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Ripple develops blockchain payment app with 61 Japanese banks
Ripple has developed a payments app that settles transactions instantly, in partnership with a consortium of 61 Japanese banks based on blockchain technology. Ripple says that the app, called “Money Tap,” will first go live in the fall. It will initially be available with three banks included in the consortium — SBI Net Sumishin Bank, [...]
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Deutsche Börse presents CollCo blockchain concept for risk free cash transfer
Deutsche Börse Group has developed a concept for riskless transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT). By combining blockchain technology with its proven post-trade infrastructure, it aims to achieve efficiencies while at the same time investigating possible new business opportunities enabled by this technology. DLT is often perceived [...]
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Venezuela launches petro a government backed cryptocurrency
The Venezuelan government says it raised $735m in the first day of the pre-sale of its cryptocurrency, the petro. President Nicolás Maduro tweeted late on Tuesday that the cryptocurrency reaffirmed the country’s economic sovereignty and celebrated the petro as a “big solution” to Venezuela’s ills, as the country economy is battered by hyper inflation and US [...]
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The cryptocurrency revolution has barely begun – viva la blockchain
Upset that you missed the boat on the cryptocurrency craze last year? Millionaires were minted overnight as bitcoin returned 1,700% in 2017, only to see prices crash by more than half since December. The bubble seems to have popped, and not everyone got out in time. While we may be past the peak temporarily, the [...]
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Government websites hacked to run secret cryptocurrency miner
Thousands of government websites around the world have been hijacked to mine the cryptocurrency Monero. A commonly-used accessibility script was hacked to inject the Coinhive miner into official sites in the US, UK and Australia. One security researcher described it as the biggest attack of its type that he’d seen. In the UK, websites for [...]
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