A 19 year old dude, Elliot Gunton who was running a hacking service in exchange for cryptocurrencies in England has been caught by the cops, they have solid evidence of software which he used for committing cybercrimes and the Norwich Crown Court was sentenced to a 20-month prison sentence and to pay back £400,000 to the exchange which he had earlier breached in.
Pundi X (a blockchain tech firm) has announced that they will be expanding their payment system to Panama & region neighboring it. It will be dome in collaboration Chainzilla, who will be distributing the Pundi X integrated POS device called Verifone X990 which will be compatible with both traditional payment currencies and cryptocurrency. The two firm have also agreed to hold crypto educational courses for the people in the region.
The social media giant, who is now working hard to bring its dream of developing a global digital currency called ‘Libra’, is facing yet another hurdle. Facebook, which become infamous after the Cambridge Analytica revelation & alleged meddling in US election, has now admitted to collecting audio from its Messenger app and was sending it to 3rd parties for transcription.
A cryptocurrency exchange, Kriptomat has recently launched the first gamified blockchain rewards program in the world called The Dragon Riders of Kriptomat. The CEO of Kriptomat, Srdjan Mahmutovich explained, “We are thrilled to lead the charge when it comes to adopting blockchain for rewards because we honestly believe that on-chain tokens are the most advanced form of a digital asset in existence.”
The Gibraltar Financial Services Commission (GFSC) has recently granted Lendingblock a full license as a Distributed Ledger Technology (DLT). The CEO of Lendingblock, Steve Swain explain, “We are looking forward to bringing this platform to market to support our clients borrowing and lending needs and are grateful for the assistance that ISOLAS has provided us in reaching this point.”
A report shared by ING has revealed that cryptocurrency adoption shows the trend is going south ward in Europe. The survey has been conducted in twelve countries across Europe which also includes in the United States and Australia and shows that the respondents have expressed their wariness about cryptocurrency potential to transform economies in the future.
A financial institution based in Spain, Santander Group is set to expand the use of Ripple’s technology. The bank then explained, “Customers who were not doing international transfers are now using the service, customers who were using international transfer are now doing it more, and customers who had gone to use Fintech competition have come back because of the One Pay offering.”
Jeju, an island located in South Korea has stepped up its strategy on becoming the blockchain hub by launching the Blockchain Hub City Development Research Service called the Bit-Island. The strategy director of Jeju Island, Noh Hee-seop explained, “We expect that this research service will contribute to the establishment of Jeju as a blockchain hub city that maximizes the potential of blockchain technology, the core technology of the 4th Industrial Revolution.”
As a part of an initiative in enhancing the transparency of the administration process, the Department of Information Technologies of the Russian capital aims to implement blockchain technology & is looking for a blockchain contractor. The new platform is expected to be integrated with a developed blockchain platform launched previously in Moscow named “Active Citizen” which allows the resident to suggest the future city decorations.
A lawsuit has been filed against a start-up based in New York by Oracle over a similar naming. The start-up has named their company as CryptoOracle and accused by Oracle to purposely attempting to mislead consumers. In the filing, “CryptoOracle seeks to trade on Oracle’s reputation as an innovator and leader within the technology industry, and to evoke among consumers the goodwill that Oracle has built-in its famous brand.”