News > FinTech, Blockchain

Commerzbank Tests Blockchain-Based Payments For Machine-To-Machine Transactions
Major German bank Commerzbank announced that it has developed a blockchain-based payment solution that specifically automates machine-to-machine (M2M) payment processes. This pilot project is in collaboration with Daimler Trucks, with this M2M payment part of the test for the direct handling of charging operations of electrically powered trucks. The automated payment pilot involves the transaction process between an electric truck
New Zealand Legalizes Salary Payments In Crypto
It was announced yesterday that New Zealand has become the first country ever to legalize salary payments in cryptocurrency. geralt / Pixabay This ruling was signed on June 27 by the Inland Revenue Department (IRD) agency’s Director of Public Rulings, Susan Price. It will be put into effect for three years from September 1, 2019. The ruling states that the
North Korea’s Nuclear Program Partially Funded by ‘Large Scale Attacks Against Cryptocurrency Exchanges’
North Korean hackers have reportedly stolen up to $2 billion to help fund the country’s nuclear program, the SCMP writes citing a report to the United Nations Security Council. North Korea is using cyberspace “to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income” in violation of sanctions. Cryptocurrency exchanges deal in virtual
Report: The People's Bank of China's Digital Currency Is Now 'Ready'
Barely a month after it accelerated its crypto plans, China’s central bank digital currency (CBDC) is now reportedly “ready.” The Token Post, citing the Shanghai Securities News, reported yesterday that the Middle Kingdom will be rolling out its CBDC “soon.” Mu Changchun, deputy chief of the People’s Bank of China’s payments and settlements unit, said that the CBDC prototype is
Hacker Extorts World’s Largest Bitcoin Exchange Over KYC Data
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that it has been targeted by an extortionist seeking “300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data.” The Malta-headquartered exchange refused to cooperate with the hacker, and as such, a shedload of the photos have been released, including several hundred that he
Report: State-Backed Hackers Are Targeting Crypto Firms
Here’s something interesting. FireEye, a California-based cybersecurity company, says with “high confidence” that Chinese government hackers have been attacking crypto firms (PDF). The hackers, called APT41, have been active since 2012 and initially targeted video game companies for financial gain. FireEye, however, claims that the group has since expanded to state-sponsored activity alongside its own financially motivated operations. As with
Samsung Amps up Blockchain Dapp Arsenal With Over a Dozen New Apps
In an effort to stay ahead of the competition, Korean electronics giant Samsung has added over a dozen new apps to its blockchain dapp store, writes CoinDesk: Launched in March 2019, Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications to a total of seventeen. The four original dapps included a password wallet, a game, a
Trade Wars Or Crypto Whales? What’s Behind The Latest Price Surge
With all the talks of retaliatory trade wars, turmoil in Hong Kong, and global markets on the downswing, it’s hard to pinpoint why crypto prices are surging at the moment. But Tom Maxon, CoolBitX’s head of U.S. operations, believe it has less to do with macro conditions and more to do with crypto whales taking advantage of the market momentum.
Why Facebook’s Libra Cryptocurrency Launch May Never Happen
Image source: Facebook Newsroom Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns have been raised in multiple countries, and now a regulatory document even states that Facebook’s Libra cryptocurrency launch might never happen. Facebook said in its latest quarterly report to the Securities and Exchange Commission
Hong Kong Awards Digital Asset Custody License to Aegis Custody
After handing out a handful of virtual banking licenses, Hong Kong has issued its first digital asset custodian license. Aegis Custody, a Fosun-backed digital asset financial services company, has had its digital asset custody business licensed by the Hong Kong Companies Registry of Trust and Company Services Providers, according to a statement. The company’s Founder and CEO, Serra Wei, said