The Number of Exchange Heists is Growing

The Number of Exchange Heists is Growing

We are through the first half of 2018 and already Reuters has estimated that there has been roughly $761 million worth of cryptocurrency stolen from exchanges. The number of exchange heists is growing. This is an increase of nearly three times the amount stolen from exchanges last year— $266 million, and it seems the battle is not…

India Crypto Ban Goes Into Effect in Two Days

India Crypto Ban Goes Into Effect in Two Days

India crypto ban: According to various media outlets, the Reserve bank of India (RBI) will succeed in its ban on cryptocurrencies starting July fifth. India’s Supreme Court has refused the extension of the grace period in which cryptocurrency entities could continue their banking services. This means that businesses that handle digital currencies will no longer…

Major European Banks Successfully Test Cross-Border Trades on IBM Blockchain Platform

Major European Banks Successfully Test Cross-Border Trades on IBM Blockchain Platform

IBM blockchain platform: We.trade, a European blockchain trading platform, has just announced that it has completed its first live operations. The platform was established by the major European banks Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Gererale, and UniCredit. This consortium was put together to address the current issues many banks face with cross-border transactions.…