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Cryptocurrency

Old 05-04-18, 02:24 PM
  #121  
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Here we go. J.P. Morgan Chase has applied for a patent to facilitate payments between banks using the blockchain.The patent was originally submitted in October, but the application was made public by the U.S. Patent and Trademark Office on Thursday. It outlines a system that would essentially use distributed ledger technology, such as blockchain, to keep track of payments sent between financial institutions.

J.P. Morgan Files Patent for Blockchain-Powered Payments
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Old 05-07-18, 11:23 AM
  #122  
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Sources close to the Russian central bank told the media outlet that the Financial Communications Transfer System (SPFS) would be converted to a blockchain system. SPFS is the Russia equivalent of SWIFT. It was developed and implemented in 2014 following Western threats to withdraw SWIFT from Russia as part of sanctions for the invasion of Crimea. Russia developed its own version of Visa, called Mir, for the same reason.

Russian SWIFT to Transfer to Blockchain Technology by 2019
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Old 05-07-18, 11:50 AM
  #123  
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blockchain is cool. cryptocurrencies... the wild west.
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Old 05-07-18, 02:32 PM
  #124  
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Originally Posted by bitkahuna View Post
blockchain is cool. cryptocurrencies... the wild west.
Quote for truth!!
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Old 05-14-18, 08:04 AM
  #125  
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UPbit--South Korea's largest exchange--raided on suspicion of fraud:

https://www.marketwatch.com/story/wh...ket-2018-05-11

They're accused of selling cryptocurrency they don't hold.
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Old 05-15-18, 10:09 AM
  #126  
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Originally Posted by geko29 View Post
UPbit--South Korea's largest exchange--raided on suspicion of fraud:

https://www.marketwatch.com/story/wh...ket-2018-05-11

They're accused of selling cryptocurrency they don't hold.
upbit audit confirms south koreas biggest cryptocurrency exchange not at fault

The official police investigation to be released this week

Last edited by Marklouis; 05-15-18 at 10:14 AM.
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Old 06-12-18, 05:18 AM
  #127  
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Another month, another exchange hack:

Bitcoin prices continue to fall as yet another exchange reports a breach (Ars Technica)

Granted, this one is pretty small potatoes--"only" $37 million.
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Old 06-22-18, 06:40 AM
  #128  
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Just 10 days later, another exchange gets hacked:

http://money.cnn.com/2018/06/19/tech...eft/index.html

Bithumb is the largest exchange in S. Korea, and third largest in the world. Similar to the theft from Coinrail less than two weeks prior, the take was $32 million.

Most cryptos are down around 20% so far in June, though Litecoin and Monero are both down by a third.
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