Technology News

BitNicx Exchange Plans to Launch in Malaysia in March

Business magnates Johnny and Douglas Bong is set to launch their own cryptocurrency exchange in Malaysia this coming March.

Wyoming Legislators Approve “Sandbox” Bill Governing Blockchain

Wyoming has recently approved a bill that would authorize blockchain startups to operate under a regulatory “sandbox.”

China Launches Stringent Blockchain Regulations

The Office of the State Council’s Department of Internet Information has reviewed and approved the draft legislation, which is expected to become law on February 15, 2019.

Blockchain-Based Messenger ADAMANT Announces Integration of Bit-Z Token

Irish blockchain-encrypted anonymous messenger ADAMANT now allows users to both send and receive Bit-Z tokens, much like how Ethereum’s ETH and Binance’s BNB Coin are transferred.

NYC Economic Development Corporation Opens Blockchain Center

New York City can start testing blockchain technology for a variety of use cases later this year.

China Mobile to Introduce Blockchain-Powered Water Purifier

Hong Kong-based telecommunication company China Mobile is exploring the integration of blockchain technology to regular household appliances, including a blockchain-powered water purifier.

US Department of Energy to Fund Universities’ Blockchain Research Initiatives

The U.S. Department of Energy has expressed its plans to give away $.4.8 million worth of federal funding for universities working on research and development projects, including blockchain-related systems.

Research: Crypto Mining Malware Bags Almost 5% of Entire Monero

Sergio Pastrana and Guillermo Suarez-Tangil, researchers from Universidad Carlos III de Madrid and King’s College London, respectively, released their report, which estimated that hackers had mined at least 4.32 percent of the entire Monero in circulation.

China: Internet Censorship Agency to Begin Regulating Blockchain Firms in Mid-February

Beginning mid-February, China’s Internet censorship agency will start regulating blockchain service providers in the country after approving set of regulations. The Cyberspace Administration of China (CAC) announced on Thursday the new “Regulation for Managing Blockchain Information Services.” The regulation defines blockchain information service providers as “entities or nodes” that provide information services to the public utilizing blockchain technology through desktop or mobile. According to the announcement, the rules will be implemented on February 15. One of the 23 articles written in the document obliges blockchain service providers to register with the CAC within 10 working days of starting of operation. The CAC also requires blockchain startups to register their names, industry fields, service types, and server addresses. In addition, the agency strictly prohibits startups from using blockchain technology to “produce, duplicate, publish, and disseminate” content or information that is not allowed under Chinese laws. Those who fail to comply with the said regulations will receive a warning from CAC and will be given a specified time to comply. Failure to act accordingly will bring a fine ranging from 5,000 yuan ($737) to 30,000 yuan ($4,422). The cost of the fine will be based on the gravity of the offense. The CAC first expressed its plans to regulate blockchain-based data in October last year. The draft suggested that blockchain startups who are involved in publishing, news reporting, education, and the pharmaceutical industry must first get licenses from relevant authorities before registering with the CAC. The final rules, however, have dropped this entire article. There are certain instances in the past that people tried to bypass China’s strict Internet censorship, which is widely known as “The Great Firewall.” For instance, the #Metoo movement and the recent pharmaceutical scandal in the country had individuals post data and information on the ethereum blockchain to bypass censorship.

Seed CX Unveils New Wallet Solution for Institutional Investors

Seed CX, a crypto exchange focused on institutional clients, is unveiling a new wallet solution that features added security and transparency for its clients.

Korean Government Conducts Crypto Exchange Security Inspection

In an inspection conducted between September to December 2018 by the Korea Internet & Security Agency, the Ministry of Economy and Finance, and the Ministry of Science and ICT, it was discovered that out of a total of 21 crypto exchanges, only a third have so far passed the security audit.

DX.Exchange Resolves Security Vulnerability that Leaked User Data

NASDAQ-powered tokenized trading platform DX.Exchange has released a statement announcing that it has resolved a recently discovered security vulnerability that exposes user authentication tokens to the public.   

Chinese Security Firm Calls on Exchanges to Help Locate Ethereum Classic “Attacker”

The security firm identifies three wallet addresses and four transaction hashes that caused the two-day block reorganization (reorg) attacks against the network.

Concordium Welcomes Danish Cryptographer and Former NASDAQ Exec to Its Team

Concordium Foundation, the Denmark-based nonprofit behind the Concordium Network, has recently expanded its team with the appointment of former NASDAQ executive Hans-Ole Jochumsen as an advisory board member and Danish cryptographer Ivan Damgård as its Core Science Team’s lead cryptographer.

Gibraltar Blockchain Exchange Lists XRP on Its Digital Asset Trading Platform

XRP, the proprietary digital asset of U.S.-based tech company Ripple, has just been listed on the Gibraltar Blockchain Exchange’s (GBX) Digital Asset Exchange (GBX-DAX).