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Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain

During the launch event, the first live trade data between US giant banks Goldman Sachs and Citigroup were processed on Axoni blockchain. This is the first equity swap transaction on a blockchain built using tools designed for Ethereum. The launch of the DLT is a multi-year initiative led by Axoni. The distributed ledger infrastructure allows … Continue reading Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

While blockchain is promoted as being cryptographically secured as the underlying technology for cryptocurrency, exchanges that hold them are still prone to cyberattacks. Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange. Grand Jury … Continue reading US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are muddled in complexity. According to an official announcement, blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will … Continue reading What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

Alibaba Group and COFCO Group Signed a Memorandum of Cooperation through Blockchain Technology

According to XINHUANET, on June 5, Alibaba Group and COFCO Group, China’s largest food processing company, signed a memorandum of cooperation through blockchain technology to jointly open the prelude to the digital transformation of China’s exhibition industry.    After China’s President Xi Jinping’s speech on blockchain technology at the study session of the Politburo held On Oct. 25, 2019, many Chinese giants … Continue reading Alibaba Group and COFCO Group Signed a Memorandum of Cooperation through Blockchain Technology

Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker

A ransomware gang called Evil Corp Group is back in action, after having been in retirement for an undetermined period of time. The malware hacker group strikes again by developing a ransom software dubbed WastedLocker. Who is behind Evil Corp? Evil Corp Group is a Russian-based cybercriminal group that is led by Maksim Yakubets. The … Continue reading Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York. Xinyuan Group is an NYSE-listed Chinese real estate company dedicated to the development of blockchain technology. According to the official release, Binance … Continue reading Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Hacking Ransomware Group REvil Threatens to Strike Again

Previously known to be the company that hacked entertainment media firm Grubman Shire Meiselas & Sacks,  the cyberattack gang REvil does not appear to be giving up their devious activities any time soon. Their new scheme once again entails ransomware but this time the demands are targeting big-shot celebrities, such as rap star Nicki Minaj, NBA superstar Lebron James, … Continue reading Hacking Ransomware Group REvil Threatens to Strike Again

Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Ant Group, formerly known as Ant Financial has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchange’s STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).   The Inner Scoop on Ant Group’s IPO The STAR board focuses predominantly on technology companies and hopes to rival Nasdaq. A senior executive of Ant Group disclosed anonymously … Continue reading Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Ant Group Partners with Dell, Hewlett-Packard and Lenovo to Enable Access for its New Blockchain Solution—AntChain

Ant Group, formerly known as Ant Financial, the payments arm of Chinese e-commerce giant Alibaba, has launched a new blockchain solution, AntChain. Ant Group has signed an agreement with Dell, Hewlett-Packard, and Lenovo to enable accessibility of IT leasing services for small to medium enterprises (SMEs) through the AntChain blockchain solution.  The launch of AntChain … Continue reading Ant Group Partners with Dell, Hewlett-Packard and Lenovo to Enable Access for its New Blockchain Solution—AntChain

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.  Kaspersky Investigates  The new threat, dubbed VHD, is designated to target internal networks of companies in the economic sector. In regards to why the ransomware group often resorted to working in solo ops, … Continue reading Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

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