Search Results for: Security

President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018. As reported by the Washington Examiner on June 18, these claims are documented in Bolton’s book titled “The Room Where It Happened” that highlights his time … Continue reading President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese courts are adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and sophisticated alarm systems. This move is intended to eradicate the conventional paper seals, which are not tamper-proof. Setting the ball rolling The Executive Bureau of the People’s Court in Beijing, China, set a precedent by using a … Continue reading Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

Abra and its affiliate Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019. The Securities and Exchange Commission (SEC) has charged California-based Abra and a related firm Plutus Tech in the Philippines … Continue reading SEC Charges App Developer Abra for Unregistered Security-Based Swaps

The Nascent Primary Market of Security Token Offerings

The years 2017 and 2018 saw an influx of ventures raising substantial amounts of money through initial coin offerings (ICOs). The Ethereum blockchain greatly facilitated the spectacular surge of ICOs, even though utility tokens and cryptocurrencies are not primarily meant for raising external capital for start-up firms. Now that the ICO market bubble ebbed away … Continue reading The Nascent Primary Market of Security Token Offerings

US Government Considers Blockchain as a Stepping Stone to Smarter Food Security

Through its federal agency the Food and Drug Administration (FDA), the US government has considered blockchain as one of the technological innovations that will prompt traceability and food safety culture.  A new era of smarter food safety Attributes like conscious consumerism have prompted a traceable food network as people are becoming more concerned about what … Continue reading US Government Considers Blockchain as a Stepping Stone to Smarter Food Security

Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees

By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.   Ethereum 2.0 One of the key elements of the blockchain ecosystem is that it runs on a Proof-of-Stake (PoS) consensus algorithm, as opposed to the conventional Proof-of-Work (PoW). This enables Ethereum blockchain users  to reach distributed consensus when mining a block, and for bullish … Continue reading Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees

DLA Piper: Security Tokenization in Hong Kong

Security tokenization is the representation of fractional interests in an asset using blockchain.  A security token derives its value from an underlying asset, such as a work of art.  This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.  This … Continue reading DLA Piper: Security Tokenization in Hong Kong

ING Bank-Led Security Token-Focused Project Pyctor Was Selected by UK's FCA for its Regulatory Sandbox

Pyctor, a digital asset project led by ING Bank, in collaboration with ABN AMRO, BNP Paribas Securities Services, Invesco US, Société Générale – Forge, State Street, and others, was selected to be part of the UK’s Financial Conduct Authority’s (FCA) regulatory sandbox. The ING-led project was chosen by the United Kingdom’s FCA as one of … Continue reading ING Bank-Led Security Token-Focused Project Pyctor Was Selected by UK's FCA for its Regulatory Sandbox

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign … Continue reading Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

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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