Category: Blockchain

Union Bank of the Philippines to Enhance Crypto Trading & Custody Services

Union Bank of the Philippines (UnionBank) plans to choose Metaco and IBM to enhance cryptocurrency trading and custody services, taking advantage of the Asian country’s rapid adoption of digital tokens. Upon completion of this integration, UnionBank will improve the insurability of assets, how keys are managed and migrated through FIPS 140-2 Level 4 certified controls, the highest

Individual Crypto Hacks Done by Using Malware from Darknet: Chainalysis

Over the last few years, hackers have been actively stealing smaller amounts of cryptocurrency from individual users using malware available on the internet or darknet, Chainalysis reported. For individual hacking users, hackers use malware strains available on the darknet mainly to take a “spray-and-pray” approach which allows them to spam millions of potential victims and steal smaller

Ethereum Stays Steady Above $3,000 Based on Heightened Social Engagement

Over the past ten days, Ethereum (ETH) has pitched camp above the psychological price of $3,000 since it nosedived below this level on January 10.  The second-largest cryptocurrency based on market capitalization was up 1.63% in the last 24 hours to hit $3,125 during intraday trading.  Ethereum has gained momentum based on increased social engagement,

NFT platform Autograph Raises $170M in Series B funding, Co-led by a16z and Kleiner Perkins

Autograph, an NFT platform focused on investing in sports, entertainment, and culture founded by Super Bowl champion Tom Brady, has raised $170 million in Series B funding co-led by a16z and Kleiner Perkins.   Per the announcement on Wednesday, Autograph said the financing will use the funds to expand the power of Web3 creation and bring NFT technology

Google New Team to Shape Blockchain Venture

Google’s venture into the blockchain and related technologies is beginning to take shape with the formation of a dedicated group under an engineering vice president who has spent more than a decade working for the company. According to Bloomberg News, Google’s Shivakumar Venkataraman now runs a team focused on “blockchain and other next-gen distributed computing

Singapore Shuts down all Crypto ATMs Operation, following Crypto Public Ads Prohibition Imposed

All cryptocurrency ATMs in Singapore have been shut down by the Monetary Authority of Singapore, following the city-state’s prohibition of all crypto-related advertisements in public spaces. “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said Daenerys &

EU Market Watchdog Speaks Against Renewable Energy Mining for PoW

The Vice-Chair of the European Securities and Markets Authority (ESMA), Erik Thedéen, has taken an unpopular stance against the use of renewable energy for all Proof-of-Work (PoW) mining operations. In an interview with the Financial Times, Thedéen said the use of renewable energy can derail member nations from focusing on the climate change goals set

Lamborghini Ventures into NFTs with New Collection

Italian luxury car manufacturer Lamborghini is launching its Non-Fungible Token (NFT) collection to cement its foothold in the emerging digital art world. The company said its NFTs, which will be a total of 5, is a digital version of ‘Space Key’, a physical object crafted from a 3D composite material sent to the International Space