IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft. According to a filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain …
Bitcoin (BTC) is trading up around 2% at $7,600 on the back of the European session this morning, which is where it has been consolidating for a couple of days. With the weekend looming and the month of November coming to a close, Bitcoin price action is at a critical point and is likely to …
The Cardano Foundation, the firm behind the 12th biggest cryptocurrency Cardano (ADA), has launched AdaPay, an ADA payment gateway for merchants. Developed by the Cardano Foundation and enterprise-grade fintech platform Coti, the solution allows merchants to accept ADA payments with “near-instant” settlement in 35 fiat currencies directly in their bank accounts, the firm announced Nov. …
Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously. Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent years, and thanks to two curious U.S. …
On Nov. 27, major South Korean cryptocurrency exchange UpBit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the incident. The platform’s operator has promised …
This year has yielded significant price action for Bitcoin (BTC), both to the upside and to the downside. Bitcoin’s price recently fell to around $6,500 as selling pressure continues to plague the market. Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the …
A group of hackers has launched a new cryptojacking campaign on Nov. 24, scanning as many as 59,000 IP networks to find Docker platforms that have API endpoints exposed online, business technology publication ZDNet reports Nov. 26. According to the report, the campaign is targeting vulnerable Docker instances in order to deploy crypto-malware to generate …
Fresh research has challenged the perception that Bitcoin (BTC) mining is irreconcilable with tackling climate change. Major science and technology magazine The New Scientist published a report on the new findings on Nov. 20. Prior research over-reliant on “blanket” assumptions In their study, Susanne Köhler and Massimo Pizzol at Aalborg University in Denmark have criticized …
Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month. In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to month since the startup announced its launch …
Miami-based Bitcoin (BTC) automatic teller machines (ATM) firm Bitstop has partnered with the largest shopping mall operator in the United States, Simon Malls, to install Bitcoin ATMs at several locations. BitStop announced on Nov. 26 that the firm has already installed Bitcoin ATMs at five Simon Malls locations in California, Florida and Georgia. Bitstop co-founder …