Blockchain to Revolutionize Luxury Watch Ownership

A Swiss watchmaker plans to authenticate and issue digital warranties issued via blockchain for a limited run of luxury watches. Digital identity consortium, Arianee, has authenticated a limited batch of luxury wallets using its blockchain protocol. On March 26, Swiss luxury watchmaker Breitling announced the release of a limited edition chronograph certified using the Arianee protocol. Each individual Top Time watch will be given a unique digital identity using distributed ledger technology. Breitling Issues First Blockchain-Based Digital Warranty For Mechanical Watch Breitling, which was founded in 1884, claims to be…

Read More

Fake Ledger Chrome Extensions Continue to Steal Crypto From Victims

Fake Google Chrome extensions continue to steal funds from users, with a purported COVID-19 case claiming to have lost 14,000 XRP. Fake Google Chrome extensions for crypto hardware wallet manufacturer and custody provider, Ledger, continue to claim victims. On March 28, a post was published to Reddit by a user seeking to warn others that they had just lost 14,908 Ripple (XRP) (roughly $2,577) to a fake Ledger Wallet extension on the Google Chrome store.  According to the poster, ‘leannekera’, the lost funds comprised a nest egg that she and…

Read More

Canada’s New AML Rules Have Room for Improvement but a Good Start, Eh?

Canada is the latest country to adopt FATF’s crypto guidance, but how will Canadian crypto firms fair under the new regime? As the world’s supervisory agencies start to heed the crypto guidelines of the Financial Action Task Force, a new regulatory landscape is taking shape within the crypto industry. The latest country to annex the FATF directives is Canada, but how will the new rules impact crypto business in the country? In a report released March 10, the Financial Transactions and Reports Analysis Center of Canada, or FINTRAC, unveiled plans…

Read More

BitMEX Research Unveils Who Funds Bitcoin Network Development

BitMEX’s research arm sheds light on who funds development of the open source software behind Bitcoin. The research arm of cryptocurrency exchange, BitMEX, shed some light on who is funding the development of the open source software behind Bitcoin (BTC). According to a BitMEX Research report published on March 28, blockchain firms Blockstream and Lightning Labs are the largest contributors to Bitcoin development. On the other hand, Bitcoin research firm, Chaincode Labs, is the largest financial supporter of Bitcoin Core software development. The researchers note: “We conclude that the situation…

Read More

Maze Hacker Group Claims Infecting Insurance Giant Chubb with Ransomware

Black hat hacker group claims to have compromised an insurance giant with ransomware. Black hat hacker group, Maze, claims to have used ransomware to compromise the systems of insurance giant, Chubb. They also claim to have stolen the firm’s data. Brett Callow, threat analyst at cybersecurity firm, Emsisoft, told Cointelegraph on March 27 that Maze published the claim on its website. While the website does not provide any direct proof of the hack so far, Callow pointed out facts that give the claim an air of credibility: “Maze’s past victims…

Read More

Book Review – CoinGecko’s ‘How to DeFi’

For beginners wanting to learn more about decentralized finance, CoinGecko’s ‘How to Defi’ provides an accessible entry point. Decentralized Finance (DeFi) is certainly the buzz-phrase in the cryptocurrency world right now. But although we are hearing more and more about the potential of this technological breakthrough to revolutionize the world of traditional finance, many are still unsure of what DeFi actually involves. CoinGecko has just released its very first book, called ‘How to DeFi’. This book aims to provide an easy entry point for those wanting to learn about the…

Read More

Top 5 Cryptos This Week (Mar 29): CRO, XMR, XRP, ADA, XLM

Most top performers are attempting to climb back after a sharp sell-off. If they can sustain above their immediate overhead resistance levels, a bottom is likely to be confirmed. The coronavirus pandemic has only worsened this week and has engulfed almost the whole world. Several countries in Europe and the US have been the worst affected outside of China where the virus started. While the world attempts to tackle the spread of the virus by lockdowns, it is having a huge negative impact on the economy.  In order to support…

Read More

DeFi Cannibalizes Ethereum Block Space

Analysis of Ethereum network activity reveals an increase in complex transactions associated with DeFi. Data published by Ganesh Swami, the co-founder of Ethereum (ETH) analysis firm, Covalent, indicates that decentralized finance, or DeFi, transactions are representing an increasing share of Ethereum block space at the expense of ETH transfers. Swami analyzed the gas costs incurred by Ethereum transactions over time in order to estimate the share of network activity represented by ETH transfers, simple ERC-20 transactions, and the complex interactions with smart contracts usually associated withDeFI protocols — as each…

Read More

Bitcoin Rallied 80% Without Any Gov’t Bailout: Time to Get Bullish?

Bitcoin doesn’t brrr money to succeed, so it could be the best time to buy as several price indicators are suggesting the BTC price bottom may be close. The Bitcoin (BTC) price remained relatively sideways last week and not once did it test resistance or support of the descending channel identified in last week’s analysis.  As such, today I’m looking at a new bullish case for Bitcoin that could see the leading digital asset see incredible growth if $7,200 resistance is broken as far as the technicals are concerned.  However,…

Read More

Cointelegraph Exclusive: Former CFTC Chair Looks to Digital Dollar Beyond COVID-19 Stimulus

Cointelegraph talks U.S. CBDC with the founders of the Digital Dollar Project, former CFTC Chair Giancarlo and LabCFTC leader Gorfine. The digital dollar has been the talk of the crypto world this week. Drafts of the COVID-19 stimulus bill first included and then discarded the creation of digital dollar wallets; a digital distribution method that would enable direct aid to citizens.  The version of the “Coronavirus Aid, Relief, and Economic Security Act” that became law on March 27 features no mention of the digital dollar. While the proposed digital dollar…

Read More