Business

Bitcoin Drops to $10,000 in Recent Downtrend

[ad_1] Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31.A little earlier this month, experts were optimistic about Bitcoin continuing its rally, citing geopolitical tensions — particularly the ongoing United States-China trade war — as a reason for its possibly continuing success. Galaxy Digital CEO Mike Novogratz commented on Aug.
BLOCKCHAIN

Walmart Files Patent for Blockchain-Based Drone Communication System

[ad_1] American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology. Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters.In essence,
Business

Researchers Find Monero Mining Malware That Hides From Task Manager

[ad_1] Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection. Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company. Hackers and cybercriminals deploy cryptojacking hardware to use the computing power of unsuspecting users’ machines to mine
Business

Terra Stablecoin Alliance Adds South Korean Music Streaming Platform

[ad_1] Blockchain payment system and stablecoin issuer Terra has added South Korean music streaming platform Bugs to its e-commerce alliance. As CoinDesk reported Aug. 14, there are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem.The Terra Alliance uses payment solutions provider CHAI as its front-end. CHAI incorporates a mobile payments app which connects to 15 major local banks. Terra’s blockchain-based platform then sits in the background, linking payments
BLOCKCHAIN

US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

[ad_1] The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin offering (ICO).The SEC submitted its settlement agreement to a U.S. District Court in Brooklyn on Aug. 12. According to the filing, the defendants will collectively be fined nearly $7 million as part of the settlement agreement. The SEC concluded
Business

Craig Wright Faked Documents on Bitcoin Creation

[ad_1] The developer of peer-to-peer messenger Bitmessage, Jonathan Warren, testified against Australian computer scientist Craig Wright stating that some of Wright’s documents in a recent trial were faked.Per a court document released on Aug. 13, Warren testified in the course of an ongoing lawsuit against Wright filed by the estate of David Kleiman, who was a cyber-security expert, whom many believe to have been one of the first developers behind