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Quadriga: The cryptocurrency exchange that lost $135m

3 days ago DieselGasoil Comments Off on Quadriga: The cryptocurrency exchange that lost $135m
When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again. In 2014, one of the world’s biggest online cryptocurrency exchanges – MtGox Read More

Germany consults industry about blockchain potential

3 days ago DieselGasoil Comments Off on Germany consults industry about blockchain potential
FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo BERLIN (Reuters) – Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by Read More

Blockchain could be a game changer for tracking medications

4 days ago DieselGasoil Comments Off on Blockchain could be a game changer for tracking medications
You may not have heard of blockchain, but it’s set to make a big splash in the tech world, the law enforcement world, and a doctor’s office near you! Blockchain is a way of storing and sharing data, originally conceived for use with digital currency like bitcoin, but now it could be transformed into a Read More

If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency

6 days ago DieselGasoil Comments Off on If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency
Just a few weeks after JP Morgan declared cryptocurrencies like Bitcoin to only have value in a post-capitalist dystopia, the $2.5tn banking giant announced its own blockchain-based “JPM Coin” – should we be worried? While many cryptocurrency enthusiasts are both pained and confused to see the words “blockchain” and “corporate-payments” used in a sentence together, Read More

JPMorgan Chase to create digital coins using blockchain for payments

1 week ago DieselGasoil Comments Off on JPMorgan Chase to create digital coins using blockchain for payments
(Reuters) – JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York Read More

Akamai earnings beat on cyber-security strength

1 week ago DieselGasoil Comments Off on Akamai earnings beat on cyber-security strength
(Reuters) – Akamai Technologies Inc reported better-than-expected quarterly earnings and forecast current-quarter profit above estimates, driven by strong demand for its cyber-security and media content delivery services. Revenue from the cloud security business – which helps data centers operate and deliver content securely – rose 36 percent to $185 million in the quarter. “The company Read More

Swiss exchange SIX to launch blockchain bourse in second half

2 weeks ago DieselGasoil Comments Off on Swiss exchange SIX to launch blockchain bourse in second half
ZURICH (Reuters) – Swiss exchange SIX plans to launch its new SDX trading platform using blockchain technology to speed up trading in the second half of this year, Chairman Romeo Lacher said on Wednesday. FILE PHOTO – The logo Swiss stock exchange operator SIX Group is seen at the entrance hall of the stock exchange Read More

Millions in cryptocurrencies frozen after Canadian founder's death

2 weeks ago DieselGasoil Comments Off on Millions in cryptocurrencies frozen after Canadian founder's death
TORONTO (Reuters) – About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December. Jewelry with the Bitcoin logo is seen on display at the Consensus 2018 blockchain technology conference in New Read More