North Korea Taps Bitcoin to Circumvent US Sanctions, More Hacks to Follow

North Korea seemingly wants to bypass the sanctions imposed upon the nation by the US government. Doing so will require a very creative approach. So far, it seems the country’s government leans toward using bitcoin for this specific purpose. North Korea and Bitcoin It is evident there are growing rumors regarding North Korea and Bitcoin. […]

Credit Suisse and ING Group Complete $30 Million Securities Lending Transaction Using Blockchain Technology

Yesterday, Credit Suisse and ING Group completed a 25 million euro ($30.48 million) securities lending transaction using blockchain-based software. The transaction involved the banks swapping baskets of securities through an application from fintech company HQLAx, which was built with a blockchain created by bank consortium R3. The trade was one of the first examples of […]

Iceland: Authorities Hold Two Suspects Over Bitcoin Mining Theft

Eleven individuals have been arrested in Iceland over the theft of 600 Bitcoin mining rigs. The thefts occurred in December and January. Authorities are labelling the incident the largest organised robbery in the history of the small island nation. Mining Rigs Don’t Require Reselling for Criminals to Profit Despite the fact that three of the […]