The top news in the last 24 hours are shown below:
Chinese Government Officials Face Ransomware Attack
A statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days.
Tether Admits Dollars No Longer back it
A recent revision to Tether’s homepage has revised the claim that each Tether is backed by one US dollar. Their website now reads:
“Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.”
Kevin McCarthy Urges US Government to Go All-In on Blockchain and Make the Government More Transparent
It seems as if the United States is now garnering increasing support for blockchain technology in the House of Representatives. In fact, McCarthy recently made a passionate plea to the Select Committee for Modernization of Congress that blockchain technology should be widely adopted within the US government.
Tom Lee Predicts Bitcoin Bull Market to Start in August
Tom Lee, the co-founder of Fundstrat Global Advisors and well-known Bitcoin bull, predicts the bull market will start in five to six months. On an interview on CNBC, he revealed that he thought the fundamentals for Bitcoin have improved and that technical analysis indicates that Bitcoin will soon be entering the bull market.
CBOE Will No Longer List New Bitcoin Futures This March
The Chicago Board Options Exchange will stop listing new Bitcoin futures on its platform this month as it needs to review its approaches in this sphere.
“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”
Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement
Mark Karpeles, CEO of the now-defunct Bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years.
Canadian Capital Market Regulators Mull New Cryptocurrency Rules
Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder, and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies.
Report: Over 40 Bugs in Blockchain and Crypto Platforms Detected Over Past 30 Days
White hat hackers have detected over 40 bugs in blockchain and cryptocurrency platforms over the past 30 days, tech news outlet The Next Web (TNW) reported on March 14. According to an investigation conducted by TNW, 13 blockchain- and cryptocurrency-related companies were hit with a total of 43 vulnerability reports from Feb. 13 – March 13.
French Court Clerks to Use IBM Blockchain Platform for Corporate Registry
French commercial court clerks will use a blockchain-based platform to record changes in companies’ legal status within the country. The development was revealed in an official announcement on March 14. The blockchain network was jointly developed by IBM and the National Council of Clerks (NCC) and will reportedly be deployed starting in 2019 by the clerks operating in commercial courts across France.
Japan: Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors
An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14. The cybercriminal allegedly hacked Monappy, a digital wallet which can be installed on a smartphone, and stole 15 million yen ($134,196) of cryptocurrency between Aug. 14 and Sept. 1 of last year. The hack reportedly affected more than 7,700 users.
IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions
The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a significant forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stable coin solution for financial institutions.
Stellar Foundation Appoints Former Mozilla COO as CEO and Executive Director
The Stellar Development Foundation announced the appointment of the former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director. The company announced the event via a press release published on March 14.
SEC’s Finhub to Host Public Forum on Blockchain, Digital Assets in May
United States regulator the Securities and Exchange Commission (SEC) has announced that it is hosting a public forum on distributed ledger technology (DLT) and digital assets this May. The news was revealed in an SEC press release today, March 15.