Tag Archives: Business News

$400K: Hacker Makes Off With Stellar Lumens in BlackWallet Theft

An unidentified thief has reportedly stolen more than $400,000 in Stellar lumens after hacking the digital wallet provider BlackWallet. According to cybersecurity reearcher Kevin Beaumont, the attacker hijacked BlackWallet’s domain name system (DNS) server over the weekend, adding a piece of code which transferred any deposits of 20 or more lumens into (more…)

Blockchain in Your Pocket? The Phone Behind Sirin’s $157 Million ICO

Does the world really need a blockchain phone? Sirin Labs is betting it does. The startup, which recently raised $157 million in an initial coin offering (ICO), is building an Android smartphone from scratch with special features for cryptocurrency enthusiasts: an app store for distributed apps (dapps), cold storage for private keys (more…)

Blockchain and the Rise of Transaction Technology

Magda Borowik is the special envoy for fintech to the Ministry of Digital Affairs of the Republic of Poland and the director of technology research at FinTech Poland. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The last couple of years were owned by the ‘fintech’ buzzword. From startups to (more…)

Don’t Use a Blockchain Unless You Really Need One

Marc Hochstein is the managing editor of CoinDesk and a former editor-in-chief of American Banker.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Last month I had the plum assignment of interviewing Naval Ravikant for CoinDesk’s Most Influential in Blockchain 2017 series. During our conversation, (more…)

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That (more…)

KFC Canada Is Accepting Bitcoin for Fried Chicken

Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is. The limited-time marketing move sees the Canada-based chain advertising “The Bitcoin Bucket” complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian (more…)

Crypto Cat and Mouse: 2018 Will Be the Year of Policy Subterfuge

Pavel Matveev is the CEO of Wirex, a bitcoin wallet and payment card provider. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The new year will usher in regulatory arbitrage amongst companies that want to develop innovative solutions, as well as from states seeking to maximize tax receipts from (more…)

Goodbye ICOs, Hello TAOs? How Tokens Will Change in 2018

Christopher Pallotta and Vincent Molinari are the co-founders of Templum, an alternative trading system designed for cryptographic assets. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. As we enter 2018, it appears that blockchain’s contribution to capital formation has only begun. An unfortunate influx of both naive and bad actors begs for (more…)