IBM has taken its Blockchain World Wire (BWW) payment network out of beta this week.

IBM Takes Blockchain World Wire Out of Beta

IBM Takes Blockchain World Wire Out of BetaIBM has taken its Blockchain World Wire (BWW) payment network out of beta this week.

This development was made known in a post on IBM’s website. BWW, which makes use of digital currency on Stellar’s blockchain to facilitate foreign settlements between banks in “near real-time,” is the most recent step forward for IBM and Stellar, which have been considering blockchain payment options since October last year.

“The solution uses digital assets to settle transactions — serving as an agreed-upon store of value exchanged between parties — as well as integrating payment instruction messages,” a new summary of the platform relayed, explaining: “It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.

” IBM had collaborated with Stronghold, a Stellar-based asset, to make the Stellar network’s first stablecoin. “We see this as a way of bringing financial settlement into the transactional business network that we have been building,” the corporation’s vice president of global blockchain Jesse Lund quipped during that time.

The most recent move offers new competition for entities such as Ripple, which has had a contentious few months as executives express doubts over blockchain’s appeal to the banking sector.

While IBM claimed that blockchain could “revolutionize” the global financial system in an analysis released back in January, the firm nevertheless considered the idea of banks themselves becoming obsolete as “not likely.”

e-NetworkAssociates.com on Twitter: “In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.” 

e-NetworkAssociates.com on Twitter: “In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.” https://t.co/jD7JUruXCJ … #xrp #xrpthestandard #ripple”

“In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.”

$87 million cryptocurrency theft in China: Highly-skilled hacker trio arrested

The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe.

 

Chinese police have arrested three persons for allegedly stealing bitcoins and other cryptocurrencies worth $87 million, Chinese news agency Xinhua reported on Saturday.

The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe.

See also: Monero [XMR] experiences steep decline in hashrate; community delighted

The report says a victim, who goes by the name Zhang, approached police in the northwestern city Xi’an after he allegedly lost crypto assets worth $14.5 million. He gave a complaint in March.

The police investigated the matter with the help of many internet firms. They learned that a person Zhou (surname) hacked Zhang’s personal computer and stole his crypto assets. The investigating officers later identified Zhou’s partners, apparently highly-skilled hackers, the report stated.

The trio had been accused of breaking into the networks of corporations and individuals and getting away with 600 million yuan ($87 million) as per estimates.

Earlier, 20 persons were arrested in Dalian city of China for allegedly using crypto mining malware to infect over a million computers. They reportedly earned over $2 million in a span of two years.

$300 mn Bitcoin scam: Indian cops nab two more in ponzi scheme case

The crime branch police have arrested two more involved in the ponzi Bitcoin scheme that duped thousands of cryptocurrency investors. The duo is said to be close aides of Amit Bhardwaj, the kingpin of the multi-million Bitcoin [BTC] scam. They are accused of marketing the schemes to lure gullible consumers.

Pune police arrested Amit Bhardwaj on April 5 from the Delhi airport. He is believed to be the mastermind behind scamming thousands of Indians. He allegedly made a fortune of $300 million (approximately 2,000 crore INR).

“The duo were involved in marketing the scheme. They had lured hundreds of people and then disappear. We are investigating the case and are also finding out the number of people that have been duped,” a police official said.

Source: $87 million cryptocurrency theft in China: Highly-skilled hacker trio arrested

Smart Phone Coin Mining ~ MINE ELECTRONEUM FOR FREE ~

MINE ELECTRONEUM FOR FREE

Good day folks.

So many of you may know that crypto currencies like Bitcoin will become ubiquitous in our lives, just like the internet is ubiquitous in our life.

Electroneum is a brand new British cryptocurrency launched via an Initial Coin Offering (ICO) in September 14th 2017. Developed to be used in the mobile gaming markets, it will be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app.

Electroneum (ETN) is a cryptocurrency that can be mined with a smartphone, requiring almost no technical knowledge or prior experience. This sets it apart from other cryptocurrencies (like Bitcoin) which require expensive hardware and technical know-how to mine.

So this makes it possible to mine Electroneum for FREE from your android phone while running in the background of your smart phone. [IOS version coming soon]

The Android mining app [IOS soon to follow] has only been available since the 5th March 2018 so, as of writing this blog post, we are only 6 weeks into mining, if you could have started Bitcoin mining 6 weeks into launch would you have joined?

 

How to open a wallet & buy Electroneum?

  1. Register here to make an Electroneum wallet: OPEN A FREE WALLET
  2. Buy on Cryptopia and transfer ETN to your wallet which you opened above: BUY (ETN) HERE   Or Here

How to MINE Electroneum on your Android smart phone?

Install the Electroneum App in the google play store for free:

https://play.google.com/store/apps/de..

How to Get A 1% electroneum mining bonus?

Each referred person will get a 1% bonus on top of what they mine. Please feel free to use my referral code 8ACEB6 so you will get the bonus…

How to earn free Electroneum?

For every user you refer, you get 5.00% bonus ETN based on what they are mining. In addition, your referrals will get a 1% bonus on top of what they mine when entering your referral code. So for every 10 ETN mined by one of your referrals, you will receive 0.5 ETN and they will receive 0.1 ETN as a bonus.

How to get 5000 Free Electroneum coins?

  1. Install the free Electroneum App https://play.google.com/store/apps/de..
  2. After registration login to the Electroneum App and go to More option
  3. Click on Earn FREE Coin and then Enter this Code 8ACEB6 and Submit, then click on Show My Referral Code / QR and promote your Referral Code. Once your friends have signed up, have them scan the QR code that is displayed on your phone. You need 5 referrals in a week to have a chance to win 5000 electroneum coins.

Is Electroneum worth it?

✓It has a single-minded development team behind it, with the clear goal to break into and dominate the mobile currency market

✓Electroneum is set to become the first digital coin to enter common usage due to its groundbreaking ease-of-use for the ordinary mobile user

✓Huge potential because of the 2.2 billion smartphone users around the globe

✓First cryptocurrency mining app in the world

✓Electroneum wallets can easily be managed on a smartphone, and the coins can be generated by the unique mobile miner running as a background activity

✓Maximum coin volume of 21 billion, which will mean transactions have only two decimal places and have a ‘real money’ feel that Bitcoin lacks

✓It enables very fast micro transactions and currency can be transferred between different apps, games and users

✓Electroneum relies on its own purpose-built blockchain, unlike many other currencies launched in 2017 so far

✓Offline Wallet (a completely secure, unhackable, offline wallet)

Is this not just so COOL?

Credits Market Capitalization Hits $26.85 Million (CS) – XNewsPress

Credits (CURRENCY:CS) traded 10.4% lower against the US dollar during the 1 day period ending at 21:00 PM Eastern on August 1st. Over the last week, Credits has traded 18.8% lower against the US dollar. Credits has a total market capitalization of $26.85 million and approximately $1.42 million worth of Credits was traded on exchanges […]

Source: Credits Market Capitalization Hits $26.85 Million (CS) – XNewsPress