M&T Weekly News Update


Patreon Database Hack Illustrates Urgent Need for Decentralized Solutions

12:27pm October 2nd, 2015 by

  Patreon Database Hack Illustrates Urgent Need for Decentralized Solutions When the Patreon database hack was announced, the technology industry was once again reminded why centralized solutions are not the way forward. Not only have customer email addresses been leaked, but also physical addresses and even private conversations on the platform. To make matters even worse, the entire database has now been published on the Internet, available for everyone to […]

[Read more ...]

Shapeshift.io Partners with Rebit.ph To Enable Altcoin Remittances

12:00pm October 2nd, 2015 by

Altcoin Remittances Arrive: Shapeshift.io Partners with Phillippines’ Rebit.ph Philippines-based universal Bitcoin company Satoshi Citadel Industries’ startup Rebit.ph has partnered withShapeshift.io, enabling its users to send remittances using altcoins supported on the Shapeshift platform. Satoshi Citadel Industries CEO John Bailon announced: “We are excited to be able to offer our services to a wider range of users with this integration with Shapeshift.io. This partnership will allow users of any of the […]

[Read more ...]

Bitcoin Extortion Plot Targets Russian Banks

11:28am October 2nd, 2015 by

5 Russian Banks Cyber Attacked in Bitcoin Extortion Plot Five banks in Russia have undergone a DDoS-attack according to Artyom Sychev, Deputy Director of the General Directorate of Security and Information Protection of Russia’s Central Bank. Bitcoin extortion However, the regulator had warned banks in advance about the cyber attack planned for September26. “Last Saturday monitoring channels received information that, obviously, several major financial institutions will be attacked,” said Sychev. […]

[Read more ...]

Forbes Article Cautions Bitcoineers

1:09pm October 1st, 2015 by

In the recent article titled ‘Bitcoin: Cyberhackers Are Tarnishing The Sex Appeal’, the writer speaks of bitcoin losing its shine with all of the recent security flaws. As the self proclaimed ‘Financial voice of the babyboomers and their offspring’, see if this writer reaches the same conclusions as you. Are these security flaws a systemic problem with this new digital currency movement? Read the article here on Forbes

[Read more ...]

Europol Report Says Bitcoin is Common Currency for Cybercriminals

11:04am October 1st, 2015 by
Screen Shot 2015-10-01 at 10.05.21 AM

  In its latest report called the Internet Organised Crime Threat Assessment for 2015, Europol outlined the state of cybercrime threats in the European Union. The report mentions bitcoin and virtual currencies, claiming that it accounts for roughly 40% of criminal-to-criminal transactions online. This follows the agency’s statement indicating that cryptocurrencies promote the crime-as-a-service business model, wherein bitcoin was highlighted for its role in facilitating money laundering. The cryptocurrency is known […]

[Read more ...]

Chinese Auto Giant Starts $50M Blockchain Tech Initiative

10:50am October 1st, 2015 by
Screen Shot 2015-10-01 at 10.03.16 AM

  Wanxiang Group, one of the largest automobile conglomerates in China, has announced its plans to invest in blockchain tech to the tune of $50 million. The company has reportedly purchased 416,000 ETH tokens on the Ethereum blockchain, confirmed by the company’s managing director Chao Deng. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party […]

[Read more ...]

Digital currency firm accused of fraud, office raided by authorities

10:30am October 1st, 2015 by
Screen Shot 2015-10-01 at 9.59.50 AM

  Arcadia-based Gemcoin’s office was raided by federal authorities on the charges of bilking about $32 million from Chinese and U.S. investors. The report of the raid appeared in the Latimes.com and the news site also claims that the raid happened on Tuesday. The news piece further claims, that the authorities removed many computers and also boxes containing evidence and even locked the doors of the firm. Earlier, as per […]

[Read more ...]

Japan Goes in $1B on US Fintech

9:58am October 1st, 2015 by
Screen Shot 2015-10-01 at 9.56.55 AM

SoFi, the San Francisco Based Fintech company seeking to change the student debt crisis in America, has received $1B in funding lead by Japan’s SoftBank. This is big chunk of money. Read why this is the largest US investment in Fintech to date here: Venture Beat Article

[Read more ...]

Bitcoin Direct Clarifies Mike Tyson Bitcoin ATM Transaction Failure Issue

12:48pm September 30th, 2015 by

  Bitcoin Direct Clarifies Mike Tyson Bitcoin ATM Transaction Failure Issue     Recently we had published an article regarding the alleged failure of the newly launched Mike Tyson Bitcoin ATMs in Las Vegas. These new branded Bitcoin ATM range is the brainchild of Bitcoin Direct LLC, endorsed by well-known heavyweight boxing world champion, Mike Tyson. READ MORE: Mike Tyson Bitcoin ATM Fails to Pack the Initial Punch We reached out to […]

[Read more ...]

Safe Cash Payment Technology Raises $1.2 Million To Amalgamate Bitcoin and Traditional Banking

12:29pm September 30th, 2015 by

Private Blockchain Company Raises $1.2 Million A blockchain startup that will enable the purchase of digital tokens for cash has raised $1.2 million in equity financing. Safe Cash Payment Technology (SCPT), as the startup is called, aims to amalgamate the traditional banking protocols with the Bitcoin-led digital currency systems. The service briefly involves banks in the process of selling its native digital currencies by appointing them the role of distributors. […]

[Read more ...]