Randstad, the world’s largest human resources firm, has begun testing a combination of the Cypherium blockchain and Google Cloud to better match talent to corporate needs. The Netherlands-based firm said in a blog post the blockchain can offer ways to automate bureaucratic tasks associated with...
Month: February 2020
Coronavirus Hits US Stocks, Bitcoin Climbs, Haven Status Unclear – CoinDesk
The spreading coronavirus sowed a new bout of fear among investors, triggering a stock market sell-off and flight to safe-haven assets like gold and U.S. Treasury bonds, with 47 countries now reporting infections amid widespread reports of travel cancellations, shipment delays and business interruptions. U.S....
Australian Judge Says Crypto Is a Legitimate Investment Vehicle
As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral. “This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from...
CoinMarketCap CEO Hosts ‘Live’ AMA on Twitter — With No Video
Crypto data site CoinMarketCap hosted a “live” ask me anything, or AMA, session on Twitter with company CEO and founder Brandon Chez — but the session only included Chez on Twitter standby posting comments, not on video. “I do value my privacy, but [am] not...
Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure
The Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of blockchain’s core attributes. Money transfers have historically been slow, cumbersome and expensive. For example, Bank...
Malta Regulator Clarifies Legal Status of Binance
In a recent interview, a Malta parliamentarian has sought to clarify the legal status of top cryptocurrency exchange Binance within the island country. Speaking to Cointelegraph, Malta’s Junior Minister for Financial Services and Digital Economy, Bartolo Clayton, reaffirmed that Binance has never been licensed in...
MIT Professor: Blockchain Is Good on Its Own but Not Good for Voting
Computer scientist Ronald Rivest has said that blockchain is not the right technology for voting, although it can find proper application in a number of other areas. Rivest delivered his opinion at the RSA Security Conference, held in San Francisco earlier this week, technology-focused news...
Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin
Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.” Less than two weeks ago,...
‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users
An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. The Seychelles-based exchange issued Cointelegraph a statement indicating that it...
‘You OK Boomer?’ Gold Sees Biggest Loss Since 2013 as Bitcoin Steadies
Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years. According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013. Gold...