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Shinhan Bank of South Korea turns to Blockchain for Safe
Record keeping
Shinhan Bank, the second largest bank in the South
Korea has just started a project that will lead to blockchain
implementation. The bank stated that the move was made in order to reduce
human error.
The bank is already known to be pro-blockchain and pro-crypto. Was
trying to integrate both in the last eighteen months, and has also completed a
Staff training program that will allow them to work with blockchain and crypto.
Their statement states that before processes based on blockchain technology,
there were no standardized rules to keep financial records under control. Because of
human errors, these records often mismatch and create confusion and
further complications, which the bank intends to change.
Nasdaq confirms the launch of BTC
Futures in 2019, while the SEC postpones the decision of BTC's ETF for two months
As many feared, the US Securities e
The exchange commission decided that the decision on Bitcoin's ETF will be postponed
again. The decision had to be taken by December 29, although the
SEC has decided that an appropriate review of the BTC ETF applications will require further
time. The proposal was presented by a SolidX blockchain company and an investment
VanEck company, while the plan is to list the ETC BTC on CBOE.
Meanwhile, the Nasdaq has confirmed the launch of Bitcoin Futures and has shrunk
until the first half of 2019. The decision came after the market operators
discussed about futures for around 18 months. The new offer will be different from
those on CME or CBOE in terms of increased resilience, as well as increased
transparency.
IBM and Abu Dhabi National Oil
Partner company for a new Blockchain project
ADNOC (Abu Dhabi National Oil Company) has decided
to enter into a new partnership with the IBM technology giant. The partnership will result
to pilot a new transaction management system based on blockchain technology.
The project will include gas oil monitoring and accounting, following them,
validation and more: from wells to final consumers.
The new system should increase efficiency and provide more
transparency for interested parties. Furthermore, the pilot will trace the whole
life cycle of oil and gas, while other similar projects have focused only on
trade and post-trade processes.
The representatives of ADNOC announced the project during the World Energy Capital
Assembly in London, where they called this technology
"Game that changes".
Crypto Malware-mining KingMiner
continue to extract Monero and avoid detection
Check Point researchers announced a "crptojacking" attack
malware known as KingMiner continues to evolve thanks to constant updates and
improvements. The threat is getting bigger, since it is now able to escape
detection, which should lead to even more effective attacks.
The malware is primarily aimed at SQL and IIS servers and uses brute
force attacks to guess passwords and infiltrate the system.
However, after infecting the device, the malware scans the CPU architecture into a file
tries to find an older version of the attack files, which are then replaced by
new. Then follows the process of using the device for the extraction of Monero
(XMR), while using obfuscation and other simple mechanisms to hide his
presence.
Less than 48 hours before TRON
launches a new DEX platform, says Justin Sun
The creator of the cryptocurrency TRON (TRX),
Justin Sun, recently announced the launch of a new TRX DEX trading
platform. According to his statement, the platform will be the result of a joint
effort of tronscan.org and TRX.market. The new trading platform is expected
have a powerful engine, and it will arrive in 48 hours from the moment the sun
published the tweet.
The tweet was published yesterday, December 9th, which means the new platform
it could go live at some point on December 11th. According to Sun, DEX will do it
it also supports TRC 10 and TRC 20. The TRON community reacted quickly, and
while many are impatient to see the new platform, there are also numerous
the comments emphasizing that Sun is again raising the hype.
