Twitter Says It will Stop Cryptocurrency Scams by Removing Manipulative Accounts (TheVerge.com)
Twitter is taking steps to reduce the amount of cryptocurrency scams on its platform. In recent weeks, a number of scammers on Twitter have impersonated Ethereum co-founder Vitalik Buterin, Elon Musk, or John McAfee. They’ll use deceptive tactics like a slight misspelling of a username or use the same or similar avatar of the verified account, and tell followers to send them a small amount of currency to receive a bigger amount back. In a statement to The Verge, Twitter says it will begin taking down these types of accounts. “We’re aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner.”
Binance Cryptocurrency Sell-off Disaster Blamed on Mass Phishing Campaign (ZDnet.com)
Binance has rejected rumors of a security breach after users reported that their funds were being sold off without consent. The chaos erupted on Wednesday when a sudden surge of strange market activity caught the eye of Binance itself and many users. In their droves, panicked traders reported that their alt coins were being sold and converted into Bitcoin (BTC) and other cryptocurrencies. One of the first users to report fraudulent activity said: “Binance just sold all my alts at market rate and I have got just the Bitcoin now. Is it because of account getting hacked or Binance bot issue? Have raised a ticket for this.”
Japanese Banking Consortium Taps Ripple to Launch Mobile Payment App (Verdict.co.uk)
A consortium of 61 Japanese banks have partnered with blockchain firm Ripple to offer a new mobile app that will make it easier for banks to settle transactions instantly round the clock. The new app, dubbed Money Tap, will enable customers of the consortium to make domestic payments instantly using a bank account, phone number, or QR code. The app will initially be rolled out by the end of this year to customers of SBI Sumishin Net Bank, Suruga Bank, and Resona Bank, who are members of the consortium. Ripple director of joint venture partnerships Emi Yoshikawa said: “The release of the MoneyTap mobile app shows Ripple’s continued commitment to provide its partners across Asia and the world with blockchain-powered solutions that dramatically improve the customer payments journey.
Coinbio Is The Canadian Cryptocurrency And ICO Exchange Of Choice (Benzinga.com)
The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards. Our next feature is on Coinbio. What does your company do? What unique problem does it solve? Stefan Katanic, co-founder: Coinbio is an exchange that has principles of integrity, security, power, value, privacy, rights, and inclusion built into the company infrastructure to make cryptocurrencies more accessible to mainstream participants. We are currently positioned to become the first regulated block exchange based in Canada’s vibrant FinTech ecosystem. We allow vetted SME issue their own ICO/Tokens on our platform.
Company Launches a Heater That Works By Mining Cryptocurrency (CoinClarity.com)
Qarnot, a French startup, has revealed a new computing heater designed specifically for mining cryptocurrency. Named, QC1, this heater is operated by a passive computer inside that is set up for mining. A room can actually get pretty warm with just a few desktop computers, even though most people use laptops these days. In fact, one of the largest challenges when building data centers is heat emission, because hundreds of computers have to be kept cool. Qarnot has already designed three generations of computing heaters with multiple CPUs and sold them to construction companies that needed heaters for their new buildings. Then, several companies such as Air Liquide, Blender, BNP Paribas and Société Générale rent those servers for their own business needs.