Trezor, a major hardware cryptocurrency wallet supplier, has warned its users about a fake Trezor application on Google Play. According to Trezor, the fake app is malicious and has no relation to Trezor or SatoshiLabs, a company that created the Trezor wallet. Announcing the news on Jan. 18, Trezor asked its clients to not install the malicious application, reminding users that they should never share their seed phrase with anyone. Warning to all Trezor owners using Android devices! This app is malicious and has no relation to Trezor or SatoshiLabs. Please, don't install it. Remember that you should never share …

A new application powered by the IBM blockchain aims to help people around the world return to physical encounters amid the coronavirus pandemic. IBM Watson Health, a healthcare-focused arm of tech giant IBM, is launching IBM Digital Health Pass, a blockchain-based app to support global organizations and companies as they start reopening after months of lockdown. IBM Watson stated that the new app can deploy multiple data types like COVID-19 test results and onsite temperature scans to generate a verified health status. With the opportunity to verify health status via the app, individuals can safely access public locations like a …

This is Part 3 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 2 on the vertical scaling crisis here. Upgradeability, vertical scaling and governance: What all three of these issues have in common is that people are attempting to iterate on top of a flawed architecture. Bitcoin and Ethereum were so transformative that they have totally framed the way we look at these issues. We need to remember that these were developed at a specific moment in time, …

This is Part 2 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 3 on the governance crisis here. The advent of the internet has revealed that we have a digital self that can amplify our real-world power thanks to the ability to interact with people anywhere on Earth and coordinate actions that our physical selves never could. But our digital selves are shackled — imprisoned on private computers belonging to Facebook, Google, Amazon, Netflix, Twitter, and the list …

This is Part 1 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 2 on the vertical scaling crisis here and Part 3 on the governance crisis here. It is our belief that there are three fundamental problems, or crises, that are standing in the way of blockchain adoption: upgradeability, vertical scaling and governance. In this article, we are going to explore the upgradeability crisis and how computer operating systems could serve as a useful analogy that holds the secret to resolving this crisis and enabling blockchains …

Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Wednesday. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph. Ciara Sun, vice president of global markets at Huobi Group, said that Huobi’s move to strengthen its position in …

Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market. The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered in London, the company reportedly has 13 million users worldwide, operating in European countries, the United States, Australia and Singapore. As reported, Revolut’s initial rollout in Japan will be limited to “international transfers” and “managing money in 23 currencies.” Registered users will also reportedly receive a Revolut-branded Visa debit card. Cointelegraph …

Persol Group, one of the largest human resource companies in Japan, has partnered with major Japanese IT and electronics company, NEC Corporation, to build a new blockchain-powered recruiting platform. Persol Group is one of the largest staffing companies in the country, with 32,000 employees and a market cap of $5.7 billion as of 2017. According to the announcement, the two companies have begun working on a Proof-of-Concept to test a direct recruiting service that utilizes blockchain technology to securely manage personal data, prevent falsification of information, and ensure authenticity. This new platform is expected to target the shortage of IT …

A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India. Victims receive messages through social media groups asking them to sell and buy Bitcoin through a mobile app. This app, which supposedly acts as a crypto exchange, is actually entirely fraudulent. Once a user’s Bitcoin is deposited on the fake exchange, the scammers stop responding to queries from the victim and disappear. Manan Shah, founder and CEO of Avalance Global Solutions, said that an unidentified man lost over $50,000 while dealing with …

Over the past few weeks, TikTok has found itself in hot water over security issues. First, it was axed in India along with 58 Chinese apps for “stealing and surreptitiously transmitting users’ data in an unauthorized manner.” Later, it became a major target for Trump’s administration against the backdrop of America’s faltering relationship with China and was even banned for Wells Fargo and Amazon employees, with the latter later retracing the news, saying it did not intend to prohibit using TikTok. While the censure of TikTok’s data collection habits seems to stem from mostly geopolitical reasons — its harshest critics …

Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain — one of the results of the SDF's $5 million investment in Abra earlier in 2020. During the SDF's digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra's focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an "interest-earning capability" expected to hit the market in the coming weeks. Abra details upcoming features and capabilities "This allows consumers, for example, people who …

The Tencent blockchain accelerator entry contest was held recently in Shenzhen China. Its theme concerned “blockchain industry and ecological co construction". According to the local news on July 2, Professor Zhu Jiaming, former economist of United Nations Industrial Development Organization and the President of Chinese Digital Assets Research, believes “2020 is an important year for integrating blockchain in different industries, and it is a key period in the development and application history of blockchain.” Reaching the tipping point Zhu says there is an unprecedented consensus on the status of blockchain in macroeconomic and social governance, and that this has reached …