Head HTC’s business and corporate development Phil Chen, who founded the company’s virtual reality system Vive, outlined these plans in an interview with The Next Web, also providing provisional schematics. Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Chen said. We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together. HTC’s latest innovation follows in the footsteps of electronic manufacturing giant Foxconn, which last month announced it had agreed to build a blockchain-powered device developed by Sirin Labs. The Finney, which is expected to ship in October, features a ‘cold storage’ crypto wallet, enabled via a physical switch, that, when flicked, immediately turns off all unencrypted communications – meaning the crypto wallet will be offline unless deliberately activated.
HTC’s announcement continues a recent trend of companies taking up blockchain technology in a bid to refresh and enhance their products and services – with a range of sectors, from finance to automotive, indulging in the new technology’s appeal. But KPMG, meanwhile, believes blockchain still remains in the “hype stage” with results not expected till at least 2019 at the earliest. Speaking to IT Pro in February, KPMG head of tech growth Patrick Imbach said: “I’m not sure actually whether some sort of tangible use-cases and commercial models based on blockchain technologies will evolve over the next months. We’re still a little bit early in that process, I wouldn’t expect any exciting commercial opportunities to arise in large numbers any time soon – in the UK, particularly. Unicef wants to borrow your computer’s processing power for a good cause – mining cryptocurrency. Any digital coins the children’s charity successfully mines via its Hopepage, which people can visit to ‘donate’ their CPU, are automatically donated to the charity’s Australian arm, Unicef Australia, and spent on life-saving supplies such as clean water, food and vaccines for vulnerable children.
People can choose the level of processing power they want to let Unicef use, and Unicef can borrow it as long as users stay on its mining page. We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them,” said Unicef Australia’s director of fundraising and communication, Jennifer Tierney. We don’t have a target in minas it is the first time a product like this is developed for the market. We’re hoping to raise thousands, and we’re asking people in Australia to make the Unicef Hopepage their homepage. Bitcoin and Bitcoin Cash: what happens now?
Monero that can be embedded into other websites. By donating CPU, Unicef is able to use processing power in bulk to solve complex equations that reward successful miners with new coins they can spend. The Hopepage is currently supporting the charity’s response to the Rohingya crisis and follows on from Unicef’s previous cryptocurrency-driven fundraising platform, Game Chaingers, which started earlier this year. Game Chaingers used cryptocurrency mining as a method to help raise donations for Syrian children caught up in the country’s ongoing conflict, by asking gamers to install Claymore to generate Ethereum. Salon recently asked readers using ad-blockers to allow it to mine cryptocurrencies with their spare processing power instead. 3 million worth of digital coins. It announced the news in the form of a written statement penned by the Coinsecure team, as well as a copy of a complaint issued to New Delhi Police by CEO Mohit Kaira.
Our system itself has never been compromised or hacked, and the current issue points towards losses caused during an exercise to extract BTG to distribute to our customers, ” said the firm in a statement. However, Kaira is not buying this story and has accused Saxena of orchestrating the entire heist. Only Karia and Saxena have access to the private keys for the wallet. Amitabh Saxena does not seem convincing to us. The news comes as the Reserve Bank of India has implemented a new rule banning banks and other financial organisations from accepting cryptocurrencies. We have decided to ring-fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to stop having a business relationship with the entities dealing with virtual currencies forthwith and unwind the existing relationship within a period of three months.
Max Heinemeyer, director of threat hunting at cyber security firm Darktrace, said it is becoming increasingly difficult for the police to handle cryptocurrency-related crime. There used to be a money trail that law-enforcement could trace back to offenders. Cryptocurrencies allow anonymous monetary transactions, basically eliminating the traceable money trail that was the biggest challenge for a lot of cyber-criminals in the past,” he said. Criminals are notoriously adaptable and will follow the money wherever it goes, leading to an increase in the popularity of cryptojacking. Japanese online currency exchange Monex is to acquire Coincheck, a cryptocurrency exchange that became notorious earlier this year for suffering a major security breach.
The deal, which was first rumoured earlier this week, will cost Monex 3. CEO and COO stepping down and Monex’s CEO Toshihiko Katsuya taking over as head of the business. Monex has had no dealings in Bitcoin or any kind of cryptocurrency previously, but the acquisition will give it a foot in the door of this increasingly lucrative market. In a statement reported by CCN, Monex said: “We recognise blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money. Coincheck which has been a pioneer among cryptocurrency exchanges,” it added.
Coincheck has something of a chequered past, having fallen victim to a massive hack in January this year. Gox in 2014 and making it possibly the most expensive hack ever. Japanese financial authorities to tighten up its security. Addressing this issue in its acquisition statement, Monex said: “We aim to build a secure business environment for customers by fully backing up Coincheck’s enhancement process. Electronics manufacturing giant Foxconn has agreed to build a blockchain-centric phone that will help its owners securely store and trade cryptocurrency.