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Tag Archives: Private

Crypto Project Says It Can Reverse Transactions and Recover Accounts Without Private Keys

A startup which bills itself as “blockchain’s financial district” has launched its network — and says its debut heralds “the beginning of true financial freedom.” WORBLI enables businesses and individuals to enjoy “seamless access to financial services,” and paves the way for developers to build their own applications on its network. Its ecosystem uses EOSIO software, with the startup’s team ...

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Could South Korea Follow Japan in Allowing Private Crypto ICOs?

On November 26, the Financial Services Agency (FSA) of Japan held an internal meeting to discuss the possibility of allowing private crypto initial coin offering (ICO) projects. Nikkei exclusively reported that local financial authorities are actively exploring the legalization of ICOs for institutional investors and accredited investors, as long as they are lawfully conducted within the boundaries of existing financial ...

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German Private Equity Fund Targets Bitcoin Mining аs Clients Demand ‘Regulated Product’

German alternative investment fund manager Xolaris Service KVAG has launched a private equity fund dedicated to Bitcoin mining, the company confirmed in a press release Nov. 29. Xolaris, which has undertaken various expansion measures including the opening of a Hong Kong office in July, says client demand to access the sector continues despite the downturn in Bitcoin (BTC) prices. The ...

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Amazon Customer Data Leak Shows Need for Private Online Payments

Amazon has revealed that it has experienced an error resulting in many customers’ names and email addresses being exposed. According to Deadline, several customers reported that they had received an email from Amazon stating that their username and email had been temporarily leaked publicly. This was reportedly due to a “technical error,” with claims that it has since been fixed. ...

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How to Recover Your Wallet if Your Private Keys Are Lost

Before the internet brought us dog videos and your grandmother’s Facebook updates, losing money was a traumatic experience. Dropping $20 meant you’d probably never see it again – all you’d have left is that unmistakable sensation of feeling stupid. At least in the fiat world, it’s become a little bit harder to lose money. Centralized institutions mean you can recover ...

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Private Blockchains Could Be Compatible with EU Privacy Rules, Research Shows

Private blockchains, such as interbanking platforms set to share information on customers,  could be compatible with new E.U. privacy rules, according to research published Nov. 6. The study was conducted by Queen Mary University of London and the University of Cambridge, U.K. The General Data Protection Regulation (GDPR) act, a recent legislation that regulates the storage of personal data for ...

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Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain. It does this by using zero-knowledge proof (ZKP) technology on the public Ethereum ...

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Crypto Mining Giant BitFury Gets Bigger with $80 Million Private Placement

Twitter Facebook LinkedIn BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s Galaxy Digital, ...

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Bitfury Secures $80M in Private Funding Round

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for ...

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India’s Biggest Private Company Gets Paid on a Blockchain

Twitter Facebook LinkedIn Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, a press ...

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