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Tag Archives: Tech

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According to Arabian Business, the system works by means of printing ...

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SEC Charges Third ‘Mastermind’ In Centra Tech ICO Fraud

Join our community of 10 000 traders on Hacked.com for just $39 per month. The U.S. Securities and Exchange Commission (SEC) has announced charges against a third partner in an investigation of Centra Tech Inc.’s $32 million ICO which was promoted by legendary boxer Floyd Mayweather. The SEC earlier this month filed charges against the Centra Tech alleging that its ...

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Third Co-Founder Of Centra Tech Charged With $25 Mln Securities Fraud

The third co-founder of crypto financial services startup Centra Tech Raymond Trapani has been arrested yesterday, April 20, and charged with securities and wire fraud of more than $25 mln associated with the company’s Initial Coin Offering (ICO), according to the US Department of Justice’s (DOJ) press release April 20. The two other co-founders, Sohrab Sharma and Robert Farkas, were ...

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Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

Thailand’s Securities and Exchange Commission (Thai SEC) and Thai Fintech Association technology consultant Bhume Bhumiratana, along with members of the local crypto community, have urged financial authorities to reconsider the country’s cryptocurrency tax framework, local news outlet Bangkok Post reported Tuesday, April 17. According to Thailand’s proposed crypto tax framework released in late March, the value added tax (VAT) for ...

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Platform Offers ‘Plug and Play’ Blockchain Tech to eCommerce Platforms

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A company that empowers eCommerce platforms by enabling them to integrate Blockchain technology into their existing systems on a “plug and play” basis has launched its token sale. Omnitude says its “middleware” has ...

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NASA Researches Ethereum Blockchain Tech for Deep Space Exploration

Join our community of 10 000 traders on Hacked.com for just $39 per month. A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris. In developments that could potentially have significant implications for deep space probes, NASA is putting resources behind a research project ...

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US Tech Group Releases ‘Playbook’ To Help Gov’t Understand If It Needs Blockchain

The American Council for Technology and Industry Advisory Council (ACT-IAC) released a second Blockchain resource specifically targeting government uptake of the technology this month, Forbes reports Sunday, Apr 15. The ACT-IAC, an advisory structure in existence since the 1970s, has opted to create a five-point checklist for US government agencies. This, along with other materials in the Blockchain Playbook, should ...

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Mastercard Patents Blockchain Tech To Combat Fake Identities

Mastercard has filed a patent for a Blockchain system to store and verify identity data, in an application published by the U.S Patent and Trademark Office (USPTO) April 12. Mastercard states: “Traditionally, proof [of identity] has been provided via government identification, credit cards, business cards…[such] proof may be inaccurate… or may be entirely fabricated in ways that may be difficult ...

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Rockefeller Family Invests in Blockchain Tech

The infamous Rockefeller family, made rich by oil at the turn of the 20th century, will now be investing in blockchain and cryptocurrency technology in the 21st century through their venture arm, Venrock. The investment involves a partnership with Coinfund, a cryptocurrency investor group, to assist entrepreneurs in their endeavors to launch blockchain related businesses. David Pakman, a Venrock partner, ...

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Blockchain Tech to Be Applied in Curbing Counterfeit Drugs in India – The Merkle

Blockchain technology has been touted as the long-needed antidote to the poison that is counterfeit drugs, and the Indian government is exploring its potential through its national policy think tank, NITI Aayog. Fake drugs are a huge problem in India, a problem which is growing every day. Blockchain technology could bring an end to this scourge that has led to many serious ...

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