New Tool Lets Bitcoin Firms 'Ring Fence' Customer Funds
Two London-based bitcoin startups have unveiled a new system that "ring-fences" customer funds from other operations. As part of the set up, derivatives trading platform Crypto Facilities will continue to match buyers and sellers, but its partner, Elliptic, will take custody of the platform's funds at its cold storage vault. Though common practice in capital markets, today's announcement is the first of its kind for the bitcoin space, where exchanges have lost millions to hackers targeting funds in their centralised wallets, or by simply not holding them at all. In a statement, Crypto....
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If you think that diamonds are way too traditional to have on a wedding ring, consider this bitcoin wedding ring instead. The BTC Ring combines 3D printing and bitcoin technology in creating personalized jewelry that can come with a QR code for your bitcoin wallet address. According to its website, The BTC Ring is the only bitcoin ring that marries real value and design, with a catchphrase "You don't store value in a rock. Store it in a block." Bitcoin Ring Inscriptions. The company says that the real value of a wedding ring or gift lies in knowing how much exactly it is worth. It makes....
The Bitcoin Engagement ring. The BTCring has just announced the launch of the Bitcoin engagement ring. It might not be to everyone's taste but nonetheless, it is certainly a declaration of love. The love that dares to speak its name, the love that can finally be measured by scanning the ring and reading off the BTC. If Marilyn Monroe were around today, she would probably update her repertoire and sing that "bitcoins are a girls best friend." The BTCring goes on to advise potential lovers to: "Leave Those Diamonds in the Rough." They go on to advise that the Bitcoin Engagement ring they....
A Russian payments service is testing a notarization tool based on the bitcoin blockchain as a way to assist in its customer onboarding. The tool, outlined in a blog post from startup Tierion, was developed for Pay-Me.ru, a mobile acquiring firm based in Moscow and founded in 2012. BlockNotary, which developed the app, is a customer of Tierion's, using its technology as the backend for the project. According to the post, the tool would replace an existing process for verifying Pay-Me.ru customers, who are now required to sit for in-person interviews before being shipped the firm's....
Earlier this month, the U.S. Treasury Department sanctioned a ban on Tornado Cash, a crypto privacy tool that mixes funds of different users to hide original source of crypto funds. The authority alleged the mixer firm for helping bad actors to launder more than $7 billion in digital assets since its initiation in 2019. As […]
Just a few days ago, we reported how Kaspersky Labs has been able to crack the CryptXXX decryption code and create a tool which lets users restore file access without paying the Bitcoin ransom. The latest CryptXXX update nullifies this tool entirely, and security researchers are back to square one. RannohDecryptor is the tool Kaspersky Labs has created to let users bypass the Bitcoin ransom after getting infected with CryptXXX. It did not take long for the malware creators to come up with a solution that makes this tool all but useless, and version 3.0 of this ransomware was released a few....