Connect with us

News

Data of 900 thousand clients of Russian banks hit the open access

Personal data of the clients of Russian OTP Bank, Alfa Bank and HCF Bank were freely available, Kommersant reports. Thus, the network got the names, phone numbers, passport data and information about the place of work of more than 900 thousand users. The database contains information about 55 thousand clients of Alfa-Bank, the database of clients of OTP-Bank – about 800 thousand people, and HKF-Bank – about […]

Published

on

Personal data of the clients of Russian OTP Bank, Alfa Bank and HCF Bank were freely available, Kommersant reports. Thus, the network got the names, phone numbers, passport data and information about the place of work of more than 900 thousand users.

The database contains information about 55 thousand clients of Alfa-Bank, the database of clients of OTP-Bank – about 800 thousand people, and HCF-Bank – about more than 24 thousand customers. Some information was collected in 2013, however, according to media reports, most of the data remain relevant.

The data leaked to the network as employees of private companies, and information about 500 police officers and 40 officers of the FSB.

Note, Bitcoin and other cryptocurrencies have emerged as a kind of response to banks, which are characterized by high commissions, lack of transparency of policies and other abuses.

To carry out operations with cryptocurrencies, there is no need to provide personal data, as required by traditional financial institutions. In addition, transactions can be performed confidentially, bypassing the all-seeing eye of the authorities.

The increased anonymity of many cryptocurrencies provides a higher degree of security of personal data, and therefore minimizes the possibility of their leakage. It is noteworthy that it is precisely this feature of digital assets that often becomes the object of criticism from banks and regulators.

Recall, BlockchainJournal has already discussed in detail the relationship between traditional financial institutions and cryptocurrency companies in a separate article .

Subscribe to BlockchainJournal on YouTube !

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

News

Wells Fargo will launch stablecoin for internal settlements

Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise. According to a press release, Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens). The company has already tested the concept on transfers from the USA to Canada. The launch of the project is scheduled for 2020 […]

Published

on

Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise.

According to a press release , Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens).

The company has already tested the concept on transfers from the USA to Canada.

The launch of the project is scheduled for 2020. Wells Fargo Digital Cash will initially provide dollar payments, but then add support for other currencies.

Recall that previously the largest US financial holding company JPMorgan developed its own stablecoin JPMCoin for making international payments to large customers.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading

News

Wells Fargo is going to present its own stablecoin in 2020

Published

on

Wells Fargo, the fourth largest bank in the US, plans to introduce its own stablecoin in 2020, which will be used in cross-border transfers.

The press release said that the new Wells Fargo platform will create an international payment network based on distributed ledger technology. With the help of this system, as well as the Wells Fargo Digital Cash asset, payments will be made. The stablecoin being developed will be pegged to the US dollar. Initially, the network will be used for internal calculations, after which it will be integrated with other applications.

Lisa Fraser, representative of Wells Fagro, noted that DLT technology has many options for use, the company believes that it can also be successfully applied in banking. In addition, Wells Fargo Digital Cash is expected to enable the company to overcome barriers that still hindered effective cross-border payments in real time.

As you can see Wells Fargo followed the example of the bank JPMorgan Chase, which also introduced its own digital currency. It is noteworthy that back in July, Wells Fargo forbade customers to use credit cards to purchase cryptocurrency and its use in transactions.

Continue Reading

News

In the Bitcoin blockchain, a record of the network hashrate and the share of SegWit transactions

Published

on

is set

The volume of computing power in the Bitcoin blockchain this Monday reached a record value above 104 quintillion per second, according to Smartbit portal data.

The record was fixed after approaching the level of 100 EH / s last week and the subsequent small rollback. Before the current growth period, which began in December and accelerated in June, the previous maximum was fixed at 60 EH / s in October 2018.

As noted earlier, over the past three months , about 600,000 new ASIC miners have joined the Bitcoin network, which has led to a rapid increase in the hash rate .

Last week, another message appeared that the authorities of one of the provinces of China are taking measures to close mining enterprises on their territory.

Also today, transactionfee portal announced another record – the share of transactions in the Bitcoin blockchain using Segregated Witness (SegWit) technology for the first time exceeded 50%.

On the main Bitcoin network, SegWit was activated on August 24, 2017. The technology is aimed at solving the problems of blockchain scalability, transaction plasticity, and also allows you to implement other optimizations. After the jump to 38% last May, the spread of SegWit slowed down and until recently ranged from 40-45%.

Casa Bitcoin developer and CTO Jameson Lopp previously spoke of the proliferation of technology that responded to the congestion of the cryptocurrency network:

"Reducing the demand for transactions, improving algorithms for calculating commissions, distributing SegWit and grouping transactions have led to more efficient use of space in blocks and reduced competition for this scarce resource."

At the same time, the price of the leading cryptocurrency , having shown a steady rise in the first half of the year, has remained in a fairly narrow range over the past months and amounts to about $ 10,000.

Publication date 09/17/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$10,215.56
0.00%
Ethereum (ETH)
$212.34
8.13%
XRP (XRP)
$0.301995
16.23%
Bitcoin Cash (BCH)
$324.05
6.04%
EOS (EOS)
$4.10
1.68%
Stellar (XLM)
$0.065298
11.87%
Litecoin (LTC)
$75.91
4.86%
Cardano (ADA)
$0.050802
7.94%
Tether (USDT)
$1.00
-0.17%
Monero (XMR)
$74.75
0.15%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news