The Russian National Settlement Depository (NSD) published a report on the use of blockchain technologies in Russia and in the world, as well as on further ways of its implementation. NSD Report by ForkLog on Scribd The document states that the main problems of blockchain systems remain insufficient security and the complexity of the interaction of various blockchain platforms. Separately, researchers identified the problem of performance and scalability. NSD notes that the issue […]
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The head of the largest social network Facebook Mark Zuckerberg will testify before the Committee on financial services of the US House of Representatives. This was reported on the website of the department. Hearings on “studying the impact of Facebook on financial services and housing” will be held on October 23. Zuckerberg will be the only witness to them. In July, the head of the financial services committee, Maxim Waters, demanded to suspend […]
A German programmer hacked the Muhstik ransomware virus distributor server after paying 0.09 BTC to restore access to files. In a message on the Bleeping Computer forum, Tobias Fromel, under the nickname battleck, wrote that he managed to get the entire database of encryption keys and a decryptor program, which he posted free of charge to the network for 2858 victims of the attacker. Fromel […]
The Russian Association of Cryptocurrencies and Blockchain (RACIB) and the Commission for the Legal Support of the Digital Economy of the Moscow branch of the Association of Lawyers of Russia (MO AYUR) have introduced a tool that allows you to determine the value of a digital asset by the weighted average value of its rate per day. The system is proposed to be used in law enforcement practice, as well as for official business transactions and tax calculation. ForkLog found out what are the implications for […]
The current Executive Vice President of the European Commission for Financial Services and Economics Valdis Dombrovskis promised, in the event of his re-election to this position, to introduce new rules for regulating the cryptocurrency industry. It is reported by Reuters. According to him, in light of the threat posed by financial stability to the digital currency Libra from Facebook, Europe needs a unified approach to cryptocurrencies. New rules will be, […]
The president of Norilsk Nickel, Vladimir Potanin, called bitcoin “a useful souvenir” and said that his company was in discussion with the Central Bank of the Russian Federation on the tokenization of various assets. According to CoinDesk, Potanin enthusiastically looks at the future of asset-backed tokens, similar to the one that Norilsk Nickel is preparing. In his opinion, their usefulness goes beyond speculative value. Cryptocurrencies, however, Potanin is not too […]
PayPal, an electronic payment system operator, has officially confirmed its refusal to participate in the Libra digital currency project, which is being developed by the social network Facebook. A statement to withdraw from the Libra Association was distributed by PayPal on Friday, October 4. The company did not name the reasons for the refusal to participate in the project, noting only that it intends to continue to focus “on promoting the current mission […]
Avast researchers have discovered a banking virus that has infected more than 800 thousand Android devices of Russian users. According to preliminary data, attackers could control millions of rubles in the bank accounts of Russians. The virus called Geost has been operating since 2016 and represents a complex infrastructure of infected smartphones. Attackers edit the code of applications from Google Play, and then upload to third-party stores for […]
Cryptocurrencies cannot be regulated by analogy with money or existing financial instruments. This was stated in an interview for the YouTube channel “Russian Norms!” By one of the initiators of the creation of the Belarusian High-Tech Park (HTP), investor of the Currency.com cryptocurrency exchange and founder of VP Capital, Viktor Prokopenya. “Cryptocurrencies are a new phenomenon, a new story. And under it you need to write your own rules with […]
The upcoming Ethereum network update called Istanbul will lead to disruptions in many decentralized applications (dApps). This opinion in a conversation with CoinDesk was expressed by the technical director of Aragon One Jorge Ischierdo. In particular, he said, the work of about 680 smart contracts involved to manage dApps on the Ethereum blockchain in the Aragon infrastructure will be disrupted. “Until that time, decentralized organizations (DAO) […]