News Bytes Daily Summary for Thursday, April 26th: 17 Millionth Bitcoin Mined, Amazon Traffic Hijacked, Mt. Gox Bitcoin Moved, Ethereum Chain Not to Split, Blockchain Authenticates Diamonds, First Global Blockchain Loan

News Bytes for April 26, 2018

Nexon Korea Denies It’s Acquiring Crypto Exchange Bitstamp

According to a report in the Korea Herald, Nexon Korea CEO Lee Jung-hun on Wednesday said that the company is not involved in discussions to acquire Bitstamp, the world’s 10th-largest cryptocurrency exchange in terms of daily trading volume.
https://blockexplorer.com/news/nexon-korea-denies-acquiring-crypto-exchange-bitstamp/

Today the 17 Millionth Bitcoin Was Mined

Data from Blockchain.info predicts the 17 millionth bitcoin is likely to be mined today.

https://blockchain.info/charts/total-bitcoins

Spoiler: it was. 

Suspicious Event Hijacks Amazon Traffic, Steals Cryptocurrency

Attackers subverted Amazon’s domain-resolution service on Tuesday, and according to an Ars Technica report, “masqueraded as cryptocurrency website MyEtherWallet.com and stole about $150,000 in digital coins from unwitting end users. They may have targeted other Amazon customers as well.”

https://arstechnica.com/information-technology/2018/04/suspicious-event-hijacks-amazon-traffic-for-2-hours-steals-cryptocurrency/

$140 Million Worth of Bitcoin Moved from Mt.Gox Wallet Today

16,000 Bitcoin were transferred out of the defunct Mt. Gox today, sparking speculation the estate’s trustee may liquidate more coins.

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

Jewelry Consortium to Use IBM Blockchain Technology to Authenticate Diamonds

IBM is working with a consortium of gold and diamond companies in the jewelry supply chain to track engagement rings from the mine to the retail shelf via blockchain technology, reports ZDNet.

https://www.zdnet.com/article/jewelry-consortium-to-use-ibm-blockchain-technology-to-verify-authenticate-diamonds-engagement-rings/

First Global Bank Issues Loan Using Blockchain

According to the Financial Times, Banco Bilbao Vizcaya Argentaria (BBVA) is the first global bank to have issued a loan using blockchain.

https://www.ft.com/content/8c5a44e8-4878-11e8-8ae9-4b5ddcca99b3

Parity Technologies Says “No Intention to Split the Ethereum Chain” Over Fund Recovery

As some Parity users continue to remain unable to access their ether as a result of a bug in Parity’s code, the company finds themselves needing to assure users they have no intention of splitting the ethereum chain. “We have all dedicated a great deal of time and effort to developing the ethereum ecosystem and have no intention of harming what we have helped build.”

 

Carlie Fairchild

Carlie Fairchild is the Publisher of Linux Journal. She’s been actively engaged in the Linux community for two decades and is responsible for setting the magazine’s overall direction. Carlie leads a motley team of geeks and journalists to ensure that Linux Journal stays true to its founding ideologies of personal freedom and open-source technical innovation.

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