Blockchain 

Will Blockchain Stop Personal Data Leaks?

If you are one of the 2.4 billion active Facebook users, the probability that your data has been leaked is around 17%, given the recent news of 419 million accounts being exposed. This means that, unless something changes, every sixth active user could lose control over their personal data. Again and again, no matter the government or the company managing personal data or how secure their systems are, personal data leaks happen all the time. But what are the fundamental problems of centralization and how can we rescue our data…

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Blockchain 

Harmony to Scale Samsung Wallet-Supported Blockchain Health Data App

Blockchain network Harmony teamed up with a Lithuanian blockchain-powered health app firm to enable fast and secure health data sharing. According to a press release shared with Cointelegraph on Sept. 12, Harmony partnered with Lympo, a company developing an incentivizing platform for healthy lifestyle activities like walking or running, in order to boost the platform’s scalability. LYM tokens supported by Samsung Blockchain wallet Specifically, the Lympo app rewards users with LYM tokens for completing various daily challenges and allows spending the tokens to buy sports goods, gadgets and other products,…

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Bitcoin 

Bitcoin Is Using Less Energy Despite Record Hash Rate, New Data Shows

Bitcoin (BTC) energy consumption is becoming rapidly more efficient, new data shows as hash rate continues to hit record highs. Record hash rate with less power Data from aggregator Statista accessed on Sept. 5 showed that despite more computing power being dedicated to Bitcoin mining, less electricity is required to fuel it.  According to one chart, energy consumption as of July was 69.79 terawatt hours per year. In July 2018, the figure was 71.12 terawatts, while hash rate was almost 60% lower than at present.  Bitcoin annual electricity consumption. Source:…

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Blockchain 

Mercedes-Benz in China Joins PlatOn for Blockchain Used Car Data

Blockchain solutions company PlatOn has created a platform for storing data and calculating the price of used business cars at Beijing Mercedes-Benz Sales Service (BMBS). Calculating and monitoring car price PlatOn shared the news with Cointelegraph on Aug. 29. According to the announcement, PlatON’s blockchain-based Vehicle Residual Value Management Platform can store both static and dynamic data, which will be used to automatically calculate the residual value of registered vehicles over time.  Additionally, the Vehicle Residual Value Management Platform will reportedly be open to the used car market, including entities…

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Blockchain 

US Air Force Partners With Blockchain Big Data Management Platform

The United States Air Force (USAF) partnered with blockchain big data management startup Constellation. According to a Constellation press release published on Aug. 27, the startup signed a working contract with the USAF. The U.S. Air Force better explains the scope of the partnership in the following statement: “Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research process in an attempt to speed up the experience, broaden the pool of potential applicants and decrease bureaucratic overhead.” “A big need within the defense apparatus” VP…

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Bitcoin 

Bitcoin Returns Have Dwarfed Every Tech IPO Since 2010, New Data Shows

Bitcoin’s performance has outstripped mainstream investments in internet firms since 2010 by an almost unthinkable factor.  Twitter user Crypto Godfather, CEO of blockchain-focused magazine Block Journal, shared data to corroborate this point on Aug. 27. Bitcoin price has exploded from a few cents to thousands of dollars  The earliest price data for Bitcoin dates back to March 2010, when the industry’s first (and now-defunct) Bitcoin exchange BitcoinMarket.com started its operations.  The coin’s value was just $0.003 — meaning that today’s price point of just over $10,100 represents an astonishing 338,433,233%…

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Bitcoin 

Bitcoin Price Has 7% Chance to Hit $20K by End of 2019, Data Claims

Bitcoin (BTC) price is only 7% likely to hit its previous all-time high of $20,000 before 2020, according to market forecasts. The latest data appearing on social media courtesy of the Twitter analyst known as Skew, highlighted the odds for investors betting on the future Bitcoin price had been slowly decreasing throughout 2019.  According to the data, which came via derivatives platforms LedgerX and Deribit, those chances of a return to $20,000 before the end of the year were 93% unlikely as of Aug. 27.  No expectation of Bitcoin price…

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Bitcoin 

Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows

Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That was just months before the cryptocurrency reached its all-time high of $20,000. “Bitcoin bubble tops are clearly identified with a dark red cluster of Adjusted Binary BDD,” he summarized tweeting a corresponding chart.  He added:…

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Blockchain 

Would Blockchain Better Protect User Data Than FaceApp? Experts Answer

FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking users’ photos from their phones and uploading them to the FaceApp cloud server without explicit permission.  We reached out to experts in security and data privacy from academia, government agencies, startups and more to comment…

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Bitcoin 

19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC

Elliot Gunton, aged 19 and of Mounteney Close in Norwich, pleaded guilty to supplying online personal data and hacking services for cryptocurrency. A hacker for hire A press release published on Aug. 16 by the Norfolk police reports that the man was sentenced to 20 months in prison and ordered to pay back more than £400,000 (over $485,000) by the Norwich Crown court. Per the report, the police seized his laptop in April last year after finding the software which allowed him to commit cybercrimes. The discovery was reportedly made…

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