Blockchain 

TZero-Backed Startup Wants to Launch Security Token Market

Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange Commission (SEC) to approve the launch of a market for publicly traded registered security tokens. In the rule change proposal released by the SEC on Oct. 11, BOX asks the commission to “adopt rules to govern the trading of equity securities on the Exchange” which “would operate a fully automated, price/time priority execution system for the trading of ‘security tokens.’” Establishing…

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Blockchain 

Leading Japanese Firms Form Security Token Offering Association

Leading Japanese companies are forming a regulatory association for security token offerings (STO). On Sept. 30, the Nikkei Asian Review reported that firms such as SBI Securities, Nomura Securities, Monex Group and Daiwa Securities Group are part of the STO association that will propose a new set of rules and seek approval from the country’s financial watchdog organization, the Financial Services Agency. STO’s are set to become a new way of raising capital in Japan as early as next April when a legal change will make them an option for…

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Blockchain 

US Department of Homeland Security Awards $143K Grant to Blockchain Firm

The United States Department of Homeland Security (DHS) has awarded $143,478 to Vienna-based Danube Tech to develop blockchain security solutions. Silicon Valley Innovation Program On Sept. 26, the United States DHS Science and Technology Directorate (S&T) announced in a press release that Danube Tech was awarded a contract to assist the department in its ongoing fight against forgery and the counterfeiting of certificates and licenses.  The news release states that services such as U.S. Customs and Border Protection (CBP), the Transportation Security Administration, and Citizenship and Immigration Services can all…

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Bitcoin 

BitPay Undergoes Security and Confidentiality Certification Audit

Major cryptocurrency payment services provider BitPay has undergone a security and confidentiality compliance review, the Service Organization Control 2 (SOC 2). Per a Sept. 30 press release, business advisory company Aprio confirmed BitPay’s compliance with the SOC 2, a tech audit and a requirement for technology companies that assures that customers’ personal data is kept secure and confidential. Passing an SOC 2 review means that the firm has met criteria set by the American Institute of Certified Public Accountants in regard to confidentiality, security, privacy, processing integrity and availability. Commenting…

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Bitcoin 

Binance Seals Accreditation From Global Security Standards Organization

Cryptocurrency exchange Binance has been awarded an internationally recognized security accreditation, ISO/IEC 27001, following two external audits of its information security systems. The exchange shared news of its accreditation in an official tweet on Sept. 23. Two external audits to secure the accreditation The ISO/IEC 27001 standard that underpins Binance’s new accreditation is the international standard that provides the specification for information security management systems (ISMS). The technology-neutral standard is designed to assist organizations in managing their information security processes in line with international best practices. To be evaluated for…

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Bitcoin 

New Bitcoin Wallet-Focused Trojan Uncovered by Security Researchers

A new Remote Access Trojan (RAT) malware that steals Bitcoin (BTC) wallet data has been discovered by security researchers, according to a Sept. 12 report from Zscaler ThreatLabZ.   The RAT, dubbed InnfiRAT, is designed to perform a wide range of tasks on the infected machines, including specifically seeking out Bitcoin and Litecoin (LTC) wallet data. A multi-pronged attack on infected systems As the researchers note, InnfiRAT is written in .NET, a software framework developed by Microsoft and used to develop a wide range of applications.  The malware is designed to…

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Cryptocurrency 

International Central Banks to Question Libra Over Security Concerns

Libra, the planned cryptocurrency led by Facebook, is to be questioned by officials from 26 central banks in Switzerland today. Representatives from the heavily scrutinized project will face a grilling by officials from central banks, including the US Federal Reserve and the Bank of England, over the cryptocurrency’s “scope and design.” Since being announced in June, Libra has come in for significant perusal from government officials and regulators around the world due to concerns regarding the security of the Facebook-led coin. Libra to Be Blocked in Europe? Today’s meeting of the…

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Blockchain 

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, “with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges.” The release states: “Fireblocks, an enterprise platform for securing digital assets in transit, announced today five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global’s…

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Blockchain 

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain developer Hexlant to develop a blockchain security system.  Per the report, the deal will see the institution’s partners jointly develop a Private Key Management System for its banking services. Ground X is the blockchain unit of South…

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Blockchain 

TZERO Officially Launches Public Security Token Trading оn Schedule

Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly participate in the company’s revenue growth via a quarterly dividend model.  The announcement further states that the company could distribute a quarterly dividend of 10% of the company’s adjusted gross revenue for TZROP holders. However,…

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