Bitcoin Guru

One thing people seem to be confused about is what will happen if someone loses their Bitcoin balance due to a theft. Keeping in mind how the digital currency is not an official currency, it is always possible to file a report with one’s local police department. But whether or not they will investigate the matter, remains to be seen. Proving ownership of stolen coins is not all that hard, but the technical aspects are a mystery to law enforcement in most regions. Bitcoin Theft Is A Crime First and foremost, stealing someone else’s Bitcoin balance is an obvious theft. You take money that doesn’t belong to you by any means and defraud another person in this world. Even though many people assume Bitcoin is anonymous, it is rather easy to see where the funds are being transferred to. Granted, there is no direct link between somebody’s identity and their Bitcoin wallet address, but that doesn’t make the popular digital currency anonymous all of a sudden. The main issue arises when peopl...

Crowdaura has now been officially accepted into the Microsoft Ventures Accelerator program as part of the London 2016 cohort. Crowdaura is one of the first blockchain startups to be accepted into this competitive accelerator program. One of the key reasons for being accepted was that Crowdaura is not built around being a Blockchain company, but a financial services company where Blockchain just makes up one aspect of its technology stack. This news comes on the back of Crowdaura also being accepted into the Accenture Fintech Innovation Lab on Level 39 in London’s Canary Wharf, through which it has been engaging with a number of investment banks to identify and explore viable use cases for proof of concept and production projects. Crowdaura’s CEO has highlighted that being in both the Microsoft and Accenture programs will be beneficial for its early clients as it will be able to leverage the technology resources of Microsoft and enterprise technology integration/execution expertis...

With so many different banks focusing their attention on the mobile space right now, proper security measures will need to be implemented sooner rather than later. Instead of trying to develop additional layers in-house, several banks are outsourcing the security aspect of their mobile apps, which is what FirstBank is doing through Entersekt. Third parties stacking on top of third parties makes it hard to see who will be responsible for the loss of funds if something goes wrong, and this lack of transparency could be a critical issue. FirstBank and Entersekt Join Forces Multi-factor authentication is a major factor in bringing additional security features to the mobile banking sector. Entersekt is a company specializing in authentication protocols, and their Transakt product will be used to enhance the safety of the mobile banking app provided by FirstBank. FirstBank is not one of the major US banks by any means, as they are only in operation in Colorado, Arizona, and California ...

With the multitude of Bitcoin-related trading platforms in existence, it becomes increasingly easy to get involved in the world of digital currency. Especially US citizens seem to have a leg up over their European and Asian counterparts n that regard, but that situation is slowly starting to change. Crypto Facilities will no longer service any of their US customers as of tomorrow. Crypto Facilities Offers Various Digital Asset Tools People who have been active in the world of trading, hedging, and insuring digital assets may have heard of the name Crypto Facilities before. This company has been making a name for itself in the digital currency world by focusing a lot of their attention on Bitcoin and the blockchain. But that is not all, as the team wanted to provide client protection and transparency to all of their users as well. Thanks to a strategic partnership with KPMG-accredited blockchain security firm Elliptic, Crypto Facilities has been able to to insure all client acco...