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Meet the daring detectives sniffing out booby-trapped Bitcoin mines

Jul30
by on July 30, 2018 at 3:00 pm
Posted In: Around the Web, IOT Lab


“We will make electricity so cheap only the rich will burn candles,” Thomas Edison reportedly said during the first public demonstration of his light bulb. Unfortunately, it wasn’t made cheap enough. Annually,  almost $90 billion worth of energy gets stolen worldwide, particularly in India, Brazil, and Russia. In the Netherlands, electricity theft and fraud is nothing new either. While commonly associated with weed farms, the last five years have seen a 20 percent spike in non-weed farm related electricity fraud cases. Among them is a new group of electricity thieves posing a challenge for police and distribution network operators: bitcoin…

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I got a $50 cryptocurrency mystery box 6 months ago, it is worth $13 today

Jul30
by on July 30, 2018 at 12:53 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


At the height of the blockchain rush last year, we saw a new unusual phenomenon crop up: cryptocurrency mystery boxes. The concept was pretty simple. You pay a fee to receive a USB stick loaded with a random selection of cryptocurrencies – five, to be exact. No need to register on exchanges, install wallets, or choose tokens to invest in: you essentially pay extra to avoid this “hassle” and get straight to HODLing. The initiative aimed to raise awareness of blockchain tech and serve as an easy way for rookies to get into cryptocurrencies – and perhaps earn them some…

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Australian bank used blockchain to ship 17,000 kilos of almonds to Germany

Jul30
by on July 30, 2018 at 11:54 am
Posted In: Around the Web, Hard Fork, Insider, Insights


The Commonwealth Bank of Australia announced it has successfully completed a new blockchain-powered trade experiment at a global scale, as spotted by CoinDesk. The bank confirmed it tracked a batch of 17,000 kilograms (approximately 37,000 pounds) of almonds using a private blockchain built on the Ethereum network. The use of blockchain allowed the shipment to be tracked from its source, in Sunraysia in Victoria, Australia, all the way to its delivery in Hamburg, Germany. According to the announcement, CBA partners could check in on the location, temperature, humidity, and other metrics of the shipment at any point in real-time, regardless…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

Australian bank used blockchain to ship 17,000 kilos of almonds to Germany

Jul30
by on July 30, 2018 at 11:54 am
Posted In: Around the Web, Hard Fork, Insider, Insights


The Commonwealth Bank of Australia announced it has successfully completed a new blockchain-powered trade experiment at a global scale, as spotted by CoinDesk. The bank confirmed it tracked a batch of 17,000 kilograms (approximately 37,000 pounds) of almonds using a private blockchain built on the Ethereum network. The use of blockchain allowed the shipment to be tracked from its source, in Sunraysia in Victoria, Australia, all the way to its delivery in Hamburg, Germany. According to the announcement, CBA partners could check in on the location, temperature, humidity, and other metrics of the shipment at any point in real-time, regardless…

This story continues at The Next Web

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