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Report: North Korea to Hold a Crypto Conference

August 25, 2018 |

Report: North Korea to Hold a Crypto Conference

North Korea is reportedly planning to hold a conference devoted to blockchain technologies and cryptocurrencies. The event, said to have been scheduled to take place in October, is expected to bring experts from around the world who will meet representatives of North Korean enterprises.    

Also read: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

DPRK’s First International Crypto Event?

Report: North Korea to Hold a Crypto ConferenceThe Democratic People’s Republic of North Korea (DPRK), the hermit communist state that suffers from bad publicity in the crypto space, is organizing a cryptocurrency and blockchain conference in Pyongyang in October. This is according to a report by the U.S.-based Radio Free Asia (RFA) quoted by the South Korean Yonhap news agency.

The first Korean International Blockchain Conference will be a two-day event in the capital city of the DPRK, starting on October 1. According to the report, the conference will bring together experts in the field from around the world. Participants are also expected to hold meetings with representatives of the North Korean state-run entities on October 3.

Speaking on condition of anonymity, a security expert told the radio station that North Korea appears to be trying to show off its capabilities when it comes to cutting-edge crypto and blockchain technologies.

New Hacking Allegations May Overshadow the Conference

Report: North Korea to Hold a Crypto ConferenceThe news about the upcoming Pyongyang event comes after another report implicating the communist regime of exploiting digital security weaknesses in the West to acquire crypto capital through illicit means. Lazarus Group, a cybercrime syndicate often associated with North Korea, has deployed new malware adapted to infect multiple operating systems.

Researchers at the cyber security firm Kaspersky claim the presumed North Korean hackers have recently initiated a new campaign named “Applejeus” using a trojan called Fallchill. The cryptocurrency-stealing software was discovered after it penetrated the IT systems of an unnamed cryptocurrency exchange based in Asia.

The attack took place after one of the platform’s employees downloaded an infected crypto trading application from a legitimate-looking website. The experts found that the Fallchill trojan had been redesigned to target not only Windows PCs but also macOS devices and possibly Linux machines.

North Korea’s Crypto Dossier

Report: North Korea to Hold a Crypto ConferenceThis is not the first time the DPRK is accused of attempting to get hold of stolen cryptocurrency. In March, former NSA official and cyber security expert for the Asia-Pacific region, Priscilla Moriuchi, said the North had obtained at least 11,000 bitcoins (BTC) through mining and hacking in 2017. At the time the value of the crypto fortune was estimated at over $ 200 million USD.

Last year the notorious Lazarus Group was implicated in attacks on South Korean cryptocurrency exchanges. According to intelligence sources in Seoul, North Korean hackers have been involved in the cyberattack on Bithumb, the country’s largest crypto trading platform, which compromised personal data of more than 30,000 users.

Forced to deal with limited access to the global financial system, Pyongyang has been trying to also take advantage of the opportunities that come with cryptocurrencies in terms of unrestricted and anonymous transactions. The seriousness of the intentions of Kim Jong-un’s regime to develop the country’s potential in the space were confirmed by reports that Pyongyang University is conducting crypto courses.

What do you think about North Korea hosting a crypto-blockchain conference? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post Report: North Korea to Hold a Crypto Conference appeared first on Bitcoin News.

Bitcoin News

Canaan Unveils 7nm Chip Equipped Miner at Press Conference

August 9, 2018 |

Canaan Unveils 7nm Chip Equipped Miner at Press Conference

At a recent press conference, the world’s second largest manufacturer of bitcoin mining rigs, Canaan Creative, revealed four new products. In addition to the recently reported bitcoin mining television set, the company will launch a 7nm chip-equipped 30T Avalonminer A9, a Litecoin Avalonminer, and a household heater miner.

Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

Canaan Creative Celebrates Development of 7nm Chip Equipped Miner

Canaan Unveils 7nm Chip Equipped Miner at Press ConferenceAt a press conference in Hangzhou held on the 8th of August, Canaan Creative unveiled what it claims is the world’s first 7nm mining chip.

According to Weixin, the Secretary-General of the Zhejiang Semiconductor Industry Association, Mr. Chen Guanglei, described the development of the 7nm chip “giving the Zhejiang semiconductor industry an opportunity to lead the world.”

Canaan also announced that it will be releasing the world’s first mass producer miner featuring the 7nm chips, the Avalonminer A9. The company claims that the A9 is has a performance of between 60w and 70w per terahash and a hash rate of between 26.5 and 30 terahashes per second.

Public affairs director, Jianan Yun Chi Tu Songhua, stated: “The 7nm chip is known as the global leader in blockchain repetitive computing. The world’s first 7nm mass production chip was born in Jianan, which is the power of technology and the strength of the team. The chip has the industry’s highest computing density, lower cost and greater capacity, low power consumption, high temperature and high yield.”

Mining Appliances Set to Start “Smart Home AI Era”

Canaan Unveils 7nm Chip Equipped Miner at Press ConferenceCanaan discussed three other upcoming products, including the Avalonminer L – a Litecoin with a performance of 0.84w per megahash and a total hashing power of 1,891 megahashes.

The company also showcased its upcoming bitcoin mining television set, the Avaloninside – which will feature A3210 16nm ASIC chip producing a hash rate of 2.8 terahashes per second and consume 100w per terahash.

According to Luo Yanqiang, “The principle is to use the traditional home appliances in the process of use, participate in the blockchain calculation, for the future implementation of household cloud computing for household appliances, and gradually form the basis of the smart home AI era.”

Additionally, the company will introduce to its product range a household heater that mines cryptocurrency.

What is your response to Canaan Creative’s upcoming products? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Canaan Unveils 7nm Chip Equipped Miner at Press Conference appeared first on Bitcoin News.

Bitcoin News

PR: Bringing the Blockchain Conference and Luxury Cruising Together – Coinsbank’s 3rd Blockchain Cruise

July 27, 2018 |

Bringing the Blockchain Conference and Luxury Cruising Together - Coinsbank’s 3rd Blockchain Cruise

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

If you thought blockchain events were all skinny men in dark, dusty rooms, think again. Coinsbanks is once more bringing luxury travel and blockchain together on Coinsbank’s third Blockchain Cruise from September 7-11th, 2018. The cruise, which has previously sailed the crystal waters of the Caribbean and the Indian Ocean, this time takes passengers to the ultimate Old World summer destinations – the vessel departs exciting Barcelona, makes stops in glamorous Monte Carlo and of course, tops it off with a beach party in the destination to end all beach parties, Ibiza, before making its way back to Monte Carlo. Passengers can also rest easy at the height of glamour knowing that Coinsbank has spared no expense and the entire vessel is reserved for the cruise.

There will, however, be more than champagne and sunbathing aboard. A much more valuable opportunity presents itself – a direct chance to engage and make connections with leading influencers in blockchain. Over 100 speakers will attend, along with hundreds of industry professionals, renowned thinkers, and blockchain enthusiasts from all over the world. Some of the most notable speakers include a return appearance from John Mcafee, security software tycoon turned crypto hustler, Roger Ver, CEO of Bitcoin.com, and Bobby Lee, co-founder of BTCC and board member of Bitcoin Foundation. Appearances will also be made by:

Travis Wright, co-host of the Bad Crypto Podcast
Tone Vays, Blockchain Consultant/Researcher/Derivatives trader
Taavi Roivas, former Prime Minister of Estonia
Olga Feldmeier, CEO of Smart Valor
Naeem Aslam, FX Columnist at Forbes
Maria Jones, VP at Cointelegraph
Giacomo Zucco, Director at BHB.Network
Bruce Porter, Chairman and CEO of GlobalBoost

Aside from providing luxurious sun and fun for its crypto-minded guests, CoinsBank aims to accelerate the growth of the blockchain community by facilitating the formation of meaningful relationships between industry members. Passengers will have plenty of opportunities to bond and make connection both onboard and on land through activities and shore excursions, and listen to speakers discuss relevant and useful topics such as emerging cryptocurrencies and their effect on current leading cryptocurrencies, expert predictions about the future of blockchain, and tools and techniques for trading digital assets. This is an excellent networking opportunity as well as a chance to gain new and exciting knowledge and strategies in blockchain.

But all work and no play makes even the technology of the future dull, and Coinsbank has packed the cruise with entertainment outside of the disembarkation ports. Onboard, guests will be delighted by scrumptious dinners, a nightly spectacular show, parties on the Pool Deck and 24 hour open bar reception. As if that weren’t enough, an unforgettable sunset BBQ party in the style of the legendary Cafe Del Mar, with celebrities and world-famous DJs, awaits guests in beautiful Ibiza. It’s guests’ last day together – so plan to party hard until you see the sun rise! The cruise then makes its way back to sunny Barcelona, where guests can disembark and go get some delicious tapas with all their newfound blockchain friends.

The Coinsbank Blockchain Cruise is a must-do for all blockchain leaders, forward thinkers, and enthusiasts who want to combine a luxury vacation with an unbelievable business opportunity.

Coinsbank is pleased to invite the public to the Coinsbank Blockchain Mediterranean Cruise, September 7-11th, 2018.

Learn more about the event, program, accommodations, and find tickets and pricing on the official
website: https://coinsbank.com/cruise-europe

Contact Email Address
cruise@coinsbank.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Bringing the Blockchain Conference and Luxury Cruising Together – Coinsbank’s 3rd Blockchain Cruise appeared first on Bitcoin News.

Bitcoin News

The Conference Call That Shook Investor Faith in Facebook

July 26, 2018 |

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.
WSJ.com: US Business

Trump: ‘Many People … Loved My Press Conference’

July 18, 2018 |

In the wake of President Trump’s Monday press conference in Helsinki with Vladimir Putin, some current and former figures in the intelligence community condemned his remarks . But other people lavished praise, at least according to the president, who on Wednesday tweeted , “So many people at the higher ends of intelligence…
Newser

Highlights of Trump-Putin News Conference

July 16, 2018 |

President Trump and Vladimir Putin met for two hours Monday—about 30 minutes longer than allotted—and both emerged afterward sounding dismissive about allegations that Russia meddled in the 2016 election. Some highlights: Putin denial: The Russian president dismissed the notion of “so-called Russian interference” in the election. “I had…
Newser

Trump, Putin speak at joint press conference in Helsinki — live blog

July 16, 2018 |

President Trump and Russian President Valdimir Putin held a joint press conference Monday following a historic bilateral meeting in Helsinki, Finland.
FOX News

Papa John’s founder reportedly used racial slur in conference call

July 11, 2018 |

A media agency working with Papa John’s International Inc. decided to cut ties after the pizza maker’s founder and chairman, John Schnatter, allegedly used a racial slur and graphic descriptions of violence against minorities on a May conference call, according to Forbes.

Papa John’s and the agency,…


L.A. Times – Business

TMZ

Logan Paul and KSI Go Face-to-Face at Super Fight News Conference (Live Stream)

June 16, 2018 |

Logan Paul and KSI are officially going full Mayweather vs. McGregor today in L.A. … and TMZ is live streaming so you won’t miss a single insult from the bros as they promote their upcoming bout. The YouTube superstars will be taking shots at…

TMZ.com