Cryptocurrency

Blockchain is being adopted by Forex

The foreign exchange market, also known as Forex, is implementing important changes, in this context, the technology Blockchain is being adopted in the Forex market with the intention of providing greater security and privacy to the users. Let’s remember that this is a global market and decentralized traded currencies.

New exchange Forex Blockchain

For several years now, the Forex market has been one of the favorites for traders around the world. Those who take advantage of the speed in which they move the same, to generate profits on a daily basis and in an accelerated manner.

Also the forex market is adding major changes. In this sense, a new exchange in forex, but technology-based Blockchain is out.

It is an initiative of the company Vanguard. This aims to change the risk profile of transactions of foreign exchange (FX) and also take advantage of the technical capabilities of the technology Blockchain. It is as well as Blockchain is being adopted by this market.

Ethereum has been hacked by USD 5.2 million

Recently sent two transactions with a fare massive network of Ethereum. A user managed to spend $ 5.2 million in fees.

This has given rise to much speculation on the part of the community crypto, which reacts quickly when something is up. Other industry observers have speculated that it could be an attempt of money laundering or just a mistake.

It is as well as instantly you have been suspected of a hack. However, there are digital tracks that have been hinting at a possible code or programming flaw, or even just a mistake.

Binance updated platform

The main exchange of the cryptocurrencies in the world, Binance, performed a scheduled update of the system which took approximately two hours.

However, the trading of futures and options Binance not he was affected during the update period. The important improvements in this update included a general improvement of performance and stability of the system.

The exchange reported:

“During the update period, Binance be suspended deposits, withdrawals, cash transactions, and by margin, negotiation, P2P, negotiation of the Portal, OTC, savings and redemption, as well as asset transfers from sub-accounts, margin accounts, accounts of futures and wallets fiduciary”.

In a few lines…

The Spanish authorities have arrested several people in connection with ongoing investigations against child pornography sites controlled by cryptography in the web dark.The developers of blockchain Singapore, Building Cities Beyond, created by a grant from innovation to promote development in its ecosystem.The giant of derivatives of encryption BitMEX has announced that it would launch corporate services to clients in the exchange.

News Blockchain

The voting system based on blockchain of Russia to the constitutional amendments has been attacked through a node election observers.

As reported by the state-run news agency TASS, the attack occurred on the 27th of June.

A representative of the government of Moscow, told TASS that the attack did not cause a malfunction of the system, which means that all votes electronic, shall be recorded with success in the chain of blocks.

According to the official, the cybersecurity experts were working to restore access to the node attacked. It is not clear if it has been repaired for the moment.

Did you like the content? Share it

About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

Do NOT follow this link or you will be banned from the site!