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(Cited from CoinDesk and Cointelegraph)

Exec Warns $9 Trln Trade Finance Industry Must Go Digital to Combat Fraud, Cites Blockchain

Exec Warns $9 Trln Trade Finance Industry Must Go Digital to Combat Fraud, Cites Blockchain

A top executive at one of Asia’s largest banks says trade finance needs to go digital because forged paper records have become too sophisticated. A senior executive at one of Asia’s biggest banks has said the $9 trillion trade finance industry needs to be digitized in order to tackle fraud, according to a Bloomberg article published on May 5.Ng Chuey Peng, managing director and head of global commodities finance at Singapore’s Oversea-Chinese Banking Corp Ltd. (OCBC), criticized the…

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Facebook Acquires ‘Libra’ Trademark to Work on Its Secretive Cryptocurrency

Facebook Acquires ‘Libra’ Trademark to Work on Its Secretive Cryptocurrency

Social media giant Facebook reportedly acquired the rights to the “Libra” trademark for its secretive cryptocurrency project. Social media giant Facebook acquired the rights to the “Libra” trademark for its secretive cryptocurrency project, crypto news website The Block reported on May 3.The Block claims that a source familiar with the matter confirmed that Facebook is recruiting financial firms to develop its own crypto and that the project’s codename and product name is Libra.Moreover, documents…

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Research: 60% of All Bitcoin Full-Nodes Are Still Vulnerable to Inflation Bug

Research: 60% of All Bitcoin Full-Nodes Are Still Vulnerable to Inflation Bug

60% of bitcoin’s full-nodes are running software still vulnerable to the inflation bug at press time. According to bitcoin (BTC) node stats reported on the website of bitcoin core developer Luke Dashjr, 60.22% of the coin’s full-nodes are running software still vulnerable to the inflation bug at press time.According to the reported data, the software running on 60,101 bitcoin full-nodes is vulnerable to the CVE-2018-17144 bug. As Cointelegraph reported at the end of September…

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