Deloitte Launches Blockchain Lab in New York in a ‘Make-or-Break’ Year

Deloitte Launches Blockchain Lab in New York in a ‘Make-or-Break’ Year Deloitte, one of the “Big Four” accounting firms is launching an exclusive blockchain lab in New York’s Wall Street district to research and develop financial blockchain-based solutions. Calling 2017 the ‘make-or-break’ year for blockchain technology, the lab’s focus will look toward creating “ready-to-integrate” solutions…

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A Los Angeles Community College Paid $28,000 in Bitcoin to Ransomware Extortionists

A Los Angeles Community College Paid $28,000 in Bitcoin to Ransomware Extortionists The Los Angeles Community College District (LACCD) has confirmed a payment of $28,000 in bitcoin toward cybercriminals wielding ransomware. The Los Angeles Valley College (LAVC) was targeted by the extortionists, who successfully encrypted the college’s email systems, voicemail and computer networks. First detected…

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Bitcoin Executive Balaji Srinivasan Meets Trump For FDA Job

Bitcoin Executive Balaji Srinivasan Meets Trump For FDA Job President-elect Donald Trump has met bitcoin startup 21 Inc CEO Balaji S. Srinivasan, one of two contenders to lead the Food and Drug Administration (FDA). Balaji Srinivasan The surprising announcement came unexpectedly to both technology and bitcoin communities, mostly because of his contributions to Silicon Valley and…

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Nigerians Oppose SEC Warning Over Cryptocurrency Investment

Nigerians Oppose SEC Warning Over Cryptocurrency Investment Cryptocurrency users in Nigeria are reacting to the public notice by the Securities and Exchange Commission of Nigeria (SEC), opposing the approach, tone and content of its warning to the public on cryptocurrency investment. What was the announcement about? The Securities and Exchange Commission of Nigeria, SEC issued…

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Bitcoin is Becoming a De Facto World Currency

Bitcoin is Becoming a De Facto World Currency Bitcoin is Gearing Up to be a World Reserve Currency The People’s Bank of China Recently, The People’s Bank of China added to Bitcoin’s credibility by meeting with the executives of the largest Bitcoin exchange platform in China. In effect, officials from The People’s Bank of China…

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