Mining Pool of Hyundai-Related Blockchain Platform HDAC Suffers Hack

The mining pool of HDAC, a Korean blockchain-based IoT platform and issuer of the Hyundai-DAC token (DAC), has been hacked. This forced the company to temporarily halt withdrawals, TokenPost reported Thursday, May 24. HDAC’s founder Chung Dae-sun is the nephew of the CEOs of Hyundai Group and Hyundai Motors, the globally renowned car manufacturer. HDAC’s ICO was launched in 2017 […]

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Tel Aviv Stock Exchange Launches Blockchain-Based Securities Lending Platform

The Floor, Tel Aviv’s fintech hub, has announced the release of a new platform in partnership with the Tel Aviv Stock Exchange, Accenture, Hyperledger and Intel, according to an official press release. The platform is called Blockchain Securities Lending, and as the name implies, will utilise blockchain technology for securities lending. It will be the first such platform in the […]

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Using Blockchains For Traditional Financial Transfers

From the moment Bitcoin was released, advocates were quick to point to its ability to enable rapid, inexpensive transfers of fiat between people, institutions, and across borders. Although there is certainly a debate over the extent to which crypto will one day replace centralized fiat, there is no doubt that it is rapidly becoming a medium by which fiat is […]

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SWIFT’s Blockchain Pilot For Bank-To-Bank Transfers Went ‘Extremely Well’

A report by the financial messaging provider SWIFT and 34 global transaction banks that sought to answer the question of how distributed ledger technology (DLT) (Blockchain) Proof of Concept (PoC) can help Nostro account reconciliation has been published today, March 8, with positive results. A Nostro account is a bank’s account in a foreign currency in another bank. Back in […]

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