Bitcoin News Mash-Up: Bitcoin Ransom; IBM’s Blockchain Experiments; and More


Bitcoin News Mash-Up: Bitcoin Ransom; IBM’s Blockchain Experiments; and More

Following are the major Bitcoin news of the day

NBI: OP-Pohjola and Danske Bank Were Blackmailed by Hackers

According to a recent report of Finnish National Bureau of Investigation (NBI), hackers behind the recent DDoS attacks on OP-Pohjola and Danske Bank demanded a total of 110 BTC in ransom (an equivalent of 22,000 Euros at that point of time). The banks however refused to entertain the blackmailers. You can read the full story here.

ChangeTip Now Offering Bitcoin Tipping Services on Facebook

Social tipping platform ChangeTip announced to bring its services to Facebook, following which the social network users there will be able to tip their friends and officials in Bitcoin. The landmark announcement brought Bitcoin before Facebook’s 1 billion active users. ChangeTip VP Dan Heid himself recognized this major step as a method to bring more people into the cryptocurrency ecosystem. You can read the full story here.

IBM Experiments with Bitcoin Blockchain Technology

Tech giant IBM recently joined hands with Samsung to experiment with Bitcoin blockchain technology in the context of the Internet-of-Things. The company thus unveiled ADEPT, a system that is being tested on to bring more privacy and stability to decentralized transactions. The company’s draft paper on the new technology read:

“Applying the blockchain concept to the world of [Internet of Things] offers fascinating possibilities.  Right from the time a product completes final assembly, it can be registered by the manufacturer into a universal blockchain representing its beginning of life.  Once sold, a dealer or end customer can register it to a regional blockchain (a community, city or state).”

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With an upbringing rooted in deep ethical values, Yashu Gola knows how to put honesty and dedication into his articles. This young and dynamic financial analyst has done his graduation in IT engineering. His interests in financial writing have once brought him to our digital doorsteps. Since then, he has been an integral part of and writes the most captivating news-articles on the foreign exchange industry, cryptocurrencies, and medical marijuana trading.