ConsenSys Exec: Layoffs Did Not Exceed 10 Percent, Mainly Affect Support Staff

Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly…

MIT Professor: Blockchain Can Allow for More Inclusive, Borderless Economy

Blockchain can allow for the creation of a borderless economy, Massachusetts Institute of Technology (MIT) professor Silvio Micali claimed in a interview on Bloomberg’s Daybreak Asia, Jan. 21. Speaking on the show, Micali outlined three major properties of blockchain systems that must function simultaneously to enable a more inclusive and borderless economy — security, decentralization…

Shodan Safari, where hackers heckle the worst devices put on the internet

If you leave something on the internet long enough, someone will hack it. The reality is that many device manufacturers make it far too easy by using default passwords that are widely documented, allowing anyone to log in as “admin” and snoop around. Often, there’s no password at all. Enter “Shodan Safari,” a popular part-game,…

71+ Million User Volunteer Platform to Launch Blockchain-Based DApp

Chinese non-profit Zhiyuan Hui — reportedly the world’s largest volunteer service platform — has announced its partnership with token economy infrastructure firm EveriToken. The news was announced Jan. 12 in an official EveriToken blog post. As of December 2018, Zhiyuan Hui reportedly serves over 430,000 non-profits, and its 71 million users are reported to have…

Swiss Bank Falcon Launches Crypto Wallet With Withdrawals to Fiat

Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21. The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution’s own “segregated Falcon wallets,” as well as…

Google hit with £44m GDPR fine over ads

Image copyright Reuters Google has been fined 50 million euros (£44m) by the French data regulator CNIL, for a breach of the EU’s data protection rules. CNIL said it had levied the record fine for “lack of transparency, inadequate information and lack of valid consent regarding ads personalisation”. The regulator said it judged that people…

Samsung could release three variants of the Galaxy S10

According to a leaked image from Evan Blass, Samsung’s new flagship device could come in three different versions — the Samsung Galaxy S10, the Samsung Galaxy S10+ and the Samsung Galaxy S10E. That new leak lines up with previous leaks. As you can see on the photo, the new devices don’t have a notch. They…

French data protection watchdog fines Google $57 million under the GDPR

The CNIL, the French data protection watchdog, has issued its first GDPR fine of $57 million (€50 million). The regulatory body claims that Google has failed to comply with the General Data Protection Regulation (GDPR) when new Android users set up a new phone and follow Android’s onboarding process. Two nonprofit organizations called ‘None Of…

Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work

Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s block rewards fall to zero — given that only a limited number of new Bitcoin will ever be created…