Blockchain technology news

Following an unprecedented uproar caused by the blockchain systems, countless trends are leading to a broad-spectrum shutdown of this technology. Without fast democratization within the market, your future may be at risk of blockchain-absent asset management.

LG Uplus Corp, a South Korean cellular carrier owned by LG Corporation, Korea's fourth-biggest conglomerate and parent firm of LG Electronics, is trying to launch a cross-carrier Blockchain-based payments service for all overseas travellers.

Today we are living in a world full of technology and digital attributes. Cryptocurrencies and various tokens are essential to the development of new business and financial platforms. They also have a great influence on the different economic systems of the world.

In the Ontario province of Canada, there is a town known as Midland with a population of over 16,000 people. Recently, its computer systems have been hacked and infected with deadly ransom malware.

Analyzing the overall summer performance, we see the drastically falling market. Over the three month period, it had declined by $106 billion, Bitcoin exceeded $8,000 and then dropped below $6,000 while most altcoins decreased to their annual minimum. In fact, the cryptocurrency market lost 36% of the price over the 11 weeks and returned to the November’s lowest. Still, the decline is not an obstacle for projects that are developing the products and achieving the milestones set on the roadmap. Especially when they are largely supported by the global crypto community. The Noah Project is among such companies.

Terrorist groups including Islamic State, Al-Qaeda and many others have fruitlessly tried to collect money via Cryptos such as Bitcoin and Ethereum, an ex CIA analyst told Congress on September 7, as per Forbes.

Malware which targets Crypto ATMs is being sold on secret platforms and enables users to illegally steal up to $6,750 in Bitcoin per day.

There is a lot of hope among the Millennials about the chances of crypto being recognized widely, and almost half of those who believe this would choose using crypto over the U.S dollar, according to a recently carried out consumer survey on consciousness of and attitudes about crypto.

Beyond Cryptos, Blockchain is making waves as a pipeline for transactions. China perhaps is in the news amid degradations on trading. There are several initiatives from financial institutions such as banks in China to use Blockchain technology to exchange assets.