Two Thirds of Korean Crypto Exchanges Fail Government Security Check

Only a third of cryptocurrency exchanges inspected got a full pass in a recent government security audit. The Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance inspected a total of 21 crypto exchanges from September to December 2018, examining 85 different security aspects. Notably, only 7 of them – Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea – cleared all the tests, CoinDesk Korea reported Thursday. The remaining 14 exchanges are “vulnerable to hacking attacks at all times because of poor…

What Crypto Winter? Blockchain Developers are Still Making a Killing

Blockchain developers are now earning more than they were six months ago, according to a survey-based report by Computer World. In the course of the last six months, the annual pay for blockchain developers in the highest bracket increased by over US$4,000, as per the survey which was conducted by management consulting firm Janco Associates. The median annual pay for blockchain developers is also considerably higher than that of other software developers at US$132,000. Experienced developers earn even more – US$176,000 – especially when they change employers. Top of the…

Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology

A Pakistani financial institution has rolled out a cross-border remittance service based on blockchain technology developed by Alibaba affiliate, Alipay. Telenor Microfinance Bank and Malaysian fintech firm Valyou have partnered to offer the service to that will operate between Malaysia and Pakistan. The service is expected to enhance the efficiency and speed of remittances from the former to the latter. Additionally, Pakistan’s first blockchain-based remittance service will eliminate intermediary costs making it cheaper to send money. Users will also be able to track the remittances at ‘every step of the…

Bitcoiner 2029: Another Ten Years On

The following is an imaginative, fictitious account of what the world could look like in 2029 and how Bitcoin might evolve to revolutionize economic, monetary and free-market systems. Unfortunately, time machines haven’t been invented in this speculative future so we couldn’t verify the accuracy of the narrator’s experience — please take the following story with a healthy grain of idealistic salt. As I walked out on the tarmac, the West Coast winter climate, brisk and sharp, broke over me. The sun set over the west bay in a splendor of…