New Jersey Signs Blockchain Task Force Program Into Law

Blockchain implementation research is coming to New Jersey. Governor Phil Murphy signed bill S2297, the Blockchain Initiative Task Force, into law Friday. The task force is commissioned with studying potential use-cases for blockchain technology on the state and local level. The bill specifically points out medical records, land records, banking, and property auctions as potential applications. First drafted in March 2018, the bill passed the New Jersey Senate with one nay and the assembly unanimously. Consisting of 14 appointed members, the task force has 180 days to file a study…

Stolen Binance Funds Still Being Laundered Through Mixers, Researchers Claim

Binance’s recent hacker has been diligently washing funds stolen from the exchange back in May. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12. A bitcoin tumbling service mixes bitcoins with other users’ coins. Since bitcoins are attached to the publicly verifiable blockchain, mixing services are used to obfuscate transaction histories that follow bitcoins around. Chipmixer was overwhelmed with the funds, Clain states. From June 12 onward, the hacker…

Bitcoin in Tug of War Between Bulls and Bears as Trading Range Tightens

View Bitcoin has charted a narrowing price range over the last three days, neutralizing the immediate bullish setup. A bull revival needs a UTC close above Wednesday’s high of $12,145, according to a double inside bar pattern seen on the daily chart. The outlook would turn bearish if prices print a UTC close below Wednesday’s low of $11,388. The odds of a bearish UTC close would rise if BTC breaks lower from the contracting triangle seen on the intraday charts. Bitcoin (BTC) is witnessing indecisive price action for the third…

Coinbase Sets Out How It Foiled a ‘Sophisticated’ Hacking Attack

Cryptocurrency exchange Coinbase has described how it was targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make off with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how the plot unfolded and how the exchange countered the attempted theft, Coinbase said the hackers used a combination of means to try and hoodwink staff and access vital systems – methods that included spear phishing, social engineering…

Reddit Co-Founder to Stream Blockchain Game Skyweaver Face-Off

Reddit Co-Founder Alexis Ohanian will live stream a face-off match of the latest blockchain collectible card game he’s invested in, SkyWeaver. | Source: REUTERS/Lucy Nicholson Reddit co-founder, Alexis Ohanian, will be live-streaming a face-off match between himself and the lead developer of the latest collectible card game to hit the blockchain, SkyWeaver. Ohanian, also known as kn0thing to Redditors, has famously invested in numerous successful startups. He is now playing his hand in the crypto space thanks to his latest investment. Horizon Blockchain Games last month received $3.75 million in seed…