Xcel Token

A Montreal resident, age 18 if facing 4 criminal charges connected to a $50 million SIM Swap scam that targeted cryptocurrency holders. “Eighteen-year-old hacker Samy Bensaci is accused of being part of a crime ring that stole millions of dollars in crypto-currency by gaining unauthorized access to the cell phones of crypto-currency holders in America and Canada.”  —  Infosecurity Magazine . 17th January, 2020 Among the purported victims were Don and Alex Tapscott, renowned Canadian crypto entrepreneurs and co-authors of the book “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.” “We can confirm that last year a hacker attempted steal crypto assets from our company and its employees,” Don Tapscott said in an email to ‘The Star’ . “That attempt was unsuccessful. We cooperated with the police (and) have been impressed with their determination to bring those responsible to justice.” Bensaci was arrested in Victori...

PwC Switzerland Partners With Chain Security Smart contract auditing team ChainSecurity partnered with the Swiss branch of Big Four auditing firm PwC to enhance the services the global auditor provides. In an email sent to Cointelegraph, a PwC spokesperson explained that no acquisition took place and multiple ChainSecurity teams joined the firm. According to a press release published by the firm on Jan. 5, PwC hopes that, with ChainSecurity’s team, the firm will become “the world’s leader in smart contract auditing.” FTX Launched Bitcoin Option Trading Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet on 11th January, that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. Student Wins Satoshi Nakamoto Scholarship Bitcoin SV (BSV)-promoting Bitc...

05-January- 2020 Ethereum Block Time Reduced By 25% Source : Unsplash.com The average block time on the Ethereum blockchain reduced by almost a quarter after the mining difficulty was eliminated. Data stated on Ethereum block explorer Etherscan demonstrates that from Jan. 1 to Jan. 4, the daily average block time on the blockchain reduced from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time. 06-January- 2020 Bill To Study The Benefits Of Implementing Blockchain In The Election System Source : Unsplash.com The United States Virginia State’s legislature is looking into studying Blockchain to improve the election and voting systems . The bill to look into the study of blockchain was prefiled on the 27th of December, 2019 and was up for offering on the 8th of January, 2020, the House of Delegates and the Senate concurred that the Department of Elections is requested to study the use of blockchain technology to protect ...