Blog

29 Oct

Is the Majority of the Cryptocurrency Market Centralised? A Research Study Thinks So!

By Daniel Zo SEC, Fiat, ICO, Ethereum, Ripple, CryptoCompare Read Comments

One of the biggest advantages that cryptocurrencies have over their fiat counterparts is the decentralized status, which provides higher security, reduces attack risks, and ensures that coins are not controlled by a central entity. Despite this aspect, recent research has concluded that the majority of digital assets available on the market are centralized.

To put things better into perspective, CryptoCompare, which is a market data aggregator, has recently published a digital asset analysis for over 200 coins. The authors analysed the digital assets from a variety of different perspectives, and using more than 30 attributes. When doing the analysis, researchers considered the supply concentration, distribution, market cap, governance, volume data, regulatory classification, and decentralized status of the coins.


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07 Oct

United Nations Food Programme Leveraging Blockchain Technology for Supply Chain and Identity Management Purposes

By Daniel Zo Blockchain, WFP, Africa, UN, Read Comments

The potential of blockchain technology for supply chain purposes has often been praised by experts throughout the world. Now, recent reports indicate that the United Nations World Food Programme, commonly known as the WFP, will begin blockchain-based supply chain management testing in Africa.

With this in mind, the WFP has tested out a similar system for refugee aid purposes in the Middle East. With the project’s newest implementation, blockchain technology will be used to track food delivery in the east African region. More exactly, the blockchain network will track food shipments arriving in Djibouti, on their way to Ethiopia, where the UN’s main food operation camp is located.


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26 Sep

MasterCard Files Several Blockchain-Related Patents as Interest Grows

By Daniel Zo Blockchain, Mastercard Read Comments

MasterCard’s interest in blockchain technology has been peaking over the last couple of months. Now, recent reports indicate that the payment services giant is considering the use of blockchain to better keep track of consumer payments.

According to a recent patent filing, published by the U.S. Patent and Trademark Office, MasterCard explains how distributed ledgers can instantly record point-to-point transactions. The afferent data can then be used by organizations to compile logs consisting of purchased items.


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07 Sep

AT&T Being Sued for $224 Million After Attackers Steal Crypto from Investor’s Phone

By Daniel Zo AT&T, Scam, Cryptocurrency Read Comments

According to recent reports, AT&T might be responsible for the loss of $24 million in cryptocurrency, after the cell phone of a digital currency investor was hacked. With this in mind, Michael Turpin is suing the telecom firm for $224 million, after the company reportedly failed to protect his smartphone data.

As part of his lawsuit, the investor claims that AT&T employees are complicit in a SIM swap scam, where hackers attempt to gain access to phone data via social engineering. In other words, for this scam to work, criminals are known to pose as the owner of a victims’ phone number, hence convincing the customer support teams of telecom providers to grant access to the phone in question. By doing this, attackers get access to a variety of accounts, including digital currency wallets.


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02 May

European Parliament Votes for Stricter Regulation for Cryptocurrency Market

By Daniel Zo EU, EP, Cryptocurrency, Regulation Read Comments

During the last couple of months, the European Parliament (EP) and Commission (EC) have been actively involved in discussion of appropriate regulation for the digital currency market. Now, recent reports indicate that the EP has voted for a stricter array of regulations for the crypto market.

With this in mind, once the legislation is applied at the European Union level, crypto exchanges alongside wallet providers will be required to introduce specific due diligence procedures for their customers. In other words, wallets and exchanges may soon have to begin verifying user identity. Additionally, the measures also point out that crypto wallets and exchanges will need to register before being allowed to offer their service.


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09 Jan

Spectre and Meltdown Security Vulnerabilities Update

By Marcus Spectre, Meltdown, Security Read Comments

If you've been following the recent news, you might have heard about two major security vulnerabilities that had been revealed to general public on the first days of 2018. Spectre and Meltdown are possibly the biggest vulnerabilities ever discovered that affect billions of devices with modern CPUs with speculative execution on board.

Even though these severe vulnerabilities are determined by CPU logic design flaws, they still can be mitigated by software patches that make its exploitation impossible. CoinsHOST have installed and tested all the latest patches and fixes available for every piece of hardware on our network that may be affected by Spectre and Meltdown, including Cloud Hosting and Virtual Private Server infrastructure and hypervisors. If you rent a VPS or Cloud server with our company, your data is absolutely secure and no action is required on your side.

 

Dedicated Server Owners Attention Needed

Please be advised that you still need to update your dedicated servers' operating systems on your own, as long as our engineers do not have access to your bare metal servers. If you experience any issues while updating your server's operating system, please contact our dedicated support team for assistance. 

Your personal devices, such as phones, laptops and even TV boxes can also be affected by these vulnerabilities and may require software update to the latest OS build available.

Stay safe and secure!


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24 Dec

Merry Christmas and a Happy New Year!

By Marcus Christmas Read Comments

Dear Clients!

The most wonderful and special time of the year has come! CoinsHOST team is happy that you chose our products and stayed with us throughout this year. We wish you and your loved ones a joyful holiday season and all the best in the coming year.

Merry Christmas and a Happy New Year!


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16 Dec

Get Extra 15% Off Your Order This Holiday Season!

By Marcus Christmas, Sale Read Comments

Dear clients of CoinsHost!

The most wonderful time of the year is coming and our team would love to thank you for choosing our products and wish you all the best in the coming year. Join us as we celebrate this beautiful season with a big sale on CoinsHost. Redeem this voucher code BITXMAS during checkout to get an extra 15% off your order. Voucher code is redeemable through December, 31st.


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