US Government Grants $800K to Blockchain Researchers

The U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego.

Subhashini Sivagnanam, a researcher and software architect with the Data Enabled Scientific Computing division at the San Diego Supercomputing Center, won $818,433 from the National Science Foundation (NSF) to develop the Open Science Chain (OSC), a proposed distributed ledger which will help researchers efficiently access and verify data collected through scientific experiments, according to the NSF’s website.

NSF, a long-standing scientific organization, serves as a key conduit for research initiatives in the U.S. to tap federal resources. The government organization has funded a number of blockchain projects in previous years, including those focused on different aspects of cryptocurrency incentive mechanisms and blockchain technology use cases.

Public records show that the project entails “a web-based cyberinfrastructure platform built using distributed ledger technologies that allows researchers to provide metadata and verification information about their scientific datasets and update this information as the datasets change and evolve over time in an auditable manner.”

Simply put, the network would constitute a living – and digital – catalog of their work, growing as more information is developed and added. Researchers will be able to better trust the data they are examining, according to the abstract.

The grant will begin on Sept. 1, 2018, and carry through until Aug. 31, 2021, according to the award letter.

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Source: Coindesk

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Huobi Launches New Service to Streamline Token Listing Application Process

Singapore-based cryptocurrency exchange Huobi Group has launched a new product designed to streamline the token listing application process.

According to a statement shared with Cointelegraph, the new service, which Huobi developed to provide a more transparent listing process, is called the Huobi Automated Listing Platform.

Per the announcement, projects that want to list on Huobi Global or an autonomous digital asset exchange Huobi HADAX, will have to register and submit specific documentation about the project. The announcement states that the Huobi Automated Listing Platform “will not automatically list any token or coin that applies.”

Upon passing the verification process, applicants will receive a unique login account, which provides access to submit, edit, amend, and review documents and status of the token listing.

Projects that fail to pass the verification will be provided with a reminder notification of re-application to HADAX 2.0 and assistance in registering on the newly launched platform. Projects that decide to re-apply will have to follow specific application and listing rules.

The announcement also states that later this year, Huobi is looking to launch the Huobi Blockchain Project Show Center within the Huobi Automated Listing Platform, which will provide users access to reports, videos, and live broadcasts.

In July, Huobi Group launched Huobi Cloud, which allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. Partners will also be able to use the order integration and wallet systems, as well as the asset management and clearing system of the Huobi Global platform.

That same month, HBUS, the U.S. “strategic partner” of Huobi, confirmed the release of its API for “experienced traders” in some U.S. states. The product was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the API also offers historical price data, support for margin trade customization support, setting buy and sell limits, and retrieving trade history.

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Photo via Shutterstock.

Source: Cointelegraph

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Weekend in Review: SEC bans energy investor, China police arrest suspect of crypto theft, Contest winners to get iPhone X from Tron

Recapping the biggest news stories of the weekend. If you’ve missed the top stories of the weekend, this post offers a comprehensive look at the stories that made headlines. A lot has happened in the cryptocurrency and blockchain world, SEC has banned energy investor, Chinese police have arrested suspect of cryptocurrency theft, Facebook Contest Winners to Get iPhone X from Tron, and much more. Here’s an overview of some of weekend’s most interesting news and articles.

SEC bans energy investor over ICO fraud

SEC bans energy investor over ICO fraudSEC bans energy investor over ICO fraud

The Securities and Exchange Commission (SEC) has banned an energy investor over ICO fraud and imposed a penalty of $30000 against the founder of a company David T. Laurance who executed a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. David is the president and CEO of Tomahawk Exploration LLC which is registered as an oil drilling company. In June 2017, Laurence created “Tomahawkcoins” with a goal to raise $5 million in an initial coin offering (ICO). It was publicized that this fund would be used to drill ten wells in California. Although the ICO failed to raise money, Tomahawk issued tokens through a “Bounty Program” in exchange for online promotional services. It also claimed that ‘token owners would be able to convert the Tomahawkcoins into equity and potentially profit from the anticipated oil production and secondary trading of the tokens. The SEC found that Tomahawk and Laurance violated the registration and antifraud policies and guidelines of the federal securities laws. Without admitting or denying the SEC’s findings, Tomahawk and Laurance consented to a cease and desist order and Laurance consented to an officer and director bar, penny stock bar, and a $30,000 penalty.

John McAfee, the New CEO of Blockchain Project Luxcore (LUX)

BlockchainJohn McAfee will be the New CEO of Blockchain Project Luxcore (LUX)

John McAfee, an American computer developer and founder of McAfee; a well- known software company specialized in computer security has been appointed as the new CEO of a blockchain solution and service firm Luxcore (LUX). Luxcore is a blockchain company that produces and develops enterprise-ready security and privacy solutions and products. Luxcore will expand its innovation on PHI2algorithm supported by blockchain to create and develop core products. These products include an open-source blockchain token of value, Lux Coin & the closed source products like LuxGate and Parallel Master nodes are some of these products. The primary goal of Luxcore is the effective use of blockchain.

US Judge Orders Hacker To Pay Bail In Crypto

us-judge-orders-to-pay-in-cryptoUS Judge Orders Hacker To Pay Bail In Crypto

US judge Alex G. Tse has ordered an accused hacker Martin Marsich to pay the approximate of $750,000 in cryptocurrency for bail. Martin illegally accessed the network of popular gaming company Electronic Arts (EA). He was arrested in San Francisco National Airport on Aug 8 when he was trying to board a flight to Serbia. on March 25, 2018, a gaming company Electronic Arts (EA).situated in the Bay Area found that an attacker had illegally compromised its internal computer network and gained access to parts of the company’s computers. He was later identified as Marsich who gained access to 25,000 accounts that enable clients to purchase items for use in video games. Marsich also sold the gained information and access details on the dark world websites. US Judge Corley granted him bail on the condition that he post the equivalent of $750,000 in cryptocurrency for bail.

Chinese Police Arrests Suspects of $87 Million Cryptocurrency Theft

Chinese Police Arrests Suspects of $87 Million Cryptocurrency Theft Bitcoin EthereumChinese Police Arrests Suspects of $87 Million Cryptocurrency Theft Bitcoin Ethereum

Chinese police have arrested three hackers who purportedly stole 600 million yuan ($87 million) worth of cryptocurrencies. In this attack, hackers targeted holders of various major cryptocurrencies. These attackers were stealing money from different individuals and businesses by hacking into their computers. The local police from the Hebei, Xi’an, and Hunan provinces are still investigating the case. Police in the northern city of Xian started investigating this matter in the month of March when a victim surnamed Zhang complained that hackers had hacked his computer to steal 100 million yuan (US$15 million) worth of cryptocurrency.

Bitcoin Investor Sues AT&T

bitcoin-investor-sues-attBitcoin Investor Sues AT&T

Bitcoin investor and cryptocurrency entrepreneur Michael Terpin has sued telecommunications company AT&T for $224 million over theft of cryptocurrency. Michael Terpin is the founder of Transform Group and BitAngels. He has filed a lawsuit against AT&T. According to Terpin, hackers are continuously targeting cryptocurrency investors and despite knowing this AT&T failed to secure his phone number. Attackers were able to steal his phone numbers in a fraud called as SIM swapping, SIM hijacking, or “port out scam. In a lawsuit, Terpin has stated that he was victimized by not one, but two hacks within seven months.

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