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Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ Marking.

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Cryptocurrency hardware wallet producer Bitfi has formally shut its bounty program, removing the "unhackable" claim from the wallet's promoting materials.

Cryptocurrency hardware wallet producer Bitfi has formally shut its bounty program, as indicated by an August 30 tweet, notwithstanding evacuating the “unhackable” claim from the wallet’s promoting materials.

In its announcement, the organization conceded “vulnerabilities,” but then abstained from talking about numerous claimed hacks of the gadget. Bitfi likewise admitted to enlisting a “Security Director who is affirming vulnerabilities that have been recognized by specialists.”

The organization communicated thankfulness for “the work and exertion of the looks into,” expressing that the bug bounty program was authoritatively shut. Any further remarks on compensation and the venture’s guide are delayed until early September. Bitfi authorities stayed quiet about the $100,000 compensate they reported in July.

The ongoing Bitfi post immediately incited a reaction from the network. While some demand reviewing current powerless hardware utilizing #RecallBitfi hashtag, others accuse the wallet’s group for deluding advancements and hurting the business.

Bitfi’s official executive, cybersecurity pioneer and crypto evangelist John McAfee, had asserted that wallet was “the world’s first unhackable gadget.” He additionally tested security specialists to break the gadget for a $100,000 bounty beginning July 24.

Photographs of Bitfi parts surfaced online in late July, inciting a few analysts to assert it was “a shabby Android telephone,” which did not merit the award of the “most refined instrument on the planet”.

Despite the fact that few endeavors to hack the Bitfi wallet have been made from that point forward, the organization has not paid out any bounties. Analysts guaranteed that they could track the gadget and concentrate the essential data to qualify the gadget as “hacked.”

In August, a charged multi year old Twitter client Saleem Rasheed (@spudowiar) split the wallet and propelled Fate on it. Hours before the ongoing proclamation pulling back the “unhackable” definition from the wallet’s marking, Rasheed posted a video where he figured out how to extricate a mystery expression from Bitfi utilizing a cool boot assault.

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Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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