$54M Crypto Hack Nets Maryland Man 30-Year Charge

Nets, a Nordic payment giant which traces its roots back to 1968, has joined hands with Coinify to establish a Blockchain Development Lab. Nets joins a long list of financial services firms who are exploring blockchain to benefit from this innovation which has the potential to disrupt the market. Nets – A Nordic Payment Giant. Nets was formed in 2009 through a merger between three leading companies (BBS, Teller and PBS) in the payment cards, payment solutions and payment information space. PBS, which was established in 1968, was one of the earliest players in the electronic payment space....

Those of us who have been closely following the happenings in bitcoin and cryptocurrency industry have heard about National Science Foundation's recent grant to three top universities in the United States for research on cryptocurrencies. University of Maryland is one of the recipients of the total $3 million research grant along with Cornell University and University of California- Berkeley. A lot of us haven't had a chance to know what kind of research these universities will be doing on bitcoin to receive a small fortune. Here is an insight to what the researchers at University of....

Editor’s Note: We would like to apologize for the factual inaccuracy of this article. The University of Maryland is not giving research grants; rather, they have received a grant from the National Science Foundation so they can study cryptocurrency. Update: This article has been modified to correct a number of reporting inaccuracies that appeared in the original text. We have added an acknowledgement to research teams at Cornell and UC Berkley, who are working as collaborators on this project with the University of Maryland. Additionally, we have added an acknowledgement to Elaine Shi, who....

With cryptocurrency developments gaining stronger interest these days, several universities have decided to pursue studies in the field and even offer grants for research purposes. The University of Maryland recently opened a cryptocurrency research grant with nearly $2 million in funding. At present, the University of Maryland is already offering a course on cryptography, taught by Professor Jonathan Katz. Katz earned his Master of Philosophy in Computer Science at Columbia in 2001, and worked as a Research Fellow at UCLA's Institute for Pure and Applied Mathematics in 2006.....

Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend in the crypto space, although it is very much real. It really kickstarted the “not your keys, not your coins” school of thought after thousands lost their crypto holdings when the crypto exchange succumbed to a hack that would see it shutter its doors forever. The Mt Gox rehab plan was established after the hack, seeking to compensate those who lost their bitcoins to the hack six years ago. The rehab plan had been pending for a while but a....