Bitcoin Slips in KPMG Rankings, however, Cryptocurrency Innovation Has sturdy Showing
On Nov. 18, massive Four auditing firm KPMG free its 2019 Fintech100 ranking, that lists the highest a hundred fintech corporations within the world. The list saw a visit Bitcoin-related firms, however, strengthened innovation within the payments trade.
As was the case in 2018, AntFinancial — in hand by Jack Ma of Alibaba — semiconductor diode the ranking. AntFinancial controls Alipay, one in every of China's leading payment systems, and is valued at $83 billion.
Among the businesses that supply innovation through blockchain and cryptocurrency, JD Finance was best placed in third place, surpassed by Grab, AN Uber-like rideshare app that conjointly functions as a payment system in Singapore.
Robinhood born from eighth place in 2018 to fourteenth in 2019. However, crypto innovation remains sturdy consistent with KPMG’s rankings, that featured blockchain-focused OneConnect (18th), Revolut (26th), Coinbase (34th), Liquid (38th) and Banketa (42th).
Commenting on the strength of Chinese firms on the list, Chris Wang, partner and head of fintech at KPMG China said:
"As fintech development continues to travel sturdy in China, we have a tendency to are seeing some changes in China's fintech landscape. Aligned with trends we have a tendency to observe globally, we have a tendency to see AN increasing variety of wealth, insurance and multi-sector firms in China on the list, that indicates that technologies and innovations have unfolded into a lot of monetary services sectors."
The report conjointly named Binance, MemaPay, Moin, Pilot and Tokeny among rising firms within the prime a hundred.
KPMG any points out that Fintech100 firms raised over $18 billion within the last twelve months and quite $70 billion in their lifetimes. The report identifies these firms as dynamical the planet with their several innovations, serving over a pair of.5 billion customers globally.
Although fintech corporations have emerged as a monetary services choice, KPMG points out that a lot of firms on the Fintech100 list have benefited from open banking, permitting them to access client banking to form a lot of personalised expertise and services. Early fintech innovators with single product propositions are currently diversifying to satisfy client wants, typically through banking licenses and supported by favourable restrictive developments.
Gatehub Crypto pocketbook information Breach Compromises Passwords of 1.4M Users
A security man of science behind the {information} breach index website “Have I Been Pwned” aforesaid that countersign data and private information of 2.2 million users of 2 websites are drop on-line.
On Nov. 19, Ars Technica rumoured that security man of science Troy Hunt confirmed that the compromised information belonged to accounts of cryptocurrency pocketbook, GateHub, and RuneScape larva supplier EpicBot.
A total of 2.2 million accounts were broken
According to Hunt, the primary haul enclosed personal info for as several as one.4 million user accounts from GateHub cryptocurrency pocketbook. The second contained information for regarding 800,000 user accounts on the self-proclaimed world’s safest all-in-one RuneScape larva supplier, EpicBot.
The purloined info reportedly includes registered email addresses, passwords, two-factor authentication keys, method phrases, and pocketbook hashes. GateHub officers aforesaid that the pocketbook hashes weren't accessed, consistent with what AN investigation had prompt.
It is not the primary time Gatehub has got to endure an information breach. In June, hackers were reportedly able to compromise around a hundred XRP Ledger wallets, that resulted in nearly $10 million in purloined funds.
Also in Gregorian calendar month, Gatehub warned that there was a phishing scam campaign targeting its cryptocurrency pocketbook users. consistent with the corporate, GateHub’s pocketbook users were receiving malicious emails from addresses that sounded like they were from GateHub: “@gatehub.com” and “@gatehub.net.”
Cointelegraph contacted Gatehub relating to these latest developments however had nonetheless to receive a response as of press time. this text is going to be updated if new comments are available.
Crypto vulnerable
As technology and security improve, hackers have gotten corresponding a lot of art with the scams and hacks they perform. one in every of the a lot of calamitous hacks in recent years was the Slovenian-based Bitcoin (BTC) mining marketplace, NiceHash. A hacker scarf close to four,700 Bitcoin, price regarding $64 million at the time of the hack in Dec 2017. The platform known as the protection breach an extremely skilled and arranged attack that was meted out with refined social engineering.
Online vice Platform Lets Gamers Collect BTC In First-Person Shooter Game
Donnerlab, an internet vice platform that builds lightning games and applications, lets gamers rummage around for Bitcoin (BTC) and pick-up “Satoshi cubes.”
Shoot alternative players and collect satoshis
In a tweet on November. 19, Donnerlab declared the launch of its latest project, titled Bitcoin Bounty Hunt, a completely lightning-native multiplayer first-person shooter (FPS) game. The Lightning network could be a payment protocol that permits for quick, micropayments between 2 alleged nodes — during this case, gamers.
Donnerlabs was based by twenty-five-year-old Konstantin Nick when the 2018 Lightning Hackday in metropolis, Germany, as a way to introduce the world’s largest cryptocurrency to a lot of folks.
The FPS game options AN integrated lepton pocketbook, wherever gamers will store coins in an exceedingly noncustodial fashion, a poster area for Hodl-auctions, and in fact the power to exterminate alternative players so as to gather bounties.
Bitcoin adoption through games
In October, Bitcoin-enabled games startup Satoshis Games declared the event of a Fortnite-like game with intrinsic Lightning Network microtransactions, titled Lightning, wherever interactions between players trigger a financial reward or penalty for the user. Satoshis Games aforesaid at the time:
“In straightforward words, players earn Bitcoin by shooting alternative players and lose Bitcoin once they get shot.”
The game reportedly updates in period once the player damages another player, gets broken or picks up AN item with BTC price and permits gamers to instantly withdraw their balance via Lightning Network once they want to try to this.
“Lightning network can drive Bitcoin to $250,000”
In Nov, the pro-cryptocurrency speculator Tim dealer aforesaid that innovations like the Lightning network would be key in propulsive the Bitcoin worth higher. dealer believes that Bitcoin may reach $250,000 by 2022 or 2023, partly thanks to “Bitcoin payment processors”, that “are very attending to open the floodgates.” He said:
“It’s due to Lightning Network and OpenNode and perhaps others that are permitting North American nation to pay Bitcoin terribly freely and quickly, so it’s not simply a store important however it may be used for micropayments; it can be used for retail, it may be used everywhere.”
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