Microsoft joined Cornell Blockchain Research Group

Technology giant has joined the Cornell Tech-based Initiative for Cryptocurrencies and Contracts (IC3)
03 September 2017   782

The partnership has a goal to transform tomorrow’s financial systems to be much more flexible, transparent, efficient and secure. This is reported by News Wise

As we continue our journey in blockchain, we have watched and read the work of the IC3 team and are impressed with their thinking and the perspective they bring to the community.  We are very aligned with the approaches IC3 blockchain experts are taking to address scale, simplification, and other topics of interest for enterprise adoption. The synergies in their research fit well with our visions for enterprise scale blockchain solutions. We are excited to work more closely with IC3 through this membership.
 

Yorke E. Rhodes III
Global Blockchain Business Strategist, Microsoft.

What is IC3?

IC3 is an initiative of Cornell University, Cornell Tech, UC Berkeley, University of Illinois at Urbana-Champaign, and the Technion. IC3 provides world-class expertise in computer science that spans cryptography, distributed systems, game theory, programming languages, and system security techniques. IC3’s innovations include blockchain, smart contract, and cryptocurrency technologies that offer both the scientifically rigorous security properties and the robustness, performance, and reliability demanded by practitioners for tomorrow’s financial systems of execution and record.

BTC Extortionists to Send Explosion Threats In US & CA

Police reported that explosive devices in the places specified by extortionists were not found
14 December 2018   36

In Canada and the United States, local businesses and residents received letters threatening to detonate a bomb if they did not send bitcoins to extortionists. Because of this, in some regions, law enforcement officers evacuated people from bus stations, schools and airports, reports Global News.

Extortionists threatened to blow up universities, schools, city halls and local businesses in the US states of Utah, Aidaxo, New York, Oklahoma and Illinois. The New York City Police Department urged residents not to panic or send bitcoins to criminals. Police also reported that explosive devices in the places specified by extortionists were not found.

In Canada, extortionists promised to blow up buildings and car dealerships in Toronto, Edmonton, Ottawa, Calgary and Montreal. Some residents of the attackers asked for a ransom in bitcoins in the amount of $ 20 thousand. After verification, the Calgary police stated that the messages were part of phishing attacks and did not pose a threat to the public.