Bitcoin Daily: Unveils Blockchain Lab; Crypto Ticker App May Be Targeting Macs

Cryptocurrency is teaming up with two schools to study distributed ledger technology’s (DLT) implications on business, Cryptovest reported. The Chinese eCommerce retailer is working with both the Chinese Academy of Sciences (CAS) and the New Jersey Institute of Technology (NJIT) for the joint lab, which will look into efficiency issues and scalability when it comes to the blockchain. “This will include multi-year collaborative research efforts into fundamental consensus protocols, privacy protection and security in decentralized applications, among other areas,” said in a statement.

In other news, Bizkey is celebrating the 10th birthday of cryptocurrency with an event called Token Day in Singapore, Cryptovest reported. Thirty retailers, located around the region’s Chinatown, are joining the celebration. Bizkey CEO and Co-founder Ken Huang said very few people actually use digital currency, even though it has been around for 10 years, and the company hopes to change that through the event, “which will be the first time that retailers in Singapore will accept cryptocurrency as payment, on such a large scale.”

Malwarebytes claims the CoinTicker application may be installing back-door malware apps, CoinDesk reported. While the app is meant to display the price of a digital currency, such as bitcoin or Ethereum, when a user asks for a quote, the app reportedly also installs EggShell and EvilOSX. In a post on Malwarebytes Labs, Thomas Reed writes that the goal of the app isn’t clear, but that “it seems likely that the malware is meant to gain access to users’ cryptocurrency wallets for the purpose of stealing coins.”

The Stock Exchange of Hong Kong Limited (HKEX) is working with startup Digital Asset to look into a blockchain platform for the Northbound Stock Connect platform, CoinDesk reported. The program, which rolled out in 2014, enables the trading of securities by mainland and international Chinese investors via their home exchanges’ clearing and trading capabilities. The news comes as exchanges in other countries, such as India and Singapore, are looking to make settlement and clearing advancements with the help of blockchain technology.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.