Bitcoin

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

Cryptocurrency

JD.com 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,” JD.com 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.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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