Bitcoin Daily: Crypto Miners Attack BCH Blockchain; Luxury Watch Maker To Use Blockchain Tech

Startup dloop AG has developed an app that allows digital artworks to be distributed and financed.

Swisscom is launching the product, called NOOW, which will display art so that the artist and a buyer will know how many copies have been distributed.

The service will be available on Swisscom TV and includes 100 works by 30 artists. Stefanie Marlene Wenger will curate the first batch.

“Swisscom TV is one of the first providers in the world to offer art on the TV screen. We are delighted to have Swisscom on board for this courageous project,” said CEO Tom Rieder in a press release. “NOOW is making digital art into a collector’s object and creating a value for it.”

In other news, two miners have carried out a 51 percent attack on the bitcoin cash (BCH) blockchain, according to tweets by Cryptoconomy Podcast host Guy Swann.

Surprisingly, though, the attack was not carried out with malicious intent. Instead, the miners attempted to prevent an unknown miner from taking BCH coins sent to an “anyone can spend” address.

“When the unknown miner tried to take the coins themselves, http://BTC.TOP  & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own,” Swann tweeted.

The U.K.’s Financial Conduct Authority (FCA) has sent out a warning that ICAP Crypto is a clone firm of ICAP Europe Limited.

“This firm is not authorized or registered by us but has been targeting people in the U.K., claiming to be an authorized firm,” the FCA wrote in an announcement. “This is what we call a ‘clone firm,’ and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold-called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorized firm or other details.”

And Swiss luxury watch and clock manufacturer Vacheron Constantin is set to utilize blockchain technology to track its timepieces in an effort to fight counterfeiters and guarantee the authenticity of its watches for its customers.

“[Blockchain] makes it possible to create a forgery-proof digital certificate of authenticity, which follows the watch throughout its life, even if that involves several changes of owner. A unique number is thus assigned to a unique object, making the two inseparable and securing data relating to the property, value, nature and authenticity of the timepiece,”  Vacheron Constantin stated, according to Cointelegraph.


New PYMNTS Report: The CFO’s Guide To Digitizing B2B Payments – August 2020 

The CFO’s Guide To Digitizing B2B Payments, a PYMNTS and Comdata collaboration, examines how companies are updating their AP approaches to protect their cash flows, support their vendors and enable their financial departments to operate remotely.