• DJ D-Sol, who also goes by the name of David Solomon, moonlights as CEO of Goldman Sachs (via instagram.com/djsolmusic).
    Cryptocurrencies,  Libra,  Technology

    Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain

    All major banks are looking at the potential of stablecoins

    The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”

  • Binance's latest hack is said to have originated in a phone hack (via Shutterstock)
    Technology

    In $40 million Bitcoin heist, thieves used Binance’s security system to steal

    The exchange was hacked after its two-factor authentication system designed to strengthen passwords were compromised

    Two-factor authentication is supposed to be the gold standard in privacy and protection of Internet data, but in Tuesday’s $40 million dollar heist from the top cryptocurrency exchange, it seems to have been the method thieves used to break into user accounts.

  • Blockchain project jobs
    Innovators,  Media,  Technology

    Forbes 50 list of top companies using blockchain released

    Only three “pure” blockchain companies made the list of the $1 billion-plus firms

    Forbes on Tuesday announced its inaugural Forbes 50 list of large companies leading the way in developing and using blockchain technology. The list has a notable lack of “pure” blockchain firms. In fact, there are just three—blockchain hardware and software maker Bitfury, cryptocurrency exchange Coinbase, and financial blockchain developer Ripple.