Bitfury to Launch Blockchain-Based Music Business

The Bitfury Group, a fintech giant that develops blockchain technology for clients and sells mining gear, has recently announced the launch of a blockchain-based music and entertainment division that’s set to be secured by the bitcoin blockchain.

The company’s new open-source platform, named SurroundTM, will encourage collaboration and promote innovation within the entertainment industry. According to Bitfury, it’ll streamline the “secure transfer of copyright assets,” including proper monitoring and management systems.

SurroundTM is, per the company, set to create a digital system that’ll allow users to share and monetize intellectual property, while giving them “transparent management functions and trusted data.”

Speaking to Reuters Stefan Schultz, Bitfury Surround’s chief executive and a 20-year entertainment industry veteran, stated:

There is a very strong momentum for an open entertainment-related blockchain where market participants themselves would be participating in the market venue, not only from a transactional value point of view.

Schultz added that the platform itself is still being put together, although several parts “have already been in place.” The Bitfury Surround arm of the company is set to be based in Europe, with operations in Amsterdam and Berlin, and its platform “won’t be complete for some time,” Reuters reports.

As CryptoGlobe covered, the BitfuryGroup has last year completed an $80 million funding round led by Europe-based growth capital firm Korelya Capital, that included investments from Mike Novogratz’ crypto merchant bank Galaxy Digital, and Asia-based financial services firm Dentsu Inc. It valued Bitfury at $1 billion.

Bitfury has also recently partnered with one of the world’s largest consulting firms, PricewaterhouseCoopers, to deliver blockchain solutions to the consulting firm’s Russian enterprise clients. Bitfury’s clients for blockchain technology solutions reportedly include the Ukrainian government.

Hacker Attempts to Sell Data Allegedly Stolen From Ledger, Trezor, and KeepKey

Michael LaVere
  • Online data monitoring service Under the Breach says a hacker is attempting to sell databases belonging to Ledger and Trezor.
  • The hacker allegedly used a Shopify exploit to obtain client information, while the company claims to have found "no evidence" of a breach in security.

Online data monitoring and prevention service Under the Breach says a hacker is attempting to sell client information belonging to cryptocurrency hardware wallet manufacturers Trezor, KeepKey, and Ledger. 

According to a tweet published May 24, Under the Breach said an the alleged hacker of the Ethereum.org forum was attempting to sell databases belonging to Trezor, KeepKey and Ledger. The stolen data was reportedly obtained via an exploit involving the e-commerce platform Shopify, with the tweet implying more leaks could have occurred that have gone unnoticed. 

The hacker also claimed to have the full SQL database belonging to the online crypto and fintech investment bank, BnkToTheFuture. 

In a subsequent tweet, the data monitoring service claims to have warned BnkToTheFuture about the leaked information.

The documents posted by Under the Breach reveal the hacker allegedly has information belonging to three large databases encompassing 80,000 clients.  

Ledger responded to the proposed Shopify data breach the same day, calling the hack a “rumor.” The crypto wallet manufacturer claimed to have analyzed screenshots from the leaked database and found it did not match their records. 

A Shopify representative told News.Bitcoin that the company had investigated the security breach and found “no evidence” of any compromise. 

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