What is NEM / XEM?

  NEM is a peer-to-peer cryptocurrency and blockchain platform, the currency symbol is XEM. NEM is the world’s first “Smart Asset” blockchain, the “blockchain for enterprise” with a low transaction fee of 0.01% and very scalable.     NEM was started by a BitcoinTalk user, UtopianFuture, who was inspired by the cryptocurrency NXT. Work started on 19 January 2014 to create a community-oriented cryptocurrency.     Unlike most other cryptocurrencies which are forked off existing codes and later altered, the NEM code was written from the ground up in Java…

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Engineer steals 100 Bitcoins in China – An Inside Job

Cryptocurrency theft by hacking is becoming all too often as the value of the market and number of cryptocurrencies increase.  But, who knows whether the hacks are from the outside or from the inside? As reported by Bitcoin.com, an engineer from Beijing was arrested after allegedly discovering a failed hacking attempt to his company he took advantage of the situation and stole 100 Bitcoins.         The engineer used his login to the server and promptly transferred the Bitcoins from the company’s wallet and sent them to an…

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