Holo HOT

Market Cap $ 155.736 MM (#41)
24h Volume $ 7.608 MM
Chg. 24h: -0.45%
Algo. score 3.7/5  (#116)
Show Quick Stats

Holo News

Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

Coinspeaker Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years It seems that Facebook is in “hot water” again as the company stored millions of user passwords improperly for years. Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

2 days ago

Initial Exchange Offering - Crypto’s Hot New Alternative to the ICO

One of the most hyped-up news stories last month was the Fetch.AI project, which raised $6 million in 22 seconds in an initial exchange offering (IEO) on Binance. Previously, thanks to very high levels of activity, the entire volume of BitTorrent tokens was sold for $7.2M in 18 minutes, using the same tool. What is The post Initial Exchange Offering - Crypto’s Hot New Alternative to the ICO appeared first on The Daily Hodl.

3 days ago

Holo Price Begins Moving up Again as $0.0012 Acts as Solid Support

When looking across all cryptocurrencies, tokens, and digital assets, things are looking pretty interesting right now. Some markets note massive gains, whereas others are still on wobbly legs. Contrary to what most expected, the Holo price is not moving up a decisive manner at this stage. Although the current trend is not necessarily worrisome as of yet, finding a new foothold is not all that easy. Holo Price Tries to Remain Above $0.0012 It is commendable to see all markets carve out a path for their own these days. While most of them will continue to rely on Bitcoin first and foremost, some are doing so in a less tedious manner than others. Holo often seems to be doing its own thing regardless of the overall trend, albeit today may be a slightly different trend. Its current value sits just above $0.0012m yet it remains to be seen if that level can be maintained after all. Over the past few hours, the Holo price has noted a minor 1.85% gain to keep the USD value at $0.001207. In terms of BTC and ETH value, the gains are less spectacular, at 0.91% and 0.92% respectively. It is evident there is seemingly a lack of desire to keep this uptrend going for very long, albeit some slow and steady gains would not be all that bad for this currency either. It is a healthy change of pace from its massive gains and subsequent losses. Regardless of what might be happening behind the scenes of Holo and Holochain, most people simply care about the price. Especially the Turkish traders are smitten by this market and they expect some pretty big gains to materialize in the coming weeks and months. As is always the case where altcoin markets are concerned, anything is possible, yet nothing is ever set in stone. Böyle bir ekran görüntüsü geldi baktım doğruymuş.. Erkan bey (@pisxaloi) sanırım #Holohesap tablomuzdan yola çıkarak böyle bir fiyat projeksiyonu çıkarmış. #Holo'cular için bakması oldukça keyifli #Holo AL..Sürekli AL..Fiyatına bakmadan AL.. pic.twitter.com/jEKtz2anKo — G♢RD♢N (@____Gekko____) March 20, 2019 R.P. Is another trader who mainly wants to see the value of HOT take off in quick succession. Expecting a massive bull run before the Summer seems a bit too optimistic at this time, primarily because there is nothing which warrants an industry-wide bull run at this time. That situation may come to change in the near future, though, but it will mainly depend on Bitcoin to make big things happen. Come on bulls #XRP #ADA #HOLO #BTC need this in my life for this summer....lol https://t.co/vWkIDhQHA1 — R. P. (@RomanPov1) March 20, 2019 Leave it up to altcoin traders to be excited at all times and see any possible opportunity as a way to strike it rich. Frank is looking forward to what will come next for Holochain in the coming weeks and months. There is still plenty of work to be done prior to ensuring Holo becomes mainstream in any convincing way, but things are seemingly moving in the right direction. That wouldn’t necessarily impact the HOT price in any way, though. $HOT Ichimoku Cloud is looking like green skies!!! #Holochain #Holo #BeyondBlockchain pic.twitter.com/aHKfqcgHzn — Frank (@HOLOCHAIN_Sith) March 21, 2019 For the time being, it seems the $0.0012 level will remain in play for Holo. There may be a slightly higher push in the coming hours, but it seems unlikely double-digit percentage gains should be expected at this time. The overall drop in trading volume to just $7.3m is not exactly promising either, but it doesn’t have to cause any major disturbances either. The coming hours will be interesting to keep an eye on. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Holo Price Begins Moving up Again as $0.0012 Acts as Solid Support appeared first on NullTX.

3 days ago

Is Tether backed by hot air?

The stablecoin has always claimed to be 1:1 dollar backed. Now it admits it’s not. So what’s propping it up beyond press releases? The post Is Tether backed by hot air? appeared first on Decrypt Media.

4 days ago

Founder of Bitcoin Exchange Mt.Gox Sentenced to Over Two Years

Mark Karpeles, the founder of the now-‘non-exisent’ bitcoin exchange Mt.Gox, has been found guilty of tampering with records and given a suspended prison sentence of two years and six months. The High Court decision comes after five years of huge security breach event that occurred in 2014 at Mt.Gox which resulted in losses worth millions for both local and foreign bitcoin investors. The court found Karpeles guilty of “unfairly creating electronic records” in connection to Mt. Gox’s books and has been given a sentence of two years six months. However, he was not found guilty of misuse and aggravated breach of trust. During this fraud case, losses were quoted at 850,000 bitcoins—including 750,000 customer bitcoins and 100,000 of the exchange’s own collectively amounting to approx US$ 500 million. Out of these, 200,000 bitcoins were later “found” in an old hot wallet by the company in which bought the number down to 650,000. Karpeles was eventually put on trial in 2015; instead of theft, he was charged for faking trading information at Mt.Gox and embezzling US$ 3 million in customer funds deposited with the company. The case got sensitive when prosecutors claimed he used the embezzled money to live a luxurious lifestyle, which included a high-end apartment with US$ 11,000-a-month rent and regular overseas trips. Moreover, he reportedly launched a high-end 3D printing business; a cost deemed “unnecessary” for Mt.Gox’s purposes. However, Karpeles claims to be innocent to this date and denied all charges levied. Five years after the crime, the hackers involved in stealing bitcoins from Mt.Gox remain unknown. However, the incident exposed serious loopholes in the way cryptocurrency exchanges were operating across the globe, resulting in governments beginning initial work on regulating and validating the new imperfect asset class. It was in 2017 when Japan became the first major economy to validate bitcoin trading and Mt. Fox was also initially headquartered there. The country launched a framework for its crypto-licenses wherein exchange operators need to meet strict operational criteria and conduct strict KYC procedures on customers. Crypto community has shown mixed response to Karpeles’ sentence. Some believe that he was “brought to justice” as the executive responsible for Mt.Gox when the exchange was hacked, while others feel that he has been given light punishment considering the impact it had on the Bitcoin ecosystem. The post Founder of Bitcoin Exchange Mt.Gox Sentenced to Over Two Years appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

4 days ago

Holo Price is on Shaky Ground as Market Trend Remains Undecisive

In the cryptocurrency world, there has been a rather strong focus on Holo over the past few months. Ever since this market hit the 40 Satoshi level, traders have expected the momentum to return sooner rather than later. So far, that hasn’t happened whatsoever, as the Holo price seemingly remains bearish. There are some signs on the horizon this may come to change fairly soon. Holo Price Tries to Reclaim Lost Ground It is evident not all of the alternative cryptocurrency markets do well when Bitcoin is trying to move up once again. More often than not, the smaller cap markets will lose value in BTC first and foremost. Holo certainly falls into that category more often than not, although it remains to be seen if that situation can be turned around in the near future. Considering how there is some positive momentum brewing right now, it quickly becomes apparent anything can happen throughout the day. Over the past 24 hours, the Holo price has managed to break even in the USD department. That in itself is rather interesting, as it will not necessarily get many people excited. The 0.15% loss in BTC value is offset by a 0.09% gain in Ether. As such, the current price of $0.001164 is seemingly more than fair, although it may try to rise to $0.0012 unless Bitcoin turns incredibly bearish again for no apparent reason. Combined with a somewhat decent trading volume, it seems Holo is in a good place at this time. On social media, there are some interesting discussions to keep an eye on. MikeS has hopes the BTC Markets team will enable support for Holo in the future, although the team has not confirmed that will be the case. In fact, they only mentioned XLM will be added next, yet the mention of Holo has either been ignored, or they simply have no plans of doing so at this time. Approaching service providers to bring more exposure to a specific project is never a bad thing, though. Looks good guys. Just wondering what coins are you looking to add in q2? #Stellar, #Tron #Holo, #BTT. I hope some these pop up on @BTCMarkets in the not to distant future. Diversity is enriching — MikeS (@shadowdale) March 19, 2019 XRP Nurse highlights one of the downsides of Holo, although this could easily apply to many other cryptocurrencies, assets, and tokens as well. It is certainly somewhat complex to move Holo onto a Ledger hardware wallet, although there are ways of solving this problem with a bit of research. If any of the developments would be interested in streamlining this process as much as possible, they could make life easier for a lot of people in the process. Thing I hate about #HOT #Holochain #holo is the difficult process to get your assets into your #Ledger #NanoS. #Ethereum looping it still trying to figure it out. Help — XRP NURSE (@jobe805) March 19, 2019 Last but not least, there is some price discussion as well. Holo has become rather popular among Turkish cryptocurrency traders as of late. Yavuz Selim Yildiz expects to see Holo break out again in the future, although it is evident the Holo has performed better than some other tokens as well. Based on the current market momentum, no imminent breakout should be expected. However, the developments happening behind the scenes may make their mark on the price moving forward. $HOT #Holo Herkesin talan olduğu ve birkaç tanesi hariç tüm ICO ların 10 da birine düştüğü ayı piyasasında... Şu anki fiyatına göre (29 sats) USD Bazında : 8XEthereum Bazında : 37XBTC bazında : 18x Kazandırdı. Üstelik henüz ağ hazır değilkenve Holoportlar gönderilmeden. — Yavuz Selim YILDIZ (@yavuzsyildiz) March 18, 2019 All things considered, Holo seems to be in a good place despite the lack of a clear price direction. That is not necessarily a bad thing, as price stability is often undervalued in this particular industry. If the trading volume were to pick up once again, there is a good chance the price momentum will turn in a more telling direction as well. A push to $0.0012 is not out of the question today, but there is always a chance the bearish trend will be resumed before the day is over. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Holo Price is on Shaky Ground as Market Trend Remains Undecisive appeared first on NullTX.

4 days ago

Bitcoin Breaks $4,000 as Top Cryptocurrencies Surge

According to data from Coinmarketcap, Bitcoin has broken above $4,000. The top coins are also surging, with Holocoin (HOT) making the most strides. HOT rose in price by 18 percent in the past 24 hours. Bitcoin is currently trading at $4,034, two percent higher than the past 24 hours. Yesterday, $11 billion worth of bitcoins changed hands. This is the highest value reported since April 25th 2018. Ethereum (ETH) has gone up by 4 percent, while Ripple rose by 1.3 percent in the past 24 hours. It is a good weekend for the cryptocurrency markets. (KE)

8 days ago

Annnd we're off! Thursday Live session right now. 5th Ep. wi...

Annnd we're off! Thursday Live session right now. 5th Ep. with yours truly @SimonDixonTwitt 📰 Hot goss in fintech/… https://t.co/pfbsPteNnu

10 days ago

Coinbase Custody Makes First OTC Transaction from Cold Wallet

According to a Blog post yesterday, Coinbase's custodial tool, Coinbase Custody, has conducted its first OTC trade from cold storage. The publication unveiled that Coinbase Custody is now directly incorporated into Coinbase's OTC desk, which allows clients to leverage the OTC desk to price and confirm trades before moving funds. The firm claims that this product would provide quick liquidity on users' offline funds, allowing them to access their funds while avoiding the waiting period. This news comes after Coinbase's CEO, Brian Armstrong, stated in February that hot storage is not significant to provide the flexibility and speed for completing trades. (VK)

11 days ago

Binance Coin Could Be The Next ICO Token

Binance Coin (BNB) is becoming a hot commodity, as investors buy the exchange’s token to participate in token sales on Binance Launchpad. It traded at $6 at the time of the BitTorrent (BTT) token sale, and broke the $10 mark only days before the Fetch.AI (FET) sale. Binance Coin has since solidified its position in […]

11 days ago

Holochain Dev Pulse 19 -- Weekly Releases Impact Dev Velocit...

Holochain Dev Pulse 19 -- Weekly Releases Impact Dev Velocity for Holo Hosting and hApps We're leveling up with we… https://t.co/YWY1k9bYml

12 days ago

What is TRON? What is TRX? A Must-Read 2019 Guide Packed Full of Info

What is TRON? TRON is a highly ambitious project aiming to establish a truly decentralized Internet. If you’re wondering what that involves or simply “What is Tron?” then you have come to the right place as this guide is packed full of useful info. The TRON protocol is among the biggest blockchain-based operating systems worldwide, is highly scalable, has high throughput, and is able to support a wide range of decentralized applications in its ecosystem. TRON also acquired BitTorrent in July 2018 to further its mission of creating a decentralized ecosystem. TRON’s native token TRX is currently the world’s 10th largest cryptocurrency with a market cap of more than $1.5 billion (as of March 10, 2019). What is TRX? HODL TRX - Source: Shutterstock.com Tronix or TRX is the native digital currency of the Tron blockchain. It first came into existence when Tron launched a successful ICO which raised over $70 million in September 2017. At the time, TRX was a token designed on the ERC20 protocol. As the Tron blockchain matured, so did the TRX token. Less than a year after its ICO, Tron launched its mainnet which led to a token migration from the ERC20 TRX token to the new mainnet TRX coin. Note: TRON activated its mainnet on June 25th, 2018 and celebrates this date as TRON’s Independence Day. Tron is still collecting the ERC20 tokens and burning them so that eventually the only TRX tokens in existence will be the mainnet version. What are TRC-10 and TRC-20 Tokens? Tron states on its website that: “TRC-10 is a technical token standard supported by TRON blockchain natively, without the TRON Virtual Machine (TVM). TRC‌-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC‌-20.” Custom TRC-10 tokens can be made and issued on the TRON Network for the cost of 1024 TRX tokens. The creators do not need any programming knowledge, and the whole process is very easy to complete. A well-known example of a TRC-10 token would be the BitTorrent token (BTT). TRC-20 tokens can support smart contract implementation using the Tron Virtual Machine (TVM). It is fully compatible with ERC-20 tokens and therefore enables developers to port their Ethereum contracts over to Tron. Smart contracts offer unlimited possibilities, and TRC-20 tokens are able to implement extra logic that is not possible with TRC-10 tokens. However, TRC-20 tokens are more complicated to set up than TRC-10 tokens. A well-known example of a TRC-20 token would be ANTE which is used on the popular TRONbet platform. TRC-10 and TRC-20 token features - Source: developers.tron.network How Does TRX Work? TRX is short for Tronix and is the official native cryptocurrency of TRON. TRX works in several ways. Being the de facto token of the Tron economy, it can be used as a medium of exchange, as an investment and as a bridge currency between different platforms and other Tron tokens. TRX utilizes blockchain technology, and transactions are done peer-to-peer. TRX transactions are fast and have low fees. It can be found on numerous exchanges as discussed in detail below and is currently the 10th largest cryptocurrency worldwide. What Are the Main Functions Of TRX and Its Use Cases? While Tron is as flexible as any other top cryptocurrency in the market, here are some of the most crucial functions of TRX: Digital currency / Medium of exchange TRX is the main medium of exchange in the Tron ecosystem. This includes payment for or earnings from the 100’s of Tron-based decentralized applications (DApps). TRX can be sent or received by anyone who has a Tron Wallet anywhere in the world. It can also be used to pay for goods and services as a form of digital cash like Bitcoin. To provide rights and privileges Holding TRX tokens provides you certain rights and privileges in the ecosystem, especially if you voluntarily have them frozen (locked) in exchange for Tron Power (TP). This will activate voting rights in Tron elections. If the TRX is unfrozen the votes become invalid until they are frozen again. TRX holders also benefitted from a BitTorrent Token (BTT) airdrop where they received free BTT. To create TRC10 and TRC20 tokens TRX can be used by content creators and Dapp developers to create their own tokens hosted on the Tron blockchain. Each time someone creates and issues a new TRC10 token they pay a fee of 1024 TRX which is then burned (permanently removed from the supply). This helps to reduce spam on the network and promotes the creation of quality tokens. An investment TRX has appreciated significantly in value since its launch. However, its price can be extremely volatile moving in both directions so it would be considered a high-risk / high-return investment. From its launch to its all-time high in January 2018 TRX increased by more than 10,000%. However, since then its price has decreased by more than 90%. The Tron Roadmap Tron has achieved a lot wit

14 days ago

CoinDesk Continues Asia Pacific Campaign With CoinDesk Japan

Following an alliance with Morningstar Japan; the creation of CoinDesk Korea; and the launch of Consensus:Singapore; popular cryptocurrency news organization CoinDesk continues its expansion into the Asia-Pacific region. This time, development comes in the form of a new region-specific issue of the publication: CoinDesk Japan. The offering will translate all the publication’s global news into Japanese, as well as contributing specific insights, statistics and input germane to the region. CoinDesk has spent the last year collaborating with other news outlets in Asian countries in an effort to expand into regions that are currently red hot for cryptocurrencies. In South Korea, CoinDesk joined with the country’s daily newspaper The Hankyoreh to help launch CoinDesk Korea, and the subsequent Consensus event in Singapore. South Korea has been a veritable hotbed for cryptocurrencies and exchanges in the past few years and the trend is likely to continue as adoption grows. In Japan, CoinDesk will be partnering with prominent digital news outlet Z Corp. Dan Treinish, Managing Director of Business Development at CoinDesk, told Crypto Briefing that: “It’s been incredibly exciting for us to partner with Z Corp, a subsidiary of Yahoo Japan, the leading digital media company in the country, to launch CoinDesk Japan. Japan has one of the most active and passionate cryptocurrency and blockchain communities in the world, and we’re delighted to be able to provide them with a dedicated and insightful news and information hub for the industry.” The author is invested in cryptocurrencies. Join the conversation on Telegram and Twitter! The post CoinDesk Continues Asia Pacific Campaign With CoinDesk Japan appeared first on Crypto Briefing.

15 days ago

‘The notion of Bitcoin [BTC] is bad and blockchain is good is changing,’ says Alex Tapscott

The recently concluded DC Blockchain Summit witnessed a lot of cryptocurrency proponents and financial industry experts come together. The discussion also revolved around the future of cryptocurrencies, blockchain technology and the entry of digital assets into the public forum. The panelists included Alex Tapscott, who touched upon the advantages and the different levels of maturity attained by the field. Alex Tapscott, the co-founder of Blockchain Research Institute, claimed that people are excited about the field of digital assets now, because of positive changes in the ecosystem. Tapscott claimed that the internet, despite having worked for several industries, did not make a real impact in the transactional and financial area. In his words, “When value is online and offline then we need to trust other parties that will make commerce work. Blockchain changed the internet of information to the internet of value and the internet of value is much larger. Earlier, the thought was that Bitcoin was bad and blockchain was good but now that more and more people in the industry have become more educated, they have realized that it is much more complex than that.” Tapscott also touched upon the advantages of blockchain in the financial industry structure. He suggested the ability to insure against risks, providing a way to prove identity and accessing credit, as one of the perks associated with blockchain. He went on to say, “There are two ways to tackle the application of blockchain: one is thinking that it does not apply to you which is a not a recommended way to go about it. The second and the way that I would suggest is to consider the benefits it will provide. The technology will enable a user to reduce reliance on counterparties and even reduce the impact on the savings.” The co-founder added that one should consider the technology right now so that there is something in the future that industries can be built upon. Alex Tapscott was in the news earlier too when he commented on Bitcoin’s bear market and dispelled a few FUDs along with it. He had said, “I think that the high that we reached last year was an artificial one that was based on a lot of hot money entering the sector and pushing valuations up to a level that was totally unsustainable. So I think most of the correction that we’ve seen so far has been very healthy. I think what’s happened in the past couple of days or a couple of weeks has basically been a flight to liquidity” The post ‘The notion of Bitcoin [BTC] is bad and blockchain is good is changing,’ says Alex Tapscott appeared first on AMBCrypto.

16 days ago

Part One: #WomeninBlockchain is a hot topic and it should be...

Part One: #WomeninBlockchain is a hot topic and it should be. Why are women still underrepresented in the #tech ind… https://t.co/nsOnFurxjn

16 days ago

Universal Protocol Alliance Launches Interest-Paying Stablecoin UPUSD

A consortium of blockchain companies including Bittrex International, Brave, Cred, and Bitgo is launching a new stablecoin. Universal Protocol Alliance’s Universal Dollar (UPUSD) is a dollar-pegged token whose holders will earn interest, just like a regular savings account. The consortium has announced ambitious plans to launch UPUSD in Africa and Latin America first, to attract “the next 100 million users into cryptocurrency.” Also read: Turkish Real Estate Agency Sells 9 Houses for BTC Crypto Assets That Pay Interest Are So Hot Right Now Competition for the USD ticker is fierce these days. In addition to TUSD, GUSD, and USDC, the stablecoin economy now has UPUSD. Universal Protocol’s stab at a stablecoin, developed with the backing of Bittrex International, Uphold, Brave, Cred, Blockchain at Berkeley, Bitgo, and Certik, is an ERC20 token that will allow its holders to earn interest for staking. In that respect, there are clear parallels to be made with Blockfi’s crypto interest account, which launched this week promising BTC and ETH holders 6 percent per year. Dan Schatt, president of Cred, told news.Bitcoin.com that UPUSD will pay quarterly interest as high as 10 percent annually. What distinguishes the Universal Dollar from the competition is the target market it’s designed for. Countries crippled by weakened national currency, such as Venezuela and Zimbabwe, will purportedly be among the first beneficiaries of UPUSD. The Universal Dollar stablecoin promises a “competitive annual rate of return” and it is anticipated that uptake will be particularly strong in countries with high inflation or limited access to traditional banking. Dan Schatt explained: Today, Uphold and Cred service hundreds of thousands of users in developing and high-inflation countries. Many Venezuelans use Cred’s service, looking for the same returns and stability as the rest of the world. The difference is they are in a country with a 10 million percent inflation rate. A Passive Income for Token-Holders The UP platform will enable users to lend their USD-pegged assets and earn interest via Uphold’s Cred Earn application. UPUSD will also be rolled out in developed countries, where it will permit users to store their digital assets on a 1:1 basis at FDIC-insured banks. The token will launch on March 8 on Uphold, whose UP platform has been praised by UPUSD backer Brendan Eich, co-founder of Brave, for its “usability and familiarity.” The platform incorporates a number of features designed to enhance its user-friendliness, particularly to non-technical users who may be new to cryptocurrencies. This includes key recovery, using a 2-of-3 private key-sharing system that will enable the wallet owner and one of their approved third parties to restore a lost wallet. Users can also delegate control over their assets to a third party such as a centralized exchange for temporary trading, before taking back custody of the funds and restoring them to their personal wallet. The development of UPUSD is the latest example of crypto assets taking on the form and features of the legacy financial system that they were originally designed to leave behind. What are your thoughts on interest-paying cryptocurrency accounts? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Universal Protocol Alliance Launches Interest-Paying Stablecoin UPUSD appeared first on Bitcoin News.

16 days ago

Elon Musk Now Under Real Pressure of Being Removed as Tesla CEO

Tesla CEO Elon Musk is in hot water again. Following comments on Twitter that the Securities and Exchange Commission (SEC) says violated the terms of his September 2018 settlement, Musk could find himself facing suspension and penalty fees. The comments have led to an official court order asking Musk to explain why he shouldn’t be held in contempt, which seemingly brought Tesla stocks down temporarily by roughly five percent. In mid-February of this year, Musk tweeted that Tesla had made “0 cars in 2011 but will make around 500K in 2019.” He later published a follow-up message, explaining: “Meant to The post Elon Musk Now Under Real Pressure of Being Removed as Tesla CEO appeared first on CCN

16 days ago

Elon Musk’s Latest SEC Violation Could Mean Suspension as Tesla CEO

Tesla CEO Elon Musk is in hot water again. Following comments on Twitter that the Securities and Exchange Commission (SEC) says violated the terms of his September 2018 settlement, Musk could find himself facing suspension and penalty fees. The comments have led to an official court order asking Musk to explain why he shouldn’t be held in contempt, which seemingly brought Tesla stocks down temporarily by roughly five percent. In mid-February of this year, Musk tweeted that Tesla had made “0 cars in 2011 but will make around 500K in 2019.” He later published a follow-up message, explaining: “Meant to The post Elon Musk’s Latest SEC Violation Could Mean Suspension as Tesla CEO appeared first on CCN

16 days ago

Elon Musk Faces Suspension as Tesla CEO in Latest SEC Debacle

Tesla CEO Elon Musk is in hot water again. Following comments on Twitter that the Securities and Exchange Commission (SEC) says violated the terms of his September 2018 settlement, Musk could find himself facing suspension and penalty fees. The comments have led to an official court order asking Musk to explain why he shouldn’t be held in contempt, which seemingly brought Tesla stocks down temporarily by roughly five percent. In mid-February of this year, Musk tweeted that Tesla had made “0 cars in 2011 but will make around 500K in 2019.” He later published a follow-up message, explaining: “Meant to The post Elon Musk Faces Suspension as Tesla CEO in Latest SEC Debacle appeared first on CCN

16 days ago

Enjin [ENJ] Coin Gains 400% in a Fortnight as Samsung Creates Euphoria in the Cryptocurrency Market

The South Korean multinational conglomerate, Samsung has created mass hysteria in the cryptocurrency market. Samsung released its Galaxy S10 flagship smartphone with an inbuilt cryptocurrency wallet for cold and hot storage of cryptocurrencies. The details of the inbuilt wallet were not specified at the time of the release. However, the cryptocurrencies excepted to be supported on the platform were Bitcoin (BTC), Ethereum (ETH), Ejin (ENJ) and Comee, a blockchain based social media platform. Furthermore, a new unboxing video has surfaced on the internet released by Jorozu. In the video, he mentions that Samsung has currently extended support for Ethereum only. While this comes as a piece of positive news for Ethereum, the market has remained neutral towards Ether (ETH) price. Enjin Coin Overnight Flash Rise Enjin Coin has risen exponentially ever since the implementation of the small-cap cryptocurrency was introduced on the Samsung Galaxy s10. The cryptocurrency was trading at 1000 Satoshi before the Samsung adoption which is currently trading at 5050 Satoshi. 30-min Chart of ENJ/BTC on Bittrex While Samsung ‘Blockchain Keystore Wallet’ extends support only for Ether (ETH), Enjin coin rises overnight by a hundred percent over the news. Moreover, the move from 2500 Sats to 5000 sats happened in less than six hours on 8th March. The rise can be attributed to FOMO characteristics and misinformation. The RSI index at 90 also indicates overbought characteristics. Unity SDK Release By Enjin Enjin has also announced the launch of the testnet version of their blockchain software development kit (SDK) for Unity. According to the company, the partnership with Unity Technologies will enable Enjin to demo the testnet at the Game Developers Conference later this month. Unity is the leading game developing the platform in the world. Numerous games have been designed on the platform that provides for both 2D and 3D development. The SDK kit released is still in the beta phase, and the adoption of the coin could be tremendous in the long run. However, the current price action seems to be a result of mass hysteria and volume rise in the short-time. The post Enjin [ENJ] Coin Gains 400% in a Fortnight as Samsung Creates Euphoria in the Cryptocurrency Market appeared first on Coingape.

16 days ago

Dogecoin Price Lacks Oomph to Break the $0.002 Resistance

In the cryptocurrency world, there has always been a strong focus on Dogecoin. Although considered to be a joke project by a lot of people, the Dogecoin brand is one of the most resilient ones on the market today. Unfortunately for holders, it seems the Dogecoin price isn’t returning to $0.002 as of yet. While the current DOGE value isn’t too far off, it seems there is a lot of resistance to contend with at this time. Dogecoin Price Can’t Turn Bullish Not too many people would have expected a bullish Dogecoin trend at this time. This particular altcoin always behaves in odd ways, either for better or worse. Although DOGE follows the general uptrend across the industry, it does so in a seemingly unconvincing manner. Reclaiming the $0.002 level has proven to be difficult, if not nigh impossible. That is slightly worrisome, from a short-term perspective. Over the past 24 hours, there has been a minor Dogecoin price change. A 0.95% increase in USD value is insufficient to break the $0.002 resistance, albeit just barely. The 0.37% increase in DOGE/BTC won’t get too many people excited either, as the 51 Satoshi level remains in play. Those who seek Bitcoin gains by investing in DOGE will have to bide their time if this trend continues. One of the main objectives of any cryptocurrency is to gain traction. An unnamed Minecraft hosting company has now begun accepting Dogecoin payments, according to the Reddit post below. It is a minor development when looking at the bigger picture, yet it only further confirms how strong the Dogecoin brand really is these days. It is a payment method first and foremost, rather than a speculative vehicle. Minecraft Hosting Company Accepts Dogecoin! via /r/dogecoin https://t.co/jAUpTEJZbV hot in #reddit #dogecoin #doge #crypto much wow! — Domain Address Info (@DomainAddress4u) March 7, 2019 In further promising news, it seems at least one additional Dogecoin network node will be coming online shortly. Patata Cuantica confirms the node is syncing. Although this is not necessarily something to get excited about, having individual users run a network node is always invaluable. Any crypto network is only as strong as its network nodes, and Dogecoin is no exception. Syncing my #Dogecoin $DOGE node right now. — Patata Cuántica (@Fede_Bada) March 7, 2019 MovableSingularity, on the other hand, would like to point out the development side of Dogecoin is still ongoing. Instead, this user claims the DOGE developers are building on a different repository prior to making the information public. That approach would explain a few things, and it is also an understandable decision. For now, this remains unconfirmed, though. It seems sort of relevant and important towards ongoing crypto projects to actually include ongoing work in the analysis of an assets developmental activity. You are correct, #dogecoin like many other assets you list there does not do their ongoing work on the primary branch. — MovableSingularity (@MSingularity) March 7, 2019 Although the current Dogecoin trend is not necessarily spectacular, the currency remains in the green without too many problems. That is all long-term holders and investors can ask for at this time. Unless something major changes, it seems unlikely the price of this altcoin will undergo any real changes in the coming days. One never knows what could happen during the weekend, however. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Dogecoin Price Lacks Oomph to Break the $0.002 Resistance appeared first on NullTX.

17 days ago

Some users may have experienced issues with mail server reli...

Some users may have experienced issues with mail server reliability; we’ve released hot fix 0.10.1 and ensure that… https://t.co/IoYiiZXs3b

17 days ago

Best IOTA Wallets

The Internet of Things Application (IOTA) is a distributed ledger that was developed to record and execute transactions between different machines in the IOTA ecosystem. Developers of IOTA had the vision of addressing transaction charges and scalability problems within the blockchain through removing the block and chain. In the near future, IOTA will facilitate easy payments within objects that have sensors. With the IOTA verification system, there is no need for having a central ledger. This verification method is known as a Directed Acyclic Graph (DAG). However, IOTA developers refer to it as Tangle. Within the Tangle system, the computing power grows alongside the entire network resulting in free and instant transactions. At the same time, miners do not require to power the system. The IOTA network uses the MIOTA token. Best Wallets For IOTA Before selecting a wallet, put into consideration factors like security, user-friendliness and transaction charges. Here are some of the best IOTA wallets that guarantee the safety of your assets. Nelium Wallet The Nelium wallet is among the best IOTA wallets based on its user interface that simplifies the entire transaction process. Furthermore, the wallet has a mobile app compatible with both Android and iOS with a modern design. The design of this wallet makes it easy for beginners to monitor their assets as well as conduct transactions. The wallet eliminates the need for manual reattaching, node and address changes. With the Nelium wallet, instead of manually getting the recipient’s address, the sender can select the receiver via a phonebook, enter the amount, and send the funds. On the safety aspect, The Nelium wallet is among the most secure IOTA hot wallets. You are in control of your funds because your seed is stored locally on your device and not the Nelium servers. Additionally, we have the backup feature where you can send yourself a text with the seed. We also have the option of securing the seeds with AES-256 encryption. Guarda Wallet Apart from supporting IOTA tokens, the Guarda wallet also supports other assets like BTC and Ethereum. It is among the best IOTA wallets because it is designed to store, manage, transfer and receive cryptocurrency tokens. It is an Android and iOS light wallet that comes with an option to buy coins with a banking card and top up wallets via built-in exchange service. On the security aspect, the Guarda wallet allows users to store their private keys locally. All private keys delete themselves once you log out of the wallet. Furthermore, unlike other wallets, with Guarda, you don’t need an account to conduct your transactions. It eliminates the need for complicated verification processes. The non-registration feature is available on both mobile and desktop versions. IOTA Wallet for Android It is the official wallet by the IOTA team. The IOTA android wallet an open source platform meant for fast and convenient management of your IOTA tokens. Using this wallet is easy and free. All you have to do is download, install and start managing your tokens. On security features, it ranks top among best IOTA wallets. It has features like QR code scanner, seed generator, password protection. Additionally, users have the ability to monitor the current IOTA balance in various currencies. The developers also incorporated a live Tangle explorer that comes with search functionality. IOTA Wallet Ledger The IOTA Ledger Nano S ranks top among IOTA best wallets due to its reputation in the market. Over the years, the Ledger Nano S has gained popularity as one of the most secure hardware wallets. Apart from IOTA, the wallet supports other multiple cryptocurrencies. It is important to note that The Ledger wallet integrates with the IOTA Trinity and Romeo Wallets and secludes the user’s seed. Your coins are secure even if the wallet gets lost, thanks to the PIN support. The wallet has the peer to peer authentication feature alongside recovery seed accessibility. Furthermore, the OLED screen helps you monitor transaction details with a double tap button. It is important to note that you should only purchase the Ledger Nano S from the official website. IOTA Wallet Trinity The IOTA wallet trinity is for both mobile and desktop versions. On mobile, it is available on Android and iOS version while on the desktop it supports Windows, Mac, and Linux operating systems. It is among best IOTA wallets with an impressive user interface. Everything about this wallet is automatic. Users are only key in the address and the wallet takes over. The wallet was developed by a student at the University College London (UCL). On the security aspect, the IOTA wallet trinity is secure. You can back up all your data and retrieve it in case it is lost. The wallet which is still undergoing upgrades will also support various languages. GUI IOTA Light Wallet The GUI IOTA Light Wallet is part of the IOTA’s graphical user interface. This capability makes it easy and quick to

17 days ago

Going live again! Tune in at 3pm UTC today: ...

Going live again! Tune in at 3pm UTC today: https://t.co/WZOoS3tsUT Hot on topic: ☑️ who's reached their funding g… https://t.co/wi4PKPJiZu

17 days ago

XRP community calls out Coinbase over misleading claim that ‘XRP is permanently lost’

XRP community rejoiced on the coin finally getting listed on Coinbase exchange, however, their happiness was short lived as the users were told by the exchange that their XRP is “permanently lost”. After adding the third largest cryptocurrency to their exchange, when the users tried sending XRP to another user through Coinbase, their XRP was reported to be lost. There was an error on the user’s end of typing wrong destination tags, used by XRP. As the tag generally helps the exchanges to make sure the funds go to the right user, in case of Coinbase, it e-mailed the customer that “Because you used an incorrect Destination Tag with your XRP transaction, Coinbase is not be able to recover your cryptocurrency as it is permanently lost.” It is deemed to be important for a user to insert correct number when sending XRP to exchanges, however, due to human error, the number entered by a user can be wrong and most exchanges practice in manually allocating these funds to the customer as Bitrue does. However, Coinbase did not. This has caused an uproar in the community and the XRP community is calling out Coinbase on this and not being prompt to fix this problem. Wietse Wind, xrptipbot developer and a prominent part of the XRP community wrote Coinbase: “Now I’m getting frustrated. @coinbase: this is simply *not true*. “Coinbase is not able to recover is permanently lost” The XRP most definitely *isn’t lost*, it’s in your hot wallet! And you’re not “not able” to recover, you simply REFUSE TO. This is misleading.” There is an ongoing debate in the crypto community about this issue and Coinbase’s unwillingness to fix this issue. Matt Hamilton noted that according to his knowledge this is a user experience or “UX issue in the wallet being used that cause the user to mistakenly omit the tag.” However, he was contradicted by Wind himself as he explained this is not a technical issue and such a problem has occurred with TipBot. Wind said: “Or (and this happens with the TipBot every now and then as well) people enter the tag, but a wrong (non existing) one. Shit happens. That shouldn’t result in loss of funds.” This event has prompted many users to switch exchanges as Twitter users discussed the efficiency of other exchanges like Binance and Bitrue. This situation appears to be a loss for Coinbase as the Chief Executive Officer [CEO], Brian Armstrong and the Exchange have not officially acknowledged the issue. The post XRP community calls out Coinbase over misleading claim that ‘XRP is permanently lost’ appeared first on AMBCrypto.

17 days ago

Holo Price Resumes Bearish Trend as Value Seems Poised to Drop Below $0.001

Even though the vast majority of cryptocurrency markets are showing upward momentum, there will always be unusual exceptions. While the Holo price captivated a big audience weeks ago, it now seems to keep declining at an alarming pace. If the value were to drop below $0.001 once again, things can get very ugly really quick. For now, it seems there will be no imminent course reversal to speak of. Holo Price Remains Stuck in a Slump Not too many people will be surprised to learn Holo is facing a fair bit of bearish pressure right now. Although this altcoin made traders a lot of good money in the past few months, the good times are almost over, by the look of things. Most of the gains noted in the past few months have been obliterated and the price is slowly returning to its normal value. For those who bought in near 40 Satoshi, there are some troublesome times ahead. Over the past 24 hours, the Holo price lost another 5% in USD value, driving the price down to $0.001024. There is also a 5.4% decrease in BTC and ETH value. One HOT is now valued at 26 Satoshi, which is a fair bit lower compared to the 42 Satoshi earlier in the year. There is seemingly no indication this trend will stop anytime soon either, thus there may be a lot of further pressure up ahead. What is even more remarkable is how there are some promising ecosystem developments to take note of. The ongoing “collaboration” between Holochain and Firefox has people excited. However, that will not necessarily impact the HOT price in any significant manner. Holochain and HOT are two very different things, even though they are also entwined in many different ways. What kind of cooperation is Holochain going to have with Firefox? #holochain #holo #hot $holo $hot #firefox pic.twitter.com/vISDLxJ7Dy — Crypto_Girl (@tadkis) March 6, 2019 It would also appear a lot of investors and holders expect Holo to effectively do a 100x in value over the coming years. While that is a commendable train of thought, it seems rather unlikely something like that will happen in the near future. The low value of HOT may make it seem appealing, but it seems the momentum is still not in favor of the altcoin whatsoever. $Hot because 1) Partnership with Mozilla in order to gain cloud computing market share 2) It's cheap at .001 so the amount of volume needed to do 100x isn't as substantial as most other coins that also have good partners 3) it's a new category, superior to blockchain#holo — Adouble212 (@adoudble212) March 7, 2019 When it comes to actual “trading advice’, it seems Minexpert maintains a very bearish outlook first and foremost. As the value dropped below 32 Satoshi, it seems safe to assume the downtrend will continue even further. Although it wouldn’t take much trading volume to send HOT in an upward spiral again, there are so many stacked sell orders to make it seem unfavorable and unappealing. #Holo 100 ma'nın 200'ü kırması tamamen gerçekleşti.Fiyatlarda iyi bir toparlanma olmazsa eğer (31,32 satoshi), holo için orta vadeli bir ayı(düşüş) dönemi söz konusudur.Ufak fiyat artışlarında paniğe kapılmamanızı öneririm, bu düşüş dönemleri kolay kolay kırılmaz.#holochain pic.twitter.com/BVgyo08duS — minexpert (@madenuzmani) March 6, 2019 Despite the overall positive crypto market trend, it would appear things are not looking too great for Holo as of right now. Turning this ship around will be difficult, if not impossible. As there is seemingly no interest in buying and holding HOT at this time, the price will potentially drop below $0.001 fairly soon. That won’t be the end for this altcoin whatsoever, although it will make a lot of traders and speculators unhappy first and foremost. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Holo Price Resumes Bearish Trend as Value Seems Poised to Drop Below $0.001 appeared first on NullTX.

17 days ago

QuadrigaCX granted a 45-day stay on proceedings by Canadian Court

The QuadrigaCX saga is far from over, but the latest development has brought some relief for the controversial exchange. A Canadian court granted QuadrigaCX a 45-day extension to recover the missing crypto assets which accounted for nearly $190 million. The next hearing is scheduled for April 18th, before which the creditors cannot charge the exchange legally. The company had filed for creditor protection at the end of January this year and has been under protection since February 5th. The 45-day reprieve was rendered by the Nova Scotia Supreme Court Justice, Michael Wood. During the hearing, the Court granted Ernst & Young [EY], the financial audit giant access to the company’s data stored on the cloud through Amazon Web Services [AWS]. Stikeman Elliott was appointed to represent the audit firm to monitor the crypto exchange. Wood further appointed a Chief Restructuring Officer, Peter Wedlake, Senior Vice President at Grant Thornton, to work under the direction of E&Y. QuadrigaCX reportedly owed an additional amount of nearly $70 million funds to its users that are held by third-party payment agencies, adding to the customers’ woes. According to reports by E&Y, the exchange’s cold wallets were empty since April 2018. Following this report, E&Y shifted its focus to the hot wallets. The latest twist in the plot was reported by ZeroNonCense, a cryptocurrency research and consulting platform. According to the platform, a significant amount of Ethereum [ETH] was deposited to Kraken, Bitfinex, and Poloniex from QuadrigaCX. Recently, the San Francisco-headquartered exchange, Kraken, promised a reward of $100,000 to anyone who provided information regarding the exchange’s missing funds. Since the sudden death of CEO Gerald Cotten, the Vancouver-based exchange’s recovery process has run into dead-ends. According to Jennifer Robertson, the CEO’s widow and his company, Cotten had the sole knowledge of the exchange’s cold storage private keys. Additionally, Robertson has now asked the court to pay her compensation for the legal costs incurred during the legal proceedings by E&Y. The post QuadrigaCX granted a 45-day stay on proceedings by Canadian Court appeared first on AMBCrypto.

18 days ago

Best NEO Wallets in 2019

When NEO came into the market, it was dubbed as the “Ethereum killer” based on its development structure. Basically, NEO is a cryptocurrency designed to set up a scalable network of decentralized applications. The NEO tokens are the native asset for the NEO blockchain. The non-dividable asset generates GAS tokens used for transaction fees on the NEO network. According to cryptocurrency experts, NEO is a major Ethereum competitor which was build based on a single development code. On the other hand, NEO has the ability to support numerous development languages. Under NEO, developers have the freedom to set a diverse ecosystem. On storage of NEO assets, we have a wide range of wallets with different features. However, with NEO’s market growth, we have had a number of scammy wallets hence users are supposed to be on the lookout. Here are some wallets that will guarantee the safety of your NEO tokens. Neo Wallet Ledger Nano S The Neo Wallet Ledger Nano S is an offline wallet for cryptocurrencies. It is important to note that offline wallets are the most secure when it comes to storing digital assets. Due to its versatility, the Ledger Nano S becomes one of the best NEO wallets. Apart from NEO, the wallets support more than 25 other cryptocurrencies. The wallet has unique security features meant to keep hackers at bay. The Nano S has two physical buttons that are pressed simultaneously to verify transactions. In case the wallet is lost, your NEO assets are still safe due to the PIN code feature. Furthermore, the wallet has a two-factor authentication feature. These capabilities make The Ledger Nano S one of the best NEO wallets out there. NEON Wallet It is the best Neo wallet because it has received an endorsement from the NEON development team. According to NEO developers, users should not be worried about the security of their tokens by using the NEON Wallet. The wallet was designed with beginners in mind. It is easy to install and use alongside a good user interface. On safety matters, the NEON wallet developers ensured the private keys are not stored on the NEO servers to give you full control of your funds. At the moment, the NEON lightweight client wallet is available on Windows, Mac and Linux operating systems. The NEO GUI Wallet The NEO GUI wallet is the product of NEO developers and it is the official wallet for the desktop. The wallet synchronizes with the entire NEO blockchain allowing you to set up a new wallet with password protection. Further, it allows backing up of your data by importing your private keys in WIF or HEX format. You can conduct transactions in both NEO and GAS alongside with GAS generation rewards. The wallet is currently available for Windows 7 operating systems and has both English and Chinese functionality. NEO Tracker NEO tracker gives you control over your assets making it one of the best NEO wallets in the market. It is a light web wallet that comes with a friendly user interface. Transaction on the Neo tracker is stress-free in terms of security. All the keys are not stored on the NEO Trackers servers. You can log into the wallet using the private keys or keystore file. Furthermore, creating a new wallet is very easy as the navigation is clearly set out. This NEO wallet supports chrome and edge browsers. InWeCrypto Wallet InWeCrypto wallet supports a wide range of assets including NEO. It also supports all Ethereum based tokens. The wallet offers smart ways of managing your NEO assets. On the security side, the wallet comes with the mnemonic backup alongside private keys. Additionally, the wallet provides room for the trading of the NEO assets in one click. Aphelion Wallet Aphelion is a peer to peer trading platform set up on the NEO blockchain. It also comes with a wallet based on peer-to-peer trading experience to cryptocurrency traders. The Aphelion wallet caters for both desktop and mobile users. It is among the latest to support NEO tokens. Aphelion wallet is proving to be one of the best NEO wallets based on its impressive user interface. O3 Mobile Wallet This mobile wallet works for both Android and iOS devices. It has gained a reputation as one of the best iOS wallets for NEO with a friendly user interface. It offers the perfect platform for managing NEO tokens. Unlike other wallets, the O3 Mobile Wallet allows real-time monitoring of the NEO assets. With the Android version, users can split their digital assets into a hot storage address and a cold storage address. Notably, it is an open source wallet. Ansy Neo Paper Wallet It is among the few paper wallets that support NEO tokens. Using the Ansy Neo Paper Wallet guarantees the security of your tokens. Generally, paper wallets are among the most secure to store NEO tokens. The Ansy Neo Paper Wallet allows users to print their encrypted keys and store them in a secure place. The keys only come out when you want to transact. In simple terms, the printed paper will remain secure if stored properly. NEO CLI The

18 days ago

Tether & TRONs Collaboration Could See Big Gains for the Market

In a recent statement, TRON announced the news and added a few details saying that the TRON blockchain-based asset a “TRC20-based USDT”. This would be in a similar sense the Ethereum-based ERC20 tokens. Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain. Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6 — Tether (@Tether_to) March 4, 2019 In the statement provided by Tether is says, “the TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.” Jean-Louis Velde, the CEO of Tether has said the following, “We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.” The statement from Tether it started its operation in 2014 and has since utilised “Bitcoin-based USDTether issued via the Omni Layer Protocol.” In addition to this, they mentioned an ethereum-based ERC20 variety. In October last year, data surfaced which showed the Omni Layer Protocol which held around 2.5 billion Tether and according to Etherscan, around 60 million Tether tokens are currently in existence in the ERC20 variety. Stablecoin Stablecoins have been a hot topic in the crypto space lately and with many projects looking to prove themselves. In addition to this, there have been a lot of exchanges which have started to list numerous different stablecoins too.

18 days ago

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

CoinSpeaker TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time TrustToken, a relatively new blockchain startup, has decided to celebrate the one-year anniversary of its stable coin TrueUSD with a set of new standards for it. The company has added real-time confirmation of funds, which means TrueUSD traders will be able to view a real-time dashboard of TrueUSD funds. To make this effort, TrustToken has partnered with Armanino, one of the top 25 largest independent accounting companies. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard will be launching in April. https://t.co/DyQMdmAxT2 — TrustToken (@TrustToken) March 5, 2019 According to TrustToken, the real-time dashboard providing the new feature has been developed independently by Armanino. It will provide third-party confirmation and run their own Ethereum nodes to ensure accurate TUSD token supply, with TrustToken acting as an exclusive client. This adds transparency to the market regarding TrueUSD funds. Rafael Cosman, the TrustToken co-founder, stated: “We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products.This sets a new standard not only for stablecoins, but for all tokenized assets in the future. With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” He added: “TrustToken built the infrastructure and the process that all other competitors are now using or attempting to emulate. This process set the standard for monthly attestations. We think that the new standard should move towards full transparency of the underlying funds, which means that users can view the real balance of the funds that collateralize TrueUSD in real time.” Noah Buxton, Director of Risk Assurance & Advisory at Armanino, believes that TrustToken is an ideal partner for them: “We believe continuous assurance and audit is no longer a far-off future, but rather an imminent reality.” The companies promise to launch the dashboard by early April. Other TrustToken Innovations Other novelties introduced by TrustToken include reducing the minimum TrueUSD purchase and redemption amount to $1,000 and launching a 1-click redemption process that enables verified users to send TrueUSD tokens to their personal redemption address from any wallet, as US dollars are automatically wired to their bank account. Stablecoins have been a hot topic for discussion. One of the most talked about stablecoin is Tether (USDT) that has recently been audited to bring some clarity regarding the actual dollar supply backing each token. To solve the issue of such unawareness, Armanino developed its dashboard. TrueUSD tokens will be easily confirmed, and users will feel safe knowing the number of assets held in collateral by TrustToken and the scope of balances across the network. Rafael Cosman said: “The balances of TrueUSD funds in the escrow account (also not controlled by TrueUSD) and TUSD tokens in circulation always match 1-for-1.” He further explained: “To do this, Armanino runs their own Eth node to directly connect information from the blockchain to the actual funds in the bank account. The current process that all major regulated stablecoins use is to go through this process one time per month. The new dashboard will provide updates in minutes, not weeks or months.” Cosman concluded: “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability. TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds.” With this initiative, TrueUSD is the first stablecoin that offers such an opportunity. About TrueUSD TrueUSD is a blockchain-based stablecoin backed 1-for-1 with US Dollars. TrueUSD offers token-holders full collateral, regular attestations of escrowed balances, and legal protections against misappropriation of underlying USD. It is listed on multiple exchanges including Binance, OKEx, DigiFinex, Bittrex, and Huobi. Recently, a new smart contract for TrueUSD has been launched. Moreover, TrustToken released AutoSweep feature to let exchanges create unique TUSD deposit addresses to be automatically settled into a primary wallet. AutoSweep is expected to revolutionize the way of managing user addresses for exchanges. TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

18 days ago

Tron joins up with Tether to see USDT on Tron blockchain

In continued growth during the bear market, Tron and Tether have announced collaboration. Tether’s USDT will see introduction onto Tron’s blockchain. Tether provided details in a statement on its website, calling the Tron blockchain-based asset a “TRC20-based USDT,” similar in name to ethereum-based ERC20 tokens. Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain. Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6 — Tether (@Tether_to) March 4, 2019 “The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network,” the statement explained. Tether CEO Jean-Louis der Velde has said the following: “We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.” According to CoinTelegraph’s coverage of the news, USDT should see introduction onto Tron’s blockchain by this year’s second quarter. USDT on multiple blockchains already The statement from Tether noted its operation (Tether) originally saw inception in 2014, and has utilized “Bitcoin-based USDTether issued via the Omni Layer Protocol,” as well as the mentioned ethereum-based ERC20 variety. As of October 2018, data from BlockSpur showed the mentioned Omni Layer Protocol held roughly 2.5 billion Tether. According to Etherscan, roughly 60 million USDT currently exist in the ERC20 variety. Tether’s past Tether has received significant scrutiny over the past couple of years due to allegations of insolvency. However, no conclusive evidence has come to light proving such allegations. In an odd turn of events back in October 2018, Crypto Insider reported on bitcoin’s exchange-specific rally to $7,000. In the same time period, USDT dropped significantly in price, which is not technically a norm as far as stablecoins are concerned. An article from Bloomberg in December 2018, however, seemed to reveal some positive information on Tether’s U.S. dollar backing. Stablecoin mania Stablecoins have been a hot topic in the crypto space lately, with many projects looking to prove their clout. Exchanges have even begun listing several different stablecoin options. On March 5, 2019, Crypto Insider also reported on new features from TruUSD (TUSD). The project announced a partnership with top accounting firm Armanino. Through the partnership, the public will be able to see real-time TUSD fund backing confirmation. The post Tron joins up with Tether to see USDT on Tron blockchain appeared first on Crypto Insider.

19 days ago

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

Since the latest Electron Cash SLP version release and the newly published Badger Wallet extension, Bitcoin Cash (BCH) supporters have been creating an abundance of tokens. Because the tokens are so simple to develop, BCH enthusiasts have created tokens for fun, giving them names like ‘XRP Cash,’ ‘Doge Cash,’ and even ‘BSV Cash.’ The following step-by-step walkthrough details how to create an SLP-based token on the Bitcoin Cash network and distribute them to friends and family. Also read: An In-Depth Look at Ethereum’s Maker and Dai Stablecoin Creating a Custom Token on the BCH Chain Using the Simple Ledger Protocol Ever since the inception of BCH-based token creation applications, Simple Ledger Protocol (SLP) and Wormhole-launched tokens have been a hot topic. Now anyone can create tokens on the BCH network using these protocols, and over the last week, the BCH community has been messing around by creating different kinds of tokens to share for fun. In this guide, we will be discussing how anyone can create a token using the Simple Ledger Protocol (SLP), a project spearheaded by the developer James Cramer with help from programmers like Jonald Fyookball, Calin Culianu, Gabriel Cardona, SpendBCH, and Mark Lundeberg. Creating a token using the SLP version of Electron Cash is very easy and only takes a few pennies’ worth of BCH to get started. Step 1: Download Electron Cash SLP Version 3.4.5 The first thing you need to do to create a token on the BCH chain is download the latest version of Electron Cash that includes SLP integration. The SLP code is open source and individuals who are tech-savvy can review the SLP source code hosted on Github. Electron Cash SLP version 3.4.5 can be found at the official website, for Mac and Windows operating systems. The Electron Cash SLP edition can be found on the official website. After downloading a new application, you can simply create a new wallet or import an existing wallet into Electron Cash SLP version 3.4.5. A small fraction of funds (a nickel’s worth will suffice) is required to create a new SLP token. So if the wallet was created from scratch, you need to send some dust to the wallet first to move onto the next steps. How the Electron Cash SLP version looks. Step 2: Send Funds to the Electron Cash SLP Wallet and Create a Custom Token In our example, we sent $1 worth of BCH to the Electron Cash SLP wallet and waited for the transaction to confirm. After about 10 minutes the transaction was confirmed and we opened the wallet in order to access the token creation settings. The SLP wallet is identical to the original Electron Cash wallet but the logo is green and the wallet’s interface has new ‘Tokens’ and ‘SLP history’ tabs. In the ‘token tab’ section, right click and select ‘Create a new token.’ When the initial BCH is confirmed, head over to the ‘tokens’ tab and right click below where the transaction history is usually displayed. By right clicking in this area, the wallet will give two choices: ‘Add an existing token’ and ‘Create a token.’ Simply press ‘Create a token’ and a second window will pop up that allows you to custom-build your own SLP token on the BCH network. Step 3: Customize the Token Name, Ticker, Quantity, Receiving Address, and Optional Attachments The customizations include token name, token symbol (optional), token quantity, and the receiving address. It also includes the ability to append an optional URL, document hash, and how many decimal places will be included so the token can be divided. Additionally, the creator can customize the quantity created and whether or not the token will have a fixed supply. Customizing the SLP token before broadcasting it to the BCH ledger. Step 4: Preview and Broadcast You can now preview the token or create the token onchain, which will only cost a tiny network fee. After the tokens are created, the Electron Cash wallet will give a transaction ID that can be used on a block explorer to view the genesis creation. From here, you can send the tokens to another SLP compatible wallet like the Badger wallet extension and utilize the coins for whatever you desire. SLP created tokens can only be seen by a compatible wallet and an SLP address format looks like this: simpleledger:xxxxxx followed by an alphanumeric string. SLP tokens need to be sent to SLP addresses or the tokens could get lost in a wallet that doesn’t recognize the tethered data. Users can preview the token data before broadcasting. Bitcoin.com developer and Bitbox creator Gabriel Cardona has published a PR template for individuals and organizations wishing to create tokens. This means token creators can include a token name, symbol/ticker, genesis TXID and asset templates in sizes between 32×32, 64×64, 128×128 and SVG. “We hope this helps with token interoperability between Bitcoin Cash apps,” Cardona tweeted on March 4. The Satoshi Cash Experiment On Feb. 4, I decided to have some fun and create a new token called Satoshi Cash (STC) and distrib

19 days ago

TrueUSD partners with Armanino, announces real-time stablecoin confirmation

The past several months have seen many different stablecoins hit media headlines. Adding to the already competitive stablecoin space, TrustToken has announced a partnership with a top accounting business to provide new capabilities. A new method of trust According to a press release submitted to Crypto Insider, TrustToken, with its TrueUSD (TUSD) stablecoin, has partnered with top accounting business Armanino to provide real-time stablecoin confirmation. Noted on Armanino’s website, the firm is “one of the top 25 largest independent accounting and business consulting firm[s] in the United States.” Armanino independently built a “real-time dashboard”, which integrates third-party validation, for exclusive use by TrustToken, the press release said. Essentially, the dashboard should provide added transparency to the market regarding TrueUSD funds. Stablecoin backing has been a hot topic in crypto. Tether’s USDT stablecoin, for example, has seen significant scrutiny over past months due to lack of clarity regarding the actual dollar supply reportedly backing each token. Armanino’s dashboard aims to solve this issue, allowing for fast confirmation of TrueUSD funds. Rafael Cosman, co-founder and head of engineering and product at TrustToken, explained via email correspondence with Crypto Insider, that Armanino verifies “that the balances of TrueUSD funds in the escrow account (also not controlled by TrueUSD) and TUSD tokens in circulation always match 1-for-1.”. Through providing users access to check the backed funds creates a true real-time stablecoin confirmation that may be checked anytime. Cosman continued to explain further: “To do this, Armanino runs their own Eth node to directly connect information from the blockchain to the actual funds in the bank account. The current process that all major regulated stablecoins use is to go through this process one time per month. The new dashboard will provide updates in minutes, not weeks or months.” This dashboard should see a public launch by early April, the press release said, giving the public the ability to see TrueUSD amounts and collateral on Armanino’s website. In the mentioned email correspondence, Cosman spoke on TrustToken’s previous methods comparative to the market. “TrustToken built the infrastructure and the process that all other competitors are now using or attempting to emulate,” he said. “This process set the standard for monthly attestations. We think that the new standard should move towards full transparency of the underlying funds, which means that users can view the real balance of the funds that collateralize TrueUSD in real time.” Cosman also stated the importance of trust in the process. “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability. TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds,” Cosman added in the correspondence. Armanino’s director of risk assurance and advisory Noah Buxton sees TrustToken as an established player in the market. “With their proven track record and pioneering mindset, we see TrustToken as the perfect client partnership to drive innovation in the crypto and accounting industries,” Buxton said in the press release. Lower minimums TrustToken also is announcing a lower redemption and purchase minimum, from $10,000 to $1,000, Cosman said in email correspondence. Former $10,000 requirements stemmed from banking and other partnership abilities. “We have spearheaded the infrastructure that connects any real-world asset to the blockchain, something that banks and trust companies had never dealt with in the past,” he said. Although, through TrustToken’s efforts, the level has been lowered to $1,000, with the company looking to potentially remove these minimum requirements on the whole in the future. The post TrueUSD partners with Armanino, announces real-time stablecoin confirmation appeared first on Crypto Insider.

19 days ago

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.QuandrigaCX has been entrenched in a solvency scandal ever since its founder’s untimely death in December of 2018. Gerald Cotten passed away while honeymooning with his wife, Jennifer Robertson. According to his widow and his company, he died with the sole knowledge of the exchange’s cold storage private keys and seed phrases. The exchange filed for creditor protection on February 5, 2019.Ernst & Young (EY) was appointed as monitor over the case, and it’s now saying that the long sought-after funds in QuadrigaCX’s elusive cold wallets aren’t there. The wallets are empty and have been for almost a year, the accounting firm writes in its third report for the Nova Scotia court. It also reports that it has secured some $25 million CAD in customer funds from QuadrigaCX’s payment processing partners. It also revealed that QuadrigaCX had 14 accounts open on various exchanges, that these exchanges hold some of the previously inaccessible funds and that most, if not all, of these accounts were opened under alias identities.And if that weren’t enough to chew on going into today’s hearing, Kraken CEO Jesse Powell told Fortune and Forbes that he has been contacted by the Royal Canadian Mounted Police (RCMP) and FBI about the situation.Cold Wallets Give the Cold ShoulderThe most salient (if disheartening) finding in EY’s third report is the apparent emptiness of QuadrigaCX’s cold storage. More salient still is how long they’ve been empty.Upon review by the monitor, the following addresses have been identified as QuadrigaCX’s former cold storage:1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa1JZJaDDC44DCKLnezDsbW43Zf8LspCKBYPEY gave no addresses for cold wallets compatible with any of the exchange’s other major cryptocurrencies, like ether and litecoin, though it mentioned that it is investigating three other potential cold wallets which may be related to the exchange.Of the Bitcoin wallets provided, five have been empty and inactive since April 2018 (with the exception of QuadrigaCX’s “inadvertent” sending of 104 bitcoin from its hot wallets to these addresses after filing for creditor protection). Only one, the sixth on the list above, has seen recent activity; its last transaction was December 3, 2018, an output that would empty the wallet completely six days before Gerald Cotten’s death. In total, 2,776 BTC ($14 million CAD at the time of writing) passed through the cold wallets. Even factoring in bitcoin’s price at its all time high, these 2,776 bitcoin would only account for just over $74 million CAD — just under a third of the $250 million the exchange owes its clients.The monitor indicates in the report that QuadrigaCX employees were unable to explain why the cold wallets have been empty for so long. Typically, exchanges keep the vast majority (~90-95 percent) of funds in cold wallets, and Robertson said in her affidavit that, to her knowledge, Cotten stored the majority of user funds in these cold wallets.In the same affidavit, Robertson attested that “most of [QuadrigaCX’s] business ... was being conducted by Gerry wherever he and his computer were located.”Ghost AccountsSince the monitor can’t find funds in QuadrigaCX’s cold wallets, it’s looking elsewhere, both internally and externally, at other exchanges, to be exact.“During interviews with the Applicants’ representatives, the Monitor was advised of fourteen (14) user accounts that may have been created outside the normal process by Quadriga,” the report reads.These “internally created” accounts were registered under various aliases “without a corresponding customer and [were] used to trade on the Quadriga platform.” Deposits related to these accounts “may have been artificially created and subsequently used for trading on the Quadriga platform,” a practice that could amount to fraud.The report continues to state that the monitor discovered “significant volume[s] of transaction activity” from each account, including withdrawals to addresses that do not belong to QuadrigaCX.Looking into QuadrigaCX’s ties to other exchanges, EY identified accounts at four other exchanges which were under the auspice of either Cotten or QuadrigaCX. Only one of these exchanges has responded to the monitor’s inquiry into Cotten/QuadrigaCX’s account activity, and the information matched with data QuadrigaCX provided relating to the accounts.The report does not disclose which exchanges were used, though the findings corroborate research James Edwards of cryptocurrency research site Zerononcense has published. In his latest trans

19 days ago

Holochain Dev Pulse 18: All Eyes on Holo Closed Alpha As Ho...

Holochain Dev Pulse 18: All Eyes on Holo Closed Alpha As Holo Closed Alpha steps up to the plate, all eyes are on… https://t.co/OMJkjbJ7dY

19 days ago

Bitrefill CCO continues to attack Coinbase; calls for CEO Brian Armstrong’s firing

The Coinbase controversy has been in the headlines for several weeks now, with many proponents voicing their concern following Coinbase’s acquisition of Neutrino. CCO of Bitrefill, John Carvalho, was one of them after he continued attacking the cryptocurrency exchange and its CEO, Brian Armstrong. Carvalho, better known within the community as BitcoinErrorLog, asked users to delete Coinbase, while calling for the removal of Armstrong. “Keep deleting @Coinbase. We learned a long time ago that Brian’s words, like his ethics, are bullshit. #firebrian #deletecoinbase” The Twitter cryptocurrency community blew up following the news, with the hashtags #DeleteCoinbase and #FireBrian trending after Carvalho led the attack. The reaction was attributed to Neutrino’s involvement with Hacking Team, well known within the crypto-space for their association with questionable governments and multinational companies. Brian Armstrong responded to the enraged cryptocurrency community via a blog post where he revealed that the Neutrino staff that previously worked for the infamous Hacking Team would be let go by Coinbase. His statement read, “We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase.” BitcoinErrorLog responded, “You’re going to have to explain how Coinbase’s hot pursuit of blockchain analysis at all costs is somehow in the interest of protecting civil liberties. Coinbase is not an extension of the government, is it? Coinbase is not part of investigative law enforcement, is it? Get real.” However, Coinbase’s response wasn’t enough to mollify the Twitter universe. @jason stated, “But you’re selling our rights away by giving away out information. This is beyond low, coinbase their standard is deception and manipulation because they believe you don’t deserve to know.” @Cardkillah responded, “Sorry, we don’t believe you. The same way FB “doesn’t sell any data,” and “our data and privacy is important.” I’ve been with Coinbase for a long time, and happy to cut ties. Just deleted my account. As the market expands, those who value privacy will have a loyal consumer base.” NYC Blockchain & Crypto tweeted, “Good move to rectify the situation. Please remember the rights of the individual and protection of civil liberties as the company continues to exponentially grow.” The post Bitrefill CCO continues to attack Coinbase; calls for CEO Brian Armstrong’s firing appeared first on AMBCrypto.

19 days ago

Underwriter Purports BitGo Exaggerated its Insurance Cover

One of the underwriters behind BitGo's $100 million crypto insurance policy has come out to state that the custodian has exaggerated the cover's scope. Per the underwriter, BitGo has been using 'ambiguous language' when addressing the public. In an email, the underwriter told Coinbase that when BitGo said the policy covers 'third-party hacks,' it implied that the insurance cover involves hacks on hot wallets, which is not the case. Per the official, the policy only covers theft or loss of assets that the custodian had stored in cold wallets. (KE)

19 days ago

Holo Price Faces a Crucial Struggle at 27 Satoshi

As most of the crypto markets are slowly turning bullish again, there is some room for cautious optimism. The Holo price is still under a bit of pressure right now, although that is to be expected at this stage. The new development roadmap shared with the community may effectively help this situation around pretty soon. Holo Price Tries to get Past the Hump Under the current market conditions, it will be somewhat challenging for alternative markets to regain their lost value in quick succession. Although some altcoins are moving up very swiftly, others try to take a slow and steady approach. Holo falls into the latter category as of right now, as its overall value is still in the red right now. That situation may not necessarily remain in place for much longer, though. Over the past 24 hours, the Holo price has lost 1.6% in both USD and BTC value. There is also a 2.4% decrease in HOT/ETH, which is perhaps a bigger hurdle to overcome in the next few hours. While this decrease is a bit problematic, it seems unlikely the Holo price will drop below $0.001 later today. The big question is whether or not the 27 Satoshi level will remain in place, or a push to 29 Satoshi will occur. The Holo team has released a development update pertaining to how their distributed hosting services will work. It seems a lot of development has already gone into this approach, although the work is never done. The big news is how Holo Hosting OS is ready for the HoloPorts, which will please a lot of HOT investors and ecosystem enthusiasts. Emerging Clouds—Distributed Hosting Update 01 A closer look at the Holo development process and its integrated layers of hardware, networking, applications, services, and protocolshttps://t.co/wOgg6BZ5ih#hosting #Holo #Holochain #crypto #cloudHosting #p2p #DHT #OpenSource — Holo (@H_O_L_O_) March 4, 2019 The Holo community is always looking toward the future, either for better or worse. It appears some people would like to see TronSecure add support for Holo, as well as a few other tokens and assets. It would certainly be interesting to see HOT getting listed on more platforms in the future, as it is not as widespread as one would assume. Tronsecure should add #Holo $HOT $ENJ #ENJIN #ENJCOIN include on $hybrid#exchange https://t.co/3cTufx5CiI — comuhealth (@comuhealth) March 5, 2019 For those traders who only care about the price chart, a very interesting scenario is becoming apparent. With Holo now entering the 27-28 Satoshi range again, a crucial time is upon the altcoin. If this level were to fail as support, there is a good chance the price will drop to the 233-24 Satoshi range shortly after. A very problematic outlook if it were to come true. Holo dün uyarısını yaptığım kanala doğru düşüşü gerçekleştirdi. Eğer kısa vadede önce 27-28 aralığına çıkamazsa bu kanalda kalıcı olabilir.Unutmayalım bu kanalda destek 23-24, direnç 27 seviyesidir.#holochain #holo #hot #holoturkiye #holofiyat pic.twitter.com/36oFjhoKGZ — minexpert (@madenuzmani) March 5, 2019 While all of the other markets show signs of potential growth, it seems things are a bit different where Holo is concerned right now. That doesn’t necessarily mean this particular market will resume its bearish trend, but there may be a few hurdles to overcome prior to getting in the green again. Its overall trading volume of $8.4m isn’t too impressive either, although it is in line with previous days and weeks. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Holo Price Faces a Crucial Struggle at 27 Satoshi appeared first on NullTX.

19 days ago

Here’s what $100 invested in the IPOs of your favorite stocks — and early-days bitcoin — would look like today

Getting into a hot stock at its IPO price is one thing. Holding on through every gut-wrenching twist along the way is another thing altogether. With that in mind, here’s a stock-market study in “what ifs.” What if you would have gotten in on bitcoin

20 days ago

Interview with Alex Gladstein from the Human Rights Foundation, and Leo Weese, President of the Bitcoin Association of Hong Kong

In this podcast interview, we get Alex and Leo’s take on China and Hong Kong’s approach to Bitcoin from a political, cultural and humanitarian perspective. We also talk in-depth about China’s technology and data control policies and mining. The podcast went over time, but there were so many great discussions that we made sure to include the entire 1 hour 15minute conversation in transcript below. Alex Gladstein is Chief Strategy Officer at the Human Rights Foundation. He has also served as Vice President of Strategy for the Oslo Freedom Forum since its inception in 2009. Leonhard (Leo) Weese, is the President of the Bitcoin Association Hong Kong. Alex Gladstein Hey, I’m Alex Gladstein. I’m the chief strategy officer of the Human Rights Foundation. We’re a non-profit that focuses on helping people who live under authoritarian governments. So we focus on closed societies and tactics and tools and strategies and sort of campaigns that might help people who live in places that don’t really have a Free Press or might have difficulty connecting to the financial system or let’s say the internet or who don’t enjoy the same sort of rights and freedoms that others do when it comes to things like being able to start a business or a local non-profit and things like that. So we’ve been looking at how technology can help people in tough political environments for a long time. Obviously things like encryption, VPNs. You know, avoiding censorship and surveillance has been a key theme. I think digital hygiene has become more and more important in the last few years especially.... And a couple years ago through you know engagement with a company called BitFury which started as a Bitcoin mining operation, we started to look at you know Bitcoin as one of these tools. So through my engagement with them and then a series of other companies in the wider cryptocurrency space and Blockchain space, I just started to get connected to people who are building and investing and thinking about the new world that Bitcoin and its brethren would bring about. And in particular, I started to get very interested in Bitcoin specifically as a liberation tool. I think it has some remarkable sort of aspects and attributes that make it really well-suited to help people who live in dictatorships and to help people who don’t have the luxury of being part of the modern financial system. So in particular, this ability to send money in a peer-to-peer way without having to go through the financial system you know if you have a basic phone and access to the Internet at either end, the ability for these two entities to transact with each other without having to ask permission, without needing a passport, without having to prove their identity or prove themselves to some sort of state approved entity is a pretty radical innovation. Truly radical innovation. I think on the same level that back in the 90s, the ability to start encrypting credit card information and stuff really helped give birth to the modern ecommerce society. I think Bitcoin is really starting to change the way that money can be moved abroad. And not just for individuals, but also for like regional agencies. So when we talk about whether it’s like sort of subdivisions of the UN or ACN you know thinking about helping people who don’t have access to money or services or who are victims of disaster or political attacks, things like that, I think this ability for good intentioned government entities to be able to send funds or resources directly to people without having to go through local governments is going to be really interesting, I mean your listeners should consider governments like the Burmese dictatorship for example who often try to bully international aid partners by saying like “no. We’ll only let you come in here and help people if you do X Y & Z.” I mean with Bitcoin, we can basically say screw you. Like we’re just going to give the money right away. So it’s kind of amazing to start to think about the impact it will have in the region you know especially given the backdrop of what’s happening in China obviously the region’s most powerful country most populous country where the government is using advanced technology to implement a pretty terrifying and comprehensive police state. Bitcoin remains something that and we can get more into this that they don’t seem to be cracking down on as much as they should or we think they would be and it remains a really interesting area for us to consider moving forward. Joyce Yang Yeah. I love to get in more detail to discuss both of you regarding this topic. Leo, why don’t you quickly introduce yourself to our audience as well. Leo Hi I’m Leo. I’m currently acting as president of the Bitcoin Association of Hong Kong. We are a not-for-profit that aims to bring the community together to get people to learn about Bitcoin, learn from each other, learn from guests, we hold meet ups and talks, panel discussion, seminars, an annual con

20 days ago

President of HKEx on incorporating Blockchain into the Shanghai-Shenzhen-Hong Kong Stock Connect

As a financial center of Asia, Hong Kong is a model of globalization. With the slowdown of global economic development in recent years, Hong Kong has been greatly affected. As one of the key technologies of financial technology, blockchain’s importance is self-evident for Hong Kong, which is a finance hub and is looking for technology breakthrough. On February 28, the Hong Kong Stock Exchange announced “Strategic Planning 2019-2021”. This three-year plan outlined the development blueprint for the Hong Kong Stock Exchange in the next three years. Through the “Strategic Plan 2019-2021” of the Hong Kong Stock Exchange, Li Xiaojia, president of the Hong Kong Stock Exchange, pointed out that in the future, the HKEx will accelerate pace of reforming its core system and improve efficiency of its market operations on the premise of ensuring stable operation of the market. In the adoption of new technologies, HKEx will gradually explore new technology applications including blockchain and cloud computing in a pilot-based manner. For example, the HKEx will apply blockchain technology in the post-transaction allocation of the Shanghai-Shenzhen-Hong Kong Stock Connect. At present, the development of blockchain is getting more and more fierce. On February 28th, China Internet Network Information Center (CNNIC) released the 43rd Statistical Report on Internet Development in China. According to the report, as of June 2018, the number of blockchain companies in the United States, China, and the United Kingdom ranked top three. A total of 298 companies in China are active in the blockchain industry ecosystem. The top five cities in terms of blockchain enterprises are Beijing, Shanghai, Shenzhen, Hangzhou and Guangzhou. Among them, Beijing ranks first among 175 blockchain enterprises. In 2017, the Hangzhou government plans to build a “blockchain city”. This move is an attempt to realize the “Blockchain 10 Policies” in Guangzhou Huangpu District and the development zone. In April 2018, the “Hangzhou Blockchain Industrial Park in China” was established, consciously occupying the active position, actively guiding the development of the industry and seizing the commanding heights. Domestic mainstream first-tier cities have entered the blockchain as well. In foreign countries, in 2014, the United States has begun to think about cryptocurrency regulation. The SEC (US Securities and Exchange Commission) has repeatedly talked with the cryptocurrency world. In recent years, the SEC has approved the STO project, New York. The approval by the Financial Bureau for stable currency is closely related to research over the years. Singapore, the blockchain launched in 2016 The “Sandbox” mechanism has worked and more than 200 Chinese companies have landed in Singapore. Whether Hong Kong can take the lead in seizing the highlands and become a blockchain city under the pressure of internal and external pincers will become the focus of all parties’ attention. In fact, Hong Kong has maintained a cautious attitude towards cryptocurrencies and exchanges with financial attributes. There are even comments that Hong Kong’s attention on blockchain does not match its financial status in a global context. Subsequently, November 1, 2018, the Hong Kong Securities and Futures Commission issued a new regulation for virtual assets called the “Regulatory Framework on Management Companies, Fund Distributors and Trading Platform Operators for Virtual Asset Portfolios”. This marks one of the first moves made by the regulators. Some pointed out that while this seems to be a regulatory policy, but in fact, its Hong Kong’s way of accepting cryptocurrencies and their exchanges. Some even commented that Hong Kong has since become a “digital currency port” and can once again be on par with London and New York. In fact, on November 2, 2018, Li Xiaojia has revealed that the HKEx is creating a blockchain system that will be integrated with the Shanghai-Shenzhen-Hong Kong Stock Connect. Today, Li Xiaojia once again emphasized this point in the Strategic Plan of 2019-2021. It can be seen that Hong Kong is expected to seize the trend of Blockchain city with Shanghai-Shenzhen-Hong Kong Connect. Li Xiaojia also said that the Hong Kong Stock Exchange will incorporate blockchain to trade in the northbound direction of Shanghai-Hong Kong Stock Connect, or introduce a blockchain clearing system. In addition, according to the Hong Kong Economic Times, the Hong Kong Stock Exchange will launch a new three-year strategic plan next year. When Li Xiaojia attended the forum, he said that the HKEx is eager to innovate and will start investing and comprehensive reforms in the future, not only in the regulatory front, but also on exchange innovation, including research on automate procedures, test blockchain technology, also consider setting up a the world’s first data exchange. Analysts pointed out that a series of policies and geographical advantages show that Hong Kong is becoming

20 days ago

15 Ways to lose your Bitcoin; and how to avoid it

Research firm Chainanalysis estimated that as much as 20% of all Bitcoin in existence is lost forever. At the time the study was released that was about 3.8 million Bitcoins that could never be recovered. In this article, we will explore all the possible ways one can lose their Bitcoins. Cryptocurrency hackers Cryptocurrency exchange hacks account for the majority of Bitcoin lost. Exchanges are popular targets for cybercriminals making up 27% of the attacks in 2018. Mt. Gox was the first high profile hack in cryptocurrency but since then many major exchanges have been hacked including Bitfinex, Bitstamp and most recently New Zealand based cryptocurrency exchange Cryptopia lost 9.4% of their total holdings. Phishing Cybercriminals stealing peoples Bitcoin by fraudulently obtaining usernames, passwords and login into hot wallets and withdrawing all coins. Some of the most common cryptocurrency phishing scams are fraudsters impersonating exchanges using email templates and emails that closely resemble emails from the exchange, which often require you to click on a link to correct an issue with their account, this link leads to a fake page that collects your login details. Remarkably, Ethereum is the hottest target for phishing schemes. Ponzi Schemes A Ponzi scheme is a form of fraud where early investors are paid out quick profits with funds obtained from the most recent investors. A Ponzi scheme has no realistic way of making money and offers people unrealistic returns. In crypto, an example of an alleged Ponzi Scheme is the BTC Global scheme which promised it’s investors returns of “2% per day or 14% per week.” About 28000 South African Investors lost about R1 Billion. Fake cryptocurrency wallets Fraudsters create fake wallet apps and list them on google play store, they usually mimic real cryptocurrency wallet apps. Their purpose is to get peoples credentials or steal peoples crypto. Some of this apps request users private keys and wallet password after launching them so that those details can be used to withdraw crypto from the real wallets whereas the others are just wallets that allow you to deposit but not to withdraw once you have sent the crypto. Catfishing Fake social media accounts are created impersonating reputable cryptocurrency projects or people. This is used in combination with phishing to get access to user accounts login details, for example, you get a fake twitter account impersonating the founder of Ethereum and that account tells you that if you deposit your ETH into an account, your ETH will be doubled. Not only are crypto-reputations used for catfishing schemes, financial and celebrity figures such as Richard Branson are used. Malware Malware on torrent sites and Google Play Store is built to steal Crypto from vulnerable sorts. For example, there is a malware program Clipper which uses the act of users copying and pasting wallet addresses to steal crypto. For example, if you send BTC to an address you usually copy and paste the address because it’s a long string of random characters, the clipper malware would then swap the wallet address when you paste which means you would send crypto to the wrong address. Fraudulent ICOs People who are new to crypto fall prey to fake initial coin offerings (ICOs) who advertise themselves as a new cryptocurrency investment that will yield high returns. They utilise the fear of missing out (FOMO) only for the projects never to materialise and the funds are never returned to the investors. Experienced investors know how to analyse projects based on the team to assess if they have the skills to deliver on their promises and whether there is already a minimum viable product etc. One of the more famed fraud ICOs is Centra, which was endorsed by Floyd Mayweather. Pump and dump schemes A pump and dump is price manipulation, fraudsters use social media groups to hype up projects or tokens known as “shit coins” because they add no value or have no real use-case which goes up exponentially in value overnight. Once the value increases, the fraudsters sell their tokens and soon after the massive sell off the token price sinks dramatically causing the people who held on for longer or who bought at higher prices to make massive losses. Celebrities or people are also used to create hype around said “shit coins”. Lost or damaged cold storage device There are stories of people who got involved early in Bitcoin when it was not worth much and they threw away their old computers, misplaced hardware wallets etc or their computers were damaged. Carelessness Sending your Bitcoin to wrong addresses, some wallets and exchanges have options that prevent users from sending coins to the wrong wallets (non-Bitcoin). Misplaced private keys People lose their private keys or the owners of the wallets and private key dies without sharing them or their location with anyone else. A recent example is the recent death of Gerald Cotton, who was the CE

20 days ago

An In-Depth Look at Ethereum’s Maker and Dai Stablecoin

Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked into a smart contract. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Maker and Dai The following is an overview of how dais are created within a network called the Maker DAO and why some cryptocurrency enthusiasts seem to like the concept better than its fiat alternatives. But there’s also a slew of critics who dislike the Maker project for a multitude of reasons that could theoretically hurt a few individuals’ dreams of the perfect stablecoin backed by crypto assets. The Ethereum network has a popular decentralized autonomous organization (DAO) called Maker, which is now well known for creating a cryptocurrency-backed stablecoin called dai. The Single-Collateral Dai (SCD) system, launched in December 2017, allows anyone to leverage their ETH in order to create a stablecoin that keeps price valuation down to around $1 most of the time. Over the last 14 months of operation, the Maker DAO has become the most popular Ethereum-based system in 2019. At the time of publication, there’s more than 1 percent of the entire ETH supply in circulation locked up into the Maker system as there’s 2.1 million ETH used as collateral. The Maker team consists of CEO Rune Christensen, CTO Andy Milenius, President Steven Becker and roughly 18 other leaders. The community is relatively small but has been growing since the project’s inception. Maker and the stablecoin dai community have a blog, a chat forum, and its own subreddit where individuals discuss the nascent ecosystem. At press time, dai is ahead of the stablecoin GUSD with the 55th largest market capitalization of around $89.3 million. There are two fundamental differences between Maker’s dai and other stablecoins like USDC, GUSD, and USDT. For one, dai is not backed by fiat reserves held in a bank like a great majority of its stablecoin peers. The other difference is that fiat systems are collateralized by the company’s word and third-party audits while the transparency of dai can be seen onchain at all times. Basically, dai holds stability because ETH is locked into a contract used in a system called a Collateralized Debt Position (CDP). A user wanting to acquire dai sends the ETH to a CDP and can withdraw dai from there. However, the collateralization ratio uses a method called overcollateralization (OC), which helps lower the system’s exposure to risk and keeps the credit (dai) through Maker’s autonomous feedback mechanisms. OC requires more funds than a typical dollar for dollar trade in order to obtain dai. The ratio of ETH collateral needed in order to acquire dai is fixed at 1.5:1 at all times, but users can purchase dai on the open market too. There is currently 2.1 million ETH locked into Maker contracts that produce dai. Critics of Maker, Overcollateralization, and a Stablecoin Unmediated by the Legal System Maker and dai have become a popular subject among cryptocurrency supporters largely because some people like the concept of a liquid stablecoin for certain use cases as well as the idea dai is backed by crypto. However, there are some critics of the Maker protocol and the dai stablecoin it produces. Some skeptics believe the project could fall victim to the same scenario that happened to the Ethereum network’s first DAO which saw the loss of $50 million in June 2016. At the time, users exploited the DAO’s code enabling them to take one-third of the DAO’s funds to a subsidiary account. Another critique of Maker DAO explains that the OC scheme and paying the contract back with the equivalent amount of dai is well known. However, what the organization hasn’t explained yet “is that you also need to pay a stability fee in MKR,” Bennett Tomlin said last June. “Also [dai] cannot always be collateralized in excess, because if there is a black swan event that destroys the value of ethereum that is no longer true,” Tomlin’s research details. Tomlin’s study called a “Deep Look at Maker DAO and Dai and MKR” adds that the Maker’s creators explain in the white paper that in the event of a “black swan” crash the organization will dilute the “pooled ether.” The author’s post explains, “Why someone would trust this, I do not know — The developers are obviously aware of this risk, but it seems to be ignored.” Tomlin’s report also details that the biggest hurdle for the Maker team is the government-specific entities that regulate the U.S. financial activities. “Better watch out for the SEC, the CFTC, and the rest of the alphabet soup,” Tomlin warned. A Multi-Collateral Dai and Other Chain’s Creating a Stablecoin Despite some concerns, the Maker DAO continues to rake in lots of ethereum in order

20 days ago

BTC Trader Attacked In His Home By Thieves

Another week and Bitcoin has been involved in yet another crime. One Bitcoin trader has been attacked in his home in the Netherlands by a group of robbers who were dressed up as police officers. Tjeerd H. has been the victim of a violent raid in his home in Drouwenerveen in Holland on 10th February where a group of criminals threatened him with firearms whilst dressed in bulletproof vests and covering their faces with balaclavas. The motive of the crime hasn’t been established just yet but the local news outlet, De Telegraaf looked into it to find out more. The Dutch news site highlighted that Tjeerd had been trading cryptocurrency although it hasn’t been confirmed if that’s what the thieves were after. Crypto theft is something of a common occurrence nowadays. Not just online but owners of Bitcoin have been attacked face to face by criminals who have forced them to deposit numerous amounts of cryptocurrency into anonymous wallets. In September last year, a young man was beaten and tortured by his so-called ‘friends’ in order to get his crypto account details. Footage was uncovered of the crime by the Manhattan District Attorney last year which showed a group of young men torturing the victim, Nicholas Truglia. The court papers stated that the son of a wealthy venture capitalist, Stephen Orso (25) tortured Truglia in order to “provide him with login information for his cryptocurrency accounts while holding his head underwater in the bathtub, punching him in the stomach and throwing hot wax on him.” The culprits are known to show off their lives of luxury on social media and they were seen leaving Truglia’s home with him after being there for about two hours, With David Lucia (one of the attackers) holding a rectangular shaped object underneath his jumper. This was thought to be Truglia’s laptop. Whether the group of attackers were able to gain access to Truglia’s account is unknown but the fact that they were willing to torture him to make a few bucks is beyond astounding. The group are on temporary bail until next month when their fate will be decided once and for all.

20 days ago

4 Most Common Hacking Methods To Steal Your Bitcoin

According to research from Chainanalysis, as much as 20 percent of all Bitcoin currently in circulation is to be lost forever. When this research was conducted, this would sum up to about 3.8 million Bitcoins that could never be recovered. So today, let’s take a look at all the possible ways that you can lose your Bitcoins. There are a lot of scams and hacks out there so it’s important to know what to be wary about when dealing with your cryptocurrency. Pyramid schemes This is a big one that seems to happen a lot in the crypto space. Also known as a Ponzi scheme, it is a form of fraud where early investors are paid out quick profits with funds obtained from the most recent investors. A Ponzi scheme has no realistic way of making money and offers people unrealistic returns. In crypto, an example of an alleged Ponzi Scheme is the BTC Global scheme which promised it’s investors returns of “2% per day or 14% per week.” almost 30,000 investors from South African have lost about $1 billion overall. Phishing Hackers and scammers seem to be always on the move, stealing Bitcoin by fraudulently obtaining usernames, passwords and login into hot wallets and withdrawing all coins. Some of the most common cryptocurrency phishing scams are fraudsters impersonating exchanges using basic templates in emails that look exactly the same to the real thing. Phishing emails will commonly require you to click on a link to correct a problem with their account. From here you will probably be asked to enter your personal details. Ethereum is one of the popular targets for phishing schemes. Hackers In general, cryptocurrency hackers account for the majority of Bitcoin’s losses. Exchanges are popular targets for cybercriminals and make up around 30 percent of attacks last year. The first big hack was the Mt. Gox exchange but since then, there have been a lot of major exchanges which have been attacked. One of the most recent hacks was with the New Zealand based cryptocurrency exchange Cryptopia who lost 9.4 percent of their overall crypto. Mistakes Another way that Bitcoin and cryptocurrencies can be lost is through mistakes and carelessness. Some wallets and exchanges have options that prevent users from sending coins to the wrong wallets (non-Bitcoin). But it’s always worth triple checking your addresses, it’s not worth the loss.

20 days ago

Is Bitcoin (BTC) Sliding in Response to QuadrigaCX Disappointment?

Bitcoin prices down 2.2 percent Five of the six QuadrigaCX cold wallets are empty Transactional volumes drop, demand could see participation pick up to above 37k Even with Bitcoin (BTC) liquidation, bulls have the upper hand as long as prices are trending above Feb 18 low. In that case, risk-off traders may search for entries in lower time frames and take advantage of positive fundamentals. Bitcoin Price Analysis Fundamentals There is another burden that controls tags along—that of securing private keys. In centralized exchanges, wallets can be compromised—many have lost customers’ fund. Because customers have no access to the private keys of those public addresses, once lost—or controller disappears or dies with them, your coins will be gone—unless of course there are countermeasures. It’s the unfortunate case that happened at QuadrigaCX. With the passing of Cotten, $190 million of digital assets are now locked up. Worst case scenario, they are probably irrecoverable. Of the $190 million, customers stand to lose a cumulative 26,500 Bitcoins. Since QuadrigaCX is under customer protection and Ernst & Young tasked with monitoring, Bloomberg reports that they have identified the addresses of six cold wallets. Unfortunately, of the six, five are empty. It’s even getting thicker because the sixth “appears to have been used to receive Bitcoin from another cryptocurrency exchange account and subsequently transfer Bitcoin to the QuadrigaCX hot wallet.” The account was the source of last month’s inadvertent transfer of Bitcoins sparking speculations that Cotten may, after all, be alive and kicking after faking his death while traveling in India. Candlestick Arrangements When everything is said and done, it will be easy to note that BTC/USD is consolidating. While prices are down 2.2 percent in the last day, the world’s most valuable coin is stable in the previous week. It is down 0.5 percent. That means bears have been unsuccessful in their dump down. Encouragingly, Bitcoin bulls stand a chance. From candlestick arrangements, our previous BTC/USD trade plan is valid. Note that sellers are yet to reverse gains of Feb 18. After two weeks of lower lows, we expect a shift in momentum as BTC demand pick up reflecting increasing volumes over the course of last months. As it is, risk-off, aggressive type of traders can buy on dips with targets at $4,500. Accompanying these longs will be tight stops at Feb 18 lows of around $3,750-$800—our breakout level. Technical Indicators Like before, our analysis anchors on Feb 18 bulls where bulls are in control. As visible, volumes are shrinking, and with averages at 12k, BTC demand could help yank prices from current lows to $4,500. The spring in interest should be at the back of high trading volumes exceeding Feb 18’s 37k. The post Is Bitcoin (BTC) Sliding in Response to QuadrigaCX Disappointment? appeared first on NewsBTC.

20 days ago

Max Keiser: Fed’s ‘Permanent QE’ Flipped Bitcoin Price Bullish (Interview)

Max Keiser shares his thoughts with Bitcoinist on JPM Coin, Warren Buffet’s anti-Bitcoin comments, and what ‘permanent QE’ means for BTC price in the future. Max Keiser: JPM Coin a ‘Hot Steaming Pile of Dog Crap’ Bitcoinist: Are your surprised that JPMorgan revealed its JPM Coin after bashing Bitcoin for years? Max Keiser: JP Morgan is years behind and may never catch up in the cryptocurrency space. It’s laughable Jamie Dimon has been very vocal criticizing Bitcoin as a way to try and stop it and that didn’t work. Honey Badger don’t care. Now he’s trying to compete with his insecure, centralized, hot steaming pile of dog crap called JPM Coin. LOL. Warren Buffet recently called Bitcoin a “delusion” that attracts charlatans. Why are top execs like Dimon and Buffet so vehemently opposed to Bitcoin (but not ‘blockchain)? Buffett’s returns are tied directly to the Ponzi-economics of fractional reserve, illicit money printing by banks and central banks, market rigging and accounting fraud - all made easy - thanks to the absence of Hard Money in our economy. Of course, Buffett hates Bitcoin and Gold for the same reason thieves hate locks and bacteria hate antibiotics. Buffett is a scammer who prints money via the banks he’s involved with to buy monopoly positions in large American companies that he then rips apart with mass-layoffs and stock buybacks. He’s the Charles Manson of Wall Street. In our past interview, you said that the 2018 Bitcoin bear market was the result of the USD strengthening amid expected rate hikes. How will bitcoin react to the Fed now going into ‘permanent QE’ in 2019? The trend in Bitcoin’s price flipped from bear to bull once the Fed said it would ease-off tightening and engage in permanent money printing (‘permanent QE’). This, by the way, is the definition of debt-monetization, which means the door has been opened to a hyperinflationary currency collapse of the USD. Since you always say “you can’t taper a Ponzi” are negative interest rates inevitable? What does this mean for cash and how will it affect bitcoin? Nine trillion in global sovereign debt has been issued with a negative interest rate (buyers lock in a loss if held to maturity). Negative rates are coming to retail bank accounts. This is wealth confiscation by the bank cartels to keep their insolvent balance sheets from imploding. The impact on Bitcoin and Gold will be moving to new ATH as safe-haven money pours in. Bitcoin isn’t like a commodity since it’s production (of blocks) is constant regardless of demand. It’s not really like a stock either since its supply is hard-capped. Even Satoshi called it “bloody hard” to write a description for it since there’s “nothing to relate it to.” How would you classify Bitcoin? Is an entirely new definition needed? Correct. Bitcoin is an entirely new asset class that so far has eluded definition by anyone. I could expand on this more, but for the purpose of this interview, suffice to say, that some surprises are still to come in terms of how Bitcoin interacts with the global economy and how every definition of money, economics and finance will have to be rewritten. You also believe that hard money like Bitcoin discourages starting wars. Can you talk a little bit more on this considering the latest tensions in Venezuela and Kashmir? Fairtrade using Hard Money is peaceful. Unfair trade using unsound money, like fiat money, causes tension, resentments, violence, and wars. Venezuela is a money printing basket case that is printing its way into the loss of sovereignty. If they switched to Bitcoin and/or Gold they could keep their sovereignty. The same can be said for India and Pakistan. The only country in the world that seems to understand this is Russia. They are aggressively stockpiling Gold and I’m hearing from Kremlin sources they will be adding Bitcoin later this year. What are your thoughts on the ‘bitcoin mining is wasteful and bad for the planet’ argument? It’s a dumb, non-starter argument. If anything, bitcoin mining is an incredible reduction in energy usage: It promotes renewables for efficiency, bitcoin miners are portable, they go wherever there’s excess energy that is going to waste. As the USD (and other paper money) collapses - energy usage by these fiat schemes, bigger than Bitcoin by a huge factor - will also collapse, resulting in a net reduction in energy use by 90% globally. I predict that eventually, Bitcoin’s carbon footprint will be zero and fiat money will disappear. Wyoming is quickly becoming a ‘blockchain-friendly’ US state that has been in the headlines lately for its pro-cryptocurrency business legislation. Where do you stand on regulating Bitcoin? Wyoming sees an opportunity to steal some thunder from Delaware and Nevada and become the go-to state for Bitcoin incorporation. This is fantastic news for Bitcoin and Bitcoin businesses. Caitlin Long and Trace Mayer are doing an amazing job. Before we go... Alexandria Ocasio-Cortez or Trump? Who would pump Bit

20 days ago

New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case

CoinSpeaker New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case Canadian crypto exchange QuadrigaCX is probably one of the most actively discussed crypto exchanges today. After its CEO unexpectedly died in December 2018, the hard times for the platform began. As it was claimed by the exchange’s representatives in January, nobody knew where to find the key to the cold wallets owned by Quadriga. As a result, an impressive amount of $150 million of users’ funds remained frozen. But it was only the first part of the company’s troubles. In February, it occasionally sent more than 100 Bitcoins to the wallet that it doesn’t have access to. After such a misfortune, Ernst and Young (EY) that was appointed by the court as a monitor, took a decision to take control of the remaining hot wallet funds and to transfer them to its own cold storage. Moreover, the experts of EY has also taken control of the electronic devices that were used by Gerald Cotton, CEO of QuadrigaCX, with a view to find an opportunity to get access to the customers’ funds, otherwise, the only way to compensate the exchange’s debts is to sell it. Recently, EY has stated that according to the results of its research, the exchange’s cold wallets have remained empty since April 2018 and the platform hasn’t used it since that time. Storing of ETH on External Platforms? But even at this point, all the mysteries about Quadriga haven’t come to an end. Crypto research and consulting platform ZeroNonCense claimed that QuadrigaCX may have kept a large quantity of Ethereum in different crypto exchanges like Kraken, Bitfinex, and Poloniex. ZeroNonCense obtained this information from Jesse Powell who is Kraken CEO and Taylor Monahan, MyCrypto CEO. According to the report, during its operating, QuadrigaCX has probably sent around 650,000 its Ethereum coins to other cryptocurrency exchanges’ storages. Though ZeroNonCense experts do not guarantee that this information is 100% correct, they highlight that there is a very strong possibility that Quadriga has chosen the three above-mentioned platforms as the most reliable storage options for its funds. The estimated total value of all the digital assets that were transferred by QuadrigaCX to other platforms is around $100 million. Nevertheless, according to the affidavit of Jennifer Robertson who is Cotton’s widow, she didn’t know where her husband stored the crypto assets. Neither did other representatives of the exchange. That’s why it is highly possible that nobody of them was aware of Cotten’s storage strategy. But at the same time, Robertson noted that Cotton could also use facilities of other crypto exchanges to store the funds of QuadigaCX. This fact could explained why the exchange didn’t use its cold wallets for quite a long time, as it has been revealed by EY. ZeroNonCense has also made a conclusion that if QuadrigaCX’s funds are really securely kept on the external platforms, it won’t be a problem to get access to them. But it’s worth mentioning that this news may only boost Canadian banks concerns of the exchange participation in money laundering activities. New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case

20 days ago

Coinbase Exec Confirms Client Data was Sold by Third Party Providers

Over the past week, Coinbase has received strong criticism over its recent acquisition of blockchain tracking startup Neutrino. Many crypto supporters said the move marked the end of privacy for Coinbase users and a well supported #deletecoinbase protest movement has been growing on Twitter. Coinbase director of institutional sales Christine Sandler attempted to clarify the situation and cool down hot tempers by explaining that Coinbase is aware of Neutrino’s history of selling surveillance applications to government agencies and corporations but Coinbase had a more “compelling” reason for acquiring the firm. Sandler explained that Coinbase had to “migrate away from our current providers…[as] they were selling client data to outside sources.” Sandler said this was compelling enough for the exchange to “get control over that and have proprietary technology we could leverage to keep the data safe and protect our clients.” Sandler did not disclose which third-party providers sold customer data, nor the specifics of what type of data was distributed. This is a developing story which will be updated as more information become available. (RS)

21 days ago

Researcher: $90 Million of QuadrigaCX's Funds Locked Away in 12 Wallets

A Zerononcense researcher has published a report that claims to have followed a trail of 12 wallets with $90 million QuadrigaCX funds. The researcher tracked the Ethereum tokens to Kraken, Bitfinex and Poloniex wallets, which could have been used by the deceased QuadrigaCX CEO. Altogether, 649,708 Ethereum tokens were traced to hot wallets in the exchange. Access and activities in the 12 wallets ceased when Mr Gerald Cotten passed away unexpectedly on December 8th, 2018. Kraken has notably issued a $100,000 reward to anyone who can retrieve the funds, while maintaining that the funds are not in the exchange's storage. This could mean that the Ether is in wallets hosted by Bitfinex and Poloniex. (KE)

21 days ago

News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme