The CryptoTimes Newspaper — Wednesday, 24th April 2019
The Biggest Threat To Bitcoin Are The Users, Not Governments, Cobra of Bitcointalk.org Affirms — BitcoinExchangeGuide
Bitcoin faced some bad times last year. The BTC market was able to reach a price of $20,000 USD per token last year but most of the value was lost afterward. This month, however, Bitcoin is on the rise once more. The token is now around $5,500 USD after it struggled to overcome the $4,000 USD mark for a while. Now, a man named Cobra, the co-owner of Bitcointalk.org, has talked about the main aspects of the market now and what the biggest threats are. His answers may surprise you. According to Cobra, the main threat to the network are actually the users. He affirmed that many crypto enthusiasts are certain that the government may be the biggest threat to the existence of the network, but that they are the actual problem.
DigiCash Founder David Chaum Launches Potential Bitcoin Competitor, Elixxir, and Talks Satoshi — BitcoinExchangeGuide
Since DigiCash was introduced before the success of the internet, it did not gain the momentum that it could’ve. However, Chaum has decided to cash in with a project that he believes can compete against Bitcoin named Elixxir, which will be a DBI-based blockchain.
Russian Opposition Leader Raises $3 Million in Bitcoin Donations — Coindesk
Alexei Navalny, a politician believed by many to be President Vladimir Putin’s main opponent, has attracted more than 591 BTC in donations over the last three years, worth about $3 million at current prices, public blockchain data shows.
Samsung Developing Ethereum-Based Blockchain, May Issue Own Token — Coindesk
South Korean electronics giant Samsung is developing its own blockchain network and eyeing the issuance of its own token further down the road. An exclusive CoinDesk Korea report on Tuesday, citing a person “familiar with Samsung’s internal situation,” said that the company’s blockchain task force – part of its wireless division – is building a blockchain mainnet based on ethereum. The work, however, is still at the “internal experimental” stage.
Charlie Lee Criticizes Investors For Not Holding Onto Litecoin, Being Silly After Selling His LTC Stash — BitcoinExchangeGuide
Lee, who worked on Google in the last decade, has talked about his decision to sell the assets and affirmed that anyone who sold them because he did simply was being “silly” and did not understand Litecoin. He decided to sell the tokens because people were accusing him of pumping the price of the token in order to get profits. To prove them wrong, he sold everything out in 2017.
Singapore-Rooted Crypto Custody Company Onchain Custodian Attracts Big League Investors — BitcoinExchangeGuide
The crypto coin custodial service provider referred to as Onchain Custodian has announced that they have finally started the onboarding services. Onchain recently launched this service in Singapore about two weeks ago, a company that has been backed by several companies; this is the likes of Chinese conglomerate Fosun and the Google investors Sequoia Capital.
The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs — Coindesk
At the heart of the upgrade is the replacement of the Ethereum Name Service’s registrar, with the goal of vastly speeding up the process of registering .eth, .xyz, and .lux domain names. What’s more, names registered on the ENS will be treated as non-fungible tokens (NFTs), allowing them to be bought and exchanged like similar kinds of tokens on the ethereum network.
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OKEx beats Binance in terms of daily transaction volume; Maltese exchanges continue to soar — Ambcrypto
For the second straight month, cryptocurrency exchanges based in the touted “blockchain haven” of Malta have topped the average daily transaction volume list. OKEx and Binance, the most prominent exchanges in the island country are present in the top three once again. The analysis was compiled by the cryptocurrency analytics firm CryptoCompare in their March 2019 exchange review which saw the two aforementioned exchanges interchange spots in the crypto-to-crypto exchange list, based on average daily volume.
CapBridge 1exchange (1X) Private Securities Platform to Utilize Ethereum Mainnet for Liquidity — BitcoinExchangeGuide
The move is to ensure they are able to offer users with trading services on their platform plus being able to register and track the shareholdings that are taking place for the investors. The trading platform has been designed to be a little different from what we have been accustomed to as it will be using the public mainnet for Ethereum.
Bitcoin Hackers Take Tactics to a New Level, Threatening Sextortion for Crypto Payments — BitcoinExchangeGuide
Hackers in the cryptocurrency world are willing to go to great lengths to get their funds, especially when hidden attacks are not their preference. There have been many ransomware attacks, but recent actions against a small Kansas town are taking a much more personal approach. According to reports from The Next Web’s Hard Fork, these scammers are threatening to release videos of their victim’s solo sexual activity.
Binance’s decentralized exchange [DEX] all set to trade ChangeNOW’s latest token — Ambcrypto
ChangeNOW is in the news again after it announced its decision to trade NOW token on Binance’s Decentralized Exchange [DEX] blockchain. The planned migration was made public on April 22, 2019, via an official blog post, which was followed by an “It’s official!” tweet from the company, moments later.
Meghan Markle’s Friend Misha Nonoo Faces Bitcoin Hacking Scandal of Fashion Company via Email — BitcoinExchangeGuide
Hackers tend to go after any account that they think they can get funding from, and no one appears to be off the table. Misha Nonoo, a designer and friend to Meghan Markle, became one of the latest victims, as her company’s email list was hacked, allowing the attackers to send out threats to any person on it. The long email that the hackers issued through Nonoo’s email included terrible English grammar but explains that they allegedly have access to the customers’ devices and that they’ve installed spyware through the fashion website, according to reports from Daily Mail.
Blockchain Bandit’ Has Stolen 45,000 ETH by Guessing Weak Private Keys, Report Claims — Cointelegraph
A “blockchain bandit” has managed to amass almost 45,000 ether (ETH) by successfully guessing weak private keys, according to a report released by Independent Security Evaluators on April 23.
Disney Could Acquire Crypto Exchanges Bitstamp and Korbit Parent Company NXC — BitcoinExchangeGuide
Disney seems to be interested in purchasing the parent company of the cryptocurrency exchanges Bitstamp and Korbit. According to a recent report released by Korea Herald, Jung-Ju Kim, a billionaire, and NXC chairman, met with representatives of Disney to sell his stake in NXC. NXC is also the parent company of the video game publisher from South Korea Nexon.
SEC-Fined Crypto Project Abandons Cannabis Co-Working Space Plan — Coindesk
A cryptocurrency project previously sanctioned by the U.S. Securities and Exchange Commission (SEC) is selling a property that it had intended to use as a cannabis co-working space.
Blockchain Startup Filament Joins IoT Research Project Backed By Nevada — Coindesk
Blockchain startup Filament announced Tuesday that it is working with the University of Nevada, Reno on an autonomous vehicle research initiative. The work will see the development of new standards for blockchain-based connected devices, also known as the internet of things (IoT), as they relate to work on self-driving cars. The idea is that blockchain could form part of a technological backbone that connects those vehicles to a wider network, and it’s an area that major automakers like GM and BMW are actively investigating as well.
Genesis Mining Tries to Take Control of Hive’s Blockchain Governing Board Over $50 Million Dispute — BitcoinExchangeGuide
According to an all-new press-release issued by the folks over at HIVE Blockchain Technologies Ltd earlier today, the firm has notified its clients that its largest shareholder ‘Genesis Mining’ (owner of 26.3% of HIVE’s outstanding shares), has “requisitioned” a shareholder meeting so as to remove any board members that are working “independently” of Genesis.
Beijing Welcomes First Blockchain-Enabled CITIC Notary Office to Open in China — BitcoinExchangeGuide
In China, the first blockchain-enabled notary for the country has opened its own office within the borders of Beijing. The report, published by People on April 19th, explains that the service only opened their doors on Friday at the Beijing CITIC Notary Office. When speaking with the publication, the office stated that this is just the start of the notary service era that will include blockchain technology.
Coinbase Moves Into Utility Phase, Experiences 11-Month High in Trading Volume Growth — BitcoinExchangeGuide
Coinbase claims that direct trading between cryptos has been increasing over time and that now is the norm. At the same time, they show that crypto-to-crypto trading has surpassed fiat-to-crypto trading around the world.
BlockFi Is Now Paying Interest on $53 Million of Crypto Deposits — Coindesk
Crypto lending startup BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million. The company also lowered its minimum balance to earn interest on bitcoin from 1 BTC to 0.5 BTC and expanded its operations to India, meaning its service is now available globally, except for territories sanctioned by the U.S., U.K. and E.U.
French Lender Societe Generale Issues $112 Million Bond on Ethereum — Coindesk
French financial services giant Societe Generale has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain.
Crypto Startup Launches Lightning-Powered BTC Payments Functionality for E-Commerce Sites — Cointelegraph
Crypto payments processing startup Moon is launching a web browser extension that allows e-commerce shoppers to use their Lightning Network (LN) bitcoin (BTC) wallets for purchases on sites like Amazon. The news was reported by Moon’s official Twitter on April 22.
Robinhood Applies for Charter in Push to Offer Traditional Banking Services — Cointelegraph
Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States
Nasdaq Is Quietly Testing Bitcoin-Based Product Under CXERX Indice, Analyst Suggests — Cointelegraph
The world’s second-largest stock exchange, Nasdaq, is allegedly testing trading of a bitcoin (BTC)-based product, according to a tweet by an analyst at quantitative trading analytics service StrongMarket on April 22. Twitter personality Cryptopolis, a quantitative analyst at StrongMarket, tweeted that he bought one bitcoin through an account on retail brokerage firm TD Ameritrade (NASDAQ: AMTD) on Monday.
China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce — Cointelegraph
Guangdong Province, one the most populated region in China, has opened the first blockchain electronic invoice service for customers and merchants, planning to extend their experience to the large-scale e-commerce field.
WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment — Cointelegraph
Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group.
Coinbase Closes Chicago Office and Scales Down Work on Matching Engine — Cointelegraph
Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine, Fortune reports on April 23. Per the report, the exchange will consolidate the high-frequency trading matching engine efforts into its San Francisco office. Coinbase also purportedly laid off about 30 employees and will relocate some to the area of the other office, while others will work remotely.
Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack — Cointelegraph
Remember CoinBene, the cryptocurrency exchange platform that denied being hacked at the end of March 2019, and instead saying it was undergoing maintenance? Well, it turns out the platform is still under maintenance, or so the company says. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation. These reports, for the most part, were only discussed on social media platforms like Twitter and Telegram but have yet to make an appearance on the cryptocurrency news circuit — until now.
Binance Burns 50 Million BNB as the First Step to Migrate From Ethereum to Binance Chain -BitcoinExchangeGuide
The world’s largest cryptocurrency exchange by trading volume Binance has burned a small chunk of its native token Binance Coin (BNB), per the announcement made by its CEO Changpeng Zhao.
Japan Ready To Help G20 Nations With Crypto Regulation Guidelines And Solutions — BitcoinExchangeGuide
Japan is preparing to help other G20 nations with their crypto regulation framework and laws. Japan is in talks with several finance ministers and central banks of the G20 nations. The help from Japanese regulators will be organized through an upcoming summit in June.
SCB & PTTEP Announce Success of Live Pilot Payment on Blockchain Powered by Ripple — BitcoinExchangeGuide
Ripple partner Siam Commercial Bank (SCB) in collaboration with PTTEP has announced the success of live payment on RippleNet that will be implemented in CLMV and Southeast Asian countries by this year.
Check out a Behind the Scenes Look at How to Write a Whitepaper Along with Writer Confessions — BitcoinExchangeGuide
An interesting article appeared on DecryptMedia. The article, titled Confessions of a White Paper Writer, identifies who writes white papers, what goes into the research, and how much does it cost to have a white paper written. Here is a summary of the piece. It appears that white paper writing is outsourced to contractors, many who have limited technology knowledge. Contractors can come in the form of freelancers, while others work for “white-paper mills.” Platforms seem to also implement an interview process to vet writers, which may ensure that that the right person is doing the job. As for the rates, they can range anywhere from $1,000 to $50,000 per piece. The cost may be justified due to the amount of time, work, and research that goes into the project.
Five Summertime Cryptocurrency and Blockchain-Oriented Events Worth Attending This Year — BitcoinExchangeGuide
Those who are interested in keeping up with the latest news, developments, and changes in the crypto and blockchain industry may want to check out these upcoming five events: Consensus by CoinDesk in New York from May 13 to 16, Barcelona Trading Conference in Barcelona from July 10 to 11, Bitcoin 2019 Conference in San Francisco from June 26 to 26, Blockchain Expo Europe in Amsterdam from June 19 to 20, Malta AI and Blockchain Conference in Malta from May 23 to 24.
Venezuelan Exchanges Start to Trade State Sponsored Petro (PTR) Cryptocurrency — BitcoinExchangeGuide
Venezuelans are gradually starting to trade petros. They’re doing it on state-sanctioned exchanges and informally among themselves, for reasons ranging from the practical to the political.
Weiss Ratings Lost Its Crypto Marbles, Says Binance Coin (BNB) is the New Bitcoin (BTC) — BitcoinExchangeGuide
Weiss is a well reputed financial agency, which in its recent report suggests that the Binance Coin is the real market mover at the movement, and even dubbed it as the new Bitcoin. The comparison comes from the fact that Bitcoin is considered to be the king of crypto as well as the trade markets. Bitcoin is considered to be the main catalyst for any market movement be it bullish or bearish.
Diar: MakerDAO Increases Stability Fee to Decrease Growing Supply — BitcoinExchangeGuide
The stablecoin DAI has been experiencing a set of fee hikes that are currently sitting at 14.5%. Last week, the MakerDAO community decided to increase fees from 11%. This stability fee is 2800% higher than at the beginning of the year and it reduced the supply to decrease by 3.5% since the end of March.
MakerDAO Increases DAI Fees
According to a recent report released by Diar, supply was close to 95 million DAI before the stability fees moved from 3.5% to 7.5%. This produced a decrease of 4.7% larger than the last stability fee increase.
Gavin Brown of Blockchain Capital Ltd. Believes No More than Handful of Crypto Assets Succeed — BitcoinExchangeGuide
The co-founder of Blockchain Capital Ltd., Gavin Brown, has recently affirmed that only one or a handful of cryptos will be the final winners of the market. These winners, he affirms, will win a lot of value and become the most important cryptos in the market.
University of Nevada, Reno Creates Blockchain For Driverless Vehicles with Filament IoT Company — BitcoinExchangeGuide
The University of Nevada, Reno has recently started a partnership with the Nevada Center of Applied Research (NCAR) and the Internet of Things (IoT) company Filament in order to jumpstart the Intelligent Mobility project, which is set to create a blockchain project that will help to develop an autonomous vehicle smart city project. According to the official information from the press release, this new initiative will be based on the blockchain technology and its main goal is to improve the safety and communication between driverless cars which will be connected using the tech.
Credit Suisse Digital Assets Head: Culture Is Holding Back Wall Street From Embracing Blockchain — BitcoinExchangeGuide
Emmanuel Aidoo, the head of digital market assets at Credit Suisse, explained that culture is holding back Wall Street banks from embracing blockchain technology. Mr. Aidoo said that during an interview with Business Insider on April 23.
Lightning Labs Releases Its First Blockchain Desktop App on the Bitcoin Mainnet — BitcoinExchangeGuide
One of the main companies behind the Bitcoin Lightning Network, Lightning Labs, has completed a major milestone today. The company, which has been focusing its efforts on creating a world in which the Lightning Network scaling solution is widely used, has considered the launch to be very important.
Morgan Creek CEO Says Buzzphase ‘Censorship Resistance’ is Bitcoin’s Best Characteristic — BitcoinExchangeGuide
Creek, Mark Yusko had an interview with the Bitcoin Magazine NL, where he went ahead to speak about the influence of the geopolitics surrounding Bitcoin together with the crypto coins within the market. All this is in regards to the censorship that is surrounding the crypto space.
The Growing Importance of Student-Focused Blockchain Technology Education for the Future — BitcoinExchangeGuide
There is a massive rise in the growth and adoption of blockchain technology, with its international spending speculated to hit 2.9 billion USD in 2019. This growth rate has allowed many companies to reach new heights and inevitably increasing their overall value.
Bitfury, Swiss Investment Firm Launch Regulated Bitcoin Mining Fund — Coindesk
Blockchain technology firm Bitfury and Switzerland-based investment firm Final Frontier have jointly launched a regulated bitcoin mining fund. The fund is targeted at institutional and professional investors to give them “convenient access” to bitcoin mining, Bitfury announced in a blog post Wednesday.
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