Canadian-based QuardigaCX says they can’t find their cold storage wallets. In a notice published on its website, the crypto exchange says they have filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA), a Canadian law which deals with bankruptcies in Canada. For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be
A report from Chainalysis, a blockchain analytics firm based in the U.S. and Denmark, has revealed that just two groups have stolen more than $ 1 billion worth of crypto in the past several years. Based on the transactions and addresses traced by the firm, the hackers obtained around $ 90 million per hack on average, running a lucrative criminal operation spanning out many major crypto markets. How are Stolen Funds Cashed Out? Blockchain analytics companies like Chainalysis work with major cryptocurrency exchanges to stop suspicious transactions from entering the system of trading platforms. Binance, for instance, the world’s largest crypto exchange
Singaporean crypto exchange KuCoin has announced the delisting of 10 cryptocurrency projects under its Special Treatment Rule framework designed to ensure that only projects that meet and maintain certain criteria are listed on the platform. In an announcement posted on its official website on December 21, the exchange revealed that the affected digital assets will
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Charlie Lee, the founder of Litecoin (LTC), has been one of the most highly-polarizing figures in all of cryptocurrency in 2018 after famously “selling and donating” all of his LTC holdings before the bear market took hold. In a recent interview with Bloomberg, Lee discussed what he’s gone through with the crypto community after allegations of […]
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A new study has revealed that more than a quarter of “affluent” millennials either have or are using cryptocurrency.
Now The Largest Generation in the US
Communications and marketing firm Edelman has released its Millennials With Money report, which found that 25 percent either have cryptocurrency and/or are using it. What’s more, another 31 percent say they’re “interested in using it.”
The given study was based on a survey of 1,000 affluent millennials, which is defined here as having at least $ 50K in investable assets or $ 100K in individual or joint income, with comparison groups of non-affluent millennials and affluent Gen Xers.
They‘ve been claiming “The End is Nigh” for Bitcoin since before most people were aware the ‘beginning’ had occurred. Just this week, a self-described ‘expert’ on international financial markets, has been trash-talking crypto in the US Senate. Yet, an advanced statistical analysis found that the Bitcoin market is actually no different than those of more respected currencies.
How Do We Assess Market Stability?
After the fall of the Soviet Union, several new financial markets began to emerge in Central and Eastern Europe. In order to assess the maturity and stability of these markets, analysts identified a number of statistical criteria.
ICOs have managed to sell almost as much Ethereum (ETH) in terms of US dollars as they have raised, new research shows. Even with the current rates of ETH, projects are sitting on unrealized profits, rather than actual losses.
Most of the Raised ETH Is Already Sold
According to a new research brought forward by Hong Kong cryptocurrency exchange in partnership with analytics resource TokenAnalyst, initial coin offerings (ICOs), which raised ETH throughout their crowdfunding sales, have sold almost as much of it as they’ve raised in terms of USD. The research reads:
Chart for BTC/USD (1D)
Bitcoin (BTC) bears may win the battle but they have already lost the war. First of all, what is the battle? The battle is Bitcoin (BTC) bulls trying to break above the triangle and Bitcoin (BTC) bears trying to drag the price down. Studying the near past, we can see that Bitcoin (BTC) bulls have lost two such battles to Bitcoin (BTC) bears. Therefore, there still remains a strong probability that Bitcoin (BTC) bulls might lose the current battle again to Bitcoin (BTC) bears.
Not long after the successful hacking attempts on crypto exchanges Bithumb and Coincheck, Japan’s Zaif was hacked, losing $ 60 million in user funds. All three exchanges were found to have poor security measures. Coincheck in particular, which lost more than $ 500 million in XEM, the native cryptocurrency of NEM, outraged investors in Japan after the
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Decentralized apps, or dApps, operating on the blockchain face a singular problem: scalability. Take a look at Bitcoin 10 transactions per second (TPS) limit, compared to Visa’s 24,000 TPS. While a handful of high-quality projects and companies have partly surmounted this challenge with sidechaining and sharding, nonscalability has inhibited the progress of many otherwise promising blockchain projects. DApp scaling frameworks may be an early solution on which to build greater and wider blockchain scalability in the future, and it’s worth examining what they are and why they’re so important.
Jackson Palmer, an Adobe product developer and the creator of Dogecoin (DOGE), has recently begun encouraging developers in the cryptocurrency community to find manners in which to convert centralized systems to decentralized applications (dApps). However, due to the fact that decentralized applications and systems are much less efficient in processing information in comparison to centralized platforms, […]
Bitfi, the McAfee led cryptocurrency wallet and the alleged unhackable wallet that was set to change the entire landscape for cryptocurrency storage has finally caved in and retreated, the company and John McAfee himself, have now confirmed that the wallet is indeed vulnerable to hacks.
This comes after a campaign set out by Bitfi and McAfee to challenge hackers to access the wallet, for an incredible bounty. Though, McAfee specifically stated the reward on offer was not a bounty, as the wallet was unhackable so therefor a bounty would be impossible.
India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country. Thankfully the motions passed by the RBI are not yet set in stone, with a final decision set to be made by the High Court in the next month or so.
This week, the US Securities and Exchange Commission (SEC) has said it will review nine Bitcoin exchange-traded funds (ETFs) it disapproved on August 24. The letter sent to NYSE Group senior counsel David De Gregorio by SEC secretary Brent Fields read: “This letter is to notify you that, pursuant to Rule 43 I of the
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Now we know what Bitcoin needs to do before it can become more widely adopted by institutions, but we must also consider what these institutions need to do too.
What must Bitcoin do?
Well it’s simple, Bitcoin needs to find balance, a steady price and see consistent regulation (adoption). Institutions will need to make changes too. Aside from the obvious ones – adoption of Bitcoin wallets, access to Bitcoin technologies, computers, ATMs etc, they also need to be able to deal with the cultural aspects of Bitcoin, in terms of investment and of course, potential volatility.
Adult entertainment website PornHub have announced that one of their side projects ‘Tube8’ is set to see a full migration onto the blockchain, in a move that has been designed to start paying people in cryptocurrency for viewing porn on their website.
This comes through a partnership with Vice Industry Token (VIT) and in essence, will allow for the incentivisation of consuming and interacting with pornography. Users will earn crypto for the time spend on the Tube8 website.
Over the past year, we’ve seen the rise in popularity of ICOs as a fundraising tool in the cryptocurrency space. In order to stand out from the crowd, some ICOs have enlisted the help of celebrities in an attempt to boost their credibility. Here’s a quick look of some of the more notable celebrity endorsed projects.
From Celebrities to Crypto Evangelists
Floyd Mayweather was one of the first celebrities to endorse an initial coin offering. In July 2017, he made an Instagram post promoting Stox.com, a prediction market platform which went on to raise $ 30 million USD.
Blockchain startup ICST (Individual Content and Skill Token) from the People-Joy Foundation deliver an ecosystem for the creation, publication, promotion, and trading of individual content and skill.
June 23nd, 2018, Singapore, Malaysia – The boom of blockchain technology has caused many new industries to emerge and thrive; new skills, services, and products that can be distributed through the internet have allowed even the most novice of content creators to make money.
Bitcoin has made a 6 percent recovery from the 90-day low hit yesterday, but what happens next?