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The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

January 20, 2019 |

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

Crypto exchange Coinspot has launched an over-the-counter trading desk in Australia and you’ll find more about the platform in this edition of The Daily. Elsewhere, computing power-sharing platform Bitdeer.com is focusing on Eastern Europe through a partnership with the largest digital asset trader in the region, Exmo. And in the U.S., expired Mccoins will get you a Big King.

Also read: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

Crypto Exchange Coinspot Offers OTC Services to Australian Traders

Australian cryptocurrency exchange Coinspot has announced the launch of its dedicated over-the-counter (OTC) trading desk. The platform will be able to process high-volume transactions for its members without the need to use the traditional public order books.

The idea behind the project is to solve problems of liquidity for traders who want to deal in larger quantities. The company believes the OTC desk will reduce their exposure to fluctuations on the crypto markets. Lock-in pricing is expected to eliminate slippage and minimize the risks associated with high-volume trading.

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

Clients can now buy and sell a number of digital assets, including bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), ripple (XRP), litecoin (LTC), and the stablecoin tether (USDT). Coinspot, which is among the leading crypto exchanges in Australia, promises access to the widest variety of digital coins in the country.

The main condition for using the service is that each trade should be valued at AUD $ 50,000 (USD ~$ 36,000) or more. A 0.1 percent fee is applicable to transactions on the platform. Coinspot’s OTC desk will offer its users the services of a professional trading broker.

Bitdeer Launches Russian Site, Partners With Exmo

Bitdeer.com has launched a Russian version of its website. The announcement comes with the news that the computing power-sharing platform has teamed up with Exmo, the largest digital asset trading platform in Eastern Europe. The partnership will allow Bitdeer and Exmo to provide their users with the opportunity to participate in cryptocurrency mining with no technical insight or investments in server infrastructure.

The two companies hope to popularize the minting of digital coins and contribute to the development of the crypto market. Offering new payment processing models and related customized products to the public is also part of their plans for the future.

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

Bitdeer CEO Celine Lu described the two initiatives as a milestone for the company’s venture in Eastern Europe. “Through the new partnership with the region’s largest crypto exchange and the launch of a localized website, Bitdeer.com has geared up to bring the best service to local as well as global individual miners,” Lu said, noting that around a third of the platform’s users come from Russian-speaking mining communities.

Despite the bearish trend in the crypto space, Bitdeer.com has seen its traffic reach over 1.2 million visits and over 50,000 daily active users. The platform has users from more than 165 countries. Over 40 percent of its orders have been placed by customers in the U.S.

Leading crypto companies such as Huobi and Binance have been taking steps to expand their presence on the Russian market, establishing offices in the country and offering Russian-language services. Crypto exchange Exmo enjoys growing popularity in the greater Russian-speaking world thanks to supporting trading pairs with local fiat currencies such as the Russian ruble and the Ukrainian hryvnia.

Burger Chains in Coin War

Maccoins, which were minted last summer to mark the 50th anniversary of the Big Mac and ride the wave of the crypto craze, have expired. Now a major competitor is making its own marketing stunt at the expense of McDonald’s “global currency.”

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

This week, fast food fans were invited to cash in their Maccoins at select Burger King locations in Chicago, U.S. media reported. Customers have been offered a free Big King XL in exchange for the tokens.

Burger King claims its new sandwich has 175 percent more beef than the Big Mac and comes without a third bun. Last year McDonald’s “limited edition” coins provided holders anywhere in the world with a free Big Mac.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe appeared first on Bitcoin News.

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The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

January 20, 2019 |

In The Daily this Saturday, Sapphire has designed a new graphics card suitable for mining the recently launched Mimblewimble cryptocurrency Grin. In other news related to the minting of digital coins, Taiwan Semiconductor Manufacturing Company has reported a significant decrease in its revenues from the mining segment, and some Ethereum miners have switched to Constantinople before the rescheduled hard fork.

Also read: Shapeshift Shares Compliance Requests, Grin Woos Bitcoin Maximalists

Sapphire to Offer Video Card Designed to Mine Grin

Hardware manufacturer Sapphire Technology has developed an exclusive version of its Radeon RX 570 video card. The new graphics processing unit (GPU) has 16 GB of GDDR5 memory instead of the standard 4 or 8 GB.

According to the Chinese tech news outlet Mydrivers, the card is not oriented toward gaming applications but cryptocurrency mining. Representatives of the company’s Hong Kong office explained the product has been designed to mine the new cryptocurrency Grin.

The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

The privacy-centric crypto, which was launched this month, is based on the Mimblewimble protocol and uses the Cuckoo Cycle hashing algorithm that needs between 5.5 and 11 GB of memory. Sapphire believes the card’s 16 GB will significantly improve its performance in comparison to other mining chips.

The new GPU is based on Sapphire’s popular model RX 570 Nitro+ from which it took the two-slot cooling system with two fans, the Russian website 3dnews reported. The exact launch date for the video card is yet to be confirmed.

TSMC Reports ‘Big Drop’ in Mining Segment Revenue

Taiwan Semiconductor Manufacturing Company (TSMC) has recently published its Q4 2018 financial results, along with an earnings call transcript. The chip-producing giant has reported a significant drop in the revenue from the cryptocurrency mining sector last year.

The report does not quote the mining-specific data separately – rather, the company has released the information as part of its high-performance computing (HPC) segment. However, TSMC’s chief executive and vice chairman C.C. Wei said that while HPC, excluding mining, has grown slightly, “cryptocurrency is a big drop from 2018 to 2019.” According to the earnings call transcript, he added:

If we put the cryptocurrency together in the HPC, it’s a big drop. It’s almost a double-digit.

TSMC is a leading supplier of ASIC chips to Bitmain. The Chinese crypto mining giant has found itself under growing pressure during the bearish 2018. The Beijing-headquartered company recently suspended operations at a new mining facility it was building in Texas and closed down its research and development center in Israel.

Taiwan Semiconductor Manufacturing Company has reported a total business revenue of $ 9.4 billion in the last quarter of 2018, which represents a 2 percent increase on year-over-year basis. According to the company’s management, the Q1 2019 revenue is expected in the range of $ 7.3 – $ 7.4 billion.

ETH Miners Switch to Constantinople Before the Postponed Fork

A chain split has occurred on the Ethereum network following the rescheduling of the Constantinople hard fork. The upgrade was expected to be implemented at block 7,080,000 on Jan. 16, but hours before the event, on Jan. 15, developers issued an alert informing the community they were postponing the fork.

The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

Apparently, not all Ethereum miners received the warning as some started mining the Constantinople chain and not the one with the majority consensus. The decision to call off the upgrade came after Ethereum core developers and the Ethereum security community were notified of potential vulnerabilities.

According to a blog post, the Constantinople-related issues have been identified by Chainsecurity. “We are investigating any potential vulnerabilities and will follow with updates in this blog post and across social media channels,” the developers said. They also asked node operators, crypto exchanges, miners, and wallet providers “to update to a new version of Geth or Parity before block 7,080,000.”

In a post on Medium, Chainsecurity detailed: “The upcoming Constantinople upgrade for the Ethereum network introduces cheaper gas cost for certain SSTORE operations. As an unwanted side effect, this enables reentrancy attacks when using address.transfer … or address.send … in Solidity smart contracts. Previously these functions were considered reentrancy-safe, which they aren’t any longer.”

The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

The Constantinople hard fork has since been scheduled for block number 7,280,000 and is expected on or around Feb. 27, according to a tweet by developer Péter Szilágyi. “Will be a single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network,” he explained.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue appeared first on Bitcoin News.

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The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

January 17, 2019 |

The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

As the maxim goes, bear markets are good for building out cryptocurrency infrastructure – or “buidling” as the meme of the meme goes. Thursday’s installment of The Daily is rich in examples of the sort of development work being undertaken across the industry. From dapp trackers to virtual worlds, there’s a little bit of everything in today’s news roundup.

Also read: Bitpay Reports Processing Over $ 1 Billion Transactions in 2018

Blockchain VR World Beachhead Enters the Fray

The blockchain-based virtual reality realm is getting crowded. Decentraland, which resides in the virtual metropolis of Genesis City, has got itself a competitor in the form of Beachhead City. BH2020VR, as it’s also known, aims to blur the line between gaming and roaming a virtual world of commerce and adventure. Income can be earned in-game through protecting the city or supplying defense weapons and other resources.

Just as video games like Grand Theft Auto have a main storyline complemented by side missions and mini-games, Beachhead has a primary narrative running through it, but participants are at liberty to interact with the world in a multitude of ways. This includes participating in the cryptoconomy within BH2020VR, purchasing real estate, and upgrading virtual turf by incorporating theaters, shops, and cars including user-generated content. Virtual assets will be tradable within Beachhead as non-fungible tokens, with a tokenized rewards system making BH2020VR feel like the crypto world’s equivalent to The Sims.

The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

Dappradar Adds Crosschain Metrics

Virtual worlds such as Decentraland and the forthcoming Beachhead are the sort of decentralized applications (dapps) that can be monitored at Dappradar.com. The popular Ethereum dapp tracker has just had an upgrade, allowing it to track onchain activity on the Tron and EOS protocols too. The site now boasts of having stats on 1,700 dapps including decentralized exchanges, crypto collectible marketplaces, and gambling dapps.

The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

According to Dappradar’s statistics, the top Tron and EOS dapps are seeing significantly more usage than their Ethereum counterparts in terms of the number of reported daily users. Predictably, betting dapps seem to be faring the best across all blockchains featured on Dappradar.

Cryptohound Follows the Money Trail

The Daily: Crypto’s Latest VR World, New Blockchain Analytics ToolsORS Cryptohound, a blockchain analytics firm, has been sniffing around in the Ethereum network in a bid to identify the source of six “highly unusual transactions” that were spotted in December, comprising approximately 5 percent of the ETH supply. “We discovered that over 5.5m ETH were sent to 39 wallets after 313 transactions,” they explain. “All six wallets have the same portfolio which consists of more than 92% share of OMG tokens” plus 150,000 ETH each. Cryptohound’s investigative report then goes on to speculate over the identity of the entity behind the $ 500 million move.

Demonstrating a practical application for blockchain forensics, a number of leading cryptocurrency exchanges have vowed to freeze funds stolen from Cryptopia. The hackers who infiltrated the New Zealand-based exchange earlier this week, before making off with several million dollars’ worth of ETH and tokens, have attempted to send their ill-gotten gains to Binance and Kucoin, prompting both platforms to freeze the accounts of the suspects.

What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.


Images courtesy of Shutterstock and Dappradar.


Need to calculate your bitcoin holdings? Check our tools section.

The post The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools appeared first on Bitcoin News.

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The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

January 16, 2019 |

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

In today’s edition of The Daily, we cover a number of stories that are of importance to cryptocurrency traders. A new trading platform is set to offer tokenized securities, Ledgerx releases a volatility benchmark based on U.S. BTC options, and the police investigate an exchange that suffered a significant security breach.

Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF

A New Tokenized Securities Trading Platform

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index
Minsk, Belarus

Currency.com, a company licensed in Belarus, has announced the launch of a new trading platform for tokenized securities. Starting with over 150 instruments, the company plans to issue over 10,000 tokens which will track the underlying prices of equities, indices and commodities. The service is in invite-only mode right now, but prospective clients can apply to be added to a waiting list.

Users will be able to buy these tokens with cryptocurrencies, and will have the ability to trade them on margin. The tokenized securities platform will also be supplemented by a service for buying cryptocurrencies using fiat, storing them and making cross-crypto exchanges, as well as with a portfolio tracking app. Currency.com is said to be using the technology of Capital.com, its sister CFDs platform.

The platform is said to implement Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures and verify all transactions with blockchain intelligence services such as Coinfirm, Elliptic and Chainalysis. Ivan Gowan, the CEO of the company, commented, “We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus’s Decree No. 8 ‘On the Development of the Digital Economy’.”

Ledgerx Launches Benchmark Volatility Index

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index
The Chicago Board Options Exchange Volatility Index (VIX)

Ledgerx, the CFTC regulated digital currency clearinghouse and options exchange, has announced the launch of Ledgerx Volatility Index (LXVX) a volatility estimate for BTC based on live U.S. options trading. The company says that the LXVX is designed to incorporate the level of fear and uncertainty in the crypto market, and thus can be thought of as the “bitcoin fear index”, in the same way the VIX is commonly referred to as the stock market fear index.

“Having cleared half a billion in derivatives, we feel confident that the LXVX is the only credible indicator for future bitcoin volatility,” said Juthica Chou, the company’s co-founder and Chief Operating Officer. “The importance for a volatility estimate is a range of strikes and terms. Ledgerx has active options contracts from $ 2k to $ 50k in strikes, out to June 2020.”

“One of the fascinating things about volatility indices is that they’re of interest to a lot of participants, even if they don’t trade the options directly. For example, if you are a large holder of bitcoin or a risk manager, you’d be very interested in how much the market expects bitcoin to move over the next month. To finally have an estimate of volatility for bitcoin is another step in the maturation of the market,” she added.

NZ Police: We Didn’t Storm Cryptopia Exchange

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

Christchurch, New Zealand-based Cryptopia is the latest exchange to get hit by hackers. After initially claiming the service was only taken down for “unscheduled maintenance” on Monday, the company revealed yesterday that it has “suffered a security breach which resulted in significant losses.” The New Zealand authorities updated the public today, Wednesday Jan. 16, that they are working with Cryptopia to establish what exactly happened, which seems to counter the fears of some commenters that the company pulled a $ 3.6 million exit scam.

“Police are not yet in a position to say how much cryptocurrency is involved, other than it is a significant amount,” the investigative force stated.“A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case. There has been a visible police presence at the company’s Colombo Street headquarters throughout the day as police take the steps needed to progress the investigation. While police are unable to go into details about specific steps being taken at this stage, we can say that our focus includes commencing both a forensic digital investigation of the company and a physical scene examination at the building.”

“We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take. We are also aware of speculation in the online community about what might have occurred. It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need. A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index appeared first on Bitcoin News.

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The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

January 15, 2019 |

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Firm

In today’s edition of The Daily, we cover a number of stories that show how the cryptocurrency ecosystem is evolving to become more inviting to institutional investors. Bittrex exchange opens an OTC trading desk, Bakkt “acquihires” a futures compliance team, and Swiss investment bank Vontobel launches a custody solution.

Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF

Bittrex Opens OTC Desk

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

U.S.-based digital asset exchange Bittrex has announced that it has opened an over-the-counter (OTC) desk, which includes trading on nearly all 200 tokens available on the platform. It will offer approved customers with reduced price risk, rapid trade execution and guaranteed pricing for large trades, which are typically $ 250,000 or greater. The new OTC desk will also accept both cryptocurrency and USD wire transfers for deposits.

“We’re excited to offer this new, game-changing trading option for our customers,” said Bittrex CEO Bill Shihara. “With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets.”

Bakkt Acquires Futures Team

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

Bakkt, the digital asset subsidiary of  Intercontinental Exchange (NYSE: ICE) which recently raised $ 182.5 million, has completed its first acquisition. The company announced it entered into an agreement to acquire certain valuable assets of Rosenthal Collins Group (RCG), an independent futures commission merchant.

The goal of the deal is to purchase capabilities needed for developing the bitcoin futures platform. The transaction is expect to close in February and will include the members of the RCG team joining Bakkt. It is said to enhance the company’s risk management and treasury operations with both systems and expertise, as well as to contribute to its regulatory, AML/KYC and customer service operations.

“This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets,” stated Bakkt CEO Kelly Loeffle. “Our mission requires significant investment in technology to establish an innovative platform, as well as financial market expertise to deliver the most trusted fintech ecosystem for digital assets.”

Vontobel Launches Crypto Vault

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

Investment bank Vontobel, the third-largest provider of B2B custody and execution services in Switzerland, has launched a ‘Digital Asset Vault’. The service allows Vontobel’s clients, which include over 100 banks and wealth managers, to issue instructions for the purchase, custody and transfer of digital assets integrated within their familiar banking infrastructure and regulated environment. Financial intermediaries could also use the service to offer their own clients a solution for digital assets.

“Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets. By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators,” stated Roger Studer, head of Vontobel Investment Banking.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team appeared first on Bitcoin News.

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The Daily: Twitch Gamer Tipped $70K in Crypto, Hacker Returns $100K of ETC

January 14, 2019 |

The Daily: Twitch Gamer Tipped $  70K in Crypto, Hacker Returns $  100K of ETC

In this edition of The Daily, a video gamer streaming on Twitch has received crypto donations totaling over $ 70,000 and a hacker believed to be behind the 51 percent attack on the Ethereum Classic blockchain has reportedly returned $ 100,000 in ETC coins. Also, Electrum developers have issued another series of warnings about phishing attempts using the name of the popular cryptocurrency wallet.

Also read: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

Gamer Gets $ 70,000 in BTC Donations

A video gamer going by the nickname “Sick_Nerd” has been tipped more than $ 70,000 in cryptocurrency while streaming a game of Runescape on Twitch. Most of the money was donated in several separate transfers of BTC by another user with the handle “lightpuma.”

The game played in front of a couple of thousand viewers is a version of Runescape, which is the most popular edition of the “massively multiplayer online roleplaying games” genre. It has been estimated that Runescape has over 250 million players.

The Daily: Twitch Gamer Tipped $  70K in Crypto, Hacker Returns $  100K of ETC

On Friday, Sick_Nerd got a total of 46 crypto donations amounting to around 20 BTC worth around $ 73,000, at the time of writing. Other Twitch users have recorded the stream and the gamer’s reactions. Later Sick_Nerd went to Twitter to thank his mysterious benefactor.

Last year, the popular video game streaming app Twitch enabled its users to tip each other with a number of major cryptocurrencies including bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), and litecoin (LTC). The feature was integrated with the help of a company called Streamlabs and the tips are sent through the users’ Coinbase accounts.

Exchange Receives Back $ 100,000 Stolen in 51% Attack

The hacker, or group of hackers, believed to be responsible for the 51 percent attack against the Ethereum Classic blockchain has reportedly returned $ 100,000 worth of ETC coins to the cryptocurrency exchange Gate.io, the trading platform announced in a blog post. The company said it’s trying to contact the attacker but hasn’t received any reply yet. The exchange commented:

We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.

Gate.io conducted its own analysis and concluded that the hashing power of the ETC network is still not strong enough. That means another 51 percent attack is still possible if enough hashing power is rented to launch it.

The exchange said it raised the number of ETC confirmations to 4,000 before accepting deposits and introduced measures to detect a new attack. The company urged other digital asset trading platforms supporting ethereum classic to also take steps to protect their users from blockchain reorg or rollback.

Electrum Warns About New Phishing Attempts

The Daily: Twitch Gamer Tipped $  70K in Crypto, Hacker Returns $  100K of ETCFollowing an announcement about a phishing attack in December, Electrum developers have now raised the alarm about numerous other projects attempting to clone the popular wallet. On Jan. 10, they issued a warning on Twitter stating that “there is an ongoing phishing attack against Electrum users, where rogue servers ask users to install bitcoin-stealing malware. We released version 3.3.2, which mitigates the attack.”

One of the attacks is being conducted through a fake Electrum wallet for stellar (XLM). The platform issued an alert noting that the electrum-xlm [dot] info is a Bitcoin-stealing malware. It tweeted: “There is no way to easily port wallet software from Bitcoin to Stellar, because these are completely different projects. Please do not download altcoin variants of Electrum, unless you really know what you are doing.”

The Electrum dev team also warned they have nothing to do with a project called Electrum Dark: “They are using our name without our permission. Please be very careful with altcoin versions of Electrum, as they are sometimes used as a vector to install malware that targets your real Bitcoin wallet.”

The previous phishing attack was conducted through malicious servers, which when asked to broadcast a transaction through a legitimate Electrum wallet, replied with an error message directing users to download a fake ‘security update’ from an unauthorized Github repository. The unknown hackers reportedly managed to steal over 200 BTC.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Livestreamfails, Sick_Nerd (Twitter), Electrum.


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The post The Daily: Twitch Gamer Tipped $ 70K in Crypto, Hacker Returns $ 100K of ETC appeared first on Bitcoin News.

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The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

January 13, 2019 |

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

In today’s edition of The Daily, we feature a couple of stories that show how, despite the current downturn in the cryptocurrency markets, different locations in the U.S. are competing to attract the industry. We also cover a new bitcoin investment trust application with the SEC and a rebranding of a crypto exchange.

Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF

NYC to Launch Blockchain Center

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsThe New York City Economic Development Corporation has announced it has selected Future\Perfect Labs and Global Blockchain Business Council Future to launch and operate the NYC Blockchain Center meant to help foster the continued growth of the local industry.

The center will be located in the Chelsea neighborhood where it will provide entrepreneurs with a working shared space, business support, and access to mentors. It will also provide access to public education resources about blockchain technology to all New Yorkers. Additionally, the center is said to bring together industry, government, investors, innovators and academia to discuss how the city can foster a regulatory environment that will support both consumer safety and innovation in blockchain.

“We are seeing increasing startup activity amongst our students in the blockchain and crypto sectors across NYU. We are excited about the addition of the NYC Blockchain Center to the NYC tech ecosystem and look forward to collaborating,” commented Frank Rimalovski, Executive Director at NYU Entrepreneurial Institute.

Wyoming Advances Industry-Friendly Bills

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsThe State of Wyoming is continuing to advance the creation of a local legal framework meant to attract crypto businesses. In recent days, members of the State Legislature have reportedly passed two new industry-friendly bills, a critical part of the process of enacting them as law.

The Wyoming Utility Token Act-property amendments bill is meant for legally establishing that certain tokens are properly classified as intangible personal property under Wyoming law and, therefore, do not require an exemption from securities laws. The Financial Technology Sandbox Act is meant for creating a legal sandbox for the testing of financial products and services in Wyoming.

The bill notes that: “The state of Wyoming currently offers one of the best business environments in the United States for blockchain and financial technology innovators, and should offer a regulatory sandbox for these innovators to develop the next generation of financial technology products and services in Wyoming.”

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

New Bitcoin Investment Trust Seeks SEC Approval

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsWilshire Phoenix is an investment management firm from New York which partnered with Coinbase a few months ago to establish a $ 500 million fund meant to offer institutional investors exposure to digital assets.

On Friday, the company announced, as the sponsor of the United States Bitcoin and Treasury Investment Trust, that the trust has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares.

According to the announcement, the purpose of this trust is to seek to provide investors with exposure to Bitcoin in a manner that is more efficient, convenient and less volatile than purchasing stand-alone Bitcoin. The trust will only hold BTC, short-term duration U.S. Treasury Bills and/or dollars, in proportions that seek to closely replicate the exposure of a custom index to Bitcoin.

HBUS Cryptocurrency Exchange Rebranded as Huobi

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsHuobi Group has announced that HBUS, its American strategic partner which launched in San Francisco last year, has licensed its brand and rebranded the digital asset marketplace with the Huobi name. “From a branding perspective, it simply makes sense to ensure that the Huobi name is present in the United States,” said Huobi Group Founder and CEO Leon Li. “This transition will allow Huobi to extend its brand presence around the globe.”

HBUS Holdco Inc. will continue to be the company operating the U.S. trading platform but it will migrate its trading platform to huobi.com, which will be open to U.S. users. Huobi Global will continue to serve the international market under its own name at hbg.com.

“The name ‘Huobi’ is a powerful brand in the digital asset world, representing dependability and security for more than half a decade. HBUS’s enhanced partnership with Huobi Group will also bring with it a reputable brand that will help HBUS increase trading,” said Frank Fu, CEO of HBUS. “Leveraging our exclusive partnership with Huobi Group in this way will allow us to grow the Huobi brand together.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills appeared first on Bitcoin News.

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The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC

January 12, 2019 |

The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves Coins Between Cold Wallets

OTC crypto platform Genesis Global Trading has increased its annual trading volume by 50 percent and we’ve got the details in this edition of The Daily. We also feature an announcement by Bittrex which sought to calm traders who spotted 130,000 BTC being moved, and the launch of an offers bot by P2P exchange Hodl Hodl.  

Also read: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency

Genesis Trading Reports 50% Increase in OTC Volume

The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTCOver-the-counter (OTC) digital asset platform Genesis Global Trading has recently reported a 50 percent year-over-year increase in its trading volume, despite the continuing bearish trend on the markets which started last year. In a correspondence to its customers, Genesis also noted that the total of crypto loans it gave to institutional clients has reached almost $ 1 billion in less than a year since the launch of its lending arm, Genesis Capital.

The company began giving loans in bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), ripple (XRP), and other cryptocurrencies in March of last year. The entities that borrow the digital money, usually financial institutions such as hedge funds, use the assets to hedge investment positions and against dropping crypto prices.

Genesis Global Trading, which is part of crypto entrepreneur Barry Silbert’s Digital Currency Group, is registered with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In May 2018, the company was granted Bitlicense approval by the New York Department of Financial Services, which allows it to operate under the strict regulatory regime in the state.

Crypto Exchange Bittrex Expands Cold Storage

The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTCU.S.-based cryptocurrency trading platform Bittrex announced it’s reorganizing and expanding its cold storage. The exchange explained in a tweet that the process results in the moving of funds between its cold wallets. The company published the notice to reassure its customers, who’d observed 130,000 BTC being sent in a single transaction, they had nothing to worry about.

The crypto exchange, the 50th most popular by 24-hour trading volume, also made a couple of announcements regarding coins available for trading on its platform. Bittrex users can now trade paxos standard (PAX) with fiat money, after the stablecoin was recently added to its USD market.

“On Jan. 17, we’re launching a US dollar (USD) market for digibyte (DGB). Eligible Bittrex accounts are auto enabled for USD trading,” the platform tweeted on Thursday. In both cases, users who want to deposit or withdraw U.S. dollars via wire transfers should submit an application in advance.

Hodl Hodl Introduces Offers Bot

The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTCPeer-to-per crypto exchange Hodl Hodl has introduced a new feature, in the form of an offers bot. From now on every offer created on the platform will be automatically posted on its Twitter account and Telegram channel, the digital asset trading platform said in a post on Medium. The list of offers will be refreshed every 30 minutes and their maximum number will be three. Private OTC offers will not be posted.

“In 2018 we created a separate Twitter account with the idea to connect cryptocurrency buyers and sellers to the latest and best offers at Hodl Hodl. We have operated this Twitter account manually up until now, and we decided to automate this process,” the developers explained this week. They have created a new Twitter account but the name remains the same – @offershodlhodl.

In the past months, Latvia-based Hodl Hodl has made a number of announcements about new features, including the introduction of non-custodial OTC trading and support for Russian ruble pairs with BTC and LTC. The exchange is also planning expansion in Asia and recently sealed a partnership agreement with Coins OTC, a company operating in the Asian over-the-counter sector.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Trading, Hodl Hodl.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency

January 11, 2019 |

The Daily: Critical Bug Found in the Beam Wallet, Wirex Adds Another Cryptocurrency

In Friday’s edition of The Daily, we cover the news about a vulnerability found in the Beam Wallet days after the launch of the Mimblewimble-based coin. Also, crypto card provider Wirex has added waves to its list of supported cryptocurrencies, and digital asset exchange Exmo has registered an increase in the number of Belarusian users following Binance’s move to restrict their access to its platform.

Also read: Trust Wallet Adds BCH, 35,000 Merchants Get Access to Crypto Payments

Critical Vulnerability in the Beam Wallet

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe developers of Beam, a new privacy-centric coin based on the Mimblewimble protocol, have found a critical vulnerability in their Beam Wallet. The bug affects all previously released wallets in both the desktop and the CLI version, the company behind the project announced on Twitter. The problem has been fixed and Beam said in a post on Medium it’s currently working with providers to upgrade their systems.

In another tweet, the Beam dev team asked all users to stop currently running Beam Wallets immediately. However, according to the message, they should not delete the wallet’s database, as the bug does not affect wallet data, secret keys or passwords. Instead, they need to uninstall the wallet, download it again from the website beam.mw/downloads and install the new application.

Beam was launched on Jan. 3, becoming the first coin based on Mimblewimble, a protocol originally developed in 2016 to improve the scalability of the Bitcoin network and enhance the privacy of its users. The cryptocurrency is already available for trading on the decentralized platform Bisq which promised to also add Grin, another Mimblewimble coin expected to launch on mainnet by the end of this month.

 

Wirex Adds Support for Waves

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe popular online bank and crypto debit card issuer Wirex has added another coin to its list of supported cryptocurrencies. Users of the Wirex platform in the European Economic Area (EEA) can now buy, store, convert and spend waves with their Wirex Visa cards, the U.K.-based company announced in a blog post. The service also supports bitcoin core (BTC), litecoin (LTC), ripple (XRP) and ether (ETH).

“The introduction of the waves wallet to Wirex is an exciting development for both crypto-investors and our globetrotting Wirex Visa card users,” co-founder Pavel Matveev commented. “For travel, welcoming waves to your portfolio means that you can enjoy a wider choice of currencies to exchange from and store,” his partner Dmitry Lazarichev added.

Last month Wirex completed the introduction of Iban support for all EUR accounts. EEA users can now fund their account by bank transfer and receive euro payments. The fintech startup also raised the funding limits for account holders in the EEA to £15,000, €16,000 and $ 20,000. The company is now planning an expansion into North American markets.

Belarusian Traders Migrate From Binance to Exmo

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe analytics department of Exmo, the largest cryptocurrency exchanges in Eastern Europe, has detected a six-fold increase in the number of registered users from Belarus in December, crypto news outlet Let Know reports. Exmo’s team attributed the influx of new traders to Binance’s decision to restrict access to its platform for the residents of a number of countries under sanctions, including Belarus.

In late November, Binance, which is currently the largest digital asset exchange by daily trading volume, informed its Belarussian users that its services will no longer be available in their country. In correspondence to customers from Belarus, the exchange urged them to read the latest version of its Terms of Use. Under the new ToU agreement, traders acknowledge and declare they are not on any trade or economic sanctions lists, such as those prepared by the U.N. Security Council and the Office of Foreign Assets Control of the U.S. Treasury Department (OFAC).

Since its launch five years ago, Exmo has registered 1.5 million users. According to the report, its daily trading volume reaches $ 40 million. The exchange, which supports trading pairs with fiat currencies such as the Russian ruble and the Ukrainian hryvnia, is currently 56th in Coinmarketcap’s volume rankings, with a daily volume touching $ 20 million.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Beam, Wirex.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency appeared first on Bitcoin News.

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The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

January 9, 2019 |

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Is Downsizing

In Wednesday’s edition of The Daily we cover a new feature that will allow Bitpay merchants to automatically diversify their settlements, a downsizing at Shapeshift that will see its team cut by a third, a show of commitment to the crypto industry by the government of Malta, and a new offering of BCH margin trading.

Also Read: FBI Agents Raid Tech Campus Over Unauthorized Crypto Trading

Bitpay Adds Multi-Coin Settlements

Popular cryptocurrency payment processor Bitpay has introduced support for multi-coin settlements. The service added support for three stablecoins during 2018 (GUSD, USDC, and PAX), in addition to bitcoin cash BCH and BTC. The new feature means that merchants can now receive their Bitpay settlements in up to five of these cryptocurrencies all at once, in addition to their supported local fiat currency.

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes
New Bitpay settlements page for merchants

“We’re excited to provide additional options and to give our merchants more flexibility with their settlements,” the Bitpay team stated. “We hope to continue adding valuable options for our merchants and their customers.”

Shapeshift Is Downsizing by a Third

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift DownsizesErik Voorhees, the founder and CEO of Shapeshift, has announced that his company is the latest venture to feel the “bitter frost” of crypto winter. The exchange platform is laying off 37 employees, reducing the size of its team by a third.

“Crypto, like the moon we strive toward, is a harsh mistress,” wrote Voorhees. “We ride high and fast during the ascents, growing at rates unseen almost anywhere else in the business world. And when the markets turn, the crypto recession is similarly dramatic and severe.”

Besides the general economic boom and bust cycle, the main reason identified for downsizing seems to be recognition that the company has lost focus. What started as just a simple tool for instant conversions grew too fast, with Shapeshift adding new services and acquiring other companies at a rate it was unable to manage. This caused the diversion of both time and financial resources, hurting its main business.

Another reason for the situation is that the changing regulatory environment forced the company to face “immense legal bills” just to handle possible government-related risks. It also caused the platform to impose identification on users by switching to a membership-based business model, which drove away many of its API partners who left for non-KYC competitors.

Malta Remains Committed to Crypto

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift DownsizesThanks to a welcoming stance and a clear regulatory framework, Malta has been able to position itself as a leading global cryptocurrency trading hub, with a multitude of digital asset exchanges choosing to be legally based there. The current crypto market downturn is not going to change that as far as the political leadership of the country is concerned.

After getting taunted by the by the local opposition for its work on becoming known as “Bitcoin Island,” the government has made it clear that it is proud of these efforts. The Parliamentary Secretariat for Financial Services, Digital Economy and Innovation said that numerous measures had been taken to secure this sector and give more peace of mind and protection to crypto investors, according to a local news report. The secretariat also remarked that a campaign by the Cyber Security Steering Committee was recently launched to educate the public on possible fraud.

The government’s answer also made it clear that the crypto industry is seen as a necessary part of the economy of the future in Malta along side artificial intelligence, esports, video gaming and space exploration.

Okex Launches Bitcoin Cash (BCH) Margin Trading

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift DownsizesOkex, the Malta-based exchange which supports fiat currencies such as the Vietnamese dong and Chinese yuan, has announced it has launched bitcoin cash (BCH) margin trading on the platform effective immediately.

According to the company, users can now enjoy trading BCH against USDT or BTC on margin with the option of 3x leverage, which is three times the user’s total balance at maximum. OK Piggy Bank, a tool for earning daily interest with users’ spare tokens launched earlier by the company, has also now pledged support for BCH.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Bitpay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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