Day: September 19, 2018

Coinbase Hires Former Fannie Mae Exec as New Chief Legal Officer

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Cryptocurrency exchange Coinbase has hired on former Fannie Mae General Counsel Brian Brooks as their new Chief Legal Officer, according to an announcement published September 19. At Coinbase, Brooks will be responsible for legal, compliance, and government affairs. Prior to Coinbase, Brooks served as Executive Vice President, General Counsel and Corporate Secretary of the U.S. Federal National Mortgage Association (FNMA), commonly known as Fannie Mae. The association purchases qualifying mortgages from lenders, which it then bundles in bonds and sells to investors. In 2017, Fannie Mae reportedly provided $570 billion…

New App Allows Users to Create a Custodian-Free Bitcoin Trust

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On Wednesday, September 19, a team of developers launched a platform called the Open Savings Initiative. The application allows any Bitcoin Cash (BCH) and Bitcoin Core (BTC) user to save funds in a time-locked address that cannot be spent until a specific date and time has passed. Also read: Critical Bug Found in Bitcoin Core Invokes the Multiple Client Argument Open Savings Initiative Allows Bitcoin Users to Lock Funds Until a Specific Time There’s a new platform that allows people to save BCH and BTC in a time-locked address making the…

UK: DeVere’s Green predicts cryptos will ‘soar’

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The Commons Select Committee’s report calling for the crypto “wild west” to be tamed is an endorsement for virtual currencies, deVere chief executive Nigel Green has argued. While describing crypto regulation as feeble and consumer protections weak, the report also argued Britain could become the world’s leading hub for digital coins. Now part of mainstream finance “Cryptocurrencies are here to stay,” said Green, reacting to the report. “In fact, in today’s increasingly digitalised, globalised world, demand for these digital, global currencies are only set to soar in the coming years. “As such, I…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 19

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Germany’s Minister of Finance Olaf Scholz believes that cryptocurrencies are not yet ready ro replace traditional fiat money, but he is not so confident about “20 to 30 years” into the future. This is a bullish sign, which confirms that the world is…

Crypto Mining Malware | Instances Up Nearly 500% in 2018

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According to a crypto jacking report published by the Cyber Threat Alliance (CTA), crypto mining malware infections are up nearly 500% in 2018. Crypto Mining Malware Report The threat of illicit cryptocurrency mining represents an increasingly common cybersecurity risk of enterprises and individuals. According to the report, the CTA found that malware detections were up 459% between 2017 and 2018. “Combined threat intelligence from CTA members show that this rapid growth shows no signs of slowing down, even with recent decreases in cryptocurrency value,” the company writes in a preface. The threat…

NY Crypto Exchange Report Bearish for Bitcoin ETF Plans

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A new report drafted by the New York attorney general’s office (OAG) alleges that a significant number of cryptocurrency exchanges may be vulnerable to market manipulation, a finding that could prove ominous for hopes among investors that federal regulators will approve a bitcoin ETF or other exchange-traded crypto products in the near-term. 3 CME-Partnered Exchanges Flagged by NY Probe Bitcoin, according to Securities and Exchange Commission (SEC) Chairman Jay Clayton, is not a security under federal law. However, an exchange-listed fund that provides investors with exposure to bitcoin would be…

Bitcoin’s Price Swings to Nearly $6,500 in Volatile Trading Hour

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Bitcoin’s volatility was on full display on Wednesday when its price fell from $6,300 to $6,100 before shooting up to $6,500 – all within an hour’s time. As of press time, the world’s largest cryptocurrency by market capitalization was trading at $6,422, up 5 percent from the day’s low of $6,117. The market did not waste time making its bullish move, scaling over 6 percent in less than 20 minutes to ultimately hit a high of $6,494, according to CoinDesk’s Bitcoin Price Index (BPI). Coincidentally, the move occurred within just minutes…

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported

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Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19. According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million. Cointelegraph will update this story as more information becomes available. Source link

Copyright on Blockchain, Explained | Cointelegraph

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2. Again, the waters are murky here – even the World Intellectual Property Organization (WIPO) is vague on some of the details. When it comes to tweets, WIPO says that, in actuality, some of them may be too short to qualify for the copyright protection usually enjoyed by authors. Why, you may ask? Because their short length means that they are “unlikely to reach the level of creativity required.” Of course, comedians creating witty one liners may beg to differ here – especially when so many of them have their content…

Bitcoin Core Bug Resolved in 0.16.3 Client: Threatened Security of Lightning Network

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A GitHub report opened on September 17, 2018, revealed a recent bug in the Bitcoin Core versions 0.14.0 to 0.16.2. The exploit threatened to crash Bitcoin Core if the most recent version wasn’t updated. The anonymous reporter reached out to developers of the pioneer cryptocurrency with their findings, after which Anthony Towns, Hennadii Stepanov, Matt Corallo, Suhas Daftuar, Thomas Kerin, Wladimir J. van der Laan, and a handful of others went to work on releasing version 0.16.3 of the client. Double-Spending Attack The details of the exploit reveal that the…