Day: January 14, 2019

How to Generate a Bitcoin Address With Your Own Name

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You don’t have to be vain to want a vanity address. A bitcoin vanity address is the crypto equivalent of a personalized license plate, with a portion of its 26-35 alphanumeric characters closely mirroring the name of the wallet’s owner. For fundraising, collecting tips or soliciting donations, having a bitcoin address that’s synonymous with its owner can be advantageous, despite the privacy trade-off this entails. Also read: Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund Why You Might Want a Vanity Address If you’ve been involved with Bitcoin for a…

How to Generate a Bitcoin Vanity Address

boss

Featured You don’t have to be vain to want a vanity address. A bitcoin vanity address is the crypto equivalent of a personalized license plate, with a portion of its 26-35 alphanumeric characters closely mirroring the name of the wallet’s owner. For fundraising, collecting tips or soliciting donations, having a bitcoin address that’s synonymous with its owner can be advantageous, despite the privacy trade-off this entails. Also read: Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund Why You Might Want a Vanity Address If you’ve been involved with Bitcoin for…

Bittrex Follows Major Crypto Exchanges in Launching Over-The-Counter Trading Platform

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United States-based cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk on Monday, according to a private statement released on Jan. 14. The latest major exchange to enter the OTC market, Bittrex will offer investors the same raft of around 200 crypto assets currently available on its standard platform. OTC trading has become an increasingly popular option for institutional investors looking to perform large-volume trades. Fellow U.S. exchange Bitfinex opened its own platform in 2016, while the country’s largest player Coinbase is currently in the process of rolling out…

Denmark’s Tax Agency Seals Authority to Collect Data from Three Crypto Exchanges

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Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges. An official announcement published on the agency’s website reported this development on Jan. 14. The authorization means that three unspecified Danish crypto exchanges now have legal disclosure obligations to hand over identity information that includes names, addresses and personal tax numbers, as well as details of all crypto transactions made on their platforms between Jan. 1 2016 to Dec. 31 2018. The Tax Authority has said…

Cryptocurrency exchange Gate.io sees $100,000 In Ethereum Classic returned by 51% Attacker

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Cryptocurrency exchange Gate.io, which was targeted in a recent hacking, said the ETC 51-percent attacker returned $100,000 worth of Ethereum Classic to them. The exchange said its attempt to contact the 51-percent attacker met with no response. “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 said in a statement. The exchange warned that there are further chances to launch another 51-percent attack, as…

Following $5 Billion Drop in Crypto, Traders See Weakness in Bitcoin

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On January 13, the crypto market initiated an intense sell-off as the Bitcoin price fell below the $3,500 mark. The weakness in the short-term price trend of BTC led the market to demonstrate volatility on the downside. More than $5 billion was wiped out of the crypto market and major assets like Ethereum recorded a six percent drop. Where is Bitcoin Headed? Generally, both analysts and traders expect Bitcoin to fall to the low $3,000 region in the days to come. Some have suggested that a strong buy wall below…

Vermont State Agencies Launch Blockchain Pilot Program for Captive Insurance Industry

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Two agencies in the state government of Vermont in the United States have jointly launched a blockchain pilot program for captive insurance, according to an official announcement published on Jan. 11. The Secretary of State Jim Condos and Department of Financial Regulation Commissioner Michael Pieciak have signed an agreement to join forces to explore blockchain technology and the benefits of its deployment in maintaining records in the captive insurance field. Captive insurance is an alternative form of self-insurance where a parent group creates a licensed insurance company for itself. The…

Spanish Securities Regulator Adds 23 Forex and Cryptocurrency Exchanges to Warning List

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The Spanish National Securities Market Commission (CNMV) has added 23 unauthorized forex and cryptocurrency entities to its warning list on Jan. 14. Among the companies added to the list is Blonde Bear OÜ, also referred to as Black Parrot Ltd., which claims to be a forex and cryptocurrency exchange operator but reportedly operates in Spain without a license. The company, which operated on the trade111.com and tradex1.com domains, has also been flagged by the Polish Financial Supervision Authority for operating in Poland without the required license. Another company added to…

Research Suggests Russian-Based Hackers Behind Ryuk Ransomware’s $2.5 Million Gains

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A recent spate of ransomware attacks estimated to have earned hackers 705.08 Bitcoin (BTC) ($2.5 million) likely came from Russian cybercriminals, not North Korean state-sponsored actors as initially thought. The development was reported on The Next Web’s crypto-focused news site Hard Fork on Jan. 14. Hard Fork cites evidence from cybersecurity research teams McAfee Labs and Crowdstrike, which have analyzed the strategies used in developing and disseminating the Ryuk ransomware strain, and concluded that the identity and motivations of its masterminds have most likely until now been misreported. The Ryuk…

Bittrex Launches OTC Trading Desk With 200 Cryptocurrencies

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U.S. crypto exchange Bittrex is launching an over-the-counter (OTC) trading desk. The new service, which will allow approved clients to “quickly and conveniently trade assets,” will support nearly 200 cryptocurrencies already offered by the exchange, the company announced Monday. According to the exchange, the OTC desk will provide “guaranteed pricing” for major trades, “typically $250,000 or greater.” OTC trading desks facilitate direct transactions between two parties, unlike exchange trading where buy and sell orders are matched through an order-book. The desk itself will not go live until 18:00 UTC on…