January 28, 2019

Two Probably Still Active Groups Account for $1 Billion in Crypto Hacks

January 28, 2019 boss

A report outlined by blockchain analytics company Chainalysis has revealed that two hacker groups have reportedly stolen $1 billion in cryptocurrency, the Wall Street Journal (WSJ) reports on Jan. 28. According to the new report shared with the Wall Street Journal, the two entities — which Chainalysis calls Alpha and Beta — have received the majority of the money lost in cryptocurrency scams. Furthermore, the WSJ cites Philip Gradwell, the chief economist at Chainalysis, as saying that the two organizations are probably still active. However, the aforementioned article also quotes…

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed?

January 28, 2019 boss

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? January 28, 2019 by Akshay Makadiya Hong Kong Stock Exchange regulators have been repeatedly kicking the can down the road on approving crypto-related IPOs. In response, a few Chinese crypto exchanges are aggressively pursuing reverse mergers, an alternative and unconventional way to become a publicly-listed company. Are the mergers worth the fuss? Also read: Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Looking at Crypto Reverse Mergers Cryptocurrency…

XRP Meltdown, Lose $1 billion in 24 Hours

January 28, 2019 boss

Ripple price down $1 billion in 24 hours The aim is to replace SWIFT and dominate the cross-border fund transfer space Transaction volumes low as XRP prices correct The truth is, Ripple has a long way to go, and as XRP prices correct, retesting Dec 2018 lows of 30 cents, we remain net bullish. Ideally, we would like to see prices rally above 34 cents, but this largely depends on tomorrow’s reaction. Ripple Price Analysis Fundamentals Behind Ripple is a dedicated team that wants to see the network flourish. Prices…

Binance’s BitTorrent Token Sale Sells Out in Minutes Amid Technical Issues

January 28, 2019 boss

A public sale of 59.8 billion BitTorrent Tokens (BTT), worth $7.2 million, sold out in a matter of minutes on Binance’s Launchpad earlier today, despite technical difficulties that frustrated some users. At 3:00 UTC, the token sale platform opened its doors to BTT investors through two separate sale sessions, one for those paying with the token native to the Tron blockchain, TRX, and the other for those paying with Binance’s native exchange token, BNB. According to BTT’s token sale and economics, each BTT token was valued at $0.00012 during the…

Binance’s BitTorrent Token Sale Sells Out in Minutes Amid Technical Issues

January 28, 2019 boss

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

January 28, 2019 boss

Photo: Pixabay You could have heard that one of the crypto market newest trends is stablecoins. This is obvious, taking into account the volatility and the fall of the market we all have seen in 2018. Stablecoins are aimed at maximizing a stable price and are the only way to save money for lots of crypto holders these days. How exactly will the stablecoin industry develop? Can its leader, Tether, lose it dominance? We interviewed representatives of 10 leading stablecoin projects and here are 5 stablecoin market trends you’ll most…

Crypto Startup Wants You to Trade on Exchanges Without Trusting Them

January 28, 2019 boss

A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges. Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.” In other words, trades will take place off-chain. As Goldberg explained: “You put a smart contract on a blockchain where it locks up coins and once it’s locked up, you can do all sorts of transactions … without posting those transactions…

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

January 28, 2019 boss

The Intercontinental Exchange (ICE) has partnered with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product, as ICE Data Services tweeted on Jan. 24. Founded in 2000 in the United States, the Intercontinental Exchange is a global company that owns exchanges for financial commodity markets and operates 23 global exchanges, including the New York Stock Exchange (NYSE). According to the announcement, ICE’s new crypto data service enables real-time and historical data for more than 60 cryptocurrencies from major trading markets and exchanges worldwide. Blockstream has introduced the…

Taiwanese Authorities Arrest over a Dozen Suspects for Bitcoin Scam Scheme

January 28, 2019 boss

Police in Taipei has apprehended 15 suspects involved in a scam initial coin offering (ICO) scheme known as IBCoins, which generated nearly $8.13 million for the bad actors since September 2018, local news source, Focus Taiwan reported on January 26, 2019. “Shitcoin” Scam Per sources close to the matter, Li Chi-hsun, the chief of the 7th Investigation Corps of Taiwan’s Criminal Investigation Bureau (CIB) has revealed to local news sources that the authorities have apprehended at least 15 suspects involved in a multimillion-dollar cryptocurrency scam project in two raids carried out…

Bitcoin Skeptic, Ex-Starbucks CEO Howard Schultz Considers 2020 Presidential Run

January 28, 2019 boss

The former CEO and chairman of Starbucks, Howard Schultz, has announced he is considering an independent run in the forthcoming 2020 United States presidential elections, in a tweet posted on Jan. 27. “I love our country, and I am seriously considering running for president as a centrist independent,” he wrote — prompting a spate of critical responses, with most commentators arguing that an independent candidacy would diminish the likelihood of a successful, unified Democratic alternative to a second Trump presidential term. For commentators in the crypto space, a Schultz run…