Month: January 2019

Swiss Wallet Firm to Produce Physical Banknotes for Marshall Islands Digital Currency

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Tangem, a Switzerland-based ‘smart card’ wallet manufacturer will reportedly issue physical banknotes for the Sovereign (SOV), the state digital currency of the Marshall Islands, according to an announcement on Jan. 28. Per the announcement, physical representations of the digital currency will purportedly ensure that citizens have “fair and equal access to their digital currency, whether or not they have internet connection.” The firm states that a physical SOV will be a “controllable mechanism” for issuing the currency by the Marshallese government. Minister David Paul, Minister-in-Assistance to the President of the…

Crypto Exchange Liqui Folds As Bitcoin (BTC) Price Plunge Strikes

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Crypto Platform Liqui Loses… Liquidity Ouch… crypto platform Liqui, launched in 2016, is folding amid an extended Bitcoin (BTC) plunge-induced “winter.” Per a company release that has replaced Liqui’s exchange homepage, the upstart, which manages a once-popular trading platform, has determined that it will be “unable” to provide liquidity for its remaining clients. (Liqui isn’t so liquid more… huh.) With this in mind, the company determined that it wouldn’t be economically feasible nor logical to run its platform for much longer, interestingly adding that it didn’t want to “return to where…

Bitcoin Mixing Concept Payjoin Makes a ‘Huge Mess’ for Blockchain Surveillance

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On Jan. 24, Adam Gibson, author of Waxwing’s Joinmarket blog, wrote about an interesting Coinjoin concept called Payjoin. The protocol further obfuscates the ownership of UTXO inputs during a Coinjoin transaction mixing cycle. According to Gibson, the Payjoin technique is “another nail in the coffin of blockchain analysis.” Also read: Mystery Bitcoin Miners Are Altering Mining Pool Dominance Payjoin Bitcoin UTXO Mixing Method Improves Coinjoin’s Privacy Technique Over the past few years, blockchain analysis has kicked into high gear as law enforcement and governments have begun heavily funding companies that offer this…

Bitcoin Mixing Concept Payjoin Makes a ‘Huge Mess’ for Blockchain Surveillance

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Privacy On Jan. 24, Adam Gibson, author of Waxwing’s Joinmarket blog, wrote about an interesting Coinjoin concept called Payjoin. The protocol further obfuscates the ownership of UTXO inputs during a Coinjoin transaction mixing cycle. According to Gibson, the Payjoin technique is “another nail in the coffin of blockchain analysis.” Also read: Mystery Bitcoin Miners Are Altering Mining Pool Dominance Payjoin Bitcoin UTXO Mixing Method Improves Coinjoin’s Privacy Technique Over the past few years, blockchain analysis has kicked into high gear as law enforcement and governments have begun heavily funding companies that offer…

Troubled Crypto Exchange QuadrigaCX Goes Offline for ‘Maintenance’

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Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would go back online. The company did not post any updates about the situation to its Twitter or Reddit pages, though users of both platforms complained about issues accessing the platform throughout the day. Moreover, the…

Troubled Crypto Exchange QuadrigaCX Goes Offline for ‘Maintenance’

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Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would go back online. The company did not post any updates about the situation to its Twitter or Reddit pages, though users of both platforms complained about issues accessing the platform throughout the day. Moreover, the…

Bitcoiners Increasingly Dumping Bitcoin for Gold Investments in 2019

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Following the ongoing slump in the price of bitcoin and other blockchain based virtual currencies, experts in the finance sector including the CEO of Van Eck Associates, Jan Van Eck, has revealed that more and more cryptocurrency holders are now pumping funds into gold as a means of diversifying their portfolios, reported CNBC on January 26, 2019. Hodlers Losing Faith? While 2017 was a year of the bulls, with the price of bitcoin (BTC) rising all the way to $20K, 2018 saw the return of the flagship digital asset from…

BitTorrent Tokens Sold Out in Under 15 Minutes, Netting Over $7 Mln

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The BitTorrent token (BTT) sale on the Binance Launchpad platform concluded today Jan. 28, netting $7.1 million dollars with the sale of 50 billion tokens in under 15 minutes. Binance announced the conclusion of the sale in an official blog post. BitTorrent is a protocol for peer-to-peer file sharing, allowing users to distribute files such as music or videos over the internet. BTT is based on a Tron TRC-10 token, and will be used on the platform to “transact in computing resources shared between BitTorrent clients and any other participating service…

Owner of Hacked Crypto Exchange BitGrail Sentenced to Return Funds to Customers

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Francesco Firano, the owner and founder of hacked Italian cryptocurrency exchange BitGrail, has been sentenced to return as much of the assets to his customers as possible. Scans of the court decision were released by the Bit Grail Victims Group (BGVG) on Medium on Jan. 28. The Italian Bankruptcy Court published the sentence on Jan. 21. A post by the BGVG published the same day as the court sentence explains that “the court concluded that both Bitgrail and Mr. Firano, personally, be declared bankrupt, authorizing seizures of many of Mr.…

‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain

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Italy Crypto: ‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain January 28, 2019 by William Peaster News of fresh cryptoverse developments in Italy are starting to make the rounds in the West. An Italian bankruptcy court has found Francesco Firano, a.k.a. “The Bomber,” as responsible for the loss of 17 million NANO from the now defunct BitGrail crypto exchange. And the nation’s senate has angled toward definitive legal definitions of blockchain and smart contracts.  Also read: Kik Expects SEC to Come Knocking Over Kin ICO Subscribe to the Bitsonline YouTube channel for great videos…