Day: February 1, 2019

Coinbase Director of Data Science and Risk Steps Down

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The Director of Data Science and Risk at American cryptocurrency trading platform Coinbase, Soups Ranjan, has stepped down. Ranjan announced his departure on Twitter and in a blog post on Jan. 31. In his Medium post, Ranjan reflected on the values of Coinbase, where he began working in 2015, stating: “Last week marked the end of my tour of duties at Coinbase where I built many systems and teams from ground up (data, risk, tools, identity). It was an exhilarating three and half years and Coinbase is quite a rocket-ship…

Markets Quiet as Most Major Coins Report Small Gains, Bitcoin Hangs Below $3,500

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Feb. 1 — Markets are relatively quiet, as major coins are trading sideways, with most seeing small gains over the 24-hour period. Market visualization from Coin360 The top cryptocurrency Bitcoin (BTC) is hovering below the $3,500 mark, trading at $3,492 at press time. The coin is up by .71 percent on the day and is still down by 2.85 percent on its weekly chart. Yesterday, the Chicago Board Options Exchange’s (CBOE) re-submitted its application with the United States Securities and Exchange Commission (SEC) to list a Bitcoin exchange-traded fund (ETF).…

20-Year Old Hacker Pleads Guilty to $5 Million Cryptocurrency Theft

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After stealing $5 million in cryptocurrency from 40 victims through SIM swapping, 20-year-old Joel Ortiz, pleaded guilty to theft and accepted a plea deal of 10 years in prison as reported by Motherboard, a division of news outlet VICE, on Feb 1. Ortiz accepted the plea deal last week, according to Erin West, the Deputy District Attorney of Santa Clara County, California. He will officially be sentenced on Mar 14. Authorities reportedly state that Ortiz is the first individual convicted of a crime for SIM swapping. “We think justice has…

Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Feb. 1

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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. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. CEO of CoinList Andy Bromberg expects 2019 to be a quiet year for cryptocurrencies in terms of price while crypto firms focus on developing products and services that are useful to the public. A few analysts, however, expect the leading digital currency to fall…

Visa Partners with Ripple Associate

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XRP prices bullish. Targets at 40 cents InstaReM join hands with Visa in the Fast-track Program Transactional volumes shrink but could rise as buy momentum pick up After SWIFT and Corda Settler announcement, InstaReM is now collaborating with Visa to enhance Fintech’s money transfer arrangement. Everything else constant, this is good news, and as XRP find support in lower time frames, it is likely that prices will inch higher towards 40 cents in coming days. XRP Price Analysis Fundamentals Latest news is that InstaReM—a money service provider that mainly serves…

Ethereum 2.0 Inches Closer | Pre-Release Currently Stable

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Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release. Ethereum 2.0 The new post explains: “[This] marks the first release in a series of weekly releases through February 2019. Phase 0 in v0.1 is relatively feature complete and approaching stable. Subsequent changes will occur on dev branch and only merged into master during a release accompanied by a…

Startup Launches Loaded Bitcoin Cash Notes to Spread BCH Adoption

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News Bitcoin Cash proponents can purchase collectible and loaded BCH notes from a company called Global Notes based in Melbourne, Australia. The creator of Bitcoincashnotes.com is a firm believer in Satoshi Nakamoto’s vision for a peer-to-peer electronic cash system and thinks the low fees tethered to the BCH chain are “vital for the economic feasibility” of the company’s physical bitcoin cash product. Also read: Panda Exchange Deploys Hybrid Point of Sale and Crypto ATM in Bogota Loaded Bitcoin Cash Notes A startup called Global Notes has introduced a series of collectible…

Smart Contract Audits Firm Hosho Reduces Staff Due to Auto Tooling Boost and ICO Downturn

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Smart contracts auditing firm Hosho has laid off a significant number of staff, citing an increased amount of automated tooling, the firm’s co-founder and president Hartej Sawhney told Cointelegraph on Feb. 1. While stating that the company did lay off a sufficient part of the team — the exact amount unspecified — Sawhney still noted that Hosho continues to be one of the leading firms in the industry of smart contract auditing and security, specifically in penetration testing. The Hosho president explained that the staff reduction was caused by a…

QuadrigaCX Owes Customers $190 Million, Court Filing Shows

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Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly $250 million CAD ($190 million) in both cryptocurrency and fiat. The company previously announced it had filed for creditor protection on its website, but the filing itself provides greater details about its predicament. As of Jan. 31,…

Bitfury and Commons Foundation Set to Launch Bitcoin Transaction Processing Center in Paraguay

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Bitfury, a highly-reputed firm dedicated to securing the Bitcoin blockchain, is collaborating with Commons Foundation, a Seoul-based organization focused on creating and implementing cultural, economic, and social peer-to-peer models. The duo will launch a Bitcoin transaction processing center in Paraguay, as part of the latter’s “Golden Goose” initiative aimed at promoting widespread adoption of cryptos and blockchain technology in Spanish-speaking nations, according to a blog post on January 31, 2019. Joining Forces to Foster Cryptocurrency Adoption In a bid to promote the adoption and integration of cryptoassets as well as…