Day: February 5, 2019

Blockchain Lending Firm Dharma Raises $7 Million From Coinbase Ventures, Others

boss

San Francisco-based blockchain lending firm Dharma Labs has raised $7 million from big investors including Coinbase Ventures, as the company confirmed to Cointelegraph on Feb. 5. According to crypto news outlet The Block Crypto, Dharma Labs is planning to use the raised capital mostly for its Lever product, a platform providing instant margin loans for cryptocurrency traders and high-volume investors. Max Bronstein, head of the Dharma Labs marketing team, reportedly claimed that Lever represents a decentralized smart contract alternative to Genesis Global Trading. Genesis, a Bitcoin (BTC) over-the-counter (OTC) trading…

Lawyers May Sell QuadrigaCX To Amend $150M Bitcoin (BTC), Crypto Debts

boss

Canadian Crypto Exchange In Crisis The QuadrigaCX saga, nay, imbroglio has only continued for the umpteenth consecutive week. After reports arose that the company owed upwards of $150 million worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), along with other leading cryptocurrencies and millions in Canadian dollars, local media claims that the Vancouver, British Columbia-based upstart will be taking drastic action to mitigate any further risk. Per CBC, a leading media source in the Northern nation, the Nova Scotia Supreme Court’s Michael Wood granted QuadrigaCX, once the most powerful crypto-centric…

XRP Stand to Benefit From ASEAN Adoption Drive

boss

Ripple price bullish, candlestick formation favor buyers Targets at developing countries and China mean Ripple is better placed to clip SWIFT’s dominance Transaction volumes low. Volumes above 49 million will confirm underlying XRP demand Sellers may be pressing hard, but XRP bulls are technically in control. Before we recommend longs, XRP prices must first race above 34 cents confirming bulls of Jan 30 and those of late Dec 2018. With supportive fundamentals, this trade plan is valid and likely to print out. Ripple Price Analysis Fundamentals That Brad Garlinghouse and…

Blockchain.com Launches New Bitcoin Cash Block Explorer

boss

Wallet provider Blockchain.com has started offering a new tool for users to peer into the inner workings of their cryptocurrency. The company has launched a Bitcoin Cash (BCH) block explorer that allows people to search for transaction hashes, blocks and addresses on the BCH blockchain. Also Read: Bitcoin Cash Clothing Charity Expands to a Dozen Cities Across Canada New BCH Blockchain Explorer Blockchain.com, the popular cryptocurrency wallet provider, has announced the launch of a new Bitcoin Cash (BCH) block explorer. The company explained, for the benefit of individuals who may be…

Blockchain? No Such Thing-Timechains Are the Future

boss

Blockchain? No Such Thing–Timechains Are the Future February 5, 2019 by Paul de Havilland In a striking interview with BABB colleague Annie Mellor, CTO Gaurav Rana argued that blockchain is a poor descriptor for the technology known as blockchain. He prefers “timechain” as a more appropriate term, although still one that is not quite right. Also read: Bitcoin Price Heading for Another Drop After Two Months of Stability Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Putting Time Into the Blockchain Harkening back to an October 2018…

TRX—BTT Inverse Relationship, Demand Taper

boss

Tron prices in range mode but bullish BitTorrent benefiting from BTT hype Transactional volumes low despite yesterday’s upswings Although TRX prices are retracting from yesterday’s highs, it stands to benefit from the BTT demand. At the time of writing, TRX is down 1.4 percent from yesterday’s close, but as long as prices are above 2.5 cents, aggressive traders can initiate trades on every dip. Modest targets will be at 4 cents. Tron Price Analysis Fundamentals BitTorrent is and will continue to be a game changer for Tron. Backed by a…

QuadrigaCX Is Filing for Creditor Protection Amid Liquidity Crisis, Community Remains Largely Skeptical

boss

Canadian cryptocurrency exchange QuadrigaCX is in hot water: Following the sudden death of its 30-year-old founder, Gerald Cotten, the exchange has allegedly lost access to its cold wallets, where most of the funds were stored. Now, the exchange has taken to court to avoid the collapse, but some community members suggest that QuadrigaCX’s cold wallets never existed. Canada’s largest crypto exchange with a complex history QuadrigaCX was launched in December 2013 and operated from Vancouver, British Columbia. The digital assets exchange was founded by Gerald Cotten and Michael Patryn. Prior…

Five Critical Vulnerabilities Discovered in EOS in 2019, HackerOne Data Shows

boss

EOS.io, the company responsible for the development of fourth-largest crypto by market cap EOS, has handed over bug bounties for five critical vulnerabilities this year. Public activity on breach disclosure platform HackerOne revealed the bounties. On Jan. 10, $40,750 was awarded to five white hat hackers on the platform by EOS.io, and the day after, another researcher received a $10,000 bounty. Five of those bounties are equivalent to $10,000 each, which is the highest possible payout reserved by the company only for the most critical vulnerabilities. The Tron Foundation, the…

Access to 190M blocked after cryptocurrency exchange founder dies

boss

Canada’s largest cryptocurrency exchange is seeking creditor protection after it became unable access 190 million Canadian dollars (145 million US dollars) in funds following its owner’s sudden death in December. QuadrigaCX‘s chief executive and co-founder Gerald Cotten died aged 30 from complications with Crohn’s disease on December 9 while he was travelling in India, the Vancouver-based company said on Facebook. The exchange platform said in a statement that it filed an application for creditor protection on January 31 to the Nova Scotia Supreme Court to ‘allow us the opportunity to…

Lawyers Might Sell QuadrigaCX to Settle Debts

boss

Prosecutors will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5. According to CBC, the laptop that might provide access to $190 million of QuadrigaCX customer funds will be given to lawyers. Moreover, the lawyers are considering selling the company in order to satisfy the debts. Canadian cryptocurrency exchange QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. According to a January affidavit filed…