Day: February 13, 2019

Blockchain Analysis Ties 5 Bitcoin Addresses to QuadrigaCX Exchange

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Blockchain watchers have identified a group of bitcoin addresses that likely belong to one of the so-called cold wallets of failed crypto exchange QuadrigaCX. The discovery is notable in light of QuadrigaCX’s claim that it has been unable to access these wallets – which held the lion’s share of the $190 million owed to customers – since the death in December of CEO Gerald Cotten. In court filings, the company has said Cotten had the sole responsibility of moving funds from the exchange’s “hot,” or active, wallet to offline “cold”…

Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

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The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12. In the document, the SEC specifies that the withdrawal was “at the request of the Staff of the U.S. Securities and Exchange Commission. No securities have been sold in connection with the offering of the Fund.” Reality Shares ETF Trust — which is a unit of crypto-focused fintech firm Blockforce Capital — initially filed a…

California Governor Talks Blockchain and Data Privacy in State of the State Speech

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The governor of California Gavin Newsom supported the development of blockchain and artificial intelligence (AI)-based products in his “State of the State” speech, local news outlet CALmatters reported on Feb. 12. In his speech delivered on Tuesday, Feb. 12, Newsom said that “California needs a comprehensive statewide strategy to uplift and upskill our workers, to ensure technological advancements in AI, blockchain, big data, are creating jobs, not destroying them, and to reform our institutions so that more workers have an ownership stake in their sweat equity.” Newsom further revealed that…

New Internet Bill May Foster Censorship, Isolation

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Russia Redacted: New Internet Bill May Foster Censorship, Isolation February 13, 2019 by Vladimir Litvinov The adoption in the first reading of a draft law on the “sovereign Internet” by the State Duma, the lower parliamentary chamber in Russia, occurred earlier this week. The bill has the potential to isolate the country from the global community and would surely foster censorship. Also read: States Moving Toward Sales Tax That Would Hit Crypto Services We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out our insights & interviews with influential insiders…

Coinbase Gives Out $30,000 Reward for Detecting Critical Bug

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Major United States crypto exchange and wallet service Coinbase has given a $30,000 reward for reporting a critical bug on its system, according to data from Coinbase’s vulnerability disclosure program on HackerOne.The bug, which was reported on Feb. 11, earned the largest reward ever given out by Coinbase on HackerOne. The vulnerability report is not publicly available on HackerOne. While Coinbase has reportedly confirmed that the vulnerability has since been fixed, a spokesperson declined to specify any additional details on the issue, as reported by tech news website The Next…

Crypto Institutional Investment Coming | So Says Mike Novogratz

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According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year. If this were to be the case, digital coins would most likely rally significantly. Crypto Institutional Investment In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs ‘smart money’: “All the architecture that institutions need to feel comfortable with this is being put in place […] You’re going to start to see custody come online.” Crypto Institutional Investment Needs Custody Solution The…

Coinbase Wallet Now Compatible with Google Drive and iCloud

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As of yesterday, users using a Coinbase Wallet can now back up an encrypted version of their private keys to their personal cloud storage account. These accounts include either iCloud or Google Drive. Coinbase released this announcement via its personal blog yesterday. Coinbase Wallet Upgrades 🔐☁️ Introducing Cloud Backup for your private keys on Coinbase Wallet! Backup to your personal iCloud or Google Drive, and explore the open financial system with peace of mind. https://t.co/6uaHT8AZky — Coinbase Wallet (@CoinbaseWallet) February 12, 2019 This new feature is making many within the cryptocurrency…

Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account

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Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance.    Also read: Hacked NZ Exchange Cryptopia Allowed to Reopen Closing of Account Deemed Unlawful The decision was handed down by Judge Geilza Fátima Cavalcanti Diniz from 3rd Civil Court of Brasilia, the capital. It confirmed an injunction granted to the digital asset trading platform in September 2018 by…

British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

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Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…

British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

boss

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…