Day: March 2, 2019

Big Four Auditor Reveals Status Of QuadrigaCX’s Bitcoin Cold Storage

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On February 5th, 2019, a press release by QuadrigaCX shocked the broader cryptocurrency community. With the death of chief executive Gerald Cotten, the Canadian exchange allegedly lost access to $190 million Canadian worth of cryptocurrencies held in cold storage, as Cotten left Earth with no succession plan. The late entrepreneur’s wife later stated in an affidavit that she couldn’t access Cotten’s laptop, with her counsel’s attempts to decrypt the laptop’s proving to be more than futile. QuadrigaCX Ethereum Funds Could Be Resecured An extensive article written by James Edwards, the…

Centralized Exchanges vs Decentralized Exchanges? Which is emerging?

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The incredible dominant part of digital currency exchanges are as yet brought together. Notwithstanding, a Decentralized trade offers unmistakably more advantages. What is the contrast between them? How about we discover. Putting resources into crypto can be hazardous. Such a large number of choices to make, such a significant number of business sectors, coins. Presumably the most imperative decision is to pick a trade. Which one is better? Unified or Decentralized trade? Centralized Exchange – Controlled by the middle authority Brought together digital money trade (CEX or CCE) is the…

Researcher: Dorsey’s Square Could Help Bitcoin (BTC) More Than an ETF & Bakkt

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Square Could Spark Widespread Bitcoin Adoption Earlier this week, Ethereum World News reported that Square, a fintech startup based out of San Francisco, had sold millions worth of Bitcoin (BTC) over fiscal 2018. In fact, since launching its cryptocurrency offering in early-2018, basically at the peak of the recent cycle, the Cash App, Square’s flagship application, made $166 million revenue from the sale of BTC. In Q4 alone, the company sold $52 million in the digital asset, even as Bitcoin fell through the floor in a seeming act of investor…

Researcher: Dorsey’s Square Could Help Bitcoin (BTC) More Than an ETF & Bakkt

boss

Square Could Spark Widespread Bitcoin Adoption Earlier this week, Ethereum World News reported that Square, a fintech startup based out of San Francisco, had sold millions worth of Bitcoin (BTC) over fiscal 2018. In fact, since launching its cryptocurrency offering in early-2018, basically at the peak of the recent cycle, the Cash App, Square’s flagship application, made $166 million revenue from the sale of BTC. In Q4 alone, the company sold $52 million in the digital asset, even as Bitcoin fell through the floor in a seeming act of investor…

Crypto Technicals Turn Bullish As Bitcoin (BTC) Ends Six-Month Downtrend

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Top-Down Crypto Looks Bullish While Bitcoin’s recent price action signals almost anything but a bull rally, some analysts have begun to argue that technical indicators are starting to turn in the favor of cryptocurrencies. JB, an industry commentator on Twitter, recently took to his feed to convey why the two-week crypto market capitalization chart, which includes Bitcoin, Ethereum, and each and every altcoin in circulation, is looking relatively bullish. The up-and-coming analyst, followed by a number of respected ecosystem participants (Gemini, CoinMetrics, Francis Pouliot, etc.), noted that at long last,…

QuadrigaCX Wallets Have Been Empty, Unused Since April

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Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1. Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart from one inadvertent transaction of Bitcoin amounting to nearly $500,000, there have been no deposits in the wallets since April 2018. Furthermore the report states: “To date, the Applicants have been unable to identify…

Economics Professor on Ripple Board Misrepresents Bitcoin During Stanford Lecture

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A Stanford student has submitted a letter of complaint to the Graduate School Board stating that a resident economics professor grossly misrepresented Bitcoin during a guest lecture on blockchain and the future of finance, while openly promoting Ripple as a better alternative. Also read: Warren Buffett Calls Bitcoin a Delusion – But an Ingenious One Questionable Academic Integrity When Stanford student Conner Brown entered a lecture hall at the Stanford Graduate School of Business in January 2019 to attend a guest lecture by Susan Athey, Economics of Technology Professor at…

Major Saudi ATM Provider Partners With Blockchain Identity Platform

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Saudi automated teller machine (ATM) provider Alhamrani Universal (AU) has collaborated with blockchain identity platform ShoCard to develop a blockchain-based biometric ATM, according to a press release published on Feb. 27. The collaboration will see AU and ShoCard create a new type of an ATM combining blockchain technology and biometrics as part of a five-factor authentication process. The ATM will reportedly allow customers to use a blockchain-based app and facial recognition instead of personal identification numbers to withdraw funds. The ATMs will purportedly be able to communicate across banks in…