Day: March 4, 2019

Wallet Bug Potentially Enables Exchange Hacks, Team Prepares Patch Release

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A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post, published by the official Ryo (RYO) account on March 3. According to the post, an email reportedly sent to the Monero-announce mailing list warns exchanges and service operators using the coin that the Monero Vulnerability Response team received a disclosure concerning a vulnerability. The vulnerability consists of the mishandling of outputs in coinbase transactions (the first transactions in a block, always made by miners).…

Goldman Sachs-Backed Circle Seeks $250M In Funding

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Cryptocurrency startup Circle Internet Financial Ltd, which is backed by Goldman Sachs, is seeking to raise about $250 million in equity and debt, according to a report by technology news website The Information. The report, quoting Circle’s co-founder Jeremy Allaire, said the company’s revenue grew between 2017 and 2018 despite the fall in crypto prices. The crypto company generates revenue from trading fees on its cryptocurrency exchange Poloniex and institutional trading operation Circle Trade. Circle has seen a decrease in its proceeds due to weakening trading volumes amid the overall crypto market…

Gibraltar Exchange to List Bitcoin Cash Fiat Trading Pairs

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A Gibraltar insured and regulated digital asset exchange is set to list bitcoin cash (BCH) versus fiat trading pairs. Users of the platform, that features fiat onboarding capabilities, will soon be able trade the popular cryptocurrency against the U.S. dollar, British pound and the euro. Also Read: Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand BCH/Fiat Trading Pairs Are Coming to GBX-DAX The Gibraltar Blockchain Exchange (GBX) has announced that starting from March 13, fiat trading pairs with bitcoin cash (BCH) will be available to users of…

Instant Crypto Credit Line Provider Says It Processed $300 Million in Seven Months

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A crypto lender offering instant loans in more than 45 fiat currencies says it has amassed more than 170,000 users — with $300 million processed over a seven-month period. Nexo enables consumers to deposit their crypto assets into a secure wallet and instantly access a flexible credit line via automated approval and without the need for credit checks. They can then spend this credit by card or withdraw it to a bank account with a same-day or next-day transfer without incurring hidden fees or foreign exchange commissions. The platform says…

Bahamas Central Bank Announces Key Tech Providers for Upcoming Digital Currency Pilot

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The Central Bank of the Bahamas has announced its key collaborators for the development of a digital fiat currency system in the island country, according to an official document released on March 1. Called “Project Sand Dollar,” the new initiative intends to provide equal access to digital payments capabilities, reducing cash transactions and service delivery costs. The pilot also aims to improve operational efficiency and overall financial inclusion in communities across the Bahamas. In order to implement the project, the Bahamas central bank will reportedly cooperate with transaction provider NZIA.io…

Taiwan’s Financial Watchdog to Establish STO-Related Fundraising Mechanism This Year

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Taiwan’s Financial Supervisory Commission (FSC) will establish a new fundraising mechanism based on security token offerings (STOs), according to an article published by financial news outlet Taiwan Economic Daily on Monday, March 4. The FSC, an independent government agency subordinate to the Executive Yuan of the Republic of China (Taiwan), has revealed plans to adopt an STO-related fundraising mechanism. A symposium aimed at listening to the opinions of the industry’s practitioners on the issue is scheduled for the end of April this year, with plans to formulate relevant issuance standards…

Roger Ver’s Bitcoin.com is Reportedly Under Government-Sponsored Attack

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Bitcoin.com is likely under a government-sponsored cyber attack, according to owner and crypto investor Roger Ver. The 40-year old Tokyo-based entrepreneur stated Monday that he received a Google Suite alert about a potential intrusion. He posted a screenshot, indicating that anonymous government-backed hackers were attempting to compromise one of the Bitcoin.com’s email accounts. Here’s the copy of that screenshot: “Because Bitcoin.com is building tools to bring economic freedom to the world, we are likely under government-backed attacks,” Ver guessed. Espionage on Bitcoin.com Following a major revamp of its security protocols in…

Roger Ver’s Bitcoin.com is Reportedly Under Government-Sponsored Attack

boss

Bitcoin.com is likely under a government-sponsored cyber attack, according to owner and crypto investor Roger Ver. The 40-year old Tokyo-based entrepreneur stated Monday that he received a Google Suite alert about a potential intrusion. He posted a screenshot, indicating that anonymous government-backed hackers were attempting to compromise one of the Bitcoin.com’s email accounts. Here’s the copy of that screenshot: Source: BTC Reddit Forum “Because Bitcoin.com is building tools to bring economic freedom to the world, we are likely under government-backed attacks,” Ver guessed. Espionage on Bitcoin.com Following a major revamp of…

Dow Futures Jump on Trade War Deja Vu, Bitcoin Price Crashes to $3,670

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The US stock market is primed to jump higher on Monday after increased optimism over the state of the US-China trade negotiations caused Dow futures to leap nearly 100 points. The bitcoin price, however, continues to bleed lower in the wake of its failed attempt to clear a key resistance level. Dow Futures Climb Nearly 100 Points after Snapping Winning Streak As of 8:47 am ET, Dow Jones Industrial Average futures had bounced by 94 points or 0.36 percent, implying a rise of around 100 points at the opening bell.…

Developers Have Adopted Crypto En-Masse, What’s the Missing Piece?

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It isn’t a secret that Bitcoin has yet to see adoption. Few online merchants accept the cryptocurrency. And the same could be said for retailers and food establishments. But, over the past 24 months, the underlying industry tides have begun to shift in Bitcoin’s favor, as forward-thinking developers have started to flow into this space en-masse. A prominent venture capitalist claims that this should set the stage for BTC to garner traction with a mainstream audience. Developers Adopting Crypto Is Bullish Chris Burniske, a partner at Placeholder Ventures, noted that…