Monthly Archives: June 2018

Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down

The Chief Strategy Officer of major cryptocurrency exchange Bitfinex has stepped down, he will be replaced in the interim by the company’s CEO Chief Strategy Officer (CSO) Phil Potter of Bitfinex crypto exchange is resigning from the company, Reuters reports June 22. Potter will be replaced in the interim by Bitfinex CEO, Jean-Louis van der Velde. Potter commented that it was the “natural time for [him] to depart the executive team” while Bitfinex turned to “other strategic international markets.” According to Reuters, he referenced “new opportunities” to […]

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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Theft Amount Reduced South Korea’s second largest crypto exchange, Bithumb, has clarified its situation after reporting a theft on Wednesday, June 20. Citing that it “quickly followed the procedure to immediately report the incident to KISA [Korea […]

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Leading US Crypto Exchange Coinbase’s Growth Is ‘Outpacing Its Resources’

Coinbase is accused of being underprepared and overwhelmed by the pace of its growth, in reference to 134 pages of customer complaints obtained through a FOIA process. Criticisms are being leveled at U.S. crypto exchange Coinbase for allegedly being underprepared and overwhelmed by the pace of its growth, Business Insider reports today, June 22. Business Insider cites documents obtained by Mashable through a five-month Freedom of Information Act (FOIA) process, which comprise 134 pages of complaints filed by Coinbase users with the U.S. Securities and Exchange Commission […]

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Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

On Friday, June 22 a new bitcoin cash tipping application has been announced called Gitcash.io. The new platform allows registered Github users to tip each other with BCH using the web-based hosting service tethered to the Gitcash.io service. Also Read: Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH Gitcash.io Allows Github Users to Tip Each Other On-Chain Using Bitcoin Cash Bitcoin Cash (BCH) developers are at it again with a new tipping application that works with the hosting service Github. The website Github is an extremely […]

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Insight From a Place of Crisis: Bitcoin as an Agent of Change

Delving into bitcoin can take guts — and not just the type of bravado needed to embrace crypto speculation. Sometimes standing up for bitcoin also means standing up for your homeland and fellow citizens, in search of a better way. The latter display of bravery is embedded in the recently launched Let’s Talk Bitcoin! podcast #370 hosted by Adam B. Levine, Stephanie Murphy and Jonathan Mohan. That’s where LTB correspondent Christian Garcia steps up with a report from a country in crisis, reminding listeners about the world-altering […]

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FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights

Football fans have plenty of ways to use cryptocurrency at the World Cup. Major sporting events always attract a massive amount of attention across the world and it is encouraging to see cryptocurrencies being integrated into the many aspects of the event. We’ve seen this happen at the Super Bowl and the Winter Olympics in the past six months, so it’s not surprising that Bitcoin and cryptocurrencies are becoming far easier to use in the many industries involved in these major events — from hospitality to gambling. […]

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Markets Update: Cryptocurrency Prices Tumble Before the Weekend

Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices. Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite Get It The Crypto-Bears Are Back Just a few days ago digital currency market prices were reversing northbound after the extremely […]

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US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution

The US and Korean officials have resolved to strengthen their cooperation in advancing the Fourth Industrial Revolution. The US State Department and South Korea’s Ministry of Science and Technology (MSIT) have resolved to strengthen the two countries’ cooperation in advancing the Fourth Industrial Revolution, at a press conference held in Seoul today, June 22. The so-called Fourth Industrial Revolution has been characterized by the World Economic Forum (WEF) as a series of technological breakthroughs that “will fundamentally alter the way we live, work and relate to one […]

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Mt. Gox Creditors May Be Reimbursed in Bitcoin Under Civil Rehabilitation

The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018. Mt. Gox was forced into criminal bankruptcy after more than $473 million in bitcoin was stolen from the exchange in 2014. This latest petition filed by the creditors provides for more options on how they can be reimbursed. At issue primarily is the exchange rate of bitcoin […]

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Nano Android Wallet Users Advised to Move Funds Due to Security Flaw

Developers at Nano have issued a sudden warning to users who generated wallet seeds using its new Android app. Users of cryptocurrency Nano who downloaded a new Android app must create a new wallet and move their funds after the discovery of a security vulnerability, according to a June 21 tweet Nano. Developers made an urgent appeal to users June 21, asking them to relocate funds to a wallet which had a different seed: *ATTENTION* ANYONE WHO GENERATED A SEED USING THE ANDROID WALLET, IMMEDIATELY MOVE YOUR […]

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