Monthly Archives: April 2019

Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal

A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin. Both companies share the same owner. Now, the crypto exchange and the stablecoin have found themselves in hot water. At least $90 million worth of assets […]

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The Burst of the Bitcoin Bubble: An Autopsy

An analysis of the bitcoin price movements from a leading Italian economist. Marcello Minenna is the director of the quantitative analysis and financial innovation unit in Consob (Italian Companies and Exchange Commission), —Italian government’s authority responsible for regulating the Italian securities market — as well as an adjunct professor of stochastic finance at the London Graduate School of Mathematical Finance and at Luigi Bocconi University of Milan. He is an economic and financial columnist featured on leading Italian and international publications. Sixteen months after from a peak […]

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More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash

On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a “major step” toward Cashshuffle being implemented into other light wallets. Also read: BCH Developer Builds Onchain Token Auction Console — SLP Agora Cashshuffle Milestone Unlocked News.Bitcoin.com recently reported on the Cashshuffle application getting a lot of traction as the protocol has mixed millions of dollars’ worth of BCH since the Electron Cash launch. Cashshuffle […]

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NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users

Bitfinex claims that the recent allegations made about the exchange’s insolvency by the New York Attorney General are “filled with inaccuracies and false assertions.” Cryptocurrency exchange Bitfinex stated that the recent allegations by the New York Attorney General (NYAG) about the exchange’s insolvency are “filled with inaccuracies and false assertions.” The exchange made the claim in a letter seen by Cointelegraph, emailed to Bitfinex users today, April 27. The letter was signed by the exchange’s CEO, Jean Louis van der Velde. The letter specifies that the materials […]

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Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto

South Korean electronics giant Samsung might become the next multinational conglomerate to issue its own cryptocurrency token. Samsung is another big-name company to consider issuing its own cryptocurrency. Similar stories have already emanated from the likes of Facebook and JPMorgan Chase, with analysts speculating on various use cases for these cryptocurrency tokens. While not yet confirmed officially, a “Samsung Coin” could find application as a payment means on the company’s app store and traded on cryptocurrency exchanges. The company has revealed that its flagship Galaxy S10 smartphone […]

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Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations

Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency. Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency by the New York Attorney General. The news was reported by cryptocurrency news outlet Coindesk on April 26. In January last year, Zhao Dong, a shareholder of the exchange, claimed on microblogging platform Weibo that the balance of Bitfinex and tether (USDT) reserves was over […]

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Russia Prepares to Test Cryptocurrencies in Four of Its Regions

The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there. The special economic zones will allow companies, entrepreneurs and authorities to experiment with cryptocurrencies without breaking the federal law. Also read: Russia Adopts Law to Isolate Runet From the Internet Regions to Become Test Grounds for Crypto Projects The draft has been designed […]

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Consumer-Targeted Cryptojacking Is ‘Essentially Extinct’: Research

Illicit “cryptomining against consumers is essentially extinct,” declares a report released by cybersecurity company MalwareBytes. Illicit crypto mining — or cryptojacking — against consumers “is essentially extinct,” declares a report released by cybersecurity company MalwareBytes on April 23. Per the report, after in-browser mining service CoinHive shut down in early March — when the team claimed that the project had become economically inviable — cryptojacking against consumers has sharply decreased. At the same time, the number of such attacks targeting businesses increased from the last quarter. Furthermore, […]

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BCH Developer Builds Onchain Token Auction Console — SLP Agora

On April 26, software developer Tobias Ruck revealed a new platform he’s been working on called SLP Agora, an onchain trading console written in Rust that allows users to auction SLP tokens for bitcoin cash. The application’s decision-based transactions are secured by a smart contract technique enabled by the newly implemented opcode OP_Checkdatasig. Also read: Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash SLP Agora Enables Token Auctions Onchain The Simple Ledger Protocol (SLP), a system that allows token creation on the Bitcoin Cash […]

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How to Create a Bitcoin Cash Wallet With Cashaddress

Setting up a bitcoin cash wallet is one of the first steps to getting involved in the world of peer-to-peer electronic cash. And while there are many established wallet providers that support BCH, you can use the Cashaddress platform to create a bitcoin cash wallet all by yourself. Also read: Smartphone Wallpaper Lets You Track the Price of Your Favorite Coins Generate Random BCH Public Address and Private Key Cashaddress.org is a free and open source Javascript bitcoin cash wallet generator which lets you create several types […]

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