The American stock exchange cryptocurrency Coinbase implemented support for Bitcoin in its wallet application, which was launched six months ago.
“Coinbase Wallet already supports Ethereum, Ethereum Classic, and more than 100,000 ERC20 tokens and collection items from the ERC721 standard based on Ethereum. Our goal when working with Coinbase Wallet is to create the world's leading crypto-wallet, the storage of assets in which is carried out by users, ”the company wrote.
Coinbase Wallet supports both SegWit addresses and old format addresses. In addition, users can switch to the Bitcoin test network in advanced settings.
In today's announcement, Coinbase also confirmed that it continues to work on the integration of Bitcoin Cash, Litecoin "and other popular cryptocurrencies."
Earlier, some community members noted that Coinbase representatives deliberately avoid mentioning Bitcoin in their public statements, and even assumed that the exchange is building its policy in such a way as to shake the status of the first cryptocurrency.
“Coinbase Wallet already supports Ethereum, Ethereum Classic, and more than 100,000 ERC20 tokens and collection items from the ERC721 standard based on Ethereum. Our goal when working with Coinbase Wallet is to create the world's leading crypto-wallet, the storage of assets in which is carried out by users, ”the company wrote.
Coinbase Wallet supports both SegWit addresses and old format addresses. In addition, users can switch to the Bitcoin test network in advanced settings.
In today's announcement, Coinbase also confirmed that it continues to work on the integration of Bitcoin Cash, Litecoin "and other popular cryptocurrencies."
Earlier, some community members noted that Coinbase representatives deliberately avoid mentioning Bitcoin in their public statements, and even assumed that the exchange is building its policy in such a way as to shake the status of the first cryptocurrency.
A senior researcher at nChain, Craig Wright, who has earned the ill fame of a man trying to convince the public that he was hiding under the pseudonym of Bitcoin creator Satoshi Nakamoto, responded to the Commodity Futures Trading Commission of the USA (CFTC) about the cryptocurrency Ethereum.
“My name is Dr. Craig Wright. Under the pseudonym Satoshi Nakamoto, I completed a project that I started in 1997, ”he writes.
Wright claims that colossal amounts of false information and misunderstanding accompany Bitcoin and “all the derivative systems on the blockchain (including Ethereum),” and this is what forced him to start more active public activities.
“The system I created was partially intended to eradicate fraud as much as possible with technology. The blockchain's little insight has led to the spread of false information and the revival of old fraudulent schemes, ”writes Wright, noting that many of these schemes have taken the form of ICO.
He also describes the transformations that Bitcoin and blockchain technology as a whole made to the trading process, ensuring compliance with the terms of the agreements when transferring rights to financial instruments between traders.
“Ethereum is a poorly crafted copy of Bitcoin, aimed at fulfilling promises in smart contracts that were represented in Bitcoin itself, but were locked by its developers. The Ethereum network has already reached its limit and, in fact, is used only by unscrupulous offices, which are organized in such a way as to mislead those who do not have sufficient technical knowledge of market participants. Ethereum did not provide any technology for computing, and the ICO did not create anything that would not exist before them, ”Wright added.
This week, Wright also commented on the news about the launch of the cryptocurrency of JPMorgan bank, stating that he "has patents on what they are going to do," for which he was nicknamed the "patent troll."
“My name is Dr. Craig Wright. Under the pseudonym Satoshi Nakamoto, I completed a project that I started in 1997, ”he writes.
Wright claims that colossal amounts of false information and misunderstanding accompany Bitcoin and “all the derivative systems on the blockchain (including Ethereum),” and this is what forced him to start more active public activities.
“The system I created was partially intended to eradicate fraud as much as possible with technology. The blockchain's little insight has led to the spread of false information and the revival of old fraudulent schemes, ”writes Wright, noting that many of these schemes have taken the form of ICO.
He also describes the transformations that Bitcoin and blockchain technology as a whole made to the trading process, ensuring compliance with the terms of the agreements when transferring rights to financial instruments between traders.
“Ethereum is a poorly crafted copy of Bitcoin, aimed at fulfilling promises in smart contracts that were represented in Bitcoin itself, but were locked by its developers. The Ethereum network has already reached its limit and, in fact, is used only by unscrupulous offices, which are organized in such a way as to mislead those who do not have sufficient technical knowledge of market participants. Ethereum did not provide any technology for computing, and the ICO did not create anything that would not exist before them, ”Wright added.
This week, Wright also commented on the news about the launch of the cryptocurrency of JPMorgan bank, stating that he "has patents on what they are going to do," for which he was nicknamed the "patent troll."
The South Korean stock exchange cryptocurrency Coinbin, which became the successor of the hacked Youbit exchange, called itself bankrupt after it suffered material damage in the amount of $ 26 million, writes the portal Business Korea.
According to his information, Coinbin CEO Park Chan-Qu declared bankruptcy on February 20, with which payments of cryptocurrency and Fiat stopped and will continue to be carried out within the framework of procedures provided by law.
Puck said that an employee of the company, who in the past was Youbit CEO and who became its operating director under the terms of the agreement, neglected his duties and squandered Coinbin funds. In addition, the new owner passed the obligations to customers arising from the hacking Youbit.
“We are preparing to initiate a bankruptcy procedure in view of the occurrence of debt obligations caused by a waste of funds by our employee,” he added.
According to Pak, the attacker claimed that he deleted the cryptocurrency keys from cold wallets containing hundreds of bitcoins and lost access to a wallet that contained more than 100 ETHs. Pak insists that these actions were deliberately carried out in order to assign assets to the exchange and were not a mistake.
Youbit was hacked in 2017 twice: in April and in December. The circumstances of the second hack became the reason for the exchange to be suspected of attempting to carry out insurance fraud.
According to his information, Coinbin CEO Park Chan-Qu declared bankruptcy on February 20, with which payments of cryptocurrency and Fiat stopped and will continue to be carried out within the framework of procedures provided by law.
Puck said that an employee of the company, who in the past was Youbit CEO and who became its operating director under the terms of the agreement, neglected his duties and squandered Coinbin funds. In addition, the new owner passed the obligations to customers arising from the hacking Youbit.
“We are preparing to initiate a bankruptcy procedure in view of the occurrence of debt obligations caused by a waste of funds by our employee,” he added.
According to Pak, the attacker claimed that he deleted the cryptocurrency keys from cold wallets containing hundreds of bitcoins and lost access to a wallet that contained more than 100 ETHs. Pak insists that these actions were deliberately carried out in order to assign assets to the exchange and were not a mistake.
Youbit was hacked in 2017 twice: in April and in December. The circumstances of the second hack became the reason for the exchange to be suspected of attempting to carry out insurance fraud.
Vision Hill Advisors presented an analysis of cryptocurrency hedge funds for the fourth quarter of 2018, in which they compared their performance with the behavior of the bitcoin market and the segment as a whole.
According to the results of the analysis, the fourth quarter turned out to be the most painful for cryptocurrency funds for the entire period of research. The median loss on this segment was 18.8% versus 9.2% in the third quarter and 4.3% in the second. Relative to Bitcoin, however, hedge fund assets grew by about 25%, and against Bitwise 10 Large Cap - by 27%.
“Active managers outperformed passive bitcoin holders and large-cap digital assets throughout this quarter. We believe that this is a positive conclusion for all active managers in the industry, which will help to promote digital currencies among institutional investors along with the development of improved methods for assessing indicators in accordance with the strategy, ”said Vision Hill partner Dan Zuller.
However, not all strategies showed equally negative results. Funds that adhere to quantitative investment methods have outperformed Bitcoin by 40% and received a median income of 2.9%. Losses of such funds in any of the quarters did not exceed 3.1%. At least two out of ten funds of this type closed the fourth quarter with a positive result.
Vision Hill estimates the paper sizes of the private token market (SAFT, SAFE, etc.) at $ 15-20 billion. Nevertheless, the real value of these assets is likely to be much lower if we take into account the fall in the public market in 2018.
The size of the broader venture capital market, which includes stakes in such players as exchanges, custodial services, news platforms, etc., is about $ 35 billion on paper, but it can also differ significantly from the real one.
The total amount of funds that were managed by cryptocurrency funds without taking into account the assets of traditional funds that invested in this market in the fourth quarter was about $ 4.5 billion, a decrease by a quarter compared to the second quarter.
An earlier study by Crypto Fund Research showed that last year investment teams in the cryptocurrency space switched from hedge funds to venture capital.
According to the results of the analysis, the fourth quarter turned out to be the most painful for cryptocurrency funds for the entire period of research. The median loss on this segment was 18.8% versus 9.2% in the third quarter and 4.3% in the second. Relative to Bitcoin, however, hedge fund assets grew by about 25%, and against Bitwise 10 Large Cap - by 27%.
“Active managers outperformed passive bitcoin holders and large-cap digital assets throughout this quarter. We believe that this is a positive conclusion for all active managers in the industry, which will help to promote digital currencies among institutional investors along with the development of improved methods for assessing indicators in accordance with the strategy, ”said Vision Hill partner Dan Zuller.
However, not all strategies showed equally negative results. Funds that adhere to quantitative investment methods have outperformed Bitcoin by 40% and received a median income of 2.9%. Losses of such funds in any of the quarters did not exceed 3.1%. At least two out of ten funds of this type closed the fourth quarter with a positive result.
Vision Hill estimates the paper sizes of the private token market (SAFT, SAFE, etc.) at $ 15-20 billion. Nevertheless, the real value of these assets is likely to be much lower if we take into account the fall in the public market in 2018.
The size of the broader venture capital market, which includes stakes in such players as exchanges, custodial services, news platforms, etc., is about $ 35 billion on paper, but it can also differ significantly from the real one.
The total amount of funds that were managed by cryptocurrency funds without taking into account the assets of traditional funds that invested in this market in the fourth quarter was about $ 4.5 billion, a decrease by a quarter compared to the second quarter.
An earlier study by Crypto Fund Research showed that last year investment teams in the cryptocurrency space switched from hedge funds to venture capital.
🍀New Lottery on Ethereum
The DreamPots.io project offers several lotteries with different durations - from one hour to one month. In each of them, 10 participants can become winners, the main opportunity is to win a $ 1 billion jackpot.
🍀Today the most tasty prices. 1000 DPT = 1 $
The DreamPots.io project offers several lotteries with different durations - from one hour to one month. In each of them, 10 participants can become winners, the main opportunity is to win a $ 1 billion jackpot.
🍀Today the most tasty prices. 1000 DPT = 1 $
The American stock exchange Cryptocurrency Coinbase acquired the Italian analytical startup Neutrino for $ 13.5 million, according to documents from February 15 that came to Bitcoin Magazine portal.
Previously, these details of the closed February 19 transaction were not disclosed. It was assumed that Neutrino “will continue to function as an independent structure based on Coinbase’s London office”, that is, risk director Marco Valleri, technical director Alberto Ornaga, and CEO Giancarlo Russo should have retained their positions.
The public negative reaction was caused by the connection of Neutrino employees with the organization Hacking Team, which provided software for monitoring and analyzing repressive regimes. Marco Valleri and Alberto Ornaga were the founders of the Hacking Team, and Giancarlo Russo joined them in 2004 as operations director. Each of the three executives had a 22 percent stake in the company. The remaining 33% belonged to 360 Capital, a venture capital firm in Paris, which invested $ 565,000 in the project in April 2017.
Under the terms of the contract, Coinbase agreed to buy out shares from their owners and thus absorb the company. Valery, Ornaga and Rousseau should receive $ 2,951,792.91 each, and 360 Capital - $ 4,993,401.86. On the day of signing the contract, each of the managers was transferred to $ 487,045; 360 Capital received $ 4,055,107. The remaining $ 8,332,534 were transferred to a trust account with Credit Suisse Bank. When and how these funds will be distributed in favor of the beneficiaries is unknown.
Coinbase CEO Brian Armstrong recently announced that his company will bid farewell to employees who worked at the Hacking Team.
Previously, these details of the closed February 19 transaction were not disclosed. It was assumed that Neutrino “will continue to function as an independent structure based on Coinbase’s London office”, that is, risk director Marco Valleri, technical director Alberto Ornaga, and CEO Giancarlo Russo should have retained their positions.
The public negative reaction was caused by the connection of Neutrino employees with the organization Hacking Team, which provided software for monitoring and analyzing repressive regimes. Marco Valleri and Alberto Ornaga were the founders of the Hacking Team, and Giancarlo Russo joined them in 2004 as operations director. Each of the three executives had a 22 percent stake in the company. The remaining 33% belonged to 360 Capital, a venture capital firm in Paris, which invested $ 565,000 in the project in April 2017.
Under the terms of the contract, Coinbase agreed to buy out shares from their owners and thus absorb the company. Valery, Ornaga and Rousseau should receive $ 2,951,792.91 each, and 360 Capital - $ 4,993,401.86. On the day of signing the contract, each of the managers was transferred to $ 487,045; 360 Capital received $ 4,055,107. The remaining $ 8,332,534 were transferred to a trust account with Credit Suisse Bank. When and how these funds will be distributed in favor of the beneficiaries is unknown.
Coinbase CEO Brian Armstrong recently announced that his company will bid farewell to employees who worked at the Hacking Team.
The blockchain project's own cryptocurrency Stellar XLM continues to climb this Monday - in the last 24 hours, growth was 10%, and in a week, 25%. The XLM trading volumes together with this reached $ 266 million, thus returning to the levels that the market last saw in September 2018.
Events are developing against the background of the announcement of the micro-payment service SatoshiPay of March 7, according to which the German media company Börsenmedien AG will provide him with financing, having bought out a five-percent share in his business. In addition, the companies have entered into a strategic partnership agreement, under which SatoshiPay payment solutions will be integrated into the Börsenmedien AG platform via the Stellar distributed network, which will allow readers to send transactions to content authors directly from their wallets.
“We are pleased to become a strategic partner of Börsenmedien AG, who firmly believes in the mission of SatoshiPay both as an investor and as a content provider. The digital materials of the group, such as videotapes, PDF files, and e-books, are the ideal scenario for applying our technology, ”said SatoshiPay CEO Meinhard Benn.
Liza Nestor, Director of Cooperation at the Stellar Development Foundation, commented on this news: “The introduction of direct micropayments through the SatoshiPay platform has tremendous value for various industries and regions. Buying content is an obvious starting point. SatoshiPay continues to pursue its goals by attracting such particularly important partners as Börsenmedien AG. ”
In late February, Stellar was hinted at possible prospects by IBM’s vice president for blockchain and digital currencies, Jesse Lund. According to him, in the near future, about 40 banks can join its payment network Blockchain World Wire, in which XLM is used as an intermediate currency. At the same time, Land clarified that IBM could start working with other cryptocurrencies in order to provide users of the service with a choice.
Events are developing against the background of the announcement of the micro-payment service SatoshiPay of March 7, according to which the German media company Börsenmedien AG will provide him with financing, having bought out a five-percent share in his business. In addition, the companies have entered into a strategic partnership agreement, under which SatoshiPay payment solutions will be integrated into the Börsenmedien AG platform via the Stellar distributed network, which will allow readers to send transactions to content authors directly from their wallets.
“We are pleased to become a strategic partner of Börsenmedien AG, who firmly believes in the mission of SatoshiPay both as an investor and as a content provider. The digital materials of the group, such as videotapes, PDF files, and e-books, are the ideal scenario for applying our technology, ”said SatoshiPay CEO Meinhard Benn.
Liza Nestor, Director of Cooperation at the Stellar Development Foundation, commented on this news: “The introduction of direct micropayments through the SatoshiPay platform has tremendous value for various industries and regions. Buying content is an obvious starting point. SatoshiPay continues to pursue its goals by attracting such particularly important partners as Börsenmedien AG. ”
In late February, Stellar was hinted at possible prospects by IBM’s vice president for blockchain and digital currencies, Jesse Lund. According to him, in the near future, about 40 banks can join its payment network Blockchain World Wire, in which XLM is used as an intermediate currency. At the same time, Land clarified that IBM could start working with other cryptocurrencies in order to provide users of the service with a choice.
New York investment company Shuttle Holdings will launch a beta version of the custodial service for digital assets based on a private cloud and IBM encryption technologies by the end of the month, CoinDesk writes. Companies participating in the project will not store the tokens themselves but will provide the tools for this to their customers, which can be banks, brokers, other asset custodians, funds, family capital management units, and high-income investors.
IBM showed a solution that will be involved in the Shuttle Holdings service at the Think 2019 conference in February. “What example could be better than a world-changing financial technology?” Look at digital assets: how do you protect data? This issue is of concern to many in the financial industry, ”said Nataraj Nagaratnam, technical director of cloud security at IBM.
IBM's latest initiatives indicate that the company wants to join the formation of infrastructure for storing digital assets after it has developed blockchain with limited access and transactional service using Stellar technology.
The developers of the new service claim that they will not adopt the generally accepted model of “cold” storage. Together, they promise to create a solution that allows customers to quickly access assets and provide a compromise level of protection based on hardware security modules.
IBM showed a solution that will be involved in the Shuttle Holdings service at the Think 2019 conference in February. “What example could be better than a world-changing financial technology?” Look at digital assets: how do you protect data? This issue is of concern to many in the financial industry, ”said Nataraj Nagaratnam, technical director of cloud security at IBM.
IBM's latest initiatives indicate that the company wants to join the formation of infrastructure for storing digital assets after it has developed blockchain with limited access and transactional service using Stellar technology.
The developers of the new service claim that they will not adopt the generally accepted model of “cold” storage. Together, they promise to create a solution that allows customers to quickly access assets and provide a compromise level of protection based on hardware security modules.
Mining on video cards today
Statistics on mining on video cards from F2Pool:
• In July 2018, 13 million video cards were involved in the mining industry, today their number has decreased to 8 million.
• The most popular among miners by price / performance criteria are GeFox GTX 1080Ti / 1080 / 1070Ti 1070/1060/1163/1166/1050 and Nvidia RTX2080 / 2080Ti / 2070Ti video cards.
• AMD video cards are better suited for Ethereum mining, and Nvidia for smaller cryptocurrencies, for example, Grin and Beam
• The hardfork Constantinople in the Ethereum network did not affect the profitability of mining.
According to the assessment of the head of F2Pool, Li Qingfei, Ethereum cryptocurrency is the most popular for mining on video cards, it accounts for 60% of the utilized capacities. But after about six months, mining ETH on video cards with 4 GB of memory will become problematic due to the increase in the size of the DAG file.
Statistics on mining on video cards from F2Pool:
• In July 2018, 13 million video cards were involved in the mining industry, today their number has decreased to 8 million.
• The most popular among miners by price / performance criteria are GeFox GTX 1080Ti / 1080 / 1070Ti 1070/1060/1163/1166/1050 and Nvidia RTX2080 / 2080Ti / 2070Ti video cards.
• AMD video cards are better suited for Ethereum mining, and Nvidia for smaller cryptocurrencies, for example, Grin and Beam
• The hardfork Constantinople in the Ethereum network did not affect the profitability of mining.
According to the assessment of the head of F2Pool, Li Qingfei, Ethereum cryptocurrency is the most popular for mining on video cards, it accounts for 60% of the utilized capacities. But after about six months, mining ETH on video cards with 4 GB of memory will become problematic due to the increase in the size of the DAG file.
On this Wednesday, two benchmark crypto indices of the CoinMarketCap tracking service will be launched on the platforms Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and the Stuttgart Stock Exchange, and also on the portal itself, CoinDesk writes.
According to CoinMarketCap, the presented indices are the “most comprehensive” offers in the field of cryptocurrency market data and cover the 200 largest digital assets by market capitalization.
The CMC Crypto 200 Index (CMC200) includes Bitcoin and, according to the company, covers more than 90% of the global crypto market. The second index - CMC Crypto 200 ex BTC Index (CMC200EX) - allows you to monitor market behavior without taking into account Bitcoin, which currently accounts for more than 50% of the capitalization of the segment.
“Thanks to these indices, the availability of cryptocurrency market data will increase in an easy-to-share format,” said Brandon Chaz, CEO of CoinMarketCap.
To implement the initiative, CoinMarketCap has entered into an agreement with the German supplier of financial indices Solactive, which will settle and administer both instruments, as well as re-balance them on a quarterly basis. Data on the behavior of markets will come from CoinMarketCap.
According to Solactive Sales Director Fabian Colin, cooperation with CoinMarketCap will allow his company to develop individual indices for its customers.
Earlier this week, CoinMarketCap, in collaboration with a startup Flipside, added a rating system for its largest cryptocurrency to its website.
According to CoinMarketCap, the presented indices are the “most comprehensive” offers in the field of cryptocurrency market data and cover the 200 largest digital assets by market capitalization.
The CMC Crypto 200 Index (CMC200) includes Bitcoin and, according to the company, covers more than 90% of the global crypto market. The second index - CMC Crypto 200 ex BTC Index (CMC200EX) - allows you to monitor market behavior without taking into account Bitcoin, which currently accounts for more than 50% of the capitalization of the segment.
“Thanks to these indices, the availability of cryptocurrency market data will increase in an easy-to-share format,” said Brandon Chaz, CEO of CoinMarketCap.
To implement the initiative, CoinMarketCap has entered into an agreement with the German supplier of financial indices Solactive, which will settle and administer both instruments, as well as re-balance them on a quarterly basis. Data on the behavior of markets will come from CoinMarketCap.
According to Solactive Sales Director Fabian Colin, cooperation with CoinMarketCap will allow his company to develop individual indices for its customers.
Earlier this week, CoinMarketCap, in collaboration with a startup Flipside, added a rating system for its largest cryptocurrency to its website.
Coinbene cryptocurrency exchange, included in the top 20 portal CoinMarketCap for the adjusted trading volume, announced the technical work on this Tuesday. In the network, meanwhile, spreads information about the possible hacking of the trading platform, writes Cointelegraph.
One Twitter user said this morning that his deposits are waiting to be credited for several hours. In response, the exchange wrote: “To improve the user experience, CoinBene updated its platform wallet on March 26th. In the course of technical work, related operations, such as deposit/withdrawal of funds, will not be affected, the trade will not be affected. ” The author questioned these words, noting that the technical work was not announced by the company in advance.
In another tweet, Coinbene promises to report separately on the completion of technical work and claims that all requests for deposit and withdrawal of funds will be automatically processed after that.
Meanwhile, director of information technology blockchain-startup Diviproject Nick Saponaro draws attention to the fact that during the last hours with the stock exchange were withdrawn significant amounts of funds, which can also indicate some problems.
Curiously, however, the fact that the address to which the tokens were transferred 5 months ago received a “cold wallet Coinbene” from one of the users of the Ehterscan portal. The exchange has not yet commented on the latest observations of community members.
One Twitter user said this morning that his deposits are waiting to be credited for several hours. In response, the exchange wrote: “To improve the user experience, CoinBene updated its platform wallet on March 26th. In the course of technical work, related operations, such as deposit/withdrawal of funds, will not be affected, the trade will not be affected. ” The author questioned these words, noting that the technical work was not announced by the company in advance.
In another tweet, Coinbene promises to report separately on the completion of technical work and claims that all requests for deposit and withdrawal of funds will be automatically processed after that.
Meanwhile, director of information technology blockchain-startup Diviproject Nick Saponaro draws attention to the fact that during the last hours with the stock exchange were withdrawn significant amounts of funds, which can also indicate some problems.
Curiously, however, the fact that the address to which the tokens were transferred 5 months ago received a “cold wallet Coinbene” from one of the users of the Ehterscan portal. The exchange has not yet commented on the latest observations of community members.
An application for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) of the Chinese mining company Bitmain will expire today, on Monday, March 25, unless the trading platform reports otherwise.
Half a year ago, Bitmain announced part of its financial statements in accordance with the requirements for companies wishing to enter an IPO. As previously noted by the South China Morning Post portal, the HKEx allocates 6 months to ensure that the application is admitted to closed hearings of the committee, which decides on its future status. If for the specified period the application before the hearing is not allowed, it is considered invalid.
Earlier it was reported that HKEx is in no hurry to give the green light to appeals from mining companies, doubting the viability of their business models. Last November, the application of a competitor from Bitmain, a mining company Canaan Creative, lost its validity.
If Bitmain decides to contact HKEx again, in accordance with the rules of the exchange, it will have to disclose financial statements for the third quarter of 2018, which the company until recently avoided, presumably due to large losses in this segment.
Half a year ago, Bitmain announced part of its financial statements in accordance with the requirements for companies wishing to enter an IPO. As previously noted by the South China Morning Post portal, the HKEx allocates 6 months to ensure that the application is admitted to closed hearings of the committee, which decides on its future status. If for the specified period the application before the hearing is not allowed, it is considered invalid.
Earlier it was reported that HKEx is in no hurry to give the green light to appeals from mining companies, doubting the viability of their business models. Last November, the application of a competitor from Bitmain, a mining company Canaan Creative, lost its validity.
If Bitmain decides to contact HKEx again, in accordance with the rules of the exchange, it will have to disclose financial statements for the third quarter of 2018, which the company until recently avoided, presumably due to large losses in this segment.
Hong Kong company Blue Cross will use the insurance blockchain
Hong Kong insurance company Blue Cross uses blockchain technology to speed up the process of payments for health insurance, as well as to eliminate fraud in this area.
According to the company, the decision based on the blockchain will speed up the resolution of insurance claims, prevent fraud and reduce costs.
“Blue Cross is the first insurance company in Hong Kong that provides customers from all over the world with the opportunity to use the blockchain,” the company said. “Local insurers Rivals Prudential, HSBC Life and Bowtie Insurance started selling insurance products and processing insurance claims online last year, but they still have blockchains in place.”
It should be noted that the insurance company ZhongAn Online uses the blockchain for checking records and processing claims, however, it only offers this service on the mainland.
“As data and transactions are verified in real time, the risk of fraud is eliminated and claims can be processed faster for more than 200,000 company customers,” said Blue Cross CEO Patrick Wan.
He stressed that Blue Cross will also be able to save on its own costs since the blockchain eliminates the need to reconcile data on medical claims between various parties.
The company's blockchain solution is based on the Hyperledger technology, as is the eTrade Connect trade finance network, launched in 2018 with the support of the Hong Kong Monetary Authority and twelve banks.
According to William Yeung, co-founder of MediConCen, a Hong Kong-based startup developing medical blockchain-based medical applications, Blue Cross customers can save time.
“The use of the blockchain also means that medical facilities may not hire a large number of support staff for administrative work, but access the Blue Cross network,” he said.
Hong Kong insurance company Blue Cross uses blockchain technology to speed up the process of payments for health insurance, as well as to eliminate fraud in this area.
According to the company, the decision based on the blockchain will speed up the resolution of insurance claims, prevent fraud and reduce costs.
“Blue Cross is the first insurance company in Hong Kong that provides customers from all over the world with the opportunity to use the blockchain,” the company said. “Local insurers Rivals Prudential, HSBC Life and Bowtie Insurance started selling insurance products and processing insurance claims online last year, but they still have blockchains in place.”
It should be noted that the insurance company ZhongAn Online uses the blockchain for checking records and processing claims, however, it only offers this service on the mainland.
“As data and transactions are verified in real time, the risk of fraud is eliminated and claims can be processed faster for more than 200,000 company customers,” said Blue Cross CEO Patrick Wan.
He stressed that Blue Cross will also be able to save on its own costs since the blockchain eliminates the need to reconcile data on medical claims between various parties.
The company's blockchain solution is based on the Hyperledger technology, as is the eTrade Connect trade finance network, launched in 2018 with the support of the Hong Kong Monetary Authority and twelve banks.
According to William Yeung, co-founder of MediConCen, a Hong Kong-based startup developing medical blockchain-based medical applications, Blue Cross customers can save time.
“The use of the blockchain also means that medical facilities may not hire a large number of support staff for administrative work, but access the Blue Cross network,” he said.
Joseph Lubin and Jimmy Song bet half a million about the future of Ethereum applications
Ethereum co-founder Joseph Lubin and bitcoin-enthusiast Jimmy Song approved the terms of the bet, which they agreed to hold in advance, writes the Decrypt portal.
The conditions are as follows: if 15 unique decentralized applications have 10,000 daily and 100,000 monthly active users for 6 months, until May 23, 2023, Song will pay 810.8 ETH ($ 1,673,333); otherwise, Lubin will have to say goodbye to 69.74 BTC ($ 550156).
The reason for choosing such non-rounded values is that each initially set at $ 700,000, but the decline in the market did its job. Lubin and Song agreed on holding a bet at last year’s Consensus conference, where the latter favored the idea of “Bitcoin, but not the blockchain,” and spoke of Ethereum as follows: “I see nothing but abstruse terms”
The amounts of bets were specially set sufficiently weighty for both participants. It is possible that by the time of the calculations in 2023 in fiat terms the losses of the losing side will be much higher.
“This is the most painful rate,” said Song. “Personal interest, that's the whole point.”
“Jimmy’s position is that there are no decent applications on the blockchain, and the only thing that matters is bitcoin,” Lubin said. - I recognize Bitcoin as a fantastic invention and see a narrow scope for what is created on its basis. We love it, but decentralized applications are also really useful. ”
The essence of the dispute comes down to the ability of decentralized applications to meet the expectations placed on them, in particular with the help of Ethereum. The song is confident that centralized technologies will always be faster and more convenient in the context of development and does not see the prospects for the development of decentralized networks as an alternative to existing centralized solutions.
“It may happen that many useful applications will be created on the basis of Ethereum and they will be decentralized enough, but they will not meet these two criteria. Then I will lose, while the ecosystem will show its strength, ”Lubin added.
Ethereum co-founder Joseph Lubin and bitcoin-enthusiast Jimmy Song approved the terms of the bet, which they agreed to hold in advance, writes the Decrypt portal.
The conditions are as follows: if 15 unique decentralized applications have 10,000 daily and 100,000 monthly active users for 6 months, until May 23, 2023, Song will pay 810.8 ETH ($ 1,673,333); otherwise, Lubin will have to say goodbye to 69.74 BTC ($ 550156).
The reason for choosing such non-rounded values is that each initially set at $ 700,000, but the decline in the market did its job. Lubin and Song agreed on holding a bet at last year’s Consensus conference, where the latter favored the idea of “Bitcoin, but not the blockchain,” and spoke of Ethereum as follows: “I see nothing but abstruse terms”
The amounts of bets were specially set sufficiently weighty for both participants. It is possible that by the time of the calculations in 2023 in fiat terms the losses of the losing side will be much higher.
“This is the most painful rate,” said Song. “Personal interest, that's the whole point.”
“Jimmy’s position is that there are no decent applications on the blockchain, and the only thing that matters is bitcoin,” Lubin said. - I recognize Bitcoin as a fantastic invention and see a narrow scope for what is created on its basis. We love it, but decentralized applications are also really useful. ”
The essence of the dispute comes down to the ability of decentralized applications to meet the expectations placed on them, in particular with the help of Ethereum. The song is confident that centralized technologies will always be faster and more convenient in the context of development and does not see the prospects for the development of decentralized networks as an alternative to existing centralized solutions.
“It may happen that many useful applications will be created on the basis of Ethereum and they will be decentralized enough, but they will not meet these two criteria. Then I will lose, while the ecosystem will show its strength, ”Lubin added.
Bluzelle launches DDN content delivery network as a decentralized alternative to CDN
Bluzelle, a crypto-project for creating solutions in the field of distributed data transfer, this Monday announced the launch of its Data Delivery Network (DDN) product at the production stage.
DDN functions like a content delivery network (CDN), but instead of caching content, it places data on many distributed networks. According to the developers, such a system helps to find servers that are as close to the user as possible, which in turn leads to multiple increases in data transfer speed in a decentralized network.
“Currently, application capabilities are limited to data caching technologies that require complex configuration, were created over 10 years ago and are managed by several data centers. They are not adapted for non-stop technologies such as AI, VR, and 4K, ”said Bluzelle CEO Pavel Baines, adding that his company's solution allows you to always place data where the user is, freeing service providers from related worries.
According to Bluzelle, DDN currently supports more than 25 data centers and demonstrates a 30-fold increase in reading speed compared to Redis, the recognized leader in this field. In this case, synchronization of the recorded data is performed by all network nodes in less than a second.
Bluzelle, a crypto-project for creating solutions in the field of distributed data transfer, this Monday announced the launch of its Data Delivery Network (DDN) product at the production stage.
DDN functions like a content delivery network (CDN), but instead of caching content, it places data on many distributed networks. According to the developers, such a system helps to find servers that are as close to the user as possible, which in turn leads to multiple increases in data transfer speed in a decentralized network.
“Currently, application capabilities are limited to data caching technologies that require complex configuration, were created over 10 years ago and are managed by several data centers. They are not adapted for non-stop technologies such as AI, VR, and 4K, ”said Bluzelle CEO Pavel Baines, adding that his company's solution allows you to always place data where the user is, freeing service providers from related worries.
According to Bluzelle, DDN currently supports more than 25 data centers and demonstrates a 30-fold increase in reading speed compared to Redis, the recognized leader in this field. In this case, synchronization of the recorded data is performed by all network nodes in less than a second.
Ethereum Foundation will send $ 19 million to scale the ETH ecosystem
The management of the Ethereum Foundation plans to allocate $ 30 million for the development of the ETH cryptocurrency ecosystem, of which $ 19 million will be used to finance the work on scaling the air.
Over the next 12 months, the team plans to expand funding for the Ethereum 2.0 project, as well as Plasma and the activities of research organizations within the broadcast ecosystem.
The messaging team says:
ETH is used to protect billions of assets and as the basis for many hundreds of applications. We consider it necessary to continue working to ensure that Ethereum continues to remain the dominant platform in the world for smart contracts.
Another $ 3 million will be used to improve the skills of developers, to organize the annual Ethereum Devcoin conference, as well as to support regional offices of the Ethereum Foundation.
The company, on average, spends about $ 20 million annually to finance the work of its team. However, last year, expenses rose to $ 27 million. Grants were allocated to 90 different projects, 23 of which are aimed at improving the throughput capacity of the cryptocurrency network.
The company's blog says that developers are constantly engaged in improving the ETH network since the Ethereum Foundation is interested in increasing the number of platform users to consolidate the status of a key player in the cryptosphere.
The management of the Ethereum Foundation plans to allocate $ 30 million for the development of the ETH cryptocurrency ecosystem, of which $ 19 million will be used to finance the work on scaling the air.
Over the next 12 months, the team plans to expand funding for the Ethereum 2.0 project, as well as Plasma and the activities of research organizations within the broadcast ecosystem.
The messaging team says:
ETH is used to protect billions of assets and as the basis for many hundreds of applications. We consider it necessary to continue working to ensure that Ethereum continues to remain the dominant platform in the world for smart contracts.
Another $ 3 million will be used to improve the skills of developers, to organize the annual Ethereum Devcoin conference, as well as to support regional offices of the Ethereum Foundation.
The company, on average, spends about $ 20 million annually to finance the work of its team. However, last year, expenses rose to $ 27 million. Grants were allocated to 90 different projects, 23 of which are aimed at improving the throughput capacity of the cryptocurrency network.
The company's blog says that developers are constantly engaged in improving the ETH network since the Ethereum Foundation is interested in increasing the number of platform users to consolidate the status of a key player in the cryptosphere.
Bitfinex and Bittrex strengthen control over user identification
Bitfinex Cryptocurrency Exchange actively blocks user accounts in an effort to obtain additional information from them, says The Block.
A few days ago, a Reddit user shared an email from Bitfinex, in which he was asked to disclose information related to his account on the stock exchange, including “clearly and in detail explain the activity and its goals”. In addition, the company wanted to receive a "scan of an identity document of the state sample" and a photo of the user with this document.
According to Bitfinex technical director Paolo Ardoino, the exchange arranged a random check of users even before the beginning of the current proceedings with the prosecutor’s office in New York and “always worked hard to improve the existing control mechanisms”. He also explained that a corresponding request could be sent to the user if he is suspected of money laundering, using questionable funds, living in a jurisdiction whose residents are not allowed access to Bitfinex, or show other signs of suspicious activity.
“We have always used these procedures since the very beginning of Bitfinex. They take their start long before the investigation of the prosecutor's office in New York, ”he added.
Also, the tightening of customer identification policies was noticed by Bittrex. One of Twitter users said that the trading platform asks customers to fill out a special form in order to be able to continue to use its services. Among other things, users need to provide proof of employment and retirement income, as well as verify transactions.
A Bittrex representative did not comment on the observations of community members. Earlier, the exchange was denied a BitLicense license to operate in New York. As one of the reasons, the local regulator pointed out problems with identifying users on Bittrex.
Bitfinex Cryptocurrency Exchange actively blocks user accounts in an effort to obtain additional information from them, says The Block.
A few days ago, a Reddit user shared an email from Bitfinex, in which he was asked to disclose information related to his account on the stock exchange, including “clearly and in detail explain the activity and its goals”. In addition, the company wanted to receive a "scan of an identity document of the state sample" and a photo of the user with this document.
According to Bitfinex technical director Paolo Ardoino, the exchange arranged a random check of users even before the beginning of the current proceedings with the prosecutor’s office in New York and “always worked hard to improve the existing control mechanisms”. He also explained that a corresponding request could be sent to the user if he is suspected of money laundering, using questionable funds, living in a jurisdiction whose residents are not allowed access to Bitfinex, or show other signs of suspicious activity.
“We have always used these procedures since the very beginning of Bitfinex. They take their start long before the investigation of the prosecutor's office in New York, ”he added.
Also, the tightening of customer identification policies was noticed by Bittrex. One of Twitter users said that the trading platform asks customers to fill out a special form in order to be able to continue to use its services. Among other things, users need to provide proof of employment and retirement income, as well as verify transactions.
A Bittrex representative did not comment on the observations of community members. Earlier, the exchange was denied a BitLicense license to operate in New York. As one of the reasons, the local regulator pointed out problems with identifying users on Bittrex.
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More than 100 fake domains with mention of Libra cryptocurrency discovered on the network.
Digital Shadows, a company that studies security threats in the field of cryptocurrency, has identified a lot of fake domains associated with the Facebook cryptocurrency project, reports The Independent.
The names of more than 100 of them are associated with the Libra cryptocurrency, a few dozen with the Calibra digital wallet. Some are already used to display malicious content.
“Instead of using the hype in the media and the rush around the brand, such fraudulent schemes are often disguised as an official website and thus may cause more user confidence, who will be more inclined to give them financial and personal data,” said a company representative.
Presumably, fraudsters use characters from different alphabets to replace individual elements of the original names. At least six domain names were found mentioning Libra and Calibra, where this method was used.
Earlier, one web site from this category was seen on the network, whose visitors were offered to take part in the Libra presale and purchase a cryptocurrency with a discount.
Digital Shadows, a company that studies security threats in the field of cryptocurrency, has identified a lot of fake domains associated with the Facebook cryptocurrency project, reports The Independent.
The names of more than 100 of them are associated with the Libra cryptocurrency, a few dozen with the Calibra digital wallet. Some are already used to display malicious content.
“Instead of using the hype in the media and the rush around the brand, such fraudulent schemes are often disguised as an official website and thus may cause more user confidence, who will be more inclined to give them financial and personal data,” said a company representative.
Presumably, fraudsters use characters from different alphabets to replace individual elements of the original names. At least six domain names were found mentioning Libra and Calibra, where this method was used.
Earlier, one web site from this category was seen on the network, whose visitors were offered to take part in the Libra presale and purchase a cryptocurrency with a discount.
British regulators approved the first cryptocurrency hedge fund
London hedge fund Prime Factor Capital Ltd., managed by former employees of BlackRock Inc. and RWE AG, became the first cryptocurrency-oriented investment company, approved by British regulators, Bloomberg writes.
The company announced that it will function as an alternative investment fund in accordance with the rules in force in the territory of the European Union. This will allow Prime Factor to manage more than 100 million euros in assets and attract institutional investors.
“Most investment tools in the cryptocurrency industry are beyond the purview of regulators. This is a big problem for a market with such a bad reputation, ”said Edam Grimsley, Operations Director of Prime Factor.
Grimsley, a former investor of the world's largest investment company in terms of assets managed by BlackRock, opened Prime Factor in 2017 along with former colleague Michael Vaughn and trader from RWE AG Nick Nidermove.
Prime Factor, as a full-scale manager of an alternative investment fund, must appoint an independent depositary to oversee, reconcile cash flows and store assets, Grimsley explained. Such measures are necessary to provide investors with guarantees that the value of the assets under the management of the fund corresponds to the declared values and is being checked.
Earlier it became known that in the UK may prohibit cryptocurrency derivatives for retail investors.
London hedge fund Prime Factor Capital Ltd., managed by former employees of BlackRock Inc. and RWE AG, became the first cryptocurrency-oriented investment company, approved by British regulators, Bloomberg writes.
The company announced that it will function as an alternative investment fund in accordance with the rules in force in the territory of the European Union. This will allow Prime Factor to manage more than 100 million euros in assets and attract institutional investors.
“Most investment tools in the cryptocurrency industry are beyond the purview of regulators. This is a big problem for a market with such a bad reputation, ”said Edam Grimsley, Operations Director of Prime Factor.
Grimsley, a former investor of the world's largest investment company in terms of assets managed by BlackRock, opened Prime Factor in 2017 along with former colleague Michael Vaughn and trader from RWE AG Nick Nidermove.
Prime Factor, as a full-scale manager of an alternative investment fund, must appoint an independent depositary to oversee, reconcile cash flows and store assets, Grimsley explained. Such measures are necessary to provide investors with guarantees that the value of the assets under the management of the fund corresponds to the declared values and is being checked.
Earlier it became known that in the UK may prohibit cryptocurrency derivatives for retail investors.