Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

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Hack the DAO: Blockchain Startup Daox to Announce a $100K Hacking Contest

  Daox, a blockchain startup that is developing a platform and ecosystem for ICOs based on the concept of a decentralized autonomous organization, has announced the $100k hacking contest to prove that their DAOs are safe.     According to the rules, participants should either find a way to completely freeze or steal the funds that reside on a DAO’s Ethereum smart contract. The first person to complete the objective would be unconditionally rewarded with a $100k prize in bitcoins and get an offer to join their team.   The…

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Smart Contracts: The bright future has arrived.

  Nowadays you won’t surprise anybody by bringing up cryptocurrency during your lunch break. Today is just the right day to begin developing daily habits in order to take advantage of all of the amazing possibilities of blockchain. Just think of a situation in which a person goes through the inheritance procedure. You might have seen that many times on TV, and we hope that you haven’t actually experienced it yet.     Well, going back to the situation, depending on the laws in your country, it will still take…

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Tether and Bitcoin price inflation linked to possible manipulation

Following the University of Texas report published yesterday on the possibility of Tether and Bitcoin’s manipulated price inflation through Hong Kong-based exchange, Bitfinex, Director of Research at CoinDesk, Nolan Bauerle responded.      “Bitcoin is a super volatile asset driven by a global retail investment crowd. Everyone who watches this crowd knows they use Tether to take a ‘dollar’ position when bitcoin dips. They reenter the bitcoin market when they feel the price is at a floor with the goal to have more bitcoin than at the start of the…

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Tug-of-War: Will Blockchain Bring Data Ownership Back to Users?

    ConnecTechAsia Summit speaker, Nicole Nguyen, Head of APAC, Infinity Blockchain Ventures, shares about data ownership and how blockchain could tilt the balance in favour of the end user.   Since the advent of the internet, users have marvelled at the ability to create a persona of themselves online – be it in the first virtual communities, social networks, retail sites and multi-player games. Increasingly, a greater proportion of our personal lives and information can now be found on digital platforms.   Coupled with a plethora of emerging technologies…

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ECoinmerce To Accept McAfee Redemption Unit Currency

Showing support for the blockchain influencer as well as his new crypto-backed fiat currency Singapore – ECoinmerce, the world’s first decentralized and tokenized E-commerce marketplace, today announces they will accept the McAfee Redemption Unity (MRU) currency for all products available to purchase or pre-order on the ECoinmerce Marketplace Preview.     The currency is intended to reserve personal time with blockchain influencer John McAfee. According to McAfee, who last week tweeted about ECoinmerce platform, users can redeem the currency by appearing at an address in Mexico between 1-3 PM to…

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Why an EOT HODL might be a great idea…

Staking or holding a coin is one of the ways for a crypto investor to grow his portfolio while waiting for prices to move.   The first 6 months of 2018 has been slow for growth in crypto prices so what does the crypto investor do in times like these. This is where staking can be a valuable addition to any portfolio.   Why hold EOT? There are a few reasons why we think this could be a viable strategy and we list them below…   What is EOT?  …

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How to trade Altcoins for Bitcoin and Vice Versa

We have received many questions from readers regarding the trading of Altcoins and specifically how to trade Altcoins for Bitcoins. Our best suggestion here is an exchange called Changelly.     What is Changelly?   Changelly is an instant cryptocurrency exchange providing instant crypto-to-crypto rates and exchange platform.   How does Changelly work?   Changelly’s robot is integrated into the largest cryptocurrency trading platforms, including Poloniex and Bittrex. In the span of milliseconds, the robot makes bids and asks on the trading platforms, then selects and suggests the best available rate…

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Former Apollo Group CIO Bob Carroll Joins Dash Core Group as New Chief Technology Officer

Carroll brings more than 20 years of CTO/CIO experience to the Dash Core Group team New York, NY — June 4, 2018 — Dash, the top digital currency for payments, announced that IT industry veteran Bob Carroll has joined as the new Chief Technology Officer (CTO) of Dash Core Group. As CTO, Carroll will be in charge of leading the continued development of the Dash network and its products, including the development and launch of Dash’s Evolution payments platform.   CEO of Dash Core Group Ryan Taylor said “I am…

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Trump vs McAfee – POTUS 2020

Crypto Twitter went into a frenzy on Sunday night as crypto maverick, John McAfee announced that he will run for the position of US President in the 2020 elections.   In spite of past refusals, I have decided to again run for POTUS in 2020. If asked again by the Libertarian party, I will run with them. If not, I will create my own party. I believe this will best serve the crypto community by providing the ultimate campaign platform for us. — John McAfee (@officialmcafee) June 3, 2018  …

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