Another Cryptocurrency Exchange Hack Hits Japan

Another cryptocurrency heist has shaken Japan. This time, 6.7 billion yen ($60 million USD) worth of company and user funds have vanished from Japanese cryptocurrency exchange platform Zaif. Tech Bureau Corp, the Osaka-based company that operates Zaif, estimates the heist occured on September 14, 2018, between 5 p.m. and 7 p.m. local time. The exchange …

PWC Executive: Blockchain And Token Asset “Phenomena” Still Raging

A representative from PricewaterhouseCoopers’ blockchain branch recently declared that demand for token assets and enterprise-level solutions is still raging, but there is still a way to go on the regulatory and trust fronts. Enterprise-Level Blockchain Solutions And “Token Assets” Are Still A Hot-Topic Bloomberg has tackled the crypto industry head-on yet again, calling upon Grainne …

Cryptocurrency Exchanges Fall Short in Safeguarding Funds: Report

In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrencyexchanges to learn more about their internal operations. Now, after months of investigation, the New York Attorney General’s office has made its findings public. A report titled “Virtual Markets Integrity Initiative,” released on Tuesday, September 18, 2018, …

New Samourai Wallet Feature Makes Bitcoin Transactions Private

A 2-wallet Samourai Stowaway offers to make transactions private by masking user identity while keeping funds safe. Bitcoin Transactions Are Pseudo-Anonymous Bitcoin (BTC) 00 transactions are often described as anonymous because users can exchange the cryptocurrency without providing any personally identifying information. However, Bitcoin transactions are pseudo-anonymous. The history of each Bitcoin transaction is permanently …

Tim Draper: Crypto Market Will Reach $80 Trillion Within 15 Years

Venture capitalist and famous cryptocurrency supporter Tim Draper exposed his prognostic on the cryptocurrency market at the DealStreetAsia PE-VC Summit in Singapore last Wednesday, when he predicted that it will rebound to $80 trillion within 15 years.  The Revolution The famous investor thinks that blockchain and cryptocurrencies are “going to have such a transformative effect …

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit …