BLOCKCHAIN

Coinbase Wallet Users Can Back Up Encrypted Keys on Google Drive and iCloud

[ad_1] Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud, according to an official announcement on Feb. 12.In the statement, Coinbase states that allowing users to upload their keys to a cloud provides a safeguard against lost keys, will will help them avoid losing funds should the keys be misplaced. The announcement notes:“The private keys generated and stored on your mobile device are
Business

QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

[ad_1] Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12.The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold wallets since, as Cotten was solely responsible for the wallets and corresponding keys.The vast majority of Quadriga’s assets were
EXCHANGES

First QCX Monitor Report: $460k in BTC “Inadvertently” Sent to QCX Cold Wallet

[ad_1] According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019. Ernst & Young’s first report as monitor of scrutinized Canadian bitcoin exchange QuadrigaCX (QCX) complicates the story the exchange has given for its lack of access to company funds following the death of
EXCHANGES

IMF Proposes to ‘Fork Off’ Cash From E-Money

[ad_1] Interest rates in many countries around the world are still languishing at near-zero levels since the last financial crash. Which doesn’t leave much space to move in the event of, say, the next financial crash. At least as far as cash is concerned. So the Intentional Monetary Fund (IMF) have been looking at solutions to make negative interest rates a viable option. Less Than Zero Recessions require tough measures, which
BLOCKCHAIN

Blockchain Can Make Government ‘Incapable of Being Bribed’

[ad_1] The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12.Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain technology, in his opinion, will be the optimal solution.Byrne proposed “building government-as-a-service, a set of applications and companies that,
EXCHANGES

IBERIAN, IOTA regulated and operated funds

[ad_1] First of all, thanks for the great community engagement the previous post had and for all the feedback received! You can now join the IBERIAN Discord Server for keeping up with updates, announcements and for further discussing the project: https://discord.gg/m9keD7k Reminder As introduced in the previous article on “Using IOTA as a solution for the USD$65.7 trillion Asset Management industry”, IBERIAN is an IOTA based project that aims to
BLOCKCHAIN

FinTech Startup to Use Oracle Blockchain Platform to Boost Payment Processes

[ad_1] Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12.SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized as the best fintech startup by the Central European Startups Awards, while in 2018 it
EXCHANGES

Report Claims 85% of the Monero Network Dominated by ASIC Miners

[ad_1] Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times in order to gain ASIC resistance. Monero developers have once again failed in that
Business

Cryptocurrencies Are Unable to Substitute Fiat Money

[ad_1] The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issued Feb. 7.The document, signed by the central bank’s president Mario Marcel, was prepared upon request of the Tribunal de Defensa de la Libre Competencia (TDLC). The TDLC is an independent anti-monopoly institution established to ensure that free competition rules are not violated in Chile. The organization
Business

Blockchain Protocol Invites Developers to Build DApps on Its Network

[ad_1] A new blockchain protocol is presenting itself as a place where businesses and individuals can build peer-to-peer financial applications with confidence.Bytom describes itself as the “infrastructure of the asset internet.” The company’s vision is to create diverse assets and a programmable economy and ensure that byte assets (such as cryptocurrencies and digital assets) and atomic assets — like securities, dividends, bonds and information existing in the physical world —