Daily, May 03, ’18

Tangem, BTC, Goldman Sachs, Cardano, Coinme, Nouriel Roubini

  • Cryptocurrency hardware wallet manufacturer Tangem is planning to issue Bitcoin banknotes in denominations of 0.01 and 0.05 BTC ($92 and $463 respectively) in Singapore.
  • Goldman Sachs is set to begin its bitcoin trading desk in Q2 of 2018 that would not trade ‘actual’ bitcoins, instead, dealing in bitcoin ‘contracts’.
  • The Ethiopian government has signed a memorandum of understanding with Cardano in order to apply blockchain technology to the country’s agritech industry.
  • Coinme installs eight new crypto ATMs in California, bringing its total locations in the state to 23 ATMs.
  • Economist Nouriel Roubini sharply criticized cryptocurrencies, saying that digital coins are not a store of value, and face scalability issues.

Related news

Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.Per the message from the admin, the attack occurred on March 24, 2019, and the exchange then decided to take its servers offline under the pretense of “system maintenance/upgrade.” A day after, users were notified on Telegram that the exchange had been hacked.“Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets,” the message read. “Several Judicial administrations were informed about this cybercrime case including Estonia, Thailand, Singapore, Hong Kong, etc., and we’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week.”Earlier today, the company shared the wallet addresses suspected to contain the stolen funds.The total amount of funds stolen is still unknown. However, an analysis of the Ethereum (ETH) and Bitcoin (BTC) wallet addresses provided by the company shows balances of 1,522 ETH (worth about $202,730 USD) and 135 BTC (worth about $528,855 USD), respectively.The full list of suspected wallet addresses provided by DragonEx includes those of popular exchanges including Bittrex, Huobi and Binance.DragonEx has asked for assistance from other trading platforms and wallet providers within the industry as it works to recover from the hack.“We earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows,” per the Telegram message listing the suspected wallet addresses.At press time, DragonEx is the 32nd largest exchange in the world by 24-hour trade volumes, trading over $180 million in the last 24 hours. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Australian Banking Giant ANZ Fails to Understand Blockchain Technology

Australia and New Zealand Banking Group Limited (ANZ) — Australia’s third-largest bank by market cap — doubts blockchain technology’s ability to provide trustless transactions, at least for now. Additionally, the firm acknowledges the benefits of the technology but claims banks don’t need to make the switch. Could ANZ be any more wrong? Also read:  Subscribe … Continue reading "Australian Banking Giant ANZ Fails to Understand Blockchain Technology" The post Australian Banking Giant ANZ Fails to Understand Blockchain Technology appeared first on Bitsonline.
Bitsonline

Bitcoin [BTC]: Nouriel Roubini connects the fall of ‘criminal ICOs’ to the fall in BTC and ETH prices

The cryptocurrency market has had its fair share of proponents and naysayers who have spoken about major coins. Nouriel Roubini aka Dr. Doom is one such cryptocurrency critic who has previously called Bitcoin ‘crap’ and compared Ethereum Co-founder Vitalik Buterin to North Korean dictator Kim Jong–un. In his latest tweet, Roubini cited a study that attacked ICOs and connected the shady functions of ICOs to the prices of Bitcoin and Ethereum. Roubini’s tweet read, “81 percent of all ICOs were scams in the first place according to a reputable study. So it is no wonder that their price was highly correlated with that of BTC or ETH once the crypto bubble went bust in 2018. That price correlation confirms that they were mostly criminal scams.” The study quoted by Roubini stated that ICOs were ‘fundamentally different but highly correlated.’ The study said, “There are two interpretations of this pattern. The benign one is that the ICO market is still in its infancy and will need to mature. When ICOs grow up, we might expect them to be seen as very distant relatives of Bitcoin or Ethereum and to be priced according to their own merit. The alternative is that ICOs were just one of the children of the hype and are likely to share the fate of major cryptocurrencies.” Roubini’s tussle with the cryptocurrency market has been ongoing since its inception, with Roubini being one of the first people to label it a ‘scam’ and a ‘fraud.’ He also commented on the 2017 Bitcoin bubble, labeling it the mother and father of all bubbles. The economist who shot to fame after he was one of the first people to predict the 2008 financial recession attacked Bitcoin’s underlying technology and lack of fundamental value. The post Bitcoin [BTC]: Nouriel Roubini connects the fall of ‘criminal ICOs’ to the fall in BTC and ETH prices appeared first on AMBCrypto.
AMBCrypto

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