Please share if you find this article interesting. “It's Impossible to Refund the Stolen Amount”: Interview with BitGrail’s Francesco Firano Cointelegraph talked to Francesco Firano, CEO of BitGrail, the Italian exchange apparently hit by a cyber attack that would have caused the loss of a considerable amount of Nano tokens (formerly known as Raiblocks). BitGrail froze trading on Thursday, Feb. 8. The exchange stated that 17 mln Nano had been stolen in the hack, an amount worth about $187 mln at the time the losses were discovered. The statements of the developers of Nano on the matter, mixed with the understandable anger of users affected by the theft and the dissemination of confusing information, have generated a climate of strong hostility towards the team of BitGrail, then r
Please share if you find this article interesting. Major Crypto Exchange Kraken CEO Tells Traders To Do Own Research, Not Rely On Exchanges Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: "I think ultimately consumers need to look out for themselves, look into the fundamentals of any coin and not rely on any particular exchange to protect them from market volatility." While Powell said that Kraken does its best to ensure that every coin they list is legitimate, they can’t make any “promises about the futu
Please share if you find this article interesting. Bitcoin Price on Neutral Ground: Bulls Need Break Above $9K Bitcoin bulls risk losing control unless prices see a convincing break above the $9,000 mark soon, according to the technical charts. Of concern is that the cryptocurrency has failed twice to hold above $8,900, as indicated by CoinDesks's Bitcoin Price Index (BPI). Further, bitcoin also clocked a six-day high of $9,070.64 on Feb. 10, but quickly fell back below the key psychological level of $9,000. Thus, the area around the $9,000 mark has been established as a point of stiff resistance, as is being discussed by the investor community. As of writing, bitcoin's global average price on the BPI is at $8,390. The cryptocurrency has appreciated by at least 40 percent from th...
Please share if you find this article interesting. 'Fans' Build Controversial ICO Around Chinese Pop Band Self-proclaimed fans of a popular Chinese boy band have built an initial coin offering (ICO) around their idols, amid controversy over the project's legitimacy. At the heart of the project is a well-known home-grown pop band named The Fighting Boys (or TFBoys), formed by three teens – Karry Wang, Roy Wang, and Jackson Yi – in 2013. Notably, last year, Roy Wang was featured by Time as one of the 30 most influential teens of 2017. Amid the band's overwhelming popularity in China, an unnamed group of fans have just launched an ICO to raise funds, supposedly aimed to build a blockchain ecosystem around the teen trio. The project is notable, not only because it sets out on a missi
Please share if you find this article interesting. Thailand: Central Bank Asks All Banks To Avoid Crypto, Pending Regulations Veerathai Santiprabhob, governor of the central Bank of Thailand, has asked all banks in Thailand to stay away from cryptocurrency, Reuters reported yesterday, Feb. 13. According to Reuters, the central bank released a circular Monday that bans banks in Thailand from investing and trading in crypto, as well as participating in and creating exchanges and platforms for crypto trading.The circular applies specifically to banks, not to exchanges or other services, which are still allowed to operate freely in the country. Banks were also asked not to advise customers on crypto investment or trading, and to ban clients from using credit cards for crypto purchase...
Please share if you find this article interesting. United Bitcoin May Be the Most Controversial Fork to Date - Bitcoin News News Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think. Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC The Promises of United Bitcoin A few months ago we reported on the UBTC project created by Jeff Garzik, his partner at the blockchain company, Bloq, chairman Matthew Roszak, and Bitbank Group’s Songxiu Hua. The team says it plans to crea
Please share if you find this article interesting. Bitcoin Cash Technical Analysis – Bitcoin Cash Falls through Key Support Level 13/02/2018 Key Highlights Bitcoin Cash hit an intraday high $1,297.3 on Monday, before easing back ahead of the close to end the day up 5.26% at $1,275. A bearish trend has formed through the early part of Tuesday, with Bitcoin Cash down 4.14% to $1,230.3 at the time of writing. Bitcoin Cash tested its first major support level $1,232.6 in the early hours, falling to an intraday low $1,213, before moving back to $1,230.3. Bitcoin Cash Price Support Following Monday’s failed attempts to break through to $1,300 levels, Bitcoin Cash has been the worst performer amongst the major cryptocurrencies this morning, with a $1,285.2 intraday high being hit at the
Please share if you find this article interesting. PR: How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Viola.AI leverages on blockchain technology to change the dating and relationships landscape in the world. One of the questions the team at Viola.AI gets asked frequently — why does the dating and relationships industry need blockchain? One of the key problems that blockchain help to solve is trust. There’s a huge trust problem in
Please share if you find this article interesting. Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year - Bitcoin News Security Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are to blame for losses that have reached half a billion dollars in the last seven months. Also read: Cryptocurrency Exchange Bitgrail Suspends Operations After ‘Losing’ $170 Million of Nano Bitgrail Gets Railed for Dodgy Code Last week, news.Bitcoin.com reported on the demise of Bitgrail, which contrived to los
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Breaks Key Resistance Key Highlights Ethereum classic price made a nice upside move and traded above $25.00 against the US dollar. There is a key bullish trend line forming with support at $27.40 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair may correct below the $27.40 level, but the broken resistance at $25.00 is a major support. Ethereum classic price has moved into the bullish zone against the US Dollar and Bitcoin. ETC/USD is likely to extend gains above $29.00 after completing a short-term correction. Ethereum Classic Price Upside Move There was a major upside move in ETC price recently as it moved above the $22.00 level support against the US