Another major crypto exchange is delisting bitcoin SV (BSV) amid an ongoing feud between that cryptocurrency’s creator Craig Wright and outspoken members of the bitcoin community. San Francisco-based Kraken announced Tuesday that it will no longer support BSV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates. Kraken will disable BSV deposits on April 22, trading will cease on all trading pairs April 29 and, finally, withdrawals will stop May 31. The move follows announcements Monday by two other prominent exchanges, Binance and ShapeShift, that they were delisting BSV in response to Wright’s behavior. Binance’s CEO, Changpeng Zhao (CZ), tweeted that Wright is “poisoning” the bitcoin community with his threats to sue peop
There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator. It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out legal letters to those community members that have called him a “fraud.” While several news reports, as early as late 2015, identified Wright as Satoshi, and the lead maintainer of bitcoin at the time Gavin Andresen even lent his credence to the unmasking, security experts rebuked the claim, leaving many in the cryptocurrency community unconvinced. Yet, Wright has continued stating that he is Satoshi and those that believe that to be
Samsung SDS has agreed to form business ties with Indian IT giant Tech Mahindra in a bid to enter the overseas blockchain market with its Nexledger blockchain platform, the company said Sunday. "Samsung SDS agreed to cooperate with Tech Mahindra to expand the usage of the Nexledger platform overseas," the system integration arm of Samsung Group said. Under the agreement, the two will seek more business opportunities in the blockchain markets in India, the United States and Europe and cooperate to upgrade the Nexledger platform. Tech Mahindra, an IT affiliate of India's Mahindra Group, has been providing IT services to about 900 companies from across the world and has secured more than 120,000 IT engineers. Samsung SDS launched its enterprise blockchain security platform Nexledg...
Bittreo, a Vancouver-based cryptocurrency retailer has unveiled its Brokerage SaaS product as part of its broader expansion plans. Bittreo is now the first brokerage to develop own SaaS for retail crypto locations. Going Live in June According to a press release, the Bittreo SaaS product will go live later in June 2019 and it’s aimed at making it easier for people to start a retail crypto brokerage firm from across the globe. Commenting on the development, Yum Kasukawa, Co-founder of Bittreo noted that: “This is a game changer for global crypto adoption. The main obstacles facing the mainstream adoption of cryptos are lack of trust and difficult access. Our physical location where investors can transact face to face with trusted professionals solves both of those problems.”
The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12. According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not a real cryptocurrency, the FT underlines. As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored. During the test, the World Bank and IMF staff will earn coins for achieving certain educational milestones. The institutions will allow them to redeem the assets gained for some rew
Banks are working their way into the cryptocurrency world, with the most recent move being made by Bank of America. Though during Bitcoin’s inception, its creation was cited as a way to move away from a centralized currency, an increasing amount of banks are wanting in on the crypto action. In 2014, according to CNN, Bank of America filed for a patent that would allow them to store cryptocurrency for big companies. This move received the ‘go ahead’ on Nov. 13 of 2018. Recently, we’ve seen widespread adoption of blockchain technologies in the mainstream market. Just this recent midterm election, Voatz, a mobile voting platform utilizing blockchain technology, was tested to prevent voter fraud and give overseas military personnel an easy, accessible way to vote. Outside voting, we see
Bitcoin and Brew would like to apologize to our readers. The following story was written on 11/25, and was never published due to fear of unwanted social criticism. We are monitoring the situation and are actively working to inform communities affected. Cryptopia Exchange ( https://www.cryptopia.co.nz/) has grown increasingly suspicious in their behavior. At the time of this article, there are approximately 100 coin wallets in maintenance mode. This represents about 20% of all the wallets on Cryptopia. Users are unable to withdraw, unable to create deposit address, and if coins are sent to prior used deposit address, they are not credited to the account. The markets for coins in maintenance remain mixed; some markets are still open for trading, while othe
A New Zealand based crypto exchange website has been shut down by the operators citing a major hack. Cryptopia a New Zealand based crypto exchange which started operations in 2014 has been taken offline by the organisers after undergoing a security breach on January, 14. The exact details of the hack are still unknown and the company has since been sharing news about the hack via its Twitter handle. Customers have been facing difficulties to access their accounts on January 13 after which they are greeted to a message of maintenance that is being displayed on the screen. Later on 14 of January the company took to Twitter to tell that the exchange has suffered security and has undergone significant losses. The staff has alerted all the related government agencies, t...
We are less than two days before of the much-anticipated Constantinople hard fork on the Ethereum blockchain and uncertainty has sparked as only 20% of all nodes have already upgraded to the new version. Constantinople has been set to launch on January 16 (block 7,080,000), and 1534 out of 7650 total nodes have adopted the proposed changes on Ethereum according to Ethernodes, a Constantinople adoption tracking service. Representatives of the Ethereum community are confident that consensus will be ultimately achieved and the majority of nodes will update their clients just before the irreversible chain split. However, as the Constantinople upgrade includes several depreciating features for the miners’ incentives, a debate has started lately about whether this is a concerted
The city of New York has a new blockchain center. Opened by the New York City Economic Development Corporation (NYCEDC) as part of a partnership with FuturePerfect Labs (an affiliate of FuturePerfect Ventures) and GBBC Labs (a subsidiary of the Global Blockchain Business Council), the new facility is expected to play a significant role in developing the city’s blockchain ecosystem. The center, located in the city’s Chelsea district, will seek to provide entrepreneurs and innovators with business support, space, and mentorship. It will also bring together industry, government, investors, innovators, and academia in a bid to advance the dialogue about how New York can establish a suitable regulatory environment which protects consumers without stifling innovation. James Patch