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
The United States National Aeronautics and Space Administration (NASA) has proposed an air traffic management blockchain, according to a paper published on the agency’s official website on Jan. 10. The proposed system would employ an open-source permissioned blockchain to enable secure, private and anonymous communication with air traffic services. The document notes: “This framework features certificate authority, smart contract support, and higher-bandwidth communication channels for private information that may be used for secure communication between any specific aircraft and any particular authorized member.” The engineering prototype of the system reportedly employed the Hyperledger Fabric and demonstrated that such infrastructure could be rapidly deployed and economically m
According to a press release published on January 8, 2019, Pakistan’s telecommunications companyTelenor, in association withValyou, has successfully launched a blockchain-enabled cross-border remittance service. Notably, the service is powered by distributed ledger technology (DLT) developed byAlipay. Rapid and Secure International Remittance Service for Pakistanis in Malaysia On Tuesday, January 8, 2019, Pakistan joined the ranks of select few nations with blockchain-enabled international remittance service. Pakistan’s Telenor Microfinance Bank joined forces with Valyou, a Malaysian fintech company to offer instant and secure international remittance service to Pakistanis living in Malaysia. The official announcement regarding the development was made at an event Islamabad. The
One of the largest cryptocurrency, Ripple revealed today in a report that a total of 13 more financial institutions had joined RippleNet, putting the total at over 200. Out of all these, 5 of them will be going to use the Ripple(XRP) cryptocurrency for liquidity. Some of the establishments named just within the press release are: SendFriend, Transpaygo, Euro Exim, JNFX, and FTCS Financial Institution. Apart from that, they will be going to use the entire liquidity on demand, and the eight others would not. Kaushik Punjani, Director of Euro Exim Financial institution, said of the partnership:As a frontrunner in commerce finance options for international corporates and fitness, we’re uniquely positioned to supply new cost channels and methods to supply liquidity. Our clients—whether o
India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules. This revelation comes just a few months after a government panel suggested the creation of a new regulatory framework within the Reserve Bank of India (RBI) that bans digital assets and declares crypto transactions illegal in India. According to an unnamed senior official who spoke with the New India Express, the committee had met twice, but deliberations were still ongoing. “We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It
Seattle-based cryptocurrency exchange Bittrex launched new USD trading pairs on Thursday for Bitcoin SV (BSV), the newly forked version of Bitcoin Cash, and Basic Attention Token (BAT), the token associated with the privacy-focused Brave browser. Launch Update: Basic Attention Token (BAT) and Bitcoin SV (BSV) have been added to the USD (Fiat) markets. Eligible Bittrex accounts are auto enabled for USD trading. Those wanting to deposit/withdraw US Dollars via wire should submit According to the announcement, the fiat trading pairs are immediately available for both coins, adding to the currently available Tether (USDT), BTC and ETH markets. With the launch of BSV and BAT, Bittrex now supports USD fiat trading pairs for multiple major altcoins, including 0x (Z
Mizuho Financial Group Inc. will issue its own digital currency from March at the earliest, which will allow users to make cashless payments via smartphones and fee-free cash transfers among users, it has been learned. The currency will be the first to be issued by a megabank. The new project will involve about 60 regional banks, with Mizuho aiming to have more participating banks, according to sources. Under the J-Coin (tentative name) scheme, users can make payments with a QR code on a smartphone app at stores and can also transfer money from their bank accounts to the app in advance, and vise versa. Many companies have already entered into the cashless payment business in the form of QR codes on smartphone apps, among other technologies. However, shops cannot cope with al...