CryptScout #BitFeed RSS - Bitcoin and Cryptocurrency News 24/7
Words
1423
Reading
7 min
Listen
Play
9y
Fake WiFi network used by hackers to steal more than 100,000 worth of bitcoin
Austrian police say cyber-thieves transferred bitcoins worth more than 100,000 89,000, $117,000 from a man's account while he was logged into a restaurant's public WiFi.Source: http://cryptscout.com/news-portal/?id=17&ref=495&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Hacker Allegedly Siphons $31 Million Out of Tether, Driving Further Speculations About the Cryptocurrency
Tether, a cryptocurrency pegged 1-to-1 to the U.S. dollar, was allegedly hacked today to the tune of $31 million.Tether functions to convert U.S. dollars to a type of cryptocurrency. The projects token USDT is pegged to the dollar and is used in exchange trading. The idea behind Tether is that instead of having to sell your bitcoin or other token for a fiat currency, you can convert it to USDT, and either hold it in USDT or else transfer your USDT to another exchange and use it to purchase toSource: http://cryptscout.com/news-portal/?id=20&ref=2032&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
NAGA Flourishes at the Epicenter of Blockchains Digital Disruption
Blockchain technologys disruptive force in business and commerce has been well documented. With strong momentum ensuing from its beginnings as the foundational technology supporting Bitcoin, distributed ledger technology shows great promise in terms of its potential impact on the future of our planet.One emerging enterprise at the nexus of these developments is The NAGA Group AG, a German fintech company. NAGAs strategic aim is to create world-class mobile and web applications for the capitalSource: http://cryptscout.com/news-portal/?id=20&ref=2031&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Tether hack Nearly $31m in cryptocurrency was stolen by a hacker
Tether said it is now attempting to get the stolen funds back and also ensure that the hacker cannot spend the money.Source: http://cryptscout.com/news-portal/?id=17&ref=494&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Op Ed We Never Thought of That When Venture-Backed Companies Undertake Reverse ICOs
With well over $3 billion raised this year alone, in very little time initial coin offerings ICOs have emerged as a major source of venture finance. Even companies that have already raised conventional venture funding will be tempted to raise additional funds through ICOs. Although not fully intuitive, some have labeled token issuances by entities that previously obtained equity financing as Reverse ICOs.One prominent example of a Reverse ICO has already occurred. Recently, Kik Interactive suSource: http://cryptscout.com/news-portal/?id=20&ref=2030&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Rublix Is Reimagining Crypto Trading
The soaring fortunes of bitcoin and cryptocurrencies is attracting massive amounts of media attention worldwide. This has led to a steady stream of traders flocking to the space amid record prices and subsequent asset returns. In some circles, this exuberance has to raise concerns about a bubble akin to the great global recession of 2008. On a weekly basis, a seemingly endless stream of new crypto projects, many predicated on little more than a hastily developed white paper and website, are bSource: http://cryptscout.com/news-portal/?id=20&ref=2029&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Now the SegWit2x Hard Fork Has Really Failed to Activate
In case there were any remaining doubts, it now seems clear that the SegWit2x hard fork will not happen.The SegWit2x project, a product of the New York Agreement signed onto by a long list of companies and miners in May, had scheduled a hard fork to double Bitcoins block weight limit today. And while the controversial effort was suspended by leaders of the project last week, this would not have stopped anyone else from proceeding with it. Companies like Coinbase were indeed taking into accounSource: http://cryptscout.com/news-portal/?id=20&ref=2028&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Blockchain Coalition Seeks to Make Bitcoin Welcome in Wyoming
A group of people are on a mission to bring Bitcoin back to the state of Wyoming after unfriendly laws made it impossible to transact with cryptocurrencies there more than two years ago.The Wyoming Blockchain Coalition announced its formation this week. Its volunteer members aim to create a legal and regulatory environment in the state that welcomes cryptocurrencies and blockchain technology companies with open arms.Among the groups advisors are Patrick Byrne, CEO of Overstock Byrne lives inSource: http://cryptscout.com/news-portal/?id=20&ref=2027&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Crypto Trading and Traditional Assets New Options for Investors
While trading of crypto-assets is booming, some investors are looking for options to trade traditional assets like stocks via cryptocurrencies. Three new operators are among those developing trading platforms to meet this need, with blockchain-based tokens pegged to the underlying assets.AnkorusAnkorus is establishing a platform that will permit trading traditional assets, including stocks, bonds, futures, options, gold, silver, commodities, ETFs, FX and bitcoin futures with cryptocurrency. ASource: http://cryptscout.com/news-portal/?id=20&ref=2026&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Dispelling the Doomsayers The Future of China's Blockchain Development is Still Bright
The post Dispelling the Doomsayers The Future of China&39s Blockchain Development is Still Bright appeared first on Bitcoin Magazine.Source: http://cryptscout.com/news-portal/?id=20&ref=2025&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
A Beginners Guide to Claiming Your Bitcoin Gold and Selling It
This is a re-write of A Beginners Guide to Claiming Your Bitcoin Cash and Selling It. Please note Everything in this article is just advice based on our best understanding of the current situation.Bitcoin Gold also referred to as Bgold, and trading under the ticker BTG launched November 12, 2017. Since the Bitcoin blockchain technically forked on Bitcoin block 491407, anyone who held bitcoin BTC on October 24, 2017 should have an equivalent amount of BTG attributed to their Bitcoin private keSource: http://cryptscout.com/news-portal/?id=20&ref=2024&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
The Lightning Network Now Supports Transactions Across Blockchains
Although still in testing phase,thelightning network can now be used to send transactions across different blockchains. The Lightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week ownership of the coins changed hands, while no transaction was recorded on either blockchain.Previous atomic swaps that I have done were on-chain, and had the on-chain limitations of slow transactions and high transaction fees, Litecoin creatorSource: http://cryptscout.com/news-portal/?id=20&ref=2023&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Bitcoin Price Analysis BTC Pushes All-time Highs and Tests Historic Resistance
Throughout the life of bitcoins two-year bull run, it has been confined within two macro trends one parabolic and one linear both on a logarithmic scaleFigure 1 BTC-USD, 1-Day Candles, Macro TrendThe parabolic envelope black curves has confined the entire bull run throughout the last two years. Over the weekend, we saw a test of the lower curve that proved to be proper support and propelled the market into a bounce that now has the market testing the upper linear trendline purple lines at thSource: http://cryptscout.com/news-portal/?id=20&ref=2022&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Russian cybercrime mastermind accused of $4bn bitcoin fraud
Greece's Supreme Court on Wednesday 15 November postponed until December an extradition hearing for Russian cybercrime suspect Alexander Vinnik.Source: http://cryptscout.com/news-portal/?id=17&ref=493&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Zen Protocol Advances Smart Contracts for Financial Services
Shunry Suzuki, the St Zen monk and teacher who helped popularize Zen Buddhism in the United States, once remarked that, In the beginner's mind there are many possibilities, but in the expert's there are few.In many ways, this aphorism captures the entrepreneurial tenor of todays emerging world of blockchain technology, as startup companies seek to address critical issues facing the distributed ledger space.Many would agree that todays financial systems are fraught with centralizatioSource: http://cryptscout.com/news-portal/?id=20&ref=2021&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
New Semi-Decentralized Cryptocurrency Exchange Navigates Murky Compliance Waters
Tetra, a new entrant in the cryptocurrency exchange sector, describes itself as a semi-decentralized, peer-to-peer exchange with an emphasis on security and usability Tetra will help create the next wave of cryptocoin adoption which will benefit all cryptocurrency users from investors to traders to businesses.The term peer-to-peer exchange tends to suggest the idea of a strong emphasis on privacy and anonymity, as well as a certain level of disdain for Know-Your-Customer KYC rules, meddling rSource: http://cryptscout.com/news-portal/?id=20&ref=2020&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
MadHives Mission to Restore Transparency and Fairness to Advertising
Digital technology should make the advertising business more efficient. But it has not at least not from the perspective of companies that place ads or the content publishers who sell ad space to them. Laden with middlemen and clouded by convoluted, proprietary ad placement platforms, the modern digital advertising industry faces serious challenges.New Yorkbased MadHive is on a mission to solve them. Using blockchain technology and smart contracts, MadHive is constructing an ad tech platformSource: http://cryptscout.com/news-portal/?id=20&ref=2019&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Cybersecurity legend John McAfee partners with Hacken to chase new cryptocurrency
Anti-virus pioneer John McAfee has signed a partnership with Hacken, an Eastern European cybersecurity start-up built upon a new form of cryptocurrency, IBTimes UK can reveal.Source: http://cryptscout.com/news-portal/?id=17&ref=492&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Kaspersky Lab and Parity Technologies Launch Blockchain-Based Voting System
Cybersecurity company Kaspersky Lab unveiled Polys, a secure online voting system based on blockchain technology and backed with transparent crypto algorithms, at the companys annual Cybersecurity Weekend event in Dublin.Online voting imposes extremely stringent requirements on the security of every aspect of voting, notes the Polys website. We believe that the blockchain technology is the missing link in the architecture of a viable online voting system.In our Kaspersky Lab Business IncubatoSource: http://cryptscout.com/news-portal/?id=20&ref=2018&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Bitcoin Gold Launches on November 12
After weeks of preparation,Bitcoin Gold Bgold BTG is finally launching tomorrow, November 12, 2017.Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year on August 1, Bitcoin Cash Bcash was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing Bitcoins block size limit while removing the Segregated Witness code, Bgold is an attempt to counter Bitcoins mining centralization.The most important difference betweenSource: http://cryptscout.com/news-portal/?id=20&ref=2017&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal
Source: http://cryptscout.com/