cryptocurency daily

Former U.S. federal prosecutor and current cryptocurrency VC executive Kathryn Haun recently took part in a debate on crypto with Nobel-prize winning economist Paul Krugman, posted on YouTube by crypto venture capital firm Andreessen Horowitz (a16z) Nov. 2. The debate, hosted by Mexican tech company KIO Networks and moderated by local business journalist Rodrigo Pacheco, was reportedly held in Mexico in September 2018. A former federal prosecutor for the U.S. Department of Justice (DoJ) and current general partner at a16z, Haun was representing the optimistic approach towards crypto-related technologies. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, held his previous negative position on the topic, debating with Haun as a crypto skeptic. In her preliminary speech that preceded the debate, Haun, who is also a board member at major crypto exchange and wallet service Coinbase, compared the current stage of cryptocurrency evolution to the early years of Internet: &

BaseCore, a US-based blockchain project, reveals a new security token concept which allows investing in private IT companies, like Uber, AirBnB and Grab, among others. According to the project’s whitepaper, the BaseCore token is backed by a portfolio containing the assets of private IT companies. These assets are impossible to purchase on the stock market, as the companies are not public. The paper states, “This feature of the token allows it to become one of the most stable digital currencies on the market.” The BaseCore company aims to purchase shares from private IT companies and tokenize them by creating digital assets – the BaseCore security token. Additionally, the company has created its own exchange platform for buying, selling, and exchanging security tokens. The BaseCore token is a dual-purpose investment tool: it will include investments in the asset market, in the form of private IT companies, as well as the potential growth of the largest cryptocurrencies, such as Bitcoin

The Abu Dhabi Securities Exchange (ADX) has issued a thought paper on cryptocurrency and blockchain infrastructure for issuing digital assets, reports the Emirati government news agency WAM Nov. 6.                                 The document was reportedly issued in collaboration with the Central Securities Depositories and under the auspices of the International Securities Service Association, ISSA. In publishing the paper, the ADX seeks to identify the necessary technical and operational criteria for issuing digital assets and supporting financial institutions in offering crypto assets. According to ADX CEO Rashed Al Blooshi, the exchange “continues its efforts to manage the transition from conventional assets to more encrypted assets, which are witnessing major and rapid development in the region." Al Blooshi also outlined the importance of market infrastructure improvement and the development of governance standards in order to increase investor confidence and keep the market

The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an official notice filed Nov. 6. Per the document, AWS Mining along with its multiple agents and Chief Marketing Officer Josiah Kostek have violated the Texas Securities Act by luring the state’s residents in purchasing AWS’ unregistered cloud mining power contracts and promising a “200 percent passive return on every investment.” The company’s website also reportedly offers investors to join a multi-level marketing matrix for $20, after which they could earn commissions by operating as sales agents. AWS allegedly shirked its commitments to pay out the promised profit, stating that “investors assume the risks associated with the investment.” AWS failed to register as a securities broker-dealer, and moreover, crypto mining power contracts have not been registered and qualified for sale in Texas. Th

U.S. law enforcement consider so-called “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud, security news and investigation blog KrebsonSecurity reported Nov. 7. Speaking to the publication, Samy Tarazi, a police sergeant in Santa Barbara and a supervisor of the REACT Task Force — a group dedicated to fighting cybercrime — said the number of instances of the crime had increased dramatically. “For the amounts being stolen and the number of people being successful at taking it, the numbers are probably historic,” he said. SIM swapping refers to the act of remotely hijacking the SIM card in a mobile device — for example by gaining access to an operator’s customer database as in one high-profile example involving millions of dollars — and using the resulting control over the device to gain access to poorly-protected private data. The data proving most valuable to SIM swappers is cryptocurrency login details and wallet passwords, resulting in huge amounts

Former U.S. federal prosecutor and current cryptocurrency VC executive Kathryn Haun recently took part in a debate on crypto with Nobel-prize winning economist Paul Krugman, posted on YouTube by crypto venture capital firm Andreessen Horowitz (a16z) Nov. 2. The debate, hosted by Mexican tech company KIO Networks and moderated by local business journalist Rodrigo Pacheco, was reportedly held in Mexico in September 2018. A former federal prosecutor for the U.S. Department of Justice (DoJ) and current general partner at a16z, Haun was representing the optimistic approach towards crypto-related technologies. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, held his previous negative position on the topic, debating with Haun as a crypto skeptic. In her preliminary speech that preceded the debate, Haun, who is also a board member at major crypto exchange and wallet service Coinbase, compared the current stage of cryptocurrency evolution to the early years of Internet: &

The Swiss Financial Market Supervisory Authority FINMA has advised banks and other financial institutions to estimate risk coverage for cryptocurrencies at 800 percent of current market value, Cointelegraph auf Deutsch reports today, Nov. 5. Major local news portal Swissinfo reportedly saw a copy of a confidential letter from FINMA to the Swiss Association for Audit, Tax and Fiduciary (EXPERTsuisse), which explains the watchdog agency’s stance on capital buffers for crypto assets. In the letter, FINMA recommends financial service providers to allocate a flat risk weight of 800 percent for "to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.” Bitcoin (BTC) is currently trading at $ 6,402, meaning that when calculating the risk weight of assets, a bank must assume a value of over $51,000 per Bitcoin. Under the new advisement, banks would set aside massive amounts of capital in order to cover potential losses on cryptocurrenc

Bitcoin (BTC) futures trading on the U.S. Chicago Board Options Exchange (CBOE) hit record low volatility levels in October, in stark contrast to the rocky global equity markets, MarketWatch reported Nov. 5. As Kevin Davitt, senior instructor for The Options Institute at Cboe Global Markets has outlined in a video Nov. 1, the average weekly volatility for the week ending Oct. 26 was just 3 percent for XBT-CBOE Bitcoin futures, the lowest ever level since they launched for trading Dec. 10, 2017. As of Nov. 1, the average weekly XBT high-low range on front-month Bitcoin futures since inception has been 15.65 percent: as of tax day (mid-April 2018), this weekly average has lessened to a more “subdued,” 10.6 percent, Davitt noted. Yet on the monthly chart, October overall has seen record-low volatility levels, an average 6.6 percent. Translating this into concrete numbers, Davitt stated that for XBT futures closing in November, the highest settle price was $6,630 (Oct. 8), and the lowest $

Bitcoin definition  Bitcoin (BTC) is a digital currency, which is used and distributed electronically. Bitcoin is a decentralised peer-to-peer network. No single institution or person controls it. Bitcoins can’t be printed and their amount is very limited – only 21 mln Bitcoins can ever be created. Who created Bitcoin?  Bitcoin was first introduced as an open-source software by an anonymous programmer, or a group of programmers, under the alias Satoshi Nakamoto in 2009. There has been a lot of rumours about the real identity of BTC’s creator, however all of the people mentioned in those rumours have publicly denied being Nakamoto. Nakamoto himself once claimed to be a 37-year-old male living in Japan. However, because of his perfect English and his software not being labeled in Japanese, there are reasonable doubts about this. Around mid-2010, Nakamoto moved on to other things, leaving Bitcoin in the hands of a few prominent members of the BTC community. Also Satoshi named Gavin Andres

A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. History  There have been many attempts at creating a digital currency during the 90s tech boom, with systems like Flooz, Beenz and DigiCash emerging on the market but inevitably failing. There were many different reasons for their failures, such as fraud, financial problems and even frictions between companies’ employees and their bosses. Notably, all of those systems utilized a Trusted Third Party approach, meaning that the companies behind them verified and facilitated the transactions. Due to the failures of these companies, the creation of a digital cash system was seen as a lost cause for a long while. Then, in early 2009, an anony