Coinatory

Gottfried Leibbrandt, CEO of the main international payment network of SWIFT, announced his company"s plans to integrate R3"s Corda technology to improve the level of customer service for banks. He stated this at the Paris FINTECH forum, where Ripple CEO, Brad Garlinghouse was also present. SWIFT is a global company that conducts financial transactions between banks using its own technology for exchanging financial messages. The SWIFT system currently employs over 11,000 banks. The company was founded in 1973 and since then has become the leader of international payments, although it should be noted that it almost had no competitors. However, everything changed with the advent of blockchain technology. Actually, the SWIFT ... Read more about " SWIFT publicly “wiped the nose” of Ripple, choosing the R3 blockchain " on coinatory.com

Saudi Arabian Monetary Agency (SAMA) and the UAE Central Bank (UAECB) launched the joint Aber digital currency, designed to serve as a means of payment in cross-border payments between the two countries. We are talking about an experimental stage at which both central banks intend to study the use of the blockchain in issuing common digital currency for cross-border payments, the central bank of Saudi Arabia said in a statement. The two countries decided to launch a joint project, since each has centralized money transfer and internal transaction systems that have proven to be profitable. However, the statement says that certain aspects of the international money transfer system need further development. SAMA and UAECB agreed that ... Read more about " Saudi Arabia and the UAE launched the digital currency Aber " on coinatory.com

According to the draft report of the Central Bank of Iran, which became available to the media, the country"s central bank intends to prohibit the use of cryptocurrency as a means of payment. The document of the central bank, entitled "Obligations and rules of cryptocurrency turnover", says that "any cryptocurrency wallets will be used exclusively for storing and moving cryptocurrencies, whereas the integration of any services with cryptocurrencies is prohibited." If the rules come into force, the central bank will stop using cryptocurrencies as a means of payment. However, according to the document, the central financial department of Iran does not intend to prohibit citizens from storing or moving small amounts of “allowed” cry ... Read more about " Iran may ban Bitcoin as a means of payment " on coinatory.com

The new exclusive report of the analytical company Chainalysis says that only two groups of highly skilled cybercriminals cause theft of more than $ 1 billion in cryptocurrency (60% of all known hacks). The Wall Street Journal writes about this. It is expected that Chainalysis will publicly announce the results of the study later, as there is still a possibility that the analysis is incorrect, and the company is “not 100% sure” in the identification data of these two groups. In its report, the company mentions them as Alpha and Beta. Experts say that Alpha is “a giant, strictly controlled organization, at least partially driven by non-monetary goals,” while Beta is “a small and less organized group that is completely focused on money. ... Read more about " WSJ: Two groups of hackers can stand behind 60% of all known thefts in cryptoindustry " on coinatory.com

As you know, digital currencies and blockchain technology are in great need of a general consensus of their community, since they imply the absence of regulatory of central bodies. Changes in the distributed registry of blockchain networks should be agreed upon by the majority of people in this community. In order to achieve such a consensus blockchains most often use algorithms Proof of Work or Proof of Stake. In general, both algorithms are designed to show that some work has been done to verify a particular transaction, and that it is not fake. Proof of Stake Coins If you choose coins with a more modern PoS protocol, then ideally, you probably want to get the best ones. In this article we will talk about the most ... Read more about " Ten most profitable coins on the PoS protocol in 2019 " on coinatory.com

A group of specialists from the Research and Development Department of the University of Illinois (USA) analyzed the work of cryptocurrencies operating on the Proof-of-Stake (PoS) mechanism (evidence of participation in the blockchain). Scientists have discovered two vulnerabilities. It turned out that a user who is not related to a distributed digital asset registry may interfere with its work. The department published the information in the report. The authors of the study believe that PoS cryptocurrencies need to abandon the use of the UTXO system - unspent transaction outputs. Also, they need to stop using the consensus rule, under which the main chain is the one that is the longest. Otherwise, the security of the cryptocurrency ... Read more about " Proof-of-Stake can lead to cryptocurrency hacking " on coinatory.com

It seems obvious for most of us, but it is worth repeating again and again: current financial system is terrible and cryptocurrencies can grant us with the financial freedom. This is their main point and the main reason for them to exist. This short explanation of our current situation should be shared with as many people as possible. Daily story You work for long four weeks - until your bones start to ache from fatigue. You spend sleepless nights on your projects or tasks so that you are already unwell. For what? In order to get the long-awaited salary. However, the sad truth is that not you, but your bank received your salary. We are always dependent on banks and on the money we earn, although it should be the other way around ... Read more about " The banking system is a fraud! " on coinatory.com

Two months after the massive dismissal of blockchain-startup employees, Steemit changed manager, TechCrunch writes. Now plans to restructure the company are in the hands of Managing Director Elizabeth Powell, who was previously involved in communications and advocacy for Steemit. Ned Scott, former director, will assume the position of executive chairman. Now the company has 12 full-time employees. Powell is a newcomer to Steemit - she joined the company last May. In response to the appointment, some users of the platform expressed concern about its relative inexperience. Others suggested that a change in management would only benefit the company. Steemit is a social platform that uses blockchain technology to award publishers ... Read more about " After the dismissal of 70% of employees, Steemit changed its manager " on coinatory.com

The founder of Sirin Labs and the creator of the blockchain phone, Moshe Hogeg, lost a lot of bitcoins when trying to make a cryptocurrency transaction. Hogeg was going to buy Grin coins for bitcoins, however he lost his money by contacting OTC-service for cryptocurrency trading. Communication with the seller of Grin was established through Telegram, and Hogeg tried to coordinate the terms of the deal. Interestingly, the coin seller was recommended to Hogeg as a "confidant". At that moment, even having doubted the deal, Hogeg insistently requested the amount of coins that he should have been sent. Hogeg wanted to make sure the seller had the amount of Grin he was looking for. After the seller fulfilled his requests, Hogeg sent ... Read more about " Founder of Sirin Labs, Moshe Hogeg lost a “significant” amount in bitcoins " on coinatory.com

Representatives of the United Arab Emirates (UAE) and Saudi Arabia have announced cooperation in order to create a new cryptocurrency, reports Emirate News Agency. Representatives of both countries discussed the draft joint integrated strategy, including initiatives in such areas as civil aviation, youth financial literacy and the creation of a digital currency for cross-border payments. The cross-border digital currency will be strictly targeted for banks at an experimental phase with the aim of better understanding the implications of Blockchain technology and facilitating cross-border payments. Also in the course of the joint project, the impact of the new cryptocurrency on the financial policies of both countries will be ... Read more about " Riyadh and Abu Dhabi will create a joint cryptocurrency " on coinatory.com

According to reports from Chile, the authorities decided to oblige cryptocurrency owners to pay taxes on digital assets. While it is difficult to say, the consequences of this step will be negative or positive. Last year was frankly "bearish" for cryptocurrency; In addition, in 2018, Chilean crypto exchanges lost support from the banks that closed their accounts, which put many exchanges on the brink of collapse. Although the stock exchange began to massively go to court, Themis seems to be on the side of the banks. However, the banking ban failed to slow down the pace of progress in this sector, and the government finally paid attention to the growing popularity of cryptocurrencies among Chilean citizens. Although the authorities ... Read more about " Chilean government taxed cryptocurrencies " on coinatory.com

In the darkweb market called Dread, ExploitDOT seller trades the verification data of clients of the largest cryptocurrency exchanges. This hacker has been advertising since July 2018. He claims that he managed to steal the documents necessary for verifying the identity of clients, including identity cards and driver"s licenses, from users of the largest cryptocurrency exchanges - Bittrex, Poloniex, Bitfinex and Binance. The cost of the data is $ 10 per 100 documents, and the "wholesale" buyers are given a discount: if you purchase more than 25,000 documents, the price per 1000 data units is $ 1. An expert on cybersecurity, who wished to stay anonymous, said that he had contacted the seller and received three samples from him ... Read more about " The customers" data of the largest crypto exchanges are sold in darkweb " on coinatory.com

Once upon a time Bitcoin Cash, Bitcoin hardfork, was considered a "new word" in the world of cryptocurrency and a "revision" of Bitcoin itself, but 18 months after the birth, the coin replenished the ranks of cryptocurrency-losers. According to the co-founder of Bitcoin.org and Bitcointalk.org, acting under the Cobra pseudonym, BCH is “worthless”. On January 18, Cobra said in its Twitter account that Bitcoin Cash is not just dying, but already dead, and, due to the lack of vision and purpose, the value of the coin will drop to zero in a matter of years. In particular, he stated: “Bitcoin Cash is dead. This cryptocurrency needs new leaders and a direction / goal - otherwise, in a few years it will cost $0. ” In response to questio ... Read more about " Co-founder of Bitcoin.org: Bitcoin Cash is dead " on coinatory.com

Miners seem to have recovered from the losses incurred due to the collapse of the cryptocurrency market in 2018, and increased productivity by more than 30%. Bitcoin hashrate network has been steadily increasing since the end of last year, which indicates the activation of mining pools. Miners worked hard even when the price of the main cryptocurrency fell. The corresponding post on Twitter posted analytics service DRIVE Markets. They emphasized: https://twitter.com/DriveMarkets/status/1085345397025910784 It is quite possible that bitcoin mining has once again become profitable, since during the period of the fall of the crypto-market many mining pools reduced mining of coins or stopped it altogether. Those miners" teams ... Read more about " The activity of bitcoin miners has increased by more than 30% since the end of 2018 " on coinatory.com

Over the past 12 months, the volatility of the main cryptocurrency has reached its minimum level. Compared with the peak in January 2018, the coin"s fluctuation range has now decreased by 98%, according to the CoinMarketCap data. The Bitcoin price has fallen by 74% over the past year. Experts linked the fall in volatility and price of the main coin and noted that bitcoin showed low price fluctuations even in the fall before falling in November-December. In the same period of 2017, on the contrary, the largest digital currency showed explosive volatility, having jumped 26% only in January 2018. As a percentage of the past year, the average daily volatility of the BTC fell from 9.14% to 3.6%. Some experts positively assess the ... Read more about " Bitcoin volatility fell by 98% in terms of the year " on coinatory.com

Chevron, one of the leading US energy corporations, has joined the Vakt blockchain platform for trading oil and oil products. This was January 16 reported Reuters. In addition to Chevron, Total, the largest oil and gas company in France, and Reliance Industries, the Indian oil conglomerate, became participants in the platform. Vakt, built on the basis of blockchain technology of JPMorgan Quorum, aims to occupy a niche of a single digital platform for the oil industry throughout the world. Cooperation with Vakt is expected to increase the speed and security of the logistics processes of the participating companies. Recall that the blockchain platform Vakt appeared last fall as a result of the cooperation of the world"s leading ... Read more about " Oil giants Total and Chevron join Vakt blockchain platform " on coinatory.com

The police of New Zealand confirmed that they are investigating a “grand theft” from the local cryptocurrency exchange Cryptopia. This is stated in a press release published on January 16. According to some local media, it could be about $3.6 million. On January 14, Cryptopia suddenly closed its website “for service”, and later it turned out that it “suffered from security vulnerabilities”. On January 15, on Twitter, Cryptopia made a statement that the users had suffered “significant damage” and that “the exchange was set to the maintenance mode”. Since then, Cryptopia has also stated that it will not comment on further developments, as an official investigation is being conducted by law enforcement agencies. According to poli ... Read more about " Cryptopia hacking investigation: $3.6 million and new circumstances " on coinatory.com

The long-awaited update of the Ethereum, Constantinople, was postponed after the developers discovered the critical code vulnerability of one of the planned changes. On January 15, ChainSecurity reported that the EIP-1283 protocol, which was proposed to improve ways to monetize changes to stored data, could provide a loophole for intruders and lead to theft of user funds. Given this, the developers of Ethereum and related projects decided to temporarily put off hardfork in order to properly evaluate the problem and solve it. Among the participants of the meeting were the creator of Ethereum Vitalik Buterin, developers Hudson Jameson, Nick Johnson and Evan Van Ness, as well as product manager for Parity, Afri Shedon. The new date of ... Read more about " Constantinople update postponed. Again. " on coinatory.com

The New Zealand cryptocurrency exchange Cryptopia has been hacked and now conducts unscheduled maintenance of its systems. The announcement has just been posted on Twitter, which says that the losses are “significant”: https://twitter.com/Cryptopia_NZ/status/1085084168852291586 The exchange can not report the scale of the damage now. When you try to go to the Cryptopia website, the following message appears in front of users: It is worth noting that the first official tweet about the maintenance of the exchange dates back to January 13 and says: https://twitter.com/Cryptopia_NZ/status/1084705458533785601 Thus, we can assume that the stock exchange was hacked even earlier than January 14th. The first exc ... Read more about " Cryptopia exchange has been hacked with "significant losses" " on coinatory.com

The dreadful American regulator, the Securities and Exchange Commission (SEC), found itself in the unusual role of a victim. According to the lawsuit, the international criminal group managed to earn more than $ 4 million in securities transactions, thanks to the data stolen from the Commission. This is about hacking Edgar, the Commission"s database containing official information. According to the claimant, hackers illegally gained access to 157 messages from various companies containing information not intended for publication. The data stolen from the regulator was used to obtain unlawful benefits in operations with securities of these companies. SEC estimates the income received in this way at $ 4.1 million. In addition, the ... Read more about " Over $4 million earned on hacked SEC database " on coinatory.com

Cryptoderivations provider LedgerX has launched Bitcoin Volatility Index (LedgerX Volatility Index, LXVX), which will track indicators of options traded on the company"s platform by analogy with the VIX index of fear on the stock market from CBOE. At the moment, this tool is available on the company"s website and is not sold as a separate product. According to Juthica Chou, President and Head of LedgerX Risk Management, the volatility index reflects the expectations that the market forms, and this tool works in any market. With the "Bitcoin Fear Index", traders will be able to track risks and more effectively manage companies. For example, comparing LXVX indicators at the end of 2018 and the beginning of 2019, Chou noted that the ... Read more about " LedgerX Volatility Index, LXVX " on coinatory.com

Current cryptocurrency projects often face competition from their clones, and even Bitcoin has many “versions”. It seems that now the XRP lineup has come, as a digital asset has recently been introduced under the name “XRP Classic”. Yes, the title seems to be a problem. And most importantly, it is unclear what the XRP Classic asset itself is, and how it differs from the well-known Ripple XRP. Of course, reusing the XRP logo in the future can lead to discussions and controversies. This new project is unlikely to have been approved by Ripple or the XRP developers, which makes it appear rather suspicious. As stated on the project website, XRP Classic should be an industrial decentralized solution. Although the asset information cont ... Read more about " XRP Classic (XRPC) Project " on coinatory.com

Some situations in the crypto world can go as crazy as possible. Here"s a great example. Those responsible for the 51% attack on the Ethereum Classic blockchain returned $ 100,000 in ETC. According to the official blog of the crypto exchange Gate.io, on January 10, an anonymous hacker returned $ 100,000 in Ethereum Classic (ETC) cryptocurrency to this exchange company, without giving any explanation. White hacker performed 51% attack? The crypto exchange team Gate.io tried to contact a hacker (or organization), but their attempts were unsuccessful. Thus, the exchange could not get any explanation about the motivation of this incident. Now, Gate.io assumes that this campaign was aimed at pointing out the risks associated ... Read more about " Hacker returned part of ETC stolen during 51% attack " on coinatory.com

In January 2019, the hardfork Constantinople approved by Vitalik Buterin will take place in the Ethereum network, which has already been supported by many major exchanges, including Binance, Houbi, and others. Several new coins are expected to appear: Ethereum Classic Vision (ETCV)Ethereum Nowa Fork (ETN)ERC-20 BlueERC-20 Blue ERC-20 Blue It is worth adding that any of the listed projects is most likely a fraud created only for the purpose of obtaining money out of nothing. Ethereum Classic Vision (ETCV) The first hardfork, Classic Vision is to take place on January 11th. The developers of this symbiosis of Ethereum Classic and Bitcoin SV, the Bitcoin Cash hardfork, offer 3 ETCV coins for 1 ETH to all users after the ... Read more about " Constantinople and three other Ethereum forks " on coinatory.com

Chinese security firm SlowMist said it could soon locate the initiators of the recent 51% attacks on Ethereum Classic (ETC). In an article on Medium of January 9, SlowMist points to three wallet addresses and a hash of four transactions, due to which, presumably, a lengthy attack was launched on the ETC blockchain. The company also confirmed the data published Coinbase cryptographic. Both companies said that as a result of attacks that began on January 5 at 19:58 UT, there was a double spend. According to SlowMist, seven transactions were rolled back from the network in the amount of 54,200 ETC (almost $ 270,000). SlowMist also reported that the attacks have already stopped, and the last one was recorded at 4:30 am UT on January ... Read more about " SlowMist representatives are actively looking for initiators of the Ethereum Classic 51% attack " on coinatory.com

As of January 9, 2019, the number of confirmed daily transactions on the Bitcoin network (BTC) has risen to the maximum level for the last year. According to the blockchain.com service, now up to 319,000 operations are performed per day. On average, about 281,000 transactions are made in the main cryptocurrency network in one week. Approximately the same number of transactions was recorded in the middle of January last year. The largest number of transactions in the Bitcoin network was recorded in mid-December 2017. At that time, the number of confirmed daily operations on the BTC platform exceeded 490 0000. In January 2018, there was a recession, which led to a drop in the number of transactions to its lowest level in April. ... Read more about " The number of transactions in the BTC network has reached the maximum " on coinatory.com

Monero, one of the most popular cryptocurrencies among criminals is mined using malicious mining programs. A study by Universidad Carlos III de Madrid and King’s College London says that hackers were able to mine 4.32% of Monero out of the total amount of cryptocurrency in circulation using malware. Researchers Sergio Pastrana and Guillermo Suarez-Tangil stated: Overall, we estimate there are at least 2,218 active campaigns that have accumulated about 720K XMR (57M USD). Interestingly, just a single campaign (C#623) has mined more than 163K XMR (18M USD), which accounts for about 23% of the total estimated. This campaign is still active at the time of writing ... However, it remains unknown what proportion of hackers who ... Read more about " Almost 5% of Monero coins hackers mined with malware " on coinatory.com