Coinatory

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