CryptoDaily; TRON (TRX), John McAfee, Ripple, Bitcoin, Ethereum, Cardano’s [ADA]; July 12,2018
Security Chain: Shaping a robust Blockchain Security Ecological Chain
Ensuring end-to-end security is extremely crucial for the successful operation of any company big and small. Yet the very necessity becomes the pain point for companies and poses as the biggest existential threat if not addressed appropriately. Security attacks have occurred in smart contracts, consensus mechanisms, trading platforms, wallets, mining, and many more. Issues pertaining to digital asset security is the serious roadblock of the hour. According to statistics, since 2011, the cumulative loss of security incidents caused by Blockchain vulnerabilities has exceeded $2 billion. Read more
Cryptocurrency is on Lightspeed’s $1.8 billion startup investment plan
Lightspeed Venture Partners, a US based venture capital firm and an early investor in Snap Inc., has raised $1.8 billion to capitalize in startups. The US firm is planning to devote their investments in a range of industries like cryptocurrency, biotechnology, TV streaming services and cosmetics; and is keeping an eye on the geographic expansion of its businesses to Southeast Asia. Read more
John McAfee seeks boycott of major central bank as crypto firms get no relief
John McAfee, founder of McAfee Inc, lashed out at India’s central bank last week for its harsh stance on cryptocurrency firms and called for a boycott of all financial institutions that have business ties with the central bank.“The Reserve Bank of India (RBI) initiated this atrocity out of fear and won through the existing centralized power structure,” McAfee, a strong advocate for cryptocurrencies, tweeted on Thursday. Read more
Can Bitcoin overtake Berkshire Hathaway? This expert seems to think so
Although Bitcoin's price has seen quite a dive recently, an Australian crypto expert seems to think it could scale up to six-figures by 2023. Tom Waterhouse, one of Australia’s leading bookies, tweeted on Tuesday that a popular crypto expert bet A$ 8.5 million that Bitcoin’s price would overtake Berkshire Hathaway’s share price by 2023.Should his bet pay off, the punter could win up to A$1.2 billion. However, the stakes are high since the coin is currently wading through bearish waters. The virtual currency had seen its value peak to nearly $20,000 last year, but it has more than halved in the last six months, data from CryptoCompare showed. Read more
Coin Market Cap Joins Reddit, Will You Upvote?
Everyone who follows Cryptocurrency news knows that Coin Market Cap is an indispensable tool and so is reddit. Now the information hub has created its official subreddit to make it easier for members to gather data from various exchanges.
“We will be posting updates and having more conversations with you here about crypto, market caps, how the market is doing, product improvements, feedback surveys, etc – our team is excited to be able to talk to all of you directly.” Read more
Ethereum’s co-founder Joe Lubin: ‘We’re Moving Towards a World of Decentralized Governance’
At the Rise conference in Hong Kong, the leading industry icons were gauged in on the major implications of cryptocurrencies for - and beyond - the global economy. Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong were the participants in the panel. Read more
Can Cardano’s [ADA] new proof of stake protocol reverse downtrend?
Charles Hoskinson, CEO of blockchain firm IOHK behind Cardano [ADA], seems to believe that his company’s new algorithm to verify transactions is secure enough to safeguard investments.Ouroboros Genesis is a new proof of stake algorithm to secure transactions on its blockchain, but it addresses previous concerns of security. According to a research conducted by IOHK, the security shown by Ouroboros Genesis is comparable to that of Bitcoin’s blockchain, which has not been compromised to date. Read more
Why Canada sees Bitcoin as an investment?
Bitcoin has recently become more of an investment rather than merely being a transaction for its users in Canada. The interesting turn of event was highlighted by the Bank of Canada in its ‘2017 Bitcoin Omnibus Survey (BTCOS)’. Coinsquare tweeted about it, stating: “Ownership of #Bitcoin nearly doubled in #Canada from 2016-2017. According to a #BankofCanada survey, in 2016 people bought for transactions. In 2017, they bought for investment.” Read more
Bitfinex finishes TRON (TRX) migration to its “proprietary network”
Bitfinex has made an announcement about the completion of its migration with TRON (TRX), a blockchain based decentralized protocol that aims to tailor a global free content entertainment system, utilizing blockchain technology. Bitfinex made the announcement both on its website and Twitter yesterday. Read more
Ripple recruits Facebook Payments Executive to carry out a Pivotal Role
The San Francisco-based blockchain company Ripple announced the hiring of Kahina Van Dyke on Wednesday as the new Vice President of Business and Corporate Development. She recently worked as Facebook’s global payments director, as its new senior vice president of business and corporate development.According to sources Van Dyke is also a board director for Progressive Insurance and has served in key roles for Mastercard and Citibank. Read more
Monero mined using visitor’s CPU: Torrent’s Pirate Bay warns its users
The world’s most popular Torrent site, Pirate Bay (TPB), has resumed using visitors’ processing power to mine Monero (XMR). In a recent disclaimer added to their official website's homepage reads"by entering TPB you agree to [monero] being mined using your CPU. If you don't agree please leave now or install an adBlocker."In September 2017, the torrent site has been found to be secretly planning to implement an in-browser crypto miner on their official website. The Pirate Bay confirmed that they conducted a one-day trial to test out mining Monero using visitors CPU’s. Read more
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