Tag: commentary

On June 7, 2018, User WeaponizedMath reported on Reddit that our site BTCManager was serving a phishing popup that only affected the users of MetaMask browser plugin. We were able to resolve the issue within 24 hours of the report. PSA: BTCManager.com is running MetaMask phishing software from ethereum For more info on what Phishing, we recommend the wiki article. Moreover, we…

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In its latest warning about the burgeoning cryptocurrency sector, the Bank of International Settlements (BIS) stated on June 17, 2018, that cryptocurrencies are not scalable and “are likely to face a breakdown in trust” as the number of people using digital currencies increases. Other concerns revolve around their inherently self-limiting design flaws, and the fact that they can neither handle…

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Academic Saifedean Ammous recently published a book called “The Bitcoin Standard.” In it, Ammous discusses the history of money and other mediums of exchange, the relationship between economics and various aspects of society, and explores what constitutes “good” money, drawing heavily from the Austrian school of economics. Most importantly, Ammous discusses why bitcoin may be able to provide a viable…

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The United States Central Intelligence Agency (CIA) has stated that it is not willing to confirm or deny rumors alleging that it knows the true identity of the elusive Bitcoin founder Satoshi Nakamoto. The Search for Satoshi The statement was made in response to a Freedom of Information Act (FOIA) request made to the agency by Vice News reporter David…

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While EOS launched their mainnet on June 14, 2018, alarming statistics recently emerged when it came down to the EOS Block Producer elections. Community Speaks out According to the EOS Reddit Community, Reddit user 8ce26f noted that Bitfinex received 50 percent of their votes from four large whales. To ensure that his data source and collection was reliable and valid,…

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While Bitcoin and cryptocurrencies are regarded as forward-thinking innovations by many, bad actors, have found various illicit uses for virtual currencies, such as money laundering and drug and sex trafficking, giving critics a reason to call out the sector. Sanitizing the Cryptocurrency Sector On June 11, 2018, U.S Congressman Juan Vargas introduced a draft law titled the “Fight Illicit Network…

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Binance CEO, Founder, and Crypto Billionaire Changpeng Zhao reassured followers on June 9, 2018, that he’s not worried about the recent crypto price slides. Through a series of posted images, the industry giant demonstrated his belief that the crypto markets undergo the same pattern almost every year, followed by coinciding meteoric rises. The End of the Markets, or Just a…

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Carbon Black, a predictive cloud security service, recently published a report demonstrating that $1.1 billion worth of cryptocurrency-thefts occurred in the last six months. Security Experts Weigh in Unfortunately, most of these thefts came from an attack on a cryptocurrency exchange or business. TechWire mentioned that hackers often hide malware on websites or weak infrastructure especially on cryptocurrency exchanges with…

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In day two of the BCI Summit, panels continued the discussion about how best to get in the way of all this tokenized money. A few speakers also discussed what investors should do to protect their digital assets best. Marketing and Security The first point was made most clear via a marketing discussion between Victor Park, the president of Alternative…

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Erik Voorhees, CEO of cryptocurrency exchange Shapeshift, called on finance industry regulators to embrace cryptocurrencies as a competition to the existing financial system, instead of viewing the asset class as a threat to be controlled.  “Most Regulation Is Superfluous” In an interview with Bloomberg, Voorhees spoke on a range of issues within the cryptocurrency sector, including regulation, competition and the future…

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