What Happened to Mt. Gox? History of the Bitcoin Exchange

@AP: A Japanese high court upholds a lower court's decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. https://t.co/nIIZBPztnn

@AP: A Japanese high court upholds a lower court's decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. https://t.co/nIIZBPztnn submitted by -en- to newsbotbot [link] [comments]

Head of Failed Japan-Based Bitcoin Exchange Mt. Gox Arrested in Tokyo

submitted by tempurababy to dogecoin [link] [comments]

U.S. creditors of Mt. Gox Co., the bankrupt Tokyo-based bitcoin exchange, asked a U.S. judge to approve a proposed settlement that would restore the company as a going concern, return money to depositors and resolve claims against some company executives.

U.S. creditors of Mt. Gox Co., the bankrupt Tokyo-based bitcoin exchange, asked a U.S. judge to approve a proposed settlement that would restore the company as a going concern, return money to depositors and resolve claims against some company executives. submitted by madazzahatter to Bitcoin [link] [comments]

Mt. Gox faced questions on handling client cash long before crisis: Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs

submitted by oshunsmall to business [link] [comments]

@AP: Head of failed Japan-based bitcoin exchange Mt. Gox facing trial in Tokyo on embezzlement charges. https://t.co/KBS4pgcPcQ

@AP: Head of failed Japan-based bitcoin exchange Mt. Gox facing trial in Tokyo on embezzlement charges. https://t.co/KBS4pgcPcQ submitted by -en- to newsbotbot [link] [comments]

Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.

Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved. submitted by madazzahatter to japannews [link] [comments]

Tokyo-based Mt. Gox website disappears amid huge Bitcoin theft claim.

Tokyo-based Mt. Gox website disappears amid huge Bitcoin theft claim. submitted by madazzahatter to japannews [link] [comments]

Failed Tokyo-based bitcoin exchange Mt. Gox said the Tokyo District Court has rejected its application for bankruptcy protection under the Civil Rehabilitation Law.

Failed Tokyo-based bitcoin exchange Mt. Gox said the Tokyo District Court has rejected its application for bankruptcy protection under the Civil Rehabilitation Law. submitted by madazzahatter to japannews [link] [comments]

U.S. creditors of Mt. Gox Co., the bankrupt Tokyo-based bitcoin exchange, asked a U.S. judge to approve a proposed settlement that would restore the company as a going concern, return money to depositors and resolve claims against some company executives.

submitted by madazzahatter to news [link] [comments]

Japan’s government said Bitcoin isn’t a currency amid calls for its regulation a week after the bankruptcy of Mt. Gox, the Tokyo-based exchange that was once the world’s biggest.

Japan’s government said Bitcoin isn’t a currency amid calls for its regulation a week after the bankruptcy of Mt. Gox, the Tokyo-based exchange that was once the world’s biggest. submitted by madazzahatter to japannews [link] [comments]

Major Tokyo-based bitcoin exchange Mt. Gox goes dark | Al Jazeera America

Major Tokyo-based bitcoin exchange Mt. Gox goes dark | Al Jazeera America submitted by ravendon to allthingsnews [link] [comments]

Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as the price of revolutionizing global finance.

Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as the price of revolutionizing global finance. submitted by madazzahatter to japannews [link] [comments]

U.S. creditors of Mt. Gox Co., the bankrupt Tokyo-based bitcoin exchange, asked a U.S. judge to approve a proposed settlement that would restore the company as a going concern, return money to depositors and resolve claims against some company executives.

U.S. creditors of Mt. Gox Co., the bankrupt Tokyo-based bitcoin exchange, asked a U.S. judge to approve a proposed settlement that would restore the company as a going concern, return money to depositors and resolve claims against some company executives. submitted by madazzahatter to japannews [link] [comments]

Daily analysis of cryptocurrencies 20191005(Market index 31 — Fear state)

Daily analysis of cryptocurrencies 20191005(Market index 31 — Fear state)

https://preview.redd.it/oly12rv9rqq31.png?width=1500&format=png&auto=webp&s=6667e09b78b0edc6dc3b411e5f96bba36f4a6430

Attorney General Barr Signs Letter To Facebook From US, UK, And Australian Leaders Regarding Use Of End-To-End Encryption The Department of Justice published an open letter on October 3 to Facebook from international law enforcement partners from the United States, United Kingdom, and Australia in response to the company’s publicly announced plans to implement end-to-end-encryption across its messaging services. The letter is signed by Attorney General William P. Barr, United Kingdom Home Secretary Priti Patel, Australia’s Minister for Home Affairs Peter Dutton, and Acting Homeland Security Secretary Kevin McAleenan. Addressed to Facebook’s CEO, Mark Zuckerberg, the letter requests that Facebook not proceed with its end-to-end encryption plan without ensuring there will be no reduction in the safety of Facebook users and others, and without providing law enforcement court-authorized access to the content of communications to protect the public, particularly child users.
Coincheck Launches New Service That Rewards Gas Users With Bitcoin In an attempt to bring crypto to the mass audience, Japanese crypto exchange Coincheck inked a partnership deal with E-net Systems to reward gas users in the Tokyo Gas area, the company announced Oct 4. Under the partnership agreement, the two companies will start offering Coincheck Gas with two crypto-related plans for its customers. The gas service by the crypto company will offer a Bitcoin Rewards Plan under which customers will receive Bitcoin as rewards for the usage of gas. In addition, customers can also pay their gas bills using Bitcoin under the Bitcoin Payment Plan.
Libra Association: 1500 Entities Have Indicated Enthusiastic Interest To Join Libra After PayPal announced to withdraw their support for Facebook’s Libra cryptocurrency, Libra posted a series of tweets in response to the striking news. Libra Association tweeted: “Building a modern, low-friction, high-security payment network that can empower billions of financially underserved people is a journey, not a destination. This journey to build a generational payment network like the Libra project is not an easy path.” “We recognize that change is hard, and that each organization that started this journey will have to make its own assessment of risks and rewards of being committed to seeing through the change that Libra promises,” they continued. The final tweet read: “We look forward to the first Libra Council meeting in 10 days and will be sharing updates following that, including details of the 1,500 entities that have indicated enthusiastic interest to participate.”
Prysmatic Labs Team Unveils Updates On The Ethereum Serenity Roadmap Prysmatic Labs team has unveiled biweekly updates on the Ethereum Serenity roadmap via Medium. According to the article, the testnet has been restarted for everyone to experience staking and becoming a validator. This testnet includes beacon chain spec v0.8.4, various performance improvements, faster BLS paring library, new syncing strategies and more RPC end point support.
Japan: Using Virtual Currency To Make Donations To Politicians Is Legal Citing Yomiuri Shimbun, the Japanese Ministry of Internal Affairs and Communications, a cabinet-level ministry in the Government of Japan, indicated that the use of virtual currency to donate to politicians is not illegal. According to Japan’s Political Fund Control Law, it is prohibited to conduct donations to politicians in principle, but virtual currency is not in the category of “money and securities” which are covered by law.

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network. BNB/Binance Coin: The Binance Coin (BNB) Oasis Game Hackathon will be held on October 5th in Bangalore, India, and will be hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”
https://preview.redd.it/jfxnwvgcrqq31.png?width=473&format=png&auto=webp&s=6adc6ab9f1c8a5f14874041d1e57a6721b8023b3

On the chart, we can see that the price made a break of the lower resistance boundary of the “triangle with a flat bottom” formation in the zone of $9560–9580. At the same time, 157 SMA was broken, which confirmed the dominance of sellers. Now the price is trading around $8100–8250, at the border of the resistance of descending channel. Consolidation of the price indicates the current period of accumulation, interest of buyers and a potential return to the upper boundary of the descending channel to $9100–9200 zone. After the middle of the month, the price may rebound from the support level of the descending channel and return to the area of $​​8900–9300, where there is a strong resistance. Also, the other day, the level of 8200 was traded and once again protected. The common mood is to fall, and we know that often the market goes against the majority. A lot of people are in shorts and this is an excellent point for growth (their stops and liquidation of positions, as was the case recently with longsters)
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The end of BTCs starting point - a rundown of MT Gox

Today's stop, and possible collapse, of the Mt. Gox exchange might or might not show to be the start of completion for Bitcoin - however to obtain Winston Churchill's expression, it is definitely completion of the start.
Mt. Gox had actually currently lost its location as the leading Bitcoin exchange prior to the dirty chain of occasions that led the Tokyo-based website to close down. An obviously dripped internal file shows that the website might have been the victim of a significant theft, in which maybe more than $300 million worth of Bitcoin "vanished" from the exchange's accounts. I put "vanished" in quotes since, naturally, Bitcoin has no physical symptom.
Bitcoin exists just as the item of a computer system algorithm whose origins are unidentified and whose supreme function is uncertain. It has actually drawn in a diverse collection of users, consisting of people who wish to keep doubtful transactions personal, individuals who might wish to keep part of their wealth concealed from authorities who have access to standard monetary accounts, and end-of-the-worlders who believe civilized society is on the highway to hell which for some factor they will be much better off owning bitcoins when all of us show up there.
Bitcoin lovers like to call it a digital currency, or cryptocurrency since of its encrypted nature. However it is clear now, amidst the wild variations in Bitcoin's cost, that it is not a real currency at all. It is truly a product whose rate varies according to its quality and according to provide and require.
Since today, there are 2 grades of Bitcoin. Among the Mt. Gox range, which no one can access while the website is down and which might no longer really exist at all, deserved just about one-sixth of every other bitcoin the other day.
Some individuals are constantly ready to provide worth, albeit not quite worth, to gamble on a perhaps useless property. This is why shares of business that are clearly ready to fold can trade for a cost higher than absolutely no. However a minimum of we understand the shares exist, whether in concrete or intangible type, and there are federal government authorities offered to guarantee their credibility, if not their worth. Bitcoin, sponsored by no federal government and disallowed by some, has no such support. Ask any Mt. Gox user today whether that is a plus, as bitcoin holders have actually heretofore preserved. (Authorities from Tokyo to New york city are currently penetrating the Mt. Gox collapse, and some sort of follow-up action promises.).
Real cash serves 2 functions: as a shop of worth and as a circulating medium. Bitcoin so far gets just reasonable marks as a cash, because there are just a minimal variety of locations where you can easily invest it. You can switch your (non-Mt. Gox) bitcoins genuine cash, however you can do the very same with any other product, like diamonds or Hondas. Diamonds and Hondas deserve cash, however they aren't cash.
Bitcoins entirely fail the shop of worth test since their wild cost changes do not shop worth; depending upon blind luck, they either develop or ruin it. Gathering bitcoins is hypothesizing, not conserving. There is a huge distinction.
Bitcoin does deal with specific real-world problems, such as the in some cases outrageous expense of exchanging currencies and the troublesome nature of the modern-day banking system, which is loaded with policy to attempt to avoid whatever from insolvency to cash laundering to identity theft. However the guidelines exist due to the fact that insolvency, cash laundering and identity theft exist, too. As Mt. Gox clearly highlights, a system without such safeguards is susceptible to produce issues a lot more major than the ones it professes to fix.
The Mt. Gox ordeal may or may temporarily reverse bitcoin advertising networks revenue streams. We will not understand prior to we understand what took place in those computer systems in Tokyo. The crisis should, nevertheless, strip whatever is left from the veneer of security that Bitcoin's expected cryptosecurity was expected to offer. Bitcoin disappears protected than the structure that is constructed to hold it. Doing not have all the backstops that have actually progressed in time in the standard monetary system, that is not protect at all. Either we recreate those backstops in the Bitcoin world, in which case we need to question why we troubled with Bitcoin in the very first location, or we live precariously without them.
There will constantly be individuals who do not rely on banks and the federal government to protect their cost savings. They utilized to pack money into bed mattress. Perhaps some will continue to utilize Bitcoin rather. My own guess is that Bitcoin's opportunity of ending up being a traditional kind of payment, like debit cards or PayPal, is practically no. This might not be the start of Bitcoin's end, however we have actually certainly seen completion of the start.
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Daily analysis of cryptocurrencies 20191011(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191011(Market index 39 — Fear state)


US Department Of Homeland Security Underlines Importance Of Blockchain Implementation William Bryan, acting undersecretary for science and technology at the Department of Homeland Security, has said that his office is working with DHS components to implement blockchain to ensure system interoperability and mitigate vendor lock-in. According to Bryan, letting government and industry continue implementing closed digital platforms would limit the growth of new technologies like blockchain, which can help increase visibility in supply chain operations, automate paper-based procedures. and prevent cases of fraud.
Thailand’s First Regulated ICO Portal Targets $98M Token Offering SE Digital, a subsidiary of major financial services firm Seamico Securities, has been confirmed as the first initial coin offering (ICO) portal operator to be approved by Thailand’s securities regulator. According to an Oct. 11 report from The Bangkok Post, SE Digital plans to launch Thailand’s first investment token, with a target transaction size of 2–3 billion baht or roughly $65,800,000-$98,700,000. Moreover, Seamico Securities’ strategic investor, Elevated Returns, has reportedly applied to the Thai Securities and Exchange Commission (SEC) for a Digital Assets Exchange License to launch a new trading venue that would provide a secondary market for such tokens by 2020.
“Erasing” ETC At Any Point In Future Is Highly Destructive, Says Ethereum Co-Founder Vitalik Buterin Vitalik Buterin, the co-founder of Ethereum, tweeted: “ETC people seem to think that PoS and sharding are net detriments. So I don’t see how that constituency can be served by ETH 2.0, hence ‘erasing’ ETC at any point in the future seems like a highly destructive move on all fronts.”
Tether Has Newly Issued 20 Million USDT Citing information from DAppTotal.com, at 20:07 UTC on Oct 10, Tether issued 20 million USDT on the Ethereum network at block height 8716062. The transaction hash is: 0x753af2551367b905a4bcf115c7042c2c8641f85669cff9db6f0e62da55c6d0e1. As of now, Tether has totally issued 2,023,993,042 ERC-20 USDT tokens on the Ethereum network.

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.” Aragon (ANT): 11 October 2019 Osaka DAO Party “We are excited to invite you to our @EFDevcon Aragon Dream DAO Party — DAICO Edition in Osaka on the evening of October 11th!” BitTorrent (BTT) and 1 othe: 11 October 2019 Airdrop “On October 11th 00:00 UTC we will initiate our ninth $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT!” Zilliqa (ZIL): 11 October 2019 Dev Call “The Aztec Protocol team will be joining our 4th Dev Call this Friday at 2pm EST. We will be having interesting conversations about FOAM (FOAM): 11 October 2019 Osaka Happy Hour “Join FOAM and @3boxdb for a #DevCon Happy Hour in Osaka this Friday at Runway lounge.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th. BLAST (BLAST): 12 October 2019 (or earlier) Masternode & Assets “Masternode functionality and versionbits signalling for Assets will become active on the BLAST network at block height 1710000.”

Encrypted project calendar(October 13, 2019)

LINK/ChainLink: ChainLink (LINK) will be held in Tokyo on October 13th by a collaboration between QuarkChain, bitgrit, Chainlink and Vechain. Veros (VRS): 14 October 2019 Launch of News Service “Launch of the VEROS NEWS service.”

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th. OTOCASH (OTO): 15 October 2019 Escodex Shutdown “ All OTO HOLDERs who have assets on ESCODEX EXCHANGE to immediately withdraw your assets before October 15th, 2019 4:00 PM” (CRYPTO): 15 October 2019 Hard Fork Summit Hard Fork Summit 2019 by TNW . “Where finance and business meets tech.” Amsterdam, October 15–17.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.”

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

BTC — The BTC continues to oscillate slightly from yesterday to today and is currently hovering around $8,300. In the past 24 hours, the net inflow of BT funds is close to US$200 million, and the market inflow is gradually shrinking. BTC tried to keep going up after breaking through $8,500 yesterday, but failed to keep its volume steady at $8,600. It rebounded slightly after pulling back to $8,500 last night, but the overall risk of diversion remained high, with the focus on the second support around $8,400 below. In the medium-term trend, BTC has successfully broken through the bottom shock range, and the subsequent market continues to be bullish. Operational aspects, short-term should not catch up with high, investors who have not had time to enter the temporary patience to wait, withdrawal near the support level can be considered to continue to build warehouses.
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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Bitcoin prices fell sharply overnight, sliding as much as 22% to $480, after Hong Kong-based digital currency exchange Bitfinex said hackers stole 119,756 Bitcoins (COIN, OTCQB:BTCS), or about $65M at current prices.

The attack was reminiscent of a similar breach at Mt. Gox, a Tokyo-based Bitcoin exchange forced to file for bankruptcy in early 2014 after hackers stole an estimated $650M worth of the digital currency.
submitted by ArthurJMunoz to investing [link] [comments]

My recent wire experience

Want to relay my recent experience to help other canucks entering the cryptocurrency scene. I wanted to invest 100K in both main coins and some alt coins. Depositing that amount can’t be done using ETF/bank-transfeetc. – the only reasonably quick way is to wire funds. For wires, most exchanges have a percentage based deposit fee – something that makes absolutely no sense to me. Whether you wire 1K or 1MM, the amount of work for the exchange is identical, so it should be a flat fee. Deciding on an exchange is more complicated than that though: each one has their own rules for minimums/maximums, trading fees, supported coins, holding periods, and withdrawal fees. They also can vary greatly on the amount of time verification takes. One thing to note is that pretty much all exchanges don’t charge a fee for inbound crypto transfers.
2 months ago I signed up for 10 exchanges (Coinbase/GDAX, Binance, Coinsquare, Kraken, ezBTC, QuadrigaCX, Bitfinex, Gemeni, Bittrex, Poloniex) and was verified on 7 of them (I’m still in queue for Gemeni, Bittrex, and Poloniex). Verification times gave me what I thought was a decent indicator of the level and quality of support I would receive.
Of these exchanges, some have what I believe to be relatively high trading fees (Gemeni .25%, Bittrex, .25%, ezBTC .30%, QuadrigaCX .50%) vs lower maketaker fees (GDAX 0/.3%, Binance .1/.1%, Gitfinex .1/.2%, Coinsquare .1/.2%, Kraken .16/.26%). Still others have high percentage based wire fees. And finally, there’s a big disparity between withdrawal fees: free on some exchanes, vs fixed rate based on the coin for others, vs Coinsquare’s insane fixed 0.0025 BTC regardless of what coin or the amount being withdrawn.
So here are some observations on the exchanges. Please note that the below is not a reflection on any of the people who work at the exchanges. I’m sure they are working as hard as they can and are doing their best. It’s just my experience. It’s also not financial advice. Also, I’m only human so feel free to offer corrections or better advice.
Coinsquare: amazingly fast verification time, and for very large deposits seems to likely be the best option as they will let you speak to a human being by phone and will waive the deposit fee (I didn’t know this until later though). I excluded them because of their high 0.5% percentage based deposit fee and their crazy high withdrawal fee. They also only have support for 6 coins.
QuadrigaCX: I had a terrible initial experience with QuadrigaCX’s support, so I immediately excluded them. They have high trading fees and there are many complaints of support tickets being ignored or having extremely lengthy wait times. They have a crazy high 1% percentage based CAD wire fee, but offer free USD wires. Note that they only support wires for large amounts.
GDAX/Coinbase: Loads of good reviews, but only has support for 4 coins. Seems like they also don’t have a fee for crypto withdrawals. You also can’t seem to wire CAD or USD funds directly to GDAX. I think you may have to wire USD funds to Coinbase and then transfer them over to GDAX (for free).
Kraken: I created an account but the verification page just appeared blank for me. After a few days, their support team got back to me telling me that they had a bug and that I needed to create a new account using a different email address and try again. That worked. I decided to use them as they seemed like the best all-around alternative. I was impressed with their support response (they gave me an answer that worked and responded in days as opposed to weeks), they offer a no-fee inbound CAD wire, support 16 coins, and have low (though not free) crypto withdrawal fees. They have also been around a while and have a good reputation (They were picked to handle MtGox claims). Wiring funds to them was a hair-raising experience though. You basically need to send your funds to an unknown bank in Tokyo, Japan. Kraken also has two slightly different sets of wire instructions: one that is on their website, and the other that their support folks send out. Only one of them mentions that you should tell your bank not to use an intermediary that will convert your currency. If you do things properly, and are lucky, you end up only paying ~$40 in fees. But chances are, you don’t, and end up paying 4%! (see https://www.reddit.com/BitcoinCA/comments/7rd6k8/fees_when_sending_to_krakencom/). You also have no idea how much the fees will be until the money finally shows up in your account. That’s tremendously unsettling. Luckily my bank branch manager was familiar with crypto currency wires and helped me do things properly. But, the wire took over 2 weeks to show up (Jan 18th), and Kraken support is so overloaded that they didn’t’ respond, despite me escalating my support ticket several times. I eventually had to resort to a reddit post to get a response to my support ticket. I gave support my wire receipt and answered lots of additional questions to help them try to “locate” it. Perhaps the worst part of my entire experience was that while my wire was being located, the entire crypto market tanked by 50%...and no one would respond to my support ticket…I felt helpless. A Kraken support rep a few days ago said that they are handing >50K new user registrations per day and have >20K new support tickets per day. I feel they should turn off new user registrations until they are capable of servicing existing customers. This is what their competitors have done. I found it disheartening to learn that the only way to get a response to my support ticket was to complain via social media --- many others have found the same. While I was waiting for my wire to appear Kraken had a >48h outage. Prior to the outage, the site was almost unusable as you’d receive constant 50x errors (I found this out prior to wiring my funds). After the outage, I find that their site is still barely usable. Pages take 10-15 seconds to load and when they do load many times they display errors so you have to continually retry until things work. At the end of the day though, they did come through for me: my wire arrived safely. So with my funds in Kraken, I tried to use them to purchase crypto. But no matter what I tried, none of the CAD dollar trading pairs would appear. I logged out and back in a few times and 15 minutes later, it suddenly started appearing. With the flakiness in Kraken’s platform, I had no choice but to transfer everything to a more stable and faster exchange:
Binance: These guys have their shit in order. Super simple site navigation once you get used to it, fast verification times, blazingly fast website and trading engine, more than 50 coins supported, etc. But, they don’t support fiat – you must use one of the other exchanges to buy crypto with fiat and then transfer in your crypto. Gotta say it again: everything is super fast. Not just the page loads, but also trading, email confirmations, and withdrawals. Trading takes a bit of getting used to as you aren’t really buying or selling crypto…you are instead “trading” one crypto coin for another. Depending on the coin you want to purchase, you might have to trade your coin for BNB (binance’s own coin) and then trade BNB for the coin you desire.
Be Your Own Bank: One final word of advice. Binance is awesome, but don’t trust anyone as despite everyone’s best intentions: no matter how secure a platform is, it can and will be hacked. As soon as you have done your shopping, transfer your coins off to your own wallet. This is why withdrawal fees are important.
You might be asking: in hindsight, if I had to do it all over again, what would I do differently? To wire CAD funds I would try to use Coinsquare if it’s a big amount (after re-reading other people’s recent reviews). For USD wires, I might try using Gemeni, but I still haven’t been verified by them and have been waiting for almost 2 months. Before using either I would re-test how long it takes for a support ticket to be responded to. If you do wire funds, don't wire an exact round amount like "10,000.00", instead I would wire "10,070.45" so that it's easier to locate if things go wrong. Once the account has been funded I wouldn’t hesitate to transfer everything to another exchange if I wasn’t happy with the platform, the number of coin offerings, or quality of service I was receiving: you can always come back when things improve.
Things change so quickly so not sure how helpful this will be…just wished I had known some of the above before starting.
submitted by ignacvucko to BitcoinCA [link] [comments]

We already know this but oh well, thought it was interesting for the theorists (more statements about cold storage/M.GOX/customer trust)

"Since its inception, the company’s pillars revolve around the key issue facing the industry today: security. The company says it employs some of the most advanced security measures in the industry, including Cold (i.e. offline) Storage for a majority of bitcoins within its system, advanced encryption, custom operating systems and software, and a partnership with CloudFlare, a leading online security firm."
"The timing of the December 2013 launch proved fortuitous in an unexpected way. In February 2014, Tokyo-based Mt. Gox, the world’s largest Bitcoin exchange, fell victim to hackers, leading to estimated losses in the range of US$400-million."
“It changed the dynamics of the industry,” Cotten says. “Since then the biggest exchanges are in Slovenia and Russia. As a result, we’re seeing more business from clients who don’t want to rely on a foreign entity. People like the fact we’re located in Canada and know where their money is going.”
I find it interesting how the talk about M.GOX led him to make a statement that people would be more comfortable using a Canadian exchange because they'd know where there money was going, obviously that may not have been the case, makes you wonder if this trust/vulnerability was considered as early as 2014 or earlier if this was a ponzi scheme.
http://www.marketonemediagroup.com/tag/gerald-cotten/
submitted by SeanTStormX to QuadrigaCX [link] [comments]

Hot News for the 3rd Week of March

Hot News for the 3rd Week of March


[58COIN] The digital currency market showed signs of recovery last week. BTC broke through 4,000 many times, and ETC stepped out of the trend of rising against the trend. In terms of policies, Beijing Internet Finance Industry Association emphasized again the prevention of illegal financial activities in the name of virtual currency; Switzerland's adjusted the existing cryptocurrency supervision legislation; users can send XRP via email, which is a breakthrough to the existing transfer methods. The 58COIN market was included in the Korean Coinhills and Japanese BigOne, showing that the popularity of 58COIN in Japanese and Korean markets is also increasing.
2. The Overall Performance of Digital Currency in the 3rd Week of March


Last week (until March 22), the digital currency market was relatively stable, major currencies except ETC dropped slightly. Last week, BTC broke through 4,000 many times, and to the highest of 4,067.16. In terms of total market capitalization, it continued to fluctuate between $130 billion and $140 billion last week, which was relatively stable. As the market was normal during the week, the 24h volume was also maintained at around $30 billion.
2. Hot News
1) Beijing Internet Finance Industry Association: Prevent Illegal Financial Activities in the Name of Virtual Currency
Beijing Internet Finance Industry Association issued the “Risk Tips on Preventing Illegal Financial Activities in the Name of “Virtual Currency”, “ICO”, “STO”, “Stable Currency” and Other Variants” in the official website. The article said that the association reminded again the relevant risks as follows: 1) All relevant agencies and individuals in Beijing shall strictly abide by the national laws, and jointly resist and prevent illegal fundraising and dissemination activities in the name of "virtual currency", "blockchain", "ICO", "STO" "Stable Currency" and other variants. 2) Be vigilant against criminals to issue tokens in the name of IFO, IEO, etc., or conduct virtual currency speculation in IMO mode in the name of “Shared Economy”, “Token Economy”, “Crowd Funding”.
2) Facebook Confirmed its Exploration of Various Blockchain Applications
Recently there have been reports that Facebook is developing its own cryptocurrency. Facebook responded: "Like many other companies, Facebook is exploring ways to apply blockchain technology. A new team is exploring many different applications and is hiring a business consultant." Insiders said that Facebook can use its own cryptocurrency to fight fake news.
3) Tokyo District Court Issued an Investigation Report on MT.GOX Bankruptcy Protection Application
On March 20, the Tokyo District Court issued an investigation report on Mt.Gox bankruptcy protection application. It said, the cash deposit of Mt.Gox was 69.55 billion yen until March 19, of which 15.89 billion yen were trust assets; Mt.Gox had 142,000 BTC and 142,000 BCH. The court will continue to investigate the creditors of the exchange. In addition, the operator of the exchange and the bitcoin fraud suspect, Alexander Vinnik was still detained in Greece for alleged fraud and laundering bitcoin of up to $4 billion.
4) Swiss Federal Counsel Approves the Proposal for Cryptocurrency Regulation
According to Cointelegraph, the Swiss Federal Assembly has approved a proposal, instructing the Federal Council to adjust the existing cryptocurrency regulatory legislation, including existing provisions of judicial and administrative procedural documents, to make these provisions are also applicable to cryptocurrencies. The bill aimed to determine how to contain the risks associated with cryptocurrencies and whether entities operating encrypted trading platforms should be equated with financial intermediaries to accept financial market regulation.
5) The Korea Billiards Foundation Will Use Blockchain Technology in Professional Leagues
According to Crypto News, the Korea Billiards Foundation (KBF) will turn to the blockchain technology for a solution in Billiards Professional League held in June this year to ensure tamper-proof rulebooks and scoring systems. As the widespread confusion about scoring and rules has been the “biggest obstacle” to the game’s development in South Korea. After using this solution, the entire country will adopt uniform scoring standards and rules to prevent individual referees from using guesswork to determine the outcome of key contests.
6) Technology Upgrade - Send XRP via Email
According to Oracle Times, an independent developer known as SchlaubiD is integrating the XRP Tip Bot’s API into the mainstream email app as an add-on. This allows users to send XRP to anyone they want via email, even if the receiver doesn’t have an XRP address. The add-on is currently up and running on Outlook 2016, with support for Office 365 in the works. SchlaubiD says he will also explore bringing similar functionality to Gmail via an extension.
7) Shenzhen Issued Blockchain Electronic Invoices with a Total Face Value of Over 1.3 Billion Yuan
According to Xinhua News, the tax bureau in Shenzhen and tech giant Tencent announced that blockchain-based invoices have been introduced to the city’s transport system, including the metro, taxis and airport shuttles. The service is now widely used in finance, retailing, catering and hospitality in Shenzhen. Data from Tencent showed its blockchain platform had issued invoices with a total face value of over 1.33 billion yuan for transactions in the city.
8) Ethereum’s Istanbul Hard Fork is Expected to go Live in October
According to AMBcrypto, during the recent Ethereum core dev meeting, the first topic of discussion was Istanbul hard fork roadmap. At the meeting, it was clarified that the team would move ahead with the roadmap created by Afri, a former member of the Ethereum Foundation. According to Ethereum wiki, the Istanbul upgrade is likely to go live in October 2019. The first step would be the CoreDev meeting, which is supposed to take place in Berlin in April 17, 2019. The deadline for the acceptance of all the proposals for the Istanbul hard fork will close within a month of the meeting. July 19 would be the appropriate soft deadline for major client implementations, and August would see the hard fork go live on Ethereum’s testnets, Ropsten, Gorli, or ad-hoc testnet.
9) The 58COIN Market was Included in the Korean Coinhills and Japanese BigOne
The 58COIN market has been included in the Korean Coinhills and Japanese BigOne. Among them, Coinhills is committed to Korea's "Bloomberg" and BigOne is the third-party virtual currency tool platform with the largest number of users in Japan. Steven, the Operations Director of 58COIN, said, “This is an active inclusion of overseas platforms and has been included for a long time. Japan and South Korea are also two of the overseas markets that we attach great importance to. The platform supported five languages including Japanese, Korean, English, Russian, Chinese since the establishment.”
Website: https://ww.58coin.com/
Facebook: https://www.facebook.com/coin.58COIN
Twitter: https://twitter.com/58_coin
Telegram: https://t.me/official58
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

DAEX: Building A Clearing House For The Future Of Cryptocurrencies

DAEX is a decentralized clearing and settlement ecosystem based on Distributed Ledger Technology [DLT], and functions as a bridge for connecting different centralized exchanges. DAEX also acts as a custodian for multiple digital assets. The wallets used by DAEX boasts multi-level encryption, and complete transparency of the platform itself to allow for clear accounting information.
This is in contrast to centralized exchanges, with many hacks occurring on them since the attack on the biggest Bitcoin exchange at the time known as Mt. Gox. Other significant hacks include the one on Bithumb, and Tokyo Coincheck exchange, the biggest hack to date.
DAEX aims to evolve with time by adopting an open ecosystem to allow for future developments in the derivatives business. Notably, the platform also allows for enterprise-level customers as well as individual customers.
The diamond in the crown of DAEX is its public clearing blockchain which supports cross-chain clearing of assets. The chain provides institutional and individual customers with a unified clearing and settlement service using distributed ledger technology.
DAEX also aims to give back to the cryptocurrency community through the creation of a DAEX fund to support investments of cryptocurrency exchanges and wallets, cross-chain solutions and asset management projects. DAEX has already partnered with prominent exchanges such as Lbank, BCEX, Allcoin, Indodax, and Tokenomy.

What does DAEX do?

While exchanges will still retain their traditional role of matching trades, all other steps will be conducted by DAEX’s upcoming distributed clearing and settlement ecosystem. The DAEX system aims to remove total control from digital asset exchanges by separating digital asset transactions into five basic steps: identity authentication, asset registration, trade matching, asset clearing and asset settlement.
The core of the DAEX technology lies in the clearing chain, which will store the transaction data of all user assets in the DAEX ecosystem. The chain uses a new consensus protocol known as Accumulated Signature Proof of Stake [ASPoS]. The system calculates the stake of participants depending on their deposit amount, participation levels and activity levels. It then utilizes a virtual random function to generate a source number, which is used in combination with nodes’ stake ratios to determine the creation of the next block. The clearing process itself is conducted through a clearing smart contract, with all settlement and clearing business rules pre-programmed into it.
After a matched trade is formed, the smart contract will validate the matched trade and check it against business requirements. This is followed by going through the consensus mechanism and updates corresponding accounts on the ledger.
Users are required to complete an identity authentication process on a distributed identity authentication center, proceeding which they will be able to store assets in the Asset Registration and Custody Center. This is the part of the platform dedicated to the storage of the users’ digital assets.
The Asset Registration and Custody Center generates mapped assets for users, which can be converted to actual digital assets in real time. DAEX demonstrates a single-minded dedication towards prioritizing the security of assets in custody.
The transactions will then be processed by the DAEX wallet, which is capable of storing multiple digital assets. It is protected by a multiple part private key to the wallet, with any two of three parts being required to open the wallet.
More Info: https://daex.io
submitted by asgard_ to crypto_currency [link] [comments]

02-18 17:53 - 'Quadriga: The cryptocurrency exchange that lost $135m' (self.Bitcoin) by /u/Awesomeness2018 removed from /r/Bitcoin within 2439-2449min

'''
Original Source: [Here]1
When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again.
In 2014, one of the world's biggest online cryptocurrency exchanges - MtGox - unexpectedly shut down after losing 850,000 Bitcoins valued at the time at nearly $0.4bn (£0.3bn).
Its meltdown shook investors in the volatile emerging marketplace - but the calamity at the Tokyo-based company proved a boon for a new Canadian online cryptocurrency exchange.
"People like the fact we're located in Canada and know where their money is going," Quadriga CX founder Gerald Cotten said at the time.
Some five years later, Cotten's sudden, untimely death has left thousands of his customers scrambling for information about their own missing funds.
"We don't know whether or not we're going to get our money back," Tong Zou, who says he is owed C$560,000 - his life savings - told the BBC.
"There's just a lot of uncertainty."
This month, Quadriga - which had grown to become Canada's largest cryptocurrency exchange - was granted temporary bankruptcy protection in a Canadian court.
The firm said it had spent the weeks since Cotten's death trying desperately to "locate and secure our very significant cryptocurrency reserves".
[ Broken representations of the Bitcoin virtual currency ]2
In court documents, Quadriga says it owes up to 115,000 users an estimated C$250m - about C$70m in hard currency and between C$180m a C$190m in cryptocurrency, based on recent market rates.
It believes - though it's not certain - that the bulk of those millions in reserves was locked away by Cotten in cold storage, which is an offline safeguard against hacking and theft.
For now, all trading has been suspended on the platform.
Bernie Doyle, CEO of Refine Labs and head of the Toronto chapter of the Government Blockchain Association, calls what's happening at Quadriga a "seismic event" in the industry.
The world of digital currency has little regulatory oversight and a history of volatile prices, hacking threats, and minimal consumer protection.
Mr Doyle says this only adds to the nascent sector's already "checkered history".
But he says "it's really unfortunate that the ecosystem takes a hit" amid one firm's problems.

[Will Bitcoin Rise To $740k ?]3

What happened at Quadriga?

Court documents filed in late January offer some insight into the company.
Quadriga had no offices, no employees and no bank accounts. It was essentially a one-man band run entirely by Cotten wherever he - and his laptop - happened to be, which was usually his home in Fall River, Nova Scotia.
It used some third-party contractors to handle some of the additional work, including payment processing.
His widow, Jennifer Robertson, says she was not involved in the company until her husband died suddenly on 9 December in India from complications related to Crohn's disease.
In an affidavit, she says she has searched the couple's home and other properties for business records related to Quadriga, to no avail. The laptop on which he conducted all the business is encrypted and she doesn't have the password or recovery key.
An investigator hired to assist in recovering any records had little success.
It was also recently revealed the company somehow inadvertently transferred Bitcoins valued at almost half-a-million dollars into cold storage in early February and now can't access them.
But Quadriga's troubles didn't start with missing coins. The company's liquidity problems began months earlier.
In January 2018, Canadian bank CIBC froze five accounts containing about C$26m linked to Quadriga's payment processor in a dispute over the real owners of the funds, an issue that ended up in court.... [Continue Reading]4


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Quadriga: The cryptocurrency exchange that lost $135m
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Author: Awesomeness2018
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Unknown links are censored to prevent spreading illicit content.
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Tokyo Whale Caused Bitcoin Crash Mt Gox Is Back! He Has More $BTC Too! Another Crash Soon? Virtual Bitcoins worth $425 million disappear Coincheck Loses $532 Million in Cryptocurrency Hack Attack Website of Bitcoin exchange Mt.Gox offline, trader pickets building in Tokyo How Do I Get Bitcoins? How Do I Buy Bitcoins? Step By Step Instructions

What Was Mt. Gox? Mt. Gox was a Tokyo-based cryptocurrency exchange that operated between 2010 and 2014. It was responsible for more than 70% of bitcoin transactions at its peak. Although it is The massive Mt. Gox disaster You may have already heard about Mt. Gox — it’s easily one of the most infamous crashes in Bitcoin history, a tangled knot of mistakes, corruption, and fraud. Back in the early 2010s, Mt. Gox was a Bitcoin exchange based in Tokyo that handled the majority of Bitcoin transactions around the world because people Launched in 2011, Mt. Gox was the world’s largest bitcoin exchange, handling up to 70% of bitcoin trades, until its spectacular demise in 2014. Bitcoin exchange operator arrested amid new questions about Mt. Gox theft by Jake Adelstein. Ever since Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy in February 2014, investigators Mt. Gox was one of the biggest cryptocurrency exchanges in the world. The company was based in Tokyo, Japan and was established in July 2010. At its peak, it processed nearly 70% of the transactions that were executed with Bitcoin around the world. The exchange was the subject of an attack in 2014.

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Tokyo Whale Caused Bitcoin Crash Mt Gox Is Back! He Has More $BTC Too! Another Crash Soon?

Mt.Gox is a Bitcoin exchange based in Tokyo, Japan. Mt.Gox was established in 2009 as a trading card exchange, but rebranded itself in 2010 as a Bitcoin business and was, for a time, the largest ... One of the largest online exchanges for Bitcoins, a digital cryptocurrency "mined" by computers, has closed down amid allegations of theft. The founder of the Tokyo-based Mt. Gox website admitted ... Mt.Gox should not be considered a reflection of the value of Bitcoin or the digital currency industry, they said. A security officer at the building in Tokyo said no one from Mt.Gox was in the ... Here is the official statement from Mt. Gox: "The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th ... The website of Tokyo-based bitcoin exchange MtGox went down Tuesday amid reports of a theft of the virtual currency worth hundreds of millions of dollars, dealing a blow to its credibility. The ...

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