The Bitcoin Jet
The developers used the zcash for the Chernobyl nuclear waste to generate random numbers.
Based on anonymous cryptocurrencies is the zcash for Protocol Zero Knowledge Proof (proof with zero disclosure). To create and confirm the evidence you need to set the public parameters. But if an attacker discover the algorithm for their task it will be to create your own false evidence. Because zcash for holds closed the ceremony, «Powers of Tau», which narrow the circle of participants sets the initial parameters. At the last ceremony, the developers of Ryan pierce and Andrew Miller have used nuclear waste to generate random numbers «»Powers of Tau» is engaged in the generation and safe disposal of cryptographic «toxic waste». After all, what generates entropy better than the real radioactive toxic waste?», Miller said. Apparatus for generating random numbers was constructed by Ryan Pierce. Radioactive graphite moderator acted as a source of gamma and beta radiation, and graphite was mined from the core of the Chernobyl nuclear facility. A Geiger tube connected to the random number generator turned radioactive pulses into numbers, which are then incorporated into the code. To ensure privacy, the event was held at 3,000 feet above sea level on a small private plane in the airspace over Illinois and Wisconsin.
The regulator urged Japan robbed the stock exchange Coincheck accountable and reported on the inspection of other kryptomere.
The financial services Agency of Japan (FSA) has taken administrative measures in respect of crypto currency exchange Coincheck, which on Friday was robbed by 58 billion yen ($534 million) in the cryptocurrency NEM. The Agency ordered the exchange to explore the vulnerability that led to the attack, and to submit a plan of the risk management system to prevent such situations in the future. The Agency also has demanded «to take appropriate measures in respect of clients», to raise the level of management of the exchange and «find the responsible persons.» In accordance with the requirements Coincheck must provide a written report to the 13th of February. The Agency also will review other exchanges for compliance with safety standards. On Sunday, chief operating officer Coincheck Yusuke Otsuka said that the company will indemnify all holders of 260,000 of the NEM. According to him, it has found no indication that the cryptocurrency was cashed or exchanged for other currencies, and the exchange «will consider any opportunity, including the return of the stolen funds.» Otsuka not yet announced any terms of payment or the date of the restart of the exchange.
Tether terminated the relationship with the accounting firm Friedman LLP.
This was announced by the speaker of the Tether on Saturday, January 27. Critics of the Tether, in particular, a blogger under the nickname Bitfinex’d, said that the company manufactures unsupported tokens to raise the price of bitcoin on Bitfinex exchange. In late November, Tether told about the impending audit and promised to implement it «as soon as possible», and a month later issued a statement, saying that the audit «cannot be accelerated», as the Tether is «one Friedman». The last statement of the speaker is not clear, from whom came the initiative of the interruption of the relationship: «We confirm that the relationship with Friedman terminated. Given the unbearable details of the calculation resorted to by Friedman for the relatively simple procedure of the balance sheet Tether, it became clear that audit results will not appear within a reasonable time». The company has stressed that verification is not required or certification, and is aimed at improving customer confidence. In Saturday’s statement reiterated the statement that Tether first among crypto projects have done such a thing, and because «there are no precedents to guide the process and no standards to determine the success of the audit.»
Kudrin and Titov did not support the proposed Treasury regulations.
Business Ombudsman Boris Titov called the bill «About digital of financial assets» too hard: «what our Ministry of Finance, is a much more stringent regulation than in Japan, Switzerland, Belarus, Armenia. That is, all countries which have adopted some legislation. Nothing better to take than to adopt such legislation,» — said Titov. He is confident that if such regulation will enter into force, Russia will lose its popularity among the blockchain community. The head of the Center for strategic research (CSR) Alexey Kudrin has expressed opinion that at this stage of development of crypto-industry «self-regulation more effective regulation.» In his Twitter he wrote that «broadening the appeal of cryptocurrency is inevitable,» but «not yet created standards and improve technology risks for investors, especially for ordinary citizens is very high.»
Official opening of the Korean blockchain Association.
The opening ceremony of the new self-regulatory body of South Korea was held on January 26 in the National Assembly building in Seoul. The opening was attended by 58 of the 66 participating companies, with 25 members of the Association of cryptocurrency exchanges, including the largest in the country Upbit, Bithumb, Korbit, Coinplug and Coinone. Since December, the number of participating in the self-regulation of exchanges has almost doubled. Now the Association has self-regulating Committee for work with cryptocurrency exchanges among future plans is the introduction of a standard price index for major cryptocurrencies, as well as the creation of an information system «which will allow the public to better understand crypto-currencies». Former Minister of information and communication of South Korea Chin Dae-Jae was the first Chairman of the Association. He stated that «the Association wants to be an effective channel of interaction between government and industry.» According to local edition of Hankyoreh, the measures taken by the Association «would include the minimum requirements for the functioning of the exchanges, such as capital base, ethics in relation to employees and consumer protection».
Hidden mining made it to YouTube.