ConsenSys and AMD will deal with cloud computing on the blockchain

Ethereum-startup ConsenSys has partnered with world-renowned chip maker Advanced Micro Devices (AMD) to create a new infrastructure of cloud computing based on blockchain technology.

The document States that together with AMD, the startup is working with investment firm Halo Holdings of Abu Dhabi on a project W3BCLOUD. The latter is a cloud-based architecture for decentralized applications.

ConsenSys will provide their expertise and knowledge in the field of blockchain solutions, and AMD will become a supplier of «high-performance hardware technologies for better scalability and deployment of decentralized networks and services».

Both companies expressed confidence that they developed solutions in areas such as intelligent identification, corporate data centers, tracking medical data, licensing and supply chain management, will be in demand among large companies and state agencies

Note that both companies are currently experiencing not the best times. In October, AMD reported a fall in sales of devices for mining. The company’s shares have been falling since September last year:

Data: TradingView

As for ConsenSys, the company is on the brink of major organizational changes. According to some startup can fire up to 60% of the staff, reviewing your portfolio blockchain projects.

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Acne Buterin will give the funds received from OmiseGo and Kyber Network, for new projects

The Creator of cryptocurrency platform Ethereum Vitalik Buterin announced its decision to use to support promising blockchain projects all funds earned as a consultant OmiseGo and Kyber Network:

«I announce that 100% of the funds I received from OmiseGo and Kyber Network, will go to charity (AMF, GiveD, SENS, etc.) and (or) the financing structure of the second layer Ethereum, or in both directions».

This decision was taken Baleriny in response to numerous requests from the blockchain startups with a request for financial and technical support and grants, and also to questions arising in connection with the controversy surrounding the launch of the test network Raiden and the upcoming ICO.

Buterin explained that projects eligible to receive these funds must meet certain criteria: must have 100% open source and have no plans of entering the ICO. Such projects Vitaly is ready to help.

Recall OmiseGo, the blockchain-a startup for developing a decentralized electronic wallet based on Ethereum, had a market capitalization of $1 billion. Now the token OmiseGo (OMG) is at the 12th place on this indicator among all cryptocurrencies and confidently seeks the top ten. However, Buterin decided to abandon those tools in favor of other developing projects.

As for Kyber Network, is a platform, a decentralized and does not require trust in third parties services-exchange of crypto-currency assets. As a result the ICO, the company managed to achieve the planned upper limit of funding set at 200 000 ETH, which is equivalent to $60 million at the rate of Ethereum $300. According to the report, published on the official page of Twitter, the team Kyber Network fully supports the decision Baterina.


JPMorgan to start the work with futures for bitcoin

American financial conglomerate JPMorgan Chase to provide its customers access to bitcoin futures on CME. According to The Wall Street Journal, citing its sources. Now the company finds out whether the product is in demand.

In the case of a positive decision, JPMorgan will perform the role of mediator between buyers and sellers, and receive Commission for their services.

It is noteworthy that this issue is addressed in the company, the head of which is an ardent critic and opponent of bitcoin. So, in September, Jamie Dimon called bitcoin a «hoax» and said that «in one minute fired» any of the JPMorgan trader, who trades bitcoins. Supporters of bitcoin he called «fools» and fans predicted the inevitable collapse. These statements have provoked a lot of resonance in cryptosuite. Later, Dimon promised not to talk about bitcoin, but soon broke his «vow».

Earlier this month JPMorgan caught in what its head was accused of bitcoin: in Switzerland the local division of the company was sanctioned for violating the standards of anti-money laundering.

Recall that a popular financial derivatives exchange CME Group plans to launch futures contracts on bitcoin to the end of this year.

In addition to JPMorgan, the issue of working with the new CME product also consider the Bank of America and Goldman Sachs Group Inc.


In Canada, the organizers of the ICO token PlexCoin refuse to submit to the regulator

Management on the financial markets in Canada (AMF) published a statement which said that the organizer ICO Dominique Lacroix (Dominic Lacroix) and his company, DL Innov inc. ignored the court decision on termination of attracting investors to invest in the cryptocurrency PlexCoin based on Еthereum.

The issue is with the requirements for the ICO, which launched in late August, the Canadian securities administrators (CSA). In her opinion, “a” digital tokens may be recognized as securities and are subject to the relevant requirements of the legislation of Canada.

In July, the regulator insisted on the closure of this website or any associated with PlexCoin, project, and restrictions on the advertising of upcoming sales token. However, neither this nor further warning did not stop the project team from preparation to ICO.

In September, the AMF reiterated its position and asked supporters PlexCoin not to grant and not to trust Lacroix and his company any money, securities or property. But now these prohibitions are violated.

As reported, in November of violations will be a hearing of the Supreme Court of Quebec, which may choose the penalties for the company.

Recall that recently in Canada there was the first ICO under the supervision of the regulator. As a result, the project impak Coin (MPK) attracted 1.4 million canadian dollars.


Bitmain stated that controls up to 4% Hasrat bitcoin

Chinese manufacturer of mining equipment, Bitmain announced that on July 22, mines cryptocurrencies on three algorithms: SHA256, Scrypt and Ethash with the processing power in 1692 PH/s 339,7 GH/s and 44.2 GH/s, respectively.

The company has not disclosed information on what cryptocurrency mining, but promised a monthly report on the amount of computing power in the program to improve the transparency of doing business.

Given in the latest report, the data allowed experts to conclude that either for SHA256 miners Bitmain account for 4% of Hasrat network of bitcoin or the company shamelessly published false information.

At the same time in Bitmain say that they are not using for production equipment, which would not be known to a wider circle of users, and use a small batch of such equipment only for testing. Also, the company denies accusations mining empty blocks to increase the load on the bitcoin network.

Recall that last month, venture capital firm Sequoia Capital China has invested in mining giant $400 million, valuing it at $12 billion, the Company plans to apply for IPO in Hong Kong in September and expects to reach year-end market capitalization of $30-40 billion.


Yahoo! Japan buys 40% stake in Tokyo crypto currency exchange Bitarg

Yahoo! Japan Corporation, a joint venture between American Internet company Yahoo! and Japanese telecommunications Corporation Softbank, through its subsidiary Z Corporation has confirmed its intent to acquire a minority stake (40%) officially licensed in the country of crypto currency exchange Bitarg Tokyo Exchange Co. Ltd.

The remaining 60% will remain under the control of CMD Lab, the parent company Bitarg previously denied the possibility of selling shares of Yahoo! Japan. According to some sources, the transaction price is 2-3 billion yen (of$18.6-$27.9 million).

It is expected that the new exchange will begin full operation this fall.

Recall that the crypto currency exchange Bitarg was established in may 2017, with Aug stopped work, and in December received a license from the Agency for financial services of Japan (FSA) to trade bitcoins.


Proof of Keys: problems in the platforms identified in Bitfinex, Coinbase and Poloniex

Bitcoin investor and host of the Bitcoin Knowledge podcast trace Mayer reported problems in a number of platforms in the background of the action Proof of Keys.

As reported by Meyer, the campaign website has a section Failures, which publishes information about failures of different platforms, presumably associated with a mass user requests a withdrawal. In particular, this refers to:

  • HitBTC, which froze the accounts of the users
  • exchanges, Bitfinex, Poloniex, Coinbase Pro
  • platforms Purse and Robinhood

Relevant links to the website of Trace Mayer store or on the official tweets of platforms, or to messages of users telling about the difficulties with withdrawals.

So, Bitfinex team reported problems on the platform, without specifying what it was, but assured users that all funds intact:

Under tweet Bitfinex soon there was a whole cascade of comments, which mainly refers to the failure by the exchange test Proof of Keys.

Twitter user under the name Placerville was reported that the exchange Poloniex daily it created some obstacles:

Before that, Placerville notes, nothing like Poloniex he did not notice.

«#1 They didn’t like my computer, took a whole day for a reply. #2 They did not like the address of my wallet. They wanted me to sent photos with the type and amount of the transaction, the last six digits of the purse and the date. #3 That’s not all — now they are asked to record videos via their app, which I had to install»

Senior user Crypto said Trace Mayer about what Proof of Keys had a negative impact on the purse Purse, which suspended the withdrawal without explanation:

Similar situation with the platform Robinhood:

The problem with the trading pair BTC/USD exchange Coinbase Pro arose at the end of December:

The annual event Proof of Keys is designed to remind users that the funds belong only to them and not centralized platforms.

«Not your keys — not your bitcoins», — said on its website.

Earlier, the HitBTC exchange told the journal ForkLog that the problems with the withdrawal associated with the procedure KYC/AML and not Proof Of Keys.

Journal ForkLog continues to monitor the progress of the action.


ForkLog released a special “Introduction to cryptocurrency memology”

Ever wondered what bitcoin is sent to the moon? Why is everyone saying “hodl” and not “hold”? Why, exposing another Scam-tocancel, remember Ryan Gosling? In a new project with the support of the YouTube channel CryptoClowns Show we answer these questions.

What is it about?

«Introduction to cryptocurrency memology» is the story of the crypto community in the memes, jokes and well-established terms. How could say Leonid Parfyonov, it is something without which we can not imagine, even harder to understand.

Why you need a special project?

The special unique design, and multimedia functionality. It’s a small website inside the website.

Over the ordinary article are only the author and the editor. On the special project work is the author, editor, designer, coder, artist, programmer and other specialists. Work can take a lot of time, but in the end it turns out that it was worth it. Special project on any topic will always stand out from the rest of the content, and its contents will surely be interesting and look good.

Why this topic?

We did «Memology» with the support of the educational YouTube channel CryptoClowns Show. This channel are two clowns, who jokingly introduce beginners community members with the basics of the cryptocurrency industry. It is the combination of education with jocularity, and gave us an idea to understand the memes and jokes of the crypto community.

Memes are well-known, but as it turned out, not enough comprehended. Few were able to explain why bitcoin needs to go to the moon, not Jupiter, or why the hapless captainvalor called hamsters, not Guinea pigs. Meanwhile, without the «hamsters» and «year» it is impossible to imagine modern kriptonyte. It’s memes on the understanding of Richard Dawkins, not 9GAG. And their story was much more interesting than you would expect.

Will there be other projects?

Will be. Special projects done with the support of the sponsor, and usually somehow connected to his activities. However, our Golden rule is never to do a special project that interested us. If the topic is uninteresting to the author, the article will definitely be uninteresting to the reader. Therefore, we hope that you will like to read «Memology» no less than we liked her to do, and that the same will happen with other special projects.

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Almost one in six decentralized application is abandoned

According to the service State of the dApps, 17.2% of the total number of decentralized applications have not been active over the last year. They were given the status «abandoned».

On the website you can see that the platform works Ethereum dApps much more than EOS (2254 and 122, respectively). However, the number of active users applications EOS three times larger than the time-tested Ethereum.

In the following screenshot you can see that the status «active» has only 1300 dApps. In 2432 decentralized applications. Of these, 394 — abandoned.

However, representatives of the platform note that the progress in the development of new apps. So, in December, the service received a record 179 applications for enabling dApps to the directory.

Previously, cybersecurity experts from PeckShield reported that from July to November last year, hackers made 27 attacks on dApps in the ecosystem, EOS, got hold of 400,000 coins of cryptocurrency.


How not to allow to deceive itself on the stock market

Bitcoin works fast, knows no boundaries, and its transactions cannot be cancelled. But, unfortunately, these qualities not only attract us. The growth in popularity of the cryptocurrency around it appears more and more scams.

Therefore, it is important to follow all precautions and to protect themselves from intruders. Here are the most popular ways bitcoin fraud. Forewarned is forearmed!

Bitcoin pyramid

In this case, you can lure with promises of incredibly high profits with very low investment. It employs the classic principle of a pyramid: the first investors attract new people, from investments which earn income. And, as in all such schemes, when the flow of new investors falls, the pyramid collapses.

To identify bitcoin pyramid can be on several grounds:

  • The organizers promise a very high return/interest;
  • They guarantee that «you will not lose money»;
  • They rush you with the words: «you need to invest as early as possible, otherwise it will be too late»;
  • Little verified information about the company and the owners;
  • Withdrawal difficult;
  • Social networks are massively distributed links to register with big bonuses.

Have benches with wallets and exchanges

Here we are talking about the fraudulent sites. Some pretend bitcoin wallets, the second — exchanges, and others — from both.

Some time after registration, they work fine, to lull your vigilance and gain confidence. You quietly make bitcoins or Fiat, the funds in the account accumulate — and the scammers disappear with your money.

How to avoid deception:

  • Work only with known registered companies;
  • Try to check the identity of employees or owners;
  • Examine what you write about the chosen wallet/exchange in reputable journals and forums;
  • Be wary of anonymous and, more recently opened stock exchanges, apps, and browser extensions.

Where to find information about scams

Collect updated list of fraudsters is impossible: to create a new site very simple, so that hackers can constantly change the site. So you need to learn how to identify suspicious proposal (as described above) and inquire.

Fortunately, in the English cryptosuite often (much) discussing fraud. Here are some of the most popular branches, where you can read about Samah:

  • The bad list (
  • Bitcoin Scammer
  • List of Bitcoin Scam Sites (