Estonia has adjusted their release plans for the state token Estcoin. This allowed her to resolve conflicts with monetary policy of the European Central Bank (ECB) to continue the project.
One of the most advanced digital economy in the country for the first time announced plans to create its own cryptocurrency in August of last year. Since 2011 the currency of Estonia is the Euro. The ECB President Mario Draghi (Mario Draghi) spoke out strongly against the introduction of Euro area national digital currencies.
As it turned out, criticism of Draghi did not stop the project, but was forced to revise the model Estcoin.
Sikkut Siim (Siim Sikkut) — the official responsible for IT strategy of Estonia — said that they had abandoned plans token binding to Euro or from the use of them by all citizens of the country. Instead Estcoin will be used as incentive for program participants online residency (e-Residency) of Estonia.
“We have agreed with the politicians that Estcoin will act as a means for transactions within the community e-Residency. Other options not included in the agenda. We are not building a new currency,” said Sikkut.
The author of the plan Estcoin Chorus Caspar (Kaspar Korjus) confirmed his words, adding that the potential benefits from the organization “community Estcoin” continue to be analysed. But it definitely will not be the national cryptocurrency, he concluded.
We will remind that from April to citizens with ID-card Estonia, and residents of the country provided the opportunity to obtain cryptocurrency Byteball equivalent to $10.
Senior researcher at Korea Institute of Finance (KIF) Lee Dae-Ki (Lee Dae-ki) urged Central banks to “seriously consider” the possibility of issuing digital tokens according to Korea Times.
The scientist said that the recent price movements of bitcoin was significant and more similar to the price movements of risky stocks. Therefore, the decision of the Central banks to issue digital currencies on the blockchain the platform can help them win in as private cryptocurrency. This, ultimately, will enable customers to simplify the payments, I’m sure Lee Dae-Ki.
“Technology based on the blockchain, a distributed database of accounts that shows a large opportunity for Central banks to improve security against cyber attacks and overall process payments between institutions and consumers”, — said researcher KIF.
He warned that the Bank of Korea is still far from creating digital won because virtual currencies have uncertain legal status in the country. However, the researcher is convinced that the Central Bank may issue digital token on the blockchain that will lead to a complete reformation of the banking industry.
“It will rebuild banking, because banks will have to compete with digital currency systems, providing a higher interest rate or additional services that will benefit consumers,” concluded Lee Dae-Ki.
Informed his Chinese colleague published a similar statement calling for the Central Bank as soon as possible to issue its own digital currency. Heard similar proposals for the release of “scriptorama” in Russia. Israeli media reported that the Finance Ministry is considering issuing in the future state of cryptocurrency.
In turn, Board member of the Bundesbank’s Carl-Ludwig Thiele said that the authorities of the Eurozone has no plans to launch the official digital currency.
Earlier, the financial regulator of the Republic of Korea stated that he did not intend to regulate bitcoin and other cryptocurrencies, not relating them to actual currencies.
Indian cryptocurrency exchange Coinsecure, in April this year was kidnapped 438 bitcoins, reported willingness to compensate users affected RS. For the victims required the signature under the agreement with a waiver to the crypto currency exchange from the future.
This statement can be downloaded from the website of the company, and to get to the destination together with other documents it has until 30 June 2018. The crypto currency exchange stated that all agreements and claims which will come to her after 30 June will not be considered.
We will remind, on April 21 crypto currency exchange has announced that it began work on the claims process. However, scheduled for April 28-29 accepting applications for the refund was delayed.
The Executive Secretary of the Observatory of the blockchain Venezuela Daniel peña (Daniel Peña) stated that introduced Donald trump (Donald Trump) prohibition of transactions, cryptocurrency El Petro (PTR) was for her. Moreover, according to peña, is so effective that doubled the number of interested investors.
The President of the United States Donald trump in March signed an Executive order prohibiting citizens of the country any operations with the national cryptocurrency of Venezuela. Also in the USA prohibited any transaction El Petro.
In an interview with local edition Daniel Pena said that such a busy man, as trump found time for El Petro, Venezuela is going in the right direction.
According to him, trump has caused a growing interest in the acquisition of PTR worldwide, including the United States. Peña said that if the ban trump was about 400 buyers of cryptocurrencies in the day, after this number jumped to 800.
The Venezuelan government has repeatedly stated the high interest of investors to El Petro, the sale of which started on 20 February. The country’s President Nicolas Maduro (Nicolas Maduro) then said that for the first day of presale was raised $735 million However, experts have expressed doubts about the reality of voiced digits.
Later Maduro said that PTR sold $5 billion, but experts once again draw attention to the discrepancy in figures. The price of a barrel of Venezuelan oil, which allegedly provided each token is about $60, and sold 38.4 million
The largest in Japan C2C service ticket Ticket Camp started to accept payment in bitcoins.
All transactions to be made in Bitcoin, will handle cryptocurrency exchange Coincheck.
Audience Ticket Camp is about 5 million users. According to CoinTelegraph, adding payment services platform in bitcoins will become a major stimulus for the growth of cryptocurrencies in the country.
Ticket Camp became the first in the country the service ticket that started to accept payment in cryptocurrency. However, adding transaction support to Bitcoin can cause a few problems for the company.
In particular, it is unclear how Ticket Camp will charge 13% Commission for every sale. The Commission is distributed between the seller and the buyer, but it is still unclear whether the Camp is a Ticket to get your share in bitcoins or will immediately convert them into Fiat currency.
Still another question: how to prevent the sale of fake tickets if using Bitcoin?
Ticket Camp uses escrow to hold payments for as long as the tickets do not reach their buyers. However, this approach is not yet much helped in the fight against counterfeit tickets.
Cryptocurrency exchange Bitfinex has published information about phishing scheme through which hackers get the tokens the customers. Theft happens with the help of fake wallets or exchange services.
The fraudsters operate as follows: they create an account on the exchange and generate there are many Deposit addresses. After this they create a network of sites disguised as cryptohalite and exchange services. The user gets to these phishing resources and it creates the wallet, which is automatically assigned to the previously created malicious address. Therefore, the user loses control of the purse and can’t withdraw funds.
After the exchange has received information about the scheme, she stopped all further operations on the addresses which were derived the funds.
In Bitfinex I suspect that a similar scheme could be used in other services, and expect confirmation of this in the near future. Representatives reported the fraud to international law enforcement agencies and asked them to facilitate the disclosure of the attackers.
Bitfinex also gives a list of the domains by which criminals acted. The list is based on the internal analysis of the exchange and is not exhaustive:
- hxxp://zcash for-wallet.info
The exchange also asks users to observe basic rules of safety on the Internet: don’t click suspicious links, you go to the exchange tab in the browser, no one to share passwords and not to open attached files and links from emails from unknown senders.
According to the company Chainalysis, in 2017, the fraudsters pocketed around 14% of the funds raised through ICO projects based on Ethereum. In the wrong hands got about $225 million of the $1.6 billion
Recall that recently investment platform Enigma Catalyst was subjected to a phishing attack, which had stolen $500 thousand from sale of tokens ECAT.
According to the p2p platform Paxful, in Africa, every day more than 17,000 p2p-transactions for the purchase of bitcoin, according to CCN.
Most African users Paxful used as a means of payment iTunes gift cards and Amazon. The latter can be bought for the local Fiat currency.
In the screenshot you can see that, indeed, these payment methods are the top payment options
Africa is currently the main market platform Paxful. In 2018 the total volume of p2p transactions using iTunes gift cards is $300 million; use of maps Amazon — about $165 million Bank charges on this continent is so common — they account for less than $50 million.
It is also noteworthy that bearish trend 2018 has not reduced the volume of trades on the platform Paxful. For example, p2p-trade of bitcoin is growing steadily in Kenya:
ForkLog previously reported that p2p-trade of bitcoin has become extremely popular in Venezuela.
Huobi Pool, a division of the third volume of trades of the crypto currency exchange to launch in the first quarter of next year, a shopping site that focuses on digital currency EOS. About it reported in a press release.
According to representatives of Huobi, at the new exchange EOS will be traded in pairs with «many cryptocurrencies».
«As supernodes EOS, Huobi Pool puts sustainable development first in their priorities. The launch of the EOS-exchange just the next logical step in this context», — said the CEO of Huobi Pool Cao FEI.
Note that at the moment Huobi Pool is in first place in the rating of producers units EOS. This pool worked closely with other manufacturers blocks to create a test network EOS called Crypto Kylin Testnet. Also Huobi Pool were engaged in the creation of a platform for voting in the EOS ecosystem.
Recently it became known about the support EOS the cryptocurrency derivatives exchange Huobi.
ForkLog also previously reported that half of the staff Group Huobi can get laid.
Popular bitcoin exchange Bitfinex and its subsidiaries platform Ethfinex will suspend as of Monday, January 7, 2019, in connection with the transition to the new servers. It is expected that this process will take from three to seven hours.
In the message iFinex says that the company eventually refuses to use the cloud service AWS and goes on its own infrastructure hosted in the data center in the Swiss Cryptocoryne. Technical support providing company Market Synergy.
Own dedicated servers and carefully chosen hardware, the company claims, are designed to ensure uninterrupted trade high volumes.
The final stage of this process will be Babysitting all platforms offline during this period users will not be able to trade and will not have access to their wallets.
According to a statement to Hong Kong stock exchange, new infrastructure at least twice will increase its performance. Professional trading company will be able to use the crosstalk due to which delay will be reduced from 60-100 milliseconds 5-15 milliseconds.
Also declared a higher level of security – new infrastructure Bitfinex will save the company from having to rely on third-party service provider.
We will remind, earlier this week, Bitfinex announced the start of margin trading in the pair USDT/USD.
Mining division Huobi Group – Huobi Pool – will launch its first cryptocurrency exchange in early 2019. The new trading platform will be fully focused on the EOS system, said in a press release.
«Being super-Noda EOS, Huobi Pool puts sustainable development network at the forefront – said the CEO of Huobi Pool Cao FEI. – Launch of the EOS-exchange is just the next logical step to support».
New exchange allows users to trade EOS in pairs with many different cryptocurrencies. As noted Huobi Pool, they worked closely with the community of EOS since its launch earlier this year. In addition Huobi Pool worked with other manufacturers units in the EOS system on the creation of a test network Crypto Kylin Testnet to experiment with the EOS and developed a platform for voting in its ecosystem.
In the beginning of the month it became known about the plans Huobi buying Japanese regulated crypto exchange Bittrade.
Before that Huobi was accused of organizing conspiracy with other manufacturers units the EOS, however, the company denied this information.