Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties

After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team. Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes in a Medium post that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.” “We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who…

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

Update: After the March 5, 2019 court hearing, Justice Wood has granted QuadrigaCX a 45-day stay on proceedings. He has also appointed Peter Wedlake, a Grant Thornton lawyer who is part of QuadrigaCX’s counsel, as the company’s Chief Restructuring Officer, though the judge was reluctant at first to approve the position out of cost and efficiency concerns. The court will reconvene for the next round of proceedings on April 18, 2019, while the stay extends QuadrigaCX creditor protections until April 23, 2019. Source. As QuadrigaCX’s legal counsel descends on the…

Ethereum Price Analysis: Real Bounce In ETH Or Just Rebound?

ETH price climbed higher sharply and broke the $127 and $130 resistances against the US Dollar. The price even broke the $134 resistance and retested the key $139 resistance level. Yesterday’s highlighted key bearish trend line was breached with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair rebounded nicely, but as long as it is below $139 and $140, it could decline once again. Ethereum price surged higher and cleared many hurdles against the US Dollar and bitcoin. However, ETH/USD is still below…

The Best Way To Know Bitcoin Is A Conservative Investment

Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)… Here’s the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, “probably rat poison squared” even, as Warren Buffet calls bitcoin: Best Way to Know Bitcoin Is Rat Poison Squared You see bitcoin or another cryptocurrency’s ATH (All Time High) prices going higher and higher, and you think now’s not a bad time for…

Malta Digital Exchange Relocates Operations to Malta Stock Exchange Premises

Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5. MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for digital assets trading. MDX founder and executive chairman Rick Klink said that the “move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave…

New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets

A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5. The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds. “Armanino connects directly to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply,” the post details. Rafael Cosman, Co-founder and Head of Engineering and Product…

‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

College campuses are the second largest cryptocurrency miners across industry verticals, according to research by tech conglomerate Cisco published in PCMag on March 5. Cisco’s security researchers reportedly investigated cryptocurrency mining activity across various industry verticals. The research was carried out with Cisco’s security product Umbrella, which monitors clients’ network connections to screen malicious activity, including possibly dubious crypto mining. Per the report, university campuses are ranked the second biggest miners of digital currency across industry verticals at 22 percent, second only to the energy and utilities sector, with about…

Opera Web Browser Crypto Wallet to Expand Services to iOS Users

Major web browser Opera has announced the upcoming launch of Opera Touch for iOS, according to an official press release published Tuesday, March 5. Opera Touch is a Web 3 browser with an integrated crypto wallet and support for Ethereum (ETH) and interactions with decentralized applications (DApps). Back in December, Opera launched its “Web 3-ready” browser with a built-in crypto wallet for Android users. Opera explains the decision to expand its services to iOS as the result of the successful integration of the crypto wallet and DApp explorer for Android.…

Coinbase Hires Amazon Web Services Veteran to Develop Staking Solutions

Major United States crypto exchange and wallet service provider Coinbase has reportedly hired a veteran of Amazon Web Services to develop staking and governance solutions for its crypto custodial services. The news was reported by The Block on March 4. Citing an alleged internal memo, the report claims that Luke Youngblood — formerly a principal solutions architect at AWS — has been hired to develop new staking and governance products, which will reportedly “provide Coinbase Custody clients with the ability to interact seamlessly with crypto-networks while maintaining the utmost security…

Three Swiss Firms Complete ‘First’ $3 Mln Real Estate Transaction on Blockchain

Blockchain property transaction platform blockkimo Ltd along with two other companies have jointly completed “the first” real estate transaction on a blockchain in Switzerland. The development was announced by blockimmo in a blog post on Mar. 1. Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto Tokens Ltd. have conducted a blockchain-based real estate transaction —  consisting of 18 apartments and a restaurant — at a cost of 3 million Swiss francs ($2.98 million). The property was reportedly tokenized, which means that its real asset value…