Cryptocurrency Daily News Bulletin: January 10, 2019

January 10, 2019 1:49 pm Published by

General News

Bitmain may be about to appoint Haichao Wang, currently Bitmain’s director of product engineering, as the new CEO. Last month, more than 50 percent of Bitmain’s staff were reportedly asked to leave, at a time where they are still seeking an IPO listing on the HKEX.

Concordium Foundation, the Swiss non-profit developing a cryptocurrency with a built-in compliance function, has signed on Hans-Ole Jochumsen –  the former vice chairman of NASDAQ Europe whom retired last fall – to its advisory board.

Dx.Exchange, a week after launching, may be exposed to serious security issues. An online trader gave this information to Ars Technica after creating a dummy account to test the robustness of the platform and its security. The trader found the information on the browser contained password-reset links from other users’ tokens. Dx.Exchange have now announced a maintenance update to deal with platform issues during their “soft launch”.

We.Trade CEO Mancone has highlighted the enterprise blockchains massive expansion goals for this year, particularly across Asia. He also revealed their plans to expand across all areas of trade, building on their already established 12 banking clients. One such partnership We.Trade are eyeing is IBM and Maersk’s supply chain DLT, TradeLens, which is also built using Hyperledger Fabric. Given the focus on global trade and the fact IBM is We.Trade’s original development partner, collaboration seems like a strong fit.

Thailand’s SEC have announced the country’s Ministry of Finance has approved four applicants to operate crypto exchanges, including Bx, Bitkub, Coins and Satang Pro.

Venezuela is pushing back against U.S. sanctions before the World Trade Organization, including ones imposed against its controversial Petro, dubbing it as “discriminatory”.

Cryptocurrencies

Bitcoin’s $3,829.98 USD (-5.54 percent) lightning network is now being made more accessible as Stockholm-based startup Bitrefill’s new Thor service allows people to give lightning channels to someone else with no setup on the recipient’s side.

Dash $76.33 USD (-7.96 percent) may be another coin subject to a 51 percent attack after a user released data showing the NicheHash crypto mining marketplace contains the majority of the hashpower on the Dash network. Dash has a total of almost 1,900 Terrhashes per second at time of writing. Meanwhile, NiceHash is responsible for more than 1,000 TH/s across more than 25,000 miners, with more than $2.2 million earned by the single miner.

Ethereum Classic $4.61 USD (-9.12 percent): China-based security firm SlowMist has claimed it has enough evidence to locate the culprit behind recent chain attacks on Ethereum Classic. SlowMist specified the three wallet addresses and four transaction hashes that launched the two-day block reorg attacks on the network. The company also corroborated information released by Coinbase and has identified Gate.io, Bitrue and Binance as the exchanges they’re looking to work with in order to locate the attacker.

Monero $47.45 USD (-12.55 percent): A new report released by two researchers from Universidad Carlos III de Madrid and King’s College London shows XMR is by far the most popular crypto among criminals deploying mining malware. They estimate hackers have mined at least 4.32 percent of the total XMR in circulation.

Qtum $2.25 USD (-7.14 percent) has conducted its first atomic swap with Bitcoin.

– WN.com, Jamie Saarloos



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