Monday, March 4, 2019

QuadrigaCX's Empty Wallets / Ethereum After the Fork / Lyft / Ethereum Foundation

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$BTC (12:52 p.m. EST): $3,7​​​​​​70.43 (-2.05%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (12:52 p.m. EST): $125.14 (-5.23%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (12:52 p.m. EST): $128.12 (-3.88%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (12:53 p.m. EST): $46.56 (-4.02%) // 90-day high: $52.69 // 90-day low: $22.09 // More

$XRP (12:53 p.m. EST): $0.30 (-1.59%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. Investigators from Ernst & Young were able to locate six offline wallet belonging to QuadrigaCX only to find them largely empty. In a report released Friday, EY said the six wallets held a little more than $400,000 worth of bitcoin, which was accidentally transferred last month. Investigators are still trying to locate the more than $130 million the exchange held in customer coins when CEO Gerald Cotton died in December. These wallets only held bitcoin, and there is belief that the exchange held large amounts in ethereum and other altcoins so not all is lost. In its report, EY added that QuadrigaCX could have accounts on at least 14 other cryptocurrency exchanges, the names of which have not yet been disclosed. –THE NEXT WEB

Investigators find empty QuadrigaCX wallets
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2. The price of ethereum has dropped about five percent following the implementation of the Constantinople and St. Petersburg forks last week. While the fork went off without a hitch (not a given based on the project's delayed implementation), the price has struggled. That is probably the result of traders wary of bugs or glitches causing problems to the network. With that said, analyst JP Butanix writes that the price drop has given some large investors the opportunity to accumulate more ether. "While some people may see the current price fluctuation as a reason to get worried, it seems unlikely any real harm will be done in the coming hours and days," he writes. "A sudden price drop is never fun to look at, but there is nothing one can do about it as of right now." –THE MERKLE 

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3. Lyft will partner with Solve.Care, a blockchain-focused startup, to more easily provide rides for health-related appointments. The goal is to improve access to different medical transportation options for patient in non-emergency situations. Solve.Care's wallet uses blockchain technology to automate data from patients, providers, and employers into a single system. By using Solve.Care's system, patients can schedule rides prior to their appointments and pay for them through the Solve.Care platform. –BTC MANAGER

Lyft to partner with blockchain company for healthcare rides
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4. Aya Miyaguchi, the executive director of the Ethereum Foundation, said the foundation will continue to shift its focus as the needs of the ethereum platform change. "What are things that only the Ethereum Foundatino can do?" she said at a recent developer conference. She sees two keys areas the foundation can help. First is increasing the communication with the public around the work being done to the ethereum platform. Second, she wants to increase the support and coordination work the foundation has done between different ethereum startups and projects. "I believe the Ethereum Foundation has established this trust relationship in the world where we do have the brand," she said. "People trust us to be neutral or honest about information so we just want to deliver the true information." –COINDESK

Ethereum Foundation director talks change
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5. Chess.com has suspended bitcoin payments due to "super frustrating" know-your-customer requirements on Bitpay and other crypto payment platforms. –ETHEREUM WORLD NEWS

6. The government of Bahrain has openly courted Indian cryptocurrency companies that can no longer operate in the country due to the Reserve Bank of India's cryptocurrency ban. –CCN

7. Avichal Garg, the managing partner of Electric Capital, took to Twitter to explain why Warren Buffet's recent dis of bitcoin may be a good thing. –ETHEREUM WORLD NEWS

8. Wyoming has passed 13 blockchain laws, making it the "Delaware of digital asset law." Caitlin Long tries to put these laws into perspective, highlighting their overall effects, and answering some common questions outsiders may have. –FORBES

9. Speaking of legislation, Utah lawmakers introduced a bill that would exempt certain blockchain-related products from the state's Money Transmitter Act. –COINDESK

10. Russian Railways plans to use blockchain for tracking passengers that qualify for discounted services. –COIN TELEGRAPH

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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