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Sponsored by   September 17, 2018 THE CRYPTO LIFE? After a 14-month civil forfeiture case, a California court ordered the seizure of property and assets of the late Alexandre Cazes. He was infamous for allegedly running the darknet marketplace AlphaBay and was arrested on those suspicions in July of 2017. Shortly afterward he committed suicide. Preceding his arrest the authorities found that his assets consisted of 1,605.05 bitcoins, 8,309.27 ether, 3,691.98 zcash and an unknown amount of monero, as well as four luxury vehicles including a Lamborghini Aventador— and six mansions. Websites operating on the darknet are one of the oldest and most controversial uses cases for cryptocurrencies. Prominent figures such as Microsoft founder Bill Gates and economist Paul Krugman have faulted cryptocurrency for being the go-to means of exchange for illicit transactions. Full Story  INSTITUTIONAL INTERFACE: Caspian, a project that is building an asset mangement tool targeted at crypto funds, was able to secure an investment of $16 million during a token pre-sale. David Mills of project backer Kenetic Capital told CoinDesk that Caspian arose from the dearth of products to help a crypto trading operation manage all the different parts of its business.  The tokens, based on the ethereum ERC-20 standard, buy access to Caspian, which has plugged into 25 crypto exchanges. Full Story IN CASE YOU MISSED IT: Tether's USDT is being phased out at Digifinex, a Singapore-based crypto exchange, which is replacing the controversial stablecoin with TrustToken's TrueUSD. The exchange's co-founder, Kiana Shek, told CoinDesk, "I simply don't believe in tether but I had no choice" but to list it until recently. Billed as a compliant and third-party audited alternative, TrueUSD is one of several new stablecoins that have arrived on the scene this year.  The exchange will still offer tether trading pairs during a transitional period. Full Story Where’s the hottest location for blockchain companies? CoinDesk Research looked into the matter and found the following: In descending order, San Francisco, London, and New York are the top three cities Half of the top ten cities are located within the United States San Francisco is also the top blockchain venture capital-funded city with a total of $1.2 billion For more research insights check out the CoinDesk Research section here. SPONSOR SECTION   MBAex is SE Asia's biggest blockchain assets trading platform powered by blockchain technology which allows all merchants and consumers to conduct trading of popular blockchain assets and digital currencies. MBAex launched the world's first multi-tiered affiliates' program to enable everyone to grow their wealth with the Company.  ​Learn More Here   STAGNATION? After a corrective rally late last week, bitcoin traded sideways over the weekend and is off a bit today. To get a sustained rebound, it needs to break the resistance at $6,500, technical analysis indicates. Full Story BEST OF THE BEST FORBES: The magazine profiles Coveware, a company that help companies navigate cryptocurrency payments when hit with ransomware attacks. While it's often said that the best way to discourage such attacks is to refuse to pay, this is not always a viable option for small firms that could be put out of business if they can't recover their data. THE REST CNBC: The head of regulatory relations for Asia-Pacific and the Middle East at Ripple, Sagar Sarabhai, suggested that the startup would soon be going live with a commercial application of XRapid. The product is said to use the cryptocurrency XRP to make cross-border transactions significantly faster. Western Union and Santander are just two of 120 companies parternering with Ripple on its other main product, xCurrent, which does not involve XRP.  WIRED: Here's yet another article about universities offering courses in blockchain and cryptocurrency. As reported by WIRED, Georgetown, NYU and Stanford are just among a few of the schools doing so, though some colleges are still skeptical about offering such courses as it's still an emerging technology.   We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by the Oxford Blockchain Programme.  Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 250 Park Avenue South New York, NY, 10003, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

æternity Community Update - August, 2018

Interested in the past, present & future of æternity? We have great updates for you! August was quite a prolific month in terms of content. :) Enjoy!

Dear æternity community, Working on developing a next generation, public blockchain platform is one of the most thrilling experiences anyone can have. At æternity we are confident that this will continue to be the case in the future, as the blockchain sphere matures and finds its way towards mainstream adoption. If you haven't already considered joining a blockchain project, now might be the perfect time! æternity should definitely be at the top of your list. We just announced a few open positions that might just be the perfect fit! Check them out at AngelList. Join the blockchain revolution today! The æternity team and community have come a long way, but there is much more to be accomplished. Launching the Mainnet is just the next step in a process of evolution that see æternity emerge as the preferred blockchain platform for billions of users worldwide. æternity is a community project on a global scale. It is YOUR project. Thank you for the support and being part of this marvelous journey. Here's some of the most interesting news from the æternity movement in August: Roadmap Update To provide the community with updated information about the past, present and future of the æternity project, we updated the Roadmap on our website. We also posted a new blog to accompany the update and provide information about the project's evolution during the past few months and highlight the road ahead. Check out the article at the link below. ROADMAP UPDATE Getting Started with æternity In order to help people to get up-to-speed with æternity quickly, we prepared a short blog post with links to essential information about the project. It is a great resource for both newcomers and æstronauts! Click below to access it. GETTING STÆRTED RESOURCES Two New Webinars As you may know, we have started a webinar series in order to keep the community updated on different aspects of the æternity project. In August, Vlad from the marketing team created one dedicated to Scaling Decentralized Applications, while Erik from the development team explained Sophia, æternity's own smart contract language. Some interesting questions were asked and answered during both events. Watch them in YouTube.  WATCH THE WEBINARS Content in August The marketing team is ramping up content creation and we have some great pieces that will be shared with the community very soon. However, you don't have to wait to experience the payoff of the team's efforts. In August, we published a great piece about Self-Sovereign Identity, the Future of Payment Gateways, and a blog post comparing Proof of Work with Proof of Stake. Finally, we also shared an interview with the most senior developer on the team, co-creator of the Erlang programming language and Gotland island resident Robert Virding. Read them all by following the links above! Development and æpp Updates In August the spotlight was, as usual, on the wizards of the æternity project - the technical and creative people in the team. The æpp developers started the process of integration of AirGap, a solution that will increase the security of AE accounts by allowing users to sign transactions offline. They also introduced a faucet for Testnet AE tokens and a Sophia smart contract web tool that allows developers write, deploy, and call smart contracts. The dev team was busy covering tasks from the Pivotal Tracker and pushed out two new releases on schedule. You can read all æpp updates here, and all dev ones - here. Events To stay up to date on where and when to meet team members next, have a look at our events list by clicking the button below. ÆTERNITY EVENTS æmbassador Meetup in Xiamen, China! æternity's æmbassador Zen explained the main technological features of the blockchain, dedicating special attention to state channels and oracles. If you are interested in becoming an æmbassador for your city, send a mail to Erik or apply directly. Thank You for Your Ongoing Support!   If you would like to interact with the team or community, please feel free to join one or more of the channels below. Social Media Channels Facebook Twitter Google+ LinkedIn ##aeternity on freenode Blogs, Forums & Chats Medium Forum Reddit Telegram Bitcointalk We are thrilled to have you with us! The æternity team Our mailing address is: info@aeternity.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Why target a bank?

September 17, 2018

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QUOTE OF THE DAY

“The Efficient Markets Hypothesis fails because humans are herd animals, not independent rational actors. Thus the best investors tend to be antisocial and contrarian.”

- Naval

MARKET

COIN	PRICE	24H
BTC	$6,464.40612	-0.56%
ETH	$218.52316	+0.15%
XRP	$0.279876	+0.19%
BCH	$444.492192	+0.97%
EOS	$5.344284	-0.21%

*Information as of 9:30 AM EST

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RESEARCH

MyEtherWallet Targeted by Hackers More than Fortune 500 Banks, According to Research

TARGET ON ITS BACK

• According to research from the cybersecurity firm Segasec, the popular Ethereum wallet MyEtherWallet has been the target of more attacks than any Fortune 500 bank
• Segasec, who is the publisher of this research, is the firm responsible for defending MyEtherWallet from malicious attacks
• MyEtherWallet doesn't take security lightly, if you have visited their site, you know that there are many warnings to protect users from potential attacks

ATTACKS BECOMING MORE COMMON

• Yes, the market has slumped drastically this year, but attackers are attempting to steal crypto more than ever
• Segasec reports that is takes down an average of 30-40 active attacks to MEW's platform per week and these numbers are increasing
• Before hiring Segasec, MEW founder Kosala Hemachandra and his team, protected the site themselves
• As attacks became more common, the team became overwhelmed and decided to outsource security to Segasec

Hemachandra explained the motivation to hire Segasec to secure MEW:

“We want our users to feel safe and we will do everything we can to make that happen, so partnering with Segasec is another major step towards safeguarding our users from malicious actors.”

EASIER THAN BANKS

• The reason that hackers are targeting crypto wallets more than banks is that it is more profitable
• The nature of crypto makes it easier for hackers to steal funds, all one needs is a private key and there is no central authority to protect individuals from fraud
• Lastly, hackers flock to crypto because they believe it is more likely that they will get away with stealing users' funds

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INTERNATIONAL

Indian Government Sites are Prime for Cryptojacking Malware

PRIME TARGETS

• According to the Economic Times, official Indian government websites are the prime targets for cryptojacking malware
• Since cryptojacking malware aims to mine cryptocurrencies using an unknowing victim's processing power, high traffic websites are sought after
• For India's official government websites, they not only get high traffic but are also trusted by citizens

Indian security researcher Indrajeet Bhuyan commented on the efficiency of cryptojacking rather than a full takeover:

"Earlier, we saw a lot of government websites getting defaced (hacked). Now, injecting cryptojackers is more fashionable as the hacker can make money.”

A GROWING ISSUE

• In 2018, cryptojacking incidences have grown wildly due to scripts that can operate undetected on the surface level of a victim's computer
• According to the Economic Times, over 119 non-government Indian websites run the Coinhive script that allows hackers to mine Monero (XMR) through web browsers
• Looking forward, security analysts believe the next frontier for cryptojacking is the internet of things (IoT) devices since these devices have a high processing power
• And it seems to be already starting since this year over 13,500 home routers in India were identified to be infected with cryptojacking malware

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ANALYSIS

Ethereum's Hashrate Falls 15% in Last Month

SLIDING FROM THE PEAK

• According to Etherscan, Ethereum's hashrate has now receded 15% from its peak less than 30 days ago in August
• The 15% drop has left Ethereum with a hashrate hovering around 259 TH/s, a level not seen since February
• According to Trustnodes, this is the biggest drop in Ethereum's hashrate this year and may be the biggest hashrate drop since Ethereum's inception in 2015

EXPLAINING THE FALL

• The drop in hashrate simply means less power is needed to mine Ethereum
• Some experts speculate that the 15% hashrate pullback is caused by Ethereum miners turning off their mining rigs since Ethereum mining has become unprofitable after the price drop from over $400 to a 2018 low of $170 in just two months
• If true, this would mean Ethereum's price has hit the cost of production floor like Bitcoin did in 2014-2015 when many miners filed for bankruptcy
• In addition, Trustnodes notes that the 15% hashrate fall could be that "super efficient" ASIC miners have had little to no effect on Ethereum mining compared to Bitcoin mining where the hashrate has hit all-time highs as new ASIC miners are introduced

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EXCHANGE

Binance's New Singapore Fiat-Crypto Exchange Set to Launch

INTRODUCING FIAT-CRYPTO

• Tomorrow, lead crypto exchange Binance will launch its brand new Singapore fiat-crypto exchange into a closed beta testing phase
• This is a first for Chinese-founded exchange as Binance has traditionally only supported crypto-crypto trading
• Though details haven't been released yet, it is assumed that the new exchange will support the Singapore's local dollar for the main fiat onramp

CONQUERING THE GLOBE

• Since its birth a little over a year ago, Binance has had insane growth and even recorded quarter one profits that beat 148-year old Deutsche Bank's profits
• To facilitate this growth, Binance is expanding to countries who are welcoming cryptocurrencies such as Uganda, Malta, Liechtenstein, and now Singapore
• However, these moves only come after the exchange escaped strict regulatory events including China's crypto ban and Japan's shutdown threat

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BITS

• Zimbabwe’s newly minted Minister of Finance says cryptocurrencies could assist the southern Africa country to solve its cash crunch.
• New patent filings show Mastercard is looking at the use of blockchain for keeping track of consumer payments.
• Popular portfolio app Blockfolio released a sneak preview of its upcoming v2.0 update.

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COIN OF THE DAY

Zilliqua (ZIL)

Zilliqa is the first high-throughput public blockchain platform that implements sharding. Sharding ensures that the transaction throughput increases as the mining network expands. The platform is tailored towards enabling secure decentralized apps, designed to meet the scaling requirements of real-world applications. Zilliqa has been under research and development for two years. It has powered several ground-breaking deployments commercially to date.

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