Zaif wasn't safe

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Sponsored by   September 20, 2018 HANGING OUT A SHINGLE: The blockchain team from Royal Bank of Scotland has quit to form Chorum, a ConsenSys-like venture studio that will build on top of R3's Corda platform. "The blockchain space has outgrown and outpaced the incumbents including RBS," said Richard Crook, who formerly headed up the bank's blockchain work, explaining his decision to jump ship. "We wanted to be part of this wave of disruption to both." Crook and three engineers he brought with him will work under Chorum CEO David Williams, who is working on a token sale for up to $30 million for the startup's Arqit blockchain. Full story  ZAIF HACKED: The Japan-based crypto exchange Zaif lost $60 million worth of cryptocurrency in a theft disclosed today. The exchange first noticed suspicious activity on September 14, which prompted it to freeze the movement of assets.  The currencies that were stolen were bitcoin, bitcoin cash, and MonaCoin, which were procured from the hot wallets on the exchange. The local authorities have been alerted and will further investigate the incident. Another Japan-based exchange, Coincheck, was attacked earlier this year. It had lost $520 million in NEM tokens. Full Story GUESS WHO'S BACK: David Chaum, a digital currency pioneer, has returned and claims to have found the solution for all the problems plaguing cryptocurrency.  In an exclusive with CoinDesk, the creator of ecash said he believes that his new cryptocurrency, Elixxir, is able to to mitigate the speed, privacy, scalability and sustainability problems faced in the market today. However, his choice to require node operators to fill out KYC forms has some observers questioning the improvement in privacy. The spread of unfounded claims in the crypto space is what brought the "father of online anonymity" out from his fortress of solitude. At the core he believes that "cryptography is the only thing that can give power to the individual in the Information Age." Full Story Initial Coin Offerings (ICOs) raised $704 million in August, up 9 percent from July but remarkably down 86 percent from June's $5.4 billion raise amount. There were 52 ICO deals last month which is lower than the past few months, when the figure stayed north of 60. November 2017 saw similar levels at 50 deals. Fifty-two percent of ICOs had identifiable etherscan addresses as well.   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   PNC POP? XRP's price posted another double-digit gain, making it a standout performer among the major cryptocurrencies. The rally follows yesterday's news that PNC Bank will use Ripple'x xCurrent product, although it should be noted that xCurrent doesn't involve XRP. Full Story BEST OF THE BEST KUOW: The central Washington radio station reports that a local Public Utilites District board is set to vote on a measure to charge higher rates for cryptocurrency opertations. This area is one of many in Washington that saw a large influx of miners due to the cheap electric rates. Some nearby jurisdictiojs have issued moratoriums and some have already instated higher rates for cypto mining operations. THE REST WIRED: With crypto hacks becoming more frequent, the HTC Exodus may be received well.  The new phone, expected to launch at the end of this year, will use a part of the ARM chip called the TrustZone, seperate from the operating system, to store private keys. Though this is not a new solution, HTC hopes to help the "30-35 million people that have software wallets." THE INDEPENDENT: The U.K. newspaper reports on how, in the quiet hours of the night, a bug was discovered and fixed before malicious actors could take advantage of it to launch a denial-of-service attack on bitcoin. The exploit affected Bitcoin Core versions 0.14.0 to 0.16.0. An anonymous user on Github posted a warning to update the netwtork, writing, "It is recommended to upgrade any of the vulnerable versions to 0.16.3 as soon as possible." Amazingly, the vulnerability had existed unnoticed since March 2017.   We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk and 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

Exchange Hacked / Volatility / Eternal Blue / Crypto Cars

Subscribe | View in browser $BTC (12:52 p.m. EST): $6,431.53 (1.28%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More… $BCH (12:53 p.m. EST): $431.46 (1.24%) // 90-day high: $872.84// 90-day low: $420.58 // More… $ETH (12:53 p.m. EST): $211.49 (0.99%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (12:54 p.m. EST): $54.54 (1.55%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (12:54 p.m. EST): $0.37 (15.53%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Zaif, a Japan-based cryptocurrency exchange, was hacked and reportedly lost more than $60 million in cryptocurrency. The hack, which was announced Thursday, reportedly happened last Friday. The hackers stole bitcoin, bitcoin cash, and monacoin from the platform's hot wallet. About $20 million in coins belonged to the exchange, while the rest came from customers. Zaif did not specify how the attack happened. The exchange is expected to refund customers. –BITCOINIST       2. Bitcoin's price quickly dropped $200 on Wednesday, before immediately rising $400. The price swings all came within an hour's time. The moves coincided within minutes of a Cboe Bitcoin Future expiration. Bitcoin futures expiration have shown as having a turbulent effect on the price of the underlying cryptocurrency. –COINDESK       Seamlessly access digital currencies today with Uphold!  Instantly invest, convert, and transfer 8 cryptocurrencies + 23 fiats + 4 precious metals. With Uphold, you can send any currency to anyone, instantly for free. You can even connect to US and EU bank accounts, credit cards, and 8 blockchain networks. Uphold is trusted, transparent, and fully reserved. Click here to sign up for free >>>       3. Hackers have been able to illegally generate bitcoin, monero, and other cryptocurrencies through a software flaw leaked by the National Security Agency. The Cyber Threat Alliance said in a new report that hackers have taken advantage of a leak of Eternal Blue, a tool used to exploit vulnerabilities in outdated Microsoft software. Hackers can use to the tool to commandeer computer powers to generate digital currency. Eternal Blue was stolen from the NSA and leaded last year by a hacking group that calls itself the Shadow Brokers. –BLOOMBERG       4. Meet CyClean, a Singapore-based startup that is launching a fleet of blockchain-enabled electric vehicles that mine cryptocurrency as they drive. The goal of the vehicles is to reward users who purchase or rent these vehicles with cryptocurrency. CyClean vehicles will include a special chip that connects to the company's server. The chip tracks how far the car travels or the watts generated and reward the user accordingly. –COIN TELEGRAPH       5. Another hire: Coinbase has named Brian Brooks, formerly of Fannie Mae, as its chief legal officer. –TECH CRUNCH 6. Bitmain might be a sponsor for the Houston Rockets in the NBA. –REDDIT 7. It's been a rough go for Paragon – the company looked to build a social network for cannabis startups (and raised $70 million in an ICO) but has lost 96 percent of its market cap. –BITCOINIST 8. A new report from Multicoin Capital sets out a comprehensive bear case for litecoin, calling it "significantly overvalued." –COIN GEEK 9. Vice takes a deeper look at the bug found in bitcoin core with the ominous stat: Someone could have taken down the entire network for less than $80,000. –VICE 10. A consumer bought a Bentley with bitcoin – a first in the United States. –BITCOINIST       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: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Dozens of analysts covering news on 2,000 coins in 24/7 realtime. Over 80,000 staff-written headlines. CryptocurrencyNewsfeed.com

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