Hyperledger welcomes Ethereum Foundation, Microsoft, and others to new identity project

Today at 01:12:52 pm

Hyperledger announced it has accepted eight new members and launched a new project focusing on new infrastructure for decentralized identity, including the Ethereum Foundation and Microsoft.

Gloscad, Microsoft, Milligan Partners, Nornickel and Salesforce have joined as general members and China Academy of Information and Communications Technology (CAICT), Ethereum Foundation and GS1 US are now associate members.

Brian Behlendorf, Executive Director of Hyperledger commented:

“The mix of blue chip technology companies, international organizations, logistics and manufacturing players and academia that have joined us from point around the world show the widespread interest and investment in open source enterprise blockchain technologies. This broad-based involvement is what drives our expanding portfolio of open source projects, which are fully conceived, developed and advanced by the ever-growing Hyperledger community.”

Hyperledger Aries
Hyperledger Aries is the second project to spin off from Hyperledger Indy after Ursa. Ursa provides a library of advanced cryptographic operations consolidated from other Hyperledger projects and Aries continues the work of Indy to provide a protocol for decentralized identity.

According to its announcement, the intention of Aries is to:

“Provide code for peer-to-peer interaction, secrets management, verifiable information exchange, and secure messaging for different decentralized systems.
Foster practical interoperability in support of ongoing standards work and extend the applicability of technologies developed within Indy beyond its current community components from the Hyperledger stack into a single, effective business solution.”
In reference to the diagram below, Drummond Reed, Chief Trust Officer at Evernym explains how Aries differs from Indy:

“When it first began, the Hyperledger Indy project included code for all three of the lower layers…This was very powerful, but also somewhat overwhelming for new developers. And it gave the impression that layers 2 and 3 were tied to the Hyperledger Indy permissioned blockchain code at layer 1.

Separating out layer 2 and 3 code into a new independent project brings clarity to the fact that the goal of this four-layer stack is universal interoperability among all SSI ledgers, agents, wallets, verifiable credentials, and governance frameworks.”

Hyperledger is both a collaborative effort to develop cross-industry, open source software and a collection of frameworks and tools for developing blockchain applications for the enterprise. Hosted by the Linux Foundation, the venture currently consists of 13 projects, including the recently-announced Hyperledger Aries.

Pre-approved non-profits, open source projects, and government entities can join Hyperledger as associate members free of charge.



Today at 12:47:05 pm

The CEO of one of the world’s biggest cryptocurrency exchanges has said he will “wipe the floor” with economist and notorious Bitcoin bear Nouriel Roubini next month.

Confirming his participation in a debate with the fiat veteran, BitMEX CEO Arthur Hayes laid down the gauntlet ahead of time, promising to stand up for Bitcoin in the face of one of its most outspoken critics.

The debate, which is described by organizers as the “biggest in cryptocurrency history,” will take place 2019 Asia Blockchain Summit in Taipei on July 3.

Dubbed the ‘Cryptocurrency Duel,’ the event echoes a previous encounter between Roubini and trading guru Tone Vays, which was marked by the former shouting down his opponent when he attempted to build arguments around cryptocurrency.

“I’m going to wipe the floor with that chump,” Hayes promised on Twitter.

As Bitcoinist often reports, Roubini has made a name for himself as the ultimate naysayer when it comes to Bitcoin. Known as ‘Dr. Doom’ for his negativity, the economist continues to express all-out doubt about any cryptocurrency having a tangible future in the global economy.

His most recent outburst focused on stablecoins, which he described as “an oxymoron as most of them are unstable and not fully backed.”

“They are like fixed rate regimes or currency boards that eventually collapse,” he tweeted Wednesday.

Previously, in November 2018 as Bitcoin price suffered a sharp drop after the Bitcoin Cash hard fork, Roubini claimed the event was a sign BTC/USD was trending to zero.

He has since witnessed markets rebound to their highest in over a year, but shows no sign of U-turning on his position.

The debate with Hayes will come several weeks before the cryptocurrency industry takes on another of its arch critics in the form of Berkshire Hathaway CEO Warren Buffett.

Having called Bitcoin “rat poison squared” among other things, Buffett will spend his annual charity auction lunch event in the company of some of the best-known crypto figures.

Justin Sun, CEO of blockchain platform Tron, won the auction and paid over $4.5 million to dine with Buffett. Charlie Lee, creator of Litecoin, will also attend, along with various others.

“It might be unrealistic in just three hours to convince Warren Buffett to buy cryptocurrencies… We just want to show him the recent progress of… cryptocurrency and… blockchain technology,” Sun told the media about the plan.


Libra VS Bitcoin: What Is Facebook’s Libra Coin? Why Is It Different From Bitcoin?

Today at 12:33:53 pm

With the release of social media giant Facebook’s digital asset, might come confusion for folks who do not know much about Bitcoin. Let’s dive into what Facebook’s new Libra coin is, and how it differs from the most famous cryptocurrency Bitcoin.

Facebook’s Libra Asset
Operating under the name Libra, the digital asset by Facebook will be used for global payments, according to its whitepaper, released on June 18, 2019. “Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people,” the whitepaper stated.

The whitepaper talks about the current problems in global finance, including limited access for certain individuals and high fees, for example. The paper also points out a few difficulties, such as a lack of adoption seen in crypto assets, as well as volatility seen in those assets.

Noted in its whitepaper, the Libra touts three key components:

“It is built on a secure, scalable, and reliable blockchain […] It is backed by a reserve of assets designed to give it intrinsic value, and it is governed by the independent Libra Association tasked with evolving the ecosystem.”

Facebook’s asset runs on an open-source blockchain called the “Libra Blockchain,” and operates in relation to a reserve, the whitepaper said.

“Libra is fully backed by a reserve of real assets. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created, building trust in its intrinsic value. The Libra Reserve will be administered with the objective of preserving the value of Libra over time.”

The asset will be a stablecoin of sorts, the whitepaper said. “Libra is designed to be a stable digital cryptocurrency that will be fully backed by a reserve of real assets — the Libra Reserve — and supported by a competitive network of exchanges buying and selling Libra.” The Libra Association is also in charge of the coin supply and its relation to the reserve.

Besides, the paper mentions the Libra Association. “The Libra Association is an independent, not-for-profit membership organization headquartered in Geneva, Switzerland,” the whitepaper explained. “The association’s purpose is to coordinate and provide a framework for governance for the network and reserve and lead social impact grant-making in support of financial inclusion,” the paper added. “The association’s membership is formed from the network of validator nodes that operate the Libra Blockchain.”

Comprised of various businesses, organizations and institutions across the globe, the Libra Association’s “Founding Members” list is quite substantial. The list includes the likes of PayPal, Mastercard, eBay, Lyft, Vodafone Group, Coinbase, Andreessen Horowitz and Union Square Ventures, in addition to many more. The asset is expected to launch within the first six months of 2020, the whitepaper said.

The Libra will begin with operations based on a permissioned blockchain, with the goal of turning into a permissionless network, the whitepaper said. Libra’s blockchain also differs from traditional blockchain technology with regards to its chain. “[T]he Libra Blockchain is a single data structure that records the history of transactions and states over time.”

In terms of asset addresses, the whitepaper stated such addresses will still be pseudonymous, similar to what currently is seen in crypto.

Bitcoin Vs. Libra: Vastly Different

Bitcoin differs significantly from Facebook’s new asset in many ways. Perhaps the most notable difference lies within Bitcoin’s decentralization. No single entity controls Bitcoin. In contrast, Facebook and the Libra Association have a large amount of control over the Libra asset and its usage. Libra’s Association setup also appears to give sizeable entities (or chosen entities) power in terms of what might become a top global asset – the Libra. Bitcoin does not give control to such businesses in the same fashion.

A Question Of Value
Facebook’s digital asset also is tied to national currencies and other assets. This means Libra’s value depends on the inflation and effects of the underlying currencies, as well as government control. Bitcoin’s value is not dependent on any single government in the same way seen in fiat currencies (USD, AUD, etc.).

Bitcoin is also deflationary. There will only ever be 21 million Bitcoin in existence. This protects against inflation. In contrast, the Libra Association, as stated above, is in control of the Libra asset’s supply. Essentially, this means citizens must rely on the Libra Association and its actions, in a way.

Different Types Of Blockchains
Facebook’s Libra initially will run on a permissioned blockchain, which means miners must seek approval before starting to mine. Bitcoin’s blockchain is permissionless, so miners can simply begin mining at their discretion.


Мошенники атакуют: в Mozilla критическая уязвимость, а приложения Android похищают данные

Today at 12:26:34 pm

Coinbase Security и исследователь в сфере безопасности Google Сэмюэл Гросс обнаружили в браузере Mozilla Firefox уязвимость, позволявшую манипулировать объектами Javascript. Она уже использовалась для атак на пользователей криптовалют. Об этом сообщается на Medium.

Уязвимость нулевого дня получила идентификатор CVE-2019-11707, а в Firefox багу присвоили критический или высший уровень угрозы.

«Критическая уязвимость — она может использоваться для запуска кода злоумышленника и установки программного обеспечения, не требующего взаимодействия с пользователем, кроме обычного просмотра».

Фактически злоумышленники могли вынудить пользователей переходить на вредоносные сайты и таким образом получать возможность выполнять произвольный код на устройствах своих жертв. Воспользовавшиеся багом мошенники могли устанавливать программы, просматривать, изменять или удалять данные, а также создать новые учетные записи.

Пользователей призвали как можно скорее обновиться до новой версии Firefox 67.0.3 и Firefox ESR 60.7.1, в которых уязвимость устранена.

Помимо этого, обнаружены вредоносные приложения для ОС Android. Они могли похищать одноразовые пароли двухфакторной аутентификации, используя систему уведомлений.

Исследователь компании ESET Лукаш Стефанко выявил целый ряд приложений (BTCTurk Pro Beta и BtcTurk Pro Beta), выдающих себя за турецкую криптовалютную биржу BtcTurk. Они могли похищать данные учетных записей и использовать их в сервисах, защищенных двухфакторной аутентификацией.

Отметим, в начале года Google наложил ограничения для приложений, запретив им получать доступ к SMS-сообщениям и журналам звонков без серьезного обоснования. Тем не менее злоумышленники смогли обойти эти ограничения: приложения запрашивают разрешение на проверку уведомлений и управление ими.

Как только оно получено, пользователям предлагалось ввести свои учетные данные от различных криптовалютных сервисов в фальшивые формы. Собранная информация передавалась на сервер злоумышленников, а они получали доступ к уведомлениям, поступающих от других приложений. Примечательно, что мошенники также могли выключать звук, оповещающий о приходящих уведомлениях, так что жертвы даже не знали о несанкционированном вмешательстве.

Так, исследователь обнаружил фильтры, выделяющие своего рода целевые приложения, чьи имена содержат ключевые слова gm, yandex, mail, k9, outlook, sms и messaging.

Напомним, недавно аналитики компании ESET обнаружили в магазине Google Play фейковое приложение Trezor Mobile Wallet, замаскированное под популярный кошелек и похищавшее криптовалюту пользователей.


В России заблокировали криптообменник через два года после решения суда

Today at 12:17:22 pm

Криптообменник ALFAcashier заблокирован в России спустя почти два года после решения суда о блокировке.

Решение о блокировке домена было вынесено Приморским районным судом Санкт-Петербурга 30 августа 2017 года. Как следует из решения, основанием для блокировки послужили сведения о курсе валют, размещенные на сайте

Тем не менее, как говорится в официальном обращении представителей криптообменника, руководство сервиса не было официально уведомлено о том, что необходимо устранить какие-либо нарушения. По по закону перед блокировкой владелец веб-сайта должен был быть уведомлен и ему дано время на устранение нарушений.

Примечательно, что блокировка вступила в силу только лишь спустя 1 год и 9 месяцев — 30 мая текущего года началась массовая блокировка домена ALFAcashier российскими провайдерами. Владельцы обменника запустили официальные зеркала веб-сайта.

Сейчас на территории России обменники криптовалюты и иные аналогичные сервисы никак не регулируется и не запрещены к использованию, как и размещение информации о цифровых активах. Команда ALFAcashier будет оспаривать данную блокировку в суде.

Сервис обмена ALFAcashier работает на рынке обмена электронных и криптовалют с 2012 года и предлагает к обмену более 20 криптовалют и токенов, на сайте присутствует целый раздел техподдержки, через который можно получить обратную связь.

Напомним, что в марте текущего года Роскомнадзор по решению Куйбышевского районного суда города Омска заблокировал мониторинг обменников и сайты трех криптообменников. Суд принял решение о блокировке еще в июле 2018 года, но порталы заблокированы только 11 марта текущего года. Суд признал информацию, распространяемую в интернете и размещенную на интернет-сайтах (это бесплатный Интернет-сервис, помогающий находить обменные пункты с самыми лучшими обменными курсами),,,, запрещенной к распространению на территории РФ, а также постановил заблокировать данные сайты.

Летом прошлого года закончилась двухлетняя история по блокировке сайта о криптовалютах Bitcoininfo. Суд признал незаконным решение суда нижестоящей инстанции. Из-за неверного постановления сайт не мог функционировать в течение длительного времени. Напомним, для этого решения потребовалось вмешательство Верховного суда России. В ноябре прошлого года суд постановил взыскать с прокуратуры Санкт-Петербурга в пользу владельцев сайта судебные издержки на сумму 150 тысяч рублей.


Японское агентство говорит, что интересующихся биткоинами стало больше на 70%

Today at 12:10:43 pm

Агентство по делам потребителей (CAA) кабинета министров Японии, которое занимается защитой прав потребителей, сообщило, что увеличилось количество запросов, связанных с криптовалютами.

В сообщении CAA говорится, что за последний финансовый год агентство получило 3657 запросов, касающихся криптовалют, и это примерно на 70% выше, чем в предыдущем году.

Большинство вопросов касаются надёжности криптобирж, безопасности, проблем анонимности, а также технических трудностей, связанных с обработкой платежей.

Сообщение CAA было опубликовано после того, как Национальное налоговое агентство Японии объявило о том, что намерено принять меры против организаций, занижающих свои криптовалютные доходы. Агентство привлекло около 200 специалистов для того, чтобы выявлять доходы, связанные с торговлей криптовалютой.

Напомним, что Япония стала первой страной, которая узаконила биткоины как средство платежей ещё в 2017 году.


Brad Garlinghouse Says New MoneyGram Partnership Will Have ‘Big Impact’ on XRP-Powered xRapid

June 18, 2019, 09:13:14 am

Ripple CEO Brad Garlinghouse says the company’s new partnership with money transfer giant MoneyGram is a big step forward for emerging blockchain and crypto industry. MoneyGram will use Ripple’s cross-border payment product xRapid to settle cross-border payments using the digital asset XRP, according to a press release.

Ripple announced the strategic partnership with MoneyGram on Monday.

Garlinghouse told Bloomberg TV the partnership will help Ripple transform the cross-border payments industry.

“The deal is a big step for Ripple, but I think it’s even a bigger step for the overall industry. There’s been a lot of excitement around what blockchain and digital assets and crypto can mean for the industry and I think it’s the reason why players Facebook are diving in also. But we haven’t yet seen much beyond experimentation.

And at Ripple, I think we are the market leader because we have matured aggressively and we’re really solving real problems for real customers. MoneyGram is just the manifestation of that. And as the second largest global remittance company, we’re able to have a big impact with one customer and one partner in this.”

MoneyGram owns about 5% of the global remittance market, according to a 2017 report from Financial Times.

As part of the deal, Ripple will buy up to a 10% stake in MoneyGram at $4.10 a share. So far, Ripple’s investment is $30 million, and MoneyGram can decide to bring that number up to $50 million.

According to Garlinghouse, the company is focused on growing xRapid and expanding the number of payment routes available on the platform. Since launching in October of last year, Ripple has opened one xRapid route between Mexico and the Philippines.

“…with this new product around liquidity, we’re now enabling liquidity into the Mexican peso and the Philippine peso. We certainly expect to be much broader than that, but we’ve only been live with this product for about six or seven months. So we feel like we’ve made tremendous progress in a short amount of time. We’re going to continue to invest with the customers we have today as well as expand the number of corridors we have globally.”

As for Facebook’s entry into crypto, Garlinghouse says he thinks the social media giant will focus on consumer products and leave an open door for Ripple’s enterprise efforts.

“I think it’s an incredibly positive signal for the overall blockchain and crypto market to have a player like Facebook leaning in. I think there’s been obviously a lot of skepticism in the origins of crypto, coming from kind of an anti-government and anti-bank point of view. [But] to see major industry players lean in and participate I think is really positive for the overall market.

It will be really interesting to see what part of the market they focus on. David Marcus has been an incredible leader and given his experience at PayPal, I expect we’ll see them do something very consumer-y oriented – part of the payments system…

Facebook is obviously a consumer-oriented company. Instagram, WhatsApp. What Ripple is doing is really enterprise infrastructure and interconnecting various payment networks around the world. So we’re working with some of the biggest banks around the world, small payment providers and really providing that interoperability between the different networks as opposed to solving within a network kind of problem. So it’s really very different than what I expect they’re going to be doing.”


Coinbase Expects to Soon Hold Custody for $2 Billion in Crypto

June 18, 2019, 09:04:43 am

Some USD 1.3 billion in digital assets now sit under the care of Coinbase Custody, and if the custodial services firm is to be believed, this will soon reach USD 2 billion in total assets under custody (AUC). A statement from the company reads:

“We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there. […] Coinbase Custody services over 90 clients. Of those, approximately 40% are outside of the US.”

A Twitter thread published last week by the official Coinbase Custody account reveals this figure, shortly after a visit to the UK from its CEO Sam McIngvale and chief information security officer Philip Martin, which was “to discuss the institutional cryptoeconomy with a range of prospects and clients”.

At the meeting, the firm reportedly considered itself an institutional grade offering, despite there being none in the crypto space yet. Its services are insured, regulated and secure, it says, justifying this claim.

Coinbase Custody considers crypto a maturing asset class, and along the journey to full maturity, fintech hubs such as London are attracting the very best in crypto innovation.

Mid last month Coinbase CEO Brian Armstrong had stated a figure of USD 1 billion AUC, though rising Bitcoin valuation since then should likely explain the USD 300 million increase.


Will Facebook’s GlobalCoin Kill Off Popular Understanding of the Word Cryptocurrency?

June 18, 2019, 08:34:55 am

Rumors surrounding Facebook’s in-house cryptocurrency GlobalCoin has been doing the rounds for months on end. In less than ten days, first-hand details will replace much of the widespread speculation across the internet.

On June 18, Facebook will publish a whitepaper for its upcoming cryptocurrency GlobalCoin. The company’s Head of Financial Services & Payment Partnerships for Northern Europe, Lauren Laura McCracken, confirmed the news this past week.

Speaking to German publication WirtschaftsWoche at a trade conference in Amsterdam, McCracken divulged that not only the U.S. dollar will back the company‘s stablecoin. Instead, she said, GlobalCoin value will be kept stable by “a basket of fiat currencies.”

While this statement indicates Facebook’s plans to dominate the institutional crypto space globally, critics are voicing their concerns.

Will GlobalCoin Be Accommodating to Developing Markets?
Luis Buenaventura is a crypto cartoonist and founder of BloomXorg. His company provides blockchain-powered remittances to the Philippines. Buenaventura says it’s “hard to comment on FB coin [sic] without seeing it in action but it’s likely that this will be (like many other “global” wallets) more of a developed-market product that ignores the last-mile challenge in emerging regions.”

On the flip side, Facebook could gear up to market GlobalCoin to regions where unstable currencies run rife. This will probably not be a good thing. Giant mega corporations out to save the world, in real speak, translates to giant mega corporations out to own the world. Big difference.

Will It Monopolize?
American broadcaster and host of the Keiser Report, Max Keiser, isn’t optimistic either:

“The alt-coin apocalypse is nigh. This will drive Bitcoin higher, as BTC competes with Gold, not fiat. (Also, crypto ‘payments’ companies likely to wiped out).”

If the man himself is any indication, then yes – a monopoly is exactly what they‘re after. At the company’s annual F8 event for developers, Zuckerberg hinted at what is sure to be interpreted as the company’s philosophy:

“I believe it should be as easy to send money to someone as it is to send a photo.”

Will GlobalCoin Replace Other Cryptocurrencies?
A Facebook-owned coin can’t replace other cryptocurrencies. Not only is it not, strictly, a cryptocurrency as we know it (it’s more closely related to Ripple than Ethereum, for instance), but it definitely won’t be One Coin to Rule Them All. Even if the name, subliminal master par excellence, suggests otherwise. Or if the New York Times reports that Facebook is “hoping to succeed where Bitcoin failed”.

But the concern isn’t a technical one. It’s sheer scale.

GlobalCoin might not be a cryptocurrency in the true sense of the word (Forbes has called it a one of a mounting range of “centralized, faux cryptocurrencies”), but it’s poised to become the poster child of exactly that in the eyes of everyday people not accustomed to the ins and outs of cryptocurrencies and blockchain technology.

Facebook has always played the numbers game. It’s the biggest digital ‘nation-state’ on earth. And where it has seen competition, those were bought out and assimilated into the Facebook universe. You can’t escape Facebook on Instagram or on WhatsApp – they’ve both become Zuckerberg-owned spaces.

Most Importantly, Will GlobalCoin Change the Very Definition of the Word ‘Cryptocurrency’?
Guess where our digital versions spend most of their time? No surprise, Facebook, Facebook Messenger, Instagram, and WhatsApp top the list in many countries. Giving up Facebook itself doesn’t mean you’re giving up the company. It’s like breaking up with your partner but staying best friends with their sister, their brother, and their cousin. The company’s aggressive mergers and acquisitions strategy is paying off. It traps most of us under at least one of its owned-app spells.

Terminator had SkyNet; this company is our AttentionNet. In some ways, Facebook is the attention economy. And it doesn’t give up trying to win us over, either. If data is a problem in your part of the world or you own a low-end device, don’t let that stop you. Try Facebook Lite. Because there‘s strength in numbers, and you’re a key player. We’re all key players. All 2.5 billion of us.

That’s why we have to ask ourselves: What will happen when the majority of Facebook’s consumer audience come to think of “cryptocurrency” as “GlobalCoin”? Will that be a nail in the coffin of everything the crypto community has worked so hard for to mainstream digital currencies?


Прогноз: если ETH преодолеет рубеж в $302, то нас ждет рывок монеты до $1000 до конца года

June 18, 2019, 07:11:18 am

Эфир (ETH) готовится подскочить до $1000 к концу 2019 года, такой прогноз озвучил в Твиттере аналитик и трейдер Беньямин Блунтс, увидевший сигналы к повторению ралли монеты двухлетней давности.

Он уверен, что сегодняшнее положение самого известного альткоина может стать отправной точкой для повторения траектории его движения во второй половине 2017 года.

Отметим, что эфир действительно начал новую неделю ростом. В ночь на вторник, 18 июня, монета приблизилась к $275. Рыночная капитализация эфира достигла $29,129 млрд при суточном объеме торгов монетой чуть более $5,815 млрд.

Трейдер сравнил движение монеты весной-летом этого года с динамикой изменения ее курса в 2017 году и пришел к выводу, что между двумя графиками много общего. Сегодняшнее положение ETH напоминает его движение в начале 2017 года, когда впервые криптовалюта превысила $100.

Блунтс подчеркнул:

"ETH 2017 – настоящее сравнение, если мы пробьем $302, то дальше смотрите, черт возьми"

Отметка в $302 станет фазой сопротивления, преодолев которую монета начнет двигаться к новым высотам с еще большей скоростью.

Стоит отметить, что еще одним драйвером роста ETH станет не только общая активизация инвесторов, но и приближающаяся дата запуска обновленной сети Ethereum 2.0.

Ранее сообщалось, что это событие состоится в начале январе будущего года. Переход к обновленному блокчейну станет еще одним шагом на пути закрепления за эфиром статуса крупнейшего альткоина.


Междилерский брокер TP ICAP предложит клиентам биткоин-фьючерсы CME

June 18, 2019, 07:05:28 am

Работающая на мировых финансовых, энергетических и товарных рынках международная компания профессиональных посредников TP ICAP plc, по сообщению Blooomberg, начнет выступать как посредник в сделках клиентов по покупке и продаже биткоин-фьючерсов на Чикагской товарной бирже (CME). Привязанными к биткоину беспоставочными форвардами сначала займется новое подразделение компании в Лондоне, а позже – в Азии и США.

Как сообщается, желающим начать работу с криптовалютами клиентам TP ICAP необходимо пройти процедуру идентификации и проверки согласно политики AML. В дальнейшем компания не исключает возможности предоставления своим клиентам непосредственного доступа к криптовалютам, а не деривативным финансовым инструментам.

По словам главы TP ICAP в Европе, Средней Азии и Африке Фрица Фогельса (Frits Vogels), его фирма пытается быть как можно ближе к зарождающемуся классу активов, поскольку “считает важным делать инвестиции на ранних этапах роста рынка” и “понимает, что данная технология может уничтожить или повлиять на другие классы активов, с которыми работает компания”.

Напомним, что, по данным стратегов JPMorgan Chase, объемы торговли биткоин-фьючерсами достигают трети объема спотовой торговли первой криптовалютой и могут быть важнее для рынка, чем считается. Вместе с тем Чикагская биржа опционов (CBOE) прекращает торги фьючерсами на биткоин (XBT).


Нуриэль Рубини: токен Facebook не имеет отношения к криптовалютам

June 18, 2019, 06:56:21 am

Известный экономист, финансовый эксперт и криптоскептик Нуриэль Рубини (Nouriel Roubini) считает, что токен, который, как ожидается, вскоре запустит соцсеть Facebook, не имеет никакого отношения к криптовалюте как таковой.

“Ничего общего с блокчейном. (Это) полностью приватное, контролируемое, централизованное, верифицируемое и авторизуемое небольшим числом нод с контролируемым доступом (решение). При чем здесь блокчейн или криптовалюты? Ни при чем”, – сказал он в комментарии CoinDesk.

Рубини также добавил, что в корпоративных DLT-решениях от технологии блокчейн содержится только название, а публичный децентрализованный и не требующий доверия блокчейн остается несбыточной мечтой.

Напомним, что, по некоторой информации, компания Facebook публично представит свой криптовалютный проект Libra в начале этой недели. Ожидается, что криптовалюта будет построена на сети Libra Blockchain, а среди инвесторов проекта значится более десятка компаний, включая Mastercard Inc, Visa Inc, PayPal Holdings Inc, Stripe Inc,, MercadoLibre и Uber Technologies Inc, которые сформировали консорциум и договорились вложить в него по $10 млн.


Bitcoin (BTC) Rises Above $9,000: Rate of Interest and BTC Harshrate is Also Rising

June 17, 2019, 08:50:06 am


Recently, bitcoin price experienced a surge which brought its value to $9,323 within 24 hours. The coins saw an increase of 5.96% from $8,668 which was recorded yesterday.

Bitcoin Passed $9.3k
On Sunday, the coin traded above $9,300 before retracting. This is the highest prices Bitcoin has reached this year. Based on the current market sentiment, it has been reported that Crypto traders are awaiting a pullback in the price for them to buy more bitcoin. This was evident in the way the coin lost over $200 within 15 minutes before increasing once again from the $9,069 which it stayed at to $9,292 within an hour.

One Million Daily Active Addresses
Meanwhile, Bitcoin has set another record by increasing beyond one million daily active addresses, first of its kind since 2017. This is probably due to the coin’s traders in the U.S. who are exchanging their virtual currency holdings before Binance stop them from trading in mid-September.

Also, the new guidelines set by cryptocurrency exchange Bittrex are affecting crypto merchants as those living in the United States will be banned from conducting trade with several tokens.

Bitcoin which is the most widely paired altcoin can be used to bring about a wide range of crypto-to-crypto trades in order to avoid value from getting trapped in “dead coins” on the exchanges and even though they can convert their holdings to other coins, traders in U.S. traders will be able to cash out into fiat.

Interest in Bitcoin is on the Raise
Furthermore, the rate of interest on Google Trends in the United States has been increasing rapidly over the past seven days from about 15 to almost 100. Hotspot searches in the U.S. are highest in Nevada, followed by Colorado, California, Florida, and Washington.

The interest in Bitcoin globally increased to an index of 100 on the 16th of June with searches highest in Nigeria.


2 Reasons Why Bitcoin Will Continue Receiving International Capital Inflows

June 17, 2019, 08:44:49 am

The price of Bitcoin has shown remarkable support over the past month. While the price has fluctuated in the range of $8,000 to $9,000, the overall stability of the market has been encouraging for the faithful.

This stability is due, at least in part, to an increase in transaction volumes and investments in the cryptocurrency. While some would argue for a long-term adoption cycle, others point to a host of difficulties globally that will keep the capital influx moving.

While a number of issues exist, they can be divided into two categories — political and financial. Neither is encouraging, and both are driving investments in Bitcoin.

Political Unrest
The international political scene is confusing and scary for many consumers and investors. While there is some semblance of stability in certain regions, others are in turmoil.

The recent demonstrations in Hong Kong over its autonomy have revealed a deep-seated rift in Chinese politics. The largest economy in Asia, China has also seen slipping profits, as well as banking failures in recent months. This, along with potential trade war talks with the US, has created chaos in Asian markets.

What’s more, the tenuous stability of the Middle East remains in question. The recent attacks on oil tankers in the Gulf of Oman have heightened tensions between Iran and Western powers.

These reasons, along with political instability in the US and Europe, have led investors to pursue safe-haven assets like Bitcoin and gold. Political unrest is notoriously bad for investments, and many are seeking markets where government control is limited.

Financial Instability, Bitcoin Longevity
A host of financial issues have also cropped up globally. For example, the German 10-year bond offering at a historic low point of -0.24 percent has been widely seen as a sign of European financial collapse.

Additionally, the decade-long US economic freight train has come to a near-standstill. Financial analysts suggest that the Federal Reserve (Fed) will be forced to lower interest rates at least once this year — likely twice. The decision is linked with lackluster economic performance and dangerous inflation numbers.

As government-linked assets continue to destabilize and fiat currencies come under fire, Bitcoin gains more relevance. Because of its decentralized structure, the cryptocurrency offers investors a store of value (SoV) that is not connected to government involvement.

Financial Instability

Continued Movement
Of course, economic cycles happen. The growth over the past decade and the general financial stability must come to a halt at some point. However, observations of that cycle prove that during times of duress, investors move into stable assets.

This has been made abundantly clear with the increase in gold prices over the past month. The stability of Bitcoin during that same period shows that many investors perceive Bitcoin as a similar SoV asset.

Taken together, the political and financial unrest facing investors appears to be driving capital into Bitcoin As these issues are only beginning, the desire for such assets will only increase.


Bitmain Lawsuit Seeks Millions from Staffers Who Founded Rival Mining Pool

June 17, 2019, 08:41:54 am

Cryptocurrency mining giant Bitmain is locked in a legal battle with three former employees who started a rival mining pool.

Bitmain, the owner of, the world’s top bitcoin mining pool by hash rate, is suing the co-founders of Poolin, the seventh-largest pool, for allegedly violating a non-compete agreement – and it’s demanding $4.3 million in damages from one of them.

For their part, the three Poolin co-founders say they were no longer bound by the non-compete, since it was Bitmain that invalidated their contracts for failing to pay compensation on time as agreed.

The case offers a rare window on the inner workings and employment practices of Bitmain, one of the blockchain industry’s largest and most powerful companies.

Bitmain makes most of its money from selling mining equipment, according to financials disclosed during the firm’s abortive attempt to go public. But it also operates mining pools, essentially software products miners use to split rewards. This service accounted for $43.2 million of Bitmain’s revenues in the first half of 2018, the most recent period for which data is available, compared to $2.7 billion of hardware sales during the same period.

There are six lawsuits pending in the Beijing Haidian District court. The three Poolin co-founders –  CEO Zhibiao Pan; COO Fa Zhu; and CTO Tianzhao Li – each sued Bitmain preemptively, seeking to be released from the non-compete.

Bitmain, in turn, countersued each of them, claiming they caused significant losses to the company after leaving by operating a directly competing pool. Aside from seeking damages, Bitmain asked the court to order the Poolin executives to resume honoring the non-compete agreement. 

The dispute has largely escaped public notice, but video footage recently became available of an April 30 hearing where the two sides made their respective cases. The video only showed discussion of the case between Pan and Bitmain. As such, exact details regarding the other two former employees were not clear until now.

The birth of
The main dispute in these cases boils down to the roles the three Poolin founders played in Bitmain’s flagship mining pool, and the non-compete agreements they signed when they decided to leave Bitmain.

In a WeChat post written by Zhu and published by a Chinese crypto media outlet in January commemorating bitcoin’s 10-year anniversary, he briefly recounted the trio’s work at Bitmain.

Zhu wrote that back in 2015, the three – while still focusing on Bitmain’s original mining pool, Antpool – proposed to launch as a parallel service within Bitmain.

The idea was not initially supported by Bitmain, Zhu wrote, and the three had to develop and roll it out on their own using Pan’s own capital at the beginning. In 2016, Pan open-sourced the code of, which helped lower the threshold for anyone that’s interested in launching a mining pool business.

The three collaborators left Bitmain around mid-2017. Under the non-compete agreement, Bitmain would pay monthly compensation to Pan after his departure of about $2,780 for 24 months, and in return, prohibit him from specifically operating a bitcoin mining pool. The compensation for the other two under such agreements was not clear from the court video.

After their departure from Bitmain, Pan, Zhu and Li launched Poolin as mining pool for multiple cryptocurrency assets in November 2017. They didn’t launch a pool service for bitcoin until July 2018, when they mined Poolin’s first block of the largest cryptocurrency by market cap.

It has since grown into one of the largest bitcoin mining pools. Based on facts agreed on by both sides of the case and presented to the court, as of Feb. 14, Poolin was the third biggest operation by hash rate in the world, after and AntPool. All told, miners connected to Poolin had mined 26,825 bitcoin, worth $220 million at today’s prices.

Notably, Poolin’s share of the hash rate has dropped since then to about 8.2 percent, and its rank has fallen to No. 7, based on the current distribution of bitcoin’s network computation.

Bitmain cries foul
Subsequently, Bitmain alleged that such conduct violated the non-compete agreement, and demanded that Pan return all the paid compensation, as well as a fine of $667,000 for reneging.

Further, Bitmain’s lawyers argued at the hearing that the revenues Poolin generated from mining the 26,825 bitcoin should be considered a profit made by violating the agreement, which should be paid back as a loss to Bitmain.

“Based on the agreement, if it’s difficult to calculate all the direct and indirect loss [for Bitmain due to Poolin’s violation], then the loss should be calculated based on the profits made by the violating party,” one of the lawyers said.

“As of Feb. 14, the total profits for Poolin would be 26,825 bitcoin times 4 percent, which was their handling fee, and times bitcoin’s price at the time, which was 24,518 yuan [$3,500],” the lawyer argued.

That, added to the alleged fine, would amount to more than 30 million yuan, or about $4.3 million.

Poolin pushes back
But lawyers representing the Poolin founders argued to the court that Pan was not obligated to honor the agreement and thus should not be ordered to pay damages.

Pan’s lawyers said in the hearing that Bitmain failed to pay Pan the agreed-upon compensation on time, citing lines from the agreement that if Party A (Bitmain) did not pay the compensation within a month since Party B (Pan)’s departure, it would mean Party A voided its obligation.

Further, Pan’s lawyers argued the transaction fee Poolin received doesn’t necessarily translate to profits of the company because until the date of the hearing, the firm had not turned a profit. In addition, the fact that Poolin successfully mined 26,825 bitcoin also does not necessarily mean it would be a loss for, the lawyer said.

“There are a lot more bitcoin mining pools in this network. It’s not just Poolin v.s. Even if Poolin didn’t operate its bitcoin mining pool, it does not necessarily mean Bitmain will be able to mine those coins.” the lawyer argued.

So far, it’s not yet clear from the public record whether the court has made a judgment or when it will. The judge asked at the end of the hearing if there was a way for the two parties to settle the case. Lawyers from Bitmain declined to discuss that at the court and suggested waiting until after the hearing adjourned.

Bitmain declined to comment or provide further clarification on the status of the cases. Poolin executives did not respond to CoinDesk’s inquiries by press time.

This is not the first time Bitmain has had a legal dispute with former senior executives. In 2017, it sued Zuoxing Yang, a former Bitmain chip design director who left to launch Bitewei, a rival mining equipment manufacturer, over patent rights infringement. 

Bitmain initially demanded damages of 26 billion yuan, or $3.8 billion, but later reduced the claim to $380,000. In 2018, the court in Xinjiang that oversaw the case dismissed Bitmain’s complaint after Yang successfully revoked Bitmain’s patent over the technology in dispute.