BitcoinDennis Sahlstrom

New Vulnerability In Bitcoin Core Would Have Allowed Miners To Inflate The BTC Supply
Bitcoin
New Vulnerability In Bitcoin Core Would Have Allowed Miners To Inflate The BTC Supply
A vulnerability was previously found in Bitcoin Core and has now been patched. However, it was far more severe than initially revealed according to developers in an update on Thursday. On the 18th of September, Bitcoin Core released an update, stating that a new version, 0.16.3, was available for download with a fix for a denial-of-service (DoS) vulnerability. The security issue CVE-2018-17144 was discovered, and, in older versions of Bitcoin…
California Prohibits Political Campaigns Accepting Donations in Bitcoin
Bitcoin
California Prohibits Political Campaigns Accepting Donations in Bitcoin
Politicians running for public offices in California, will not be able to receive crypto donations, due to the new ruling by the state‘s political watchdog, the Fair Political Practices Commission (FPPC). The five member independent commission voted 3-1 in favour of prohibiting campaign donations in virtual currencies. FPPC based their decision on a number of concerns, such as tracking the origin of crypto donations and political transparency issues. The decision…
Ex – FDIC Chari Sheila Bair Says We Need A Federal Framework To Regulate Cryptocurrencies
Bitcoin
Ex – FDIC Chari Sheila Bair Says We Need A Federal Framework To Regulate Cryptocurrencies
Sheila Bair is a former chair of the federal deposit insurance corporation (FDIC) and says the time has come for formal federal regulation to be established to regulate cryptocurrencies, in an interview with Yahoo finance. Bair is on the board of the blockchain start-up Paxos and said that cryptocurrencies are a legitimate asset class but not something retail investors should be investing in. She argues that people need to see…
Bitfury Debuts a New Generation Bitcoin Mining Chip
Bitcoin
Bitfury Debuts a New Generation Bitcoin Mining Chip
The crypto mining industry has seen the one company dominance for quite some time, as Bitmain commands around 70 percent of the global market for BTC mining solutions. However, with the mining giant currently preparing for its IPO, other players are trying to raise the competition and earn their slice of the pie. Bitfury Group has launched a new and more efficient bitcoin mining hardware, according to the official blog…
The SEC Starts Reviewing Application for Physically-Backed Bitcoin ETF
Bitcoin
The SEC Starts Reviewing Application for Physically-Backed Bitcoin ETF
Avid cryptocurrency industry observers will by now be well-versed in the ongoing struggle to have the US Securities and Exchange Commission (SEC) approve a Bitcoin-based exchange-traded fund – a so-called ETF. Yesterday, the SEC released a post on their website reading that they had now begun to formally review yet another Bitcoin ETF proposal. The crux? This particular ETF is to be backed by physical Bitcoin. Moreover, those behind this…
Japanese Cryptocurrency Exchange Hacked, $60 Million Worth of Bitcoin Stolen
Bitcoin
Japanese Cryptocurrency Exchange Hacked, $60 Million Worth of Bitcoin Stolen
Hackers have stolen $59 million worth of cryptocurrencies from the Japanese exchange Zaif, according to PR Times. Local news in Japan reported that the result of a security breach on September 14th resulted in that hackers stole 4,5 billion yen from users hot wallets and 2,2 billion yen from the companies assets. The total amount equals to $59,7 million. “It turned out that unauthorised access from the outside hacked some…
20% of Coinbase Trade Volume is Made Up by the Exchange Itself
Bitcoin
20% of Coinbase Trade Volume is Made Up by the Exchange Itself
Yesterday we have reported on the ‘Virtual Markets Integrity Initiative’, a report, compiled by the office of New York Attorney General (NYAG). The investigation suggests that crypto exchanges are prone to manipulation, lack transparency and cannot guarantee the security of their client funds. However, another concern that we did not cover is proprietary trading, utilized by half of the crypto trading platforms that voluntarily participated in the study. Proprietary trading…
Documentary Girl Lives in China for 21 Days With Only 0.21 Bitcoin
Bitcoin
Documentary: Girl Lives in China for 21 Days With Only 0.21 Bitcoin
Many countries around the world are increasingly moving towards becoming cashless societies, through the advent of NFC payments and nearly ubiquitous adoption of credit cards. A new Chinese documentary, however, is looking at how it is to survive exclusively through the use of Bitcoin. More specifically, the documentary ”Bitcoin Girl” follows a young woman from the coastal province Fujian who tries to not only survive but thrive on 0.21 Bitcoin,…
New York Attorney General Report Claims Crypto Exchanges Are Prone to Manipulation
Bitcoin
New York Attorney General Report Claims Crypto Exchanges Are Prone to Manipulation
The office of New York Attorney General (NYAG) has published a 32-page report, titled Virtual Markets Integrity Initiative yesterday, September 18th. The months-long investigation suggests that crypto exchanges are vulnerable to market manipulation and are not doing enough to protect their clients. Additionally, several exchanges were forwarded to the Department of Financial Services to investigate potential violations of New York’s digital currency regulations. The initiative revealed three broad areas of…
Bitcoin Has Proven To Be 300 Times Cheaper Than A Wire Transfer, Bank Takes 83% Profit
Bitcoin
Bitcoin Has Proven To Be 300 Times Cheaper Than A Wire Transfer, Bank Takes 83% Profit
Bitcoin has often been criticised for being too expensive, but according to Bank of America’s data, the bank charges $30 for outbound domestic wire transfers and $35 for outbound international sent in foreign currency which is 300 times more expensive than sending a transaction via the Bitcoin network. The American banks charge a lot of money for their transactions, especially since Fedwire, the official real-time gross settlement funds transfer system…