From the serious to the ridiculous, today’s edition of Bitcoin in Brief has got it all, and by “all” read “a varied selection of crypto-related topics numbering no less than four and no more than six.” That doesn’t sound nearly as alluring though, does it? All it is then. Take a deep breath and let’s dive right in.
Also read: Craig Wright Referenced as Satoshi in Chinese University Textbook
Oh No Nano!
Yesterday was a big day for free transactions altcoin Nano: its Android wallet was released. Shortly after being unveiled, however, a small problem was detected. Okay, make that a pretty big problem:
Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No
For the record, Nano is the coin synonymous with the collapse of Bitgrail exchange and that was trading for $33 late last year, versus under $3 today. Nano holders have been hurting enough, in other words, without this latest debacle to deal with.
Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No
Nano dropped in price following news of its wallet fail.
Everything Is a Copy of a Copy
With the launch of Tron’s mainnet in progress, it seems a good time to revisit claims of plagiary surrounding Justin Sun’s much hyped altcoin. Technically these claims aren’t being revisited in fact, since they’re fresh ones, not to be confused with the original claims of Tron having plagiarized large chunks of its whitepaper. Digital Asset Research have been poking around in Tron’s codebase and what they’ve found looks very familiar. They write:
While copying code without attribution opens the project up to some legal risks, they pale in comparison to the technical risks that the project faces. EthereumJ [which Tron is based on] is known to be unreliable and has issues like memory leakage.
As a parting salvo, they add: “The TRX token is one of the most centrally owned large cap ERC20 tokens”.
A Quick Look at Crypto Funds
ICOrating has released a detailed report on crypto funds. Its findings? 17% of all funds are tokenized (i.e. deploy a native token for profit sharing), 42% of all funds are based in the US, and the number of funds being founded has declined since 2017, which mirrors their declining returns as the crypto markets have went south. Most crypto funds don’t publish their ROI, but of the 8% ICOrating could find numbers for, the median ROI this year is just 14% versus 600% in 2017. It’s true what they say: any idiot can make money in a bull market. Most of the funds studied were under $100m, but ICOrating also found 15 funds of between $100-500m and nine whale-sized funds of over $500m.
Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No
Another One in the Basket
Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-NoAs we reported earlier this month, cryptocurrency baskets are growing in popularity. Two more noteworthy baskets that never made that list have since emerged. The first is Iconomi, whose digital asset management platform allows for “one-click diversification.” And the other is a newcomer to the scene, Bitdiem. It’s an ethereum-based payments and savings protocol for setting up recurring and conditional payments. One of the tools it provides is the means to create customizable token baskets that “enables users to build an inflation-resistant basket of goods, minimizing volatility and serving as a lasting store of value. Essentially, the basket can serve as the token equivalent of a mutual fund or 401k.”
Everyone’s Raising Money
The bear market doesn’t seem to have dented the ability of crypto projects to raise vast amounts of money – and then rapidly start redistributing it. Over in Santa Monica, STO incubator Start Engine, responsible for nurturing the likes of free speech network Gab.ai, has closed a $5m funding round and is preparing a $10m sale of tokenized common stock. It’s also revealed plans to build a decentralized application on the Ethereum blockchain called LDGR to increase liquidity in the secondary marketplace for trading securities. Meanwhile, over in Europe, Essentia, fresh from raising $21m in its pre-sale, has announced a $1m hackathon to fuel projects built on its open source protocol.
Fun with Numbers
Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-NoFinally, following on from yesterday’s post about an unusual block header starting with 18 zeros, all sorts of crypto figures have been weighing in with their 10 sats on the matter. Nic Carter decided to spend the evening calculating how many bitcoin blocks reference their own block height in the corresponding hash. There are apparently seven five-digit blocks in which this occurs. He also investigated whether supposed Satoshis “CSW” or “Hal” appeared in any block hashes in hexadecimal form. Hal does but the initials of Craig Wright do not, confirming absolutely nothing. The point is, people will see anything they want to in numbers, including evidence of divine creation and giant quantum leaps. Still, though, those 18 zeros…it’s got to be aliens, right?
JOIN THE DISCUSSION ON BITCOIN.COM
Latest News
Mt. Gox Creditors’ Legal Victory: “Enormous Assets” to be Returned
The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of civil rehabilitation proceedings, and as such “enormous assets, which were to be distributed to Mt. Gox’s shareholders under the bankruptcy proceedings, will be returned to creditors.” Read More…
Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies
The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those coming from the crypto sector. Read More…
Japan Penalizes Crypto Exchanges – Yakuza Involvement Confirmed
The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations. Read More…
Only a Third of the Richest Informed on Bitcoin
Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto. Read More…
Korean Government Launches Investigation into Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Read More…
At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval
Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming. One of the many holdups involves custody regulation, as both large funds and those ecosystem companies best poised look for a smooth way to guard cryptocurrency holdings securely, alleviating whales’ greatest fears: theft and loss. Read More…
License Needed for Crypto Trading, Circulation, and Settlement in Cambodia
Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities. The agencies have also outlined four main risks associated with crypto trading or investing. Read More…
Craig Wright Referenced as Satoshi in Chinese University Textbook
According to reports a Chinese economics textbook that’s used in some of China’s leading universities states that the notorious Dr. Craig Wright is Satoshi Nakamoto, the creator of Bitcoin. The university textbook authored by Frederic Mishkin calls Wright an “Australian geek” who invented the cryptocurrency bitcoin almost ten years ago. Read More…
Crypto Exchanges, Payment and Wallet Firms Join EU Police to Fight Privacy
About sixteen major cryptocurrency exchanges, payment processors and digital wallet providers have joined the EU’s law enforcement agency for an event about preventing money laundering. The three-day conference on digital currencies and cyber crime began on Tuesday in the Hague. Read More…
Bitcoin Businesses Denied Banking Services in Ireland
Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Coins mentioned in post:
yes dear brother thank you so much