NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation

Police in New Zealand are working with international law enforcement to track down hackers who reportedly stole over $16.1 million from local exchange Cryptopia, the police reported in a press release Feb. 7. Cryptopia, which suffered an attack beginning Jan. 15 and lasting around two weeks, has lost funds from tens of thousands of Ethereum (ETH) wallets. After confirming they were investigating the case Jan. 16, police revealed today that they are coordinating an international effort to track both the funds and perpetrators, in a report attributed to Detective Inspector…

How MIT Joined Ethereum in the Race for the First PoS Blockchain

As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency based on the proof-of-stake (PoS) protocol. Ethereum — Algorand’s closest competitor, according to the existing estimates — will launch its PoS system sometime between 2019 and 2021. Scheduled updates required for a gradual transition from the proof-of-work (PoW) to a PoS algorithm have been regularly postponed by the Ethereum Foundation due to network vulnerabilities and failures in the process of the network’s upgrade. Trilemma: It’s all about scalability…

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make ‘Gox Coin’ for Creditors

A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in the loss of 850,000 BTC valued at roughly $460 million at the time.…

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry’s growth,” during a live stream via Periscope, Feb. 6. Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting: “I think for our industry to grow we need more entrepreneurs to build real projects.” As Cointelegraph reported last week, the Chicago Board Options Exchange’s, along with investment firm VanEck…

Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse

Bitcoin (BTC) trading volumes in Venezuela have reached a new all-time high amidst massive hyperinflation and an ongoing presidential crisis, tech news outlet TrustNodes reports Feb. 6. Bitcoin weekly trading volumes reached above 2,000 BTC (about $6.8 million) on peer-to-peer (p2p) exchange LocalBitcoins during the week ending Feb. 2. Venezuela LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin.Dance The recorded trade volumes on LocalBitcoins are just a fraction of overall estimated Bitcoin trading by Venezuelans. As TrustNodes reports, a large amount of trading is taking place on centralized exchanges located…

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments’ crypto payments gateway. The news was shared with Cointelegraph in a press release Feb. 7. As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup Tron. According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin…

90% of Finance Professionals Think Blockchain Will Have a Positive Impact

A TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry, according to a press release published on Feb. 6. The survey, conducted by top ten United States-based bank TD — a subsidiary of the Canadian multinational Toronto-Dominion Bank — involved 406 industry professionals at the 2018 AFP Conference held Nov. 5-6, 2018, in Chicago, Illinois. The answers collected reportedly also reveal that only 14 percent of the respondents said that their organization has…

Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press release published Feb. 7. As reported, Ripple launched UBRI in June 2018  to support academic research, technical development and innovation in blockchain, cryptocurrencies and digital payments. The program has now reportedly onboarded eleven new higher education partners — including Carnegie Mellon, Cornell, and Duke universities in the United States, the National University of Singapore, the University of…

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE

Crypto exchange ErisX has appointed three veterans from Barclays, Youtube and the Chicago Board Options Exchange (CBOE) to fill executive roles at the company. The development was announced in a press release published Feb. 7. As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in major cryptos. The exchange will support spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures contracts starting in the second half of 2019, pending United States regulators’ approval.…

Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn

Thursday, Feb. 7 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering just over $3,400 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up a fraction of a percent on the day, trading at around $3,409, according to CoinMarketCap. Looking at its weekly chart, the current price is just over 1.5 percent lower than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap According to TransactionFee data,…