Newly Proclaimed, Satoshi Nakamoto, Claims to Break the Silence by Revealing Themselves

It seems like a new unknown individual has proclaimed themselves as the creator of Bitcoin [BTC], Satoshi Nakamoto. Interestingly, the official reveal is expected to be made on Sunday August 18 at 4:00 PM EDT, where they plan to expose the reason for not having moved their 980,000 Bitcoins.

The blockchain company that shared “My Reveal” date is Satoshi Nakamoto Renaissance Holdings. Apparently, spokesperson for the proclaimed, real Satoshi, Ivy McLemore, spoke with news outlets and shared that the “break in his silence” will be done in three parts, adding that

“the truth will be known.”

So what types of information will be disclosed in the reveal? In addition to the unmoved BTCs, the individual plans to share more about themselves including their real name, where they were born, educational and professional background and the “rebirth of BTC,” with the latter having to do with a project called ‘Tabula Rasa’ – a clean-slate version of BTC.

Obviously, consumers can expect to learn more about the bitcoin creation process, with emphasis placed on the “Chaldean numerology” and the contributions made by cyphers and encryption.

The three parts will be delivered one after the other, that is, once the first has been completed, the second and third have been scheduled for the same times but on August 19 and 20 respectively.

Given said shocking claims, people are bound to naturally doubt its likes. An example of this is Litecoin’s Charlie Lee, as reported by Daily Hodl, who argued that if the real Satoshi really planned for a reveal, then he would have done so by “sign[ing] a message with the genesis key,” adding that,

“anything short of that is most likely fraudulent.”

August 18 was chosen as a symbolic move, as this was the initial date back in 2008 when bitcoin.org was registered. The revelation would commence as a way to celebrate the eleventh anniversary of bitcoin.org.

So the question is… With Satoshi reveal himself (not likely) or is this some big PR stunt by a blockchain company?

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Author: Nirmala Velupillai

PIVX And 200 Other Proof of Stake Blockchains May Be Vulnerable, Lunar Digital Assets Affirms

It seems that PIVX, a popular private transactions crypto, may be vulnerable to attacks together with 200 other chains. According to a recent report made by Lunar Digital Assets, there is a vulnerability of the system that can be currently exploited. Every chain using PIVX or its variants is possible to be attacked this way.

Basically, the attacker could exploit this specific vulnerability in order to get impossibly high staking rewards using the proof of stake system of the network.

This is not the first that this vulnerability is exploited. As soon as the PIVX devs found out about it, they rushed to fix the issue. However, another developer, BitGreen, has noticed that the problem was being exploited once more. Someone has probably figured how to undo the progress made by the team and started to use the exploit.

As soon as the developers discovered it, they notified all related companies of the bug and now PIVX is working once more to solve it and stop the attacks.

People Are Accusing the PIVX Team

The situation got heated recently after some people started to claim that the PIVX team might be behind the attacks. According to critics, the team knew of the bug and did nothing about it or failed to fix it properly.

Some others criticized the team for not having a timely response for the problem and simply standing still while the problem was still out there. This led some critics to theorize whether people from the company were exploiting the bug for money and used this inside source in a malicious way.

At the moment, the PIVX team has not explained publicly why the problem was not fixed months ago.

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Author: Bitcoin Exchange Guide News Team

The Coordinated Crypto Crackdown Continues: NASAA Has 130 New Cases This Year

Bitcoin’s Use In Illegal Marketplaces Expected To Rise in 2019, Chainalysis Predicts $1 Billion Spent

Operation Cryptosweep is moving forward at full speed. It seems that the people at the Administrators Association (NASAA) are really taking seriously their latest operation to sweep unlawful cryptos out from the market.

According to the organization, 130 new crypto-related cases were opened and are being investigated in 2019. At the beginning of the year, the agency only had 35 cases open.

The Operation Cryptosweep was originally launched last year and the aim was to go after illegal ICOs in the U.S. and Canada.  NASAA representatives have recently confirmed that their latest investigations involve mostly securities fraud and scammers.

Michael Pieciak, the President of the NASAA, blames Facebook for the “environment” that is being created right now. According to him, the eminent launch of Libra is calling the attention of several bad types who are promoting illegal investments and scams across the country.

The president also affirms that people should be extremely careful when dealing with ICOs and cryptos, as there are many scammers out there. His advice was to always check with the authorities before any money is invested.

Crypto Companies Are Moving Away

As part of this effort to put down any kind of operation that is now fully regulated, most crypto companies are leaving the U.S. This is, obviously, both a good and bad thing. For instance, it means that the NASAA is doing a good job and weeding out the scammers. On the other hand, innovation is possibly stifled when there are so many companies leaving for overseas markets.

According to data presented by the NASAA, most companies are now choosing to move to Malta, the so-called Crypto Island. Other popular locations are Switzerland and Eastern Europe.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Hank Klinger

Facebook’s Project Libra Gets Demolished By BitMEX’s Op-Ed By CEO Arthur Hayes

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  • Facebook’s Libra seems to be an ETF rather than a digital currency
  • Arthur Hayes seems to be bullish about the effect this can have on Bitcoin

Facebook has recently released a new project called Libra that aims at helping users transact funds between borders, make payments and purchase things, including goods and services. However, there are many crypto enthusiasts that are not so excited about Facebook’s new project. One of them is Arthur Hayes, the CEO of the cryptocurrency exchange BitMex, that wrote a very hard op-ed regarding Facebook’s Libra project.

Arthur Hayes Demolishes Facebook’s Libra

The article that Mr. Hayes wrote is titled “Libra: Zuck Me Gently.” He starts by saying that Libra is not decentralized or censorship resistant, thus, it cannot be considered a stablecoin. This is a point that has been addressed in different occasions since the virtual currency will be controlled at all times in order to be compliant with regulations around the world.

In addition to it, Libra is going to be backed by different fiat currencies around the world, which would make of it a so-called stablecoin. Hayes explains that Libra is going to be destroying all stablecoins in the market.

Hayes went on explaining that the digital currency is going to be working in a similar way as central banks, which is going to be damaging the power that states and central authorities have over individuals around the world. And he believes that this is a good thing.

On the matter, Hayes wrote:

“The speed at which government officials rushed to admonish Libra tells you there is some potential positive value to human society embedded in the project.”

He considers that Libra is not a threat to financial privacy, which has been already gone in the past. The new digital currency and project is going to encourage people to understand that there is a new system that could work as an alternative. He also considers that this is positive for Bitcoin (BTC) because there are going to be several new users learning about the most popular digital asset that could eventually start using it.

Nevertheless, the article that Hayes wrote tries to show that Libra looks like a new investment tool rather than a cryptocurrency. The author of the article says that Libra works in a similar way as an exchange-traded fund (ETF), a recognized financial instrument that pays out interest from a basket of assets.

At the moment, the U.S. Securities and Exchange Commission (SEC) has not approved the first Bitcoin ETF in the market, and there were several proposals already presented in the market that none of them was approved.

In a recent article that was written by Dave Nadig, the managing director of ETF.com, explained that Libra is indeed an ETF rather than a digital currency. He explained that resellers will integrate with exchanges and other institutions that buy and sell cryptocurrencies to users, and will provide liquidity for users that want to convert from cash to Libra and back again.

The CEO of BitMEX said that the most significant disadvantage for Libra is that holders do not appear to be entitled to receive the investment income.

Currently, there are several countries around the world that are trying to understand how to better regulate Libra. The United Kingdom, the United States, France and Singapore are just some of the countries that are evaluating which is going to be the impact of the digital currency in their countries.

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Author: Carl T

Tether Tops Bitcoin’s Trading Volume Again as USDT Plays Its Part in ‘2019 is the Year of Stablecoins’ Motto

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The speculation that 2019 will be the year for all stablecoins seems to have begun already as Tether (USDT) recorded transaction volumes matching the ‘King Coin’ Bitcoin (BTC).

On the 28th of May 2019, the cryptosphere witnessed USDT’s 24hr transaction volume surpass that of Bitcoin (BTC) by about $1 billion, USDT recorded a volume of $27.2 billion, while BTC saw a volume of $26.7 billion.

Factors Of The Fall And Rise Of USDT

This hike in Tether trading volume came as a surprise to most as the stablecoin struggled out of the crypto winter. The main cause of this was the recent scandalous Bitfinex and Tether legal issues, which caused a drop in USDT user confidence and investor trust.

The present Tether surge is possibly linked to their announcement of the printing USDT worth about $300 million and also an improved effort to introduce new ICO listings as well as new trading pairs to attract potential new cryptocurrency enthusiasts.

‘whale trading’ could also be a factor to this Tether surge, which could also lead to a huge drop in the future.

Notably, a Twitter user, @lawmaster, a crypto researcher tweeted :

“Something really interesting is happening – there is now a 0.6% discount on Tether, which means that Tether is actually more expensive than USD on all the major exchanges. This started happening late at night yesterday and the discount has been sustained since”

USDT May Surpass BNB

Although Tether has not given any official statement about the stablecoins trading predictions, there is obviously a rise in the stablecoin market.

If the stablecoin keeps on the current rising path, there is a possibility of USDT taking the position of the Binance Coin (BNB) as the 7th largest digital currency on Coinmarketcap.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Osahon Okodugha