Rumours Are True, Samsung’s Galaxy S10 Has A Crypto Wallet

The tech world has been waiting with baited breath for today, the first official announcement day for the latest Samsung smartphone out of their flagship Galaxy series, the Samsung Galaxy S10. Samsung are one of the biggest mobile phone manufacturers in the first and are often noted for spearheading new mobile technologies that eventually go on to change the format of all popular mobile phones. It is because of this, the entire tech industry have been anticipating this most recent announcement, simply because it offers a window into the future, not just for Samsung phones but for every single smartphone manufacturer. The trend seems to be, whatever Samsung do, the others will do soon too.
Whilst we won’t explore the technology behind the phone (although it does look super cool) we want to focus on what the crypto community has been anticipating. There have been rumours surfacing for the past few months suggesting that Samsung could be including a huge level of crypto-functionality in their next series of phones. Today, the crypto industry have not been left disappointed after an announcement that the Samsung Galaxy S10 will allow its users to securely store their cryptocurrency – this is a huge move for Samsung because it is going to attract a lot of crypto investors, encouraging them to move from rival Apple and Huawei phones, to the Samsung Galaxy S10. I’m certain that this announcement will see a huge boost in sales.

The #GalaxyS10 is a next generation smartphone like no other.The next generation Galaxy has arrived.
— Samsung Mobile US (@SamsungMobileUS) February 20, 2019
Samsung Knox
The Samsung Galaxy S10 (and all future models we assume) will come with a feature named Samsung Knox, a built-in storage feature with hardware that provides an extra secure storage solution for your private keys. The official Samsung announcement states:

“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

We have also seen images of something called the Samsung Blockchain KeyStore, a solution that looks to provide a working cryptocurrency storage solution, one that is no doubt secured by the Samsung Knox technology.
Source: Crypto Daily

Musk: “Bitcoin Is Brilliant But Tesla Won’t Be Getting Involved”

There are a lot of faces out there who are getting ready to adopt cryptocurrency. Most recently the CEO of JP Morgan Jamie Dimon has announced that the banking institution is currently designing their own cryptocurrency. Unlike Dimon and JP Morgan, the CEO of Tesla, Elon Musk, isn’t ready to adopt Bitcoin just yet.
Even though Musk has previously tweeted about crypto on his Twitter page it seems that the CEO isn’t getting involved in the space. Musk said that he isn’t going to push his company in the direction of an emerging technology but despite this, he did say that cryptocurrency is the future of finance.
Musk sat down with Cathie Wood and Tasha Keeney of Ark Invest earlier this week and he described Bitcoin as an interesting proposition saying, “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons. It’s very energy intensive to create bitcoin at this point.”
The Tesla Chief’s comments are similar to that espoused by the Twitter CEO Jack Dorsey who went on the Joe Rogan podcast earlier this month and described Bitcoin as the best candidate for a universal native internet currency.
For Musk though, being borderless and extremely hard to censor is what makes Bitcoin so unique and gives it an advantage. With this, it is possible for the leading cryptocurrency to operate outside the ambit of mainstream currency controls.
Musk acknowledges that Bitcoin and cryptocurrencies have a lot of potentials but despite this, he says that Tesla won’t be involved just yet. He said, “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”
A lot of the conversation with Musk primarily focused on the activities of Tesla as a business. Apparently turning the topic to Bitcoin was a ‘curvball question’ for Musk.
Even though Musk’s comments will most likely be a bit of a downer on many enthusiasts, not all hope is lost. In the future, Tesla may very well adopt the leading cryptocurrency which would be a great thing for the firm and an even greater thing for the crypto space.
Source: Crypto Daily

Exciting Move For Bitcoin Cash Adoption

In what looks to be a very positive move for Bitcoin Cash adoption, leading cryptocurrency exchange Coinbase have recently announced that their native product, the Coinbase Wallet is now able to store Bitcoin Cash. This update will be send out to all users of the Coinbase Wallet iOS and Android app over the next few weeks, according to reports this update will also support Cashaddr and Legacy address formats. Bitcoin Cash support also works alongside the Bitcoin Cash testnet in order to allow developers using the Coinbase Wallet to implement their own testnet changes and upgrades.
Siddharth Coelho-Prabhu, the Product Lead at Coinbase has said:

“Starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app. The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet.”

As we have stated, Coelho-Prabhu also commented on the support of Cashaddr and Legacy addresses:

“The wallet supports both newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications. It also supports the Bitcoin Cash Testnet to aid developers and power users. The team also plans to add support for the JSON Payment Protocol in the future.”

This is a very big move for Bitcoin Cash adoption as it now offers Coinbase investors access to a storage solution for their Bitcoin Cash that allows them to store their Bitcoin Cash in a more secure, offline wallet as opposed to the current method of storing Bitcoin Cash online within a Coinbase portfolio. The risk here is that as the assets are online, they are more susceptible to attack and of course, theft.
There’s more
The Coinbase wallet has seen a number of updates this week, with the recent announcement that the Coinbase Wallet now allows users to backup their data to both Google Drive and the Apple iCloud. In their announcement, Coelho-Prabhu said:

“Users can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud. This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.”

Source: Crypto Daily

Binance DEX First Launch Goes Live

World leading cryptocurrency exchange Binance have today launched the first version of their new decentralised exchange (DEX), a project that has been in the works for a long time and thus has been met with a great deal of anticipation. Binance is the biggest cryptocurrency exchange in the world, therefore the launch of their DEX is exciting cryptocurrency investors across the globe. This could well be the first ever ‘mainstream’ decentralised exchange, in a bid that aims to make the blockchain space far more democratic.
You can visit the exchange for yourself by heading to, though you should note that even though this version has been released, it is still in a test phase and thus will no doubt be a little laggy at times.
As it stands, users can enter the exchange and create/unlock cryptocurrency wallets. The DEX also includes a block explorer making this as decentralised as possible. Though the DEX has only just gone live, by viewing the block explorer we can see that it is already very popular and already handling a vast amount of transactions.
Recently, the CEO of Binance, Changpeng Zhao has spoken out about the DEX and Binance’s justifications for moving into this area of the industry, Zhao has said:

“Binance Chain has near-instant transaction finality, with one-second block times. This is faster than other blockchains today. With the core Binance Chain technology, Binance DEX can handle the same trading volume as is handling today. This solves the issues many other decentralized exchanges face with speed and power.”

The Binance DEX is bigger, better, faster, safer and more democratic than Binance’s own traditional exchange, therefore as the DEX grows and becomes more stable, we expect to see more and more traditional Binance users migrate over to it in order to make the most of this new and growing technology.
Tech Crunch also believes that there is a big financial incentive in this for Binance:

“Zhao has also touted the dex as a new revenue driver for the company since it sits on Binance’s own blockchain with the company operating a number of nodes itself. Zhao previously told TechCrunch that when its nodes are used in transactions, the company will gain some of the network fee. Not that Binance needs help making money; a recent report from The Block suggested it made a profit of $446 million in 2018, a year that was most definitely a downer for the crypto industry across the board.”

Source: Crypto Daily

Novogratz, Winklevoss, Pomp & More Here Are Some Of The Key Figures In Crypto

There are a lot of key figureheads in the cryptocurrency industry. Many of which made their millions (and even billions) thanks to the leading cryptocurrency Bitcoin. These people have been there since the start and have made a risky investment but boy did it pay off.
Some of the key figures are still prominent in the space today and we’re going to go through some of the biggest names in crypto who put their faith in the hope that the industry would pay out.
Winklevoss Twins
Let’s start with the Winklevoss twins.
If you haven’t heard of Cameron and Tyler Winklevoss then you must have been living under a rock for the past fifteen or so years. The infamous twins rose to fame when they sued Mark Zuckerberg over who the true creator of Facebook was and ended up with an $11 million payout.
When this payout was invested in Bitcoin, the two made headlines and then became billionaires in 2017 when the market spiked and Bitcoin reached $20,000.
Mike Novogratz is a well-known figure in the crypto space. The former hedge fund manager and partner in Goldman Sachs ventured into the crypto space by starting a crypto fund called Galaxy Digital Holdings Limited. Even when the Jamie Dimon – CEO of JP Morgan Chase – dubbed Bitcoin as a fraud in 2017, Novogratz has consistently swayed his way in support for crypto.
Anthony Pompliano is a well-known founder and partner at Morgan Creek Digital who is commonly known as just Pomp, within the crypto community.
Morgan Creek Digital is an investment company which focuses on creating opportunities for institutional investors to invest in the blockchain and digital assets. Backing the firm is Morgan Creek Capital Management which is a multi-billion dollar asset manager.
The entrance of institutions to the crypto space is something that is eagerly awaited by many community members but as Pomp says:

This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions.The institutions aren’t coming. They’re already here. 🚀
— Pomp 🌪 (@APompliano) February 12, 2019
Tim Draper is a venture capitalist investor. He is famous is the crypto space for purchasing 2,000 of the 50,000 Bitcoins auctioned off by the US Marshall office in 2014 following the Silk Road incident.
Ever since Silk Road, Draper has become a well-known crypto enthusiast who has put his money in several crypto projects.
He even believes that Bitcoin could reach $250,000 in 2022…
Source: Crypto Daily

Former Research Analyst Claims That BTC Bottoming Is A Good Thing

Over the past few days, the price of Bitcoin has seen some decent gains and has nearly gone above the $4,000 mark at the current time of writing. But according to one of the founding partners at the New York hedge fund Tetras Capital Alex Sunnarborg, the quicker Bitcoin tanks, the better.
Speaking to Forbes, Sunnarborg said, “calling [the bitcoin bottom] is very difficult. That’s part of the reason I’m really thankful that we’re in the position we are right now. We can hedge ourselves, remain more neutral, and not have to call that exact price or timing bottom. I’m not confident right now. Our portfolio is relatively neutral. We have cash and short positions.”
The sworn enthusiasts of Bitcoin is eagerly waiting for the crypto market to just crash and hit the bottom of the bottom.
You might think that this is a very bearish way of thinking but in reality, Sunnaborg’s intentions behind this are very bullish. According to him, as soon as the market bottoms out, it will then be able to rehabilitate and repair itself.
Furthermore, Sunnarborg believes that it would be best for the Securities and Exchange Commission to ‘crush the bad actors’ in the crypto industry in order to help clean it up. If there was a so-called crypto apocalypse right now, this would be the best thing for the industry according to Sonnarborg as then the crypto space can start again.

“What would be really good for a market bottom to happen would be for every potential bad thing to happen immediately. I would love to see the SEC come down on people really hard.” Sunnaborg continues, saying, “one of the biggest problems in this space is there are so many bad actors, and so many were related to ICOs. The SEC just has such a massive task ahead of them. One way to think about the bottom is that it happens when all the bad news gets washed out. At that point the only thing to do is go up, and you can’t really talk about any negative catalysts anymore, because they’ve all happened.”

Essentially, the Tetras Capital partner is bord of all of the bad news flooding into the industry in regards to all the dodgy activity that occurs on almost a daily basis. The former research analyst said that the crypto ecosystem needs to be more reputable and regulated in order to fix the bad image tied to it.
Source: Crypto Daily

Germany Are Leading The Way For Bitcoin Adoption

If you’re asked to think of countries that are paving the way for Bitcoin adoption, we could guess that you would think of countries such as Japan and the United States of America which have been in the game for quite a long time. Indeed, the adoption of cryptocurrency across these countries is rife, so it is hard to forget just how far other countries across the globe have come in their own crypto-journey’s too.
Germany is somewhat an underdog when it comes to crypto, simply because Germany is a FIAT finance powerhouse, so we can assume that regulation might present Bitcoin adoption with a few obstacles. According to recent reports however, this is not the case and that in fact, Bitcoin and blockchain adoption within Germany is a hotter topic than ever before.
Germany are known for having the biggest economy in Europe, and one of the biggest in the world. They are very adoption of blockchain technology and a number of the countries biggest and boldest firms are already making the most of the blockchain in order to kickstart a technological revolution – something that seems to be inspiring the rest of Europe too.
Bitcoin adoption is hot
The fact that Bitcoin and blockchain adoption is such a hot topic in Germany at the moment is down to their very forward thinking population. According to recent reports, a large proportion of 18-29 year olds in the country already have an active interest in purchasing Bitcoin:

“A survey conducted by the German Consumer Centre shows a growing interest in crypto, with more than a quarter of young Germans saying they are willing to invest in cryptocurrency. It is not surprising that a demographic whose lives have been characterized by smartphones, internet, and social media, see the attractive functionality cryptocurrency provides as an instant and decentralized means of transferring value.”

Tie this in with the fact that major companies within Germany are using blockchain technology, and it’s clear to see just how much of an impact this industry is having on the general population in the country. A great example of this comes from Porsche, a leading German car manufacturer that have recently been exploring the wider implications of blockchain technology:

“Auto executives say they are counting on the blockchain promise of secure, traceable transactions to streamline supply chain management. Specifically, Porsche has been developing blockchain applications to park cars, lock and unlock vehicles, and make loaning out a company car to an employee easier.”

Next time you’re encouraged to think about Bitcoin and blockchain adoption, perhaps have a second thought and look outside of Japan and the United States – big portions of the rest of the world aren’t far behind here!
Source: Crypto Daily

Social Media Is Pushing Blockchain Developers Out

Overall, social media has helped cryptocurrency and blockchain technology grow. Social networks such as Facebook and Twitter allow for open, honest and clear discussion about cryptocurrencies and also give users a platform through which they can learn from each other and collaborate. As a result, social media is generally leading a charge for the mainstream adoption of cryptocurrency thanks to it’s liberal and open nature.
A drawback to this however is that because social media is so open and often anonymous, it is used as a platform to share hate and to create challenges to others. Various social networks are used to streamline abuse to individuals through trolling and hate campaigns designed to make some people uncomfortable. This can happen with or without reason, and it’s driving blockchain developers underground.
In order to ensure true transparency, it’s easy to find blockchain developers on Facebook, LinkedIn and Twitter because they have links to their networks on the website of the crypto-company that they represent. This is good, because it’s democratic, however it also exposes the developers to a point of contact, which means if the community aren’t happy with something they say or do (even honest mistakes) they are susceptible to a lot of abuse and ‘hate’. According to new reports, this sort of thing is starting to get out of hand and we are now seeing several blockchain developers take  themselves off social media altogether, in a bid to protect themselves from online trolls.
According to Coindesk, Afri Schoedon, an Ethereum blockchain developer is the latest to announce their retirement from social media as a result of an onslaught of unfair communications from people within the Ethereum community. Schoedon took to Twitter (ironically) to state that they will:

“No longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter and Reddit.”

Hudson Jameson, the community relations manager at the Ethereum Foundation bounced back in defence of Schoedon, saying that:

“I’m so angry and disappointed in the Ethereum community. You ran out one of our best contributors for the dumbest reasons. More people should have spoken up in support and there needs to be less vitriol.”

What needs to be done here?
Trolls and people displaying threatening behaviour should be held more accountable for their actions online in order to ensure the safety and security of more prolific people within the industry on social media. Yes, mistakes happen, but as members of the same community, we should be helping developers learn from their mistakes in order to help fix them, not make it worse for them.
Source: Crypto Daily

Popular Japanese E-Commerce Platform To Soon Accept BTC

The Japanese e-commerce and internet company that is Rakuten is based in Tokyo, Japan and is one of the biggest platforms of its kind in the nation. In a new updated pushed by the platform, they look to be offering Bitcoin and cryptocurrency implementation sometime in the near future. Rakuten announced a massive update for its mobile app platform Rakuten Pay which is set to release later next month with the potential inclusion of cryptocurrency payments in conjunction with fiat.
In the new updated version of the app, it will apparently include “all payment solutions embedded into one platform,” leaving many to wonder if this is an indirect course of announcing support for Bitcoin and some other big market cryptocurrencies. The e-commerce platform is commonly referred to as the ‘Japanese Amazon’ while the actual Amazon doesn’t seem to have done anything on the crypto front for the popular online store.
Last month, Rakuten was reported to have shifted its corporate structure to make the companies cryptocurrency exchange Everybody’s Bitcoin into a new payments subsidiary. The exchange was bought out for $2.4 million in August 2018 and was claimed to be the first step for crypto payments on the e-commerce platform. Rakuten’s restructure is further proof that the giant is looking into cryptocurrency as a possible asset for payment in the future.
On top of this, the report contains information about updates to the firm’s prepaid card service Rakuten Edy, which includes integration for QR codes. This is just another hint that the implementation of cryptocurrency is just around the corner for the platform. In addition, the report also indicates that we should be bullish for crypto payments in regards to the impact of Rakuten in the event of accepting Bitcoin for payment. As it says in the report, the Japanese e-commerce site’s income “rose by 28.4 percent in 2018, to a total of $1.3 billion.”
Even though the prices of Bitcoin and altcoins are seemingly trading sideways following a trail of losses last month, the year has kicked off to a relatively good start. With the United States Securities and Exchange Commission looking to accept the long-awaited Bitcoin ETF at some point this year, Bitcoin enthusiasts are just waiting on ‘when’ the ETF will be accepted rather than ‘if’ the ETF will be accepted.
Source: Crypto Daily

Mt. Gox Recovery Plan Put In Place By American Entrepreneur

The well known American entrepreneur Brock Pierce has been an avid member of the cryptocurrency industry and has recently said that he wants the creditors of Mt. Gox to receive everything that they are owed. In addition to this, Pierce went to Twitter to fight with the former CEO of Mt. Gox and the majority shareholder, Mark Kapereles about his plan and whether it was even legal or not.
After announcing Gox Rising, Pierce’s ambitious idea to unite the long gone exchange’s creditors, submit a civil rehabilitation plan to get the Mt. Gox exchange back on its feet, the former child actor is walking back to just how solid these plans are.
Gox Rising was launched with the intention for it to be an alternative to Mt. Gox bankruptcy trustee Nobuaki Kobayashi’s civil rehabilitation effort. The organisation, dubbed as a way to make sure the creditors would receive as much money as they could, has published a proposed plan on its website as well as a list of goals.
In particular, there are two points that really stand out under the Gox Rising idea. No further Bitcoins from Mt Gox’s estate would be sold and according to the proposal, “equity holders will make no claim on any of the cash held by the trustee.”
Pierce gained some mixed reactions to his Gox Rising scheme and said community actions were key to making sure that the failed exchange didn’t become a cryptocurrency ‘Lehman Brothers.’ Pierce said:

“Do we want it to end like Lehman Brothers, like the old financial system? Or would we like this story to end differently? Would we like this story to end in a way that demonstrates the power of the open source community and blockchain and Bitcoin?”

The still ongoing Japanese legal process is looking to determine how the exchange’s current assets will be distributed to the creditors who are endeavouring for a Civil Rehabilitation Plan with the courts.
The infamous Mt. Gox hack and the results of said hack are burned into every crypto members memory. Five years following the incident, creditors haven’t been paid back for their losses and the case still remains stuck in the hands of bankruptcy courts and new warnings in the perplexing story keep on coming out.
Today, Brock Pierce is hoping to put things right with a recovery plan to help the victims of the Mt. Gox hack. Only time will tell if he is successful in his endeavour.
Source: Crypto Daily

Crypto Payment Network To Be Launched By Major Japanese Bank

According to reports out earlier this week, Mitsubishi UFJ Financial Group (MUFG) the biggest bank in Japan have announced that they will be launching their own Blockchain based payment network in just over a years time, during the first six months of 2020.
MUFG are a huge bank, by assets they are the fifth biggest bank in the world, therefore the scale of an MUFG led blockchain payment service would be huge – this is a really exciting bit of news.
Global Open Network
The network has been named the ‘Global Open Network’ and will use blockchain technology to process over one million transactions a second. This will be a very scalable, high powered blockchain network, though as it stands, we can’t yet see which blockchain this will be based on, therefore we can only assume that MUFG are building this from scratch, unless there are some hidden partnerships that we aren’t yet aware of.
Global Open network will provide a huge number of services such as live payment processing, micropayments and other Internet-of-Things based technologies.
According to Coindesk:

“Previously, MUFG has been exploring blockchain tech for several uses cases. Back in November, the firm participated in a pilot that put a syndicated loan for $150 million on the blockchain, along with Spanish banking giant BBVA and France’s BNP Paribas. In December 2017, the group launched a blockchain proof-of-concept with tech firm NTT for improving cross-border trades. The firm was also looking to develop its own digital currency named MUFG coin as part of its research into blockchain back in 2016.”

Blockchain technology is huge in Japan, as is cryptocurrency, therefore it’s hardly a surprise that MUFG have been exploring blockchain technology in partnership with other firms for some time now.
What are the implications of this
So, MUFG could be about to adopt cryptocurrency payments, indeed, this would make sense if they are in the process of building their very own blockchain. What’s more likely however is that this will be a platform designed to facilitate FIAT payments and transactions, with the view to expand further into crypto once cryptocurrencies become more accepted by the mainstream. Or, perhaps MUFG are trying to start a revolution here?
Source: Crypto Daily

Token Sales You’ll Want To Keep An Eye On This Year

For those that don’t know, token sales are the process of generating and selling new cryptocurrency. Even though the details change from sale to sale, this process involves building a smart contract on the blockchain which will then generate and sell the resulting coins.
This year, there are a few token sales anticipated to make some noise in the crypto space.
This project aims to overcome the trust barrier in digital data and document exchange. Lynked.World is an upcoming project with a multi-faceted blockchain platform which will allow businesses and users to build custom applications and forms based on their business or other contract necessities.
Built with smart contracts on the Ethereum blockchain, Lynked.World assists in the finalisation of the deals. Users will be able to control their digital wallets on Lynked.World to store their identification details and other documents.
The team behind the project is based in India and there is a lot of potential that this platform has to impact the space. They have set a realistic target for themselves of the hard and soft caps to develop such projects with the soft cap being set at $5 million and the hard cap is set at $25 million.
This is a project worth keeping an eye on.
Fidelity House
Again, built on the Ethereum blockchain Fidelity House is a social content building and aggregation platform.
Users are able to communicate with people who have similar interests to them, publish content, update their interests and earn on viewing the content.
As an author for original content, you will be paid based on the number of visits on the page.

“The currency used as a mode of payment and rewards is called FidelityHouse Coin, an ERC 20 token. The team is based in Switzerland and has an impressive track record in content creation and social networking.”

The project can have a good commercial use case with the idea of trustworthy and transparent crowdsourcing journalism which the firm has in mind. Nevertheless, the project will face competition as it is not the only decentralised content generating platform and there are competitors which are taking advantage of AI technologies to strengthen their user engagements.
Once again, Fidelity House is one token sale worth looking at in the near future.
Source: Crypto Daily

John McAfee Joins CoinsBank's Blockchain Cruise & Industry Leaders

CoinsBank’s Blockchain Cruise convention has had three successful years and the fourth year will be held between June 9th-13th this year. The blockchain cruise will be leaving Barcelona and porting in Rome this summer so make sure you get involved. This international conference will take place on the stunning Oasis of the Seas by Royal Caribbean making stops in Palma de Mallorca, Marseille and La Spezia.
Blockchain Cruise is one of the biggest blockchain events in the world. This year promises to be the biggest one yet with more than 70 speakers and an estimated 2500 people to attend the event. This includes some of the industry leading startups, enterprise tech leaders and investors.
The founder of the anti-virus software McAfee, John McAfee is a well-known avid crypto supporter. Speaking on the conferences previous years, he said, “of the conferences I have keynoted, the two Blockchain Cruises have been the most successful and fruitful. Bless CoinsBank!”
The even has had more than thirty business contracts general amount over fifty million dollars. A good example is the recent case of the new alliance partnership announcement between Coinbene exchange and McAfee Alliance on the Blockchain Cruise Europe 2018.
The blockchain conference brings all the main messages together on one of the biggest ships in the world. Some of the confirmed speakers include Tone Vays, Gordon Einstein and of course, John McAfee. The list is going to be getting updates in the weeks running up to event too.
The event organiser, CoinsBank stated:

“We are very excited to offer this unparalleled networking opportunity again. The potential of blockchain can only be realized through an active and supportive community, which is something we aim to foster through the Blockchain Cruise.”

The blockchain solutions provider, CoinsBank is the coordinator for the event. They provide products like digital wallets and services like an exchange and merchant tools for cryptocurrencies. The firm is based in Edinburgh, Scotland and launched even services in 2016. The aim is to provide a unique format for industry professionals to network and foster meaningful partnerships outside of the average setting for an event of this size.
I mean who wouldn’t want to take an incredible trip around the Meditteranean? Not only will it be an amazing trip but you will be able to build connections to help drive the industry forward.
Source: Crypto Daily

$30k Bounty Awarded By Coinbase To Bug Hunter

One of the biggest cryptocurrency exchanges in the world, Coinbase has recently submitted a $30k bounty on HackerOne for a fix to a serious problem that was found on its platform.
In a report posted on 13th February, Coinbase’s vulnerability was submitted on a disclosure program on the hacker-powered security consultancy company, HackerOne. When writing this, Coinbase claims that the problem has already been fixed but no other details were provided.
You can only assume that the issue would have been quite serious as the popular crypto exchange reacted very quickly to submit the bug hunt on HackerOne.
Bug Hunt
Launched in 2014, Coinbase released its own Bug Bounty Program where it pays depending on the impact of the glitch found. The impact of a found issue has multiple measures going from $200 for low, $2,000 for medium, $15,000 for high and for a critical impact, the measure is $50,000.
It doesn’t matter who you are, you will be able to submit a report when finding a bug and once the bug report gets confirmation, it becomes eligible for bounty and the person who found the bug is awarded accordingly. There are rules put in place for the people that take part in the bug hunt. The Coinbase Bug Bounty Program terms state that:

“In order to be deemed valid, a report must demonstrate a software vulnerability in a service provided by Coinbase that harms Coinbase or Coinbase customers. Coinbase awards bounties based on the severity of the vulnerability. We determine severity based on two factors: impact and exploitability.”

There are several terms on the bug bounty that show the different types of bug submission and how they should be characterised and rewarded. So for submission to qualify as a critical impact bounty, several terms will need to be met appropriately. As reported by BTC Manager, “but this issue was not the only issue found by the exchange, as Coinbase also paid for three more bounties marked as low-impact attack vectors this week.”
The promises of blockchain technology claim to bring the security of the future, today but this doesn’t mean that it is safe from critical issues. Last year, Coinbase awarded a $10,000 bounty, this turn the award went to researchers who found the bug and made it possible to reward itself with all the Ethereum you could get.
Even so, Coinbase isn’t the only firm that has problems with its platform as this is an issue that could present itself throughout the ecosystem.
Source: Crypto Daily

JP Morgan Announce JPM Coin Cryptocurrency To Rival XRP

Back in 2017, the CEO of JP Morgan Chase had some less than kind words to say about Bitcoin, calling it a fraud. Jamie Dimon later retracted his statement in 2018 and now, his company has announced a brand new cryptocurrency called JPM Coin. The coin will be used to instantly settle payments between banking clients in a similar vein to Ripple’s XRP.
The announcement is viewed as both positive and negative for the crypto space such as Bitcoin and XRP. Even though there are a lot of enthusiasts who are excited by the news, the impact that this will have in the future could change the industry as we know it.
The announcement of JP Morgan Chase releasing a cryptocurrency is quite shocking and it is the first cryptocurrency to be designed by a major US-based traditional banking firm. The JPM Coin will be used to facilitate near-instant transactions between the companies clients.
The banking giant is said to move more than $6 trillion across the world on a daily basis for its customers. There is only a portion of that which will be dedicated to a pilot test implementing JPM Coin and so to put things into perspective, two percent of JP Morgan’s $6 trillion in daily payments would be worth as much as the whole cryptocurrency ecosystem’s market cap.
There isn’t a doubt in our mind that the idea behind this announcement is huge, especially if the trials prove to be successful and JP Morgan utilises the JPM Coin across the whole business.
Following this unexpected announcement, the whole crypto industry blew up and responded with both confusion and excitement. There are many that are worried about how this will impact the industry whereas there are others that are buzzing about what JP Morgan’s stamp of approval on crypto as a whole might do for the market.

JP Morgan is creating their own “cryptocurrency” called JPM Coin.They will be the first US bank to use a digital token to settle transactions between clients.At first they ignore you, then they laugh at you,then they fight you,  <—-then they just buy bitcoin.
— Alec Ziupsnys (@AlecZiupsnys) February 14, 2019
This move by the US bank does help the case that cryptocurrency is a legitimate entity, the JPM Coin does challenge Ripple’s native token XRP since they are both designed to settle payments between institutions.
Source: Crypto Daily