“Biggest Theft In Crypto History”: Over $400 MILLION Stolen From Japanese Crypto Exchange

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– “Biggest Theft In Crypto History”: Over $400MM Stolen From Japanese Crypto Exchange: Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped…

Most Cryptocurrencies Are More Centralized Than You Think

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74 Most Cryptocurrencies Are More Centralized Than You Think The whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace.…

Coincheck Halts Operations Amidst Hacking Rumors After $723 Million Withdrawn – Bitcoin News

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Coincheck Halts Operations Amidst Hacking Rumors After $723 Million Withdrawn Jan 26, 2018 One of Japan’s largest cryptocurrency exchanges has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM, with the altcoin’s foundation…

Dr. Michael Yuan: Due to scalability, no one is using BTC as currency – Wu Wei Dao

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Source : Dr. Michael Yuan: Due to scalability, no one is using BTC as currency With the rise of cryptocurrencies and their continued adoption globally comes the problem of maintaining performance and scalability. CoinGeek.com’s Stephanie Tower engaged Dr. Michael Yuan, Chief Scientist at 5miles, in a conversation on cryptoeconomics. Due to the computationally intensive requirements…

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