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QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy

Apr09
by on April 9, 2019 at 8:55 am
Posted In: Around the Web, cryptocurrency, Hard Fork


QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday. The move is intended to help reduce costs and ease the recovery of assets from creditors. It comes after a report by Ernst & Young – Quadriga’s court appointed creditor – said there was a ” remote” chance the company could emerge from restructuring, and that the investigation to recover assets could be handled more efficiently if it entered the bankruptcy process. Gerald Cotten,…

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a couple of laughzillas on a blue diamond background

QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy

Apr09
by on April 9, 2019 at 8:55 am
Posted In: Around the Web, cryptocurrency, Hard Fork


QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday. The move is intended to help reduce costs and ease the recovery of assets from creditors. It comes after a report by Ernst & Young – Quadriga’s court appointed creditor – said there was a ” remote” chance the company could emerge from restructuring, and that the investigation to recover assets could be handled more efficiently if it entered the bankruptcy process. Gerald Cotten,…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

China wants to destroy ‘wasteful’ Bitcoin mining

Apr09
by on April 9, 2019 at 8:17 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


China, one of the world’s most prominent blockchain and cryptocurrency forces, wants to put an end to “wasteful” Bitcoin mining. The National Development and Reform Commission (NDRC) has added cryptocurrency mining to its latest list of industries it wants to restrict, or eliminate, Reuters reports. The list outlines activities the NDRC believes should be phased out as they lead to legal complications, pose safety risks, or wastefully pollute the environment. Bitcoin has often been criticized for its high energy use, it was previously reported that the mining network uses more electricity than 20 countries in Europe. That said, Bitcoin mining…

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Or just read more coverage about: Bitcoin

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a couple of laughzillas on a blue diamond background

China wants to destroy ‘wasteful’ Bitcoin mining

Apr09
by on April 9, 2019 at 8:17 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


China, one of the world’s most prominent blockchain and cryptocurrency forces, wants to put an end to “wasteful” Bitcoin mining. The National Development and Reform Commission (NDRC) has added cryptocurrency mining to its latest list of industries it wants to restrict, or eliminate, Reuters reports. The list outlines activities the NDRC believes should be phased out as they lead to legal complications, pose safety risks, or wastefully pollute the environment. Bitcoin has often been criticized for its high energy use, it was previously reported that the mining network uses more electricity than 20 countries in Europe. That said, Bitcoin mining…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

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a couple of laughzillas on a blue diamond background

Opera releases its browser with built-in cryptocurrency wallet to everyone

Apr09
by on April 9, 2019 at 7:00 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Opera’s long-awaited web-browser, Reborn 3, which features an integrated cryptocurrency wallet is officially launching today. According to the announcement, the cryptocurrency wallet in the Opera computer browser syncs with the cryptocurrency wallet in the Opera browser for Android. Opera says that this means wallet keys never leave the users’ smartphone. In principle, it sounds like a two-factor authentication process. When a user needs to identify themselves or sign a transaction on the blockchain, they will get a notification on their phone. Unlocking the phone with a fingerprint will then confirm said transaction. Opera first teased of this functionality back in…

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