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Long-serving cryptocurrency exchange forced offline, hackers blamed

Jan15
by on January 15, 2019 at 11:02 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


One of the internet’s longest serving digital asset exchanges, Cryptopia, claims to have been hit by a debilitating hack. After a full day of unscheduled maintenance outages, the NZ-based cryptocurrency exchange posted an official statement, explaining it had suffered “a security breach which resulted in significant losses.” According to Cryptopia, both New Zealand police and its high tech crimes unit are jointly investigating the matter, which they are treating “as a major crime.” pic.twitter.com/0ZwqFfwwHi — Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019 Ominously, $2.4 million was removed from Cryptopia around the same time the outages began, reports CoinDesk, referencing a Twitter account that…

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How Spain’s Iberdrola is using blockchain tech to push renewable energy

Jan15
by on January 15, 2019 at 10:55 am
Posted In: Around the Web, blockchain, Hard Fork, Insider


Iberdrola, one of Spain’s main energy companies, has completed a blockchain pilot to track renewable energy more accurately than it ever could before – resulting in losses being slashed in half. The trial was carried out in cooperation with Kutxabank, a bank with an equity shareholding in Iberdrola. The energy giant used the Energy Web Foundation, an open-sourced and scalable blockchain solution to monitor the renewable energy delivered from two wind farms and one power station to the bank’s offices in the Basque Country and in Cordoba. Iberdrola noted that this new system helped it save millions in resources: This innovation…

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Bittrex launches peer-to-peer trading service for high rollers

Jan15
by on January 15, 2019 at 9:42 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The United States-based cryptocurrency exchange Bittrex has just launched an over-the-counter (OTC) trading desk which will see cryptocurrency traders deal directly, rather than through an exchange. The trading desk will support just under 200 cryptocurrencies, and will guarantee pricing for trades over $250,000, Coindesk reports. The OTC platform went live yesterday evening at 6pm UTC. Bittrex is not the first company to provide such a trading desk. Late last year, Coinbase quietly launched its over-the-counter trading desk to facilitate large trades between institutional investors. In an OTC trade there is no third-party involved; trades take place directly between the investor…

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Why most of 2018’s tech predictions were wrong

Jan15
by on January 15, 2019 at 8:48 am
Posted In: Around the Web, Contributors


At the beginning of each year, tech journalists and everyday consumers love to speculate about the types of technology that the future will hold. And I’ll admit, I like to partake in these activities as well. But as I look back on predictions for 2018 (which started emerging at the end of 2017), I couldn’t help but notice the sheer quantity of missed or overzealous predictions. The fact that tech journalists are constantly overestimating the rate of progress in the tech industry is symptomatic of a bigger problem, and if I had to guess, I’d say 2019 won’t be much…

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a couple of laughzillas on a blue diamond background

Why most of 2018’s tech predictions were wrong

Jan15
by on January 15, 2019 at 8:48 am
Posted In: Around the Web, Contributors


At the beginning of each year, tech journalists and everyday consumers love to speculate about the types of technology that the future will hold. And I’ll admit, I like to partake in these activities as well. But as I look back on predictions for 2018 (which started emerging at the end of 2017), I couldn’t help but notice the sheer quantity of missed or overzealous predictions. The fact that tech journalists are constantly overestimating the rate of progress in the tech industry is symptomatic of a bigger problem, and if I had to guess, I’d say 2019 won’t be much…

This story continues at The Next Web

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