NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation

Police in New Zealand are working with international law enforcement to track down hackers who reportedly stole over $16.1 million from local exchange Cryptopia, the police reported in a press release Feb. 7. Cryptopia, which suffered an attack beginning Jan. 15 and lasting around two weeks, has lost funds from tens of thousands of Ethereum (ETH) wallets. After confirming they were investigating the case Jan. 16, police revealed today that they are coordinating an international effort to track both the funds and perpetrators, in a report attributed to Detective Inspector…

How MIT Joined Ethereum in the Race for the PoS Blockchain

As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency design based on the proof-of-stake (PoS) protocol. Ethereum — Algorand’s closest competitor, according to the existing estimates — will launch its PoS system sometime between 2019 and 2021. Scheduled updates required for a gradual transition from the proof-of-work (PoW) to a PoS algorithm have been regularly postponed by the Ethereum Foundation due to network vulnerabilities and failures in the process of the network’s upgrade. Trilemma: It’s all about scalability…

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make ‘Gox Coin’ for Creditors

A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in the loss of 850,000 BTC valued at roughly $460 million at the time.…

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry’s growth,” during a live stream via Periscope, Feb. 6. Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting: “I think for our industry to grow we need more entrepreneurs to build real projects.” As Cointelegraph reported last week, the Chicago Board Options Exchange’s, along with investment firm VanEck…

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments’ crypto payments gateway. The news was shared with Cointelegraph in a press release Feb. 7. As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup Tron. According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin…

Abra Users Can Now Buy Stocks and ETFs Using Bitcoin

“Investing in stocks can be a daunting, complex and decidedly exclusionary activity,” says Bill Barhydt, Abra’s CEO. To that end, his company’s mobile cryptocurrency wallet app has announced a new feature which will allow investors to purchase traditional stocks using bitcoin. The new feature is built into the existing Abra app that enables users to buy and sell cryptocurrencies. Crypto investors in the 155 countries where Abra has its presence will be able to invest in traditional stocks, such as Apple or Amazon, as well as in exchange traded funds…

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency. Amazon and Cryptocurrency Investing.com conducted a polled study of 1,000 Amazon shoppers and found that 13% were “OK” with…

Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation. The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub. The new center, which is a part of Commons Foundation’s “Golden Goose” project, will help to facilitate the innovation of blockchain technology and cryptocurrencies across Spanish-speaking countries. Bitfury will provide product and technical support for the project. The facilities used for the…

Book 550,000+ hotels worldwide using TRX

Tron prices shrink ahead of Feb 11 BTT airdrop Book hotels through Travala and pay using TRX Transactions volumes low, prices could drop towards Jan 21 lows Despite increasing adoption and upcoming BTT airdrop, TRX is yet to print above BTT Pre-ICO levels. Nevertheless, TRX stands to weather strong sell pressure and resume their uptrend in the third stage of a classic bull breakout pattern. Tron Price Analysis Fundamentals Through Travala, you can now pay your accommodation using TRX in 82,311 Destinations across 210 countries. What’s more, by settling your…

University Blockchain Research Initiative Expands Global Footprint with 11 New Partners

Ripple has expanded the group of partners within its University Blockchain Research Initiative (UBRI). This global initiative, which launched in June 2018, now supports 29 schools to further accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. Since its launch, UBRI has helped foster increasing levels of interest and academic activity by leading faculty, post-doctoral and graduate students at many of the world’s top universities. The new cohort of partners includes a broader and even more global selection of top-tier university and college partners, representing a…