The Mt.Gox 150,000 Bitcoin Return Deadline: Here is What ...

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Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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Stakenet (XSN) - A DEX with interchain capabilities (BTC-ETH), Huge Potential [Full Writeup]

Preface
Full disclosure here; I am heavily invested in this. I have picked up some real gems from here and was only in the position to buy so much of this because of you guys so I thought it was time to give back. I only invest in Utility Coins. These are coins that actually DO something, and provide new/build upon the crypto infrastructure to work towards the end goal that Bitcoin itself set out to achieve(financial independence from the fiat banking system). This way, I avoid 99% of the scams in crypto that are functionless vapourware, and if you only invest in things that have strong fundamentals in the long term you are much more likely to make money.
Introduction
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.
The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'
Progress
The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers conservative approach is wise.
As of now the only pairs tradeable on the DEX are XSN/BTC and LTC/BTC. The DEX has only just launched as a public beta and is not in its full public release stage yet. As development moves forward more lightning network and atomic swap compatible coins will be added to the DEX, and of course, the team are hard at work on Raiden Integration - this will allow ETH and tokens on the Ethereum blockchain to be traded on the DEX between separate blockchains(instantly, cheaply, privately) This is where Stakenet enters top 50 territory on CMC if successful and is the true value here. Raiden Integration is well underway is being tested in a closed public group on Linux.
The full public DEX with Raiden Integration is expected to release by the end of the year. Given the state of development so far and the rate of progress, this seems realistic.
Tokenomics
2.6 Metrics overview (from whitepaper)
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of crypto currency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I dont need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive it's trading fee's. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
At $30 million market cap, I cant see any other potential investment right now with this much potential upside.
This post has merely served as in introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, masternodes, TOR integration... for now, here is some additional reading. Resources
TLDR; No. Do you want to make money? I'd start with learning how to read.
submitted by hotprocession to CryptoMoonShots [link] [comments]

This Sub Has Gotten Very Quiet

This is the problem with the crypto community. Many only get excited and interested when they see a major pump. OXTBETS seemed very active and interest peaked in late August. Then, the terrible month of September ensued (which I predicted btw, not to toot my own horn) and now Orchid's level of interest is back to the days of June and July. In the terrible words of scholarly rapper, Future: "Molly, Percocets, Rep the set, Gotta rep the set, Chase a check, Never chase a bitch." NEVER CHASE A CRYPTO or you will be doomed. (Btw Future was basically advertising street drugs which makes that a terrible song).
Everyone should watch this video by Tommy World Power: (0:48) "imagining if someone put $100 in cryptocurrency or BTC in 2009, that in 2013, that $100 would become worth $100 million. Thinking about how people go to work everyday and they have these routines...and if they could put just $100 which is possible for most people in the Western world..." I can admit that I was sleeping on crypto throughout this decade. I first heard about Bitcoin in 2013 and dismissed it as some illegal black market money laundering scheme. And in a way with Mt. Gox, it was like that. Then came the more traditional exchanges like Binance and Coinbase which helped legitimize this asset class.
(1:37) "I watched Bitcoin go from $10 to $1000 in 2013." Didn't we all? (1:50) "I actually made first major investments in Bitcoin and cryptocurrency at the end of 2013, at the end of that bubble...that next year is something we NEVER saw in cryptocurrency before.... My losses on some of them were 90%... Accumulate as much possible at those lows because I knew at some point, it would rebound." Basically, he was referring to how everyone forgot about crypto in 2015 including all his friends and how it came roaring back to reward the loyal crypto holders. Don't chase crypto gains but don't also sleep on crypto.
https://www.youtube.com/watch?v=qhfbIGuSBxY
submitted by truth_revealled to OXTBETS [link] [comments]

We are sending a clear message of integrity and justice, louder than the slander our oppressors can push into the news.

We are almost there.
In less than thirty days I will be drafting an unprecedented announcement that your resilience made possible: the announcement that Silk Road has repaid all victims of our February hack.
As of today, May 27th 2014, 82.09% of all victims of the Feburary hack have been fully repaid.
In June the world will be reminded that when faced with adversity, Silk Road's community doesn't run. We unite.
Our enemies may seize our servers, impound our coins, and arrest our friends, but they cannot stop you: our people.
You write history with every coin transacted here.
It is unprecedented for any entity, darknet or clearnet, to completely repay the victims of a Bitcoin hack.
We are sending a clear message of integrity and justice, louder than the slander our oppressors can push into the news. History will prove that we are not criminals, we are revolutionaries.
We are slaving to transform a notoriously-violent industry into a safe online marketplace, removing the risk of face-to-face transactions.
We do not steal the People's money like Goldman Sachs, Citigroup, and Morgan Stanley. We bail each other out with our own sweat. We are not puppets of fear or greed. We do not run like the cowards at MtGox, TorMarket, or Sheep. Silk Road is not here to scam, we are here to end economic oppression. Silk Road is not here to promote violence, we are here to end the unjust War on Drugs. Silk Road is not here to submit to authority, we are here to defend a foundational human right: freedom of choice. Silk Road is not a marketplace, Silk Road is a global revolt.
When the news hits that everyone has been repaid, do your part to help tear down the world's misimpressions about what our movement stands for.
Four months of everyone's hard work has almost generated one spark. Throw it into the petrol. Be prepared with your throwaway accounts. Tweet. Upvote. Blog. Email editors.
It is an honor to serve you. Defcon
From the front page of the Silk Road six years ago....
submitted by MemoryDealers to btc [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoMarkets [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoNews24by7 [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to cryptonewswire [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to dogecoin [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Daily Crypto Brief for Friday, June 12, 2020.

This is your ITB Media Daily Crypto Brief for Friday, June 12, 2020.

In Mainstream Financial News.
CNBC reports: Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists - https://cnb.cx/3cNxNG6
Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists. “Cryptocurrencies including bitcoin are not an asset class,” Goldman Sachs declared in a slide deck released ahead of an investor call on Wednesday.
Bloomberg Headline: Quadriga Downfall Stemmed From Founder’s Fraud, Regulators Find - https://bloom.bg/2AmzFsm
The Canadian securities regulator has taken the rare step of publishing its findings on its 10-month investigation into QuadrigaCX, whose collapse in 2019 caused at least C$169 million ($125 million) in losses for 76,000 investors in Canada and abroad. QuadrigaCX shut down in January 2019, weeks after Cotten died unexpected while on his honeymoon in India, leaving behind a mystery of what happened to the Bitcoin and other cryptocurrencies on the platform.
The Asia Times Reports: Why India could be the next crypto hub https://bit.ly/3cUCRZn
Here are four key forces driving crypto adoption in India:
Currency fluctuations and mismanagement
Scale
Legalisation and regulation
Huge domestic and foreign remittances
Wall Street Journal Headline: Cyber Daily: Oversight of Cryptocurrency and Other Financial Technology Is Evolving - https://on.wsj.com/3dNMKZT
Oversight of Cryptocurrency and Other Financial Technology Is Evolving. Good day. ... Hackers attacking cryptocurrency exchanges in the last 18 months have stolen millions of dollars of bitcoin and other digital currencies. Plus, a large share of cryptocurrency trades appear to be fake, some researchers say.
Forbes Headline: Bitcoin Falls More Than 8% As Crypto Markets See Red - https://bit.ly/2At253P
Bitcoin prices dropped by more than 8% today, approaching the $9,000 level as digital currency markets suffered widespread losses. The world's most prominent cryptocurrency fell to as little as $9,108.47 close to 1 p.m. EDT, CoinDesk figures show.

In Crypto Publications headlines.

Cointelegraph reports: Karpeles Says Mt Gox Verdict May Set ‘Dangerous’ Precedent - https://bit.ly/2YwXHIY
Karpeles Says Mt Gox Verdict May Set 'Dangerous' Precedent. A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of Mt. ... On June 11, Tokyo District Court Judge Mariko Goto struck down Karpeles' appeal to a previous charge of tampering with financial data
CoinDesk.com headline: Why This Dev Built a ‘Centralized Ethereum’ on Top of Bitcoin’s Lightning Network - https://bit.ly/2MQekKl
Pseudonymous developer Fiatjaf has created Etleneum, which he describes as a “centralized” version of Ethereum that runs on payments from Bitcoin’s Lightning Network. Hence the name, a portmanteau of “Ethereum” and “Lightning.” (If that’s too subtle, the Etleneum logo is a diamond shape like Ethereum’s with a lightning bolt running through it.) Like Ethereum, Etleneum has “contracts,” automated agreements over what rules need to be met before money can be dispensed. The contracts are public like Ethereum’s, and like the world’s second-largest blockchain by market capitalization, Fiatjaf’s platform is open to anyone to use.
Cryptonews.com reports on its front page: Stock Sell-Off Eases While Bitcoin Follows Stocks Again - https://bit.ly/3dVvj9T
As of press time on Friday morning (08:33 UTC), bitcoin was down by 3% over the past 24 hours to trade at a price of USD 9,491. The loss comes after the number one cryptoasset briefly traded above the USD 10k mark early yesterday morning UTC time, before a sharp sell-off sent it all the way down to the USD 9,050 level.
submitted by Gigantile to altcoin_news [link] [comments]

CRYPTO WEEKLY NEWS — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Top crypto events over the last decade

Top crypto events over the last decade
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2020 marks a decade since cryptocurrency became a part of a daily routine. Mass adoption of crypto started with Bitcoin’s appearance in 2009. A lot has happened in the Crypto World since then. Now let’s take a look at the most significant events over the last crypto decade.
  • In 2009 the first block of Bitcoins was mined for a 50 Bitcoins reward. The same year there was the first Bitcoin hard fork which gave us Namecoin.
  • The first exchange appeared in 2010. It was bitcoinmarket.com which doesn’t exist anymore. The same year it was hacked for the first time. This unpleasant event showed the most obvious flaws in the system though. It was rather important to understand all the possible drawbacks, and right up to this moment a lot of efforts are taken to prevent accidents like these.
https://preview.redd.it/2bei49bgxwg41.jpg?width=992&format=pjpg&auto=webp&s=c17047ee3bfbe43102fb786469fe53abd45e70df
  • 2010 was also a year when investors appeared. A lot of people are looking for an opportunity to invest in crypto now, but it has taken some time to learn that crypto can actually be an investment.
  • 2011 was a year of cryptocurrencies’ debuts. Swiftcoin appeared, and as a result of the second Bitcoin hard fork Litecoin came to the Crypto World.
  • In 2011, a physicist by training, 29-year-old Ross William Ulbricht, registered the Internet community called Silk Road on the anonymous Tor network. It has become one of the largest drug trafficking sites in the world. While the site was working, it managed to serve about a million customers, and the turnover of illicit substances exceeded $200 million. Almost all the payments were made in Bitcoins. In October 2013, the FBI closed the Silk Road and arrested 144,000 bitcoins, which at that time was about $100 million.
  • In 2012 people started talking about Bitcoin. It was even mentioned in some TV shows.
  • 2012 was marked by the birth of XRP.
  • By 2013 there were around 10 cryptocurrency assets.
  • In 2013 arguments about cryptocurrency regulation started. Countries had to find a way to deal with new technologies. Germany, Thailand, and China prohibited the use of cryptocurrencies. At the same time Canada launched the very first Bitcoin ATM.
https://preview.redd.it/ifqduu7hxwg41.jpg?width=900&format=pjpg&auto=webp&s=9139c1dd510c504aea5ee0508e692be72b07f999
  • 2014 is famous for the biggest cryptocurrency exchange hack. 850 000 BTC was stolen when the Mt.Gox exchange was hacked.
  • In 2015 several new cryptocurrencies appeared. The Ethereum ecosystem was introduced. Thanks to Ethereum we use smart contracts now.
  • In 2015 the number of Bitcoin ATMs increased, and Argentina started to accept crypto as a payment for taxi rides.
  • In 2015 all the ICOs started. Augur was the first to do this.
  • Starting from 2015 more and more cryptocurrencies appeared. As a result we have 200 000 tokens running on smart contracts now.
  • In 2017 Japan decided to legalize Bitcoin as a payment method. In Norway Bitcoin became an authorized investment and payment.
  • 2017 is famous for the appearance of the most adorable blockchain project, CryptoKitties. It is not a currency, but an asset. The main thing that distinguishes CryptoKitties from all the other tokens is the uniqueness. Usually tokens are interchangeable. The value of your assets is expressed primarily in the number of tokens you have. The value of each CryptoKitty is different. What kinds of CryptoKitties you have is important. So, your only CryptoKitty may cost more than three CryptoKitties of another user. Nonetheless, CryptoKitties are in fact ERC-721 tokens built on the Ethereum blockchain. Everything is administered by smart contracts, and ETH is used for all transactions. CryptoKitties became very famous. Since December 2, new kitties appeared every 15 minutes. They became a powerful tool in showing people how to use blockchain technologies in a fun way. CryptoKitties were so attractive that at a certain moment in 2017 they congested the Ethereum network.
https://preview.redd.it/0tfc13zhxwg41.jpg?width=2500&format=pjpg&auto=webp&s=cdd8291103d4d943d9de8390e130b9da3eb7eae8
  • 15 November 2018 was the time when BCH hard fork happened. It was a result of the inner conflict between two camps: Roger Ver and Jihan Wu on the one side, and Craig Steven Wright and Calvin Ayre on the other side. This discord was caused by different versions of software. The whole thing culminated in creating BCH with 32 MB block size limit and BSV (Bitcoin Satoshi’s Vision) with 128 MB block size limit.
  • 2018 was time for European countries to come together and discuss cryptocurrency regulation.
  • 2019 was not a good year for XRP. In June wallets that were hosted on Gatehub were hacked and 23 200 000 XRP was stolen. Upbit exchange did not have a great year either. It was hacked and lost 10 000 ETH.
https://preview.redd.it/r28fh1lixwg41.jpg?width=997&format=pjpg&auto=webp&s=0647df98dca5d5ad973649787415a0f56c27f360
There were a lot of attempts to create a digital currency. Not all of them were successful. Finally, Bitcoin appeared and changed the world’s perception of the concept. It came a long way and became a whole industry. It is developing constantly involving more and more people on the way. The list of new cryptocurrencies is expanding rapidly. For the next decade there are still some problems to solve, but nonetheless the future of cryptocurrency seems to be extremely exciting.
submitted by SimpleSwapExchange to btc [link] [comments]

Lesson - History of Bitcoin crashes

Bitcoin has spectacularly 'died' several times
📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500
I've held through all the crashes. Who's laughing now? Not the panic sellers.
Market is all about moving money from impatient to the patient. You see crash, I see opportunity.
You - OMG Bitcoin is crashing, I gotta sell!
Me - OMG Bitcoin is criminally undervalued, I gotta buy!
N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.
When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.
Well, here's your chance at almost 60% discount!
With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k.
submitted by xcryptogurux to Bitcoin [link] [comments]

The biggest cryptocurrency thefts in the last 10 years

In this article, we will try to remember all the major theft of cryptocurrencies over the past 10 years.
1. Bitstamp $5.3 mln (BTC), January 4th, 2015
On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost.
The initiation of the attack fell on November 4, 2014. Then Damian Merlak, the CTO of the exchange, was offered free tickets to punk rock festival Punk Rock Holiday 2015 via Skype, knowing that Merlak is interested in such music and he plays in the band. To receive the tickets, he was asked to fill out a participant questionnaire by sending a file named “Punk Rock Holiday 2015 TICKET Form1.doc”. This file contained the VBA script. By opening the file, he downloaded the malware on his computer. Although Merlak did not suspect wrong and has opened the "application form", to any critical consequences, this did not open access to the funds of exchange.
The attackers, however, did not give up. The attack continued for five weeks, during which hackers presented themselves as journalists, then headhunters.
Finally, the attackers were lucky. On December 11, 2014, the infected word document was opened on his machine by Bitstamp system administrator Luka Kodric, who had access to the exchange wallet. The file came to the victim by email, allegedly on behalf of an employee of the Association for computer science, although in fact, as the investigation showed, the traces of the file lead deep into Tor. Hackers were not limited to just one letter. Skype attacker pretending to be an employee of the Association for computing machinery, convinced that his Frame though to make international honor society, which required some paperwork. Kodric believed.
By installing a Trojan on Kodriс's computer hackers were able to obtain direct access to the hot wallet of the exchange. The logs show that the attacker, under the account of Kodric, gained access to the server LNXSRVBTC, where he kept the wallet file.dat, and the DORNATA server where the password was stored. Then the servers were redirected to a certain IP address that belongs to one of the providers of Germany.
There are still no official reports of arrests in this case. Obviously, the case is complicated by the fact that the hackers are outside the UK, and the investigation has to cooperate with law enforcement agencies in other countries.
2. GateHub $9.5 mln (XRP), June 1th, 2019
Hackers have compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was reported by GateHub in a preliminary statement on June 6.
XRP enthusiast Thomas Silkjær, who first noticed the suspicious activity, estimates that the hackers have stolen nearly $10 million worth of cryptocurrency (23,200,000 XRP), $5.5 million (13,100,000 XRP) of which has already been laundered through exchanges and mixer services.
GateHub notes that it is still conducting an investigation and therefore cannot publish any official findings. Also, GateHub advises victims to make complaints to the relevant authorities of their jurisdiction.
3. Tether, $30.9 mln (USDT), November 19th, 2017
Tether created a digital currency called "US tokens" (USDT) — they could be used to trade real goods using Bitcoin, Litecoin and Ether. By depositing $1 in Tether, the user received 1 USD, which can be converted back into fiat. On November 19, 2017, the attacker gained access to the main Tether wallet and withdrew $ 30.9 million in tokens. For the transaction, he used a Bitcoin address, which means that it was irreversible.
To fix the situation, Tether took action by which the hacker was unable to withdraw the stolen money to fiat or Bitcoin, but the panic led to a decrease in the value of Bitcoin.
4. Ethereum, $31 mln (ETH), July 20th, 2017
On July 20, 2017, the hacker transferred 153,037 Ethers to $31 million from three very large wallets owned by SwarmCity, Edgeless Casino and Eternity. Unknown fraudster managed to change the ownership of wallets, taking advantage of the vulnerability with multiple signatures.
First, the theft was noticed by the developers of SwarmCity.
Further events deserve a place in history: "white hackers" returned the stolen funds, and then protected other compromised accounts. They acted in the same way as criminals, who stole funds from vulnerable wallets — just not for themselves. And it all happened in less than a day.
5. Dao (Decentralized Autonomous Organization) $70 mln (ETH), June 18th, 2016
On June 18, 2016, members of the Ethereum community noticed that funds were being drained from the DAO and the overall ETH balance of the smart contract was going down. A total of 3.6 million Ether (worth around $70 million at the time) was drained by the hacker in the first few hours. The attack was possible because of an exploit found in the splitting function. The attackes withdrew Ether from the DAO smart contract multiple times using the same DAO Tokens. This was possible due to what is known as a recursive call exploit.
In this exploit, the attacker was able to "ask" the smart contract (DAO) to give the Ether back multiple times before the smart contract could update its own balance. There were two main faults that made this possible: the fact that when the DAO smart contract was created the coders did not take into account the possibility of a recursive call, and the fact that the smart contract first sent the ETH funds and then updated the internal token balance.
It's important to understand that this bug did not come from Ethereum itself, but from this one application that was built on Ethereum. The code written for the DAO had multiple bugs, and the recursive call exploit was one of them. Another way to look at this situation is to compare Ethereum to the Internet and any application based on Ethereum to a website: if a website is not working, it doesn't mean that the Internet is not working, it simply means that one website has a problem.
The hacker stopped draining the DAO for unknown reasons, even though they could have continued to do so.
The Ethereum community and team quickly took control of the situation and presented multiple proposals to deal with the exploit. In order to prevent the hacker from cashing in the Ether from his child DAO after the standard 28 days, a soft-fork was voted on and came very close to being introduced. A few hours before it was set to be released, a few members of the community found a bug with the implementation that opened a denial-of-service attack vector. This soft fork was designed to blacklist all the transactions made from the DAO.
6. NiceHash, 4736.42 (BTC), December 6th, 2017
NiceHash is a Slovenian cryptocurrency hash power broker with integrated marketplace that connects sellers of hashing power (miners) with buyers of hashing power using the sharing economy approach.
On December 6, 2017, the company's servers became the target of attack. At first, Reddit users reported that they could not access their funds and make transactions — when they tried to log in, they were shown a message about a service interruption. In the end, it became known that the service had undergone a major cyberattack and 4736,42 Bitcoins disappeared without a trace.
Despite heavy losses, NiceHash was able to continue working, but CEO and founder Marco Koval resigned, giving way to a new team. The company managed to maintain the trust of investors and began to strengthen the protection of its systems.
7. Mt.Gox, 850000 (BTC), June 19th, 2011
The Hacking Of Mt.Gox was one of the biggest Bitcoin thefts in history. It was the work of highly professional hackers using complex vulnerabilities.
A hacker (or a group of hackers) allegedly gained access to a computer owned by one of the auditors and used a security vulnerability to access Mt.Gox servers, then changed the nominal value of Bitcoin to 1 cent per coin.
Then they brought out about 2000 BTC. Some customers, without knowing it, conducted transactions at this low price, a total of 650 BTC, and despite the fact that the hacking hit the headlines around the world, no Bitcoin could be returned.
To increase investor confidence, the company has compensated all of the stolen coins, placed most of the remaining funds in offline storage, and the next couple of years was considered the most reliable Bitcoin exchanger in the world.
However, it was only an illusion of reliability.
The problems of the organization were much more serious, and the management probably did not even know about them.
CEO of Mt.Gox, Mark Karpeles, was originally a developer, but over time he stopped delving into technical details, basking in the rays of glory — because he created the world's largest platform for cryptocurrency exchange. At that time Mt.Gox handled over 70% of all Bitcoin transactions.
And, of course, there were those who wanted to take advantage of the technological weakness of the service. At some point, hackers made it so that Bitcoins could be bought at any price, and within minutes millions of dollars worth of coins were sold — mostly for pennies. World prices for Bitcoin stabilized in a few minutes, but it was too late.
As a result, Mt.Gox lost about 850,000 Bitcoins. The exchange had to declare bankruptcy, hundreds of thousands of people lost money, and the Japanese authorities arrested CEO Mark Karpeles for fraud. He pleaded not guilty and was subsequently released. In 2014, the authorities restored some of the Bitcoins remaining at the old addresses, but did not transfer them to the exchange, and created a trust to compensate for the losses of creditors.
8. Coincheck, $530 mln, January 26th, 2018
The sum was astonishing, and even surpassed the infamous Mt.Gox hack.
While Mt.Gox shortly filed for bankruptcy following the hack, Coincheck has surprisingly remained in business and was even recently approved as a licensed exchange by Japan’s Financial Services (FSA).
Coincheck was founded in 2014 in Japan and was one of the most popular cryptocurrency exchanges in the country. Offering a wide variety of digital assets including Bitcoin, Ether, LISK, and NEM, Coincheck was an emerging exchange that joined the Japan Blockchain Association.
Since Coincheck was founded it 2014, it was incidentally not subject to new exchange registration requirements with Japan’s FSA — who rolled out a framework after Mt. Gox –, and eventually was a contributing factor to its poor security standards that led to the hack.
On January 26th, 2018, Coincheck posted on their blog detailing that they were restricting NEM deposits and withdrawals, along with most other methods for buying or selling cryptocurrencies on the platform. Speculation arose that the exchange had been hacked, and the NEM developers issued a statement saying they were unaware of any technical glitches in the NEM protocol and any issues were a result of the exchange’s security.
Coincheck subsequently held a high-profile conference where they confirmed that hackers had absconded with 500 million NEM tokens that were then distributed to 19 different addresses on the network. Totaling roughly $530 million at the time — NEM was hovering around $1 then — the Coincheck hack was considered the largest theft in the industry’s history.
Coincheck was compelled to reveal some embarrassing details about their exchange’s security, mentioning how they stored all of the NEM in a single hot wallet and did not use the NEM multisignature contract security recommended by the developers.
Simultaneously, the NEM developers team had tagged all of the NEM stolen in the hack with a message identifying the funds as stolen so that other exchanges would not accept them. However, NEM announced they were ending their hunt for the stolen NEM for unspecified reasons several months later, and speculation persisted that hackers were close to cashing out the stolen funds on the dark web.
Mainstream media covered the hack extensively and compared it to similar failures by cryptocurrency exchanges in the past to meet adequate security standards. At the time, most media coverage of cryptocurrencies was centered on their obscure nature, dramatic volatility, and lack of security. Coincheck’s hack fueled that narrative considerably as the stolen sum was eye-popping and the cryptocurrency used — NEM — was unknown to most in the mainstream.
NEM depreciated rapidly following the hack, and the price fell even more throughout 2018, in line with the extended bear market in the broader industry. Currently, NEM is trading at approximately $0.07, a precipitous fall from ATH over $1.60 in early January.
The extent of the Coincheck hack was rivaled by only a few other hacks, notably the Mt.Gox hack. While nominally Coincheck is the largest hack in the industry’s history, the effects of Mt.Gox were significantly more impactful since the stolen funds consisted only of Bitcoin and caused a sustained market correction as well as an ongoing controversy with the stolen funds and founder. Moreover, Mt.Gox squandered 6% of the overall Bitcoin circulation at the time in a market that was much less mature than it is today.
Despite the fallout, Coincheck is now fully operational and registered with Japan’s FSA.
As practice shows, people make mistakes and these mistakes can cost a lot. Especially, when we talk about mad cryptoworld. Be careful and keep your private keys in a safe place.
submitted by SwapSpace_co to BitcoinMarkets [link] [comments]

BTC premium on Bitfinex at $280 (~5%), widespread reports of people unable to withdraw fiat from the platform.

Bitcoin reserves in Bitfinex's cold wallet have also dropped precipitously from 120K BTC to 77K (-36%). If stats on total crypto on the platform were available it would likely be much greater.
Mt. Gox showed similar signs prior to its collapse in November of 2013. Keep in mind the hack was over two years prior in June 2011, so things can look normal for a long time until they're suddenly not. It's possible that Bitfinex can continue in its current state for years, at a deficit, so long as sources of cash like the recent IEO are available.
submitted by cryptoslate to CryptoCurrency [link] [comments]

The Decade in Blockchain — 2010 to 2020 in Review

2010

February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later.
April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC
May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD)
June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public
July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’
July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established
August —Bitcoin protocol bug leads to emergency hard fork
December — Satoshi Nakamoto ceases communication with the world

2011

January — One-quarter of the eventual total of 21M bitcoins have been generated
February — Bitcoin reaches parity for the first time with USD
April — Bitcoin reaches parity with EUR and GBP
June — WikiLeaks begins accepting Bitcoin donations
June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin
August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines
October — Litecoin released
December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.

2012

May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue
July — Government of Estonia begins incorporating blockchain into digital ID efforts
September — Bitcoin Foundation created
October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service
November — First Bitcoin halving to 25 BTC per block

2013

February — Reddit begins accepting bitcoins for Gold memberships
March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike.
May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation
May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70
June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder
July — Mastercoin becomes the first project to conduct an ICO
August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money
October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins
November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform
December — The first commit to the Ethereum codebase takes place

2014

January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami
February — HMRC in the UK classifies Bitcoin as private money
March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not
April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger
June — Ethereum Foundation established in Zug, Switzerland
June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper
July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days
September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap
October — ConsenSys is founded by Joe Lubin
December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments

2015

January — Coinbase opens up the first U.S-based cryptocurrency exchange
February — Stripe initiates bitcoin payment integration for merchants
April — NASDAQ initiates blockchain trial
June — NYDFS releases final version of its BitLicense virtual currency regulations
July — Ethereum’s first live mainnet release—Frontier—launched.
August — Augur, the first token launch on the Ethereum network takes place
September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months
October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss
November — Announcement of first zero knowledge proof, ZK-Snarks
December — Linux Foundation establishes Hyperledger project

2016

January — Zcash announced
February — HyperLedger project announced by Linux Foundation with thirty founding members
March — Second Ethereum mainnet release, Homestead, is rolled out.
April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M
May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members
June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account
July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic
July — Second Bitcoin halving to 12.5BTC per block mined
November — CME Launches Bitcoin Price Index

2017

January — Bitcoin price breaks US$1,000 for the first time in three years
February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later
March — Multiple applications for Bitcoin ETFs rejected by the SEC
April — Bitcoin is officially recognized as currency by Japan
June — EOS begins its year-long ICO, eventually raising $4 billion
July — Parity hack exposes weaknesses in multisig wallets
August — Bitcoin Cash forks from the Bitcoin Network
October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis
September — China bans ICOs
October — Bitcoin price surpasses $5,000 USD for the first time
November — Bitcoin price surpasses $10,000 USD for the first time
December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits

2018


January — Ethereum price peaks near $1400 USD
March — Google bans all ads pertaining to cryptocurrency
March — Twitter bans all ads pertaining to cryptocurrency
April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year
April — EU government commits $300 million to developing blockchain projects
June — The U.S. Securities and Exchange Commission states that Ether is not a security.
July — Over 100,000 ERC20 tokens created
August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange
October — Bitcoin’s 10th birthday
November — VC investment in blockchain tech surpasses $1 billion
December — 90% of banks in the US and Europe report exploration of blockchain tech

2019

January — Coinstar machines begin selling cryptocurrency at grocery stores across the US
February — Ethereum’s Constantinople hard fork is released, part two of Metropolis
April — Bitcoin surpasses 400 million total transactions
June — Facebook announces Libra
July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain”
August — Ethereum developer dominance reaches 4x that of any other blockchain
October — Over 80 million distinct Ethereum addresses have been created
September — Santander bank settles both sides of a $20 million bond on Ethereum
November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
submitted by blockstasy to CryptoTechnology [link] [comments]

Did anyone else get very long email with the subject "【MTGOX】同意事項/Terms of Consent" today?

This was the full email. There were also 2 PDF attachments. The only part I have changed is where I've redacted my "creditor number". Please discuss what you think about it.
(English follows Japanese)
債権者様(債権者番号:XXXXXXXXXXX)
本メールは、株式会社MTGOX(以下「MTGOX」といいます。)の破産手続において破産債権の届出をしたものの、MTGOXの民事再生手続(以下「本民事再生手続」といいます。)において、再生債権の届出をしておらず、MTGOXのデータベースに存在した残高が自認債権として認められた債権者の方にお送りしています。
貴殿/貴社について認められた自認債権については、添付PDFファイルに記載しておりますのでご確認ください。
本民事再生手続において、届出債権者の方には、弁済を含めた諸手続を円滑に進めるため、本民事再生手続に関する同意事項に同意いただいております。しかし、貴殿/貴社は債権届出をしていないことから、未だ当該同意事項へ同意いただいておりません。弁済を含めた今後の手続を円滑に進めるためには、貴殿/貴社にも同様の同意事項に対して同意していただく必要があります。
そこで、本メールの末尾に記載しました「民事再生手続に関する同意事項」又は本メールに添付しました「民事再生手続に関する同意事項」(内容は同一です。)をご確認いただき、内容に同意いただける場合には、下記の文言を記載して、本メールに直接返信してください。
「私は、MTGOXの民事再生手続について、再生管財人から送付された「民事再生手続に関する同意事項」について同意及び表明いたします。」
再生管財人は、今後も、東京地方裁判所と協議しながら、適切な民事再生手続の遂行に努めてまいりますので、ご理解ご協力の程宜しくお願い申し上げます。
再生債務者株式会社MTGOX 再生管財人弁護士小林信明
To creditor (creditor number: XXXXXXXXXXX)
You have received this email because you are a creditor ofMtGox Co., Ltd. (“MtGox”) who filed a proof of bankruptcy claim(s) under the previous bankruptcy proceedings forMtGox but did not file a proof of rehabilitation claim(s) under the civil rehabilitation proceedings for MtGox (the “Civil Rehabilitation Proceedings”) and whose remaining balance on the MtGox database was approved by the Rehabilitation Trustee as a self-approved rehabilitation claim(s) (i.e., a rehabilitation claim that was not filed but accepted by the trustee voluntarily in accordance with the Civil Rehabilitation Act).
Your self-approved rehabilitation claim(s) are detailed in the attached PDF file for your review.
In the Civil Rehabilitation Proceeding, the rehabilitation creditors who filed their proofs of rehabilitation claim agreed to the terms of consent regarding the Civil Rehabilitation Proceedings to proceed smoothly with various procedures including repayment. However, since you have not filed a claim, you have not yet agreed to these terms of consent. In order to facilitate various proceedings, your consent to the terms is required.
Accordingly, we hereby stated the “Terms of Consent Regarding the Civil Rehabilitation Proceedings” at the end of this email, as well as attached the same to this email. Please carefully read the terms therein, and if you agree to the terms, please reply to this email and state the sentence below in the body of your reply.
“I/We hereby agree to and represent as set forth in the “Terms of Consent Regarding the Civil Rehabilitation Proceedings” sent by the rehabilitation trustee, in relation to the civil rehabilitation proceedings for MtGox Co., Ltd.”
The rehabilitation trustee will continue to make an effort to conduct the Civil Rehabilitation Proceeding appropriately and in consultation with the Tokyo District Court, and the rehabilitation trustee would appreciate the understanding and cooperation of all concerned parties.
Rehabilitation Debtor: MtGox Co., Ltd. Rehabilitation Trustee: Nobuaki Kobayashi, Attorney-at-law
事件番号 平成29年(再)第35号 / Case Number 2017 (sai) No. 35 再生債務者 株式会社MTGOX / Rehabilitation Debtor: MTGOX Co., Ltd.
民事再生手続に関する同意事項 Terms of Consent Regarding the Civil Rehabilitation Proceedings
1. 私/当社は、上記債権者番号の自認債権者本人であり、私/当社が届け出た情報は真実、正確かつ完全であること。その違反に起因又は関連して生じるあらゆる損害、損失、債務、コスト又は費用(以下「損害等」という。)について、株式会社MTGOX(以下「MTGOX」という。)及びMTGOXの民事再生手続(東京地方裁判所平成29年(再)第35号。以下「本民事再生手続」という。)における管財人(その代理及び補佐を含み、以下「再生管財人」という。)は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I am/We are the creditor of self-approved rehabilitation claims that has the above creditor number, and I/we represent that the information that I/we have provided therein is true, accurate, and complete. MtGox Co., Ltd. (“MTGOX”) and the trustee (including deputy trustees and assistant trustees; the “Rehabilitation Trustee”) of the MTGOX civil rehabilitation proceedings (Tokyo District Court; 2017 (sai) Case No. 35; the “Civil Rehabilitation Proceedings”) are not liable in any respect for any damage, loss, liability, cost or expense (“Damages”) arising out of or in connection with any breach of such representation, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
2. 再生管財人の故意によらず、ビットコイン及びビットコインから分岐した他の仮想通貨(以下「フォークコイン」といい、ビットコインと総称して「ビットコイン等」という。)の技術上の問題・障害等に起因又は関連して生じるあらゆる損害等(ビットコイン等又は金銭による弁済を受領できないことによる損害を含むが、これに限られない。)について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any technical issue, impediment, or other ground, in the absence of without willful misconduct by the Rehabilitation Trustee, regarding Bitcoin or any other cryptocurrency split from Bitcoin (a “Fork Coin”; collectively with Bitcoin, “Bitcoin, Etc.”) (including, but not limited to, any damage related to payments in Bitcoin, Etc. or cash not being received), and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
3. 私/当社は、本書式のダウンロードその他のために必要なコンピュータ等の機器、ソフトウェアその他のアプリケーション、通信回線その他の通信環境等の準備(必要なアプリケーションのインストールを含む。)及び維持、並びに自らの利用環境に応じたコンピュータ・ウイルスの感染の防止、不正アクセス及び情報漏洩の防止等のセキュリティ対策を、自らの費用と責任において行うこと。本項に定める事項の違反に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。私/当社は、MTGOX及び再生管財人が利用環境を推奨した場合であっても動作保証は行わないことを認識し、これに同意していること。 I/We will, at my/our expense and responsibility, setup and maintain computers and other equipment, software and other applications, telecommunication lines and other telecommunication environments, among others, necessary to download this form (including installing necessary applications) and, in accordance with my/our use environment, take security measures, such as preventing infection by computer viruses, unauthorized access and information divulgence. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any breach of any matter stipulated in this paragraph, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. I/We acknowledge and agree that notwithstanding that MTGOX and the Rehabilitation Trustee have recommended a use environment its operation is not guaranteed in any respect.
4. 私/当社は、自らの責任において、MTGOXのビットコイン取引所に登録していたユーザーネーム、メールアドレス及びパスワード、MTGOXの破産手続(東京地方裁判所平成26年(フ)第3830号。以下「本破産手続」という。)において債権者情報として登録した連絡先メールアドレス等私/当社であることの確認のために必要な情報及びこれに関連するもの(以下、総称して「パスワード等」という。)を管理、保管するものとし、パスワード等を第三者に利用させたり、貸与、譲渡、名義変更、売買その他処分をしたりしないこと。再生管財人は、私/当社のパスワード等により行われた一切の行為を、私/当社の行為とみなすことができ、パスワード等の管理不十分、使用上の過誤、漏洩、第三者の使用、盗用等に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We will, at my/our responsibility, manage and store user names, email address and passwords registered on the MTGOX Bitcoin exchange; the contact address registered as creditor information in the bankruptcy proceedings (Tokyo District Court; 2014 (fu) Case No. 3830; the “Bankruptcy Proceedings”); or any other information necessary for identity confirmation and anything related thereto (collectively, the “Passwords”) and will neither permit any third party to use the Passwords nor lend, assign, transfer ownership, trade, or handle the Passwords in any other manner. The Rehabilitation Trustee may deem all acts conducted with my/our Passwords as mine/our act; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with insufficient management, erroneous use, divulgence, third party use, illegal use, or otherwise of the Passwords, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
5. 私/当社は、再生管財人が定めている又は今後定める、再生管財人が用意した方式・方法による届出・通知及びこれに関連する事項を行う際のルール(今後の変更を含む。)を理解した上でこれに従うものとし、当該ルールに違反し、又は違反しようとしたことに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We will familiarize myself/ourselves with and follow current rules or future rules (as amended from time to time) for any filing/notifying with the form/method the Rehabilitation Trustee provided and anything related thereto stipulated, by the Rehabilitation Trustee; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any breach of or any attempted breach of the rules, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
6. 他のウェブサイトからMTGOXのウェブサイトへのリンクが提供されている場合においても、MTGOXのウェブサイト以外のウェブサイト及びそこから得られる情報並びにそれに起因又は関連して生じる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any website other than MTGOX’s website, any information obtained therefrom, and any Damages arising out of or in connection with the same, notwithstanding that MTGOX’s website may be linked on another website, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
7. 私/当社と他の再生債権者その他の者との間において生じた取引、連絡、紛争等については、私/当社の責任において処理及び解決するものとし、かかる事項及びそれに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/we will, at my/our responsibility, handle and resolve any and all transactions, communication, disputes, among others, arising between me/us, another rehabilitation creditor, or any other person; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any relevant matter and any Damages arising out thereof or in connection therewith, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
8. 法律、政令、法令、命令、通達、条例、ガイドラインその他の規制(以下「法令等」という。)又は消費税を含む税制の将来の制定又は変更に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社は、MTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。また、法令等又は消費税を含む税制の将来の制定又は変更が過去に遡及した場合に、これに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with a future enactment or amendment to a law, cabinet order, ordinance, order, directive, bylaw, guideline, or any other regulation (“Laws”) or the tax system, including consumption tax; and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. Further, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any future enactment or amendment with a retroactive effect on Laws or the tax system including consumption tax, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
9. 裁判所又は再生管財人が、再生管財人が私/当社のメールアドレスと認めるメールアドレス宛に電子メールにより通知を送信することによって、私/当社に対する適法な通知があったものとみなすこと。当該メールアドレスの不備等(メールアドレスの記載漏れを含む。)に起因又は関連して、当該メールアドレスに宛てた電子メールを送信することができず又は電子メールが到達しない場合(到達が確認できない場合を含む。)であっても同様とすること。 An appropriate notification is deemed to have been made to me/us if the court or the Rehabilitation Trustee sends a notification via email to the email address which is considered to be my/our email address by the Rehabilitation Trustee. The same applies notwithstanding that, due to, or in connection with, an inadequacy, inaccurateness or incompleteness, or any other issue (including omission of the email address), in or with that email address, an email addressed to that email address cannot be sent or the email is not delivered including where receipt is unconfirmed.
10.私/当社が本届出書を利用して行った再生債権の届出の内容について、再生管財人が裁判所その他必要な第三者に提出すること。 The Rehabilitation Trustee may submit the proof of rehabilitation claim filed by me/us using this form to the court and other third parties as necessary.
11.私/当社は、本民事再生手続においてパスワード等を用いて入手することができる一切の情報(他の再生債権者に関する情報を含むが、これに限られない。)を、本民事再生手続における権利行使の目的にのみ使用することとし、第三者に提供、開示又は漏洩しないこと。 I/We will use information (including, but not limited to, information related to any other rehabilitation creditors) acquired by using the Passwords in the Civil Rehabilitation Proceedings only for the purpose of exercising rights in the Civil Rehabilitation Proceedings and will not provide, disclose, or divulge such information to any third party.
12.私/当社の本民事再生手続における議決権の額は、再生管財人が提示する次の為替レートによって、円換算されて評価されること。 The amount of my/our voting rights in the Civil Rehabilitation Proceedings is computed through conversion to Japanese Yen (JPY) using the following exchange rates provided by the Rehabilitation Trustee:
(a) 外国通貨 平成30年6月21日(日本時間)の東京外国為替市場・電信為替売相場として三菱UFJリサーチ&コンサルティング株式会社が公表した相場 Foreign currency: the exchange rates publicly announced by Mitsubishi UFJ Research and Consulting Co., Ltd. as the Tokyo Foreign Exchange Market / Telegraphic Transfer Selling Rate on June 21, 2018 (Japan Time) (b) ビットコイン 平成30年6月21日23時59分(日本時間)時点のCoinDeskが発表する米国ドル建てのビットコイン相場を(a)の相場により日本円に換算した金額(1 BTC=6,724.57米国ドル=749,318.83円。1米国ドル=111.43円) Bitcoin: the amount obtained by converting the Bitcoin price denominated in USD announced by CoinDesk at 23:59 on June 21, 2018 (Japan Time) to JPY using the exchange rate referred to in the above (a). (1 BTC=6,724.57 USD = 749,318.83 JPY; 1 USD = 111.43 JPY) (c) ビットコインキャッシュ 平成30年6月21日23時59分(日本時間)時点のCoinDeskが発表する米国ドル建てのビットコインキャッシュ相場を(a)の相場により日本円に換算した金額(1 BCH=874.82米国ドル=97,481.19円。1米国ドル=111.43円) Bitcoin Cash: the amount obtained by converting the Bitcoin Cash Price denominated in USD announced by CoinDesk at 23:59 on June 21, 2018 (Japan time) to JPY using the exchange rate referred to in the above (a). (1 BCH = 874.82 USD = 97,481.19 JPY; 1 USD = 111.43 JPY) (d) その他の仮想通貨 金額は未定 Amounts for other cryptocurrencies: not determined
13.本民事再生手続においては、ビットコイン等の返還請求権は非金銭債権として取り扱われ、当該返還請求権に係る遅延損害金は生じないこととすること。 In the Civil Rehabilitation Proceedings, the right to claim for return of Bitcoin Etc. is treated as a non-monetary claim, and no delay damages pertaining to such right to claim for return will accrue.
14.再生管財人の私/当社への弁済(金銭及びビットコイン等の弁済を含む。)及びこれに関連する行為が、日本国の外国為替及び外国貿易法、米国財務省の金融制裁(OFAC規制)その他私/当社に関して適用のあるいかなる法令等にも抵触しないこと。再生管財人は、再生管財人の実施する私/当社への弁済及びこれに関連する行為が、日本国外の法令等に抵触しないことをいかなる意味においても保証しないこと。これらの法令等への抵触に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。再生管財人の私/当社への弁済に起因又は関連して私/当社に課される一切の公租公課(当該弁済の態様によって公租公課の額が増減する場合を含む。)は、私/当社が負担し、当該公租公課又はその増減に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Any payment (including payment of cash and Bitcoin Etc.) to me/us by the Rehabilitation Trustee and any act related thereto do not conflict with the Foreign Exchange and Foreign Trade Act of Japan, the United States Department of the Treasury’s financial sanctions (OFAC regulations) and any other applicable Laws. The Rehabilitation Trustee does not guarantee, in any respect, that payment to me/us by the Rehabilitation Trustee and any act related thereto do not conflict with Laws outside of Japan. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any conflict with any applicable Laws, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. I/We will bear all taxes and other public charges (including any increases or decreases in the amount of taxes and other public charges due to the manner of the payment) levied on me/us arising out of or in connection with any payment to me/us by the Rehabilitation Trustee; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such taxes and other public charges and increase or decrease thereof, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
15.再生管財人が、仮想通貨取引所(日本国内の仮想通貨交換業者を含むが、これに限られない。以下同じ。)又は金融機関(資金移動業者を含む。以下同じ。)に開設された再生債権者の口座に対して弁済金を振り込む場合、私/当社は、再生管財人の指定する方法により届け出た氏名・名称と同一名義の仮想通貨取引所又は金融機関の口座で受け取ること。 If the Rehabilitation Trustee transfers the money for distribution to an account of a rehabilitation creditor opened at a cryptocurrency exchange (including, but not limited to, cryptocurrency exchangers in Japan; the same applies below) or a financial institution (including fund transfer operators; the same applies below), I/we will receive the same in the account at the cryptocurrency exchange or the financial institution under the same name as that name I/we notified in the manner designated by the Rehabilitation Trustee.
16.私/当社が再生管財人の指定する仮想通貨取引所に開設した口座でビットコイン等及び/又は金銭で弁済を受ける場合には、次の各事項。 If I/we receive payment in Bitcoin Etc. and/or in cash in an account opened at the cryptocurrency exchange designated by the Rehabilitation Trustee, the following applies:
(a) 私/当社は、送付先等の必要情報を正確に提供しなければならず、その誤りから結果的にビットコイン等及び/又は金銭を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/we must accurately provide necessary information about my/our accounts, among others, and, notwithstanding that an error therein results in my/our not receiving Bitcoin, Etc. or cash, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such non-receipt, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(b) 再生管財人がビットコイン等及び/又は金銭を当該仮想通貨取引所に交付した時点で弁済が完了し、MTGOX及び再生管財人の弁済義務は消滅するものとし、再生管財人による当該仮想通貨取引所へのビットコイン等及び/又は金銭の交付後、私/当社が何らかの理由(仮想通貨のブロックチェーンの不具合、仮想通貨取引所のシステムの不具合を含むが、これらに限られない。)により仮想通貨取引所からのビットコイン等及び/又は金銭の適切な弁済を受けることができなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 The instant the Rehabilitation Trustee sends Bitcoin, Etc. or cash to the cryptocurrency exchange, the payment by MTGOX and the Rehabilitation Trustee is deemed complete, and the payment obligation of MTGOX and the Rehabilitation Trustee is deemed to be discharged; and, after Bitcoin Etc. or cash has been sent to the cryptocurrency exchange by the Rehabilitation Trustee, notwithstanding that I/we fail to receive appropriate payment of Bitcoin Etc. or cash from the cryptocurrency exchange for any reason (including, but not limited to, a malfunction in the blockchain of the cryptocurrency or a system malfunction at the cryptocurrency exchange), MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such failure, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
17.私/当社が金融機関の口座において金銭で弁済を受ける場合には、次の各事項。 If I/we receive cash in an account at a financial institution, the following applies:
(a) 私/当社は、送付先等の必要情報を正確に提供しなければならず、その誤りから結果的に金銭を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We must accurately provide necessary information about my/our accounts, among others, and, notwithstanding that an error therein results in my/our not receiving cash, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with that, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(b) 取扱通貨の種別や送金元銀行との取引の有無、日本国内外の法令等及び各金融機関の内部基準への抵触並びに諸手数料の発生その他要因に基づき弁済金を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that I/we fail to receive cash for distribution due to unavailability of the designated currencies or transactions with the designated financial institutions, any conflict with Laws in or outside Japan or an internal standard of any relevant financial institution, various processing charges and fees, or any other causes, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with that, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(c) 諸手数料等を差し引いた金額の弁済金を受け取る場合であっても、当該諸手数料等に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that I/we have received payment from which various processing charges and fees have been deducted, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such processing charges and fees, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
18.フォークコインに係る再生債権の届出については、ビットコインに関する再生債権の届出をもって、届け出たビットコインの数に応じて、フォークコインに係る再生債権についても届け出たものとみなし、再生債権者は独自にフォークコインに係る再生債権を届け出ないこと。再生債権の届出があるとみなされるフォークコインは、通常の方法により売却可能であり、かつ、財産的価値のあるものに限られ、それ以外のフォークコインについては、再生債権の届出があるとは認められないこと。なお、ビットコインキャッシュは再生債権の届出があるとみなされるフォークコインに含まれること。 The filing of a proof of rehabilitation claim for a Fork Coin is deemed to have been made in proportion to the number of the filed Bitcoin for which the proof of rehabilitation claim has been filed, and the rehabilitation creditor cannot file its own proof of rehabilitation claim for a Fork Coin. Fork Coins that are deemed to have been filed are limited to those that can be sold in an ordinary manner and that have property value, and no other Fork Coin will be recognized as being deemed to have been filed. Bitcoin Cash is included in Fork Coins that are deemed to have been filed.
19.私/当社が再生管財人により認められた債権を契約により第三者に譲渡する場合には、当該譲渡契約の準拠法は日本法にするものとし、MTGOX及び再生管財人に当該譲渡を対抗するためには、日本法に基づく債権譲渡の対抗要件その他再生管財人が指定する要件を備えることが必要であること。再生管財人は、各国の法令等の定め及び債権譲渡契約で定められた準拠法の定めにかかわらず、日本法のみに基づき債権譲渡契約の有効性及び対抗要件具備の有無を判断すること。再生管財人が日本法に基づき債権譲渡契約の有効性及び対抗要件具備の有無を判断することに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 If I/we intend to transfer or assign any rehabilitation claim that was approved by the Rehabilitation Trustee to any third party pursuant to an agreement, the governing law for such agreement shall be Japanese law, and the perfection requirements in accordance with the relevant Japanese law and any other requirements specified by the Rehabilitation Trustee shall be fully satisfied to perfect such claim transfer or assignment against MTGOX and the Rehabilitation Trustee. The Rehabilitation Trustee will determine the validity of such claim transfer or assignment and perfection thereof pursuant only to Japanese law, irrespective of any statute in each country’s Laws and any governing law provided for in such agreement. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with the Rehabilitation Trustee determining the validity of such claim transfer or assignment and perfection thereof pursuant to Japanese law, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
20.再生管財人による債権譲渡の承認が、債権譲渡の承認に必要な手続(譲渡人及び譲受人の本人確認、譲渡を証明する文書の検証を含むが、これらに限られない。)その他の理由により遅滞した場合であっても、これに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that approval by the Rehabilitation Trustee of a claim transfer or assignment is delayed by the procedures necessary for approval of a claim transfer or assignment (including, but not limited to, identity check of the transferoassignor and transferee/assignee and verification of documents proving transfer or assignment) or any other reason, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such delay, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
21.ある再生債権を譲渡する場合、当該再生債権の全部を譲渡することとし、その一部のみを譲渡しないこと。 If a rehabilitation claim is transferred or assigned, all of such rehabilitation claim, not part thereof, shall be transferred or assigned.
22.ビットコイン等に係る再生債権を譲渡する場合には、対象となるビットコイン及び当該ビットコインから分岐したフォークコインを併せて譲渡するものとし、ビットコイン又はフォークコインに係る再生債権を個別に譲渡しないこと。 If a rehabilitation claim pertaining to Bitcoin, Etc. is transferred or assigned, the Bitcoin subject to such transfer or assignment and the Fork Coin split from such Bitcoin shall be transferred or assigned collectively, and a rehabilitation claim pertaining to Bitcoin or Fork Coin shall not be transferred or assigned individually.
23.情報の取扱いに関する同意事項 Matters of consent related to information management
(a) 再生管財人が、以下の情報(個人情報の保護に関する法律(平成15年法律第57号)第2条第1項により定義される個人情報その他識別された又は識別可能な自然人に関する一切の情報を含むが、これに限られない。以下同じ。)を収集すること。 The Rehabilitation Trustee may collect the information below (including, but not limited to, personal information defined under Article 2(1) of the Act on the Protection of Personal Information (Act No. 57 of 2003) and any other information relating to an identified or identifiable natural person; the same applies below)
i. 私/当社が再生管財人に提供する情報 information that I/we provided to the Rehabilitation Trustee;
ii. 私/当社以外の情報源(身元証明サービス機関を含むが、これに限られない。)から収集する私/当社の情報 information concerning me/us provided by an information source (including, but not limited to, organizations providing ID verification services) other than myself/ourselves;
iii. 本破産手続において、私/当社が本破産手続の破産管財人に提供した一切の情報 all information that I/we provided to the bankruptcy trustee of the Bankruptcy Proceedings;
iv. 私/当社が、MTGOXに提供した一切の情報 all information that I/we provided to MTGOX; and
v. その他再生管財人が適正な方法により取得し、又は今後取得する情報 any other information acquired, or to be acquired going forward, by the Rehabilitation Trustee using an appropriate method
(b) 再生管財人が、収集した上記(a)の情報を、以下の目的で日本国内外で管理及び利用すること。 The Rehabilitation Trustee may manage and use collected information stated in (a) above for the purposes below in and outside of Japan.
i. 再生債権の届出、調査、再生計画の立案、再生計画に基づく弁済その他の本民事再生手続の適切な遂行 filing proofs of rehabilitation claim, investigations of rehabilitation claims, drafting a rehabilitation plan, distribution in accordance with a rehabilitation plan, or any other appropriate execution of the Civil Rehabilitation Proceedings;
ii. 公益的な目的のためにする、日本国内外の行政官庁・捜査機関・司法機関への上記(a)の情報の開示又は提供 disclosing or providing information stated in (a) above to any government office, any investigation agency, or any judicial agency in or outside of Japan for the purpose of serving public interests; and
iii. その他上記目的に付随する目的 any other purposes incidental to the above purposes.
(c) 再生管財人が、上記(b)の目的のため、上記(a)の情報を、第三者(以下の者を含むが、これらに限られない。)に開示又は提供する場合があること。これらの第三者には、①米国、②カナダ、③イギリス、④私/当社が所在する国及び⑤私/当社が再生債権の弁済の受領のために利用する金融機関又は仮想通貨取引所が所在する国に、それぞれ所在する第三者が含まれること。 The Rehabilitation Trustee may disclose or provide information stated in (a) above for the purpose of (b) above to any third party (including, but not limited to, the persons below). The third parties hereunder include third parties located in (i) the United States of America, (ii) Canada, (iii) the United Kingdom, (iv) the country in which I am/we are located, and (v) the country in which the financial institution or cryptocurrency exchange that I/we use to receive payment for the rehabilitation claim is located.
東京地方裁判所その他裁判所(日本国外の裁判所を含む。)、本民事再生手続及び本破産手続(併せて以下「本民事再生手続等」という。)における調査委員(その代理及び補佐を含む。)その他の機関、日本国内外の行政官庁・捜査機関、管財人が本民事再生手続等の遂行のために依頼する法律事務所及びデロイトトーマツコンサルティング合同会社等の専門家、金融機関、仮想通貨取引所、他の再生債権者、Eメールサービスプロバイダー、及び詐欺行為検証サービスプロバイダー Tokyo District Court and other courts (including courts outside of Japan); the Examiner (chosa iin) (including deputy examiners and assistant examiners) and other officers or bodies in the Civil Rehabilitation Proceedings or the Bankruptcy Proceedings (collectively, the “Civil Rehabilitation Proceedings, Etc.”); government offices and investigation agencies in or outside of Japan; counsel and experts including the law firms and Deloitte Tohmatsu Consulting LLC. which the trustee has retained to proceed with the Civil Rehabilitation Proceedings, Etc.; financial institutions; cryptocurrency exchangers; other rehabilitation creditors; email service providers; and fraudulent act verification service providers
(d) 管財人は、本民事再生手続等に必要な限りで私/当社のブラウザ設定により影響されない特定の永続クッキーを使用する可能性があること。 The trustee might, to the extent necessary for the Civil Rehabilitation Proceedings, Etc., use a specific permanent cookies setting that will be unaffected by my/our browser setting.
24.私/当社の再生債権に関する事項が、オンライン上で他の再生債権者による閲覧の対象となり、また、東京地方裁判所において本民事再生手続の利害関係人の閲覧及び謄写の対象となる場合があること。 The information regarding my/our rehabilitation claim may be available online to other rehabilitation creditors, and may be subject to the inspection and copying thereof at the Tokyo District Court by an interested party in the Civil Rehabilitation Proceedings.
25.私が死亡した場合、本民事再生手続との関係では、再生管財人が、日本の法令等及び実務に従って、相続に関する各種関係資料の提出を求め、また、誰を再生債権者として取り扱うかについて判断すること、及び、当該判断に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私及び私の相続人はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 For the purpose of the Civil Rehabilitation Proceedings, in the event that I died, the Rehabilitation Trustee may, in accordance with the Laws and practices of Japan, request for relevant evidence and explanation on the inheritance and determine who to be treated as the rehabilitation creditor; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such determination, and I and my heir(s)/successor(s) will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
26.本同意事項は日本語を正文とすること。本同意事項につき作成される英語の翻訳文は参考にすぎず、日本語と英語との間で相互に内容の相違、矛盾がある場合であっても、日本語のみが効力を有すること。 The governing language of these terms of consent shall be the Japanese language. The English-language translation thereof is merely for reference purposes only; and notwithstanding any discrepancy or contradiction in details between the Japanese-language original and the English-language translation the Japanese-language original shall prevail.
27. 本民事再生手続等及びこれに関連又は付随して生じる一切の請求又は紛争は日本法に準拠し、東京地方裁判所を専属的合意管轄裁判所とすること。 The Civil Rehabilitation Proceedings, Etc. and all claims and disputes arising out of, in connection with, or incidental to, the Civil Rehabilitation Proceedings, Etc. are governed by Japanese law, and the Tokyo District Court shall have exclusive jurisdiction.
28. 再生管財人が、本同意事項を必要に応じ変更すること。但し、再生管財人が変更についてwww.mtgox.comにおいて告知したものに限る。 The Rehabilitation Trustee will, as necessary, amend these terms of consent. However, amendments are limited to those that the Rehabilitation Trustee has notified on the website www.mtgox.com.
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In this guide, we’ll learn everything there is to know about the Coinbase vs Kraken rivalry!
So, you’re on our way to becoming a crypto buff and you’re ready to get trading! But, where do you start?!
Cryptocurrencies aren’t like bread, eggs, and milk. We can’t go down to our local store to get them, and Amazon definitely isn’t sending them with next-day delivery! Instead, we need to go to an online cryptocurrency exchange.
Essentially, these exchanges help us swap our local currency into cryptocurrency. They also provide a platform for trading cryptocurrencies, selling them and storing them. But with so many options available, which should you choose?
Kraken and Coinbase are some of the largest and most reputable online currency exchanges. However, it’s also important to understand their differences.
Back in 2011, the founder of Kraken, Jesse Powell, was working at the largest cryptocurrency exchange of its time, Mt. Gox. There had just been two major hacks, and security was becoming difficult to manage. Bitcoins were going missing. If this continued, the future of crypto was bleak.
Jesse thought that he could do a better job. He knew he could create a secure cryptocurrency exchange which would help people trust in the system and bring crypto into the mainstream!
So, he created Kraken. He focussed on security when creating Kraken; hackers were never going to get past his security system. And so far, it has worked — Kraken has never been hacked.
Now, Kraken aims to be the exchange that offers the widest range of cryptocurrencies that you can buy using fiat currencies (USD, EUR, JPY, etc.).
After its public refusal, Kraken expressed an intentionto return service to New York residence pending the removal of what it perceived as unfair and counterproductive licensing.
Coinsetter, announced to clients in December 2015 that it would thenceforth impose a $65 fee to offset the cost of the very same BitLicense Kraken refused to afford.
In absorbing Coinsetter, and by extension Cavirtex, the following month, Kraken opened up its platform to residents of 37 other states, and to all Canadian residents.
Alongside this deal, Kraken announced partnerships with payment providers SynapsePay in the U.S. and Vogogo in Canada, in order to provide its newest clients with access to fiat deposits and withdrawals respectively.
One month later, Kraken announced the completion of its Series B round of investment lead by SBI Investment, a prominent Japanese venture capitalist firm under SBI Holdings. Following this investment round,
Kraken announced two major acquisitions that year: Dutch exchange CleverCoin, which was acquired in June, and Glidera, a wallet service allowing users to directly fund Glidera bank accounts with fiat for the purchase of cryptocurrencies on the Kraken exchange.
Kraken's reputation for security was challenged amidst 2016's buildout of partnerships and acquisitions.
Multiple claims emerged in the latter half of July via news media and social networks that clients’ accounts had been compromised and funds stolen.
As Kraken went silent reportedly for investigation, users threatened to alert and petition the FBI's Cyber Crimes Division for redress. Within a month,
Kraken presented clarification that ‘Kraken’ was never compromised; that is, after internal investigation, the
security team reached the conclusion that Kraken systems, servers, and databases were not accessed by malicious attackers due to any identifiable vulnerability for which they would be responsible.
The company attributed affected users’ missing funds to phishing and man-in-the-middle attacks, and stressed the importance of enabling
Kraken websites security features, such as two-factor authentication for withdrawals or the Global Settings Lock to restrict unfamiliar IP access.
In the aftermath of the hack that wasn't, Kraken asserted recognition of their continued responsibility to protect clients, and stressed equally so, the client's responsibility in protecting him- or herself.
submitted by WeirdAcanthocephala6 to u/WeirdAcanthocephala6 [link] [comments]

Happy Halloween! Audit Statuses of Canadian Cryptocurrency Exchanges

Halloween is a wonderful time of year!
Businesses and consumers alike dress up, children go door to door naively asking strangers for candy, and everyone parties celebrating things like death and evil.
In the spirit of Halloween storytelling, let me tell you a scary story.
There once was a Canadian cryptocurrency exchange. It had one of the simplest user interfaces, the CEO was well known in person and trusted throughout the country for over half a decade, and it had several deposit and withdrawal methods. It was the first to register as a money services business and for much of its history, it was one of the most legally compliant exchanges. It even looked to be headed for public listing on the TSX. The exchange operated for 6 years, assuring users that all funds “are stored in cold storage, using some of the most secure cryptographic procedures possible.” Unfortunately, while we celebrate Halloween by dressing up and wearing masks once a year, the wonderful people who brought us this exchange played “dress up” for over half a decade and time will only tell if there are any more “masks” to come off in this story.
There’s no better or more fitting time to explore one of the darkest realities of the Canadian cryptocurrency space - exactly what is backing any of the cryptocurrency on Canadian exchanges. It’s easy to lose sight that there are real people behind these funds. Most people spend most waking hours working for their money. It literally is their lives. Impacts to victims are not just financial, but psychological and social as well. Victims of exchange fraud go through depression, anxiety, and trauma. They lose their trust and faith in humanity. They withdraw from friends and family in shame and humility.
In the spirit of exploring dark and evil things, let’s examine exactly what evidence there is that any of your crypto is backed on any Canadian exchange. This is a continuation of research I’ve been working on since May/June. I hope it will be enlightening and help you better protect your funds that you worked hard for.

I’ve done a detailed analysis of all Canadian exchanges I could find that handle any sort of custody of funds, and grouped them into 3 categories:

Non-Audited Exchanges (“trust us, we haven't spent your money, we promise")

Bitvo - The service “utilizes a proprietary cold storage solution”. Proprietary, as in, definitely better than established non-proprietary solutions. If you can’t withdraw, they “will credit your account for [their] withdrawal fee”. They’re not an MSB that I could find, nor are they audited.
Coinfield - MSB. No audit. Luckily it’s the "most secure trading platform in Canada" - though apparently not the other 150+ countries, including Estonia where they’re based. No matter which country you pick, the “Security” page still says "most secure trading platform in Canada".
Coinsmart - MSB. Not sure what "[i]ndustry leading cold storage" is, but luckily they’re so "accountable to [their] clients, community and to each other" and "committed to being open and honest" that they don’t need any audit.
Coinut - MSB. Also "the most secure cryptocurrency exchange platform". In addition to not using multi-sig and "not us[ing] USB drives, as the online computer may be infected with virus", they also don’t use audits.
Einstein - You can get “your money deposited and withdrawn faster than any other exchange”. As one customer said "With so many hacks and exit scams, it gives me confidence knowing Einstein is backed by hard-working people just like me." Just check the user experience on their subreddit from their "220,000+ satisfied customers".
EZ-BTC - As they said, “All your coins are kept in cold storage. They’re safe.” They have “strong security”. The supposed presence of physical ATMs was one of the strategies to build customer confidence and they promised 9% annual return on stored funds.
NDAX - MSB. Luckily also “Canada’s most secure trading platform” with "fast withdrawals". I couldn’t find any audit but at least there’s a full page risk disclosure and disclaimer. You can sleep peacefully knowing that they’re legally protected.
Netcoins - MSB. The best assurance I could find of solvency is that they “can process large transactions”. Although they don’t waste time with audits or links at the bottom of their website, apparently “[a]ll transactions happen quickly and securely” “within the same day”.
Newton - MSB. “No-fees”! Your funds are stored in the "professional custody" of Balance, which doesn’t appear to be a registered MSB. I couldn't find any audit of the funds but they "audit [their] policies and controls". They "publish the reports", but I couldn't find any reports. Simply storing funds somewhere else doesn’t give any assurance they cover customer balances.
QuadrigaCX - Operated since 2013, with “vast cryptocurrency reserves” right up to the end. "Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of the most secure cryptographic procedures possible." Their "cryptographic" procedures are so secure that nobody can access any funds, even now!
Shakepay - MSB. Many will trust the raccoon mascot promising “commission-free” trading. No audit found but the “majority of all digital assets on Shakepay are stored securely offline”. Whatever this means, it’s good to know that up to half might not be.

Audited Exchanges ("so and so swears we didn't spend your money, you can trust them, we showed them once before")

Bitbuy - MSB
Coinberry - MSB
Coinsquare - MSB
Kraken - Not a registered MSB in Canada (that I could find)

Proof of Reserves ("here's your money, right here right now on the blockchain, and here's a proof that we included your balance in that total")

Rather than depend on outdated audits (or lack thereof), it’s actually possible to use the blockchain and cryptography to enable a public real-time audit. This can give assurance to every customer that their balances are fully backed. Giving everyone the ability to check the integrity of balances will keep us all safer. It immediately exposes any fraud, and in most major hacking cases there was advanced hacking that went unnoticed ranging from months (Bitgrail), or years (Mt. Gox). Having an aware public reduces the number of people trading on fraudulent exchanges, and can pressure the exchange to shut down trading or resolve the hack faster, so less funds are permanently lost.
To help explain exactly what this is and how it works, I’ve started a detailed tutorial. I did not come up with this algorithm - it was created in 2014 by a guy named Gregory Maxwell. Sometimes cryptography can be hard to understand. Hopefully this tutorial is simple:

< < Take Our Proof of Reserves Tutorial > >


Given what can often be at stake, I had hoped that maybe one of the “audited” exchanges might embrace Proof of Reserves. Sadly I haven’t had any such luck.
Bitbuy:
Coinberry:
Kraken:
As such, the bottom line is that present exchanges don’t want to share public keys and offer the kind of transparency which is necessary to enable customers to know their funds are backed. Attempting to get answers doesn’t reveal them, and I’m left with an unnerving silence not unlike the end of Halloween night, like I’m asking questions nobody should ask.

Having spent the last 8 months of my life watching and being part of a large group of people suffer through a grueling bankruptcy, where we’ll be “lucky” to only lose 90% of our funds, I want this fixed. I don’t want to live in a reality where fraud can happen just buying/selling on the largest and most trusted exchanges. Especially now that I’ve learned blockchain provides the capability for even greater transparency and a level of public audit far beyond even what's possible with fiat.
If you feel the same way, I invite you to join Quadriga Initiative, where we are fighting for a Proof of Reserves future and also enabling businesses to help Quadriga victims with an innovative token recovery project. Every sign-up helps us reach our goal and launch the project!

If any information in this post is incorrect, please let me know so I can fix it! Thanks! I’m happy to update the audit status of any exchange given reasonable evidence, or provide a review of any other custodial exchange I might have missed.
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

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