EOS Hacks: EOS Gambling Platforms Taken Advantage Of! $250,000 Stolen

Two EOS gambling platforms have been hacked in the last week. An amount totaling $250,000 USD. In the same week, another platform, EOSBet, paid out $600,000 to one user in a claimed ‘jack-pot,’ though some aren’t so sure. What’s going on? What’s with the EOS hacks? EOS Hacks The EOS smart contracts appear to be rather fallible. The first of the EOS hacks happened on DEOSGames. A user named Runningsnail kept winning $1,000 payments over and over again. Over a dozen times actually. Runningsnail would deposit 10 EOS and then win the jackpot 30…

Nasdaq to Acquire Cinnober: Is the Stock-Exchange Preparing for Cryptocurrency?

Nasdaq announced Friday that it is in the midst of acquiring Swedish trading solutions provider Cinnober. So why is it important for crypto-enthusiasts that Nasdaq acquiring Cinnober might happen? Well, Nasdaq is Nasdaq—the second-largest stock exchange in the world, but Cinnober is known for its acceptance of digital assets and its involvement in helping institutions to invest in them. So you can see the potential excitement here if Nasdaq is taking over this company. Is Nasdaq preparing for crypto-trading on its exchange? Is Nasdaq Acquiring Cinnober? The anticipation across the…

Ethereum (ETH) Dead? ETH Record Broken Following Sharp Rise this Week

Mainstream media has recently been sparking the question, “is Ethereum (ETH) dead?” Most journalists running these stories were referring to Ether or ETH, the digital token that runs on the Ethereum network. Ethereum (ETH) Dead? The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the market, however, was also dropping at the time. Despite its downturn, Ethereum has held strong as the second-largest cryptocurrency by its total market cap. Ripple (XRP), the third-largest cryptocurrency, is around $10 billion behind ETH.…

Ripple has Many Ongoing Lawsuits, but This One Just Got Settled

There are so many ongoing Ripple lawsuits that you have to count them with both hands. Sure, it’s unfortunate, but it keeps Ripple in the public eye, providing the masses with constant XRP news; this isn’t the case for many altcoins as Bitcoin (BTC) often hogs all the attention and altcoins get left behind. Recently, however, the company has scored small victories, such as on August 14th, the day a Judge denied one of the suits. The latest victory came this week. Ripple Lawsuits: XRP vs. R3 Last year, a lawsuit…

Ethereum (ETH), Litecoin (LTC), and Monero (XMR) Rise from the Ashes

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning. Recently, the market hit its year-low, and many of the coins reached their yearly lows as well. Let’s take a closer look at these three coins and their latest developments. Ethereum (ETH) Ethereum, the second-largest cryptocurrency by its total market cap, hit its year-low this week, sinking below $180. ETH hadn’t been under the $180 price point since late…

OKEx Founder Released from Custody and Denies Fraud

Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period. According to local news reports, Xu has been released and isn’t pleased. OKEx Founder Strikes Back “I have no fictional facts, concealing the truth and defrauding anything, and there is no fact of ‘fraud.’ After I explained it to the police, I left the police station normally,” Xu told the local news outlet, Honeycomb Finance. Xu…

Huobi Global Buys Large Chunk of BitTrade

In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and operates Huobi, the third largest cryptocurrency exchange by daily trade volume. Huobi Global Buys BitTrade Huobi will partner with BitTrade, one of the only 16 regulated and Japanese government-approved crypto currency trading platforms.https://t.co/7dBwXX5Yag@bittrade_info #Huobi #HuobiGlobal — Huobi Global (@HuobiGlobal) September 12, 2018 BitTrade is one one of only 16 Japanese-government approved and regulated cryptocurrency trading platforms. Huobi currently serves millions of…

Are Stablecoins Viable? One Berkeley Professor Says No

Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated stablecoin. Not to mention Carbon launched CarbonUSD, a US dollar backed stablecoin, today. And yet, despite the crypto market displaying optimism around the latest trend in the industry, one Berkeley Professor provided an alternative view. He said there is no indication that stablecoins are viable. Berkeley Professor Talks Stablecoins Stablecoins are cryptocurrencies pegged to a stable asset. That’s as simple as…

Carbon Launches CarbonUSD: US Dollar Backed Stablecoin

Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two competitor stablecoins, the Gemini dollar and Paxos Standard. What’s all the fuss about stablecoins? Stablecoins Stablecoins have become a more popular crypto release of recent months. Designed to bring stability to such a volatile market, the idea behind them…

New Security Tokens Trading Platform – Binance & Malta Stock Exchange Sign MOU

The subsidiary of the Malta Stock Exchange, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance. The pair will launch a new Security Tokens Trading Platform. According to a press release from today, the new trading platform will benefit from the two bodies in two ways:  – From the Malta Stock Exchange’s “26-year track record of operating as a regulated stock exchange,”   – From the international reach of Binance’s business model. Security Tokens Trading Platform And it’s precisely this business model which makes Binance the biggest crypto exchange in the world.…