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Exchange Bitfinex is suspected of fictitious trade

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The BitCrypto'ed blog claims that the Bitfinex Exchange is engaged in a fictional trade (wash trading). The blog article, consisting of two parts, reports on the alleged illegal activities of the exchange. In the first part, the author explains how the process takes place and why it is profitable for the exchange, and in the second - what could push Bitfinex to carry out such operations.

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How the distributed technologies and the blockchain systems change the game industry

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The industry of video games is experiencing rapid growth, and the popularity of online broadcasts of major e-sports tournaments attracts an audience comparable in size to the audience of traditional sports events. Moreover, this phenomenon already claims for official recognition from far from virtual sports associations and committees: for example, the International Olympic Committee allows the holding of the first ever Olympic video game tournament in 2024. About 58 million people around the world call themselves professional gamers. The total profit of platforms that allow organizing cyber-tournaments is approaching $ 1 billion, and, according to some estimates, in just a few years it will gain another billion. This popularity of video games has led to the emergence of several related industries, one of which is the sale and purchase of virtual items, such as skins and weapons. If skins serve mainly to amuse the player's pride, then weapons often play a decisive role in virtual battles. Nevertheless, skins, which have no practical value even in the virtual world, are sold for quite real money. Some of them, considered rare, go to new owners for 15 thousand dollars.

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Scammers prepare for the launch of Bitcoin Gold's blockchain and wallet November 1

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On the eve of the launch of Bitcoin Gold fork, which is tentatively scheduled for November 1, a list of fraudulent websites, wallets and accounts in social networks was published on the site of the project developers. If you plan to receive Bitcoin Gold coins, be careful when obtaining coins and do not transfer data to access your wallet to third parties, especially if you did not take precautions and no longer transferred the real bitcoins to another purse.

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Where the Chinese Cryptobarons Leave

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Chinese exchanges and operators of crypto-currency wallets, disappointed with the opportunity to continue working in their country, are in search of new opportunities and partners in neighboring Asian countries. Many translate their crypto-currency business in whole or in parts. For example, an application for licensing is submitted to Japan, and offices are located in Singapore and South Korea. The largest players who once dominated the world's crypto currency market, are forced to seek refuge in neighboring countries. At least 19 companies have applied for licenses in Japan.

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US Treasury Officials for more detailed study of the blockchain

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One of the government officials involved in the study of distributed registry technology, initiated by the US Treasury, insists on a deeper testing of the blockchain technology. In an article published this week in the Journal of Federal Financial Management, Craig Fischer, the head of the project group for the management of financial innovation and transformation (FIT) of the Treasury Department of the Ministry of Finance, proposed to investigate in more detail the technology of the distributed registry. He noted that the possibilities of its application will help improve the exchange of data and information.

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Cryptocurrency avalanche: why the ICO market is growing so fast

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The Initial Coin Offering (ICO) market is new and relatively small. In 2016, the world spent an ICO of $ 103 million, if you do not take into account the hacked and canceled ICO project The DAO. In the same year, the world market of venture investments amounted to $ 127 billion. Meanwhile, according to the portal CoinDesk, for the first half of 2017, ICO was held in the world for $ 1.13 billion, of which $ 797 million was in the second quarter. The results of the second half of the year promise to be even more impressive.

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Botnets - a threat to the future of the Internet of things

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If you follow the news from the technology world, you've obviously heard many times about the Internet of things (Internet of Things or IoT). With the proliferation of smart home devices - from lighting devices to thermostats and cameras, and the use of other smart solutions in enterprises, the spread of IoT and the problems associated with it, it's becoming increasingly difficult to ignore. When you think about DDoS-attacks, then computers and servers infected with malicious programs and viruses that are controlled by a secret and anonymous server come to mind. However, the largest botnets and associated DDoS attacks that appear recently do not always spread through infected computers, servers or smartphones. Hackers found that it is much easier to compromise a vulnerable IoT device than to try to force a user to click on a malicious link or download an infected file.

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The DASH team launched an advertisement on television in the US

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News about crypto-currencies more and more often flash before your eyes in the network already and on those resources that are not devoted directly to financial technologies or business. Of course, this is to be expected from the leading Internet publications, the purpose of which is to find any novelties in IT. However, what happens in more traditional media channels? As it turned out, not everything is so sad. In early October this year, a Twitter user with the nickname CryptoRick posted a tweet in which he said that he saw a commercial for Dash crypto cash in a United Airlines airplane. This information is confirmed by other users who were on this flight.

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The complexity of Bitcoin mining jumped by 21.4% for the first time in two years

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Users of the social network Reddit discuss the recent jump in complexity in the Bitcoin network. The last major change raised the complexity by 250 billion units, or by 21.4% from a value of 1,196,792,694,099 to 1,452,839,779 146. The last time such a major leap took place in 2015. In order for the reader to better understand the scale of this change, we recall that it took almost 7 years for the complexity to rise from 1 to 250 billion. The reason for such a drastic change could only be the introduction of new large-scale mining equipment in the last two or three weeks, and the consequence was a natural growth of the network hash from 8.56 to 10.4 E / s (ex-session per second).

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The Superior Court of Quebec began the process against the organizer ICO Plexcoin

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The Supreme Court of Canadian Quebec accuses the organizer of ICO PlexCoin and the head of DL Innov inc, Dominic Lecroix, in disobeying the regulator - it repeatedly ordered to stop investing money from investors on PlexCoin (the Altocum on the basis of the Etherium). In July, the Commission for the Supervision of the Financial Market of France (AMF) issued regulations prohibiting companies Lecruix and some other projects that are associated with it, to engage in "any form of investment", as well as close all sites related to PlexCoin, and withdraw all advertising .

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