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In this issue of The Daily, we discuss a Riot Blockchain-regulated US exchange of cryptocurrency, the arrest of a Japanese hacker who allegedly stole 15 million yen of monacoins and two new investors from Coinflex.
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Details Riotx Exchange
Riot Blockchain, Inc. (NASDAQ: RIOT) has filed a file with the Securities and Exchange Commission (SEC) regarding its US-based digital exchange project, Riotx. The document indicates that the company intends to launch exchange trades with bitcoin core (BTC), bitcoin cash (BCH), litecoins (LTC) and etheric (ETH), matched with each other as well as in US dollars. Riot Blockchain explained that these parts were selected on the basis of internal and external examinations and that they would only concern those currencies for which it would have full legal and regulatory authorization.
The next exchange will involve three basic services and Riot intends to acquire each of these services using third-party providers. Banking services will be provided by Synapse Financial Technologies, Inc. (Synapsefi); a trading engine will be provided by Shift Markets; and a digital wallet service provider has not been announced yet. The company plans to launch its Riotx digital currency exchange by the end of the second quarter of 2019.
Prior to October 2017, Riot was a biotech company known as Bioptix, Inc., specializing in the development of veterinary diagnostic tools. On October 4, 2017, Bioptix announced that she was changing her name to Riot Blockchain and that she was focusing on blockchain technologies. In February 2018, he was the victim of a clbad action in the South Florida District related to the move.
Monacoin Hacker stopped
According to Japanese media reports, police reportedly arrested an 18-year-old man who allegedly stole a total of 15 million yen (about $ 134.5K) of monacoin. The young hacker is accused of committing fraud using computers, among other things. He would have exploited the vulnerabilities of an online wallet called Monappy to steal funds from about 7,700 people. Mona is a cryptocurrency based on a popular Japanese chat meme that was created as a litecoin fork.
According to the Japanese police, it is the first time that a hacker is exposed in the country. This despite the fact that he used Tor to hide his identity online and stored the stolen coins in an anonymous exchange abroad. The police claim to have identified it by badyzing the transactions records of the chain of channels.
New Coinflex investors
Coinflex, a physically delivered crypto futures exchange, has announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain Capital to its investor lineup. Olaf Carson-Wee, CEO of Polychain, commented: "As a physically regulated futures exchange, Coinflex will be well positioned to capture a large flow of orders from speculators, institutional traders and miners from Proof of Work seeking to protect against the volatility of encrypted prices and the hash rate. volatility."
The stock market has also announced the creation of its own token, called flex coin, to encourage liquidity and reward members who trade on the platform. This is a practice that has spread among the stock exchanges, with the seventh largest cryptographic badet in the world by market capitalization today – the Binance Coin – one of those tokens of 39; exchange.
Headquartered in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is part of a consortium comprised of Trading Technologies International Inc., cryptographic marketer Mike Komaransky and Dragonfly Capital Partners. The B2C2 market brands, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and its subsidiaries also have a partial stake in Coinflex.
What do you think of today's treat? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Check and track the bitcoin cash transactions on our BCH Block Explorer, the best of its kind in the world. Also track your holdings, BCH and other coins, on our market charts at Satoshi's Pulse, another original and free service from Bitcoin.com.
Avi Mizrahi
Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He spoke about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong Kong. Kong.
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