• Business - Headlines

    Exchange OKCoin Failing to launch Bitcoin Cash led to lawsuit filling by Trader

    A Chinese bitcoin investor sued OKCoin, a local cryptocurrency exchange for not letting him get Bitcoin Cash post-Bitcoin Fork, according to the local news agency, Weekly Cool. This should be the first legal action in China in which bitcoin’s last year’s fork was involved. Investors, under the pseudonym Feng Bin sued OKCoin, accusing the exchange for barring him from receiving 38,748 BCH, which was due he had to get along the hard fork in August 2017. Feng Bin process said that he tried to sell Bitcoin Cash when the digital currency reached a record level to $4,000 in December 2017.…

  • Business - Headlines

    Researchers Say That Telegram Tech Used In ICO Is Defenseless To Attack

    With $1.7 Billion in the bank following its ICO (initial coin offering), Telegram has rolled out its first crypto-friendly functionality. But security scientists are doubtful. As stated in a blog post, a US-located startup, Virgil Security, has verified various weaknesses in Passport, the new identity verification app. While the firm praised Telegram for posting the API of the application as open source, Virgil Security detailed 2 issues with the app: how it protects amassed data and how it encrypts data. The API allows the code to be verified by other experts. “Their promise to openness offers security practitioners the chance…

  • Business - Headlines

    LevelTradingField To Roll Out Crypto Derivatives Exchange

    LevelTradingField, the interactive financial markets technology service, is rolling out a cryptocurrency derivatives exchange employing the ethereum blockchain. Named as CADE, the service is set to go live from September 2018. It will list ERC-20 tokens that track ether, bitcoin, bitcoin cash, litecoin, monero, and ripple. The tracking will be done on a rolling basis, as per a media report published last week. These tokens will permit traders to harvest the economic advantages of crypto investment without essentially owning any of the digital products. All CADE’s derivative tokens are to be price-tagged in LUSD, a stablecoin guaranteed by the firm…