News: Mt. Gox recovers, Bitcoin crashes, Bitfinex/Tether, Kaminska to Parliament, Hydro-Québec, TRON, EOS, Nano insecure keys

News: Mt. Gox recovers, Bitcoin crashes, Bitfinex/Tether, Kaminska to Parliament, Hydro-Québec, TRON, EOS, Nano insecure keys

  • Bitcoin dipped below $6000 on GDAX and Bitfinex a couple of hours ago. Cheap coins!

 

 

  • The 2017 Bitcoin price rise has done its work — Mt. Gox is out of bankruptcy, as its assets have reached 100% of value owed to creditors. It has now entered a process of civil rehabilitation, which allows a bankrupt company in Japan to force changes to the terms of a debt. Instead of the trustee selling the bitcoins, their value — or the coins themselves — may be distributed to creditors. This is likely to take place next year. Creditors may even also get their equivalent Bitcoin Cash. Here’s to Mark continuing to do nothing wrong.

 

 

  • I posted it a month ago, and it’s just been confirmed — Phil Potter has left Bitfinex. “As Bitfinex pivots away from the U.S., I felt that, as a U.S. person, it was time for me to rethink my position as a member of the executive team.”

 

 

  • Izabella Kaminska from Financial Times FT Alphaville — which everyone reading this blog should sign up for, it’s free with login — testified to the UK Treasury Inquiry into Digital Currencies on Wednesday. The other witnesses were Marco Santori (Blockchain), Obi Nwosu (Coinfloor) and Iqbal Gandham (eToro) — and it was the savage and unrelenting one-on-three beatdown you’d have hoped for. She’s been off for a year on maternity leave, but when your patriotic duty to no-coin calls …
  • Hydro-Québec triples prices for new crypto miner contracts. “We just received too many requests. We have been contacted by over 300 companies who want a total of over 15 000 MW, way more than what we could accommodate. We need a legal framework to select which projects can go through. The $0.15/kWh is temporary until we get that framework.” They’ve posted their proposed framework, which is about economic benefit to Québec.
  • Posting on Reddit doesn’t seem to do the job any more — aggrieved Coinbase customers are now complaining directly to the SEC.
  • eSports may not be a great use case for ICO tokens either — some gamers are less than delighted to be paid in unstable cryptos.

 

 

  • TRON’s purchase of BitTorrent, Inc. goes through for $140m. This may be how crypto can be just like the dot-com bubble — companies who don’t know what to spend an ICO windfall on buying real companies. Blowing it on advertising during the World Cup is much more fun and with a lot less potential for damage.
  • EOS is so decentralised that the EOSIO Core Arbitration Forum (ECAF) just ordered that 7 addresses should be blocked. “The logic and reasoning for this order will be posted at a later date.” Meanwhile, the EOS ICO cashout proceeds apace.

 

 

  • The Financial Times ran an article on “Bitcoin birthday boy” Calvin Ayre, and somehow failed to mention his greatest claim to fame in the Bitcoin sphere — as backer for Craig S. Wright’s initial claims to be Satoshi Nakamoto, as recounted in chapter 6 of the book, and for his continuing adventures at nChain and as a leading advocate for Bitcoin Cash.

 

 

  • David S. H. Rosenthal on why all distributed file storage cryptocurrency schemes will eventually become less efficient front-ends to Amazon S3.
  • The book is discounted on Kindle Canada for June — only CDN$4.49! Hurry, hurry!

 

 

 

 

 

 

 

 



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