• Crypto hackers often walk around wearing hoodies and holding useless tokens of fake bitcoin around just in case they get photographed (via Pixabay).
    Cryptocurrencies,  Technology

    MIT’s Stuart Madnick says blockchain’s biggest strengths can also be weaknesses

    Poloniex exchange lenders lost $14.4 million to flash crash decentralization made possible

    An MIT professor’s June 6 warning about some of blockchain’s vulnerabilities came too late for margin lenders on U.S. cryptocurrency exchange Poloniex, who lost nearly $14.4 million in bitcoin to a flash crash early last week.

  • Skeleton Bitcoin
    Bitcoin,  Cryptocurrencies

    Coinbase CEO speculates on QuandrigaCX management coverup

    Analysis points to possible trouble long before the CEO’s death

    As the QuadrigaCX saga continues to play out, Coinbase CEO Brian Armstrong has jumped into the fray. The chief executive at the largest U.S. exchange suspects that management at its largest Canadian competitor is using its founder’s death to cover up what could be a massive fraud.

  • newspaper
    Asia & Australia,  Bitcoin,  Ethereum,  Media,  Politics

    Must-reads for September 5, 2018: Goldman backs off crypto trading, Iran welcomes mining while Washington not so much, and more!

    Here are the crypto stories you should be watching today

    Goldman Sachs is ditching near-term plans to open a bitcoin trading desk, instead focusing on a key business for driving Wall Street investment in crypto (Business Insider) If you’re wondering why cryptos took a hit Wednesday, this is it. Remember all the hype about Goldman Sachs trading Bitcoin from HODL Bros and your brother’s friend who just seems a little off? You know what I’m talking about. “Goldman’s going to be trading it, bro! It’s going to the moon!” Yeah, well, it doesn’t look like that’s going to happen any time soon. “The bank is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future, according to…

  • Cryptocurrencies,  Europe,  Innovators,  People,  Regulation

    Sweden is edging toward issuing a national cryptocurrency

    The Scandinavian nation may take its love for electronic money one step further

    One of the first European countries to print paper money may also be first to phase it out. According to an HSBC analyst report, Sweden is the next nation to emerge as straight-up pro-cryptocurrency. Cash is dying there, with most Swedish residents perpetuating the well-established culture of paying for things via card or app. In 2015, bills and coins represented just 2% of Sweden’s economy. In 2016, the country’s central bank, Sveriges Riksbank, announced it was investigating issuing a formal Swedish cryptocurrency called the e-krona. A lot of pieces fit in the hypothetical jigsaw puzzle of Sweden-as-cryptocurrency-haven. The Swedish population already has a lot of experience with financial technology, thanks…