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Tuesday, January 8, 2019
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Coinbase suspends all Ethereum Classic transactions following an attack that enabled ~$1.56M in the cryptocurrency to be spent twice; multiple sources say a 51-percent attack, which requires control of more than half of a network's mining hashrate, reorganized more than 100 blocks to alter blockchain history; the reorgs were first noticed by Bitcoin advocate Pierre Rochard, as there was a delay of 1 day till Ethereum Classic fans were aware of the attack; Ethereum Classic advisor Cody Burns referred to the hack as a selfish mining attack rather than a 51-percent attack - Link


China-based Canaan, one of the biggest manufacturers of bitcoin mining chips and devices, is reportedly considering an initial public offering (IPO) in the U.S.: Bloomberg; this comes after the firm's Hong Kong Stock Exchange (HKEX) application had lapsed in November; the firm has set to raise $1B in the HKEX IPO; major mining firms Bitmain and Ebang also filed IPO applications with the HKEX in September and June of last year, respectively; nothing has been approved to date - Link


The Ethereum Foundation has announced a $5M grant to United Kingdom-based company Parity Technologies; the funds will be used on Parity’s work on Casper, sharding, light clients, developer tools, QA, audits and infrastructure improvements; Parity has developed the second most popular Ethereum client, Parity, second to Geth - Link


Japanese GMO has disclosed documents revealing a steady increase in its monthly Bitcoin mining rewards; eventhough overall revenue from mining has tanked, the firm’s Bitcoin mining reward has consistently increased over time; in Q4 2018, GMO’s consolidated losses totaled ¥35.5B ($320M), with its unconsolidated loss tallying at around ¥38B ($334.5M) - Link


Swiss-based Bank for International Settlements, has revealed in a report that 70% of central banks are delved into research on central bank digital currency (CBDC); BIS’ survey studied 63 central banks worldwide, 41 of which are based in emerging market economies (EMEs), and 22 of which are in advanced economies — together representing almost 80% of the world’s population and more than 90% of its economic output - Link


Google Play Store forces privacy-enhanced mobile BTC wallet Samurai to remove 'Stealth Mode', 'SMS Commands', and 'SIM Switch Defense features'; despite the features having a proven record for safer transaction; as Samurai indicated “removing such functionality would cause users who rely on those features to be less secure and more exposed”  - Link


'Zero-fee' cryptocurrency and stocks trading firm Robinhood is stealthily recruiting for a new London office: TechCrunch reports; TechCrunch has indicated that this might be a preemptive move before launching its services in the UK; Robinhood declined to comment on its U.K. plans - Link


French hardware wallet startup, Ledger, has revealed its new, Bluetooth-enabled Nano X device Sunday at the annual Consumer Electronics Show (CES); the added Bluetooth means that the Nano X can readily be used with mobile devices, which has been a pain point for many users of the company’s current wallet, the Ledger S; the Ledger Live mobile app will be available on Google Play and iTunes on Jan. 16 - Link


Crypto exchange Kraken has received 475 law enforcement inquiries in 2018, up nearly three times from the 160 received in 2017; of the 2018 inquiries 315 came from U.S. based agencies including Homeland Security Investigations (HSI), the Federal Beaurau of Investigations (FBI), and the Drug Enforcement Agency (DEA) - Link


A report on Blocklchain from McKinsey has revealed that 100 use cases for the infant technology that has yet to launch; the report shows that the vast majority of pilots and proofs of concepts are still stuck in “pioneering mode” or are being shut down while many projects have failed to raise Series C funding rounds - Link


Image result for books icon What you might want to read 

The Dark Side of the Chain: How twisted can things get when an anonymous piece of code harms people but can’t be stopped? Two cinematic masterpieces offer us devastating answers and lots of food for thought: Dr. Strangelove (1965), and Black Mirror S03 E03 (2016) - hackernoon


The Failure of Crypto Tribalism: Crypto has an ethics problem and it’s making a mockery of decentralization; crypto tribalism created a sub-culture that of people who think the internet is “real”, think Bitcoin has real value outside of being a speculative software based asset, and believe just because you call something decentralized, even when its governance is not, nor its digital asset holder structure - Link
Related imageInteresting Podcasts
Unchained: Eric Larcheveque, co-founder and CEO of Ledger, and Demetrios Skalkotos, global head of Ledger Vault, describe the company's three main offerings: its hardware wallets, the new software-as-a-service product for institutions, and an Internet of Things offering for transactions involving physical assets - Listen
What Bitcoin Did Podcast: Tuur Demeester talks about his recent Tweetstorm breaking down why he is so against Ethereum; the culture of the developer community, reckless approaches to security, risks for investors and the challenges Ethereum faces with scaling and moving to proof of stake - Listen
Unconfirmed: Arjun Balaji on the Ways Bitcoin Will Improve in 2019; Arjun Balaji is the founder and managing partner at Shomei Capital, explains why doesn't worry too much about potential bugs in the code such as there was last fall, why we'll see improved scalability, privacy - Listen
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