Bitcoin

Result of the BitMex pause

By: on August 23rd, 2018

BitMex announcing its temporary pause on the trading has led to a widespread effect on the virtual market and many of the investors and traders are happy seeing this change because the next decision of SEC may not be in its favor.

Altcoin News

Most governments are against the digital currency technology

By: on August 23rd, 2018

Experts told the local newspaper that, volatility in the cryptocurrency market can be attributed to factors like the digital currency has no intrinsic value as they do not sell a product nor return dividends. Most governments are against the technology and most investors are in it for the short term. Removing the financial advisors and retail brokers, most of the investors in digital currency are young and have no experience in this field, and reportedly operate with a herd mentality, which greatly influences the market.

Bitcoin

Bitcoin Cash it is still the fourth largest cryptocurrency

By: on August 22nd, 2018

According to data from the local newspaper it was seen that even with the recent downfall of Bitcoin Cash it is still the fourth largest cryptocurrency, with a market capitalization of over $9 billion. During the press time, Bitcoin Cash was down almost 9% and it was trading around $522.

Altcoin News

Shailesh Bhatt too had invested in BitConnect and lost money

By: on August 21st, 2018

Shailesh Bhatt too had invested in BitConnect but lost money when Kumbhani and others wound up the firm. Shailesh Bhatt and his co-workers kidnapped Kumbhani companies employees and forced them to transfer over 2,400 Bitcoins into Bhatt’s digital wallet account, the CID alleged. By the information came out, Kumbhani and other BitConnect promoters came in the eyes of CID. After this in the month of January Kumbhani and other promoters suddenly became untraceable by closing the exchange and the investors lost their money as they were not able to encash or trade with that token or coin.

Bitcoin

Entrepreneurs glad with cryptocurrency

By: on August 20th, 2018

So, the digital market is the way in which the entrepreneurs can grow faster, more efficiently and thus this market is promoting all the start-ups to go into the cryptocurrency world. It shows a viable way for the entrepreneurs to create value in this world.

Altcoin News

Blockchain redefined with BitNational

By: on August 20th, 2018

Another unique feature of BitNational is the BNL Token which makes instant transactions possible on the Crypto Exchange Network. This includes online exchange which could process about 1 million transactions every second. The ERC 20 token would run natively on Ethereum blockchain and would act as a base trading pair along with BTC and ETH. By using the BNL trading pairs, traders who would be transacting on the BitNational platform will be given a 50% discount on the fees.

Altcoin News

Cryptocurrency theft is not new but gathering public awareness

By: on August 20th, 2018

The issue of cryptocurrency theft, though not new, is gathering much public awareness. In February 2017, customers of South Korean crypto exchange lost about $1 million in bitcoins to hackers. Later that same year in 2017, ICOs Veritaseum lost about $7 million and CoinDash reportedly lost and $8 million worth of cryptocurrencies to cybercriminals.

Press Release

ACChain Statement

By: on August 19th, 2018

It has come to our attention that a series of articles and forums are reporting factually incorrect and misleading information with regard to the current status and progress of ACChain.

ACChain held an ICO in June 2017 raising money from institutional investors. Since then the ACChain ecosystem and business has undergone considerable change and transformation but remains fully committed to growing the business, delivering on its strategy and international expansion.

From January 2018 the business started formally restructuring which involved a new strategic direction and the standing down of senior members and a change of contracts for technical suppliers and teams. Part of this strategy was to bring in a robust platform for a community management infrastructure to solidify a decentralised organisation. Work on defining the strategy for global expansion started in January 2018.

However, following the restructure of the business, ACChain was working with a reduced team when a cyber-attack took place in April 2018.

Genevieve Leveille was brought into the business to lead on the global development strategy but started working formally with the business after the cyberattack. Genevieve immediately took over resolving the cyber-attack and strengthening the systems before moving into the strategic development role. Genevieve resolved the immediate issue and remedied the security breach by engaging the leading Cyber security company, Entersoft Security, to help recover the stolen ACC and to strengthen all technical systems. Direct reimbursements of the stolen coins were implemented by ACChain on 5th July 2018 where reimbursement instructions were emailed to all affected users. ACChain continue to refund those affected and urge all those not yet refunded to come forward if they have not received the email and to contact security@acchain.org. The appropriate authorities were notified, and importantly a criminal investigation is ongoing. ACChain continues to work with Entersoft Security and the security issue and systems involved have now been resolved.

Genevieve will now move into the role of Operations Manager for Global Markets, based in Europe, working alongside Serena Yin who is Manager of the Chinese Market, based in China. Genevieve is a leading consultant with over 23 years’ experience in supply chain finance and banking and is an expert in digital identity, market risk, liquidity management, treasury and business and industry transformation. She previously worked for Royal Bank of Scotland and was also VP of The Chase Manhattan Bank.

A significant new development and growth strategy for the business focussing on global expansion for the company is now underway. This includes international community management run by ATIS Ltd, based in Europe and led by Genevieve. A new White Paper process is in draft, with a target release date of November 2018. Alongside this the development of a new team to support the new infrastructure and strategy.

ACChain would like to thank the hundreds of thousands of voters who voted for ACChain to win the Chainnews 2018 Blockchain Star award in Asia. The company continues to strive to deliver on their expectations. In January 2018, ACChain also received accreditation from IDAXC – the global decentralized digital asset management organisation, at the World Economic Forum in Davos, Switzerland.

To stay up to date with the strategy development and initiatives underway please make sure you visit the news page on our website and follow us on social media: TwitterFacebook.

Company site: https://www.acchain.org/

Media Enquiries: Nikki Long, press@acchain.org

Technical Support: contact@acchain.org

Security Support: security@acchain.org

Press Release

Crypto Finance Conference to Feature Ripple Chairman Chris Larsen at First USA Event

By: on August 18th, 2018

St. Moritz, August 13, 2018 — After successful events in St. Moritz and Geneva, Switzerland, the Crypto Finance Conference—the world’s most exclusive investor conference on cryptocurrencies and blockchain investments—is hosting its first event in the United States. The Crypto Finance Conference USA 2018 will take place from Sept. 5 to 7 in Half Moon Bay, California, and will feature Ripple executive chairman Chris Larsen, known as the richest person in crypto, as a keynote speaker, among other high-level industry leaders.

Larsen, who holds an M.B.A. from Stanford, co-founded Ripple in 2012. Ripple’s XRP token is meant to facilitate international bank payments via blockchain.Another notable speaker is venture capitalist Tim Draper, the founder of Draper Associates, DFJ, and Draper University. He has invested in over 50 crypto companies—including Coinbase, Ledger, and Tezos—and is a leading spokesperson for blockchain and Bitcoin. Former US Congress “crypto” candidate Brian Forde, who served as a White House Senior Advisor for Mobile and Data, is another impressive name on the agenda for the event.

“We are extremely excited to bring the Crypto Finance Conference to California. We are the most exclusive investor conference in the world and working with such outstanding speakers is a great honor for us. It contributes to a unique experience for all attendants.” Andrea-Franco Stöhr, co-founder and CEO of the Crypto Finance Conference, says. “We always aim to focus on quality over quantity—in terms of participants, speakers, knowledge-sharing, and investment opportunities.”

Each speaker and attendant is approved directly by the conference board, which consists of eight crypto investors and industry experts including Crypto Finance AG founder Tobias Reichmuth, entrepreneur Marc Bernegger, and unicorn hunter and angel investor Daniel Gutenberg. The Crypto Conference USA 2018 is expected to have 150 to 200 participants attending—all investors reviewed and approved by the board.

Other speakers at Crypto Finance Conference USA 2018 include:

  • Bill Tai, VC, board director (strategy chair) at Bitfury and board chairman of Hut8
  • Reese Jones, associate founder of Singularity University & biophysicist
  • Jalak Jobanbutra, founder and managing partner of FuturePerfect Ventures
  • Bobby Lee, co-founder of BTCC, board member at Bitcoin Foundation
  • Jennifer Zhu Scott, co-founder and principal of Radian Partners
  • Eva Kaili, member of the European Parliament
  • Wences Casares, founder and CEO of Xapo
  • Meltem Demirors, chief strategy officer of CoinShares, investor and advisor
  • Steve Papermaster, CEO of Nano Vision, former senior advisor to President George W. Bush

Notable panels and keynotes include:

  • Panel Discussion “Riding the crypto rollercoaster: Will the industry ever be stable?”
  • Panel Discussion “Token categories: Which ones will dominate in the future?”
  • Keynote: “The next big thing: How to find the next Airbnb and Uber in the crypto space”
  • Keynote: “Crypto newbie: How to identify a high potential ICO”

The full speaker-line up and agenda can be found online. To participate in the Crypto Finance Conference USA 2018, applicants can register here, though completing the application does not guarantee a seat at the conference. The final acceptance/rejection email will be sent after the screening process by the conference board. Early-bird registration is sold-out. The standard participation fee is $4,900.

About CFC

The Crypto Finance Conference is the world’s most exclusive investor conference about cryptocurrencies and blockchain investments, with events in Switzerland and the US. CFC is connecting private investors, institutional investors, and family offices with leaders in the crypto and blockchain universe. The three-day conference offers expert education, investment opportunities, and excellent networking. The list of participants of each conference is strictly limited, application based and curated by the board to enable the participating experts to build a unique network.

Company name: Crypto Finance Conference

Company site: www.crypto-finance-conference.com

Company contact: Sarah Jordi, CMO

Company email: sarah@crypto-finance-conference.com

Phone: +41 79 626 86 47

Telegram: @saraxjo

Altcoin News

Theft of Token through SIM swap Fraud

By: on August 17th, 2018

The complaint by Michael Terpin claimed that the amount stolen was of three million stolen tokens were worth $23.8 million of digital currency and was stolen by SIM swap fraud. SIM swapping means tricking provider by transferring a subscriber phone number to a SIM card the SIM card is then controlled by someone else. Once that person gets the phone number, it can be used to reset the subscriber passwords, etc and access online accounts.

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