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Viktor Solodovnikov

  Publisher Last seen online, 2 days ago
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  • The founder of the Quadriga CX spoke about the method of storing users' private keys back in 2014.


    Five years ago, the late founder of the Canadian bitcoin exchange Quadriga CX, Gerald Cotten, revealed the details of how his organization keeps users' private keys: on paper.

    In February 2014, Kotten appeared in the “True Bromance” podcast, where he spoke about cryptocurrencies and his then completely new enterprise. During a conversation with actors Sage Broklbank, Michael Carl Richards...
    The founder of the Quadriga CX spoke about the method of storing users' private keys back in 2014.


    Five years ago, the late founder of the Canadian bitcoin exchange Quadriga CX, Gerald Cotten, revealed the details of how his organization keeps users' private keys: on paper.

    In February 2014, Kotten appeared in the “True Bromance” podcast, where he spoke about cryptocurrencies and his then completely new enterprise. During a conversation with actors Sage Broklbank, Michael Carl Richards and producer Brett Michael, he said about the risks of losing private keys.

    “It's like setting fire to bills. Even the US government with the largest computers in the world will not be able to return you coins in case of loss of private keys. It's impossible, ”said Cotten.

    Note that after his death in Jaipur, India, the funds of more than 100 thousand users were frozen in the cold storage of the exchange. The cumulative value of potentially lost cryptocurrency assets, according to some estimates, reaches $ 137 million. It is assumed that the private keys to the vault are encrypted with Kotten on a laptop, which no one can unlock.

    “A paper wallet is a good way to store bitcoins. All you need to make Bitcoin transfers is a private key. Therefore, you should print it and put it in an offline storage, say a bank cell. In this case, no one will be able to steal your coins, unless they decide to rob a bank for this, ”the founder of the Quadriga CX stressed in 2014.

    Then Cotten added that the Quadriga CX stores the user's private keys on paper in the bank box.

    Recall that before the death of Kotten, 9000 ETHs were withdrawn from the exchange wallets to the Binance, Kraken and Poloniex platforms.

    Quadriga CX managed to secure a temporary ban on lawsuits against the exchange, the Supreme Court of Nova Scotia, however, users are already gathering in groups for further action in the legal field.
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  • The state of Wyoming is considering two new bills related to the cryptoindustry.


    Wyoming recently passed two revolutionary bills related to the crypto industry. It is expected that these two new documents will soon be signed by State Governor Mark Gordon.
    Details
    These two bills, namely the Special Depositories Bill (SPDI) (HB074) and the Corporate Securities / Token Act (HB0185), are bills that favor the development of the crypto industry in Wyoming, as they help create a clear regulatory...
    The state of Wyoming is considering two new bills related to the cryptoindustry.


    Wyoming recently passed two revolutionary bills related to the crypto industry. It is expected that these two new documents will soon be signed by State Governor Mark Gordon.
    Details
    These two bills, namely the Special Depositories Bill (SPDI) (HB074) and the Corporate Securities / Token Act (HB0185), are bills that favor the development of the crypto industry in Wyoming, as they help create a clear regulatory framework for entrepreneurs and cryptoinvestors.

    The first bill, the SPDI bill, helps entrepreneurs take a risk by closing their bank accounts without warning. The second bill allows corporations to issue tokenized shares instead of paper certificates.

    Speaking about why these bills are revolutionary and why they are an important step forward for the entire crypto industry, Caitlin Long, co-founder of the blockchain coalition in Wyoming, recently tweeted.

    Long stated that:

    “A special depository institution (SPDI) is particularly important. It helps to solve the problem of the difficulty of accessing basic dollar bank accounts that very few banks offer for startups. Many stories end up with startups closing because banks close these accounts. And this is terrible. American companies that lose their bank accounts go out of business. For example, the IRS requires that withholding taxes be paid electronically through a bank account. For the success of the blockchain sector, it is important that more than just a few banks serve the industry for basic checking / payroll / cash management accounts. ”

    Wyoming - trendsetter
    By this step, the state of Wyoming has established itself as a trendsetter in the USA in terms of creating clear guidelines and frameworks for the blockchain industry.
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  •   Maria Kemenes commented on this post about 1 day ago
    Stellar will be integrated into Mastercard.


    After Visa and JPMorgan adopted the concept of cryptocurrency and integrated it into their infrastructures, the company began developing its own DLT solution. The association with Token.io Limited and the attractiveness of the Stellar network contributed to this. Let this beginning and will be considered a bank hub, but it takes place. And this is the main thing!

    On the account of the giant daily processing of almost three and a half billion...
    Stellar will be integrated into Mastercard.


    After Visa and JPMorgan adopted the concept of cryptocurrency and integrated it into their infrastructures, the company began developing its own DLT solution. The association with Token.io Limited and the attractiveness of the Stellar network contributed to this. Let this beginning and will be considered a bank hub, but it takes place. And this is the main thing!

    On the account of the giant daily processing of almost three and a half billion financial transactions. Creating a pan-European hub of its service, it seeks to expand links between funding institutions and the private providers sector. The development of unique blockchain tools makes it easy to resolve disputes and adhere to established legislation.

    Probably not even worth telling what this partnership means for a startup Token. He provided all of his solutions for partner use. But while cryptocurrencies are not used by the financial giant.
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  • In April, Cardano (ADA) will release its new roadmap.

    Cardano plans to release a new roadmap for its project. It will be painted plans for 2020. The company IOHK, which developed the cardano, said that the strategic changes on the project will be announced after the congress of representatives of IOHK, which is planned for April 17-18 of this year.

    “We will launch a new exciting roadmap after the IOHK summit, which will demonstrate the Cardano 2020 concept. CEO Charles Charlesinson will...
    In April, Cardano (ADA) will release its new roadmap.

    Cardano plans to release a new roadmap for its project. It will be painted plans for 2020. The company IOHK, which developed the cardano, said that the strategic changes on the project will be announced after the congress of representatives of IOHK, which is planned for April 17-18 of this year.

    “We will launch a new exciting roadmap after the IOHK summit, which will demonstrate the Cardano 2020 concept. CEO Charles Charlesinson will tell you about the planned innovations. Before the summit, we will remove the timer from the Road map page. We will also periodically publish information about new software updates for our users, ”said the developers at IOHK.

    It should be noted that the last months of 2018 were difficult for Cardano because of the departure of Michael Parsons, one of the main founders of the project. Cardano was also ousted from the top 10 of the CMC rating, it was bypassed by Binance Coin (BNB) and Stellar (XLM).

    At the time of writing the news, Cardano is trading at a rate of $ 0,040,732 with an average daily trading volume of $ 12,641,772. Its capitalization is $ 1,056,064,969
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  •   Maria Kemenes commented on this post about 1 day ago
    10 thousand retail stores in France will sell cryptocurrencies.

    French cryptocurrency startup Digycode is expanding its network. The company plans to open 10 thousand points of sale in France, cooperating in this matter with the payment giant Ingenico. The startup has already shared this good news on Twitter.

    According to DailyHodl, a crypto startup will offer prepaid coupons, which can be purchased in three available options (20, 50 or 200 euros). A potential customer must go to the...
    10 thousand retail stores in France will sell cryptocurrencies.

    French cryptocurrency startup Digycode is expanding its network. The company plans to open 10 thousand points of sale in France, cooperating in this matter with the payment giant Ingenico. The startup has already shared this good news on Twitter.

    According to DailyHodl, a crypto startup will offer prepaid coupons, which can be purchased in three available options (20, 50 or 200 euros). A potential customer must go to the Digycode website and redeem a coupon. In this case, the euro will be converted into any of the selected currencies (Bitcoins, Ethereum, Lightcoin, XRP, Dash).

     “Digycode integration is the result of a fruitful collaboration between Digital Service and Ingenico. By the way, tobacco shops equipped with Devlyx can offer our development to their customers. ”

    Recall that in France they actively implement cryptocurrencies. We recently reported that by the end of February, 6.5 thousand tobacco shops will be equipped with devices for selling digital currencies. This is done, first of all, for those people who experience difficulties with buying Bitcoin online.
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  •   Ryed Jr. commented on this post about 1 day ago
    Craig Wright is ready to swear under oath that he is Satoshi Nakamoto.


    Craig Wright filed an official statement that he is Satoshi Nakamoto. He reported this to the CFTC regulator. And most importantly, he is ready to testify under oath.

    It is worth saying that Craig Wright participated in the BCH hard forks. Now he actively supports Bitcoin Cash SV, which appeared in November after the network split. IT-crypto-enthusiast claims that he began developing BTC back in 1997. He also states...
    Craig Wright is ready to swear under oath that he is Satoshi Nakamoto.


    Craig Wright filed an official statement that he is Satoshi Nakamoto. He reported this to the CFTC regulator. And most importantly, he is ready to testify under oath.

    It is worth saying that Craig Wright participated in the BCH hard forks. Now he actively supports Bitcoin Cash SV, which appeared in November after the network split. IT-crypto-enthusiast claims that he began developing BTC back in 1997. He also states that a lot of untruthful information is being spread about him

    Craig Wright has repeatedly stated that it was he who was the “father” of digital gold, Bitcoin. Thanks to his sufficient authority, he even managed to convince the major media of this. Although there are many who consider the words of Craig Wright to be a bluff. For example, Wikileaks recently said that it would prove the untruthful statements of an Australian.

    Now we can say with confidence that the comment of Craig Wright to the CFTC regulator is the strongest commitment in the past few years.
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