Why A Vote To Release Parity Locked Funds Evoked So Much Controversy

Parity’s recent call for a vote on their submitted EIP-999, which would allow for affected users to regain access to their assets stored in the multisig wallet, caused a stir within the Ethereum community, even prompting Vitalik Buterin himself to call for a boycott of Consensus 2018, stating “sensationalist” coverage of EIP-999 as part of the reason. The situation started with the July 2017 Parity hack, which resulted in the loss of 150,000 Ethereum (ETH). Parity fixed the vulnerability in the code, but unfortunately the redeployed smart contract code came…

Reddit Co-Founder Says Ethereum Price Will Reach $15,000 This Year

Alexis Ohanian, a co-founder of Reddit, said that he predicts the price of Ethereum (ETH) will reach $15,000 in 2018, Fortune reports May 2. Ohanian, who now works full-time at a venture capital (VC) firm Initialized Capital, said in an interview, “At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.” He said that he’s bullish on ETH because “people are actually building on it.” Should Ohanian’s prediction prove true, the ETH market…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, TRON, EOS: Price Analysis, May 02

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Oki Matsumoto, CEO of Japanese online broker Monex Group, believes that the cryptocurrency markets will take off similar to the derivatives market. If his prediction proves to be correct, the digital currency markets can assume a significant proportion of the total global trading…

Dubai Bitcoin Robbery | Gang that Stole $1.9m Found and Arrested

Dubai Bitcoin Robbery: Thanks to Artificial Intelligence Technologies and smart patrolling, Dubai police have been able to capture ten members of a gang who robbed more than $1.9 million through a fake over-the-counter purchase offer. The victims were two brothers seeking to swap their FIAT money into crypto, through a multi-million dollar purchase of Bitcoins with cash. The amount was over 7 million Dirham, which is just over 1.9 million dollars. According to official information, one of the members of the gang contacted the brothers to tell them about their…

Telegram Cancels Plans To Launch Public ICO Due To Abundance Of Funds Already Raised

The Wall Street Journal (WSJ) reported today, May 2, that Telegram’s plan to launch an Initial Coin Offering (ICO) has been scrapped. The fact that the messaging app raised enough money already through their two private ICO rounds was cited as the reason for the decision. An unnamed source told the WSJ that Telegram has decided not to hold the planned ICO for the public after bringing in a total of $1.7 bln by mid-March, with 81 accredited investors taking part in the first ICO round and 84 in the…

Blockchain Wallet to Open in San Francisco

A London-based crypto wallet provider has designated San Francisco to be its new home. More specifically, Blockchain – both a wallet and data provider, announced Tuesday that it will be opening an office in the hilly city.   Crypto Wallet Blockchain Takes On San Francisco  The opening of the San Francisco office is part of the company’s expansion plans. It also follows Blockchain’s recent acquisition of a software company, formerly headquartered in the Bay Area. The California office of the London-based company will have staff from both Blockchain and its recently…

Ethereum Price Will Reach $15,000 This Year: Reddit Co-founder

Join our community of 10 000 traders on Hacked.com for just $39 per month. Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency. Ohanian, who now works full-time at Initialized Capital –a venture capital firm he co-founded in 2012 — made this bullish ethereum price prediction during an interview with Fortune, explaining that he believes this project has more long-term potential than any…

Will Generation Y Turn Gold into Crypto Assets?

Turn gold into crypto assets: It’s not uncommon for someone to mention gold while discussing Bitcoin (BTC). The latest to do so, however, is Barry Silbert, CEO of the Digital Currency Group. According to Silbert, Baby Boomers’ children are likely to turn gold into crypto assets. That is, the gold inherited from their parents. Is that true, though?  Generation Y Might Turn Gold into Crypto Assets  On Tuesday, speaking before a forum hosted by the Financial Services Roundtable, Mr. Silbert stated that the younger generation of investors is not interested in buying…

Alibabacoin vs Alibaba | First Round is Won by Alibabacoin

U.S. District Judge Paul Oetken in Manhattan who is handling the case: “Alibaba Group Holdings Ltd v. Alibabacoin Foundation et al, U.S. District Court, Southern District of New York, No. 18-02897” denied the claims of Jack Ma’s companies who were attempting to force the closure of the ICO of Alibabacoin (ABBC). The company claimed that the ICO’s name violated Alibaba.com’s copyrights and that the Alibaba Foundation acted fraudulently by having a name that made people think that the crypto had some kind of relationship with the online e-commerce giant. This…

US Judge Denies Alibaba’s Request To Stop Alibabacoin From Using Matching Name

A US court has ruled this week against the Chinese e-commerce giant Alibaba’s request for an injunction against the Dubai-based Alibabacoin Foundation (ABBC Foundation) due to their similar names, Forbes Middle East reported yesterday, May 1. In the beginning of April, Alibaba sued the ABBC Foundation for copyright infringement, alleging that Alibabacoin engaged in “prominent, repeated, and intentionally misleading” behavior using the company’s name. The initial lawsuit was accompanied by a temporary restraining order against Alibabacoin that was negated by Judge J. Paul Oetken’s ruling, but Alibaba can keep pursuing…