Bancor Hacked, 24,984 ETH Missing

Bancor Hacked. After the previous Bancor hacking information, now the Bancor reports that 24,984 ETHs or worth approximately USD 12.5 million have been lost from the wallet. Not only that, about 229,356,645 NPXS totaling USD 1 million and 3,200,000 BNT worth USD 10 million also lost.

All of the lost digital assets are from the wallet used to withdraw the ETH from the BNT smart contract. The bancor party has posted the notice through its official twitter account.

Here is the latest update on the recent security breach: pic.twitter.com/JroypFvBri

- Bancor (@Bancor) July 9, 2018

In the preceding information, there has been one source explaining that there is a high probability that some 25,000 ETHs have been lost. The statement from the Bancor turned out to be true. Nevertheless, Bancor asserted that no wallet of users were affected. But only Bancor wallet that is specifically used to update the smart contract mentioned above who have lost a number of digital assets.

To reiterate, no user wallets have been compromised in the attack.

- Bancor (@Bancor) July 9, 2018

Until now, the Bancor party is still trying to identify the attackers and attempt to freeze the total BNT that has been stolen. The reason, it is done to minimize the widespread problem in the Bancor ecosystem.

The update of the Bancor protocol to allow freeze tokens has been built in order to cope with emergency situations as experienced today. Unfortunately, to be able to freeze the total assets of ETH is not possible.

However, the Bancor also tried to cooperate with so many crypto exchanges in order to track the stolen assets. At least, it can make it hard for an attacker to sell the asset and liquefy it.

Meanwhile, a number of tokens in the Bancor P2P ecosystem services market are suspended until the situation is completely resolved. Some tokens such as EOS, Tron, ICO, OmiseGo, Augur, Aelf, Qash, Status, and also Maker.

Interestingly enough of this event is, that the previous Bancor was full of confidence that its platform was entirely decentralized. But if you see from this event, it becomes quite doubtful. Elizabet Stark had time to reply through his comments about Bancor. Stark said, "Nope, not centralized at all," he sneered@BPI

Central Bank of Philippines Has Passed Two New Crypto Exchange Licenses

Two New Crypto Exchange Licenses. Bangko Sentral ng Pilipinas (BSP) which is the central bank of the Philippines has passed permission for two new crypto exchanges in the country. Both permits are granted to Virtual Currency Philippines, Inc. and also ETranss.

With the addition of two permits for the new crypto market, it means there are currently five crypto exchanges that have officially pocketed the permission of a policy buffer in the Philippines. The five exchanges are Rebittance Inc, Bloom Solutions, Betur Inc, and the two new exchanges namely Etranss and Virtual Currency Philippines.

In the Philippines, it does seem to prefer a safer path associated with the regulation of the crypto world. Since 26 June, the CEZA (Cagayan Economic Zone Authority) has announced that there will be only 25 entities engaged in the crypto field to be licensed.

As for the crypto world itself, it seems to have been widely understood as well as its benefits by the Philippine central bank. Although, there are a number of vigilance that must be considered primarily related to risk and potential abuse.

In a Filipino business media, it is said that the conversion of Peso currency to crypto currency has increased sharply over the past two years. The average amount reached USD 36.7 million per month in the first quarter based on data from two of the largest crypto market exchanges in the Philippines. While the volume of trade even reached USD 38.27 million in the span of October and December last year.

Slightly different from the previous plan concerning the licensing of exchanges that can be used for other entities, at this time for the permission of crypto exchanges will be imposed separately. A separate permit is made if the pocket which has pocketed the permit has a different entity within its platform, eg to issue its own crypto currency.

In fact, according to Ms. Fonacier from the BSP explained that if on the platform has other services such as e-wallet, then it also will be subject to its own terms@BPI

Uproar Because Li Xiaolai Leaks Monkey Business Crypto World

Monkey Business World Crypto. Bitcoin billionaire Li Xiaolai discloses the crypto business monkey business. This is known after the leaking of recording talks that reveal many dark secrets of the crypto world. The recording of the 50 minute duration of July 4th was first obtained through the WeChat app. The leaking of the tape is then widely publicized in Chinese electronic media.

Li Xiaolay, previously quite widely known in the community of crypto Asia because has made many sites of bitcoin faucet. In addition Xiaolai is one of the crypto investors, he is also known to have assets worth USD 3.5 billion. In fact, so far, Li Xiaolai has also been heavily involved to promote several crypto projects such as Qtum and several others.

In the recording of the leaked conversation, Li revealed many dark secrets of many crypto projects as well as some large crypto exchanges. Among them are NEO, Ripple, Tron, and some exchanges like Binance, OKCoin.

Li in the tape denounced the Binance crypto market as a "cheater market". In his view, the main reason for Binance's success began when many crypto exchanges in China had to close in September due to a ban. But according to Li only Binance can survive and miraculously survive the ban.

Not only that, Li also revealed the main reason for the split between founder and CEO Binance, Zhao Changpeng, with Xu Mingxing founder of OKCoin. He called the character Zhao Changpeng not good, as well as with Xu who has a dark history. Li Xiaolai's tone of voice on the tape seemed quite fiery. Li even uses a lot of diction "stupid X" 24 times.

Associated with many crypto projects, although he also promotes a large number, Li assumes that most of the crypto and ICO platforms are worthless. In his statement, Li mentioned several such projects as NEO, Ripple, Tron, EOS, Litecoin, and others.

According to Li, some successful ICO projects are not built through a really good concept, but because they are built by creating a pool of followers with a really aggressive and explosive pulse. Li thinks some of today's popular tokens are nothing but scam, worthless.

A crypto project that has value is because the highest value of blockchain is "Consensus". Most ICO projects today, manipulate and wrap it into a hype, nothing more. In fact, according to him, most of the fake crypto project is not supported by anything concrete.

What Li is talking about, seems to be an explanation for other crypto communities in China, because of her well-known figure. This has major implications for many investors in the crypto community to pay more attention to the real conditions.

Despite what Li fired up with the greatest rough tone, there was a reality to be realized. Almost no longer a secret, that the crypto stock is currently built with a foundation full of speculation and manipulation@BPI

INDODAX Exchange - Trade with Zero Fee

INDODAX Exchange Marketplace Platform. INDODAX is a marketplace platform for buying and selling digital assets such as Bitcoin, Ethereum, Ripple and others. Digital Assets can be purchased using Rupiah or Bitcoin. The main feature of this site is to buy bitcoin (digital asset). Meanwhile, the second feature is selling bitcoin. This feature you can use when will sell bitcoin.

Have a trading platform that will serve the digital trading process for 24 hours in one day. This means you can guess the price of bitcoin earlier, so you can make an investment to make a profit.

PT. Bitcoin Indonesia or referred to as INDODAX is one of the largest online companies in Indonesia where people can buy or sell Bitcoin as a digital commodity with Rupiah. INDODAX also provides features where customers can exchange their Bitcoins with other types of digital currencies such as Litecoin, Dogecoin, Riplle, and others.

INDODAX was established in 2013 until now 2018 in Jakarta with the mission of becoming the largest digital currency market in Asia and applying digital currency technology to the best payment solution for the people of Indonesia.

INDODAX now processes almost all bitcoin transactions in Indonesia and also provides automatic stall machines where bitcoin users can buy bitcoins easily without having to go online or log in to their accounts.

With INDODAX's trading volume reaching one billion Rupiah per day and 166,603 registered members on its website, Indodax.com has succeeded in becoming a leader in Southeast Asia in the digital currency business. Until now, the Company is intensively reported in the mass media as an organization that has a mission to disseminate the use of Bitcoin in Indonesia. INDODAX also actively cooperates with many partners both domestic and abroad.

INDODAX is a rebrand movement spearheaded by its CEO, Oscar Darmawan to realign the company's goal to focus on various digital assets rather than just bitcoin.

Address:

Jl. Nakula No.88b, Legian, Kuta, Badung Regency, Bali 80361, Indonesia

Fees:

• Maker (sell/buy pending) 0%

• Taker (sell/buy instant) 0.3%

Withdrawal:

• BitBayar & VIP.Bitcoin.co.id - Free

• Other BTC wallets - 0.0005 BTC

Deposit: Free

Fiat deposit: IDR

Payment Method Accepted: Bank Transfer

Margin Trading: No

Website: INDODAX

Email: admin@bitcoin.co.id

Swiss Exchange, SIX will Launch Own Crypto Exchange

SIX Swiss Exchange will launch its own fully authorized crypto market next year. SIX, is a Swiss stock exchange formerly known as Switzerland SWX Stock Exchange is a Swiss stock exchange located in Zurich. In addition to trading securities such as bonds, derivatives, with SMI as its stock market indices, now SIX will also trade crypto-based currencies.

The SIX Exchange has indeed become the world's first stock exchange to have used the trading system, with the ultimate finalization automation since 1995. The SIX securities market is becoming so powerful because it is managed from an association of 55 other banks.

Reporting from Businessinsider, that last Friday the SIX has announced plans about the launch of its official crypto exchange. Although the crypto price movement has dropped evenly both bitcoins to almost all Altcoin since the beginning of 2018, the SIX remain confident in their plans.

Jos Dijsselhof, CEO of the SIX Stock Exchange, said: "It's pretty clear that what has happened so far about the digital world will continue to exist. This is the beginning of a new era for capital market infrastructure. For us, what has happened to the digital space so far will continue to exist and will determine the future of our industry, "he concluded.

SIX will launch its own cryptic exchange by the name of SIX Digital Exchange. On the new crypto market it will be overseen by Swiss national bank and also FINMA. Reportedly, the launch of crypto stocks will be ready to be launched in the first half of the year ahead.

The new SIX Exchange platform will not only provide crypto-based trading services like Bitcoin and some crypto popules, but also for many other digital assets as well as most ICO tokens.

SIX's head of securities and trading, Thomas Zeeb pays special attention to some real challenges to the world of digital assets. According to him, the digital space currently faces some of its greatest challenges such as regulatory and security guarantees, stability, transparency as well as official accountability.

Some of the main issues above lead to the same implications, namely the low level of trust. Specifically about storing digital assets later on SIX, it will act as an official infrastructure provider to accommodate all integrated and secure blockchain models.

So far, Switzerland has become a region friendly enough to the world of crypto in Europe. The authorities and the relevant authorities in Switzerland are also quite accommodating. There, also provide clear guidance to be able to support new companies engaged in the world of crypto in order to grow@BPI

Laporan Parlemen Eropa Tentang Cryptocurrency Dan Bank Sentral

Cryptocurrency di Parlemen Eropa. Beberapa hari lalu, Parlemen Eropa merilis laporan tentang cryptocurrency dan keterkaitannya dengan tantangan yang harus dihadapi oleh bank sentral. Laporan itu disusun sesuai permintaan dari Komite Parlemen Eropa Urusan Ekonomi dan Moneter.

Dalam laporan yang terdiri dari 33 halaman penuh itu, berisikan tentang analisis mata uang berbasis kripto (cryptocurrency), berkaitan dengan dampaknya terhadap pasar keuangan dan kebijakan moneter, terutama dengan bagaimana peran bank sentral yang seharusnya memonopoli penerbitan uang.

Meski pihak regulator dan juga bank sentral menghadapi dampak yang ditimbulkan, namun mata uang kripto juga menghadapi persoalan yang sama. Dalam laporan itu dituliskan, “Mata uang kripto menghadapi tantangan untuk bisa merebut pasar, dan berupaya untuk bisa mendapat pengakuan pemerintah sebagai alat pembayaran, membangun kepercayaan publik mengenai stabilitasnya, dan mencapai jaringan yang memadai dalam penggunannya. Meski pemerintah dan bank sentral tidak menerima sebagai entitas resmi di masing-masing yurisdiksi, namun masalah pengakuan pasar tetap terbuka, dan ekspansi cepat Bitcoin dan proyek mata uang kripto lain di seluruh dunia menunjukkan hal itu mungkin terjadi. Penerbit mata uang pribadi dan kontemporer mampu memastikan jaringan globalnya secara transparan dalam hal sirkulasi, algoritma yang kredibel saat menciptakan mata uang kripto, dan mekanisme transaksi yang relatif aman, cepat, dan murah.”

Secara keseluruhan, pada laporan parlemen eropa tersebut memang banyak membicarakan tentang kelebihan dan kekurangan mata uang kripto. Dalam laporan tersebut juga memprediksi bahwa mata uang kripto tidak mungkin bisa berkompetisi terhadap kuasa monopoli uang bank sentral dalam waktu dekat.

Meski demikian, mata uang kripto dengan karekteristik khasnya yang berkaitan dengan perkembangan teknologi termasuk dalam hal transparansi jaringan dan potensi transaksi yang lintas batas, mata uang kripto mempunyai peluang survive yang lebih baik. Era digital dianggap mempu mengatasi banyak kekurangan-kekurangan mata uang saat ini.

Sementara itu, berkaitan dengan sikap para pemangku kebijakan, sebagian besar lebih banyak memilih untuk bersikap “wait and see” saja. Di dalam laporan itu, lebih menyarankan untuk sebaiknya mengambil titik tengah antara sikap yang optimis dan suka cita.

Landasan atas hal itu adalah karena dengan karakter mata uang kripto yang bisa ditransaksikan lintas batas negara, maka peraturan yang bisa diselaraskan di seluruh yurisdiksi akan mampu memungut pajak. Penarikan pajak itu dapat disamakan seperti halnya investasi dalam aset keuangan lain@BPI

Binance and SYS Respond to Irregular Trading

Binance and Sys Irregular Trading. Binance’s trading suspension lifted as more details emerge about July 3rd incident. After Binance’s internal risk management system detected irregular trades from a number of API users, on July the 3rd, it temporarily suspended trading, withdrawals and other account functions.

The irregularity came from an issue with Binance's API, which caused exponential volume and market pressure to Syscoin trading. There was a sharp spike in the price of SYS and buy/sell order prices hit remarkable levels.

Sudden jump in value of SYS

Binance has stated that to “protect the safety of our API users” it has taken a number of actions relating to the incident. Primary amongst was a rollback of irregular trades and the removal of all existing API keys — with a request for all Binance API users to recreate their API keys.

In addition, Binance has warned API users to better safeguard their API keys going forward and to use the IP whitelist functionality to ensure keys are only accessible to authorized users.

“No coins were mined outside of the regular mining schedule, and the Syscoin blockchain was not compromised.” — Syscoin co-founder Sébastien DiMichele

For its part, Syscoin co-founder Sébastien DiMichele says there was no breach of the Syscoin network and the incident was purely API related. He says the Syscoin block explorer “indicated that 1.2 billion coins were transferred back and forth on the same block (block #87670), and [it] was not an attack on the network”.

DiMichele adds that “no coins were mined outside of the regular mining schedule, and the Syscoin blockchain was not compromised.”

Syscoin secures its blockchain using ZDAG technology, additionally, it is merge mined with Bitcoin, giving it a boost in hash rate and creating greater security against hackers.

Binance has provided a summation of the incident on its support site. In addition to the noted action relating to API usage, Binance is offering rebates and compensation to users affected by the outage and announced the creation of a Secure Asset Fund for Users (SAFU). Binance says beginning on the 14th of July it “will allocate 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases. This fund will be stored in a separate cold wallet.”@BPI