Tuesday: Exchange ETF Action and Wozniak Wants Bitcoin to Rule World

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Change how you receive our emails: Update your preferences or Unsubscribe from this list NEWS  Jun 05, 2018 BTC: $7,410.32 | BCH: $1,070.76 Tuesday: Exchange ETF Action and Wozniak Wants Bitcoin to Rule World   In today’s edition of Bitcoin in Brief we feature news about a Dubai-based exchange returning to accept local fiat deposits, another exchange launching an ETF-like product and the response by a popular wallet to a cyber attack. But the big story, without a doubt, is Woz’s undying commitment to the idea of bitcoin. Also Read: Crypto Point-of-Sale Devices Begin Roll-Out in Indonesia Despite Ban Apple Co-Founder’s High Hopes for Bitcoin Steve Wozniak, the genius co-founder of Apple Computers, has once again spoken about his fascination with the tech and principles of bitcoin. “Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions,” he told CNBC. “Only bitcoin is pure digital gold… and I totally buy into that,” Woz added. Okex’s New Exchange Traded Tracker (ETT) Okex, the Chinese-run cryptocurrency exchange based in Hong Kong, has joined the recent trend of trading platforms creating their own ETF-like investment tools for their users. It launched its first exchange traded tracker (ETT) on June 5, which was fully sold out within just three minutes. It includes six coins (BTC, ETH, LTC, BCH, EOS, and OKB) and requires USDT to subscribe. The minimum subscription for the instruments is 100 units. A couple of days ago, we reported that Huobi, the Singapore-headquartered exchange, has decided to create its own ETF style instrument based on an index of ten assets. Bitoasis Resumes Dirham Transactions Last month, Dubai-based cryptocurrency exchange Bitoasis enacted a suspension of deposits and withdrawals in UAE dirhams. This Monday, without explaining what was the cause of the issue, the company announced that transactions are reinstated. In a letter to its clients, quoted by Arabian Business, Bitoasis apologized for the inconvenience and said that now “users can deposit and withdraw their funds in AED as usual, without any interruption.” “In light of the recent inconsistency of service across our payment options, we will be revising and updating the options available to our customers on the platform to ensure continuity of our services,” the Bitoasis statement continued. “We will be notifying our customers with the update on our new payment options soon.” Myetherwallet Attack Blamed on Russian Hackers, Uneducated Users Myetherwallet (MEW), the web’s most popular client-side ethereum wallet, has been compromised by a DNS attack on April 24, 2018. Today the team behind the wallet issued a response to the event, further explaining what happened and detailing the steps taken to prevent its reoccurrence. They say that the attack was carried out by a native Russian speaker, which was able to phish only about $150,000 worth of ether from MEW users. They quote Internet Security experts as explaining that the “financial resources required for such an attack likely exceeds the amount of funds taken.” The team added that it is a lack of safety education that led some clients to fall for the fraud. “We hope that from this experience, every single person who interacts with cryptocurrencies and the blockchain will understand how important self-education is. In the end, you and only you are responsible for your security.” JOIN THE DISCUSSION ON BITCOIN.COM Latest News From Yesterday Russian Farming Village: Local Crypto, Bitcoin Reserves, No Govt Money Mikhail Shlyapnikov, cancer survivor turned quaint Russian farmer and cryptocurrency revolutionary, is well known within the ecosystem. He's about as eccentric as imagined, defiantly taking on his government through the issuance of a proprietary, local money. It was a way to get out from under gouging state-backed banks. Close to half a decade later, and after a crackdown, his little hamlet is thriving as a result of tapping the digital universe to cure their monetary ills.  Read More… Satoshi Nakamoto Revealed Says UK Nonprofit – Stylometry & Bootstrapping "Proof" Self-described informative and interactive crypto website, Zy Crypto, a nonprofit based in England, believes it has struck ecosystem gold by discovering Satoshi Nakamoto's real identity. It's the second attempt by the outfit, and both times they've relied upon stylometry before concluding that Bitcoin Cash developer Gavin Andresen is Satoshi hiding in plain sight. This go-round analysis involves not only statistical analysis of prose, but also Maciej Eder's bootstrapping method in an attempt to eliminate natural bias in such conclusions.  Read More… Chinese Wallet Imtoken Holds $20 Billion in Coinbase Customer Assets In a recent interview, Ben He, the founder of major Chinese Ethereum wallet provider, Imtoken, discussed his company's growth. $35 billion worth of crypto assets are currently held in Imtoken wallets – including funds owned by major cryptocurrency companies such as Coinbase. Imtoken also recently announced that it has received $10 million USD from IDG Capital, and will soon integrate support for BTC. Read More… Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms Since the creation of bitcoin and the hundreds of other cryptocurrencies in existence individuals have been trading their assets for profit or for other coins. A great majority of people use centralized exchanges, even though many of them require strict identification policies or have lost funds due to hackers infiltrating their platforms. Over the past couple of years, there has been a proliferation of decentralized exchanges (Dex) that allow digital currency trading without relying on a third party to hold a user's funds. Unfortunately, people might not be aware that there have been over 200 Dex platforms launched over the past few years, and a Github repository called 'Index' allows people to get a comprehensive overview of each decentralized exchange. Read More… Indonesia to Regulate Cryptocurrencies as Commodities Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country's futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation.  Read More… Blockchain Developers Abandon Github Following Microsoft Acquisition Microsoft's acquisition of open source code repository Github has provoked protest from members of the crypto community. Developers of bitcoin core and other blockchains have expressed disquiet at the corporate takeover, with several stating their intent to migrate to an alternative platform at the earliest possible convenience. Read More… VC Funding Round-Up: Money Keeps Flowing to Crypto Exchanges and Wallets A collection of recent funding news from the cryptocurrency ecosystem shows that despite record amounts of money raised by ICOs, the traditional route of raising funds from venture capital firms is still going strong. And cryptocurrency exchanges are involved both as investment targets and investors.  Read More… Coinbase Unveils Plans to Enter the Japanese Market One of the largest US cryptocurrency companies, Coinbase, has unveiled its plans to enter the Japanese market in order "to accelerate the global adoption of cryptocurrency." The company has been in talks with the country's financial regulator to ensure compliance. Read More… New Cashpay Wallet Allows Purchases With Any Online Retailer Using BCH On Saturday, June 2 a new cryptocurrency wallet focused exclusively on bitcoin cash launched called Cashpay. The beta release is now available for Android and iOS devices but the wallet also offers an interesting feature — Cashpay comes with the ability to purchase anything from any online retailer using bitcoin cash. Read More… TASE Shell Company Switches Plans From "Blockchain" to Cannabis After delistings, warnings and even regulatory actions in different markets around the world, we are now getting another indication that the "blockchain" stocks hype is dying out. A TASE shell company has switched its focus from trying to enter the blockchain racket to newer trends like the legal cannabis business.  Read More… Recent Press Releases June 5, 2018 PR: Ethbay, the New Decentralized Ethereum Marketplace Will Launch Their ICO on June 7th June 4, 2018 PR: Viola.AI To Gather Larger Single Women Database June 4, 2018 PR: Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform June 3, 2018 PR: The Masternode Foundation Launches MANO, Its Exclusive Cryptocurrency June 2, 2018 PR: Ontology Announces Triones Seed Node Recruitment         Ready to use Bitcoin? Download Our Wallet! Want to change how you receive emails from us? You can update your preferences or unsubscribe from this list. Alternatively, you can opt out and emails will no longer be sent to you. Saint Bitts, LLC, 858 Zenway Blvd, P.O. Box 1830, Frigate Bay, Saint Kitts and Nevis