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Zcash Team Fixed a Catastrophic Coin Counterfeiting Bug ! Other Crypto news

This is a daily round up of important blockchain and crypto news between Feb 5, 2019 and Feb 6, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.

1. Lawyers Might Sell QuadrigaCX to Settle Debts

According to CBC, the laptop that might provide access to $190 million of QuadrigaCX customer funds will be given to a monitor-an independent third party who is appointed by the court to monitor the company’s operations during bankruptcy procedures.As the assets were stored in a cold wallet, the court believes that the QuadrigaCX case is not a typical bankruptcy. Read more

2. Zcash Team Fixed a Catastrophic Coin Counterfeiting Bug

The company behind the privacy-minded cryptocurrency zcash has revealed that it fixed a catastrophic code bug last year that could have been used to print infinite coins. Once the zcash team found out about the bug, they kept it quiet and pulled together a fix, which they then added to zcash’s large Sapling upgrade, which was executed October last year. Today, though, is the first time the company has revealed it to the larger public. Read more

3. Coinbase Extends PayPal Withdrawal Option to 32 European Countries

Coinbase customers in the EU and the European Free Trade Association (EFTA) countries can now make withdrawals into their PayPal accounts. Customers can link their PayPal accounts to their Coinbase account and select the payment option when withdrawing cash balances. Read more

4. Crypto Firm Accused of Fraud, Duping Investor into Buying $2 Million in Tokens

The filing alleges that the plaintiff Lijun Sun transferred $2 million to New-York based investment group Blue Ocean Capital Group, Inc. to purchase MCash tokens. Only after buying the tokens did Sun realize that he would have to enter into a Token Purchase Agreement not with Blue Ocean Capital, but with another company, which defendants purportedly did not disclose. Read more

5. Crypto Exchange Kraken Secures Blockbuster $4 Billion Valuation after $100m Mega Deal

Kraken acquired Crypto Facilities for over $100 million, becoming a regulated futures and index products operator in Europe. The timing of the $100 million megadeal it closed with the approval of the U.K. Financial Services Agency (FSA) allowed the exchange to expand its range of products in Europe prior to closing a new funding round. Read more

Bite-sized News

Only the headlines are enough for these news

  • Death Certificate Shows QuadrigaCX CEO Died in India Read Story.
  • SWIFT Developing New Blockchain-based Proof-of-Concept Gateway in Partnership with R3Read Story.
  • Facebook Hires Team Behind Blockchain Company ChainSpace Read Story.
  • Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks Read Story.
  • Bitcoin Community Celebrates as Twitter CEO Joins Lightning Network Relay Read Story.

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