Jodie Lauren Smith | AllStocks Network

New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

Posted on June 19, 2019December 11, 2019 by Jodie Lauren Smith

It’s now thought that Russians were behind one of the biggest crypto heists in history, the crypto exchange Coincheck Inc heist. In January 2018, hackers broke into Coincheck, a popular cryptocurrency exchange, and made off with over $500 million in digital tokens. At the time, Coincheck didn’t reveal any details about how their system was breached, other than to say that it wasn’t an inside job. When asked how such a substantial amount of digital…

Ripple Pledges More Accuracy and Transparency for XRP Volume & Sales

Posted on June 5, 2019June 5, 2019 by Jodie Lauren Smith

Cryptocurrency firm Ripple, which is behind the Ripple platform and its native cryptocurrency XRP (XRP), has promised a higher degree of accuracy for their XRP volumes and sales report. The announcement was made in a blog post by the company on June 3. In the post, Ripple discusses how the industry “can and must do better” when it comes to accurate reporting. They cite several industry reports, including the recent SEC report from Bitwise, a…

Featured: The Full Story of Bitfinex & Tether

Posted on May 29, 2019June 4, 2019 by Jodie Lauren Smith

News of the Bitfinex and Tether scandal has been dominating crypto news in 2019, but what is the full story? If you’re struggling to answer this question, it probably has something to do with what Bitfinex is being accused of in court: lack of transparency. We’ll attempt to clear some of the confusion here and tell you who the companies are, and the timeline of events leading to the latest updates. iFinex, Bitfinex, and Tether…

Bitcoin Enthusiast Max Keiser Predicts $28K BTC Price after EU Election Turbulence

Posted on May 28, 2019May 28, 2019 by Jodie Lauren Smith

The well-known TV personality and Bitcoin enthusiast Max Keiser has suggested that Bitcoin’s new yearly high of $8,900, reached on May 26, was caused by the European Parliamentary election chaos. He also predicts that in 2019 the Bitcoin price could surpass the $20,000 high reached in December 2017. The European Parliament elections were held on the May 23 to May 26, and have caused political uncertainty for EU citizens. Many EU citizens were denied the…

Commentary: Rapper TI Sold Unregistered Securities in the Form of FLiK Tokens

Posted on May 22, 2019May 22, 2019 by Jodie Lauren Smith

Stephen Palley, a lawyer at Anderson Kill, has unleashed a series of tweets in his Twitter account about the FLiK token case in which the famous rapper TI found himself sued for $5 million. In his commentary, Palley states that the court relates to the token as a security rather than a utility token. FLiK is an end to end entertainment platform that allows entertainment projects to be funded. FLiK tokens can be used to…

Report: Centralized Crypto Exchanges Enjoyed 85% Volume Surge in April

Posted on May 21, 2019May 21, 2019 by Jodie Lauren Smith

CryptoCompare, a leading cryptocurrency data analysis company, has released its Exchange Review for April 2019, highlighting some positive changes in the crypto exchange industry. The report demonstrates that monthly volumes increased by 85% with South Korean exchange, Bithumb, being the top exchange at USD 17bn. Other popular cryptocurrency exchanges such as Bitfinex, Upbit, Coinbase, Kraken, Bitstamp, and Coinsplit also experienced a surge in volumes last month. Bitfinex came third in line at USD 6.7bn despite…

CTO of TRON Resigns; Accused by Founder Justin Sun of Accepting Bribes and More

Posted on May 16, 2019May 16, 2019 by Jodie Lauren Smith

Chief Technology Officer (CTO) and co-founder of TRON (TRX) Lucien Chen has resigned from the cryptocurrency project, citing ‘irreconcilable contradictions’ between himself and CEO Justin Sun as the reason for his departure. Reasons for Resignation Chen had announced his departure from the project in a post on the blogging platform Medium; the post has since been removed but Chen’s comments on it have been captured by crypto enthusiasts and are making rounds in the social…

Featured: The US-China Trade War and Bitcoin’s Price Spike

Posted on May 15, 2019May 15, 2019 by Jodie Lauren Smith

There is a theory circulating in the cryptocurrency industry that the escalation of the US-China trade war has caused the Bitcoin price to spike. For instance, the theory was put forward by DigitalX CEO Leigh Travers who believes the spike may be caused by Chinese wealth being pumped into Bitcoin as a ‘safe haven’ due to the current financial insecurity issues between the countries. The US-China trade war has been escalating recently with tensions rising….

Court Orders Craig Wright to Provide Bitcoin Addresses to Prove He’s the Real Satoshi

Posted on May 6, 2019May 23, 2019 by Jodie Lauren Smith

On May 3, the Southern District of Florida issued an order to the self-proclaimed Bitcoin creator Craig S. Wright to provide evidence that he is indeed the actual creator of Bitcoin, Satoshi Nakamoto, as Write doggedly professes he is. Craig Steven Wright is an Australian computer scientist who in 2016 publicly claimed that he is the creator of Bitcoin, known by the alias Satoshi Nakamoto. Satoshi Nakamoto published the whitepaper on Bitcoin in 2008 and…

Unearthed Bitfinex’s Document Details $1 Billon Token Sale Dubbed “LEO”

Posted on May 6, 2019May 21, 2019 by Jodie Lauren Smith

iFinex, the parent company to Tether and the controversial cryptocurrency exchange Bitfinex, is planning an initial exchange offering (IEO) with the aim to raise $1 billion. Bitfinex has come under scrutiny recently after it was revealed the FBI is conducting an investigation into an $850 million cover-up. Bitfinex has also been criticized for its lack of clarity over how Tether is backed. Bitfinex once claimed that Tether was backed 1:1 by the US dollar, but…