Cryptocurrency Exchange Bitfinex is Going to Use Special Tools to Crack Down on Market Manipulation (Markets.BusinessInsider.com)
LONDON – Global cryptocurrency exchange Bitfinex has partnered with a market surveillance company to try and stamp out market manipulation on its platform. Market surveillance software provider Irisium announced on Wednesday that it is now working with Bitfinex to “identify and investigate manipulative behaviours and suspicious trading practices on its exchange.”
Vogogo Announces Agreement to Purchase Cryptocurrency Company (SeekingAlpha.com)
Vogogo (OTCQB:VGGOF) entered into a share purchase agreement providing for the acquisition of all of the issued and outstanding shares of Crypto 205 from its current shareholders in exchange for an aggregate of 130,000,000 non-voting, convertible series 1 preferred shares in the capital of Vogogo. The Transaction is expected to close on or about April 1. Pursuant to the Transaction, Crypto 205 will be a wholly owned subsidiary of Vogogo.
Privacy-oriented Cryptocurrency Verge (XVG) Got its Twitter Hacked (TheNextWeb.com)
In an ironic turn of events, privacy-focused cryptocurrency Verge (XVG) got its Twitter account hacked yesterday. According to Verge team members on Telegram, no funds were at risk at any point in time and the breach was exclusively limited to its social media profiles. Once in control of the account, the hackers proceeded to ask Verge followers to donate XVG to a fraudulent wallet for a chance to receive double the amount in return – a new scam tactic which has been running rampant in the blockchain space over the past couple of months.
How PlasmaCash Can Prevent Hackers (CryptoDaily.co.uk)
PlasmaCash was created by Ethereum founder, Vitalik Buterin, and is a blockchain scaling system of smart contracts, designed to increase the Ethereum blockchain’s computational potential. This new system was presented just last Friday, at the Ethereum community conference EthCC, which took place in Paris. Plasma first hit the scene back in August last year, after Buterin teamed up with Joseph Poon, the co-creator of Lightning Network. It is a series of contracts that run on top of a root blockchain, and optimises any data that is passed onto the root blockchain, which in turn will reduce the transaction fees for both DApps and smart contracts.
One of the World’s Biggest Investment Firms Thinks Bitcoin is Worth Zero (Mashable.com)
Bitcoin’s value is zero, but there’s potential in blockchain as technology, says a recent note from Allianz Global Investors (AGI), the investment arm of insurance company Allianz. The tone of the note does not differ significantly from similar sentiments expressed by prominent investors like Charles Munger and Robert Shiller, but AGI – a company that manages nearly 500 billion euros ($619 billion) worth of assets as of Dec. 2017 – has expanded on the usual bubble talk a little. “What is the fair value of a bitcoin? In our view, its intrinsic value must be zero: a bitcoin is a claim on nobody – in contrast to, for instance, sovereign bonds, equities or paper money – and it does not generate any income stream,” says the note, signed by AGI Head of Global Economics and Strategy Stefan Hofrichter.