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mostlysignssomeportents · 3 years ago

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When crypto-exchanges go broke, you'll lose it all

If you’ve spent much time around cryptocurrency people, you’ve probably heard a rant or two about “sound money” and the need to “depoliticize money.” This is a foundation of blockchainism: the belief that money is born separate from states, and states invade on the private realm when they “meddle” in the money system.

There are at least two serious problems with this ideology. First, it’s plain wrong on the historical facts. Money did not emerge from barter systems among people. Money was and is a product of states:

https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051/

But even if you stipulate that money didn’t originate among private markets (and I’m fully aware that there are many Reply Guys who will @ me to tell me that they disagree), there’s another serious historical problem with “sound money.”

It’s this: central banks didn’t emerge to usurp the private sector’s control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What’s more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated.

The idea that a society can survive without a state or other actor that can create and destroy money based on prevailing economic conditions is both ahistorical and impractical. If we all adopted cryptocurrency tomorrow, there’d still be an elastic money-supply, as Yanis Varoufakis explains in this interview with The Crypto Syllabus:

https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/

“What would banks do? They would lend in Bitcoin, of course. This means that overdraft facilities would emerge allowing lenders to buy goods and services with Bitcoins that do not yet exist. What would governments do? At moments of stress, they would have to issue units of account linked to Bitcoin (as they did under the Gold Exchange Standard during the interwar period). All this private and public liquidity would cause a boom period before, inevitably, the crash comes. And then, with millions of people wrecked, governments and banks would have to abandon Bitcoin.”

The blockchainist’s insistence on “de-politicizing” money is a dead-end, in more ways than one. Actual money, run by actual states who charter actual banks, has rules — reporting rules, insurance rules, taxation rules.

The stated dream of the blockchain is to replace those rules with “private agreements,” but if you but scratch the surface of this dream, you find the age-old dream of the goldbug: money without taxation.

Thus it is that crypto people have long insisted that their coins and tokens are neither fish nor fowl: neither a currency subject to currency controls, nor a regulated security, not an asset subject to capital gains. The ideal crypto asset is in a state of durable quantum indeterminacy, immune to collapse even when it is observed by a tax-collector.

This may (may!) make crypto immune to some kinds of tax and regulation, but it also means that crypto may be exempt from the protections that are afforded to people who own conventional assets.

Writing in Credit Slips, Adam Levitin examines the (lack of) bankruptcy protection for people who entrust their assets to crypto exchanges. It’s grim reading.

https://www.creditslips.org/creditslips/2022/02/what-happens-if-a-cryptocurrency-exchange-files-for-bankruptcy.html

Almost everyone who uses crypto relies on these exchanges. In theory, it’s possible to manage all your own keys and transactions, but in practice, it’s a complex, error-prone, high-stakes business. Even if you can manage it, the people you’re hoping to transact with likely can’t, meaning that nearly everyone involved with cryptos has an account with one or more exchanges.

And the exchanges don’t have a great history. Mt Gox, the first successful exchange, collapsed in a fraud-riddled bankruptcy. Quadrigacx, Canada’s largest exchange, collapsed when its founder died without any succession plan for the keys needed to access the hundreds of millions he controlled:

https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death

Crypto exchanges, projects and communities keep vanishing overnight as their founders are revealed to be scammers engaged in “rug pulls,” or mere incompetents in over their heads. When that happens, the informal nature of these projects leaves the backers with little or no recourse.

https://web3isgoinggreat.com/

All this is in stark contrast to the traditional finance sector — itself hardly a paragon of fairness and probity, but still far more legally responsible to depositors than, say, Coinbase.

Let’s start with that word “depositor.” Levitin makes a good case that legally, when you “deposit” a crypto-coin with an exchange, it’s a sale, not a deposit, with the “possessory interest” going to the exchange, not you.

If the exchange goes bust, a “bankruptcy estate” is created, and those coins become its property, as do any coins that have been staked (placed in escrow) via the exchange.

Thus you are not a depositor in the exchange, you are a creditor. When trustees oversee a bankruptcy, they line up the creditors based on their liquidation preference. Secured creditors get first dibs on whatever is in the estate. Once they’ve been satisfied, the remainder is divvied up among the unsecured creditor.

In the case of a crypto exchange, the secured creditors are the funds, investors, and financial institutions that extended credit to the exchange. You and your fellow “depositors” are unsecured creditors. You are last in line to gain access to the bankruptcy estate’s assets. If those assets run out before it’s your turn, you get nothing.

But let’s say you were entitled to something when the bankruptcy is finalized — your assets are frozen until that finalization takes place. And if the crypto exchange just happens to be doing a lot of deliberately opaque, complex stuff to dodge taxes and regulation, you might have a very long wait.

How long? Well, Lehmann Brothers incorporated over 6,000 subsidiaries and sister companies in over 100 countries in order to duck taxes, oversight and regulation. When it collapsed, it took more than five years for the bankruptcy trustees to unwind all this complexity. For half a decade, all those funds were frozen.

And even if you do get paid, you’ll be paid at the dollar value of your assets on the eve of the collapse. If your coins double in value over the years it might take to unwind a complex bankruptcy, your pro-rated share will be based on their value when the exchange tanked.

It gets worse. If an exchange declares bankruptcy, it can legally claw back many of the withdrawals its depositors made over the 90 days before the bankruptcy. So if you think Coinbase is looking shaky and take your money out, you’d better hope they last for at least three more months, or you might have to give the money back to the bankruptcy trustees.

Not every bankruptcy locks up every asset. There are exemptions for assets related to conventional securities contracts, swaps, repos and forward contracts that let their owners get them back before the bankruptcy is settled. But none of that applies to exchanges.

Likewise, clawbacks might be prevented if cryptos were definitely regulated securities. Making that happen would involve a bunch of former exchange customers going to court to argue that these were regulated securities all along. You can bet that if they do that, everyone who hasn’t lost their crypto will go to court to argue the reverse, because otherwise, they lose all their regulatory and tax advantages and might have to pay whacking great sums.

Keep in mind, all of this is a feature of cryptos, not a bug. The point of the sound-money delusion is to take money out of the realm of democratic state control and move it into a wild west of caveat emptor and smart contracts.

The current protections for bank depositors were established after ghastly crises that destroyed lives. The goldbug/cryptobug’s insistence on ignoring that history means that they are doomed to repeat it — and take all the naive people who buy into their “investment” schemes with them.

#pluralistic

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kointimes · 5 years ago

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Türkiye'deki BlockchainIST Center Blockchain Projesi Geliştiriyor

Ana ağ lansmanı öncesinde Ava Labs, günlük kullanım için blockchain tabanlı ürünler oluşturmak üzere Türkiye'deki BlockchainIST Center ile ortaklık kurdu. Türkiye'nin ilk üniversite blok zinciri merkezi olan BlockchainIST. Ava Platform'da DeFi ürünlerini geliştirmek için Cornell Üniversitesi'nden Emin Gün Sirer, Ava Labs ile ortaklık kurdu. Basın etkinliği 6 Ocak'ta İstanbul Bahçeşehir Üniversitesi'nde gerçekleşti. BlockchainIST Kurucusu ve Başkanı Bora Erdamar, Bahçeşehir Üniversitesi mezunlarını ve İstanbul Blockchain Okulu öğrencilerinin DeFi ve diğer blockchain tabanlı ürünleri geliştirmek için sağlam bir konsensüs mimarisine ihtiyaç duyduğunu söyledi ve Ava Platformu onlar için mükemmel bir seçimdir dedi: "Ava Labs ile ortaklığımız, CertifyIST gibi projelerimizi daha hızlı bir şekilde geliştirmemize ve insanların bu ürünleri günlük yaşamlarının bir parçası olarak kullanabileceği sağlam bir ortam yaratmamıza ve desteklememize olanak sağlıyor." BlockchainIST, basın toplantısında birkaç blockchain projesi açıkladı. Bunlardan biri "okul diplomaları gibi başarı belgelerini yayınlamak, doğrulamak ve paylaşmak için açık kaynaklı bir blockchain altyapısı" olan CertifyIST idi. Ava Labs'ın platformu, blockchain tabanlı projeleri tamamlamak için daha hızlı, daha erişilebilir ve ölçeklenebilir bir yol sunuyor. Read the full article

#BlockchainIST

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blockchainist-blog · 8 years ago

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Will we soon be able to hold Bitcoin investments in an Isa? – Telegraph.co.uk

Telegraph.co.ukWill we soon be able to hold Bitcoin investments in an Isa?Telegraph.co.ukBritish savers might soon be able to invest in the controversial Bitcoin currency through a stocks and shares Isa. The American regulator, the SEC, is about to decide whether to permit an “exchange traded fund”, which would track the digital currency … and more » The post Will we soon be able to hold Bitcoin investments in an Isa? – Telegraph.co.uk appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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blockpaths · 5 years ago

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#BinanceTurns3 Panel – Türkiye’de Fintech ve DeFi Ekosistemi (Türkçe)

youtube

"* Türkiye’de Fintech ve DeFi Ekosistemi * Bitcoin ile başlayan kriptopara ve blockchain sürecinin finans sistemi üzerindeki etkisi nedir? * Blokzincir Akıllı sözleşme sinerjisinden DeFi ile açık ve merkezsiz borç alma ve verme uygulamaları, merkezsiz borsa ve pazar yerleri * DeFi merkeziyetsiz finans sistemi ve geleneksel finans sistemleri üzerinde karşılaştırma. * DeFi’ın ne gibi avantajları ve dezavantajları var? * DeFi’ın geleneksel finans sistemi üzerinde ne gibi etkileri olacaktır? * Merkeziyetsiz Finans ne gibi olanaklar sağlıyor? * Kripto piyasasında trendlere örnek olarak ICO ve sonrasında IEO’lar verilebilir. Şimdi de DeFi çok konuşuluyor, acaba DeFi da bir trend mi? * DeFi’ın kriptopara piyasasına sunmuş olduğu olanaklar. * DeFi ile Ethereum ilişlisi nedir? Ethereum 2.0 ‘ın gerekliliği. * DeFi konusunda dikkat edilmesi gerekenler. * DeFi’ın gelecekte yapabilecekleri, olası gelişmeleri

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Katılımcılar 1. Oğuzhan Karaciğer: Binance Pazarlama Yöneticisi 2. İsmail Hakkı Polat: Kadir Has Üniversitesi Öğretim Görevlisi 3. Bora Erdamar: Bahçeşehir Üniversitesi Blokchain Teknolojileri Araştırma Merkezi, BlockchainIST Center – Direktör. Dr. Öğr. Üyesi 4. Alp Işık: Bahçeşehir Üniversitesi BlockchainIST Center’da Kriptoekonomi Araştırma Ekibi Koordinatörü

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Daha fazla bilgi edinmek için konferans sonrası özetimizi okuyun: https://bit.ly/39pKhDR

Binance hesabı açın ve işlem ücretlerinden %10 tasarruf edin: https://bit.ly/2ZRIq7A

**********************************

Twitter Bizi Twitter’da takip edin Tweets by Binance_Turkish

Facebook’ta Bizi takip edin https://www.facebook.com/BinanceTurkish

Instagram Bizi Instagram’da takip edin https://www.instagram.com/binance_turkiye/

Telegram’da Sohbet Grubumuz https://t.me/BinanceTurkish

Telegram Duyuru Kanalımız https://t.me/binanceturkceduyur

The post #BinanceTurns3 Panel – Türkiye’de Fintech ve DeFi Ekosistemi (Türkçe) appeared first on BLOCKPATHS.

source https://blockpaths.com/exchanges/binanceturns3-panel-turkiyede-fintech-ve-defi-ekosistemi-turkce/

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thecryptoreport · 5 years ago

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Turkey's University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform

Turkey’s University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform

In advance of its mainnet launch, Ava Labs has partnered with BlockchainIST Center in Turkey to create blockchain-based products for daily use.

BlockchainIST, Turkey’s first university blockchain center, partnered with Cornell University’s Emin Gün Sirer‘s Ava Labs to develop DeFi products on the Ava Platform. The press event took place on Jan. 6 at Bahcesehir University in İstanbul, Turkey.

Bloc…

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#blockchain #Cointelegraph #TCRNews #thecryptoreport #Turkey #Universities

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goforcrypto · 5 years ago

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Turkey's University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform

Turkey’s University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform

Emin Gün Sirer’s AVA Labs partnered with BlockchainIST Center in Turkey.

In advance of its mainnet launch, Ava Labs has partnered with BlockchainIST Center in Turkey to create blockchain-based products for daily use.

BlockchainIST, Turkey’s first university blockchain center, partnered with Cornell University’s Emin Gün Sirer‘s Ava Labs to develop DeFi products on the Ava Platform. The press…

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btcmanager · 6 years ago

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Turkish University Launches Blockchain Center at a Boston University

In a bid to provide the relevant information and infrastructure needed for the study of distributed ledger technology (DLT), Turkey’s BlockchainIST, Bahcesehir University (BAU), the region’s first university-level center for blockchain research, has erected a state-of-the-art DLT center at Bos...

https://btcmanager.com/turkish-university-launches-blockchain-center-at-boston-university/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

#adoption #BAU #blockchain #Blockchain Center #Boston #education #Turkey #United States

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cryptoquicknews-blog · 6 years ago

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New Post has been published here https://is.gd/TsTAQb

Turkish University Opens Blockchain Center at Boston's Northeastern University

This post was originally published here

Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston’s Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7.

Apart from informational support, the BAU–NEU Blockchain Laboratory’s objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey’s presence in the blockchain market and attract specialists in the field.

Commenting on the cooperation, Chair of the BAU Board of Trustees Enver Yücel said that he would also like to start blockchain-related master and doctoral education programs in partnership with the Turkish Exporter’s Assembly. Bora Erdamar, director of BAU’s BlockchainIST Center, added:

“[Blockchain] will directly change all sectors from logistics to trade, from education to health, from energy to agriculture where we need to keep our products and people’s information in a safe environment.”

Blockchain technology has been gaining traction in the educational space. Recently, two South Korean universities, Yonsei University and Pohang University of Science and Technology, collaborated to develop an entire Blockchain Campus with its own cryptocurrency. Within the initiative, a student-centered project aims to increase day-to-day cryptocurrency usage.

The Indian Institute of Management (IIM) Calcutta and training platform TalentSpirit began jointly offering an advanced program in fintech and blockchain technology in February. The program is reportedly targeted at management and finance professionals aiming to educate participants on financial technology growth and its potential impact on the banking and financial ecosystem.

#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website

New Post has been published here https://is.gd/TsTAQb

#Uncategorized

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jacobhinkley · 7 years ago

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The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition

In today’s edition of Bitcoin in Brief we cover a number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency, and demands by Vietnamese victims for an alleged fraudster’s extradition plus an update about Kickico.

Also Read: Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Tsinghua University Research Center

China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has announced an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The stated purpose of the center is developing key technologies to support the blockchain ecosystem in the country, as well as common architectural systems and models needed to support blockchain applications for a range of industries.

Mr. Bin Yang, Vice President of Tsinghua University, noted, “The development of industry-trusted blockchain application technologies has become a vital national strategy for all countries. It is an important goal for us to deeply build digital ecosystems, which once integrated into our economy should speed up China’s economic transition by upgrading the industry standard. The digital transformation has only just begun and the development of industry trusted blockchain applications is expected to have a number of positive impacts for the society.”

Bahçeşehir University Innovation Center

According to media reports from Turkey, the Istanbul Blockchain and Innovation Center was inaugurated on Friday at Bahçeşehir University. It is said to work with students and entrepreneurs who want to conduct academic studies in the field. “The purpose of the BlockchainIST project is to be the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies. To this end, it is crucial to cooperate with other universities, the business world and government institutions,” stated Director Bora Erdamar. “We will strive to train Turkey’s human resources in blockchain and enable the country to lead the world in this area,” he added.

Hartford, Connecticut Chain Valley

Seven Stars Cloud Group, Inc. (NASDAQ: SSC), the fintech firm of Chinese media tycoon Bruno Wu, has announced that it will be establishing its global headquarters for technology and innovation, called Chain Valley, in Connecticut. The company said it will be transforming Uconn’s former campus in West Hartford into a center for research, training, and business development with a $283 million investment expected to create 330 jobs over the next five years.

“We are thrilled to have found such a wonderful spot right here in central Connecticut,” Bruno Wu said. “It is here that the first students to ever leave China, the Mission Boys, settled in the late 1800s to study Western science and engineering. It is in the spirit of these students that we will build a facility so modern and dynamic that it will attract the best talent and companies, making this site the blockchain capital of the U.S. and the world. This fantastic location provides access to a highly skilled workforce, as well as more than 40 institutions of higher learning, and several major metropolitan areas all in proximity of this site. It is an ideal location for our firm to write our next chapter, and we could not be more excited to soon join this wonderful community in West Hartford.”

Vietnamese Ask for Fraudster’s Extradition

Over 1,000 people have signed a Change.org petition asking for the extradition to Vietnam of Le Minh Tam, the CEO of Ho Chi Minh City-based crypto mining scheme Sky Mining. The petition claims that the alleged fraudsters behind the company “invited 5,000 persons with each investment package from $500 to $5000. They used money to buy machine to get Bitcoin and promised to share the profit with investors. But finally, they escaped with all money, estimated $36 million dollars. Their Victims are not only in Vietnam but also in Japan, Africa. Some of the victims borrow money or sold estate to invest, so now lose everything and someone had killed themselves. Cheaters buy house in San Jose California and now stay in Atlanta or Germany. We need them come back to Vietnam to solve problem. Please Expel them from your countries!” According to local media reports, the Vietnamese police said that Tam left the country on July 22 and flew to Doha, Qatar.

Kickico Update

Kickico, which recently recovered 70 million stolen KICK tokens following a hack, has promised to compensate all stolen KICK tokens and soon begin transferring funds to users’ wallets. The team has also reportedly planned an airdrop of a new project’s native coin (called U.Community) to current KICK token holders, and the estimated pool value may reach $40 million. “It was through the vigilance and collaborative efforts of our community and team which led to such a positive result. Clearly the market has positively reacted to our handling of the situation. Together with all the support from our users, this has led to the growth of the token’s value,” said Alexander Spirin, Head of Community at Kickico.

We officially state that the last victim of the hack reported to us, meaning that all KickCoin holders who suffered from the recent situation have been found. The last part of stolen tokens will be returned to its owner within 3 weeks after report. #kickico pic.twitter.com/nAxuJq2YVk

— KICKICO.COM (@KICKICOplatform) August 6, 2018

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition appeared first on Bitcoin News.

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition published first on https://medium.com/@smartoptions

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bowsetter · 7 years ago

Text

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition

In today’s edition of Bitcoin in Brief we cover a number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency, and demands by Vietnamese victims for an alleged fraudster’s extradition plus an update about Kickico.

Also Read: Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Tsinghua University Research Center

China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has announced an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The stated purpose of the center is developing key technologies to support the blockchain ecosystem in the country, as well as common architectural systems and models needed to support blockchain applications for a range of industries.

Mr. Bin Yang, Vice President of Tsinghua University, noted, “The development of industry-trusted blockchain application technologies has become a vital national strategy for all countries. It is an important goal for us to deeply build digital ecosystems, which once integrated into our economy should speed up China’s economic transition by upgrading the industry standard. The digital transformation has only just begun and the development of industry trusted blockchain applications is expected to have a number of positive impacts for the society.”

Bahçeşehir University Innovation Center

According to media reports from Turkey, the Istanbul Blockchain and Innovation Center was inaugurated on Friday at Bahçeşehir University. It is said to work with students and entrepreneurs who want to conduct academic studies in the field. “The purpose of the BlockchainIST project is to be the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies. To this end, it is crucial to cooperate with other universities, the business world and government institutions,” stated Director Bora Erdamar. “We will strive to train Turkey’s human resources in blockchain and enable the country to lead the world in this area,” he added.

Hartford, Connecticut Chain Valley

Seven Stars Cloud Group, Inc. (NASDAQ: SSC), the fintech firm of Chinese media tycoon Bruno Wu, has announced that it will be establishing its global headquarters for technology and innovation, called Chain Valley, in Connecticut. The company said it will be transforming Uconn’s former campus in West Hartford into a center for research, training, and business development with a $283 million investment expected to create 330 jobs over the next five years.

“We are thrilled to have found such a wonderful spot right here in central Connecticut,” Bruno Wu said. “It is here that the first students to ever leave China, the Mission Boys, settled in the late 1800s to study Western science and engineering. It is in the spirit of these students that we will build a facility so modern and dynamic that it will attract the best talent and companies, making this site the blockchain capital of the U.S. and the world. This fantastic location provides access to a highly skilled workforce, as well as more than 40 institutions of higher learning, and several major metropolitan areas all in proximity of this site. It is an ideal location for our firm to write our next chapter, and we could not be more excited to soon join this wonderful community in West Hartford.”

Vietnamese Ask for Fraudster’s Extradition

Over 1,000 people have signed a Change.org petition asking for the extradition to Vietnam of Le Minh Tam, the CEO of Ho Chi Minh City-based crypto mining scheme Sky Mining. The petition claims that the alleged fraudsters behind the company “invited 5,000 persons with each investment package from $500 to $5000. They used money to buy machine to get Bitcoin and promised to share the profit with investors. But finally, they escaped with all money, estimated $36 million dollars. Their Victims are not only in Vietnam but also in Japan, Africa. Some of the victims borrow money or sold estate to invest, so now lose everything and someone had killed themselves. Cheaters buy house in San Jose California and now stay in Atlanta or Germany. We need them come back to Vietnam to solve problem. Please Expel them from your countries!” According to local media reports, the Vietnamese police said that Tam left the country on July 22 and flew to Doha, Qatar.

Kickico Update

Kickico, which recently recovered 70 million stolen KICK tokens following a hack, has promised to compensate all stolen KICK tokens and soon begin transferring funds to users’ wallets. The team has also reportedly planned an airdrop of a new project’s native coin (called U.Community) to current KICK token holders, and the estimated pool value may reach $40 million. “It was through the vigilance and collaborative efforts of our community and team which led to such a positive result. Clearly the market has positively reacted to our handling of the situation. Together with all the support from our users, this has led to the growth of the token’s value,” said Alexander Spirin, Head of Community at Kickico.

We officially state that the last victim of the hack reported to us, meaning that all KickCoin holders who suffered from the recent situation have been found. The last part of stolen tokens will be returned to its owner within 3 weeks after report. #kickico pic.twitter.com/nAxuJq2YVk

— KICKICO.COM (@KICKICOplatform) August 6, 2018

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition appeared first on Bitcoin News.