Stranger People Than John Has Run For Presidency........

Details have so far been murky regarding millions of
dollars worth of tokens stolen from New Zealand-based
cryptocurrency exchange Cryptopia on Jan. 14. But data
company Elementus has been investigating and now
says the hack was different from previous attacks of this
nature – and the amount stolen is much higher than
originally thought.

Details Becoming Clearer in ‘Weird’ Hack
Last week Cryptopia became the latest exchange to be
hit by an attack. The Christchurch-based platform had
initially announced that it had taken down its services for
“unscheduled maintenance” before revealing it had
“suffered a security breach which resulted in significant
losses.” Since then, details have been unclear and the
amount lost has not been made public. Police in New
Zealand announced that they were working with the
exchange to figure out precisely what happened.

But data firm Elementus has since started to provide
information , including figures revealing how much was
taken, which it claims to be around $16 million in
ethereum (ETH) an ERC20 tokens. The company told
news.Bitcoin.com that this hack was particularly unusual
as the theft was conducted in a number of small
operations using a number of wallets.

“Many different wallets were involved, which is weird.
With other hacks we have seen in the past, they just took
the money and tried to launder it in one shot. But this
guy has been very careful and has done many transfers
in small amounts,” Nuria Gutierrez, the co-founder
of Elementus said. “I guess it’s smart – and cheap.”
Gutierrez added that stealing tokens in small amounts
and with many wallets it a better way to avoid detection
and being traced.

Elementus revealed data showing that of the of the $16m
that was stolen, the vast majority remains in two wallets
controlled by the thieves. The hackers have been
shuffling the funds around in small pieces and gradually
moving them into exchanges to cash out. Over 76,000
different wallets, none of which were smart contract-
based, were used, meaning the thieves must have gained
access to not one private key, but thousands of them,
according to Elementus. And instead of withdrawing the
funds as fast as possible, they took their time extracting
the assets over the course of nearly five days after
Cryptopia realized they were being stolen from.

A Slower Than Usual Hack
“The lack of urgency on the part of the thieves is
striking,” Elementus said. Normally hacks are done fairly
quickly, with hackers discovering a vulnerability in a
wallet’s smart contract code, which allows them to
empty its funds, or when someone is able to get a hold of
a wallet’s private key and simply withdraws the funds
into their own blockchain wallet.

It is possible that future hackers may try and copy the
Cryptopia technique in order to avoid detection.
Elementus said that the exchanges should be freezing
these funds as soon as they arrive, adding that there are
“no excuses. On the blockchain there is nowhere to hide,
and no reason 100 percent of these transfers should not
have been frozen immediately.”

Police in New Zealand have since said the investigation
into the Cryptopia hack is “very complex” and that
“positive lines of inquiry are being developed to identify
the source of the transfer,” but it will take some time to
complete, according to local media .

https://news.bitcoin.com/

I fit collect anyone o.. all of them depends on the value of the gift wey I wan collect, if the cash plenty pass the crypto asset, I no go waste time at all to collect cash, but if na the same value them be, I fit go for crypto asset depending on how the market dey move for that time

My broda u sabi d koko!

Cash dey important, but CRYPTO assets dey importanter, I prefer CRYPTO assets because at the long run the returns dey always dey massive

oh men dis one importanter gada serious weight!

Dat one be say dis one dem dey thief small small we dey cry, if dem come carry crypto enta naija full time ehn, d stealing no go get part 2! Bcuz person no go fit trace am. Dem go just dey hide all d money inside btc. So for me, I no see how crypto go help awa economy at all.

I don't really get what you are trying to say in your thread but from the answers of others, I believe you are asking if investors will the confident to invest in the present market? Hope I got that right!
Well from my point of view, it depends on their mindset when entering into the cryptosphere.  To some, it is an opportunity to get good coins cheap while others might be a bit leery considering the fact that the market is still trying to come back.

XRP should not be classified as a security, according to
Mati Greenspan, senior market analyst at eToro. That said,
Greenspan says that the XRP community’s behavior has
been counter-productive to adoption by the banking sector.
Asked for his views on XRP, Greenspan confirmed he is
still “bullish” on the payments settlement token. In a
webinar this afternoon,  he said that the token could disrupt
the entire banking system.  He also argued that XRP should
not be classified as a security in the US, and that its
characteristics more closely resemble those of a utility
token.

“XRP is not a security, in my personal opinion”, Greenspan
said. “My best understanding is XRP is logically a utility
token [but] the SEC may see things differently.”

Greenspan nonetheless expressed reservations, principally
for the behavior of its online community. Although XRP’s
large following has been very effective in raising
awareness, it also has an aggressive side: in the
fans attempting to bully banks into adopting XRP.
“The negative side to [XRP’s online community] is
aggressiveness,” Greenspan said. “Floods of people are
attempting to force banks to accept XRP.”
Greenspan argued that this aggressiveness may be pushing
the financial institutions away. Banks that had publicly
considered adopting XRP later decided against it, largely
because of the unruly online community, he said. This
behavior may be harming XRP’s chances of mainstream
adoption .

Winning the Hashtag War
No community is quite so active as XRP’s. The self-styled
“#XRPArmy” has been vocal on a number of issues,
especially surrounding XRP’s regulatory status in the US.
They have also demanded a listing on popular
cryptocurrency exchange Coinbase.

The community’s behavior has become so overbearing that
some are beginning to block them entirely. Jackson
Palmer, the creator of Dogecoin (DOGE) , had his own
individual battles with what he described as a “toxic
dumpster fire of a community.” In December, Palmer
published an open source script for Twitter called ‘XRP
away.’ When enabled, the script automatically blocks
anyone from mentioning a user who has the term ‘XRP’
mentioned in any part of their profile.

Palmer’s experience wasn’t unique. Daniel Floyd, writing
for Coindesk , came under heavy attack from the XRP
community – not in response to any article that he had
written, but merely for approaching leading figures for
comment.

Add it to the list
Not everyone believes XRP will be adopted by the banks.
Nano’s (NANO) founder, Colin LeMahieu, told Crypto
Briefing last month that it was too slow and centralized for
the banks.
Greenspan shared some of the same concerns, as Ripple
Labs, the token’s creator still owns nearly 60% of the total
supply. This, he felt, could make it a risky asset with a high
selling pressure, making the token’s value difficult to
stabilize.
Greenspan is a long-term holder of XRP, having bought his
first tokens back in May 2013. But as he explained, the
project’s viability rests almost entirely on financial
institutions. Most of these companies treasure their public
image; they could be put off from joining forces with a
project with an aggressive and uncontrollable online
community.

Despite its sleek image, XRP has multiple problems that
it needs to iron out. Attention has mostly focused on its
regulatory status and use case; an unruly community might
also belong on the list.

https://cryptobriefing.com/

A class action lawsuit that was filed in April of 2018 has
commenced against the creators of the Nano ( NANO)
cryptocurrency, in which the plaintiffs allege that developers
“violated federal securities laws.” The lawsuit is being handled by
Silver Miller Law and Levi Korsinsky, LLP, both US-based firms
specializing in securities fraud and/or investment loss.

Specifically, the suit claims that developers of Nano - which was
previously called “RaiBlocks” before a rebrand earlier this year -
“recklessly” encouraged plaintiffs to buy the cryptocurrency on a
little known Italy-based exchange called BitGrail, which at the
time hosted most of RaiBlocks’ trading volume.

BitGrail (now apparently non-functional ) claimed to be hacked last
February, but was generally accused of conducting an exit scam .
The event caused the value of then-RaiBlocks to plunge 20% in
price. Almost $200 million worth of RaiBlocks tokens were either
stolen or removed from the exchange.
Notably, the founder of BitGrail Francesco Firano asked the
RaiBlocks(/Nano) developers at the time to hardfork the currency
in order to return users’ funds to them, à la the Ethereum hardfork
which birthed Ethereum Classic. The developers refused.
However, the current lawsuit formally requests that Nano
developers conduct such a “‘rescue fork’ or some other procedure”
in order to reimburse burned investors.

Securities Violation
There are altogether eleven charges brought against the team, two
of them being often-cited violations of Sections 12(a)(1) and 15(a)
of the US Securities Act of 1933 .
The filing claims that “the success of the investment opportunities
and any potential returns thereon were entirely reliant on
Defendants’ ability to maintain and expand the functionality and
popularity of [RaiBlocks/Nano], thus providing financial returns to
investors.”

Whether or not - and which - cryptoassets are considered
securities under US law is still a murky and inchoate issue.
Although at least two of the best known digital assets, Bitcoin and
Ethereum, have been grandfathered in as non-securities, perhaps
the next-best known one - XRP - is still languishing in legal limbo.

https://www.cryptoglobe.com/latest/2019/01/

CEX.IO will support the
Ethereum Constantinople upgrade, which is estimated to happen
between 14 and 18 January 2019.

The Ethereum Constantinople upgrade – originally planned for
November 2018 but actually taking place in January 2019 – has
been a part of the Ethereum roadmap for a long time. With
Constantinople, network developers are implementing software
updates to make the Ethereum network cheaper and more
efficient.

CEX.IO is making all required technical adjustments to enable
support for the Constantinople upgrade. Right before the
upgrade, we will stop ETH deposits and withdrawals in order to
secure users’ funds, as that is our main priority. After the
Constantinople upgrade has been successfully completed, all
Ethereum holders will be able to trade their coins on CEX.IO as
usual. Additionally, if the chain were to split, all users with ETH
on their balances at the time of the fork will receive new coins.
“With more than 2.7 million users, CEX.IO is working on the
reliable products and services to maintain the trust of millions of
our clients across the globe. Each and every product should
bring the highest value to the users by providing simple and
effective solutions for their financial needs.” — Elaine Neal,
CEX.IO Chief Product Officer.

About CEX.IO
A UK-based multi-functional cryptocurrency exchange
established in 2013, CEX.IO provides a rich variety of trading
tools for Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Zcash,
Dash, Ripple, Stellar, and Litecoin. These cryptocurrencies can
be traded for USD, EUR, GBP, and RUB.

CEX.IO provides a variety of payment options including credit
and debit cards as well as reliable and timely wire transfers. The
company strives to offer the best cryptocurrency trading
experience and the most convenient service to its customers.
Since April 2016, CEX.IO clients have processed over 1 billion
US dollars via Visa and Mastercard cards.
The CEX.IO exchange repeatedly passes PCI DSS certificate
renewal to validate compliance, allowing it to process, transmit,
and store credit card data.

CEX.IO is among the founders of CryptoUK, an association
started by major cryptocurrency players to represent the
interests of exchanges, trading platforms, intermediaries, and
asset managers, among other stakeholders. CryptoUK is aimed
at building cooperation with authorities in the UK, such as the
FCA, to develop an appropriate operating framework for crypto
businesses.

With more than 2.5 million users across the globe, CEX.IO
provides stable services backed by cold cryptocurrency storage,
financial viability, high security, and KYC and AML best
practices. Since 2015, CEX.IO has held MSB (Money Services
Business) status with FinCEN , a bureau of the US Department of
the Treasury. As a registered MSB, CEX.IO has proved that the
company complies with Bank Secrecy Act requirements
applicable to financial institutions as well as to each of the
specific requirements applicable to MSBs.

http://www.pressat.co.uk/releases/