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Crypto’s Mark Zuckerberg Pitches ‘SpaceX Coin’ to Elon Musk

Crypto’s Mark Zuckerberg Pitches ‘SpaceX Coin’ to Elon Musk

By CCN.com: The CEO of Binance, the world’s largest bitcoin exchange, is courting Elon Musk to hop on the crypto bandwagon by teasing a proprietary SpaceX cryptocurrency.CZ: Crypto can finance space explorationBinance CEO Changpeng Zhao made the pitch on Twitter, where he quipped:“SpaceXcoin, Elon Musk. Space exploration shall be funded globally using crypto. Investors shall have their names inked on the blockchain.”Zhao has been called the “Mark Zuckerberg of Crypto” for his pioneering efforts with Binance, which has rocketed become the No. 1 cryptocurrency exchange in the two short years since it launched in 2017.Zhao earned the moniker from the hosts of the popular podcast Coin Talk, who compared CZ to Zuckerberg, who mainstreamed social networking.Space exploration shall be funded globally using #crypto. Investors shall have their names inked on the blockchain.— CZ Binance (@cz_binance) May 1, 2019Bitcoin bros pursue Elon MuskFor several years now, crypto shills have been trying to woo Elon Musk on Twitter. Presumably, they hope that having the Tesla and SpaceX CEO — whose net worth tops $20 billion — would lend legitimacy to the nascent industry by becoming a crypto evangelist.On April 29, Musk caused a frenzy when he nonchalantly tweeted the single word “Ethereum.” Minutes later, Musk jokingly followed up by tweeting “jk (just kidding).”Not surprisingly, crypto bros immediately pounced, urging Musk to buy bitcoin, Tron, and every other cryptocurrency imaginable.At one point, Musk asked Ethereum co-founder Vitalik Buterin to explain what can be developed on the Ethereum blockchain. Buterin stepped to the mic and delivered his best 13 suggestions.jk— Elon Musk (@elonmusk) April 30, 2019What should be developed on Ethereum?— Elon Musk (@elonmusk) April 30, 2019Musk praises bitcoin but owns no cryptoDespite being an avowed technophile, Elon Musk does not own crypto, as CCN reported.“I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago,” Musk confessed on Twitter in February 2018.In February 2019, Musk warmed up a bit and remarked that bitcoin’s structure “is quite brilliant.” But Musk admires crypto from a distance, despite the wishes of the crypto community, which is desperate to claim him as one of their own.Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.— Elon Musk (@elonmusk) February 22, 2018Musk jokes: ‘Cryptocurrency is my safe word’In April 2019, Musk caused another frenzy when he joked that “cryptocurrency is my safe word.”The South African mogul was reacting to a Twitter user who joked that he’s annoyed because Australian entrepreneur Craig Wright isn’t suing him for denying that Wright is Satoshi Nakamoto, the mysterious inventor of bitcoin.Cryptocurrency is my safe word— Elon Musk (@elonmusk) April 13, 2019Wright, a computer scientist, has repeatedly claimed that he’s Nakamoto but has yet to offer verifiable proof.In April 2019, Wright sued crypto podcaster Peter McCormack, saying McCormack defamed him when he called him “a fraud” and said he was lying.Wright is seeking damages of £100,000 (or roughly $130,000) in his libel lawsuit. That’s not a significant amount for such a lawsuit.‘Bitcoin Creator’ Craig Wright Drags Critics to Court to ‘Prove’ He’s Satoshi https://t.co/Z4nkNGitaQ— CCN.com (@CCNMarkets) April 18, 2019Rumors swirled that Elon Musk is SatoshiIn November 2017, Musk denied rumors that he was Satoshi Nakamoto. The speculation erupted after a former SpaceX intern wrote a blog post declaring that “Satoshi is probably Elon.”On his 2017 blog post, former SpaceX intern Sahil Gupta posited that:Satoshi Nakamoto is probably Elon Musk.Elon Musk is today’s Ben Franklin.Bitcoin could be more useful with Elon’s guidanceMusk: I am not Satoshi NakamotoGupta reasoned that it only makes sense that Musk is Satoshi because “Elon is a self-taught polymath” who has repeatedly innovated across fields by reading books on a subject and applying the knowledge. He explained:“It’s how he built rockets, invented the Hyperloop (which he released to the world as a paper), and could have invented Bitcoin.”“Elon has said publicly he doesn’t own any bitcoin, which is consistent with a ‘Good Satoshi’ who deleted his private keys.”“Elon – if you are Satoshi, thank you. If not, well, thanks for the Tesla Roadster.”Musk responded to the rumors by denying that he invented bitcoin.P.S. – Musk isn’t the only entrepreneur in his family.Elon Musk isn’t the only entrepreneur on his family tree. Here’s a look at the rest if the members in the Musk clan. https://t.co/KhFlM5MAto pic.twitter.com/PEHRoiL8uV— CNBC (@CNBC) May 1, 2019
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Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

In the past seven weeks, white hat hackers earned at least $32,150 by fixing security flaws in popular cryptocurrency and blockchain platforms like TRON, Brave, EOS and Coinbase.
According to data reviewed by Hard Fork, 15 blockchain-related firms have paid rewards to security researchers between March 28 and May 16, split across 30 publicly-released bug reports.

Omise, the software firm behind cryptocurrency OmiseGo, fielded the most fixes (six). Blockchain-powered prediction market Augur disclosed three reports, as did Brave Software, makers of the Brave browser, which features its own native token.

Projects adjust their HackerOne rewards to the severity the discovered security flaws. Whilst the majority of Omise’s reports were only worth around $100 each, other payments in the past seven weeks were much higher.
Block.one, the firm behind the EOS “blockchain,” rewarded one hacker with $10,000 for a single fix, as did budding network Aeternity.
TRON also paid $3,100 to the researcher who realized the network was susceptible to being flooded with malicious smart contracts, which would have brought its blockchain to a screeching halt.
The amount of hackers who prefer to fix security issues seems to be remaining steady — but sometimes they can make off with much bigger amounts exploiting vulnerabilities themselves.
Indeed, cryptocurrency exchange Binance revealed attackers had successfully stolen 7,000 BTC (then $40 million, now $55 million) from its own wallets last week.
Coincidentally, Binance runs its own bug bounty program with a maximum reward of $100,000 for the most critical of vulnerabilities. The Binance hacker remains at large.

Published May 20, 2019 — 15:21 UTC

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ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform

ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform

Despite abandoning plans to build its own Bitcoin wallet, ABN AMRO is not quite done with blockchain tech.
The Dutch banking giant has announced plans to launch a decentralized trade inventory platform in collaboration with Accenture and ING Bank, according to a press release (spotted by CoinDesk).

Codenamed Forcefield, the project will employ Internet-of-Things (IoT) devices to provide “real-time insight into trade inventories.” ABN AMRO claims the platform’s monitoring features “will lead to more secure physical handling processes and a reduction of costs.”
Upon launch, the project will focus on “refined metals,” but “functionality will be expanded across other dry bulk commodities” in the future.
In addition to ING and Accenture, a number of other companies – including Anglo American, CMST International, Hartree Partners, Macquarie, Mercuria, and OCBC Bank – have also signed a memorandum of understanding to join Forcefield.
Back in January, ABN AMRO teased plans to develop its own cryptocurrency wallet, called Wallie. But as Hard Fork reported, the bank has now ditched Wallie as cryptocurrencies are still “too risky.”
“We have approached all the people who have shown interest,” ABN AMRO press officer Jarco de Swart told Hard Fork. “We have concluded that cryptocurrencies because of their unregulated nature are at the moment too risky assets [sic] for our clients to invest in.”
ABN AMRO and ING are hardly the only banks looking to get in on the blockchain hype. Indeed, leading banks – including Barclays and HSBC – reportedly poured $50 million into a blockchain-based digital cash system, expected to launch in 2020.

Published May 20, 2019 — 15:00 UTC

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