Weekly Pivots
(Taken on 2/24/2019 at 19:07:30 PM US East Coast Standard Time from DailyFX)
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Business
Zuckerberg’s Offering
In a recent interview with Harvard Law professor Jonathan Zittrain, Zuckerberg revealed that Facebook is exploring account authentication methods with use cases. All of this is part of Facebook’s new effort to repair their public image concerning data security following a myriad of breaches and government investigations.
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Technology
Crypto Wallet on Samsung Galaxy S10 Confirmed
Several weeks ago we detailed rumors suggesting the Galaxy S10 would have a built-in crypto after a screenshot of on the app surfaced. This is now a lock-in, as the phone was available for hands-on testing after its unveiling last week. The phone has a built in “keystore”, which maintains private keys, and a and interface with and pre-installed. There is an option to add further , which will be available is uncertain. The crypto community has celebrated this as a legitimization of and a huge step forward in . The Galaxy S7 was one of the highest selling phones of all time, but sales have waned since. Nonetheless, the prospect of ten million or so flagship smartphones with pre-installed and ETH wallets bodes well for the industry.
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Scandals
User Pays over $300,000 in fees for $15 worth of
An extremely suspicious transaction occurred on Feb 19th, when 0.1 ETH was sent with a transaction fee of 1200 ETH, worth just over $300,000 at the time . Although the most obvious explanation of this is an error commonly referred to as a “fat finger”, many are speculating that a more devious reason is behind the ludicrous self-decided fee. The in question has a history of similar transactions, including 840ETH for a 0.2ETH transaction. This should completely rule out the fat finger theory, as nobody who has ever lived would make a mistake like that twice. Reddit users have speculated that this may be an elaborate money-laundering ploy, as these transactions are always mined by the same miner and are not broadcasted publicly. This suggests a system of “washing” which had been previously stolen or otherwise ill-gotten. By receiving the as a transaction fee instead of a direct transfer, there is less likelihood of having “dirty” coins tracked through the and linked to the culprit. In this instance, the enormity of the fee seems to have raised too much suspicion, though it is now apparent such a procedure could be easily done with smaller amounts as an effective laundering mechanism.
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Regulation
Pushes Two Crypto ’s to Federal Register
There has been a new push to put two crypto ’s on the Federal Register. Once on the register, the has 45 days to propose , specifically “approving, denying, or delaying” new motions. Currently, the is considering proposals from “Bitwise Asset Management & NYSE Arca and CBOE, anEck, and SolidX Partners.”
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Education
University of Michigan Invests $11.9M in Crypto Fund
The top-tier University has invested in a fund managed by Andreessen Horowitz. Looking to increase their holdings in what they determine to be “new and exciting technology”, the University hopes to have a better position within the community. This move follows their efforts to create classes modeling technology engineering, one of the hottest jobs right now according to LinkedIn.
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Further readings we found interesting!
- SoftBank’s Top 2 Investors Complain About Overpayment For Tech Companies
- bitcoin Blows Past $4,100, Is It a Dead Cat Bounce?
Published at Mon, 25 Feb 2019 02:44:51 +0000
![The little known secrets to growing your wealth in bitcoins [tulsa]](https://ohiobitcoin.com/storage/2018/05/wLtk7t.jpg "The little known secrets to growing your wealth in bitcoins [tulsa]")
