100 BTC Whistleblower Reward



In today’s edition of Bitcoin briefly we cover a couple of stories that show how the cryptocurrency industry is attempting to police itself. One group of companies has begun functioning on the formation of a self-regulatory organization and another has created a 100 BTC whistleblower reward pool.

Crypto Self-Regulatory Organization

A number of corporations have collectively formed a working group to do and establish an industry-sponsored, self-regulatory organization (SRO) for cryptocurrency marketplaces operating in the USA. Initial participants in the Virtual Commodity Association (VCA) working group will include: Bitstamp, Bitflyer USA, Bittrex, and Gemini Trust. The VCA will have an executive director, independent board, and be tasked with establishing a framework for industry best practices. The VCA interim executive director will be Maria Filipakis, former executive Deputy Superintendent at the new york Department of financial Services (DFS) which created the state’s Bitlicense.

“We’re proud to be a section of the Virtual commodity Association as a way to add another component of protection for consumers,” stated Nejc Kodrič, Bitstamp chief executive officer. “We believe in the value of self-regulation, which we pursued in Europe nearly from our inception, and look forward to following a similar path in the U.S. those that can’t or won’t accommodates regulations put consumers – and their own operations – in danger.”

100 BTC Whistleblower Reward

Another group of actors in the business (including Ecoinmerce, ICO Alert, GZH, Step VC, and New Economies) has created the Crypto Community Watch, a program that provides an anonymous tip line to report wrongdoing. The group has provided a total of 100 BTC to be used as a reward pool for whistleblowers, that means people with information on fraudulent or illegal activity from within the industry. They explain that if reported information leads directly to the arrest or legal punishment of a bad person, the whistleblower liable for it will receive a portion of the reward pool. and every one submissions will be investigated by Crypto Community Watch members and sent to applicable law enforcement agencies when appropriate.

“From the recent exchange hacks to the nearly-weekly reports of fraudulent projects taking off with investors’ money, it’s clear that crypto has a drawback,” said Ecoinmerce COO Rex Chen. “Enough is enough. It’s up to the industry first and the regulators second to clean up the ecosystem. If you spend your time hacking, scamming, or intentionally misleading investors, your time is up.”

Komentar

Posting Komentar

Postingan populer dari blog ini

Tries to Steal Crypto Through Fake Google Chrome Wallet Extensions by Mystery Hacker

Gambar
Harry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, said in a report Tuesday that Google has so far removed 49 extensions that purported to be well-known crypto wallets from its Chrome Web Store. The fake extensions are basic phishing plays. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds. The fakes detected have so far claimed to be wallets such as Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus, and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or that they are only interested in comparatively large balances. On the Chrome Web Store, most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Rus
Baca selengkapnya

Amid Nth Room Sexual Exploitation Case Rumors,Huobi Korea Delists XMR

Gambar
Huobi Korea announced on April 8 that they might be ending support for Monero (XMR) trading starting on April 9, 2020. They stated that this was thanks to "low trading volumes and anonymity functions". They didn't , however, reference the recent Nth room case, during which South Korean media has speculated the exploitation ring used XMR to finish anonymous transactions. According to the South Korean newspaper, Sisa Journal, headlines covering the sexual exploitation case remained rampant within the country, with many news outlets suggesting that Monero has been used for criminal acts, specifically within the Nth case. The quoted case is an ongoing criminal investigation that allegedly involved sexual exploitation and therefore the distribution of videos containing rapes among Telegram chat rooms. Bithumb still lists XMR in South Korea despite the reports Sisa Journal is additionally reporting that another cryptocurrency exchange, Bithumb, has been struggling for
Baca selengkapnya

How Might I Do Online Advertising?

Gambar
Numerous online organizations begin on a constrained spending plan and figure they can't figure out how to pay for advertising. Fortunately, there are presently a lot a bigger number of alternatives to begin online advertising than even only a couple of years back. Surprisingly better, there is certifiably not a sharp expectation to absorb information to have the capacity to utilize them and get a decent profit for your venture. Paid advertisements do cost cash, however, they're adaptable, so when you produce a powerful promotion, you can build your spending to demonstrate your advertisements considerably more, for more traffic and benefits. PPC Networks PPC represents Pay Per Click. As the name suggests, you possibly pay on the off chance that somebody taps on your advertisement. There primary two PPC systems. Google AdWords This is the most notable system. It demonstrates promotions all alone internet searcher results pages and on a scope of different locales. A porti
Baca selengkapnya