Bitcoin – Global Phenomenon Now Impossible to Ignore ...

book review: Pay the Devil in Bitcoin: the story of the collapse of Mt. Gox [by me]

book review: Pay the Devil in Bitcoin: the story of the collapse of Mt. Gox [by me] submitted by dgerard to Buttcoin [link] [comments]

Bitcoin Daily: SEC To Review Bitcoin ETF Decision, Mt. Gox Creditor Claims Process Starts

Bitcoin Daily: SEC To Review Bitcoin ETF Decision, Mt. Gox Creditor Claims Process Starts submitted by leftok to atbitcoin [link] [comments]

Bitcoin Remains Firm Despite Mt.Gox Now Offering Former Users to Claim Back Their Lost Coins: BTCManager’s Week in Review

Bitcoin Remains Firm Despite Mt.Gox Now Offering Former Users to Claim Back Their Lost Coins: BTCManager’s Week in Review submitted by MundoMoedas to Cryptochillout [link] [comments]

BTCManager’s Week in Review – Bitcoin Plummets Below $6,000 Mark as Bithumb Gets Hacked and Mt.Gox Creditors Reimbursement to be in BTC/BCH

BTCManager’s Week in Review – Bitcoin Plummets Below $6,000 Mark as Bithumb Gets Hacked and Mt.Gox Creditors Reimbursement to be in BTC/BCH submitted by TheHack3rman to Cryptalk [link] [comments]

Mt. Gox bitcoin exchange review

Mt. Gox bitcoin exchange review submitted by alanX to Bitcoin [link] [comments]

Mt. Gox Bitcoin Exchange review thread

Please post reviews, complaints, and suggestions for others based on your experience using Mt. Gox in this thread.
Company website: https://mtgox.com/
submitted by mesamunefire to BetterBitcoinBureau [link] [comments]

Bitcoin News in Review: GAW, Winklevoss ETF, Mt. Gox Fraud, Bitcoin Price ...

Bitcoin News in Review: GAW, Winklevoss ETF, Mt. Gox Fraud, Bitcoin Price ... submitted by VivaLaPandaReddit to Bitcoin [link] [comments]

Bitcoin News in Review: Bitcoin Price, Mt Gox, Cloud Mining, And More

Bitcoin News in Review: Bitcoin Price, Mt Gox, Cloud Mining, And More submitted by VivaLaPandaReddit to Bitcoin [link] [comments]

Bitcoin News in Review: Mt. Gox Fraud, Ripple, ECB’s Stance on Bitcoin, and More

Bitcoin News in Review: Mt. Gox Fraud, Ripple, ECB’s Stance on Bitcoin, and More submitted by cryptocurrencylive to CryptoCurrencyLive [link] [comments]

Day In Review: Mt. Gox, New Bitcoin White Paper Author, And New Regulated Bitcoin Exchange

Day In Review: Mt. Gox, New Bitcoin White Paper Author, And New Regulated Bitcoin Exchange submitted by Emperion6 to CryptoCurrency [link] [comments]

Canaries In The Coal Mine? The Customer Experience At BlockFi, Celsius, Crypto.Com And Nexo Compared

Looking for another way to find out which crypto lender I can trust, I started reading through complaints on Reddit.
The assumption is that customer complaints are like the canary in the coalmine... When something is wrong in a big way, complaints are obvious warning signs. Like people complaining about Quadriga or Mt. Gox before disaster "suddenly" happened.
The problem is that every company has non-trivial complaints... Every company. So I started checking to see if the complaints get fixed. Here are the categories
Over the next few(ish) weeks, I'll write separate posts about the first 5. I'm not going to post about UX or fiat bridges because I think these problems
As for the companies reviewed? Cred gets left out because having the option to withdraw crypto at any time is a minimal requirement. Other players get left out because they
BlockFi gets included because, while its Reddit activity is weak, it does get a lot of mentions in the news - good and bad.
submitted by thegoldlust to Crypto_com [link] [comments]

Canaries In The Coal Mine? The Customer Experience At BlockFi, Celsius, Crypto.Com And Nexo Compared

Looking for another way to find out which crypto lender I can trust, I started reading through complaints on Reddit.
The assumption is that customer complaints are like the canary in the coalmine... When something is wrong in a big way, complaints are obvious warning signs. Like people complaining about Quadriga or Mt. Gox before disaster "suddenly" happened.
The problem is that every company has non-trivial complaints... Every company. So I started checking to see if the complaints get fixed. Here are the categories


Over the next few(ish) weeks, I'll write separate posts about the first 5. I'm not going to post about UX or fiat bridges because I think these problems


As for the companies reviewed? Cred gets left out because having the option to withdraw crypto at any time is a minimal requirement. Other players get left out because they


BlockFi gets included because, while its Reddit activity is weak, it does get a lot of mentions in the news - good and bad.
submitted by thegoldlust to CelsiusNetwork [link] [comments]

Does anyone have any experience using Casa to buy and hold BTC?

Does anyone have any experience using Casa to buy and hold BTC?
The multisig feature seems really interesting but I can't find any reviews online. For either, the multisig or newly launched custodian app. I am guessing this is due to how new the service is. Everything I can find refers to the node product they sell
I used Mt. Gox in the past and got hacked, which put me off bitcoin for many years. I was tempted back to BTC when Goldmoney started providing offline custodianship than after a few months of them offering the service they closed down their crypto department.
Recently I have been stacking sats buying from coinbase and sending them to a Trezor. Which has been good but the high CB fees and the worry of having my keys in a lockbox at home has left me looking for other ways to buy and securely hold my crypto.
Would anyone recommend them?
submitted by JeffreyBeaumont89 to BitcoinBeginners [link] [comments]

XT.COM CEO Weber was invited to attend Hacken’s online AMA Event

XT.COM CEO Weber was invited to attend Hacken’s online AMA Event
At 10:00 on the evening of September 24, XT.COM CEO Weber WOO and Haken, the world's leading cyber security consulting company, launched an online AMA with the theme of "Future Development of XT.COM". Weber talked about XT.COM's history, team, business development and attitude towards the development of the blockchain industry. When talking about the future market trend of XT.COM, Weber said, "XT will continue to explore markets in Europe, Southeast Asia, South Asia and South America in the future, and further strengthen XT's international market."
The community members actively presented their questions following the event. Congratulations to the four users u/Nos Tha u/brucelee199 u/DanielleStelle u/brunoiat, getting rewards for putting up questions.

https://preview.redd.it/dp6zmy7fv8p51.png?width=1280&format=png&auto=webp&s=e76a3bb2da20084b5074ee077347ab0446d5e430
For those missing the broadcast, Mr.XT has compiled the content for everyone~ Let’s get a review~
Host: Dyma Budorin | Hacken CEO
Guest: Weber WOO | XT.COM CEO
Dyma:Please introduce yourself a little.Where are you from?When were you involved in crypto?
Weber:Hello Hackeners. I am Weber Woo from the XT.COM exchange. I am glad to be invited here to share something about the XT exchange, XT team, and also myself. I am from Shanghai, China. When I was studying MBA at school in 2012, I read an article in Business Week about Bitcoin being very popular in Iran. Because of sanctions, many Iranians bought bitcoin to transfer their assets to overseas. That was the first time I heard about crypto.
Dyma:What experience do you have in crypto? Trading? Mining? Investing? Holding? Only positive experience or negative, too?
Weber:I will talk about my experience in Blockchain, and also my team.
In 2013, after my friends involved in Bitcoin, I also started to pay more attention to it. We began to mine Bitcoin.
From 2013-2016, we are more focused on mining and trading. We have 100,000 mining machines in our mining factory, located in Yunnan, Sichuan province in China. Of course, most of them are owned by our customers.
At the end of 2016, we started our mining pool business. Our mining portfolio included BTC, ETH, ETC, ZEC, SC, DCR. We had 5%of ETH computing power at the peak.
At the beginning of 2017, we invested a crypto exchange in China. But it was stopped in September 2017, because of China's new policies.
In the middle of 2018, we started the XT exchange in Seychelles, headquartered in HongKong.
Dyma:Have you ever been hacked?
Weber:I've never been hacked directly But lost my Bitcoin from the MT. Gox hack in 2014. That taught me a lot to keep crypto-assets safe.
The MT. Gox incident also reminded our team and me to take security measures very seriously when running the XT exchange.
Business
1.We know that XT has more than 1 millionn global users. You might have a big team. How many people? What idea does unite them?
Currently, XT has more than 80 employees comprised of the C-level team, technical developers, marketers, and business developers. More than 40% of our team have Postgraduate educational background. Our team comes from previous companies like Alibaba, Tencent, China Unicoin, Bosch, LG, and more.
Everyone on the team has a high level of understanding of what opportunities blockchain can and does provide for the world.
2.XT was introduced in 2018 — just in the beginning of crypto winter. Was it hard to start in such conditions? How did you motivate yourself and your colleagues?
Since XT started in a bear market, it was easier for us than other exchanges to stay agile and motivated.
We continued to grow our team and focus on building an exchange that protects its users and listens to what they want.
Understanding that just like any market, crypto goes through market cycles too. We stayed motivated and focused on being ready for the next bull market.
We already spend seven years in the blockchain industry. The bear market is an excellent opportunity to start a new business to save costs and talent recruits.
3.Is it really hard to be a Chinese crypto exchange nowadays?
As I said before, the XT exchange was registered in Seychelles, headquartered in HongKong. We are not officially a Chinese crypto exchange.
Half of our users are from other global markets than China. We are the most popular in Korea and Japan.
Of course, Crypto is still very popular in China, especially recently, with the rise of DeFi. Investors are smarter than 2017, but everyone is excited about all the new blockchain space developments.

https://preview.redd.it/91rmlsidv8p51.png?width=693&format=png&auto=webp&s=debd3e9f3c6bd5efad4b58589fe5e988179d7e19
4.Are your developers working on some new features? What should we expect?
Currently, XT is working on bringing new features to the exchange.
XT is the first social infused exchange that launched a Group Trading function in the BiYong App. BiYong is a social application focused on the Chinese market.
BiYong has more than 5 million users in total. We are the only partner for BiYong in Group trading. Users can trade within the social chatting app together as a collective.
I want to share some benefits for Group Trading.

https://preview.redd.it/4ephtzbcv8p51.png?width=753&format=png&auto=webp&s=191ca9c7e4d294159347d549b6ecd8cdb66ebbfe
This is how Group Trading typically works.

https://preview.redd.it/50opietbv8p51.png?width=753&format=png&auto=webp&s=aaddfb7071da6cb75f249927bbd8ae3591b39793
XT.com is launching a DEX.
We will launch DEX in quarter four this year. The product is still developing, so I cannot share more about it. We are glad to share it when it's ready.
Crypto future
1.Do you think the crypto winter is over?
With everything going on in the world currently, it is difficult to predict the future. I believe we are now in a bull market cycle, but things can change very quickly. We see different lengths of bear markets in the space as it grows. We must all pay attention to the trends and proceed accordingly.
2.Do you believe in the DeFi’s potential to make mass adoption closer? Why do you think it is so popular today?
The rise of DeFi has been incredible this year. Projects like LINK, UNI, YFI caught the attention of millions. The technology for real use cases has been implemented, and there is a real opportunity to get in on the ground floor for eager investors.
With the recent airdrop from Uniswap with their new token, UNI has only driven interest within the DeFi space. I believe it will take time, but DeFi is here to stay regardless if the market decides to cycle again.
We can see DeFi Locked Value in the past three years in the following pic. It's popular and here to stay.
https://preview.redd.it/utk4j4aav8p51.png?width=753&format=png&auto=webp&s=6a9d785c7e854ecc258c2c75f2458b5eceff20ac

3.What could you advise your users? What are the main risks in trading and investing today?
I advise anyone trading or investing in crypto to be smart.
The crypto market is a very volatile place. Using good risk management is critical to ensure the security of their funds.
Do not put all your eggs and one basket and only invest what you are willing to lose would be my recommendation, especially when it comes to altcoins.
I think that Bitcoin and Etheruem are the best low-risk long term investment options.
So I suggest you can divide your investment into 3 sections. For example, 40% in BTC and ETH, 30% for Top 50 altcoins, and 30% for HIGH risk projects if you are willing to take the risk.
We can see the risk from this picture.
https://preview.redd.it/8j9hvng5v8p51.png?width=753&format=png&auto=webp&s=e2ea47fa1cae0940e80048405d064d7726e6c6dc
4. What are your and your company long-term plans? Where will you be in 5 years?
Regarding the market, XT will continue to grow as we expand to more world markets like Europe, SE Asian, South Asian, and South America.
For compliance, we already had our MSB license approved in the US and will apply for more in different markets in the future.
On the business side, we will still focus on mining and the exchange. Of course, our CEX and DEX will be our primary focus in the years to come.
About Hacken
Hacken is a premier cybersecurity consulting company with an essential focus on cryptocurrency exchanges and blockchain security.
Website: https://hacken.io/
About XT.COM
XT.COM is the world's first social infused exchange. Users can chat in communities while knowing the market trend to invest. In XT communities, users explore valuable coins together.
XT.COM is building towards garnering loyalty and bring new potential for the development of the entire blockchain industry. To achieve better development, it is necessary to break the tradition with a fresh model.
XT Exchange not only empowers the blockchain industry but leads the industry with its innovation.
submitted by okoAlderman to XTExchange [link] [comments]

How To End The Cryptocurrency Exchange "Wild West" Without Crippling Innovation


In case you haven't noticed the consultation paper, staff notice, and report on Quadriga, regulators are now clamping down on Canadian cryptocurrency exchanges. The OSC and other regulatory bodies are still interested in industry feedback. They have not put forward any official regulation yet. Below are some ideas/insights and a proposed framework.



Many of you have limited time to read the full proposal, so here are the highlights:

Offline Multi-Signature

Effective standards to prevent both internal and external theft. Exchange operators are trained and certified, and have a legal responsibility to users.

Regular Transparent Audits

Provides visibility to Canadians that their funds are fully backed on the exchange, while protecting privacy and sensitive platform information.

Insurance Requirements

Establishment of basic insurance standards/strategy, to expand over time. Removing risk to exchange users of any hot wallet theft.


Background and Justifications


Cold Storage Custody/Management
After reviewing close to 100 cases, all thefts tend to break down into more or less the same set of problems:
• Funds stored online or in a smart contract,
• Access controlled by one person or one system,
• 51% attacks (rare),
• Funds sent to the wrong address (also rare), or
• Some combination of the above.
For the first two cases, practical solutions exist and are widely implemented on exchanges already. Offline multi-signature solutions are already industry standard. No cases studied found an external theft or exit scam involving an offline multi-signature wallet implementation. Security can be further improved through minimum numbers of signatories, background checks, providing autonomy and legal protections to each signatory, establishing best practices, and a training/certification program.
The last two transaction risks occur more rarely, and have never resulted in a loss affecting the actual users of the exchange. In all cases to date where operators made the mistake, they've been fully covered by the exchange platforms.
• 51% attacks generally only occur on blockchains with less security. The most prominent cases have been Bitcoin Gold and Ethereum Classic. The simple solution is to enforce deposit limits and block delays such that a 51% attack is not cost-effective.
• The risk of transactions to incorrect addresses can be eliminated by a simple test transaction policy on large transactions. By sending a small amount of funds prior to any large withdrawals/transfers as a standard practice, the accuracy of the wallet address can be validated.
The proposal covers all loss cases and goes beyond, while avoiding significant additional costs, risks, and limitations which may be associated with other frameworks like SOC II.

On The Subject of Third Party Custodians
Many Canadian platforms are currently experimenting with third party custody. From the standpoint of the exchange operator, they can liberate themselves from some responsibility of custody, passing that off to someone else. For regulators, it puts crypto in similar categorization to oil, gold, and other commodities, with some common standards. Platform users would likely feel greater confidence if the custodian was a brand they recognized. If the custodian was knowledgeable and had a decent team that employed multi-sig, they could keep assets safe from internal theft. With the right protections in place, this could be a great solution for many exchanges, particularly those that lack the relevant experience or human resources for their own custody systems.
However, this system is vulnerable to anyone able to impersonate the exchange operators. You may have a situation where different employees who don't know each other that well are interacting between different companies (both the custodian and all their customers which presumably isn't just one exchange). A case study of what can go wrong in this type of environment might be Bitpay, where the CEO was tricked out of 5000 bitcoins over 3 separate payments by a series of emails sent legitimately from a breached computer of another company CEO. It's also still vulnerable to the platform being compromised, as in the really large $70M Bitfinex hack, where the third party Bitgo held one key in a multi-sig wallet. The hacker simply authorized the withdrawal using the same credentials as Bitfinex (requesting Bitgo to sign multiple withdrawal transactions). This succeeded even with the use of multi-sig and two heavily security-focused companies, due to the lack of human oversight (basically, hot wallet). Of course, you can learn from these cases and improve the security, but so can hackers improve their deception and at the end of the day, both of these would have been stopped by the much simpler solution of a qualified team who knew each other and employed multi-sig with properly protected keys. It's pretty hard to beat a human being who knows the business and the typical customer behaviour (or even knows their customers personally) at spotting fraud, and the proposed multi-sig means any hacker has to get through the scrutiny of 3 (or more) separate people, all of whom would have proper training including historical case studies.
There are strong arguments both for and against using use of third party custodians. The proposal sets mandatory minimum custody standards would apply regardless if the cold wallet signatories are exchange operators, independent custodians, or a mix of both.

On The Subject Of Insurance
ShakePay has taken the first steps into this new realm (congratulations). There is no question that crypto users could be better protected by the right insurance policies, and it certainly feels better to transact with insured platforms. The steps required to obtain insurance generally place attention in valuable security areas, and in this case included a review from CipherTrace. One of the key solutions in traditional finance comes from insurance from entities such as the CDIC.
However, historically, there wasn't found any actual insurance payout to any cryptocurrency exchange, and there are notable cases where insurance has not paid. With Bitpay, for example, the insurance agent refused because the issue happened to the third party CEO's computer instead of anything to do with Bitpay itself. With the Youbit exchange in South Korea, their insurance claim was denied, and the exchange ultimately ended up instead going bankrupt with all user's funds lost. To quote Matt Johnson in the original Lloyd's article: “You can create an insurance policy that protects no one – you know there are so many caveats to the policy that it’s not super protective.”
ShakePay's insurance was only reported to cover their cold storage, and “physical theft of the media where the private keys are held”. Physical theft has never, in the history of cryptocurrency exchange cases reviewed, been reported as the cause of loss. From the limited information of the article, ShakePay made it clear their funds are in the hands of a single US custodian, and at least part of their security strategy is to "decline[] to confirm the custodian’s name on the record". While this prevents scrutiny of the custodian, it's pretty silly to speculate that a reasonably competent hacking group couldn't determine who the custodian is. A far more common infiltration strategy historically would be social engineering, which has succeeded repeatedly. A hacker could trick their way into ShakePay's systems and request a fraudulent withdrawal, impersonate ShakePay and request the custodian to move funds, or socially engineer their way into the custodian to initiate the withdrawal of multiple accounts (a payout much larger than ShakePay) exploiting the standard procedures (for example, fraudulently initiating or override the wallet addresses of a real transfer). In each case, nothing was physically stolen and the loss is therefore not covered by insurance.
In order for any insurance to be effective, clear policies have to be established about what needs to be covered. Anything short of that gives Canadians false confidence that they are protected when they aren't in any meaningful way. At this time, the third party insurance market does not appear to provide adequate options or coverage, and effort is necessary to standardize custody standards, which is a likely first step in ultimately setting up an insurance framework.
A better solution compared to third party insurance providers might be for Canadian exchange operators to create their own collective insurance fund, or a specific federal organization similar to the CDIC. Such an organization would have a greater interest or obligation in paying out actual cases, and that would be it's purpose rather than maximizing it's own profit. This would be similar to the SAFU which Binance has launched, except it would cover multiple exchanges. There is little question whether the SAFU would pay out given a breach of Binance, and a similar argument could be made for a insurance fund managed by a collective of exchange operators or a government organization. While a third party insurance provider has the strong market incentive to provide the absolute minimum coverage and no market incentive to payout, an entity managed by exchange operators would have incentive to protect the reputation of exchange operators/the industry, and the government should have the interest of protecting Canadians.

On The Subject of Fractional Reserve
There is a long history of fractional reserve failures, from the first banks in ancient times, through the great depression (where hundreds of fractional reserve banks failed), right through to the 2008 banking collapse referenced in the first bitcoin block. The fractional reserve system allows banks to multiply the money supply far beyond the actual cash (or other assets) in existence, backed only by a system of debt obligations of others. Safely supporting a fractional reserve system is a topic of far greater complexity than can be addressed by a simple policy, and when it comes to cryptocurrency, there is presently no entity reasonably able to bail anyone out in the event of failure. Therefore, this framework is addressed around entities that aim to maintain 100% backing of funds.
There may be some firms that desire but have failed to maintain 100% backing. In this case, there are multiple solutions, including outside investment, merging with other exchanges, or enforcing a gradual restoration plan. All of these solutions are typically far better than shutting down the exchange, and there are multiple cases where they've been used successfully in the past.

Proof of Reserves/Transparency/Accountability
Canadians need to have visibility into the backing on an ongoing basis.
The best solution for crypto-assets is a Proof of Reserve. Such ideas go back all the way to 2013, before even Mt. Gox. However, no Canadian exchange has yet implemented such a system, and only a few international exchanges (CoinFloor in the UK being an example) have. Many firms like Kraken, BitBuy, and now ShakePay use the Proof of Reserve term to refer to lesser proofs which do not actually cryptographically prove the full backing of all user assets on the blockchain. In order for a Proof of Reserve to be effective, it must actually be a complete proof, and it needs to be understood by the public that is expected to use it. Many firms have expressed reservations about the level of transparency required in a complete Proof of Reserve (for example Kraken here). While a complete Proof of Reserves should be encouraged, and there are some solutions in the works (ie TxQuick), this is unlikely to be suitable universally for all exchange operators and users.
Given the limitations, and that firms also manage fiat assets, a more traditional audit process makes more sense. Some Canadian exchanges (CoinSquare, CoinBerry) have already subjected themselves to annual audits. However, these results are not presently shared publicly, and there is no guarantee over the process including all user assets or the integrity and independence of the auditor. The auditor has been typically not known, and in some cases, the identity of the auditor is protected by a NDA. Only in one case (BitBuy) was an actual report generated and publicly shared. There has been no attempt made to validate that user accounts provided during these audits have been complete or accurate. A fraudulent fractional exchange, or one which had suffered a breach they were unwilling to publicly accept (see CoinBene), could easily maintain a second set of books for auditors or simply exclude key accounts to pass an individual audit.
The proposed solution would see a reporting standard which includes at a minimum - percentage of backing for each asset relative to account balances and the nature of how those assets are stored, with ownership proven by the auditor. The auditor would also publicly provide a "hash list", which they independently generate from the accounts provided by the exchange. Every exchange user can then check their information against this public "hash list". A hash is a one-way form of encryption, which fully protects the private information, yet allows anyone who knows that information already to validate that it was included. Less experienced users can take advantage of public tools to calculate the hash from their information (provided by the exchange), and thus have certainty that the auditor received their full balance information. Easy instructions can be provided.
Auditors should be impartial, their identities and process public, and they should be rotated so that the same auditor is never used twice in a row. Balancing the cost of auditing against the needs for regular updates, a 6 month cycle likely makes the most sense.

Hot Wallet Management
The best solution for hot wallets is not to use them. CoinBerry reportedly uses multi-sig on all withdrawals, and Bitmex is an international example known for their structure devoid of hot wallets.
However, many platforms and customers desire fast withdrawal processes, and human validation has a cost of time and delay in this process.
A model of self-insurance or separate funds for hot wallets may be used in these cases. Under this model, a platform still has 100% of their client balance in cold storage and holds additional funds in hot wallets for quick withdrawal. Thus, the risk of those hot wallets is 100% on exchange operators and not affecting the exchange users. Since most platforms typically only have 1%-5% in hot wallets at any given time, it shouldn't be unreasonable to build/maintain these additional reserves over time using exchange fees or additional investment. Larger withdrawals would still be handled at regular intervals from the cold storage.
Hot wallet risks have historically posed a large risk and there is no established standard to guarantee secure hot wallets. When the government of South Korea dispatched security inspections to multiple exchanges, the results were still that 3 of them got hacked after the inspections. If standards develop such that an organization in the market is willing to insure the hot wallets, this could provide an acceptable alternative. Another option may be for multiple exchange operators to pool funds aside for a hot wallet insurance fund. Comprehensive coverage standards must be established and maintained for all hot wallet balances to make sure Canadians are adequately protected.

Current Draft Proposal

(1) Proper multi-signature cold wallet storage.
(a) Each private key is the personal and legal responsibility of one person - the “signatory”. Signatories have special rights and responsibilities to protect user assets. Signatories are trained and certified through a course covering (1) past hacking and fraud cases, (2) proper and secure key generation, and (3) proper safekeeping of private keys. All private keys must be generated and stored 100% offline by the signatory. If even one private keys is ever breached or suspected to be breached, the wallet must be regenerated and all funds relocated to a new wallet.
(b) All signatories must be separate background-checked individuals free of past criminal conviction. Canadians should have a right to know who holds their funds. All signing of transactions must take place with all signatories on Canadian soil or on the soil of a country with a solid legal system which agrees to uphold and support these rules (from an established white-list of countries which expands over time).
(c) 3-5 independent signatures are required for any withdrawal. There must be 1-3 spare signatories, and a maximum of 7 total signatories. The following are all valid combinations: 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.
(d) A security audit should be conducted to validate the cold wallet is set up correctly and provide any additional pertinent information. The primary purpose is to ensure that all signatories are acting independently and using best practices for private key storage. A report summarizing all steps taken and who did the audit will be made public. Canadians must be able to validate the right measures are in place to protect their funds.
(e) There is a simple approval process if signatories wish to visit any country outside Canada, with a potential whitelist of exempt countries. At most 2 signatories can be outside of aligned jurisdiction at any given time. All exchanges would be required to keep a compliant cold wallet for Canadian funds and have a Canadian office if they wish to serve Canadian customers.
(2) Regular and transparent solvency audits.
(a) An audit must be conducted at founding, after 3 months of operation, and at least once every 6 months to compare customer balances against all stored cryptocurrency and fiat balances. The auditor must be known, independent, and never the same twice in a row.
(b) An audit report will be published featuring the steps conducted in a readable format. This should be made available to all Canadians on the exchange website and on a government website. The report must include what percentage of each customer asset is backed on the exchange, and how those funds are stored.
(c) The auditor will independently produce a hash of each customer's identifying information and balance as they perform the audit. This will be made publicly available on the exchange and government website, along with simplified instructions that each customer can use to verify that their balance was included in the audit process.
(d) The audit needs to include a proof of ownership for any cryptocurrency wallets included. A satoshi test (spending a small amount) or partially signed transaction both qualify.
(e) Any platform without 100% reserves should be assessed on a regular basis by a government or industry watchdog. This entity should work to prevent any further drop, support any private investor to come in, or facilitate a merger so that 100% backing can be obtained as soon as possible.
(3) Protections for hot wallets and transactions.
(a) A standardized list of approved coins and procedures will be established to constitute valid cold storage wallets. Where a multi-sig process is not natively available, efforts will be undertaken to establish a suitable and stable smart contract standard. This list will be expanded and improved over time. Coins and procedures not on the list are considered hot wallets.
(b) Hot wallets can be backed by additional funds in cold storage or an acceptable third-party insurance provider with a comprehensive coverage policy.
(c) Exchanges are required to cover the full balance of all user funds as denominated in the same currency, or double the balance as denominated in bitcoin or CAD using an established trading rate. If the balance is ever insufficient due to market movements, the firm must rectify this within 24 hours by moving assets to cold storage or increasing insurance coverage.
(d) Any large transactions (above a set threshold) from cold storage to any new wallet addresses (not previously transacted with) must be tested with a smaller transaction first. Deposits of cryptocurrency must be limited to prevent economic 51% attacks. Any issues are to be covered by the exchange.
(e) Exchange platforms must provide suitable authentication for users, including making available approved forms of two-factor authentication. SMS-based authentication is not to be supported. Withdrawals must be blocked for 48 hours in the event of any account password change. Disputes on the negligence of exchanges should be governed by case law.

Steps Forward

Continued review of existing OSC feedback is still underway. More feedback and opinions on the framework and ideas as presented here are extremely valuable. The above is a draft and not finalized.
The process of further developing and bringing a suitable framework to protect Canadians will require the support of exchange operators, legal experts, and many others in the community. The costs of not doing such are tremendous. A large and convoluted framework, one based on flawed ideas or implementation, or one which fails to properly safeguard Canadians is not just extremely expensive and risky for all Canadians, severely limiting to the credibility and reputation of the industry, but an existential risk to many exchanges.
The responsibility falls to all of us to provide our insight and make our opinions heard on this critical matter. Please take the time to give your thoughts.
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing
Written by chaintalk.tv
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We recently had the opportunity to interview the VP of ViaBTC Group, Eddie Jiang. ViaBTC Group owns popular crypto exchange CoinEx and ViaBTC Pool. In this interview Eddie discusses being the first exchange to use BCH as the base currency, ViaBTC Pool and integrating with CoinEx, new features and ambassador program, and competing with other exchanges like Binance and Huobi. Please enjoy the interview below.
How come you decided to open up CoinEx to other cryptos other than just BCH?
Eddie Jiang: CoinEx is the world’s first exchange to implement Bitcoin Cash as a base currency. At that time, it was evident that there was a demand for BCH trading markets, and we are the first to explore this opportunity. It also shows our determination to support the BCH’s development.
As CoinEx is developing, our goal becomes bigger and we are aiming at the global market. We need to constantly improve our product diversification to meet the different needs of more users, so we open up to other cryptos. In the past six months, we have listed more than 50 new tokens. Up to now, we have listed 129 cryptos and 313 markets. Besides, in addition to spot trading, CoinEx also supports perpetual contract and other derivatives trading.
How does CoinEx integrate with the ViaBTC Pool?
Eddie Jiang: ViaBTC Group announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements, on 30 May.
As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public chain technology and the construction of the ecology.
After halving, the combination of mining and finance will become closer and closer. Investing in mining machines is like buying a Bitcoin option. Miners need more flexible financial products to maintain and increase the value of assets, or hedging services. Based on this judgment, the operations of ViaBTC mining pool and CoinEx exchange will be integrated in the future to realize the financial empowerment of the mining pool to meet the diverse financial needs of miners.
Features of this integrated product upgrade can be summarized as: “ The mining pool is the wallet, and the wallet is the transaction.” ViaBTC is the world first mining pool that has a wallet embedded in the mining pool account. Users do not need to transfer the mined coins, and can realize the function of coin exchange within the wallet. For example, they can directly convert the mined coins into USDT to pay electricity bill. What’s more, users can store, deposit and withdraw their revenue, and transfer assets to CoinEx at any time without charge, as well as complete other operations on the exchange, such as purchasing wealth management products for asset preservation and appreciation. In addition, we also provide hedging services. All of the above functions can be completed in one stop in the mining pool, without the need to transfer assets between different platforms.
The exchange empowers the mining pool, and the mining pool will further bring more traffic and resources to the exchange. The two complement each other and development coordinately.
CoinEx has recently added many new features. Can you talk about what new updates were made to the platform and why you made them?
Eddie Jiang: We have always attached great importance to the development of overseas markets since our establishment, and one of our major goals this year is to cover at least 10 different languages speaking markets.
To realize this and to meet the needs of more users worldwide, CoinEx has been continuously optimizing and upgrading its operating strategies, products and services. Our product diversifications are constantly improving. As I said before, we have launched leverage trading, perpetual contract trading, and wealth management products in addition to just spot trading. However, we don’t ignore the importance of spot trading. More mainstream, popular, and high-quality tokens have been listed, and up to now, there are 129 tokens and 313 trading pairs on CoinEx.
During the epidemic, we have never slowed down our development. Lacking of the OTC service has always been a shortage for CoinEx. In March, we partner with Simplex to integrate the first fiat onramp to our platform. People now can buy crypto with their credit cards, which lowers the threshold for more people to enter the crypto world. Moreover, we announced global strategic partnership with Matrixport to provide people with large amount of fiat to crypto needs the OTC service. These newly launched services also help to attract more users.
At the same time, CoinEx has been launched in Arabic, Italian, English, Japanese, Russian, Korean and other 16 languages. Earlier we also carried out product upgrades, making the UI and function sections clearer.
In terms of operations, we launched an upgraded CoinEx Ambassador program in March. To best utilize each ambassador’s personal strengths, there are four categories of CoinEx Ambassador with different responsibilities, namely Referral Ambassador, Marketing Ambassador, Operation Ambassador, and Business Ambassador, which will expand our brand’s exposure and help CoinEx grow into a more international exchange platform.
From March until now CoinEx has seen a 100% increase in user registrations. Why is that and are you able to see where they are coming from?
Eddie Jiang: Because of the efforts mentioned above, in 2020, we’ve seen an exponential increase in activity in just the past few months alone. In this year alone, CoinEx’s daily registered users increased by 100%. These new users mainly come from markets such as the Middle East, Asia Pacific, and more.
Interestingly, we saw an uptick in traffic from the Middle East in March. User growth in Southeast Asia also picked up significantly, newly registered users increased by 133.6% in April.
With Binance, BitMex, Huobi, Bybit, and Deribit, controlling most of the crypto futures and options markets, where do you see CoinEx fitting in? How do you plan to capture market share from these large exchanges?
Eddie Jiang: We won’t compete with others. We focus on ourselves to improve products and our goal is to be better than yesterday.
Our pace is solid and steady, instead of focusing on temporary heat and flow. We have always attached great importance of spot trading, and we are committed to be responsible for users’ investment. We have set up CoinEx Institution, which is dedicated on project research. A listing committee consist of core team members review and vote on projects recommended by the CoinEx Institution. In this way, fraud projects are avoided as much as possible.
Besides, we will focus on niche areas with great potential. For example, Southeast Asia and the Middle East. CoinEx can serve users in those countries well by providing a platform with rich cryptos to trade, and will pay more efforts on refined operations in different countries.
Moreover, CoinEx has a very complete ecosystem. Financial services, infrastructure, and ecological development, the three business units complement each other. The infrastructure BU is our cornerstone and is positioned as a defensive product; the financial service BU is a cash cow and is positioned as an aggressive product; the ecological development BU focuses on the public chain ecology and is the future infrastructure.
What is the geographical breakdown of the CoinEx userbase?
Eddie Jiang: The current proportion of CoinEx’s overseas users has reached 80% of the total registered users, and mainly in Australia, Southeast Asia, North America, Middle East and South Korea.
Do you have plans to focus on any certain jurisdictions? How will you do that?
Eddie Jiang: When we evaluate regions, two things matter: policy and potential.
Whether an exchange’s business expansion in a region is smooth or not largely depends on the region’s policies. If the region is not very friendly towards cryptocurrency or has repeated attitudes, there will be more difficulties and the cost will be much higher.
For a region’s development potential, we need to think about the demand and market development status. South Korea, Southeast Asia, the Middle East and other regions are all areas with good potential for cryptocurrency development. Compared with Europe and America, policy risks in these countries are lower, and the supervision mechanism is relatively complete. The public has a high degree of awareness of cryptocurrencies. Besides, some regions or countries have inflation problems due to political and economic reasons.
CoinEx will continue to focus on the Middle East and South Asia, which are relatively niche. India has just lifted ban on cryptocurrency trading this year, and there are many cryptocurrency investors in Indian. CoinEx can serve them well by providing a platform with rich cryptos to trade. More people in the Middle East are interested cryptos, especially in countries that are subject to economic sanctions or high inflation. For those people, cryptocurrencies are one of the best choices for asset preservation.
Since the CoinEx Ambassador program launched in March, it has been almost three months. We are conducting the second round of ambassador recruitment. This time, we will use the power of ambassadors to expand our recruitment coverage and strive to attract more crypto enthusiasts from all over the world to grow together with CoinEx. Moreover, we will launch the National Expansion plan and leverage on the CoinEx and ViaBTC mining pool resources, to further explore the Russian market. At the market level, we will make more PR efforts in local markets, and start refined operations.
What is CoinEx Chain and CoinEx DEX?
Eddie Jiang: CoinEx Chain is a public chain built on the Tendermint consensus protocol and the Cosmos SDK. It consists of three dedicated public chains parallel to each other. Among these three chains, CoinEx DEX meets the most basic needs of DeFi for token issuance, transfer, and transactions. The Smart Chain is designed to meet the needs of complex financial scenarios and delivers programmable cash. The Privacy Chain facilitates privacy and security.
On November 11, 2019, we took the lead in launching the Mainnet of CoinEx DEX. CoinEx DEX is the world’s first public chain dedicated to decentralized transactions. Users can easily manage their digital assets on it.
CoinEx DEX can fully satisfy the following conditions: users have private keys at their own disposal; transfers and transactions are all completed on-chain, which is 200% transparent and checkable; the issuance, transfer, and transaction of tokens do not require review or permission; the community governance and operation is decentralized, similar to EOS, and validators are introduced to the community ecosystem construction and governance. There are currently 41 validators.
It also has extreme performance. TPS reaches as high as 10,000 and transactions are confirmed within seconds. The transaction fee, 0.0001 US dollars for each transaction, is negligible.
Third, it’s simple and easy to use. The new operation interface design helps beginners get started quickly; with the one-click token issuing module, users only need to fill in a few items to issue tokens; the built-in automated market-making module guarantees liquidity.
How will CoinEx DEX improve the decentralized exchange space that has been unable to gain much adoption?
Eddie Jiang: There are many challenges and difficulties facing centralized exchanges. The first difficulty is security. Security is a huge concern for CEXs. Over the last 10 years, hackers have stolen more than $1.5 billion from centralized exchanges. In fact, research groups estimate that hackers stole somewhere between $950 Million and $1 Billion from centralized exchanges in 2018 alone. There were also incidents of coin thefts in other exchanges in 2019. Many exchanges, such as Mt. Gox, Youbit, were forced to file for bankruptcy and shut down as a result of hacks.
The second is high management costs. Centralized exchanges need to list a large number of cryptocurrencies and each of them have different trading pairs. That entails huge efforts in development and maintenance and, thus, high management costs.
The last is global policies. Cryptocurrency is faced with different regulatory policies in different countries. Every time a centralized exchange enters a country, it needs to adapt itself to local regulatory policies for compliance. This is a holdback for the exchange’s rapid market expansion globally. Such adaptation will also bring a huge learning cost for the exchange team.
Obviously, these problems can be well solved by DEX. CoinEx DEX is a true DEX with full open source and full community governance, as well as without depending on official nodes, websites, wallets, etc. On DEX, users are able to in charge of their own private keys and assets all by themselves. Their assets are more safe and secure. Transfers and transactions are all completed on-chain, which is 200% transparent and checkable; and the issuance, transfer, and transaction of tokens do not require review or permission. What’s more, CoinEx DEX provides a great and convenient user experience.
How will CoinEx Chain and DEX help the crypto industry as a whole?
Eddie Jiang: The public chain is the cornerstone of the blockchain industry. CoinEx Chain has the parallelism of multiple dedicated public chains, each of which performs its own functions, by cross-chaining for both high performance and flexibility.
CoinEx Chain is committed to building the next generation of blockchain financial infrastructure. It is a more complete ecosystem built around the DEX public chain. The DEX public chain is a dedicated public chain developed specifically for token issuance and trading and the biggest improvement on trading speed, so it only supports the necessary functions, not smart contracts.
But smart contracts are the foundation for building more complex financial applications. Outside the DEX public chain, CoinEx Chain also includes a Smart Chain that supports smart contracts.
Moreover, as privacy issues on the current blockchain have been criticized, it is one of the core tasks of CoinEx Chain to safeguard users’ privacy. Similar to the Smart Chain, the Privacy Chain specifically supports transaction privacy protection. With cross-chain circulation, it can improve the privacy characteristic of the entire CoinEx Chain ecosystem.
Nowadays, 1.7 million people in the world have no bank accounts; however, among them, two thirds are smartphone users with huge demands for financial services. The public chain will empower DeFi applications’ development and popularization, not only help more companies to seize the huge market opportunity, but also to bring lasting transformations and improvements in people’s lives.
With so many crypto exchanges, what is the future outlook of CoinEx when it comes to the crypto exchange space?
Eddie Jiang: It has been nearly 3 years since CoinEx has been launched, but it’s quite young for an entrepreneurial team. We have seen too many projects’ failures due to governance issues. CoinEx has a very elite team with high technical and management capabilities. In terms of business, CoinEx has gradually developed with diversified business and a complete ecosystem. It’s clear that the market will still grow very fast in the future, and the market size is still very large. We will continue to improve our products, put more efforts in marketing and operations, as well as look for more high-quality projects, to increase the number of users and transactions on the platform. Lay a solid foundation, and I’m sure the time will come for us to shine.
What updates is the CoinEx team most excited for?
Eddie Jiang: We are very excited about the National Expansion Plan which will be launched later this year. It is an important part in CoinEx’s globalization strategy. We will actively explore some new markets while consolidate the original ones. CoinEx will set aside 10 million US dollars to set up a “Pioneer Fund” to support this plan. This fund will be used to support local cryptocurrency projects and promote the development of the local cryptocurrency communities through investment or cooperation. Our goal this year is to invest in projects and communities that are conducive to expanding the CoinEx ecosystem in countries with high development potential.
Original article
Click HERE to register on CoinEx
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Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi
Until one understands the basics of this tech, they won’t be able to grasp or appreciate the impact it has on our digital bank, Genesis Block.
https://reddit.com/link/ho4bif/video/n0euarkifu951/player
This is the second post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
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Our previous post set the stage for this series. We discussed the state of consumer finance and how the success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy finance — a weak foundation that is ripe for massive disruption.
Instead, the future of consumer finance belongs to those who are deeply familiar with blockchain tech & decentralized protocols, build on it as the foundation, and know how to take it to the world. Like Genesis Block.
Today we begin our journey down the crypto rabbit hole. This post will be an important introduction for those still learning about Bitcoin, Ethereum, or DeFi (Decentralized Finance). This post (and the next few) will go into greater detail about how this technology gives Genesis Block an edge, a superpower, and an unfair advantage. Let’s dive in…
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Bitcoin: The First Cryptocurrency

There are plenty of online resources to learn about Bitcoin (Coinbase, Binance, Gemini, Naval, Alex Gladstein, Marc Andreessen, Chris Dixon). I don’t wanna spend a lot of time on that here, but let’s do a quick overview for those still getting ramped up.
Cryptocurrency is the most popular use-case of blockchain technology today. And Bitcoin was the first cryptocurrency to be invented.
Bitcoin is the most decentralized of all crypto assets today — no government, company, or third party can control or censor it.
Bitcoin has two primary features (as do most other cryptocurrencies):
  1. Send Value You can send value to anyone, anywhere in the world. Nobody can intercept, delay or stop it — not even governments or financial institutions. Unlike with traditional money transfers or bank wires, there are no layers of middlemen. This results in a process that is much more cost-efficient. Some popular use-cases include remittances and cross-border payments.
  2. Store Value With nothing but a smartphone, you can become your own bank and store your own funds. Nobody can seize your assets. The funds are digital and stored on a blockchain. Your money no longer needs to be stored at a bank, in a vault, or under your mattress. I covered a few inspiring use-cases in a previous post. They include banking the unbanked, protecting assets from government seizure, mitigating the risk of a bank run, and protection against hyperinflation (like what recently happened in Venezuela).
The fact that there are so few things one can do with Bitcoin is one of its greatest strengths.
Its design is simple, elegant, and focused. It has been 10+ years since Satoshi’s white paper and no one has been able to crack or hack the Bitcoin network. With a market cap of $170B, there is plenty of incentive to try.
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Public Awareness

A few negative moments in Bitcoin’s history include the collapse of Mt. Gox — which resulted in hundreds of millions of customer funds being stolen — as well as Bitcoin’s role in dark markets like Silk Road — where Bitcoin arguably found its initial userbase.
However, like most breakthrough technology, Bitcoin is neither good nor bad. It’s neutral. People can use it for good or they can use it for evil. Thankfully, it’s being used less and less for illicit activity. Criminals are starting to understand that transactions on a blockchain are public and traceable — it’s exactly the type of system they usually try to avoid. And it’s true, at this point “a lot more” crimes are actually committed with fiat than crypto.
As a result, the perception of bitcoin and cryptocurrency has been changing over the years to a more positive light.
Bitcoin has even started to enter the world of media & entertainment. It’s been mentioned in Hollywood films like Spiderman: Into the Spider-Verse and in songs from major artists like Eminem. It’s been mentioned in countless TV shows like Billions, The Simpsons, Big Bang Theory, Gray’s Anatomy, Family Guy, and more.
As covid19 has ravaged economies and central banks have been printing money, Bitcoin has caught the attention of many legendary Wall Street investors like Paul Tudor Jones, saying that Bitcoin is a great bet against inflation (reminding him of Gold in the 1970s).
Cash App already lets their 25M users buy Bitcoin. It’s rumored that PayPal and Venmo will soon let their 325M users start buying Bitcoin. Bitcoin is by far the most dominant cryptocurrency and is showing no signs of slowing down. For more than a decade it has delivered on its core use-cases — being able to send or store value.
At this point, Bitcoin has very much entered the zeitgeist of modern pop culture — at least in the West.
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Ethereum: Programmable Money

When Ethereum launched in 2015, it opened up a world of new possibilities and use-cases for crypto. With Ethereum Smart Contracts (i.e. applications), this exciting new digital money (cryptocurrency) became a lot less dumb. Developers could now build applications that go beyond the simple use-cases of “send value” & “store value.” They could program cryptocurrency to have rules, behavior, and logic to respond to different inputs. And always enforced by code. Additional reading on Ethereum from Linda Xie or Vitalik Buterin.
Because these applications are built on blockchain technology (Ethereum), they preserve many of the same characteristics as Bitcoin: no one can stop, censor or shut down these apps because they are decentralized.
One of the first major use-cases on Ethereum was the ability to mint and create your own token, your own cryptocurrency. Many companies used this as a way to fundraise from the public. This led to the 2017 ICO bubble (Initial Coin Offerings). Some tokens — and the apps/networks they powered — were fascinating and innovative. Most tokens were pointless. And many tokens were outright scams. Additional token reading from Fred Ehrsam, Balaji, and Naval.
https://reddit.com/link/ho4bif/video/b5b1jh9ofu951/player

Digital Gold Rush

Just as tokens grew in popularity in 2017–2018, so did online marketplaces where these tokens could be bought, sold, and traded. This was a fledgling asset class — the merchants selling picks, axes, and shovels were finally starting to emerge.
I had a front-row seat — both as an investor and token creator. This was the Wild West with all the frontier drama & scandal that you’d expect.
Binance — now the world’s largest crypto exchange —was launched during this time. They along with many others (especially from Asia) made it really easy for speculators, traders, and degenerate gamblers to participate in these markets. Similar to other financial markets, the goal was straightforward: buy low and sell high.
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That period left an embarrassing stain on our industry that we’ve still been trying to recover from. It was a period rampant with market manipulation, pump-and-dumps, and scams. To some extent, the crypto industry still suffers from that today, but it’s nothing compared to what it was then.
While the potential of getting filthy rich brought a lot of fly-by-nighters and charlatans into the industry, it also brought a lot of innovators, entrepreneurs, and builders.
The launch and growth of Ethereum has been an incredible technological breakthrough. As with past tech breakthroughs, it has led to a wave of innovation, experimentation, and development. The creativity around tokens, smart contracts, and decentralized applications has been fascinating to witness. Now a few years later, the fruits of those labors are starting to be realized.

DeFi: Decentralized Finance

So as a reminder, tokens are cryptocurrencies. Cryptocurrencies can carry value. And value is a lot like money. Because tokens are natively integrated with Ethereum, it’s been natural for developers to build applications related to financial services — things like lending, borrowing, saving, investing, payments, and insurance. In the last few years, there has been a groundswell of developer momentum building in this area of financial protocols. This segment of the industry is known as DeFi (Decentralized Finance).
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In Q2 of 2020, 97% of all Ethereum activity was DeFi-related. Total DeFi transaction volume has reached $11.5B. The current value locked inside DeFi protocols is approaching $2 Billion (double from a month ago). DeFi’s meteoric growth cannot be ignored.
Most of that growth can be attributed to exciting protocols like Compound, Maker, Synthetix, Balancer, Aave, dYdX, and Uniswap. These DeFi protocols and the financial services they offer are quickly becoming some of the most popular use-cases for blockchain technology today.
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This impressive growth in DeFi certainly hasn’t come without growing pains. Unlike with Bitcoin, there are near-infinite applications one can develop on Ethereum. Sometimes bugs (or typos) can slip through code reviews, testing, and audits — resulting in loss of funds.
Our next post will go much deeper on DeFi.

Wrap Up

I know that for the hardcore crypto people, what we covered today is nothing new. But for those who are still getting up to speed, welcome! I hope this was helpful and that it fuels your interest to learn more.
Until you understand the basics of this technology, you won’t be able to fully appreciate the impact that it has on our new digital bank, Genesis Block. You won’t be able to understand the implications, how it relates, or how it helps.
After today’s post, some of you probably have a lot more questions. What are specific examples or use-cases of DeFi? Why does it need to be on a blockchain? What benefits does it bring to Genesis Block and our users?
In upcoming posts, we answer these questions. Today’s post was just Level 1. It set the foundation for where we’re headed next: even deeper down the crypto rabbit hole.
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Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
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Introducing The Cryptocurrency Informer

Hey all,
We are trying something new. Full disclosure, I work for BitcoinTaxes, and I am the host of the new podcast I am here to talk about.
News happens in the world of cryptocurrency at a rapid pace. Every day something new and innovative is announced, that expands on existing technologies. The Cryptocurrency Informer is a weekly update series highlighting notable events happening in the crypto and crypto-adjacent spaces. Each episode provides a brief summary of these events, and an accompanying blog post provides sources for each story, so our listeners can dig deep on the things they want to know more about.
In the first episode of The Cryptocurrency Informer, we discuss the effects of the COVID-19 outbreak on tax deadlines and federally backed cryptocurrencies. Binance has released it’s new “Binance Card”, and Mt.Gox creditors may be getting closer to a payout.
Podcast Links:
Podcast Page
Direct Episode Link
Info Links:

IRS Moves Tax Deadline To July 15th

Notice 2020-18 – Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
Filing and Payment Deadlines Questions and Answers

“Digital Dollar” and “Digital Dollar Wallet” Mentioned In Stimulus

Stimulus Draft
Forbes – Central Bank Currency on Ethereum
Technology Review – FedAccounts

Chinese Central Bank Digital Currency

Global Times Report

Binance Releases The Binance Card (Beta)

Binance Blog
Binance Card Registration Page

Mt. Gox Draft Rehabilitation Plan Released

*Creditor Portal Login (View Documents)
Coindesk Report
* Please use your best judgement when providing login information. The Creditor Portal Login link was provided via update on Mt. Gox's page. A PDF of this annoncement can be found here.
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Hopefully you guys enjoy this kind of content. We'll still be releasing normal episodes of The BitcoinTaxes Podcast soon, but this will be an additional series that we release now as well.
submitted by Sal-BitcoinTax to bitcointaxes [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:

  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?

Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
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I Got Scammed by the Cryptocurrency Exchange EZBTC.CA

I wanted to make this post of my experience as a warning to others, especially Canadians as they have limited buying options when investing (speculating) into cryptocurrencies. I understand the subject of cryptocurrencies are polarizing to many, but nonetheless, it's an emerging asset class that deserves discussion because there are many ways to lose your funds. This isn't the fault of cryptocurrencies themselves, but the result of user error, outright scams, social engineering, hacks, or in my case not being up-to-date on current events.

There are many scams in cryptocurrencies, but shady exchanges are a classic dating back to the legendary Mt. Gox hack where 850,000 Bitcoins were stolen (worth approximately $4.6 billion at the time of this writing). Or the most recent Canadian QuadrigaCX exchange hack where the CEO allegedly died in India carrying the only private key to 200 million worth of customer funds.

It seems that exchange hacks keep propping up in the news, so why then do they keep happening even in 2019? Because users are left with limited choices if they want to acquire cryptocurrency in the safest (ironic) and most convenient manner. In order to buy cryptocurrency, you first have to exchange it for fiat currency (USD, CAD, EUR). You could buy cryptocurrency from one of those Bitcoin ATMs you see at the mall but the fees are exorbitant and quite a few require ID as it is, so why not just sign up for an exchange instead? The next option is to buy them peer-to-peer in person for cash, but people feel unsafe dealing with strangers and large amounts of money. Further, liquidity would be an issue. This led to a boom of many cryptocurrency exchanges offering customers a place to buy and sell with the exchanges acting as the middle-man between users.

I've been away from cryptocurrency for a while and only came back recently. I've used the EZBTC exchange in the past without issues and decided I would use them again. What I didn't do upon my return was my homework on any updates/news regarding this exchange which resulted in my ordeal now. I noticed the website had an overhaul that now includes an express option for you to receive faster withdrawals if you deposited larger amounts (first red flag). I opted for the regular option I always used in the past and sent a small amount via eTransfer that was deposited in my account almost immediately (second red flag). In the past, my eTransfers regardless of amount took some time and up to many hours. Nonetheless, I made a purchase and initiated a withdrawal request that still hasn't been sent out to this day, and I am not the only one.

A condensed version of my story is that I got worried about my pending withdrawal with EZBTC and my emails/calls went unanswered. The live chat on their website was also disabled. I decided to tweet my situation to @ezBtcCanada and immediately got an email from the owner David Smillie himself urgently telling me to call him on a personal number. He deverified and suspended my account as a result of my tweets @tokenflair for "security reasons". After some talk (me saying I'll delete the tweets) he immediately reactivated and reverified my account again and said that my withdrawal will be taken care of the next day.

Fast forward to the next day and my withdrawal is still pending. Calls/texts/email go unanswered again. Live chat is still disabled. I proceed to send another tweet instead. Like clockwork, I get a response from David shortly after and he was livid. He threatened to sue me for defamation if I continued posting about my situation on public forums. I told him I'll be waiting for his letter. He stated that my account would be receiving a lifetime ban and I will not be receiving my withdrawal but I would get an eTransfer refund in 30 days, and all this information would be included in an email I was supposed to receive on Monday April 22, 2019. I still have not received any such email, and my emails/call/texts to him are again being ignored. The saga continues.

The most important piece of advice I can give when it comes to cryptocurrency is that what's true today, is not true tomorrow. You must stay up-to-date on current events in cryptocurrency because your investment could be at stake. In my case, EZBTC was exhibiting red flags and had many user complaints that I would have seen had I just done some research prior to sending my money. I was not up-to-date regarding the status of this "exchange".

David Smillie (owner of ezbtc.ca) operating under business # 1081627 B.C LTD. currently has 5 ongoing lawsuits against his company for unpaid funds:

  1. File number: 1812420 - GOLDLUST, Joseph v 1081627 B.C. LTD. - Supreme Civil (General)
  2. File number: 1963965 - ROBERTS, John v 1081627 B.C. LTD. - Provincial Small Claims
  3. File number: 172818 - GODWIN, Richard v 1081627 BC LTD - Supreme Civil (General)
  4. File number: 18104 - MCCALLUM, Evan v 1081627 BC LTD - Provincial Small Claims
  5. File number: 1862507 - WONG, Gary v 1081627 BC LTD. - Provincial Small Claims

You can get the latest information on all pending lawsuits against EZBTC here:
https://justice.gov.bc.ca/cso/esearch/civil/partySearch.do

List of numerous complaints against David Smillie and EZBTC:

https://files.fm/f/23ej52ff (David Smillie sued by Richard Godwin)

https://np.reddit.com/BitcoinCA/comments/bahzsm/another_bc_lawsuit_filed_against_ezbtc_1081627_bc/ (David Smillie sued by John Roberts)

https://np.reddit.com/BitcoinCA/comments/99fs6i/2_new_court_filings_against_ezbtc_in_the_past_week/ (More lawsuits)

https://np.reddit.com/BitcoinCA/comments/8mjtjb/amaa_exowner_of_ezbtc_resigned_when_i_realized_it/ (Ex-CTO of EZBTC blows whistle)

https://np.reddit.com/BitcoinCA/comments/b53zq3/please_sticky_this_post_im_a_developer_who_worked/ (EZBTC developer blows whistle)

https://np.reddit.com/BitcoinCA/comments/939ce2/40_days_and_counting_fiat_withdrawal_ezbtcca/

https://np.reddit.com/BitcoinCA/comments/926adi/ezbtcca_may_have_gone_bust_toronto_offices_have/

https://np.reddit.com/BitcoinCA/comments/973yrz/ezbtcca_is_likely_insolvent/

https://np.reddit.com/BitcoinCA/comments/98njea/worth_visiting_ezbtc_offices/

https://np.reddit.com/BitcoinCA/comments/901847/concern_regarding_ezbtc/

https://np.reddit.com/BitcoinCA/comments/9181nx/banned_from_ezbtcca_chatroomhave_not_rcvd/

https://np.reddit.com/BitcoinCA/comments/arnboh/ezbtc_will_my_girlfriend_ever_see_her_money/

https://coiniq.com/ezbtc-review/

https://np.reddit.com/BitcoinCA/comments/ao680q/what_are_customers_latest_experiences_with_ezbtc/

https://warosu.org/biz/thread/10773849

https://np.reddit.com/BitcoinCA/comments/bfqrv1/fortune_jack_here_regarding_david_smillie_and/

https://np.reddit.com/BitcoinCA/comments/b57fq9/ezbtc_terms_of_service_wayback_machine/

https://np.reddit.com/BitcoinCA/comments/arfa5x/ezbtc_is_so_fake_check_this_out/

https://np.reddit.com/BitcoinCA/comments/95rpl5/to_those_staying_silent_for_ezbtc_defamation/
submitted by TokenFlair to PersonalFinanceCanada [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to dogecoin [link] [comments]

Did anyone else get very long email with the subject "【MTGOX】同意事項/Terms of Consent" today?

This was the full email. There were also 2 PDF attachments. The only part I have changed is where I've redacted my "creditor number". Please discuss what you think about it.
(English follows Japanese)
債権者様(債権者番号:XXXXXXXXXXX)
本メールは、株式会社MTGOX(以下「MTGOX」といいます。)の破産手続において破産債権の届出をしたものの、MTGOXの民事再生手続(以下「本民事再生手続」といいます。)において、再生債権の届出をしておらず、MTGOXのデータベースに存在した残高が自認債権として認められた債権者の方にお送りしています。
貴殿/貴社について認められた自認債権については、添付PDFファイルに記載しておりますのでご確認ください。
本民事再生手続において、届出債権者の方には、弁済を含めた諸手続を円滑に進めるため、本民事再生手続に関する同意事項に同意いただいております。しかし、貴殿/貴社は債権届出をしていないことから、未だ当該同意事項へ同意いただいておりません。弁済を含めた今後の手続を円滑に進めるためには、貴殿/貴社にも同様の同意事項に対して同意していただく必要があります。
そこで、本メールの末尾に記載しました「民事再生手続に関する同意事項」又は本メールに添付しました「民事再生手続に関する同意事項」(内容は同一です。)をご確認いただき、内容に同意いただける場合には、下記の文言を記載して、本メールに直接返信してください。
「私は、MTGOXの民事再生手続について、再生管財人から送付された「民事再生手続に関する同意事項」について同意及び表明いたします。」
再生管財人は、今後も、東京地方裁判所と協議しながら、適切な民事再生手続の遂行に努めてまいりますので、ご理解ご協力の程宜しくお願い申し上げます。
再生債務者株式会社MTGOX 再生管財人弁護士小林信明
To creditor (creditor number: XXXXXXXXXXX)
You have received this email because you are a creditor ofMtGox Co., Ltd. (“MtGox”) who filed a proof of bankruptcy claim(s) under the previous bankruptcy proceedings forMtGox but did not file a proof of rehabilitation claim(s) under the civil rehabilitation proceedings for MtGox (the “Civil Rehabilitation Proceedings”) and whose remaining balance on the MtGox database was approved by the Rehabilitation Trustee as a self-approved rehabilitation claim(s) (i.e., a rehabilitation claim that was not filed but accepted by the trustee voluntarily in accordance with the Civil Rehabilitation Act).
Your self-approved rehabilitation claim(s) are detailed in the attached PDF file for your review.
In the Civil Rehabilitation Proceeding, the rehabilitation creditors who filed their proofs of rehabilitation claim agreed to the terms of consent regarding the Civil Rehabilitation Proceedings to proceed smoothly with various procedures including repayment. However, since you have not filed a claim, you have not yet agreed to these terms of consent. In order to facilitate various proceedings, your consent to the terms is required.
Accordingly, we hereby stated the “Terms of Consent Regarding the Civil Rehabilitation Proceedings” at the end of this email, as well as attached the same to this email. Please carefully read the terms therein, and if you agree to the terms, please reply to this email and state the sentence below in the body of your reply.
“I/We hereby agree to and represent as set forth in the “Terms of Consent Regarding the Civil Rehabilitation Proceedings” sent by the rehabilitation trustee, in relation to the civil rehabilitation proceedings for MtGox Co., Ltd.”
The rehabilitation trustee will continue to make an effort to conduct the Civil Rehabilitation Proceeding appropriately and in consultation with the Tokyo District Court, and the rehabilitation trustee would appreciate the understanding and cooperation of all concerned parties.
Rehabilitation Debtor: MtGox Co., Ltd. Rehabilitation Trustee: Nobuaki Kobayashi, Attorney-at-law
事件番号 平成29年(再)第35号 / Case Number 2017 (sai) No. 35 再生債務者 株式会社MTGOX / Rehabilitation Debtor: MTGOX Co., Ltd.
民事再生手続に関する同意事項 Terms of Consent Regarding the Civil Rehabilitation Proceedings
1. 私/当社は、上記債権者番号の自認債権者本人であり、私/当社が届け出た情報は真実、正確かつ完全であること。その違反に起因又は関連して生じるあらゆる損害、損失、債務、コスト又は費用(以下「損害等」という。)について、株式会社MTGOX(以下「MTGOX」という。)及びMTGOXの民事再生手続(東京地方裁判所平成29年(再)第35号。以下「本民事再生手続」という。)における管財人(その代理及び補佐を含み、以下「再生管財人」という。)は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I am/We are the creditor of self-approved rehabilitation claims that has the above creditor number, and I/we represent that the information that I/we have provided therein is true, accurate, and complete. MtGox Co., Ltd. (“MTGOX”) and the trustee (including deputy trustees and assistant trustees; the “Rehabilitation Trustee”) of the MTGOX civil rehabilitation proceedings (Tokyo District Court; 2017 (sai) Case No. 35; the “Civil Rehabilitation Proceedings”) are not liable in any respect for any damage, loss, liability, cost or expense (“Damages”) arising out of or in connection with any breach of such representation, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
2. 再生管財人の故意によらず、ビットコイン及びビットコインから分岐した他の仮想通貨(以下「フォークコイン」といい、ビットコインと総称して「ビットコイン等」という。)の技術上の問題・障害等に起因又は関連して生じるあらゆる損害等(ビットコイン等又は金銭による弁済を受領できないことによる損害を含むが、これに限られない。)について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any technical issue, impediment, or other ground, in the absence of without willful misconduct by the Rehabilitation Trustee, regarding Bitcoin or any other cryptocurrency split from Bitcoin (a “Fork Coin”; collectively with Bitcoin, “Bitcoin, Etc.”) (including, but not limited to, any damage related to payments in Bitcoin, Etc. or cash not being received), and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
3. 私/当社は、本書式のダウンロードその他のために必要なコンピュータ等の機器、ソフトウェアその他のアプリケーション、通信回線その他の通信環境等の準備(必要なアプリケーションのインストールを含む。)及び維持、並びに自らの利用環境に応じたコンピュータ・ウイルスの感染の防止、不正アクセス及び情報漏洩の防止等のセキュリティ対策を、自らの費用と責任において行うこと。本項に定める事項の違反に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。私/当社は、MTGOX及び再生管財人が利用環境を推奨した場合であっても動作保証は行わないことを認識し、これに同意していること。 I/We will, at my/our expense and responsibility, setup and maintain computers and other equipment, software and other applications, telecommunication lines and other telecommunication environments, among others, necessary to download this form (including installing necessary applications) and, in accordance with my/our use environment, take security measures, such as preventing infection by computer viruses, unauthorized access and information divulgence. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any breach of any matter stipulated in this paragraph, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. I/We acknowledge and agree that notwithstanding that MTGOX and the Rehabilitation Trustee have recommended a use environment its operation is not guaranteed in any respect.
4. 私/当社は、自らの責任において、MTGOXのビットコイン取引所に登録していたユーザーネーム、メールアドレス及びパスワード、MTGOXの破産手続(東京地方裁判所平成26年(フ)第3830号。以下「本破産手続」という。)において債権者情報として登録した連絡先メールアドレス等私/当社であることの確認のために必要な情報及びこれに関連するもの(以下、総称して「パスワード等」という。)を管理、保管するものとし、パスワード等を第三者に利用させたり、貸与、譲渡、名義変更、売買その他処分をしたりしないこと。再生管財人は、私/当社のパスワード等により行われた一切の行為を、私/当社の行為とみなすことができ、パスワード等の管理不十分、使用上の過誤、漏洩、第三者の使用、盗用等に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We will, at my/our responsibility, manage and store user names, email address and passwords registered on the MTGOX Bitcoin exchange; the contact address registered as creditor information in the bankruptcy proceedings (Tokyo District Court; 2014 (fu) Case No. 3830; the “Bankruptcy Proceedings”); or any other information necessary for identity confirmation and anything related thereto (collectively, the “Passwords”) and will neither permit any third party to use the Passwords nor lend, assign, transfer ownership, trade, or handle the Passwords in any other manner. The Rehabilitation Trustee may deem all acts conducted with my/our Passwords as mine/our act; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with insufficient management, erroneous use, divulgence, third party use, illegal use, or otherwise of the Passwords, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
5. 私/当社は、再生管財人が定めている又は今後定める、再生管財人が用意した方式・方法による届出・通知及びこれに関連する事項を行う際のルール(今後の変更を含む。)を理解した上でこれに従うものとし、当該ルールに違反し、又は違反しようとしたことに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We will familiarize myself/ourselves with and follow current rules or future rules (as amended from time to time) for any filing/notifying with the form/method the Rehabilitation Trustee provided and anything related thereto stipulated, by the Rehabilitation Trustee; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any breach of or any attempted breach of the rules, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
6. 他のウェブサイトからMTGOXのウェブサイトへのリンクが提供されている場合においても、MTGOXのウェブサイト以外のウェブサイト及びそこから得られる情報並びにそれに起因又は関連して生じる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any website other than MTGOX’s website, any information obtained therefrom, and any Damages arising out of or in connection with the same, notwithstanding that MTGOX’s website may be linked on another website, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
7. 私/当社と他の再生債権者その他の者との間において生じた取引、連絡、紛争等については、私/当社の責任において処理及び解決するものとし、かかる事項及びそれに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/we will, at my/our responsibility, handle and resolve any and all transactions, communication, disputes, among others, arising between me/us, another rehabilitation creditor, or any other person; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any relevant matter and any Damages arising out thereof or in connection therewith, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
8. 法律、政令、法令、命令、通達、条例、ガイドラインその他の規制(以下「法令等」という。)又は消費税を含む税制の将来の制定又は変更に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社は、MTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。また、法令等又は消費税を含む税制の将来の制定又は変更が過去に遡及した場合に、これに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with a future enactment or amendment to a law, cabinet order, ordinance, order, directive, bylaw, guideline, or any other regulation (“Laws”) or the tax system, including consumption tax; and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. Further, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any future enactment or amendment with a retroactive effect on Laws or the tax system including consumption tax, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
9. 裁判所又は再生管財人が、再生管財人が私/当社のメールアドレスと認めるメールアドレス宛に電子メールにより通知を送信することによって、私/当社に対する適法な通知があったものとみなすこと。当該メールアドレスの不備等(メールアドレスの記載漏れを含む。)に起因又は関連して、当該メールアドレスに宛てた電子メールを送信することができず又は電子メールが到達しない場合(到達が確認できない場合を含む。)であっても同様とすること。 An appropriate notification is deemed to have been made to me/us if the court or the Rehabilitation Trustee sends a notification via email to the email address which is considered to be my/our email address by the Rehabilitation Trustee. The same applies notwithstanding that, due to, or in connection with, an inadequacy, inaccurateness or incompleteness, or any other issue (including omission of the email address), in or with that email address, an email addressed to that email address cannot be sent or the email is not delivered including where receipt is unconfirmed.
10.私/当社が本届出書を利用して行った再生債権の届出の内容について、再生管財人が裁判所その他必要な第三者に提出すること。 The Rehabilitation Trustee may submit the proof of rehabilitation claim filed by me/us using this form to the court and other third parties as necessary.
11.私/当社は、本民事再生手続においてパスワード等を用いて入手することができる一切の情報(他の再生債権者に関する情報を含むが、これに限られない。)を、本民事再生手続における権利行使の目的にのみ使用することとし、第三者に提供、開示又は漏洩しないこと。 I/We will use information (including, but not limited to, information related to any other rehabilitation creditors) acquired by using the Passwords in the Civil Rehabilitation Proceedings only for the purpose of exercising rights in the Civil Rehabilitation Proceedings and will not provide, disclose, or divulge such information to any third party.
12.私/当社の本民事再生手続における議決権の額は、再生管財人が提示する次の為替レートによって、円換算されて評価されること。 The amount of my/our voting rights in the Civil Rehabilitation Proceedings is computed through conversion to Japanese Yen (JPY) using the following exchange rates provided by the Rehabilitation Trustee:
(a) 外国通貨 平成30年6月21日(日本時間)の東京外国為替市場・電信為替売相場として三菱UFJリサーチ&コンサルティング株式会社が公表した相場 Foreign currency: the exchange rates publicly announced by Mitsubishi UFJ Research and Consulting Co., Ltd. as the Tokyo Foreign Exchange Market / Telegraphic Transfer Selling Rate on June 21, 2018 (Japan Time) (b) ビットコイン 平成30年6月21日23時59分(日本時間)時点のCoinDeskが発表する米国ドル建てのビットコイン相場を(a)の相場により日本円に換算した金額(1 BTC=6,724.57米国ドル=749,318.83円。1米国ドル=111.43円) Bitcoin: the amount obtained by converting the Bitcoin price denominated in USD announced by CoinDesk at 23:59 on June 21, 2018 (Japan Time) to JPY using the exchange rate referred to in the above (a). (1 BTC=6,724.57 USD = 749,318.83 JPY; 1 USD = 111.43 JPY) (c) ビットコインキャッシュ 平成30年6月21日23時59分(日本時間)時点のCoinDeskが発表する米国ドル建てのビットコインキャッシュ相場を(a)の相場により日本円に換算した金額(1 BCH=874.82米国ドル=97,481.19円。1米国ドル=111.43円) Bitcoin Cash: the amount obtained by converting the Bitcoin Cash Price denominated in USD announced by CoinDesk at 23:59 on June 21, 2018 (Japan time) to JPY using the exchange rate referred to in the above (a). (1 BCH = 874.82 USD = 97,481.19 JPY; 1 USD = 111.43 JPY) (d) その他の仮想通貨 金額は未定 Amounts for other cryptocurrencies: not determined
13.本民事再生手続においては、ビットコイン等の返還請求権は非金銭債権として取り扱われ、当該返還請求権に係る遅延損害金は生じないこととすること。 In the Civil Rehabilitation Proceedings, the right to claim for return of Bitcoin Etc. is treated as a non-monetary claim, and no delay damages pertaining to such right to claim for return will accrue.
14.再生管財人の私/当社への弁済(金銭及びビットコイン等の弁済を含む。)及びこれに関連する行為が、日本国の外国為替及び外国貿易法、米国財務省の金融制裁(OFAC規制)その他私/当社に関して適用のあるいかなる法令等にも抵触しないこと。再生管財人は、再生管財人の実施する私/当社への弁済及びこれに関連する行為が、日本国外の法令等に抵触しないことをいかなる意味においても保証しないこと。これらの法令等への抵触に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。再生管財人の私/当社への弁済に起因又は関連して私/当社に課される一切の公租公課(当該弁済の態様によって公租公課の額が増減する場合を含む。)は、私/当社が負担し、当該公租公課又はその増減に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Any payment (including payment of cash and Bitcoin Etc.) to me/us by the Rehabilitation Trustee and any act related thereto do not conflict with the Foreign Exchange and Foreign Trade Act of Japan, the United States Department of the Treasury’s financial sanctions (OFAC regulations) and any other applicable Laws. The Rehabilitation Trustee does not guarantee, in any respect, that payment to me/us by the Rehabilitation Trustee and any act related thereto do not conflict with Laws outside of Japan. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with any conflict with any applicable Laws, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee. I/We will bear all taxes and other public charges (including any increases or decreases in the amount of taxes and other public charges due to the manner of the payment) levied on me/us arising out of or in connection with any payment to me/us by the Rehabilitation Trustee; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such taxes and other public charges and increase or decrease thereof, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
15.再生管財人が、仮想通貨取引所(日本国内の仮想通貨交換業者を含むが、これに限られない。以下同じ。)又は金融機関(資金移動業者を含む。以下同じ。)に開設された再生債権者の口座に対して弁済金を振り込む場合、私/当社は、再生管財人の指定する方法により届け出た氏名・名称と同一名義の仮想通貨取引所又は金融機関の口座で受け取ること。 If the Rehabilitation Trustee transfers the money for distribution to an account of a rehabilitation creditor opened at a cryptocurrency exchange (including, but not limited to, cryptocurrency exchangers in Japan; the same applies below) or a financial institution (including fund transfer operators; the same applies below), I/we will receive the same in the account at the cryptocurrency exchange or the financial institution under the same name as that name I/we notified in the manner designated by the Rehabilitation Trustee.
16.私/当社が再生管財人の指定する仮想通貨取引所に開設した口座でビットコイン等及び/又は金銭で弁済を受ける場合には、次の各事項。 If I/we receive payment in Bitcoin Etc. and/or in cash in an account opened at the cryptocurrency exchange designated by the Rehabilitation Trustee, the following applies:
(a) 私/当社は、送付先等の必要情報を正確に提供しなければならず、その誤りから結果的にビットコイン等及び/又は金銭を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/we must accurately provide necessary information about my/our accounts, among others, and, notwithstanding that an error therein results in my/our not receiving Bitcoin, Etc. or cash, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such non-receipt, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(b) 再生管財人がビットコイン等及び/又は金銭を当該仮想通貨取引所に交付した時点で弁済が完了し、MTGOX及び再生管財人の弁済義務は消滅するものとし、再生管財人による当該仮想通貨取引所へのビットコイン等及び/又は金銭の交付後、私/当社が何らかの理由(仮想通貨のブロックチェーンの不具合、仮想通貨取引所のシステムの不具合を含むが、これらに限られない。)により仮想通貨取引所からのビットコイン等及び/又は金銭の適切な弁済を受けることができなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 The instant the Rehabilitation Trustee sends Bitcoin, Etc. or cash to the cryptocurrency exchange, the payment by MTGOX and the Rehabilitation Trustee is deemed complete, and the payment obligation of MTGOX and the Rehabilitation Trustee is deemed to be discharged; and, after Bitcoin Etc. or cash has been sent to the cryptocurrency exchange by the Rehabilitation Trustee, notwithstanding that I/we fail to receive appropriate payment of Bitcoin Etc. or cash from the cryptocurrency exchange for any reason (including, but not limited to, a malfunction in the blockchain of the cryptocurrency or a system malfunction at the cryptocurrency exchange), MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such failure, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
17.私/当社が金融機関の口座において金銭で弁済を受ける場合には、次の各事項。 If I/we receive cash in an account at a financial institution, the following applies:
(a) 私/当社は、送付先等の必要情報を正確に提供しなければならず、その誤りから結果的に金銭を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 I/We must accurately provide necessary information about my/our accounts, among others, and, notwithstanding that an error therein results in my/our not receiving cash, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with that, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(b) 取扱通貨の種別や送金元銀行との取引の有無、日本国内外の法令等及び各金融機関の内部基準への抵触並びに諸手数料の発生その他要因に基づき弁済金を受領できなかったとしても、それに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that I/we fail to receive cash for distribution due to unavailability of the designated currencies or transactions with the designated financial institutions, any conflict with Laws in or outside Japan or an internal standard of any relevant financial institution, various processing charges and fees, or any other causes, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with that, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
(c) 諸手数料等を差し引いた金額の弁済金を受け取る場合であっても、当該諸手数料等に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that I/we have received payment from which various processing charges and fees have been deducted, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such processing charges and fees, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
18.フォークコインに係る再生債権の届出については、ビットコインに関する再生債権の届出をもって、届け出たビットコインの数に応じて、フォークコインに係る再生債権についても届け出たものとみなし、再生債権者は独自にフォークコインに係る再生債権を届け出ないこと。再生債権の届出があるとみなされるフォークコインは、通常の方法により売却可能であり、かつ、財産的価値のあるものに限られ、それ以外のフォークコインについては、再生債権の届出があるとは認められないこと。なお、ビットコインキャッシュは再生債権の届出があるとみなされるフォークコインに含まれること。 The filing of a proof of rehabilitation claim for a Fork Coin is deemed to have been made in proportion to the number of the filed Bitcoin for which the proof of rehabilitation claim has been filed, and the rehabilitation creditor cannot file its own proof of rehabilitation claim for a Fork Coin. Fork Coins that are deemed to have been filed are limited to those that can be sold in an ordinary manner and that have property value, and no other Fork Coin will be recognized as being deemed to have been filed. Bitcoin Cash is included in Fork Coins that are deemed to have been filed.
19.私/当社が再生管財人により認められた債権を契約により第三者に譲渡する場合には、当該譲渡契約の準拠法は日本法にするものとし、MTGOX及び再生管財人に当該譲渡を対抗するためには、日本法に基づく債権譲渡の対抗要件その他再生管財人が指定する要件を備えることが必要であること。再生管財人は、各国の法令等の定め及び債権譲渡契約で定められた準拠法の定めにかかわらず、日本法のみに基づき債権譲渡契約の有効性及び対抗要件具備の有無を判断すること。再生管財人が日本法に基づき債権譲渡契約の有効性及び対抗要件具備の有無を判断することに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 If I/we intend to transfer or assign any rehabilitation claim that was approved by the Rehabilitation Trustee to any third party pursuant to an agreement, the governing law for such agreement shall be Japanese law, and the perfection requirements in accordance with the relevant Japanese law and any other requirements specified by the Rehabilitation Trustee shall be fully satisfied to perfect such claim transfer or assignment against MTGOX and the Rehabilitation Trustee. The Rehabilitation Trustee will determine the validity of such claim transfer or assignment and perfection thereof pursuant only to Japanese law, irrespective of any statute in each country’s Laws and any governing law provided for in such agreement. MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with the Rehabilitation Trustee determining the validity of such claim transfer or assignment and perfection thereof pursuant to Japanese law, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
20.再生管財人による債権譲渡の承認が、債権譲渡の承認に必要な手続(譲渡人及び譲受人の本人確認、譲渡を証明する文書の検証を含むが、これらに限られない。)その他の理由により遅滞した場合であっても、これに起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私/当社はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 Notwithstanding that approval by the Rehabilitation Trustee of a claim transfer or assignment is delayed by the procedures necessary for approval of a claim transfer or assignment (including, but not limited to, identity check of the transferoassignor and transferee/assignee and verification of documents proving transfer or assignment) or any other reason, MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such delay, and I/we will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
21.ある再生債権を譲渡する場合、当該再生債権の全部を譲渡することとし、その一部のみを譲渡しないこと。 If a rehabilitation claim is transferred or assigned, all of such rehabilitation claim, not part thereof, shall be transferred or assigned.
22.ビットコイン等に係る再生債権を譲渡する場合には、対象となるビットコイン及び当該ビットコインから分岐したフォークコインを併せて譲渡するものとし、ビットコイン又はフォークコインに係る再生債権を個別に譲渡しないこと。 If a rehabilitation claim pertaining to Bitcoin, Etc. is transferred or assigned, the Bitcoin subject to such transfer or assignment and the Fork Coin split from such Bitcoin shall be transferred or assigned collectively, and a rehabilitation claim pertaining to Bitcoin or Fork Coin shall not be transferred or assigned individually.
23.情報の取扱いに関する同意事項 Matters of consent related to information management
(a) 再生管財人が、以下の情報(個人情報の保護に関する法律(平成15年法律第57号)第2条第1項により定義される個人情報その他識別された又は識別可能な自然人に関する一切の情報を含むが、これに限られない。以下同じ。)を収集すること。 The Rehabilitation Trustee may collect the information below (including, but not limited to, personal information defined under Article 2(1) of the Act on the Protection of Personal Information (Act No. 57 of 2003) and any other information relating to an identified or identifiable natural person; the same applies below)
i. 私/当社が再生管財人に提供する情報 information that I/we provided to the Rehabilitation Trustee;
ii. 私/当社以外の情報源(身元証明サービス機関を含むが、これに限られない。)から収集する私/当社の情報 information concerning me/us provided by an information source (including, but not limited to, organizations providing ID verification services) other than myself/ourselves;
iii. 本破産手続において、私/当社が本破産手続の破産管財人に提供した一切の情報 all information that I/we provided to the bankruptcy trustee of the Bankruptcy Proceedings;
iv. 私/当社が、MTGOXに提供した一切の情報 all information that I/we provided to MTGOX; and
v. その他再生管財人が適正な方法により取得し、又は今後取得する情報 any other information acquired, or to be acquired going forward, by the Rehabilitation Trustee using an appropriate method
(b) 再生管財人が、収集した上記(a)の情報を、以下の目的で日本国内外で管理及び利用すること。 The Rehabilitation Trustee may manage and use collected information stated in (a) above for the purposes below in and outside of Japan.
i. 再生債権の届出、調査、再生計画の立案、再生計画に基づく弁済その他の本民事再生手続の適切な遂行 filing proofs of rehabilitation claim, investigations of rehabilitation claims, drafting a rehabilitation plan, distribution in accordance with a rehabilitation plan, or any other appropriate execution of the Civil Rehabilitation Proceedings;
ii. 公益的な目的のためにする、日本国内外の行政官庁・捜査機関・司法機関への上記(a)の情報の開示又は提供 disclosing or providing information stated in (a) above to any government office, any investigation agency, or any judicial agency in or outside of Japan for the purpose of serving public interests; and
iii. その他上記目的に付随する目的 any other purposes incidental to the above purposes.
(c) 再生管財人が、上記(b)の目的のため、上記(a)の情報を、第三者(以下の者を含むが、これらに限られない。)に開示又は提供する場合があること。これらの第三者には、①米国、②カナダ、③イギリス、④私/当社が所在する国及び⑤私/当社が再生債権の弁済の受領のために利用する金融機関又は仮想通貨取引所が所在する国に、それぞれ所在する第三者が含まれること。 The Rehabilitation Trustee may disclose or provide information stated in (a) above for the purpose of (b) above to any third party (including, but not limited to, the persons below). The third parties hereunder include third parties located in (i) the United States of America, (ii) Canada, (iii) the United Kingdom, (iv) the country in which I am/we are located, and (v) the country in which the financial institution or cryptocurrency exchange that I/we use to receive payment for the rehabilitation claim is located.
東京地方裁判所その他裁判所(日本国外の裁判所を含む。)、本民事再生手続及び本破産手続(併せて以下「本民事再生手続等」という。)における調査委員(その代理及び補佐を含む。)その他の機関、日本国内外の行政官庁・捜査機関、管財人が本民事再生手続等の遂行のために依頼する法律事務所及びデロイトトーマツコンサルティング合同会社等の専門家、金融機関、仮想通貨取引所、他の再生債権者、Eメールサービスプロバイダー、及び詐欺行為検証サービスプロバイダー Tokyo District Court and other courts (including courts outside of Japan); the Examiner (chosa iin) (including deputy examiners and assistant examiners) and other officers or bodies in the Civil Rehabilitation Proceedings or the Bankruptcy Proceedings (collectively, the “Civil Rehabilitation Proceedings, Etc.”); government offices and investigation agencies in or outside of Japan; counsel and experts including the law firms and Deloitte Tohmatsu Consulting LLC. which the trustee has retained to proceed with the Civil Rehabilitation Proceedings, Etc.; financial institutions; cryptocurrency exchangers; other rehabilitation creditors; email service providers; and fraudulent act verification service providers
(d) 管財人は、本民事再生手続等に必要な限りで私/当社のブラウザ設定により影響されない特定の永続クッキーを使用する可能性があること。 The trustee might, to the extent necessary for the Civil Rehabilitation Proceedings, Etc., use a specific permanent cookies setting that will be unaffected by my/our browser setting.
24.私/当社の再生債権に関する事項が、オンライン上で他の再生債権者による閲覧の対象となり、また、東京地方裁判所において本民事再生手続の利害関係人の閲覧及び謄写の対象となる場合があること。 The information regarding my/our rehabilitation claim may be available online to other rehabilitation creditors, and may be subject to the inspection and copying thereof at the Tokyo District Court by an interested party in the Civil Rehabilitation Proceedings.
25.私が死亡した場合、本民事再生手続との関係では、再生管財人が、日本の法令等及び実務に従って、相続に関する各種関係資料の提出を求め、また、誰を再生債権者として取り扱うかについて判断すること、及び、当該判断に起因又は関連して生じるあらゆる損害等について、MTGOX及び再生管財人は一切の責任を負わず、私及び私の相続人はMTGOX及び再生管財人に対して当該損害等に関して損害賠償請求、補償請求その他一切の請求をしないこと。 For the purpose of the Civil Rehabilitation Proceedings, in the event that I died, the Rehabilitation Trustee may, in accordance with the Laws and practices of Japan, request for relevant evidence and explanation on the inheritance and determine who to be treated as the rehabilitation creditor; and MTGOX and the Rehabilitation Trustee are not liable in any respect for any Damages arising out of or in connection with such determination, and I and my heir(s)/successor(s) will not make any claim for damages or compensation, or make any other claim with respect to such Damages against MTGOX or the Rehabilitation Trustee.
26.本同意事項は日本語を正文とすること。本同意事項につき作成される英語の翻訳文は参考にすぎず、日本語と英語との間で相互に内容の相違、矛盾がある場合であっても、日本語のみが効力を有すること。 The governing language of these terms of consent shall be the Japanese language. The English-language translation thereof is merely for reference purposes only; and notwithstanding any discrepancy or contradiction in details between the Japanese-language original and the English-language translation the Japanese-language original shall prevail.
27. 本民事再生手続等及びこれに関連又は付随して生じる一切の請求又は紛争は日本法に準拠し、東京地方裁判所を専属的合意管轄裁判所とすること。 The Civil Rehabilitation Proceedings, Etc. and all claims and disputes arising out of, in connection with, or incidental to, the Civil Rehabilitation Proceedings, Etc. are governed by Japanese law, and the Tokyo District Court shall have exclusive jurisdiction.
28. 再生管財人が、本同意事項を必要に応じ変更すること。但し、再生管財人が変更についてwww.mtgox.comにおいて告知したものに限る。 The Rehabilitation Trustee will, as necessary, amend these terms of consent. However, amendments are limited to those that the Rehabilitation Trustee has notified on the website www.mtgox.com.
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Bitcoin Mt. Gox FLASH CRASH! Bitcoins at $0.01 Each - YouTube

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