Alleged Bithumb's employee is suspected of info leak

Crypto Korean have found the leaked mailing screenshots of Bithumb's employee
29 September 2017   1595

One of the employees of largest South Korea's cryptoexchange Bithumb is suspected of divulging the exchange's plans to integrate the Zcash (ZEC) and Qtum crypto currency. This is reported by Crypto Korean.

Screenshots of mailing is added to a Twitter post. Originally, they've appeared on a crypto releated Korean forum. 

ZEC spike
ZEC spike

As you can see on the screenshot above, price spike came emidiatly after the screenshots leak. According to the Whale Panda, suspicions regarding the disclosure of insider information are completely reasonable. On the chart attached to his tweet, it is shown that the price surge occurred just at the moment of the screenshot appearance on the popular Korean forum. Then another price jump is visible - already at the time of the immediate addition of Zcash to the listing of the Bithumb exchange.

Bithumb is the leader in the daily trading volume in South Korea and one of the largest crypto-exchange trading platforms in the world.

Cryptoexchanges rateCryptoexchanges rate 

The high liquidity of the exchange suggests that almost any cryptocurrency falling into the listing of Bithumb, as a rule, receives a sharp price jump. According to analysts, such incidents can adversely affect the reputation of Bithumb, especially in light of the significant tightening of the regulation of the crypto industry in South Korea.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   112

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.