AppCoins is releasing Aptoide Dev Version

AppCoins has announced the release of the first implementation of its protocol in Aptoide app store on May 2
16 April 2018   692

In full accordance with the roadmap, AppCoins is to launch the "dev" version of the AppCoins integration in Aptoide. This will be an on-chain implementation of the protocol by a "client". The launch is scheduled for May 2. The "dev" version will be made available at the following link. The code name of the release is "Gosling release". This version of Aptoide will support 2 financial flows: install advertised apps earning AppCoins ERC-20 tokens and in-app purchases with ERC-20 tokens.

At this point Aptoide will not feature reputation system as transactions need to exist in order for reputation to build up (will happen after the first deployments). Also, side-chain integration with a state channel / payments channel will not included in the release as well. This is made so that Raiden and OmiseGo will have enough time to be ready. Since the user base will be restricted to testers, the transactions will be straight in the blockchain.

At the moment of publication, AppCoins market parameters are as follows

  • Average price: $0.432295
  • Market cap: $43,252,979
  • Volume (24H): $3,613,030

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.