Infinity Economics to release subscription feature

Following the release of crowdfunding IEP is rolling out subscription feature on April 21
10 April 2018   589

With the announcement of the new feature roadmap, detailing the activation of the platform's new features as the blockchain reaches a certain height, on April 21 Infinity Economics has set to launch its subscription functionality, Previously, managing and scaling subscriptions was a tedious process. With this subscription feature embedded into the platform, users will be able to initiate and cancel any decentralized recurring payments at any time. These recurring payments are usually designed for services with multiple payments over time, or merely to keep a special account 'alive' by replenishing its balance.

A new enhanced transaction framework is the foundation of the subscription mechanism. Such foundation now allows users to make payments of any size and interval to other accounts. The upcoming IEP marketplace shall have the subscriptions as an integral part. Infinity Economics is aiming to build a cryptocurrency market with a superb level of security and a low margin of membership.

At the moment of publication, the market parameters for Infinity Economics are as follows

Average price: $0.010545

Volume: $298,887

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   70

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.