Crypto News, August 14 2018: Red, Red Day

Highlights: Oracle-enabled smart contracts, a new OTC product, and the unhackable wallet... isn't.

Partnership: OpenLaw & ChainLink

Source: Medium

OpenLaw, a framework for legal smart contract creation, has partnered with ChainLink, an oracle service. The partnership will enable new kinds of smart contracts to be created and executed based on criteria the oracle can provide. The example given in the source article is exchange rates - a user can write an agreement in an OpenLaw contract, which can then be enforced by the blockchain using ChainLinks oracles to determine current rates.

Cash App BTC Purchasing Available in All 50 States

Source: Twitter

Payment app Cash App, used to send, receive, and spend money, has announced that users can now use the app to buy Bitcoin in all 50 U.S. States. The app is available for iOS and Android.

AirSwap Announces OTC Product

Source: Airswap

AirSwap is working on a feature called “conversational trading,” an over-the-counter (OTC) trading product. Conversational trading aims to make the OTC process less time-consuming and cumbersome, essentially by providing a “matchmaking” service for interested parties to connect, negotiate, agree on terms, and execute a trade. They will also be partnering with Wyre, a payment platform, to take care of compliance and KYC concerns.

Jamaican Stock Exchange to Offer Crypto

Source: CoinDesk

The Jamaican Stock Exchange (JSE) has entered into an agreement with the Blockstation platform to develop infrastructure for a digital asset exchange. They hope to be operational before the end of the year.

SEC Sanctions Fraudulent ICO

Source: SEC

The SEC has issued sanctions against Tomahawk Exploration LLC, an oil-drilling ICO found by an investigation to be fraudulent. Findings include the failure of the CEO to disclose a previous securities fraud conviction and the misleading of potential investors through issuance of falsified profit projections. As a result, the SEC obtained permanent officer-and-director as well as penny stock bars against the company.

“Unhackable” Wallet Hacked Again, Hacker Threatened by Bitfi

Source: | Twitter | Hackers' Message to Media

Bitfi is refusing to acknowledge that the remote acquisition of a user’s phrase and seed constitutes a “hack,” and are therefore not only refusing to make good on their offer of a bounty, but have actually taken to Twitter to antagonize the hackers. Claiming that no coins have been stolen from a pre-loaded wallet, both Bitfi and McAfee’s Twitter accounts essentially dismiss the idea that any vulnerability has been exploited with laughter and childish taunts. The hackers, who posted a communication in the pastebin link above, have offered to demonstrate the vulnerabilities to a journalist.

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Written content adapted/edited by @thepinkfreudian.