Crypto in Press [2018-06-09] - TRON bug bounty, Norwegian Air CEO Bitcoin Exchange, $30 Billion btc dump, Bart Smith

1. TRON UPS THE ANTE, RAISES BUG BOUNTY TO $10 MILLION

2. Norwegian Air CEO Launching Bitcoin Exchange, May Sell Tickets

3. Flash Transfer: Bitcoin Holders Dumped $30 Billion Since December

4. Bart Smith Says Regulatory Clarity Will Jump-start Institutional Investments

1. Last week TRON CEO Justin Sun announced the launch of a bug bounty program with a top reward of $100k. The announcement coincided with the project’s much anticipated mainnet launch. The next day, however, Sun announced that they were increasing that amount to a cool $10 million.

TRON GETS SERIOUS ABOUT SECURITY
Following its mainnet launch on May 31st, Justin Sun, Founder and CEO of TRON, also announced a bug bounty campaign with the highest reward of $100,000 for identifying critical network issues. Just a day later, however, he raised the stakes significantly, raising the maximum reward to $10 million. The reason given for the increase was to emphasize just how seriously TRON takes the security of its network.

According to the official bug bounty program documentation found on the project’s GitHub, the campaign will take place between May 31st and June 24th. The goal of the program is to enlist the help of the wider crypto community to discover any potential technical vulnerabilities in the TRON mainnet.

The original bounty cap of $100,000 was impressive in its own right, placing TRON squarely alongside tech giants like Microsoft and Apple in terms of highest bug bounty rewards. A $10 million reward, on the other hand, puts TRON in a league of its own.

Bugs found during the bug bounty campaign will be assigned a level of severity – intermediate, advanced, and fatal. The reward payout structure for each level is as follows:

Read more on: http://bitcoinist.com/tron-trx-ups-ante-raises-bug-bounty-10-million/

2. Billionaire Norwegian Air CEO Bjørn Kjos launched the Norwegian Block Exchange (NBX) in April, a company executives say “will explore and exploit potential opportunities that lie in blockade and ledger technology.”

Read more on: https://www.ccn.com/norwegian-air-ceo-launching-bitcoin-exchange-may-sell-tickets-for-crypto/

3. From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in December.

Read more on: https://news.bitcoin.com/flash-transfer-bitcoin-hodlers-dumped-30-billion-since-december/

4. Bart Smith, who was crowned “Wall Street’s Crypto King” by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided.

Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first experimented with bitcoin trading in 2014.

Since then, the privately-held company has launched a crypto trading desk manned by a dozen traders who buy and sell millions of dollars in bitcoin and other cryptocurrencies every day.

“We have a dedicated team of traders and technologists,” he told CNBC. “We’ve been trading bitcoin primarily, but in 2017 as the marketplace expanded, we expanded the number of coins we were trading and the number of exchanges we were providing liquidity on.”

Smith added: “We are trading on average a couple hundred million dollars a day [on bitcoin futures] across CME and CFE combined that’s not retail.”

Read more on: https://www.ccn.com/wall-streets-crypto-king-says-regulatory-clarity-will-jumpstart-institutional-investments/

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