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Crypto News

Mt. Gox Placed Under Civil Rehabilitation Procedures By The Tokyo District Court

The Mt.Gox case, one of the most emblematic cases regarding the theft of digital coins, could be resolved favorably for creditors, once the Tokyo District Court heard the petition to initiate a civil rehabilitation proceeding and suspended the ongoing bankruptcy proceeding.

The decision was made known on Friday, June 22nd, 2018, through Nobuaki Kobayashi, who was appointed by the court as trustee in this new state of the trial. Until now, Kobayashi was the bankruptcy trustee of Mt.Gox. The replacement of the Bankruptcy process by a civil rehabilitation process had been filed by a group of creditors on November 29th, 2017, to find a more flexible and beneficial formula for handling the company’s bankruptcy.

The trustee explained in a document he released on Friday that the main difference between the two processes is that, in “bankruptcy proceedings, non-monetary claims become money claims,” thus explaining why the company’s assets must be liquidated to compensate creditors. That does not happen in the civil rehabilitation procedures, which will allow the company to respond to the creditors who demand the return of their Bitcoin (BTC).

Nobuaki Kobayashi, Mt. Gox “Bitcoin Whale” trustee, also presented the schedule of the Mt. Gox civil rehabilitation procedures

While serving as bankruptcy trustee, Nobuaki Kobayashi became famous for selling about $400 million in Bitcoin (BTC) and Bitcoin Cash (BCH) on behalf of Mt. Gox’s creditors. He also had $1.9 billion more to liquidate.

There were rumors in the cryptocurrency community that the Mt. Gox civil rehabilitation process might have affected the value of Bitcoin (BTC) which dropped significantly in the last days.

During this new phase of the Mt.Gox case, creditors must refile their claims with the trustee, and this procedure will open the door for the creditors who lagged behind in the first round. Nobuaki Kobayashi will re-evaluate the claims under the supervision of the Tokyo District Court.

The trustee presented a tentative schedule for the civil rehabilitation procedures, where a meeting with the creditors regarding the state of Mt. Gox assets will take place on September 26th. The program also indicates that the Mt. Gox civil rehabilitation plan will be ready by February 14th, 2019.

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News Tech

iOS 11.4 and 12 Jailbreak Beta Demonstrated in a Recent Video

Soon after a footage demonstrating a jailbreak of iOS 11.4 appeared online, another video shook the virtual environment. Although the subject is similar, this time, next to the beta version of iOS 11.4, viewers witnessed a successful jailbreak of the beta version of iOS 12.

Just like when the previous initiative appeared, some people were curious to see the video, but now, since they had seen an iOS 11.4 jailbreak before, the demonstration wasn’t such a big surprise. After this, people are still wondering what will follow, but nobody can anticipate the tendency and how will Apple react to this.

The video was posted by the security researcher Qixun Zhao. The expert is also known as SorryMyBad in the online environment and he made the footage public on a social network. The whole idea behind his initiative is to perform a safari based jailbreak of the beta versions of iOS 12 and iOS 11.4. What made it even more interesting is the fact that it was performed remotely.

After he posted the video on Youku, Zhao used Twitter to announce it. So far, we don’t know if he intends to make the jailbreak public, but if he does, the event won’t happen before the official release of the final version of iOS 12. Then, the operating system becomes available and the public would know what to expect.

What will follow

At present, people are waiting for an Electra jailbreak of iOS 11.3.1. The author, CoolStar, announced that it’s on its way and it will arrive soon. In addition, Jonathan Levin announced his plans to update former versions of LiberiOS and LiberTV. His intention was also promoted on social media.

If you are curious to see the video and want to find out more about the safari based jailbreak, you can find it here:

For more information and updates on the matter follow iClarified on their social channels: Twitter, Google+, Facebook or RSS.

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

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Crypto News

Ethereum (ETH) Officially Announced The Release Of Swarm Client v0.3 PoC With New Features

This Thursday, June 21st, Ethereum (ETH) social networks announced the release of Swarm Client v0.3, its third proof of concept (PoC), which includes new and experimental features, including a node-to-node messaging protocol.

As reported on the Ethereum (ETH) official blog, Swarm Client is a service that uses the SWAP protocol and provides API (Application Programming Interface) for uploading and downloading content to the cloud. Web services will be dispensed with through Swarm, as URLs can be used to host websites and decentralized applications (DApps) and can be used as a decentralized and distributed storage solution using Ethereum’s public registry.

The vision is of a new Internet that has no downtime and offers resistance to censorship, but is also economically self-sustaining thanks to an integrated incentive system.

Official Ethereum (ETH) blog

PSS (Postal Service over Swarm) is one of the new features included in the new Ethereum (ETH) Swarm Client v0.3 update

PSS is an experimental messaging protocol, which uses the same P2P connections used for data storage and delivery, to send messages from node to node. Swarm expects this infrastructure to be the basis of an entirely new internal communication system.

Another new experimental feature in this third proof of concept is the Mutable Resource of Swarm that facilitates access to changing content, as Swarm has integrated with the Ethereum Name Service (ENS), in the Ethereum (ETH) blockchain.

Also, this third proof of concept included a utility called FUSE, which will allow users to integrate Swarm data directly into their local Linux and Mac file systems and ensure automatic synchronization with Swarm.

The new Swarm Client v0.3 also offers a built-in encryption system to provide secure loading of private data. The version is available on the public test network and provides interested parties with the technical details of this update in the Swarm Guide. Also noteworthy is that Ethereum (ETH) is the second blockchain project in the cryptocurrencies market by market capitalization.

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Crypto News

TRON (TRX) – TRON Mainnet Dubbed As Unsafe By The Digital Asset Research Company

With a few days to go before the transfer of TRX tokens to the TRON mainnet, TRON (TRX) admins are being criticized on social networks for new allegations of copying files from Github’s repositories without observing the open source software licensing requirements. Independent studies, on the other hand, warn of several potential areas of failure when token migration to the TRON main network is initiated.

In this regard, Lucas Nuzzi, director of the Digital Asset Research (DAR) company, said in a tweet that anticipates setbacks in the migration of TRON tokens.

If you think that the release of #EOS was chaotic, expect the release of #TRON in the next few days. It also happened that I reviewed the entire $TRX base code. My eyes hurt.

Lucas Nuzzi, Director of the Digital Asset Research (DAR), on Twitter

Also, Nuzzi referred to TRON (TRX) as the Frankenstein of the cryptocurrencies market.

TRON mainnet could be exposed to technical failures

A release in Medium, done by Digital Asset Research (DAR), showed more details of the analysis of the TRON (TRX) software and pointed out that despite finding several additional files of copied programs in their entirety, without proper attribution of authorship, these improper copies “pale in comparison to the technical risks of the project.”

Among the weaknesses of the project is that JavaTRON is a copy of EthereumJ, with some known flaws, a library of Ethereum programs that allow interacting with the Ethereum (ETH) blockchain using the Java language.

On the other hand, it is argued that the TRON Virtual Machine is copied from the Ethereum Virtual Machine, but that the added modifications would compromise security, as they “increase the area of attacks on the network.”

Another aspect that leads to potential failures, according to DAR, is the incorporation of the DPoS algorithm that would expose TRON mainnet to individual technical shortcomings after launch “since the project combines technologies originally developed for different system architectures.”

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Games News

GTA 5 Best Cheat Codes to Create a More Intense Gaming Experience

Most games available for various platforms offer players the possibility to obtain progress and advantages by using cheats. Things are different when it comes to Grand Theft Auto 5, because here cheats contribute to creating a more intense gaming experience by introducing mechanics and other elements.

Developers considered that these features wouldn’t fit in the game’s general atmosphere unless tied to the cheats. From this we can conclude that games from Grand Theft Auto series receive an important boost from cheats.

Gamers who play GTA 5 on PS4 and Xbox One should know all about cheats and how to use them if they want to benefit from their awesome effects. By pressing some keys, players will get a lot of cheats that help them perform super crazy high jumps into the air, become invincible or even maximize their health level and armour strength.

Cheats work in single player mode

The most important thing gamers should have in mind is that cheats work if they’re not used online and only in single player story mode. Also, they are supported by PS4 and Xbox One, but forget the way you are used to introduce the keyboard in your experience if you want to start benefiting from cheats. Thanks to them, you’ll discover different possible uses of your keys.

How to use the cheats on PS4 and Xbox One

In fact, GTA players can use two types of cheats, one for PS4 and one for Xbox. The first type of codes can be introduced by using the usual gamepad and the second is the so-called cell phone cheats, which are completely different.

Of course, you’ll have to learn more and look for an online guide that can help you understand the differences and tell you what the cheats are and how to use them. Maybe this video will help:

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

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