BFX Tokens and BitCache Unleashed: BTCManager’s Week in Review for August 8

COmicBitfinexKimdotcomCompiled from contributions by Joseph Young, Nigel Dollentas, Jamie Holmes and Michael Scott.

Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’

Over the past week Bitfinex confirmed a hack that resulted in the loss of 119,756 BTC, a price amounting to $64 million USD. During this time the insurance policy which Bitfinex was insured under was updated though only in accordance with changes claimed to have been implemented back in January. A possible perpetrator has begun posting a 1000 BTC giveaway which raises the questions on if the give away is legit, fake or using the bitcoin stolen from the hack.

Trezor’s Risk Mitigation Method for Bitcoin Users

In the wake of the Bitfinex hack, Trezor, a company that is often referred to as the pioneer of bitcoin cold hardware wallet, recently published a report to provide a few simple methods regular bitcoin users can utilize to secure their funds. Trezor’s solution suggests relying on cold storage wallet service providers like themselves to secure funds.

Bitcoin Browser ‘Brave’ to Boost Speed and Privacy

Brave, a Bitcoin Browser focused on privacy, speed, and micropayments for content, has recently secured an initial seed fund worth $4.5 million from Propel Ventures,

Read more ... source: TheBitcoinNews