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Ethereum co-founder Joseph Lubin does not see recent cryptocurrency price slump as a constraint to further growth, says bubbles make the ecosystem stronger
The U.S. Securities and Exchange Commission (SEC) has issued an officer and director bar, a penny stock bar, and a penalty of $30,000 to a fraudulent ICO founder today. According to the official press release, David T. Laurance was previously found guilty for taking part in deceitful security offerings. Laurance’s LinkedIn profile shows that he is the presidentThe post SEC Smacks ICO Fraudster with $30,000 Fine, Lifetime Trading Ban appeared first on CCN
Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent. This is definitely a huge boost for coin holders and as more mainstream companies eye the efficient platform, we might...The post Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis: Low Prices, Better Altcoin Stability appeared first on NewsBTC.
Earlier Tuesday, the U.S. Securities and Exchange Commission announced that it had obtained permanent officer-and-director and penny stock bans against Tomahawk Exploration founder, David T. Laurance, who has also been accused of violating federal securities laws in connection with the fraudulent Tomahawkcoin ICO. According to the order, the Tomahawkcoin ICO, which was launched in July 2017,...The post SEC Brings the Banhammer Down on Tomahawkcoin ICO Founder Over Fraud Allegations appeared first on Live Bitcoin News.
Could we soon see a token-backed project listed on one of the biggest equity venues in the world? An Asian ICO venture is reportedly trying to take over a Tokyo Stock Exchange listed firm, which would effectively make it a public company. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China […]The post An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company appeared first on Bitcoin News.
Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other cryptocurrencies do not qualify as legal tender. However, the country is purportedly working actively on a regulatory framework to addressRead MoreThe post Hungary Does Not Consider Cryptocurrency Legal Tender Yet appeared first on Bitcoinist.com.
Jim Cramer, host of CNBC’s Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark. In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one...The post Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin appeared first on NewsBTC.
CBOE Global Markets Inc. could well become the first company to win approval for a bitcoin ETF, but whether that coveted accomplishment materializes remains to be seen. For his part, Chris Concannon, CBOE’s president and CEO, said that he is optimistic that the Securities and Exchange Commission will grant his wish, but he recognizes that … ContinuedThe post CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action appeared first on CCN
Counter to its initial announcement, marijuana culture media group High Times will not to accept Bitcoin in its IPO
Fantasy sports club the Crown League announced today the launch of the first blockchain-based professional fantasy football league that will run in tandem with the upcoming National Football League (NFL) season. Players will be able to own part of their fantasy franchises, as well as the league, through the blockchain, which will grant them rights...The post Fantasy Football Club Crown League to Use Blockchain to Operate eSports Platform appeared first on NewsBTC.
In two short weeks, ETHUSD was devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease:Figure 1: ETH-USD, 1-Day Candles, Macro TrendAs a general idea of just how extended the market is, take a look at the 50 EMA (the blue curve) in the image above. The 50 EMA acts as a fast-acting equilibrium curve that shows the price relative to its price history. Currently, the market is highly separated from its equilibrium. Often, when this happens, the market goes through a capitulation phase that has a very strong reaction causing both short profit taking and bottom-callers to shove the price strongly back in the direction it came from.The 127% Fib extension of the most recent bullish rally on ETHUSD reveals a likely target for this capitulation. Historically, this price level (the $230 area) has also served as a key area for buyer interest to step in:Figure 2: ETH-USD, Daily Candles, 127% Fib ExtensionOur current trend is showing an expansion of volume and price spread — very similar to the two v-bottom reversals shown above. Right now,...
Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency supportThe post Playboy Sues Cryptocurrency Company for Breach of Contract appeared first on CCN
It is hard to ascertain whether the digital age was born out of the internet or vice versa. One thing that is for certain is that we now live in a new epoch. More than half the people on the planet have regular access to the internet, which presents an overwhelming opportunity for innovation, creativity […]
A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China […]The post Caribbean Central Bank Explores Issuing Its Own Digital Coin appeared first on Bitcoin News.
Under the new framework, Wyre's regulated money transfer infrastructure will be used to facilitate the instantaneous movement of “fiat currency directly into and out of Dai,” thereby removing the unpredictability of “speculative cryptocurrencies like Ethereum and Bitcoin” and benefiting from the speed and security of the blockchain, a press release for the announcement states. The arrangement is designed to give customers a quick and secure money transfer protocol that offers full regulatory compliance.“Pairing Dai to Wyre’s trading engine and global fiat on-ramps and off-ramps will enable nearly-instant movement of funds across borders. By decreasing the amount of time it takes to clear payments, businesses can increase the number of payment cycles, therefore increasing revenue. Remittance platforms or crypto services can also settle instantly in Dai rather than using international wires which can take up to 48 hours,” the release continues.Through the partnership, Wyre now offers prospective users an Access Point Interface (API) to connect their bank accounts to the blockchain through Dai, while taking care of KYC/AML compliance and onboarding concerns. Using the API, users can now trade Dai against many of the world's major fiat currencies and cryptocurrencies including USD, GBP, EUR and more.Speaking with Bitcoin Magazine, Rune Christensen, CEO of MakerDAO, said the alliance would be beneficial to A...
Chinese state-owned Aerospace Science and Industry Corporation Ltd. is using blockchain to transform its system for managing billions of electronic invoices nationwide
Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange.Newly leaked public information reveals that, in its pre-IPO presentation to investors, Bitmain provided insight into its cryptocurrency holdings, which shows that Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH) in its stead. In a snapshot of a slide from the original presentation, the leftmost column titled “Digital quantity of money” shows Bitmain’s bitcoin supply decreased from 71,560 BTC to 22,082 from December 2016 to Q1 2018. Over the same period, its BCH holding increased to over 1 million coins. Samson Mow, CSO of Blockstream, pointed out that Bitmain has incurred half a billion dollars in losses through its BCH holdings over the last three months alone. Scrutinizing the company further, Mow pointed out that Bitmain chose not to disclose financial data for its Q2 inventory in 2018. The tweet by Mow brings to light that Bitmain reported $1.24 billion in inventory for Q1 2018, while it has not mentioned any numbers for Q2 despite already being well into Q3, raising speculation that Q2 was omitted because the company may have realized a loss between $600-700 million.In a recent Medium blog post, a pseudonymous blogger by the name of Crypto Herpes Cat points out that these losses, and the lack of tr...
The Newest Scandal at Wells Fargo shocks retail investors.The post The System Requires Solutions: A Scandal at Wells Fargo Shocks Retail Investors appeared first on CoinSpeaker.
The creator of a fraudulent, oil-related ICO has accepted multiple bans and a $30,000 fine from the U.S. SEC
A reckoning coming to the cryptocurrency markets, an “extinction-level event” that’s poised to wipe out 90 percent of the more than 1,800 coins and tokens that aren’t named bitcoin. That’s the prognostication of Xapo President Ted Rogers, anyway, who said that the impending altcoin bloodbath will provide discerning investors with an incredible opportunity to loadThe post 90% of Cryptocurrency Market Facing ‘Extinction-Level Event’: Xapo President appeared first on CCN
A reported $100 million has been lost to Initial Coin Offering (ICO) exit scams to date. Furthermore, many of the projects’ tokens have lost nearly all of their value since first being brought to market. An Expensive “I Told You So” In what may be amongst the most expensive “I told you so’s” in the...The post Nearly $100 Million Lost to These ICO Exit Scams appeared first on Live Bitcoin News.
New York-based provider of enterprise blockchain technology Axoni has completed a $32 million Series B funding round, bringing total funding up to date to upwards of $55 million. Axoni Boosted By Lucrative Partnerships Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced the successful completion of a $32 million funding round today. The company’s flagship AxCore technology is used in a rangeRead MoreThe post Axoni Closes $32 Million Funding Round Led By Goldman Sachs appeared first on Bitcoinist.com.
The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services. Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume Jamaica Stock Exchange Plans to Facilitate Crypto-Asset Trades in […]The post Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading appeared first on Bitcoin News.
Mobile payment company Square’s Cash App has recently rolled out Bitcoin trading for all U.S. users
Playboy is suing Canadian blockchain company Global Blockchain Technologies (GBT) for fraud and breach of contract.
On Tuesday (14 August 2018), highly respected American attorney Jake Chervinsky, who works for the prestigious law firm Kobre & Kim, presented his analysis of the current (invester-brought) securities class action lawsuits against Ripple.
Bitcoin continues to extend its downward momentum on Tuesday, lately falling to its lowest trading since June this year. The BTC/USD today opened at 6250-fiat and started recording losses thereafter – during the early Asian trading session. The pair formed a bear pole in pursuance of a breakout towards the south, as we had predictedThe post Bitcoin Price Intraday Analysis: BTCUSD Falls to Lowest since June appeared first on CCN
Facing hyperinflation as well as international sanctions that have brought Venezuela to its knees, controversial President Nicolás Maduro has mandated that his recently-developed Petro cryptocurrency become the nation’s second official currency. Maduro Adopts the Petro as Venezuela’s Second National Currency The news was announced by Maduro in a televised address today, and will officially be in place by August 20,...The post Maduro Mandates Venezuela’s Petro to Become Second National Currency appeared first on NewsBTC.
A private version of the crypto protocol lightning network is headed to zcash, with the potential it could be added for other blockchains soon.
How did Bitmain get to the multibillion investments
At the recent Distributed 2018 conference in San Francisco, Rick Lewis and Dave Hollerith from the Let’s Talk Bitcoin Network interviewed a host of different personalities in the blockchain space about digital privacy.First, the team interviewed David Chaum, one of the forefathers of cryptocurrency as we know it today. Starting from these humble beginnings, Chaum describes a brief history of the earliest days of digital money, as he built much of the enthusiasm for cryptography himself. His brief account of his work in the field gives a huge amount of insight into the culture and passion for privacy that eventually birthed modern cryptocurrency. Reuben Yap, chief operating officer of ZCoin, spoke about some of the cultural challenges in being the first real private cryptocurrency in Malaysia. Yap believes that the most important way to emphasize this concept of digital privacy to a skeptical audience is by putting the issue in financial terms. As Yap puts it, people expect a higher degree of privacy from banks regarding the value of their assets, and he believes that he can tap into this expectation on a greater scale. The platform of ZCoin ultimately seeks to give crypto financial systems an equal expectation of privacy that regular banks would, and this ambitious goal sets it apart.Finally, Patrick Byrne, founder and CEO of Overstock.com, talks about the path that led him to cryptocurrency as well as ...
Bearish Sentiment as derived from Bitfinex long and short position data in the Bitcoin market has rapidly advanced in the past week two weeks, with Short positions at the exchange doubling from 17k short to 34k in the price decline from $7,500 to $5,900, showing no immediate sign of slowing. At the same time, long positions have decreased to lows of 26k, meaning that the bears are outweighing the bulls by 30%. Bears Need NewRead MoreThe post Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears appeared first on Bitcoinist.com.
Review.Network, having a total of 100,000 Beta Users, is scheduled to start its ICO on Sept. 1st, 2018 BELGRADE, SERBIA (Aug. 14th, 2018) – Review.Network, a blockchain-based startup that is focused on the enhancement of the review and market research sector, revealed today that it managed to successfully obtain $1.4 million (USD) from seed investors....The post “Yelp! Of Blockchain” Acquires $1.4M in Seed Investments for Broken Review Industry Improvement appeared first on Live Bitcoin News.
In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual […]The post ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs appeared first on Bitcoin News.
This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain. Mainstream interest is burgeoning, market capitalization for the industry has increased by over 5,900 percent, and the number of cryptocurrencies currently in circulation is at an all-time high. Up until recently, it seemed as if Ethereum would be one of the only platforms capable of fostering the mainstream adoption of blockchain technology. That is, until Cardano (ADA) appeared.While admittedly in its early stages, Cardano is already being labeled by some experts as a scalable solution to several of the inefficiencies created by Ethereum, which, some say, seems to be suffering from its own success. In recent months, the platform has been inundated with a slew of new decentralized applications (DApps) that are creating a bottleneck effect on the Ethereum blockchain. As famously portrayed by the meteoric rise of blockchain craze CryptoKitties, popular Ethereum applications require excessive bandwidth to remain afloat, which ultimately has a detrimental effect on network efficiency. And although ether’s hashrate is growing, it’s being far outpaced by the sheer number of projects being built on the blockchain.By contrast, Cardano has been specifically designed to handle high-volume transactions, operating on a first-of-its-kind ...
South Korea government says crypto exchanges will be excluded from legislation governing venture businesses
The most popular game on Ethereum currently is either a scam or a parody of a scam. The distinction may not matter.
Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time … ContinuedThe post Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market? appeared first on CCN
At press time, the father of cryptocurrency is trading for just over $6,000. This is about $200 less than where it stood during yesterday’s afternoon hours. The coin is continuing to fall deeper and deeper into red territory, though this price is an improvement over where it stood during the early morning, when it fell […]
A recent yellow paper by Vitalik Buterin simplifies and applies a 99 percent Byzantine fault tolerant algorithm for blockchains. ETHNews explains it in language you can understand (minus the math).
Square’s mobile payment app is totally down with bitcoin. Here's a brief timeline of how it got there.
Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs, joined by JPMorgan, Wells Fargo, Citigroup and others
It is clear that the U.S. Securities Exchange Commission (SEC) is conflicted as to whether or not they should approve or deny the variety of Bitcoin ETFs in the running for approval. Many investors are looking towards the CBOE VanEck/SolidX Bitcoin ETF as the most likely ETF to gain SEC approval due to a variety...The post Bitcoin ETF Approval Expected in 2019, Will CBOE to be Approved First? appeared first on NewsBTC.
Blockchain technologies have taken the world by storm. Cryptocurrencies, immutable ledgers, and new forms of authentication are leading the way for a decentralized future. Although this revolution is digital, these advancements are affecting tangible products, commodities, and assets alike. Orthogonal Collective – Cannabis Orthogonal Collective is a socially conscious holding company for cannabis businesses. The...The post Products of the Future are Using the Blockchain appeared first on Live Bitcoin News.
A district judge has slapped down an investor's effort to move a lawsuit against payments firm Ripple to a lower court.
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentionedThe post Download BANKEX Pay App for Free to Store, Send and Receive ERC-20 and ERC-223 Tokens appeared first on CCN
The Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to issue the world’s first bond created, allocated and managed on the blockchain. Once issued, the bond will be managed by the World Bank in Washington and CBA in Sydney over a private Ethereum-based blockchain, with CBA stating that it remains open […]