Monthly Archives: May 2018

CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) have issued a “joint staff advisory that gives exchanges and clearinghouses registered with the CFTC guidance for listing virtual currency derivative products.” In addition to providing guidance regarding “listing […]

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CNBC Shows Bitcoin Cash (BCH) Love, Predicts Mooning

CNBC’s Fast Money hosts and panel were on the defensive during a recent broadcast, as some viewers accused the network of shilling for bitcoin cash (BCH). And, truth be told, CNBC has been showing the decentralized cryptocurrency an inordinate amount of love lately. A segment by a popular analyst, where he forecasts even bigger things for BCH, only added fuel to some trolls’ fire. Chairman Mow is not amused. Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash CNBC Predicts Bitcoin Cash to […]

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CFTC Publishes New Advisory to Clarify Crypto Futures Trading

The Commodity Futures Trading Commission (CFTC) — the United States’ top-ranking derivatives regulator — has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. The cryptocurrency space has been riddled with concerns about the vetting process for contracts, like bitcoin futures, and the CFTC is looking to clear the air. Staff members have issued the following statement: “Commodity Futures Trading Commission (“CFTC” or “Commission”) staff believes it is important to encourage innovation and growth in these products, but […]

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70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities Administrators Association (NASAA) said Monday that US and Canadian securities regulators have launched nationwide investigations on suspicious cryptocurrency investment schemes, the Washington Post reported. This is “the largest coordinated crackdown to date […]

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Verge Cryptocurrency Suffers Its Second Hack in Less Than Two Months

Cryptocurrency Verge has suffered what executives are claiming is a DDoS attack. The platform is experiencing a serious delay in its blockchain, which has led to security concerns amongst users and worries about the currency’s stability. At press time, Verge is trading for roughly $0.052, and its market cap value sits at $785 million. A decrease in the currency’s price has occurred over the last hour, docking Verge down by 0.36 percent, while the coin has fallen by nearly 7 percent over the last 24 hours. Currently, […]

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Crypto Scams Comprise 0.6% of Fraud – Australian Consumer Watchdog

The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible for 0.6% of Australian Losses to Fraud in 2017 The ACCC has published its annual report on the Australian scam economy. The report provides insight into “emerging trends and techniques employed by scammers.” […]

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Merchants Will Soon Be Able to Accept Lightning Payments Through CoinGate

CoinGate, a payment gateway for cryptocurrencies, is planning to launch Bitcoin Lightning Network payments on its platform. As explained in an update published by the company on Reddit, the company is currently testing the technology, and users are invited to join in the tests. The Lithuanian company serves over 4,000 merchants globally by allowing them to accept bitcoin and altcoin payments which can then be converted into BTC, EUR or USD as payouts. Utilizing the Lightning Network, merchants could accept payments instantaneously at reduced transaction fees. CoinGate […]

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This Decentralized Media Hosting Service Aims to Challenge Censorship

Working to “make journalism truly free,” Inkrypt wants to provide a censorship-free, back-end solution for content hosting and delivery. With a focus on transparency, data distribution and immutability, the protocol would give journalists and publishers the means to circulate content without the risk of a central point of failure or the threat of government intervention. Inkrypt was born from the experience of state-propagated censorship that each of its founders confronted before relocating to the United States. “[Inkrypt] is very much a product of the personal backgrounds of […]

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Æternity Launches Starfleet Incubator for Blockchain Innovation

Æternity, a “blockchain 3.0” platform for scalable smart contracts interfacing with real world data, founded by “Godfather of Ethereum” Yanislav Malahov, is announcing the launch of æternity Starfleet, a series of incubator and accelerator programs to support the global blockchain ecosystem by building a network of innovators, investors and industry enthusiasts. “Today’s launch is the culmination of months of extensive research and preparation and underlines our commitment to be the enablers of innovation, strengthening the already thriving blockchain community worldwide,” said Malahov in a statement. “We are […]

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Market Update Report May.22

The crypto market is experiencing another correction against the dollar. The consensus event affected the market for the better, but did not meet the expectations of the price hikes behind it, and we saw a continuation of the downward trend of Bitcoin and the other currencies. The declines in Bitcoin came at a relatively low volume compared to previous declines that came with a very high volume, indicating a lack of confidence in the trading arena and it seems that last year’s big wave is behind us. […]

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