Monthly Archives: October 2018

SEC Obtains Emergency Court Order to Halt Questionable ICO

The U.S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC. According to the SEC, Blockvest has repeatedly violated both anti-fraud and securities registration provisions by incorrectly claiming that its ICO had obtained regulatory approval from Commission officials. The order further states that Ringgold — who also works under the name Rasool […]

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Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta

Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports six digital coins, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months. Also read: Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley- ‘Hybrid’ Exchange Facilitates Payments, Remittances and OTC Trades “Today we launch the Kubitx Exchange feature release version 0.1,” Victor Philips, co-founder and chief operating officer at Kubitx, […]

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Tether shows signs of weakness: The beginning of a new scandal?

TL;DR Tether experienced a 2.1% decline to the US dollar, and rival stable coin TrueUSD experienced a 4% increase when paired with Tether. The weakness in USDT has been attributed to the breaking news story about Bitfinex halting all fiat currency deposits. The exchange is one of the largest holders of Tether with 259 million USDT. Yesterday more than 100 million USDT was removed from Bitfinex and sent to unidentified addresses. In the past 12 hours, crypto market prices have experienced a significant decline: BTC dropped by […]

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Risk Takers #2- Frank Makrides – Founder of Tunnel By Kasey Win

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“This Isn’t How We Saw This Going”: Civil’s Token Sale Is Treading Water

Despite a flurry of media attention surrounding the project, Civil, an Ethereum-based platform aiming to save journalism, can’t seem to get enough buyers for its token. The project released a transparency report showing the figures behind its CVL token sale, which ends at 11:59 p.m. EST on Monday, October 15, 2018, and the numbers do not look good. “This isn’t how we saw this going,” Civil founder Matthew Iles wrote on October 10. “We don’t know if it will work.” The project needs to raise $8 million […]

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FSB: Crypto-Assets Not a Threat to Global Financial Order

Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report.  Also Read: Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’ Report Advocates ‘Vigilant Monitoring’ In a document titled “Crypto-asset markets: Potential channels for future financial stability implications,” the FSB argues against an alarmist view of the perceived threat that cryptocurrencies may pose to financial markets throughout the world. […]

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0x Token Listed on Coinbase Pro Exchange

U.S. cryptocurrency exchange and wallet provider Coinbase confirmed it would open trading for decentralized Ethereum token trading platform 0x’s native ZRX token on Coinbase Pro. In a blog post, the California-based company revealed ZRX would go live on the Coinbase Pro trading platform, with Coinbase.com and mobile apps to follow later. ZRX is launching on […] Powered by WPeMatico

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Nearly $1 Billion Stolen in Crypto Hacks in 2018

Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the 2017 levels, according to cyber security firm CipherTrace. The recently published report, which looks at criminal activity and money laundering in the digital currency market, also showed […] Powered by WPeMatico

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#HCPP18 – Interview with CryptoRaptor from YouTube #LIVE

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Bitcoin Puzzle’s $1.9M Prize Purportedly Won in a Week

Last week, a bitcoin picture puzzle appeared online in which players were challenged to uncover the private key to a BTC wallet. The game sparked major interest, for its 310 BTC prize was magnitudes greater than anything previously offered by a game of this nature. But it appears that somebody has now won the jackpot, as the wallet was drained on Oct. 10. Also read: Bitcoin Puzzle Games Are Growing in Popularity Crypto Challenge Promises Greatest Jackpot of Its Kind “This is a challenge in which 310 […]

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