Monthly Archives: May 2018

$35 Bln Wiped Off Crypto Markets As BTC Tests $10k, Only To Retreat

More than $35 bln dollars were wiped off the crypto markets this weekend, as BTC failed to break the $10k resistance. May 7: more than $35 bln dollars were wiped off the crypto markets this weekend, as Bitcoin (BTC) tantalizingly tested the $10,000 resistance, only to retrace Sunday, May 6. Total market capitalization, which came close to half a trln on Saturday, is now down to $429 bln as of press time, as per Coinmarketcap data. All but one of the top ten coins are in the […]

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South Korean Top Regulator Considers Easing Cryptocurrency Regulations

The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He is a known “activist and reformist” and has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in this sector. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New FSS Chief to Relax Crypto Regulations The South Korean Financial Supervisory Service (FSS) will have a new governor as of this Tuesday. The country’s President Moon Jae-in has approved the […]

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Bitcoin in Brief Monday: Elon Musk Takes on Bitcoin-Bashing Warren Buffett

Today’s edition of Bitcoin in Brief focuses on a clash between the old guard of the global economy, fearing new innovations they can’t understand, and the young entrepreneurs using them to change the world. We will also show how sometimes well-meaning regulations can backfire and hurt the lawmakers’ own goals. Also Read: Robinhood App Expands Cryptocurrency Trading to Two More US States Dinosaur Attack They say that “if you’re not catching flak you’re not over the target,” so bitcoin must be getting closer to hitting Wall Street […]

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Bitcoin ABC Developers Address a Vulnerability Found

On April 26, 2018, the Bitcoin ABC development team were notified of a critical issue that applies to Bitcoin Cash miners who were utilizing the Bitcoin-ABC 0.17.0 client. After analyzing the vulnerability ABC developers created a patch and distributed the new ABC client 0.17.1 and released the software to BCH mining pools.     Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitcoin ABC Developers Address a Vulnerability Found in the Client Version 0.17.0 Just recently the Bitcoin ABC development team were notified of a vulnerability in […]

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600 Stolen Bitcoin Miners From Icelandic Heist Suspected To Be In China

Icelandic police have sent an enquiry to China after a count of confiscated mining hardware in Tianjin exactly matched the missing machines stolen in Iceland earlier this year. The missing machines from an unsolved Bitcoin (BTC) mining hardware theft in Iceland earlier this year may be in China, Icelandic media outlet RUV reported May 5. Icelandic police are reported to have now issued an enquiry to Chinese authorities, after news broke in late April that 600 devices used to mine BTC had been seized in the northern […]

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In A Bid For Transparency, European Crypto Exchanges Call For Regulations

European regulators should produce comprehensive yet fair regulations for the crypto industry, two exchanges have said. European cryptocurrency exchanges renewed calls for suitable regulations as the international legal landscape continues to vary, Bloomberg reports  May 7. Speaking to Bloomberg, UK trading platform eToro and Austrian exchange Bitpanda voiced concerns that both inadequate and overbearing antimoney laundering and/or know your customer (AML/KYC) regulation would not allow them to “know where they stand” as businesses. “We’d be happy to have regulations, so we know where we stand,” Bitpanda CEO […]

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PR: Bitcoin ABC releases vulnerability fix for Bitcoin Cash

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. This Press Release contains information regarding the response to a critical vulnerability applicable to miners of Bitcoin Cash using Bitcoin-ABC version 0.17.0. Appropriate action has been taken to mitigate the impact of this vulnerability. This release is provided for information purposes only. […]

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All Cryptocurrency Exchanges in Japan Must Comply With Five New Criteria

The Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior to approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Coincheck 2.0 The Japanese Financial Services Agency (FSA) has set new rules for the registration of cryptocurrency exchanges, Nikkei reported on Sunday. The agency aims to promote compliance and protect customer […]

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Sole Seven-Star Hotel in Venezuela to Accept Only Petro

A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms Luxury Priced in Petro The Humboldt hotel is a landmark of Caracas, and is considered among the most interesting examples of XX century urban architecture. It’s located in the Waraira Repano National […]

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Washington Utility Increases Security Amid Crypto Mining Moratorium

A utility provider in Washington has ramped up security measures in anticipation of backlash in response to a moratorium recently placed on cryptocurrency miners by the company. Despite the measures, the company has not experienced a single incident requiring police assistance. Also Read: Ripple Sued for Alleged Violations of US Securities Laws Washington Utility Fears Backlash From Disconnected Crypto Miners Chelan County Power Utility District (PUD) of north-central Washington has enacted heightened security measures including “bulletproof panels and security cameras at PUD headquarters” according to local media. Reports […]

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