Monthly Archives: June 2018

SEC Chairman: Cryptocurrencies Like Bitcoin Are Not Securities, but Most ICOs Are

U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities. “We are not going to do any violence to the traditional definition of a security that has worked for a long time,” he explained to CNBC. “There’s no need to change the definition. A token, a […]

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Data Prediction Sites Show More Conservative Cryptocurrency Price Forecasts

There are a lot of members within the cryptocurrency industry who have tried to predict the price of digital assets like Bitcoin Core (BTC). Furthermore, there are also a ton of bigwig Wall Street types who also try to predict the price of cryptocurrencies — While some of their BTC forecasts predict the currency’s value will drop to zero, a few of them believe it will be $25-100K per coin by the end of 2018. Then there are organizations who use software and data analysis to predict […]

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Crypto Market Update: Major Coins Stem Further Losses, With Bitcoin Brushing $7,700

Crypto markets are holding their ground, mostly seeing minor fluctuations within the 2-3% range, with most top ten coins in the green. Although crypto markets are still down over the past month, most of the top ten coins are in the green today, June 7. Market visualization from Coin360 Bitcoin (BTC) is comfortably holding above the $7,600 threshold and inching to a new price point of $7,700, trading at around $7,690 at press time. The leading cryptocurrency, up almost 2.3 percent over a 24-hour period, saw an […]

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Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad

Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in mind, an open source design will allow other ASIC developers to release their own compatible units. Also read: Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers Obelisk Proposes a More Open ASIC […]

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Mining Giant Bitmain’s CEO Wu ‘Open’ to Hong Kong IPO, Report Says

The CEO of Bitcoin mining tech giant Bitmain has appeared to confirm he would be interested in conducting an IPO for the company in future. The CEO of crypto mining hardware giant Bitmain, Jihan Wu, has confirmed he is “open” to conducting an overseas initial public offering (IPO), Bloomberg reports today, June 7. Speaking in an interview in Hong Kong, Wu, who claims to own up to 28 percent of China-headquartered Bitmain, said an IPO in the region –  or any market which U.S. dollar-denominated shares – […]

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Russian President Vladimir Putin Publicly Addresses Crypto, Says Practically Nothing

Russia’s President Putin addresses cryptocurrency in his annual “Direct Line” session today, saying Russia is keeping a careful eye on its development. Russian President Vladimir Putin issued ambiguous, but mostly negative, commentary on the question of Russian issuing its own cryptocurrency during his annual live question and answer session with the Russian public today, June 7. On today’s live session with the president, known as the “Direct Line”, Russian blogger Artem Khokholikov asked the president three questions about cryptocurrency: “Will Russia have its own cryptocurrency? […] Will […]

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Coinbase Acquires Investment Firms to Offer Regulated Crypto Securities

Coinbase is seeking to become a fully licensed broker-dealer through its acquisition of three federally regulated firms. The company is confident that it will get the approvals necessary to start offering fully-regulated crypto securities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinbase as Regulated Broker-Dealer One of the world’s largest cryptocurrency companies, Coinbase, has implemented a plan to list crypto securities, the company announced on Wednesday. President and COO, Asiff Hirji, wrote: Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, […]

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Innosilicon A9 ZMaster 50 Ksol/s Equihash ASIC Miner

Innosilicon has just announced their A9 ZMaster ASIC miner for the Equihash algorithm used by Zcash (ZEC) and other coins that is apparently capable of 50000 Sol/s with just 620W of power usage. This significantly outperforms the already announced Bitmain Antminer Z9 mini that should be offering 10 Ksol/s with 300W of power usage, but what makes us frown here is the price that Innosilicon wants to charge you for this device. The Innosilicon A9 ZMaster should cost $9999 USD with a PSU included even though the […]

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From Chatroom to Classroom: The Evolution of Blockchain Education

With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development. In the years following the technology’s inception, community demand for instructional information and educational materials began to rise. Soon after Nakamoto bootstrapped the network, coders would look for guidance on developing the software, business heads would look for information on Bitcoin’s financial ramifications, and enthusiasts would look for ways to support the network through mining and investing. Early adopters […]

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Money20/20 Review: Central Banks Closely Monitoring Crypto and Blockchain

Four speakers from major central banks weigh in on cryptocurrencies midway through 2018. The world of cryptocurrencies and banking crossed paths once again at the Money20/20 conference in Europe on June 4-6. Fintech companies and financial service providers came together at the conference to talk money and technology − in particular, how the two can come together in a more efficient way. Since cryptocurrencies have entered the mainstream, largely due to a breakout year in 2017, both the fintech and financial sectors can no longer ignore the […]

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