Monthly Archives: June 2018

New Coinbase Additions: Ethereum Classic and Crypto Index Fund

Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.   Its addition to the exchange has revamped public interest in Ethereum Classic and sent the price of its native currency, ETC, into a dramatic state of flux. Ethereum Classic In May of 2016, The DAO, a decentralized […]

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New Report Blames Tether for Bitcoin’s Bull Run

Tether is back in the news thanks to a new report alleging it played a pivotal role in bitcoin’s mega-bull run last year. This isn’t the first time the dollar-pegged stablecoin has been blamed for market manipulation, but is the most compelling evidence to date that 2017’s record highs may not have been entirely organic. Also read: Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency How Untethered Is Bitcoin? “Is Bitcoin Really Un-Tethered?” runs the title of a provocative new research […]

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Op Ed: Scaling Capital Market Adoption of Blockchain Technology With SHA-3

The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture. Assets of all kinds are being moved to the blockchain, creating a more efficient and economical system for the transfer of value, and management of fractional ownership. This migration isn’t just disrupting the existing financial system, it’s democratizing access to growth capital across the world. Today, security for much of the blockchain community relies on an outdated hash algorithm standard (SHA-2), one not best suited to […]

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India’s Central Bank Admits to Banning Crypto Accounts Without Research

]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work. In reply to a Right to Information query filed by a local lawyer with the Twitter handle Blockchainlaw91, the bank revealed that its decision to ban cryptocurrency-related accounts in the country was made without due consultation or study. How It Started India’s central bank, the Reserve Bank of India, started warning its citizens against the dangers […]

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Paxful Grants Academic Scholarships to Female Afghan Refugees #BuiltWithBitcoin

Paxful, the peer-to-peer (P2P) bitcoin marketplace, has announced new developments in its #BuiltWithBitcoin charitable initiative. The company has granted scholarships to female Afghan refugees in the U.S., and provided additional resources for the Rwandan nursery school that it helped construct. Also Read: Company Asks Israeli Authorities Permission to Pay Salaries in Bitcoin Helping Afghan Women The recipients, which were chosen based on their personal essays, are Susan Naseri, who is interested in non-profit work and law; Dunia Azizi, who will pursue a mathematics degree; and Farzana Nawabi, […]

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New Blockchain-Based Renewable Energy Pilot to Power 500,000 Homes

As the effects of climate change make their mark across the globe, people are more wary of their carbon footprints and are gradually switching to renewable energy. Swytch, a blockchain-based energy platform will work with Energy2market GmbH (e2m), a leader in aggregated energy trading, on a pilot program which will allow it to power homes in Germany with renewable energy while rewarding users with tokens. The large-scale pilot program aims to distribute roughly 3.5Gw of solar, wind, hydro and bio-gas energy capacity, which is enough to power […]

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5 Percent of Monero in Circulation Was Mined Through Malware, Research Finds

New report finds that five percent, or $175 mln, of Monero currently in circulation was mined through cryptojacking. A June 11 report by network and enterprise security company Palo Alto Networks has found that around 5 percent of all Monero (XMR) in circulation was mined maliciously. According to the research, the mining has been done via cryptojacking, the practice of using other users’ computers’ processing power to mine for cryptocurrencies without the owners’ permission. Josh Grunzweig of the Unit 42 threat research team collected data – around […]

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Thomson Reuters Adds Sentiment Data Tracking of 100 Top Cryptocurrencies

Information company Thomson Reuters will now be tracking the top 100 cryptocurrencies on its sentiment data feed. Canadian mass media and information company Thomson Reuters will now be tracking the top 100 currencies in its sentiment data tool. The necessary data will be provided via a partnership with MarketPsych Data LLC, according to a WebWire press release published Wednesday, June 13. In March, Thomson Reuters had added a Bitcoin (BTC) sentiment data feed to its MarketPsych Indices (TRMI), getting data by scanning more than 400 news and […]

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Report: Misconfigured Ethereum Clients Have Resulted in Hack of Around $20 Mln

In mass-scans for exposed RPC interfaces, hackers seize on tinkering developers’ mistake. About $20 mln worth of Ethereum have reportedly been stolen by a group of hackers, exploiting misconfigured Ethereum clients, according to a Bleeping Computer article published June 11. The hackers were able access applications using the Ethereum software which configured their interface to expose a Remote Procedure Call (RPC). The RPC interface allows third parties to query, interact with, and retrieve data from the Ethereum-based service, meaning those with access could get private keys, see […]

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As Bitcoin Futures Volumes Increase Credit Agencies Look to Downgrade Dealers

This past April, news.Bitcoin.com reported on the Bitcoin futures markets offered by the two derivatives giants Cboe and CME Group and how contract volumes were steadily rising. This month, while BTC-spot prices slide to significant lows, both futures products from these two companies are still seeing increased demand for contracts. Also Read: A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9 Bitcoin Futures Volumes Continue to Increase Summer is here and the month of June has been extremely bearish for cryptocurrency markets that have been struggling to […]

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