Monthly Archives: September 2018

New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation

A recent report by the New York Attorney General’s office claims that crypto exchanges are vulnerable to manipulation. A new report published by the New York Attorney General’s office on September 18 says that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The report represents the results of the “Virtual Markets Integrity Initiative” launched in April, when New York Attorney General Eric T. Schneiderman sent letters to thirteen crypto exchanges, requesting information on their operations, internal controls and other key issues. The […]

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen-backed stablecoin. Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local government of the city of Hangzhou and Chinese crypto billionaire Xiaolai Li. Yao stated that the company plans to attract […]

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German Frankfurt School to Issue Blockchain-Based Course Certificates

The Frankfurt School of Finance & Management has introduced blockchain-based coursework certificates for its students. The Frankfurt School of Finance & Management (FS) in Germany will now offer students the ability to prove their qualifications using blockchain technology, Cointelegraph auf Deutsch reported September 17. As part of a pilot program, graduates of one of FS’ courses on blockchain technology will be able to prove their successful completion of the course with a certification stored on a blockchain itself. For the pilot project, FS is working with Consensys, […]

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UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry

The U.K. government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry. The U.K. government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry, Finance Feeds reports September 18. Lord Taylor of Warwick is reported to have asked “Her Majesty’s Government what assessment they have made of reports that the value of cryptocurrencies in the United States is falling, and of […]

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Construction of Morocco’s 36 Megawatt Bitcoin Mining Farm to Start in January 2019

A U.S. private equity firm says it will push ahead with building a Bitcoin mining farm in Morocco next year. A Bitcoin mining company formed from a U.S. private equity firm plans to begin building a 36 megawatt farm in Morocco from January next year, Ars Technica reports Tuesday, September 18. Soluna, the product of New York-based Brookstone Partners, intends to leverage local laws by eventually selling at least 20 percent of its electricity output back to the Moroccan government. The scheme, known as a power purchasing […]

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Battle of the Privacycoins: Verge Offers Little Privacy and Nothing Unique

Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited. Government agencies, analytics companies and other interested parties — let’s call them “spies” — have ways to analyze the public blockchains and peer-to-peer networks of cryptocurrencies like Bitcoin, to cluster addresses and tie them to IP addresses or other identifying information. Unsatisfied with Bitcoin’s privacy features, several cryptocurrency projects have, over the years, launched with […]

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Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse

In response to a natural disaster challenge, a dev claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain. A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing tools in order to find relief solutions for natural disasters. The off-grid transaction was completed on […]

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Switzerland to Exchange Blockchain Regulatory Experience With Israel

Switzerland’s officials visit Israel to request access to local market for Swiss banks, share notes on blockchain and cryptocurrency regulations. Switzerland and Israel have agreed to share their experience on regulating the blockchain industry, Reuters reports Monday, September 17, citing both countries’ high-ranking officials. Switzerland’s Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser have recently visited Israel to officially request access to the local markets for Swiss banks. As Gasser told Reuters, by the end of 2018 he plans to prepare […]

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Crypto Startup Reels in Twitch Executive to Spearhead Adoption Strategies

Kin Ecosystem Foundation, the nonprofit governance organization for the Kin cryptocurrency, has announced the appointment of Matthew DiPietro as its chief marketing officer (CMO) today, September 18, 2018. Prior to joining Kin as its CMO, DiPietro was senior vice president of marketing at Twitch, the world’s leading video platform and community for gamers, where he drove mainstream adoption of live streaming. Messaging app Kik was founded in 2009, and it became known as the first chat app that went viral in 2010, growing from zero to a […]

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ETH and XRP See Major Boost Amid Checkered Market Outlook

While the wider crypto markets remain shaky, Ripple and Ethereum have seen a major boost and recovery, respectively. Tuesday, September 18: while the wider crypto markets remain shaky, Ripple (XRP) has today seen a major price boost, and Ethereum (ETH) has also strongly rebounded from recent losses, as data from Coin360 shows. Market visualization by Coin360 Having settled to circle the $6,500 mark towards the end of last week, Bitcoin (BTC) has subsequently seen some volatility, plummeting below the $6,300 point yesterday. The top coin is now […]

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