Monthly Archives: September 2018

ConsenSys Initiative Empowers Students to Use Blockchain for Social Good

ConsenSys Social Impact — a program designed to build blockchain-based solutions for global humanitarian issues — is partnering with MakerDAO and optiMize to launch a new Blockchain for Social Impact Incubator at the University of Michigan in Ann Arbor. It is the first university-sponsored program of its kind. Students taking part in the course will receive mentorship and guidance from blockchain advisors, as well as potential funding, as they work to build blockchain-based ventures for improving social good. Finalists will be named at the end of the […]

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Crypto Exchange Poloniex Dumps Eight Underperforming Coins

Cryptocurrency exchange Poloniex is delisting eight coins: BitcoinDark (BTCD), Bitmark (BTM), Einsteinium, (EMC2), Gridcoin (GRC), NeosCoin (NEOS), PotCoin (POT), VeriCoin (VRC) and BitcoinPlus (XBC). The announcement was made today, September 19, 2018. The coins will be delisted on September 25, 2018, and the exchange says that traders have 30 days to close out trades and withdraw the balances from their accounts. Poloniex says the move is part of a “continuous effort to improve the performance of the exchange and to better serve our customers.” A spokesperson from […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 19

The crypto markets keep struggling amidst a similarly mixed outlook from the regulators – the industry still has a long way to go. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Germany’s Minister of Finance Olaf Scholz believes that cryptocurrencies are not yet ready ro replace traditional fiat […]

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New Multibank-Backed Venture to Leverage Blockchain for Commodity Trading

A new venture involving institutional heavy hitters from across banking, trading and energy sectors is tapping into the Ethereum blockchain to settle commodity trades. Headquartered in Switzerland, the initiative called komgo SA brings together ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS and Société Générale. The company has recruited team members from Easy Trading Connect 1 and Easy Trading Connect 2, two blockchain-powered pilots for trading energy and soft commodities. Seeing as the […]

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Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders

Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers. The orders were issued on September 18, 2018, against DGBK Ltd., an offshore digital “bank” that claims to have developed a hack-proof custody solution for digital assets and virtual currencies; Coins Miner Investment Ltd., a Russian cryptocurrency investment promoter; and Ultimate Assets LLC, a purported cryptocurrency and foreign exchange trader. Coins Miner Investment Ltd. Based in Russia, Coins Miner extracts money from U.S. residents under false pretexts, pretending to […]

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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month

Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu Inc., the operator of the Kakao-backed exchange Upbit, said on Wednesday that it is launching a cryptocurrency exchange in Singapore next month, Yonhap reported. Upbit is currently South Korea’s second largest crypto exchange. At the time […]

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Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported

Japanese cryptocurrency exchange Zaif has discovered that a security breach on September 14 led to the loss of $59 million worth of cryptocurrency. Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19. According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion […]

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Copyright on Blockchain, Explained

Copyright rules have always struggled to follow up with technology – and blockchain is creating new challenges, as well as solving some. Can someone post one of my photos or illustrations on blockchain without permission? Not right now… but this could change in the future. The reason why it isn’t possible at the moment is merely technical. Scaling problems (something we’ve reported extensively on at Cointelegraph) mean there’s a limit to the amount of data that can be processed in a single block. As a result, blockchain isn’t […]

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Europol: Bitcoin Remains Cybercriminals’ First Choice, But Privacy-Focused Alts Will Rise

A new cybercrime report from Europol predicts cybercriminals will increasingly turn to anonymity-focused altcoins such as Zcash (ZEC) and Monero (XMR). Europol’s new cybercrime report has found that Bitcoin (BTC) remains the most popular form of crypto for illicit uses, but predicts a rise in the popularity of anonymity-focused altcoins such as Zcash (ZEC) and Monero (XMR). The report, the fifth edition of Europol’s Internet Organised Crime Threat Assessment (IOCTA) to date, was published yesterday, September 18. According to Europol, even as Bitcoin’s market share dropped as […]

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Raising the Dead: Is Bitcoin Cash Fiat Currency?

Since the inception of cryptocurrency, some critics have dubbed it “just another fiat money.” This has been the wail of anti-crypto combatants. They have succumbed to grasping at straws in order to manufacture any rebuttal against the thing they loathe. It doesn’t matter how valid the argument is so long as it satisfies their desire to smear crypto.  Also read: A Third of Humanity Remains Financially Excluded Non-Argument Using this kind of non-argument is akin to raising the dead. When one cannot count on truth to win the […]

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