Monthly Archives: October 2018

US Regulator Issues Cease and Desist Orders Against Three Crypto Promoters

The North Dakota Securities Commissioner issued cease and desist against three crypto promoters for misleading representation and violating securities law. North Dakota Securities Commissioner Karen Tyler has issued cease and desist orders against three firms for allegedly offering unregistered and fraudulent securities in the form of Initial Coin Offerings (ICOs), according to an announcement published Oct. 11. The companies at the center of the orders are Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin a/k/a LifecrosscoinGmbH. Per the statement, Crystal Token (CYL) is an “evolutionary […]

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Former Economic Adviser to US President Trump Joins Blockchain Startup Board

A former economic adviser to U.S. Pres. Donald Trump has joined the board of blockchain-related tech company Spring Labs. Gary Cohn — former chief economic adviser to U.S. Pres. Donald Trump — has joined the board of advisers of blockchain-related tech company Spring Labs, according to a press release published, Oct. 12. In addition to serving in the Trump administration, Cohn has previously worked as COO of American banking giant Goldman Sachs, and most recently served as a director of the U.S. National Economic Council. In the […]

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Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco

Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last month. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Business Transfer Agreement Tech Bureau, the operator of Zaif, has signed an agreement to transfer Zaif’s business to Fisco Cryptocurrency Exchange (FCCE), the company announced Wednesday. Zaif claims that it was hacked on […]

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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in Bithumb for a while and was the exchange’s fifth largest shareholder until today’s announcement. The new deal will see the consortium acquire a “50 percent plus one […]

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Coinbase Has Just Added ZRX, Its First ERC-20 Token

Making good on a promise it made back in March of this year, Coinbase has just added its first ERC-20 token. ZRX, the token of the 0x (pronounced “zero x”) protocol began trading on Coinbase Pro (formerly GDAX), the exchange’s professional trading platform, on October 11, 2018.   “Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York,” […]

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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. These are the unsettling claims made by a new report released by blockchain and virtual currency forensics firm CipherTrace. The most popular target currency still appears to be bitcoin, and one of the document’s key findings is that roughly 97 percent of bitcoin used in illegal transactions or that stem from […]

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Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand

The main suspect in a Bitcoin fraud case in Thailand was detained at a Bangkok airport after being on the lam for 2 months. Thai citizen Prinya Jaravijit, who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok, the Bangkok Post reports Friday, Oct. 12. According to newspaper, Jaravijit arrived in Bangkok on a flight from South Korea en route from the U.S., where he allegedly spent two months after his brother’s detention in connection […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 12

While many predicted Bitcoin to be an alternative to gold, during the recent drop in stock markets, cryptocurrencies also sold aggressively. 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. In 2017, Bitcoin (BTC) was being projected as an alternative to gold. Many believed that with its unique properties, […]

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Ex-Coinbase Executive Adam White Joins ICE’s Crypto Platform Bakkt, Sources Say

Shortly after leaving Coinbase, Adam White has now become the Chief Operating Officer at Intercontinental Exchange’s crypto platform Bakkt. Former head of institutional platform group at Coinbase crypto exchange Adam White is reportedly joining Intercontinental Exchange’s (ICE) platform Bakkt. ICE’s new hire was revealed by anonymous sources familiar with the matter cited by news outlet The Block on Oct. 12. White left Coinbase in early October, declining to comment on his decision. However, a spokesperson of Coinbase then said that the company was “extremely sad to see […]

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Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders

Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace. Also read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering This Year’s Underperforming Coins Have Fared Worse Than You Think It’s easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have […]

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