Monthly Archives: November 2018

Ethereum Founder Vitalik Buterin Receives Honorary Doctorate

Vitalik Buterin left academia four years ago to pursue a career in crypto. Now, the Ethereum founder’s contributions to the industry (and the computer science field at large) have earned him an honorary Ph.D. — in the same year he might have eventually completed his undergrad degree. In 2014, disenchanted with academics, Buterin accepted a Thiel Fellowship for his preliminary work on Ethereum and dropped out in his freshman year at the University of Waterloo to work on the smart contract platform. Today, the University of Basel’s […]

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SEC Chairman: Investors Should Consider Lack of ‘Safeguards’ Before Investing in Crypto

U.S. SEC Chairman Jay Clayton reiterated his wary view of the cryptocurrency markets, warning investors against the major risks of trading. U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton reiterated his wary view of the crypto markets during an interview. His discussion with New York Times columnist Andrew Ross Sorkin took place at the The Times Center in New York City Nov. 29. Mid-way through the interview, Clayton told Sorkin that the securities regulator had worked hard to educate investors about the risks of participating in […]

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‘Nour’ and a New Friend: Satoshi Nakamoto’s P2P Profile Makes New Post, Befriends User

An account once associated with BTC creator Satoshi Nakamoto on P2P Foundation has posted a one-word status update and befriended another user. An account once associated with Bitcoin (BTC) creator Satoshi Nakamoto on the non-profit global network P2P Foundation posted a one-word status update yesterday, Nov. 29. While the account is tied to Nakamoto’s old email address satoshin@gmx.com — the same address that reportedly uploaded one of the early Bitcoin papers to P2P back in 2009 — the same email was allegedly hacked in November 2014, four […]

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Bitcoin Mining Startup Envion Ordered to Close by Swiss Court

A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations to a halt. Also read: Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3 Founding Partners Sue Each Other Founding partners Michael Luckow and Matthias Woestmann have repeatedly gone to court to sue each other over allegations […]

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Crypto Markets See Persistent Red, Bitcoin Briefly Dips Below $4K

The crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4-10% range. Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and […]

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SEC Hits Floyd Mayweather and DJ Khaled With Fines for Unlawful ICO Promotion

The U.S. Securities and Exchange Commission has hit two celebrities with record fines for shilling initial coin offerings (ICOs). Boxer Floyd Mayweather Jr. and music producer DJ Khaled were taken to task for failing to disclose payments they received for touting the projects. The case marks the first time the SEC has taken against celebs for ICO promotion. Also read: Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering Centra ICO Censured Again by SEC The SEC has settled charges with Mayweather and Khaled for ICO […]

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Belarus: High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

The rules for operation of the cryptocurrency market in Belarus have been approved, after being released by the country’s High Tech Park. Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general rules for industry regulations — Decree No. […]

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Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

Bitmain has released the Bitmain Crypto Index, designed to give both institutional and retail investors a “transparent” price benchmark. Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. In a methodology overview, Bitmain said the product was “developed to provide institutional and […]

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Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

Deutsche Bank’s headquarters and five other offices have been raided by 170 police officers, prosecutors, and tax inspectors over money laundering allegations. The bank’s written and electronic business documents were reportedly seized. Its employees allegedly helped clients set up offshore companies to launder money. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Deutsche Bank Raided Six Deutsche Bank offices in and around Frankfurt, including its headquarters, were raided on Thursday over money laundering allegations. The raid of Germany’s biggest bank with assets worth […]

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American Tech Giant Intel Files New Patent for Energy-Efficient Bitcoin Mining

Technology company Intel has filed a new patent aimed at reducing energy costs for Bitcoin mining by up to 15 percent. U.S. technology giant Intel has filed a new patent for “energy-efficient high-performance Bitcoin mining,” according to a U.S. Patent and Trademark Office (USPTO) filing published Nov. 27. The Intel patent is dedicated to a “hardware accelerator implementing SHA-256 hash using optimized data paths” and aims to reduce energy for Bitcoin (BTC) mining up to 15 percent, according to the publication. The documents states that “clusters of […]

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