Monthly Archives: October 2020

Security, regulation, and knowledge gaps: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. Bitcoin ends the week about 6 percent up, still beneath $11,000 but having set a record of 63 days above $10,000. Some traders are starting to find the digital coin’s stability boring. They’re looking for more excitement in altcoins and DeFi tokens. OMG network recently jumped more than 25 percent.  Maybe the decline in mining will inject some excitement back into the coin. ChartBTC has pointed out that only 2.5 million coins remain for mining; half will be mined in […]

More info

All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth

Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and all national currencies will be pegged to it. ‘Highly Likely’ Bitcoin Will Become the Reserve Currency The author of “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future,” Jeff Booth, has made the case that bitcoin will become the world’s reserve […]

More info

The need for a dialogue between crypto businesses and regulators

Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry. This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply with SEC Rule 15c3-3 (the Customer Protection Rule) are free to trade digital asset securities.  With more than 50 million people around the world investing and trading in crypto in meaningful volumes, […]

More info

Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment

A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading. Egyptians Increasingly Attracted to Bitcoin Many Egyptians are drawn to bitcoin amid the coronavirus pandemic, economic crisis, and resulting unemployment, Al-Monitor news outlet reported last week. A bitcoin mining and trading expert, Muhammad Abd el-Baseer, is a leading member of the Bitcoin Egypt Community, one of Egypt’s professional online communities […]

More info

A guide to setting up a crypto business in Switzerland

How to use the opportunities that the Swiss regulatory system provides for crypto projects wisely to speed up the launch of your product. As the cryptocurrency world matures with more and more jurisdictions legalizing it and ensuring crypto becomes an industry standard, cryptocurrency receives a quality mark that proves that it can earn users’ trust. Over the next four years, the European Union will introduce new rules that will allow the introduction of blockchain technologies and crypto assets into the traditional financial sector.  For now, however, the […]

More info

KuCoin CEO claims hacking suspects identified

They’ve already gotten the police involved. As the fallout from the hack on its platform continues, KuCoin said it has identified suspects and have now officially involved law enforcement in the investigation.  KuCoin CEO Johnny Lyu tweeted on Oct. 3 that the exchange now has substantial proof that identifies who hacked the service on Sept. 26.  A quick update since my last livestream on Sep 30. After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law […]

More info

Dash should not be considered a privacy coin, Dash team says

What a statement from a coin whose white paper originally proclaimed it as “a privacy-centric cryptographic currency.” Once viewed as one of the crypto industry’s top privacy-focused assets, Dash (DASH) no longer operates under that classification, according to the Dash Core Group, the body overseeing the asset and its development.  When asked if Dash should remain under the category of a privacy asset, Fernando Gutierrez, CMO for the Dash Core Group, told Cointelegraph:  “No, Dash is a payments cryptocurrency, with a strong focus on usability, which includes speed, cost, […]

More info

Indictments issued for BitMEX senior team are a signal to all

Is BitMEX too big to fail, or are the charges a serious threat? On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate its services.  BitMEX is one of the world’s largest crypto exchanges and has a reputation for being notoriously “relaxed” on Know Your Customer and ID procedures for its users — at least […]

More info

Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector

Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis. Now, the government is moving to regulate the industry in an effort to flush out illegal miners as well as to control the amount of electricity utilized in the extraction of bitcoin. According to Abkhazia’s official cabinet website, the new plan will include […]

More info

BitMex Charged With Illegally Operating Derivatives Exchange

bitmex in hot water with the USA (of course) for operating their exchange illegally and allowing us customers to use exchange. many withdrawals follow. Social Media: Support Me On Patreon: https://www.patreon.com/mrsotkogaming Follow me on Twitch: http://www.twitch.tv/mrsotko Follow me on Twitter: https://twitter.com/MrSotkoGaming Follow me on Instagram: https://www.instagram.com/mrsotko/ Discord: https://discord.gg/r2Yf8Ae Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: 0xC868a8322A714Bd506aB27768a3DDb9D4d2228Cd mrsotko@gmail.com #bitcoin #crypto #cryptocurrency Powered by WPeMatico

More info
1 2