Category Archives: Crypto News

California Cybercrime Police Focus on Cryptocurrency SIM Swapping as ‘Highest Priority’

Stealing crypto through hijacked SIM cards is firmly on the radar of the U.S. REACT Task Force. U.S. law enforcement consider so-called “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud, security news and investigation blog KrebsonSecurity reported Nov. 7. Speaking to the publication, Samy Tarazi, a police sergeant in Santa Barbara and a supervisor of the REACT Task Force — a group dedicated to fighting cybercrime — said the number of instances of the crime had increased dramatically. “For the amounts […]

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‘Free Transactions Cleared in Five Seconds’: Platform to Help Businesses Use Blockchain

sponsored A startup is aiming to woo social networks, gaming companies, payment providers and other businesses through a blockchain platform that benefits them and their customers. A startup is aiming to attract social networks, gaming companies and mobile payment providers through a “full-service platform” that eliminates the headaches associated with using blockchain technology to reach customers. Aerum says its offering is geared towards entrepreneurs and businesses that create DApps (decentralized apps) based on the Ethereum protocol. According to the company, its infrastructure tackles the high transaction costs, […]

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China’s Central Bank Issues Warning Against Blockchain Investment ‘Bubble’

China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment. China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment, Reuters reported Nov. 6. The PBoC, which is known for its anti-cryptocurrency stance, has reportedly advised that the government strengthen its supervision of “speculation, market manipulation and other irregularities,” which it claims are common in domestic blockchain investment and financing schemes. Local Chinese news outlets have revealed further details from the […]

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Cryptocurrency Mining In Paraguay And The Dilemma It Presents

Paraguay, a country in South America is known for its energy abundance. Nevertheless, just like most of the other countries in the region, Paraguay is struggling financially. The presence of excess and cheap electricity has encouraged Cryptocurrency mining in the nation. However, politicians and experts have aired contradicting views on how the excess power should be used in poverty reduction. Cryptocurrency Mining Becomes Popular In Paraguay Paraguay is home to Itaipu, the largest hydroelectricity dam in South America. This has enabled the country to supply its citizens […]

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Texas Regulator Issues Cease and Desist Order to Cloud Mining Company

Texas regulators have issued a cease and desist order to a cloud mining company for selling unregistered securities, among other alleged offences including fraudulent behavior. The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an official notice filed Nov. 6. Per the document, AWS Mining along with its multiple agents and Chief Marketing Officer Josiah Kostek have violated the Texas Securities Act by luring the state’s residents […]

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The SEC Stops Accepting Public Comments on Bitcoin ETFs, Takes Time to Make Decision

Clarifying information regarding the SEC’s deadline. On November 5, 2018, part of crypto community was expecting to hear an official decision from the US Securities and Exchange Commission (SEC) regarding nine Bitcoin (BTC) exchange-traded funds (ETFs). The statement never came, however, as November 5 was in fact the deadline for the public to submit their comments to the SEC to help the agency review the case. Here’s what you should know about the current situation with crypto-related ETFs in the US. What are Bitcoin ETFs? Cointelegraph has […]

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Abu Dhabi Securities Exchange Issues Thought Paper on Crypto and Blockchain

The Abu Dhabi Securities Exchange has reportedly issued a thought paper on crypto and blockchain infrastructure for issuing digital assets. The Abu Dhabi Securities Exchange (ADX) has issued a thought paper on cryptocurrency and blockchain infrastructure for issuing digital assets, reports the Emirati government news agency WAM Nov. 6.                                 The document was reportedly issued in collaboration with the Central Securities Depositories and under the auspices of the International Securities Service Association, ISSA. In publishing the paper, the ADX seeks to identify the necessary technical and operational […]

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Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping

The Port Authority of Valencia has integrated into the blockchain-based TradeLens ecosystem as an “Early Adopter.” The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM and shipping giant Maersk, according to an official announcement published Nov. 5. Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains. The product aims to improve trade efficiency and security, wherein all participants of the supply chain, including shipping lines, port and terminal operators, customs authorities […]

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Crypto Markets in The Green, XRP Sees Major Boost Briefly Overtaking ETH by Market Cap

Top digital currencies have seen significant gains on the day, with Ripple briefly overtaking Ethereum as the top altcoin by market capitalization. Tuesday, Nov. 6: top cryptocurrencies have seen strong gains on the day, with Ripple (XRP) temporarily overtaking Ethereum (ETH) as the top altcoin by market capitalization. Market visualization from Coin360 Bitcoin (BTC) is up 0.3 percent over the last 24 hours, and is trading at around $6,447 as of press time. Having briefly dipped below $6,400 during the day, BTC has rebounded and is pushing […]

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Study: Crypto Mining Consumes More Energy Than Mineral Mining

Recent research conducted by U.S. scientists shows that crypto mining consumes more energy than gold or copper mining. A recent study by scientific journal Nature Sustainability published Nov. 5, reveals that crypto mining consumes more energy than mineral mining to produce the same market value. Scientists from the U.S. Department of Energy’s Oak Ridge Institute for Science and Education conducted a study to evaluate how much energy is consumed by mining cryptocurrencies in comparison to aluminium, copper, gold, platinum and rare earth oxides. The scientists reviewed the […]

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