Monthly Archives: December 2018

Bitcoin History Part 7: The First Major Hack

Featured Hacks and heists have been a threat for as long as bitcoin has been worth stealing. By 2011, as Bitcoin was easing into its second year of life and its first bubble, early cryptocurrency exchanges were bringing liquidity and price discovery to the nascent ecosystem. At the same time, they were providing an outlet for thieves to offload stolen coins, which they proceeded to do by the thousands. Also read: Bitcoin History Part 6: The First Bitcoin Exchange No One Remembers the First Major Bitcoin Hack […]

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Bakkt Completes First Round of Funding With $182.5 Million

Finance Intercontinental Exchange’s upcoming cryptocurrency trading platform, Bakkt, has raised $182.5 million from a dozen investors. The funds will help develop an institutional-grade regulated crypto exchange, clearing and warehousing services for physical delivery and storage. The company now expects to provide an updated timeline on launching bitcoin daily futures contracts in early 2019. Also Read: Israeli Exchange to Launch Crypto Payments API for Businesses Bakkt Raises $182.5 Million Bakkt, the digital assets subsidiary of the parent of the New York Stock Exchange ,  Intercontinental Exchange (NYSE: ICE), has […]

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67 Cryptocurrency Companies Probed by UK Regulator

Regulation The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto industry. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations More Crypto Companies Under Investigation The U.K.’s FCA has released new information regarding its investigations into crypto businesses […]

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Iran Labels Telegram’s Coin a Threat to National Security

Regulation Tehran has once again targeted the users of the popular messaging application Telegram. A law enforcement official warned Iranian citizens against providing any support for the launch of the instant messaging app’s native token, the Gram. Also read: Bill to Curb Iranian National Crypto Filed in US Congress ‘Disruption to the National Economy’ Authorities in Iran would interpret any cooperation with Telegram on the issuing of their crypto as “an action against the national security” of the Islamic Republic. That’s according to a recent statement by […]

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The Daily: Arguing Over Augur, Regulated Stablecoins Attract Flak

The Daily Welcome to the final installment of The Daily for 2018. It seems fitting that the year’s ultimate edition should focus on one of 2018’s overarching themes within the cryptoconomy – stablecoins. We’ve also got space to squeeze in a critique of Augur’s crowdsourced prediction market and to consider yet another bitcoin-based Patreon alternative. Also read: 1 in 7 Chinese Have Invested in Cryptocurrency  Regulated Stablecoins Attract Ire Regulated stablecoins such as USDC, PAX, and GUSD have become increasingly popular through the latter half of 2018. These […]

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Two Mining Companies Among Georgia’s Major Electricity Consumers

Mining Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry Bitcoin Miners Buy Electricity on Wholesale Market Georgia is among several jurisdictions in the post-Soviet space that have been attracting crypto miners with lax regulations and relatively low […]

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Chatter Report: Troutner Proposes Algorithmic Stablecoin on BCH, Sztorc Believes Austrian Economics Unnecessary

News In today’s roundup of crypto chatter, Chris Troutner and Andreas Brekken play around with the idea of building an algorithmic stablecoin on BCH. Vin Armani debates with Painted Frog on Bitcoin’s similarities to Visa. Also, Paul Sztorc thinks that understanding Austrian economics is not that important to comprehend Bitcoin.   Also read: Developer Paul Sztorc Launches the First Version of Drivechain Building an Algorithmic Stablecoin on BCH Recently Shitcoin.com CEO Andreas Brekken took to crypto Twitter to wish everyone a happy new year. In his tweet, Brekken casually mentioned […]

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South Korea Ends Year With 6 Bills to Regulate Cryptocurrency Industry

Regulation South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Six Crypto-Related Bills South Korea’s top financial regulator, the Financial Services Commission (FSC), exclusively shared some information with news.Bitcoin.com on Thursday about various crypto-related bills that have been submitted […]

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Australian Crypto Company Wrapped for Paying Bounty Hunters for Glowing Reviews

News Securities commissioners and trade experts have refused Australian blockchain startup Power Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty hunters” to shore up interest in its cryptocurrency. The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish market conditions. Also read: Russian Bitcoin Mining Granny is Bullish on Industry’s Future Bounty Hunters Make False Claims Spruikers, sponsored creators of glowing reviews, falsely claimed that Power Ledger, a peer-to-peer electricity-trading startup, had attracted the […]

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Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation

Exchanges As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Interest on Crypto Deposits Indian cryptocurrency exchange Coindcx announced last week that its users can now earn interest on their BTC held at the exchange for 30 days or longer, […]

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