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Microsoft Eyes Role for Public Blockchains in Decentralized Identities

ICO Insider — Tue, 13 Feb 2018 12:13:52 +0000

Software giant Microsoft has said it sees potential for public blockchains in supporting decentralized identities and will explore the possibilities within its Microsoft Authenticator app. In a blog post released on Feb. 12, Microsoft’s Identity Division doubled down on its belief that blockchain technology is the right solution to store, maintain, protect and distribute users’ identification information in […]

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China’s State Media Targets ICOs, Cryptocurrency Trading

ICO Insider — Tue, 13 Feb 2018 12:05:40 +0000

The Chinese government, through its media, is continuing to taking aim at cryptocurrency trading and ICO investments. Despite numerous laws passed last year to ban cryptocurrency activity in China, many Chinese investors continue to find underground ways to trade in virtual currencies and invest in ICOs. Last September, China began its crackdown on virtual currencies, banning ICOs and […]

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Bitcoin Up Over 20% as Crypto Markets Regain Poise

ICO Insider — Wed, 07 Feb 2018 14:19:55 +0000

Cryptocurrencies are trading in the green today after a tumultuous seven days. In the last 24 hours, the total market capitalization of all cryptocurrencies has increased 25 percent to $352 billion, as per data provider CoinMarketCap. The total value had dropped to $276 billion yesterday – the lowest level since Nov. 26. Though a welcome development, […]

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Startup Raises $20 Million to Build ‘YouTube on the Blockchain’

ICO Insider — Tue, 06 Feb 2018 12:30:31 +0000

Silicon Valley startup Lino is preparing to take on YouTube with a decentralized, collectively-owned video content distribution system that purports to cut out the middleman to more fairly compensate content creators. The company, which faces competition from Streamspace, Flixxo, Viuly and Stream, all of which are developing similar concepts, received a $20 million vote of […]

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Bitcoin Slumps to 12-Week Low Below $6K

ICO Insider — Tue, 06 Feb 2018 12:24:24 +0000

Bitcoin prices plunged to a 12-week low below $6,000 this morning, reporting double-digit percentage losses amid a continued crypto market sell-off. Prices on CoinDesk’s Bitcoin Price Index (BPI) fell as low as $5,967.34 at 07:59 UTC – the lowest level since Nov. 13. As of writing, the world’s largest cryptocurrency by market capitalization is changing hands at […]

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Samsung Confirms It’s Now Making Cryptocurrency Mining Chips

ICO Insider — Thu, 01 Feb 2018 16:02:01 +0000

Samsung has confirmed it is now manufacturing bitcoin mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed Chinese mining firm. A company spokesperson has […]

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Bitcoin Sinks Below $10k on $133 Billion January Loss

ICO Insider — Thu, 01 Feb 2018 15:58:09 +0000

Bitcoin price has dropped to the lowest level since for two weeks and could drop below $9,000 in the next 24 hours, price charts indicate. The downward move follows a month for bitcoin when its market capitalization has tumbled from a high of $296 billion on Jan. 5 to $163 billion today – a $133 billion (44.93 […]

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Bitcoin Price Drops 4% as Cryptocurrency Market Struggles in Recovery

ICO Insider — Mon, 29 Jan 2018 18:34:03 +0000

The price of bitcoin has dropped by 4 percent earlier today, on January 29, as the entire cryptocurrency market struggled to recover from its previous corrections. Other major cryptocurrencies like Ethereum, Cardano, and Stellar have also fallen by small margins, in the 3 to 5 percent region. Bitcoin’s Performance The slump in the performance of […]

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$39 Million Mobius ICO Sells Out in 2 Hours on Stellar, Not Ethereum

ICO Insider — Thu, 25 Jan 2018 18:15:54 +0000

Mobius Network, a turnkey blockchain-enabling data platform, closed its MOBI token ICO in just two hours. More than 55,000 registered for the public token sale, the first to be built on and supported by Stellar, as opposed to Ethereum. The sale was originally scheduled to run through Feb. 18. The token sale hit $39 million, according to […]

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EU Commissioner to Host ‘High Level Roundtable’ on Cryptocurrencies

ICO Insider — Tue, 23 Jan 2018 21:51:03 +0000

A European Union commissioner plans to hold a meeting of public and private sector stakeholders to discuss the impact of cryptocurrencies on central banks. In remarks at a press conference for the Economic and Financial Affairs Council (ECOFIN) on Tuesday, Valdis Dombrovskis, the Vice President for the Euro and Social Dialogue, said he plans to discuss the issue […]

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South Korea’s Second Largest Bank Supports Cryptocurrency Exchanges, Traders Relieved

ICO Insider — Sun, 21 Jan 2018 16:24:50 +0000

Bithumb and Korbit, two of the largest cryptocurrency exchanges in the South Korean market, have announced that Kookmin Bank deposits and withdrawals will be disabled by the end of January. Shinhan Bank Will Support Cryptocurrency Exchanges Kookmin Bank, the biggest financial institution in South Korea, has decided not to support cryptocurrency exchanges and provide virtual […]

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PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders

ICO Insider — Fri, 19 Jan 2018 16:20:34 +0000

The Business Administration Department of the People’s Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities. The news, first reported by Securities Times, a state-owned media outlet launched by the Communism Party mouthpiece the People’s Daily, said the document requires payment companies to start […]

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SEC Says Crypto-Based Funds Not Ready For Regulation

ICO Insider — Fri, 19 Jan 2018 15:58:47 +0000

The US Securities and Exchange Commission (SEC) released a staff letter on Jan. 18, directed at two Wall Сtreet trade groups that are interested in opening ETFs and mutual funds based on Bitcoin (BTC). The letter makes the case that companies offering cryptocurrency-based investment products are not yet able to comply with SEC regulations. Dalia Blass, the SEC’s […]

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BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny

ICO Insider — Wed, 17 Jan 2018 17:21:56 +0000

The operator of BitConnect, a cryptocurrency that has long courted controversy, has announced the closure of its cryptocurrency exchange and a separate lending platform. In an announcement on its website on Tuesday, BitConnect confirmed the immediate closure of its lending operation whereas its exchange platform will effectively shutter in a further five days. The website, meanwhile, will […]

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Bitcoin Price Plunges Below $10,000 as Correction Intensifies

ICO Insider — Wed, 17 Jan 2018 17:18:50 +0000

The bitcoin price plunged below $10,000 on Wednesday as this week’s comprehensive market correction intensified. Bitcoin Price Plunges Below $10,000 The cryptocurrency markets have been in a free-fall this week, and the downward spiral continued this morning. The cryptocurrency market cap dove below $500 billion, and the bitcoin price sunk as low as $9,663 on Bitfinex, marking […]

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Big Money, Murky Governance: Kicking the Tires of Telegram’s Token Sale

ICO Insider — Tue, 16 Jan 2018 18:16:31 +0000

Pitched as a game-changer for the cryptocurrency industry, Telegram’s initial coin offering could be a lifesaver for the company. Launched in 2013 by Russian brothers Pavel and Nikolai Durov, the company has never executed on the vague proposals it has floated to monetize its messaging platform. And with hefty annual operating expenses ($70 million in 2017 alone, […]

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No Cryptocurrency Trading Ban, South Korea Government Confirms

ICO Insider — Mon, 15 Jan 2018 18:06:01 +0000

On January 15, in a public press conference, South Korea President Moon Jae-in’s executive office Blue House spokesperson Jeong Ki-joon, emphasized that there will be no cryptocurrency trading ban in the near future. In an official announcement, spokesperson Jeong noted that the cryptocurrency regulation task force created by the government will improve and alter the […]

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Cryptocurrency Market Rebounds After Major Correction as Bitcoin and Cardano Record Gains

ICO Insider — Mon, 15 Jan 2018 18:00:39 +0000

Yesterday, on January 15, the entire cryptocurrency market recorded a massive decline in value, as bitcoin, Ethereum, Ripple, and other major cryptocurrencies fell amidst a major correction. The cryptocurrency market lost $60 billion in market valuation, mostly due to the massive decline in the price of smaller cryptocurrencies in the market.’ Bitcoin, Cardano, Qtum, and Monero […]

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Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

ICO Insider — Sat, 13 Jan 2018 15:59:42 +0000

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That shot across the bow was […]

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MoneyGram to Pilot Ripple’s XRP Token

ICO Insider — Fri, 12 Jan 2018 02:34:08 +0000

International money-remittance firm MoneyGram is partnering with Ripple to test the startup’s XRP token for international payments. According to a press release, MoneyGram will test Ripple’s xRapid service due to its claimed speed and cost efficiency. The release noted that XRP transaction fees are significantly less than those of the bitcoin network. While existing money transfer […]

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White Paper Published for Blockchain Privacy Tech Zk-starks

ICO Insider — Fri, 12 Jan 2018 02:30:01 +0000

The highly anticipated white paper for privacy technology zk-starks has been released. Touted as a more secure version of zk-snarks, the privacy technology used by zcash, zk-starks remove the need for a “trusted setup.” The publication of the zk-starks white paper will likely cause a stir in the development community. The paper is co-authored by Eli-Ben Sasson, a […]

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Cryptocurrencies Will Come to a ‘Bad Ending’: Bitcoin Bear Warren Buffett

ICO Insider — Wed, 10 Jan 2018 18:41:44 +0000

Legendary investor and billionaire Warren Buffett continues his bearish outlook on bitcoin and other cryptocurrencies. In a televised interview on CNBC, Buffett was asked about JPMorgan Chase CEO Jamie Dimon’s backpedaling take on bitcoin, after the latter expressed regret about calling bitcoin a ‘fraud’ last year. Queried if he too would re-think his recent remarks on […]

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TRON Uses ‘Creative Marketing’ to Hype Baofeng Partnership

ICO Insider — Wed, 10 Jan 2018 18:39:02 +0000

Some community members are crying foul after blockchain content distribution startup TRON exercised a bit of creative license to promote it partnership with Chinese company Baofeng. TRON Announces Partnership with Public Chinese Firm Baofeng On Wednesday, TRON founder Justin Sun announced that the startup had entered into a partnership with Baofeng, a publicly-listed Chinese company […]

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Telegram $500 Mln Pre-ICO Aims To Be Largest Ever

ICO Insider — Mon, 08 Jan 2018 16:06:56 +0000

Private messaging app Telegram is considering the biggest Pre-ICO in history to fund its new Blockchain platform and cryptocurrency. As TechCrunch reports today citing ‘multiple sources,’ Telegram is aiming to raise up to $500 mln in private sales. Its forthcoming Telegram Open Network (TON) would use the tokens for internal user payments. Cointelegraph originally reported on TON in December, the scale […]

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Ripple Down 30 Percent as Bull Run Fades

ICO Insider — Mon, 08 Jan 2018 16:02:41 +0000

Ripple’s XRP token is down more than 30 percent today, as losses are seen across the top 15 cryptocurrencies. Having rallied more than 35,000 percent last year, the price of XRP rose to lifetime high of $3.85 on Jan. 4. However, the bull run faded in subsequent days. Over the weekend, XRP traded in a sideways manner […]

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US Government to Sell 513 Bitcoin and 512 Bitcoin Cash Seized From Dark Web Dealer

ICO Insider — Sun, 07 Jan 2018 15:38:43 +0000

The US government has been approved by a federal judge in Utah to auction off 513 bitcoin and 512 Bitcoin Cash seized from an investigation into Aaron Michael Shamo, a dark web dealer. 8.5 Million Sale In the upcoming weeks, the government is expected to sell all of the assets seized after the arrest of […]

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Texas Regulator Orders BitConnect to Call Off Token Sale

ICO Insider — Sat, 06 Jan 2018 13:43:20 +0000

The Texas State Securities Board (TSSB) has ordered the blockchain-based financial system startup BitConnect to cancel a token sale it had planned to start on January 10. According to a news release published on the regulator’s website, BitConnect was claiming to offer tokens with 100% annual returns, which the TSSB determined qualify as unregistered securities. In addition, BitConnect […]

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Overstock Gets $100 Million from Soros Fund for Blockchain and More

ICO Insider — Sat, 06 Jan 2018 13:35:18 +0000

Overstock.com just got a hefty chunk of change from one of the biggest names in finance, and CEO Patrick Byrne says much of it will fund the company’s blockchain work. The company disclosed in a Securities and Exchange Commission (SEC) filing this week that the holder of a warrant had exercised its right to buy […]

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Merrill Lynch Bans Clients from Investing in Bitcoin Fund

ICO Insider — Thu, 04 Jan 2018 16:01:35 +0000

Merrill Lynch, the brokerage arm of Bank of America, has blocked financial advisers and clients from trading in bitcoin-related investments. The ban extends to clients trading in Grayscale’s Bitcoin Investment Trust, a fund led by bitcoin entrepreneur Barry Silbert. The decision to block access to the fund was due to concerns about the “suitability and eligibility standards […]

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Ethereum Price Hits Historic $1,000 Milestone, Eyes $100 Billion Market Cap

ICO Insider — Thu, 04 Jan 2018 15:52:49 +0000

The ethereum price crossed $1,000 on Thursday, marking yet another historic milestone for the third-largest cryptocurrency. Ethereum Price Rips Past $1,000 Only four days have been marked off on the calendar, but January has already been a banner month for the altcoin markets. In this brief span, the combined value of altcoin market caps has […]

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South Korea Sets Date for Anonymous Crypto Trading Ban: Report

ICO Insider — Tue, 02 Jan 2018 16:58:21 +0000

South Korea will reportedly begin implementing new regulations banning anonymous cryptocurrency exchange accounts on or around Jan. 20. Citing anonymous sources, Yonhap News reports that the efforts to clamp down on speculative investing in the cryptocurrency markets now seemingly have a hard launch date. The proposal essentially strengthens “know-your-customer” rules already in existence for exchanges and banks, […]

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ICOs Raised $4 Bln in 2017, What 2018 Has in Store

ICO Insider — Mon, 01 Jan 2018 15:30:21 +0000

2017 has definitely been a record-breaking year for ICOs: a fiat equivalent of some $4 bln have been raised, and the number of successful token placements have increased to a couple of hundreds globally. Yet, in the same year, traditional IPOs are estimated to have raised $188.8 bln in total of 1,624 deals, according to E&Y […]

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2017: The Year Crypto Became a New Asset Class

ICO Insider — Sun, 31 Dec 2017 03:28:45 +0000

2017 has been a watershed year for crypto assets. The combined market cap rocketed from $15 billion in January to over $600 billion by year’s end. And in doing so, crypto assets crossed another kind of threshold, transforming from something easily dismissed to something hard to ignore. The multiple-thousand percent price appreciation has been accompanied […]

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ICOs: The Beauty, the Beast and JFK

ICO Insider — Thu, 28 Dec 2017 17:01:04 +0000

All technological advances have a good and a bad side. Initial coin offerings (ICOs) are no different except that unlike other new technologies, their good and the bads side exist in extremes without any middle ground or balance. The beauty Let’s talk about the good, or the beauty, of ICOs first. The beauty of ICOs […]

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300-Member Strong Enterprise Ethereum Alliance Launches Three Working Groups

ICO Insider — Wed, 27 Dec 2017 17:14:31 +0000

The Enterprise Ethereum Alliance (EEA) has launched three working groups in digital identity, energy and multiplatform interoperability to create and deliver specific advancements in those fields using Ethereum technology. With over 300 members since its launch in February 2017, the Enterprise Ethereum Alliance is now the world’s largest blockchain consortium. The working group, whose members include the […]

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Better Late than Never? Bitcoin Segwit2x Scheduled for December 28th

ICO Insider — Wed, 27 Dec 2017 17:09:10 +0000

Last week, the Segwit 2x team indicated in a CCN press release that they were planning to move forward with their proposed hard fork in the coming weeks. Now, Segwit 2x lead developer Jaap Terlouw has confirmed on the project’s website that the team will finally execute the fork on December 28th. Originally scheduled for November, the development team cancelled the fork […]

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After the Futures: The Next Chapter for Bitcoin

ICO Insider — Tue, 26 Dec 2017 16:01:53 +0000

On the ninth anniversary of Satoshi Nakamoto’s white paper, one of the world’s most respected derivatives providers, the CME Group, announced it would launch a regulated bitcoin futures market. Not to be understated, this was a pivotal moment in bitcoin’s history, and quite simply, the future has never been brighter. It’s safe to say that 2017 has […]

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Miners from 15 Countries to Give Input for Russian Cryptocurrency Bill

ICO Insider — Mon, 25 Dec 2017 17:04:26 +0000

Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December 28. Russia Hosting Meeting of Miners […]

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Hedge Fund Magnate Mike Novogratz Delays New Cryptocurrency Fund, Cautions on Bitcoin

ICO Insider — Sun, 24 Dec 2017 13:33:37 +0000

Earlier views Michael Novogratz has been a long-term Bitcoin bull. He has revised his price projections upwards three times in as many months, given Bitcoin’s rapid price increase. In October 2017, he said that he wouldn’t be surprised if Bitcoin crossed $10,000 by April 2018. With Bitcoin’s rapid appreciation, he revised his target in November 2017, predicting […]

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Bitcoin Mining Marketplace NiceHash Back Online, Promises Users Money Back

ICO Insider — Sun, 24 Dec 2017 13:16:20 +0000

Earlier this month, as CCN reported, Slovenia-based bitcoin mining marketplace NiceHash was successfully breached, resulting in the loss of about 4,700 Bitcoin, at the time worth $62 million. Its users noticed that the marketplace’s website had gone offline for an abnormally large period of time, before the company finally revealed it had been compromised. At the […]

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30% Decline: Charting the Ongoing Crypto Price Correction

ICO Insider — Fri, 22 Dec 2017 18:38:30 +0000

In what is likely to be one of the biggest corrections ever seen in the burgeoning cryptocurrency market, the total value of the nascent asset class, created with the advent of bitcoin in 2009, shed billions on Friday. At press time, the total value of all cryptocurrencies, including bitcoin and the 1,300 others trading, is down more […]

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Ripple Price Surges by Nearly 40%, Surpasses $1 For First Time in History

ICO Insider — Thu, 21 Dec 2017 17:36:02 +0000

The Ripple price has surged by nearly 40 percent over the past 24 hours led by the US and South Korean cryptocurrency markets. For the first time in history, the price of Ripple has surpassed $1, an important milestone for the cryptocurrency and the global Ripple community. Factors Behind Ripple’s Price Surge Earlier this month, […]

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Bitcoin Price Drops Near $15,000 from $19,530 Within 5 Days: Major Factors

ICO Insider — Thu, 21 Dec 2017 17:30:19 +0000

The bitcoin price has dropped from $19,530 to $15,150 within the past five days, since December 17. While analysts have attributed the recent decline to many factors, one major factor seems to be high transaction fees of bitcoin. Factors Behind Decline Analysts and experts have offered two explanations to justify the recent price decline and […]

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Litecoin Creator Sells Stake Citing ‘Conflict of Interest’

ICO Insider — Wed, 20 Dec 2017 17:28:05 +0000

The creator of litecoin has sold off all his holdings in the cryptocurrency, citing a perceived conflict of interest. Writing in a Reddit post this morning, developer Charlie Lee explained he no longer wants to fend off allegations his remarks about litecoin’s price are being done for his personal enrichment, and that he saw the sale as the best […]

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Coinbase to Probe for Breach in Bitcoin Cash Listing

ICO Insider — Wed, 20 Dec 2017 17:15:20 +0000

Cryptocurrency exchange startup Coinbase has announced it will commence an investigation into whether any employees may have violated its insider trading rules in the run-up to its surprise listing of bitcoin cash yesterday. The news follows widespread social media accusations that suggest employees may have moved to tip off others in advance of the news. […]

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Wanchain Founder Jack Lu presented in Blockchain Hong Kong Meetup on 18 Dec, 2017

ICO Insider — Tue, 19 Dec 2017 17:31:22 +0000

The global financial platform for cross-chain smart contracts, Wanchain, has raised 74,332 ETH in its crowdsale and its Silver-whitelist (39,251 ETH) was completed within 15 minutes. Its Founder, Jack Lu, has come to Hong Kong on 18 Dec to speak about Wanchain’s latest development in a Blockchain Hong Kong Meetup event organized by Blockchain Association of Hong Kong. The […]

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Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

ICO Insider — Tue, 19 Dec 2017 17:02:38 +0000

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website states that at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17% of total assets.” The cyber attack is the second for Youbit, previously known Yapizon. […]

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Bitcoin Hits $20,000 Per Coin, Capping Year of Enormous Growth

ICO Insider — Sun, 17 Dec 2017 15:32:23 +0000

Bitcoin has cemented its glory year by hitting $20,000 barely a month after achieving five figures for the first time. After several weeks of considerable volatility, mixing rapid growth with sudden declines, momentum finally boosted Bitcoin to its new historic high. Outperforming almost everyone’s expectations in 2017, Bitcoin prices received a decisive push from Wall Street regulated […]

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$4 Billion: ICO Fundraising Hits New Milestone as Regulators Curtail Hype

ICO Insider — Fri, 15 Dec 2017 17:15:55 +0000

Initial coin offering (ICO) fundraising passed another historic milestone this week, surpassing $4 billion just days after U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton issued a statement that, essentially, accused the vast majority of ICO organizers from violating federal regulations governing securities laws. According to fintech research firm Autonomous NEXT, ICOs have now raised […]

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Ethereum, Ripple And Litecoin Have Arrived on Bloomberg Terminals

ICO Insider — Fri, 15 Dec 2017 17:07:28 +0000

Financial data firm Bloomberg has added three new cryptocurrencies – ethereum (ether), Ripple (XRP) and litecoin – alongside bitcoin on its Terminal service. According to a Fortune report, sources said the addition of the new price data is aimed at forex traders seeking to explore the new instruments. They also suggested that Bloomberg terminal data for the […]

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Scratch That: CryptoKitties Isn’t Quite Ethereum’s Vision for Apps

ICO Insider — Wed, 13 Dec 2017 17:12:48 +0000

Ethereum creator Vitalik Buterin cried himself to sleep the night “World of Warcraft” maker Blizzard Entertainment altered his “beloved warlock’s Siphon Life spell.” According to Buterin, the online role-playing game forever changed his outlook toward app development. “On that day, I realized what horrors centralized services can bring,” he writes on his official “About.me.” Aspiring to offer a “world […]

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$750: The Ether Price Freight Train Has a New Target

ICO Insider — Wed, 13 Dec 2017 17:06:28 +0000

The price of ether, ethereum’s native token, hit a new all-time high of $686 today, and the price chart analysis suggests the rally could continue. At the time of writing, ether (ETH) was trading around $680. As per CoinMarketCap, the world’s second largest cryptocurrency by market capitalization has appreciated by 24.6 percent in the last 24 […]

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Crypto Fund Bitwise Raises $4 Million in VC Funding

ICO Insider — Tue, 12 Dec 2017 17:08:24 +0000

Cryptocurrency investment startup Bitwise has raised $4 million in seed funding. Backing the San Francisco-based startup in the raise are investors including Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja and Blockchain Capital, as well as Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil, among others. The funding comes as the firm officially […]

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Litecoin Price Leaps 30% to New All-Time High

ICO Insider — Mon, 11 Dec 2017 17:16:09 +0000

Litecoin price leaped by nearly a third on Monday, raising the sixth-largest cryptocurrency to a new all-time high. Litecoin Price Touches $185 For most of December, the litecoin price had traded between $90 and $100, but on Friday it exploded to $130 and continued to rise heading into the weekend. On Saturday, litecoin topped $160 […]

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Bitcoin Price Surges 20% Overnight as Volume of CBOE Futures Skyrockets

ICO Insider — Mon, 11 Dec 2017 17:09:20 +0000

The bitcoin price has surged by more than 20 percent overnight, triggered by the launch of the Chicago Board Options Exchange (CBOE) bitcoin futures trading platform. According to cryptocurrency market data provider CryptoCompare, the bitcoin price increased from $13,400 to $16,315 within the past 24 hours. Major Factor: Bitcoin Futures Contrary to the claims of […]

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UBS to Launch Live Ethereum Platform with Barclays, Credit Suisse and More

ICO Insider — Mon, 11 Dec 2017 16:53:17 +0000

Just in time for the implementation of stringent new regulatory requirements, some of the largest banks in the world have revealed a pilot designed to simplify compliance using ethereum. Described internally as the Massive Autonomous Distributed Reconciliation platform, or Madrec for short, the project led by Swiss banking giant UBS, with help from Barclays, Credit Suisse, […]

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Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts

ICO Insider — Sun, 10 Dec 2017 17:09:12 +0000

According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market have outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager. The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project as a hard fork of the Bitcoin Blockchain. Earlier […]

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Bittrex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin?

ICO Insider — Sat, 09 Dec 2017 06:43:39 +0000

Bittrex users took to social media to voice their concerns: something is wrong at the third largest cryptocurrency exchange in the world. Customers openly complain they’re having issues with withdrawals, and this has been going on for weeks. Certainly every popular platform has had its share of problems with runs in the wake of price spikes, […]

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Craigslist Sellers Can Now Request Cryptocurrency Payments

ICO Insider — Sat, 09 Dec 2017 06:35:21 +0000

Online classifieds marketplace Craigslist has added a feature that lets users specify that they accept cryptocurrency payments. While the site’s users have been able to point out in the text of their posts that they may take bitcoin or another cryptocurrency, the website now allows users to more directly advertise by selecting a check-off box […]

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NiceHash CEO Confirms Bitcoin Theft Worth $78 Million

ICO Insider — Fri, 08 Dec 2017 06:18:54 +0000

Cryptocurrency mining marketplace NiceHash has confirmed that yesterday’s hack resulted in the loss of over 4,700 BTC, an amount worth more than $78 million at press-time prices. In a video update streamed live on Facebook, CEO and co-founder Marko Kobal provided an update to yesterday’s dramatic announcement that the company, founded in 2014, had incurred a hack and […]

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Bitcoin Leaves Visa’s Market Cap In The Dust

ICO Insider — Fri, 08 Dec 2017 06:11:36 +0000

The value of Bitcoin has been making headlines lately, with prices increasing tremendously over the past few weeks. First, the price of the cryptocurrency smashed the $10,000 level, hitting a record-high of $15,000 a few days later. As of now, the price stands at more than $18,000, with the upward trend expected to continue in […]

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In Unexpected Move, South Korean Regulator Suddenly Bans Bitcoin Futures Trading

ICO Insider — Thu, 07 Dec 2017 03:25:14 +0000

The world’s largest futures exchanges, CBOE and CME Group, have given their imprimatur to Bitcoin futures trading, but South Korea wants none of it. The South Korean government seems to be struggling to understand these currencies which are unlike anything else in the financial world. Recently, South Korea has announced its plans to begin regulating digital […]

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Bitcoin Rockets Past $14,000 Astonishing Everyone

ICO Insider — Thu, 07 Dec 2017 03:18:39 +0000

The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild. The bitcoin price locomotive continues to truck upwards […]

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IOTA Price Explodes After Microsoft Partnership Announcement

ICO Insider — Tue, 05 Dec 2017 15:33:56 +0000

The IOTA price has surged nearly 600 percent this month on the heels of a flurry of announcements related to the launch of IOTA’s much-touted Data Marketplace. IOTA Storms to Fifth-Largest Market Cap One month ago, the IOTA price was valued at just $0.37, but it experienced a steady climb over the course of the […]

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Now You Can Buy Mariah Carey and G-Eazy Albums with Monero

ICO Insider — Tue, 05 Dec 2017 15:24:00 +0000

A group of well-known musicians including Mariah Carey, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency monero. The list of more than 40 top recording artists – Slayer, Weezer, G-Eazy, Sia and Fallout Boy are among those also included – comes as part of “Project Coral Reef,” which was put together by entrepreneur Naveen […]

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Ethereum Founder Vitalik Buterin One of Bloomberg’s Top 50 Most Influential People

ICO Insider — Mon, 04 Dec 2017 15:12:56 +0000

Bloomberg has issued their customary list of the 50 most influential people of the year, and this year’s list includes Vitalik Buterin, founder of Ethereum. Bloomberg’s Top 50 list includes some of the most important movers and shakers of the past year in any industry. Some of Buterin’s list-mates include Amazon founder and CEO Jeff Bezos, Crown Prince of Saudi […]

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China was Right to Shut Down Bitcoin Exchanges & ICOs: PBoC Official

ICO Insider — Mon, 04 Dec 2017 15:06:42 +0000

A vice governor of China’s central bank has doubled down on the regulator’s sweeping ban on ICOs in September that also led to the shuttering of local bitcoin exchanges. According to People’s Bank of China (PBoC) vice-governor Pan Gongsheng, authorities were right to crack the whip on initial coin offerings (ICOs) and cryptocurrency trading in […]

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Novogratz: There May Be a Bubble in Bitcoin, But Bitcoin Itself Isn’t a Bubble

ICO Insider — Sat, 02 Dec 2017 18:13:17 +0000

Legendary billionaire hedge fund investor Mike Novogratz stated that there may be a bubble in bitcoin in certain regions but the cryptocurrency itself isn’t a bubble. As CCN previously reported, Novogratz noted that bitcoin and the cryptocurrency market could become the biggest bubble “of our lifetimes.” “I think this [crypto] is going to be the biggest bubble […]

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7 Tokens Investors Are Talking About

ICO Insider — Sat, 02 Dec 2017 18:05:26 +0000

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. What separates a real-deal token from a scam? A new wave of tech enthusiasts is asking that question as tokens rack up big gains and take over market discussions. And it’s certainly not one with an easy answer – even for […]

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White House ”Monitoring the Situation” While Study Shows Illicit Bitcoin Use Has Dropped

ICO Insider — Fri, 01 Dec 2017 09:34:47 +0000

To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its key finding? Bitcoin hit peak criminality […]

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Coinbase VP: Bitcoin Price Volatility Will Decrease With Institutional Capital

ICO Insider — Thu, 30 Nov 2017 05:25:33 +0000

Adam White, vice president of Coinbase Inc., tried to offer some perspective amidst the numerous claims about bitcoin being a bubble amidst the cryptocurrency breaking the $10,000 price point. White told Emily Chang of Bloomberg that he disputes the contention that bitcoin is a bubble, although he acknowledged that the price is an easy metric for people to attack. He […]

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New Alliance Sets Out to Boost Blockchain Interoperability

ICO Insider — Wed, 29 Nov 2017 04:10:54 +0000

The companies behind three blockchain platforms have unveiled a new advocacy group centered around interoperability between disparate networks. Dubbed the Blockchain Interoperability Alliance, the effort is being backed by Aion, ICON and Wanchain in a bid to advance standards that would, as envisioned, promote a greater degree of connectivity between different blockchains. “We believe that collaborating across […]

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TechCrunch Founder Raising $100 Million XRP Fund

ICO Insider — Wed, 29 Nov 2017 03:57:00 +0000

Call it the latest sign of the sea change. Announced today at CoinDesk’s Consensus: Invest in New York, TechCrunch founder Michael Arrington revealed he’s raising $100 million for a hedge fund that will buy and hold crypto assets while making investments in token sales and (some) equities and debt. Launched under a new entity called Arrington XRP Capital, […]

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Bitcoin Price Tops $10,000 on Korean Exchanges

ICO Insider — Tue, 28 Nov 2017 11:19:30 +0000

The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals. On Bithumb – the region’s largest exchange by trade volume – bitcoin is trading at roughly $10,052. On exchanges Coinone and Korbit, the cryptocurrency is trading at around 10,979,500 KRW ($10,108) and 10,960,500 KRW ($10,047), respectively. By contrast, the majority of the world’s […]

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$300 Billion: Bitcoin Price Boosts Crypto Market Value to Record High

ICO Insider — Tue, 28 Nov 2017 11:14:39 +0000

The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time. Data from CoinMarketCap.com shows that the market capitalization for all cryptocurrencies is currently at roughly $300.5bn. Of that amount, bitcoin’s market cap represents the lion’s share, accounting for about $158 billion. The move comes as the price of bitcoin continues its surge […]

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Vitalik Buterin Lays Roadmap for Ethereum Visa Levels Quadratic Sharding

ICO Insider — Mon, 27 Nov 2017 07:07:20 +0000

“The ethereum killer is ethereum, the ethereum of China is ethereum, the ethereum of Taiwan is ethereum… 2.0.” That was the opening statement of Vitalik Buterin, Ethereum’s inventor, at BeyondBlock in Taipei where he laid out a plan to reach Visa levels scalability within the next 3-5 years. The main problems facing ethereum are privacy, safety and […]

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Brain Freeze? Parity Bug Continues With No Easy Solution in Sight

ICO Insider — Sat, 25 Nov 2017 06:18:29 +0000

Three weeks and counting … That’s how long it’s been since a mishap by ethereum wallet provider Parity saw $160 million in cryptocurrency code frozen, and still no solution has been pursued to free up the funds. But that’s not to say discussions aren’t ongoing on how to return the cryptocurrency to its rightful owners. At […]

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All-Time High: Ether Prices Pass $440 as Key Level Breached

ICO Insider — Sat, 25 Nov 2017 06:07:42 +0000

The price of ether, ethereum’s native token, is on a roll. Soon before press time, the ether-U.S. dollar (ETH/USD) exchange rate had reached a fresh all-time high of $444. As per CoinMarketCap, the world’s second largest cryptocurrency has appreciated by 11 percent in the last 24 hours. Total trading volume jumped to $1.845 billion yesterday – the […]

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South Korean Finance Watchdog Has ‘No Plans’ to Regulate Bitcoin Trading

ICO Insider — Thu, 23 Nov 2017 15:45:47 +0000

The governor of a South Korean financial regulator has said it has “no plans” to supervise bitcoin trading, according to a report. In remarks made to reporters today, Choe Heung-sik, chief of the Financial Supervisory Service (FSS), said that, since his agency does not view cryptocurrencies as “legitimate currency,” the FSS does not intend to […]

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Exit Scam? Ethereum-based Confido Vanishes after Raising $374,000 ICO

ICO Insider — Thu, 23 Nov 2017 14:52:54 +0000

Ethereum-based startup Confido, a little-known project that recently raised $374,000 in an ICO from investors in exchange for CFD tokens, has seemingly vanished from the internet, as all its social media profiles and website have been taken down. Investors are now looking into the situation, which points to a potential exit scam. Confido pitched itself as a […]

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Bitcoin Hits All-Time Highs As Banks Hail Blockchain Equity ‘100% Success’

ICO Insider — Wed, 22 Nov 2017 08:30:10 +0000

Both Bitcoin and Blockchain made history Tuesday as prices hit a new all-time high and Wall Street completes new integrations. As Bloomberg reports, a group of major banks including Goldman Sachs, JPMorgan and Credit Suisse saw a six-month Blockchain trial for equity swaps achieve “100% success.” In partnership with startup Axoni, Blockchain allowed any changes in […]

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State Bank of India Plans to Pilot Test Blockchain-based Smart Contracts

ICO Insider — Wed, 22 Nov 2017 08:25:24 +0000

The State Bank of India (SBI) plans to beta test a Blockchain-based smart contracts system that was developed by the BankChain consortium in December 2017. The consortium, which was launched in February, is composed of 27 banks that aim to develop Blockchain solutions for the banking industry in the country. According to SBI’s head of innovation, Sudin […]

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Scam Warning: Coinbase Impersonator Is At It Again

ICO Insider — Wed, 22 Nov 2017 08:20:24 +0000

Phishers impersonating exchanges are going for round two. ETHNews recently reported that an emailer from [email protected] sent false “new device” alerts to users in a bid to get access to their Coinbase accounts. Now the entity behind [email protected] may be at it again with a new message. This morning, November 21, 2017, at 8:21 ETHNews received an email from the known scam address [email protected] claiming […]

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Tether Claims $30 Million in Stable Token Stolen By Attacker

ICO Insider — Tue, 21 Nov 2017 04:59:15 +0000

Tether, the company behind a dollar-pegged cryptocurrency widely used by in the market’s exchange trade, is claiming its systems have been hacked and that $30 million worth of its tokens have been stolen. In a post on the project’s website (which at press time is unavailable), Tether blamed a “malicious action by an external attacker” for the […]

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First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

ICO Insider — Mon, 20 Nov 2017 11:44:24 +0000

LedgerX just initiated its first long-term bitcoin futures option. Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that […]

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Gox ICO? CEO Karpeles Floats Token Sale to Revive Bitcoin Exchange

ICO Insider — Mon, 20 Nov 2017 11:21:40 +0000

A Mt Gox initial coin offering (ICO)? It’s not unthinkable, according to the defunct bitcoin exchange’s controversial CEO. In a blog post published yesterday, Mark Karpeles detailed possible avenues for reviving Mt Gox, the once-dominant Japanese bitcoin exchange that collapsed amid allegations of fraud and mismanagement in early 2014. Hundreds of millions of dollars worth of bitcoin […]

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First BTC-LTC Lightning Network Swap Completed, Huge Potential

ICO Insider — Sat, 18 Nov 2017 17:47:30 +0000

The first ever off-chain atomic swap between Bitcoin and Litecoin has been successfully completed, according to news sources. The swap is particularly important because it was made off chain, meaning that ownership of the coins changed hands, but there was no transaction recorded on either Blockchain. According to Litecoin founder Charlie Lee: “Previous atomic swaps that I have done were on-chain, and […]

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American Express Opens First Blockchain Corridor With Ripple Tech

ICO Insider — Fri, 17 Nov 2017 05:36:53 +0000

Back in 1927, pilot Charles Lindbergh could have flown cash across the Atlantic Ocean faster than most payments happen over that same body of water today. Whereas Lindbergh completed his historic solo flight from New York City to Paris in 33 hours and 30 minutes, a typical bank transaction today takes one to two days […]

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Zug And uPort See First Citizens’ Identity Registered On The Ethereum Blockchain

ICO Insider — Fri, 17 Nov 2017 05:12:47 +0000

Through a platform established by uPort, Zug has officially opened ID registration on the Ethereum blockchain. On November 15, 2017, Ethereum-based self-sovereign identity platform uPort opened identity registration on the Ethereum blockchain to inclined citizens. The city’s partnership with uPort had been previously announced in July of 2017, and development of platform for digitizing Zug IDs has been […]

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Blockchain Wallet Will Add SegWit, Full Bitcoin Cash Support By 2018

ICO Insider — Fri, 17 Nov 2017 04:11:23 +0000

Cryptocurrency wallet provider Blockchain (formerly Blockchain.info) has announced it will add SegWit and full Bitcoin Cash (BCH) support. A tweet by CEO Peter Smith Wednesday confirmed the near-term roadmap for the popular wallet, which already supports Ethereum (ETH) in addition to Bitcoin (BTC) with limited BCH functionality. #BitcoinCash (full support in December) and #SegWit coming up next 🚀https://t.co/YZeJNbfcPh — Peter Smith […]

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‘Shitshow’ to Success? Bitcoin Gold’s Launch Has Been Anything But Smooth

ICO Insider — Thu, 16 Nov 2017 03:06:31 +0000

An attack, a chain split and general chaos on social media aren’t getting the developers behind bitcoin’s latest fork down. The bitcoin gold cryptocurrency, which split from bitcoin in October, at the time touting a new mining scheme, has had a rocky start since it launched its live network on Nov. 12. Within the first day after its release, […]

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Dutch Financial Regulator Warns Investing in Initial Coin Offerings Very Risky

ICO Insider — Thu, 16 Nov 2017 02:55:06 +0000

Dutch financial regulator, the Netherlands Authority for Financial Markets (AFM) has warned investors about the risks in the market for new digital currencies, including those issued through initial coin offerings (ICO). The regulator claimed that investors should be wary of the promises of high returns from ICOs, as well as the possibility of price manipulation in […]

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European Union Issues Two ICO Warnings

ICO Insider — Thu, 16 Nov 2017 02:48:13 +0000

European Securities and Markets Authority (ESMA) issued two same-day warnings concerning initial coin offerings (ICO) on 13 November after the preceding weekend was witness to dramatic swings in prices and volatility. One release is geared toward investors and the other is aimed at participating firms. ESMA Warns ICO Investors In what might be taken as a […]

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Billionaire Investor Novogratz: Institutional Investors Will Soon Adopt Bitcoin

ICO Insider — Wed, 15 Nov 2017 02:23:16 +0000

At the Reuters Global 2018 Investment Outlook Summit in New York, Billionaire Hedge Fund Legend and former Fortress Executive Mike Novogratz stated that institutional investors are close to adopting Bitcoin. Novogratz noted: “When it’s that easy, the price of BItcoin or Ethereum is going to go much higher. And that is a lot closer than people […]

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Police Posted at Bithumb as Users File Lawsuit After Server Outage Costs Millions

ICO Insider — Wed, 15 Nov 2017 02:15:23 +0000

Users of Bithumb, the world’s largest cryptocurrency exchange, have filed a class action lawsuit following a costly server outage on November 12. Despite only lasting 90 minutes, the outage cost traders millions of dollars, occurring at the height of frenzied bitcoin cash trading. One customer complained of losing 250 million won ($223,000) in the chaos. […]

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Bitcoin Gold Launches to Little Fanfare

ICO Insider — Tue, 14 Nov 2017 08:22:26 +0000

The bitcoin gold (BTG) network activated on Sunday with the idealistic goal to “make bitcoin decentralized again” by blocking the use of ASIC miners, but several metrics indicate that it faces significant obstacles in its quest to fulfill that mission. Bitcoin Gold Network Launches Though technically an altcoin, bitcoin gold is the latest cryptocurrency created […]

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CME CEO: Bitcoin Futures Could Begin Trading As Soon As December

ICO Insider — Tue, 14 Nov 2017 08:10:52 +0000

CME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month. “I think sometime in the second week of December you’ll see our contract out for listing,” he told CNBC today, hinting that trading could begin as early as the […]

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Bitcoin Cash Pump Stalls, Stabilizes Near $1500

ICO Insider — Mon, 13 Nov 2017 03:13:43 +0000

The Bitcoin marketplace has become a sort of chaotic mess, as the hardfork altcoin Bitcoin Cash (BCH) has surged. Many pundits have embraced the new altcoin as a way to honor the original Bitcoin vision of Satoshi Nakamoto. In contrast to the original BTC, BCH offers 8MB block sizes and faster transaction times. As the new NYA-proposed SegWit2X hard fork has […]

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Trump’s Treasury Secretary: “We are Looking Very Carefully and Will Continue to Look at” Bitcoin

ICO Insider — Mon, 13 Nov 2017 02:57:12 +0000

Trump administration Treasury Secretary, Steven Terner Mnuchin, in a recent interview, largely about US tax code and proposed cuts, gave his first public comments regarding bitcoin. Treasury is Looking at Bitcoin Very Carefully Moth to flame? Bear to honey? More money, more problems? Pick your analogy, but bitcoin’s otherworldly prices are attracting a lot of attention, […]

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Bitcoin Classic Announces Closure In Wake of Segwit2x Suspension

ICO Insider — Fri, 10 Nov 2017 13:01:56 +0000

Proposed bitcoin scaling solution Bitcoin Classic has announced it will be closing its doors, claiming bitcoin cash is now achieving what the project set out to do. Speaking in a blog post, release manager for Bitcoin Classic, Tom Zander, said that, given the suspension of the Segwit2x hard fork, bitcoin’s scaling problem will continue, and the functionality […]

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