Tag: cryptocurrency

SEC chairman: Bitcoin won’t trade on real exchanges anytime soon

Bitcoin BTC won’t be traded on real exchanges like Nasdaq or New York Stock Exchange any time soon — or so says US Securities and Exchange Commission chairman Jay Clayton. At a conference earlier today, Clayton maintained that Bitcoin needs stronger regulation before that happens, and until then, investors should remain wary, CNBC reports. “If [buyers] think […]

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North Korea’s cryptocurrency is most likely bullshit — just like its conference

North Korea is supposedly preparing to develop its own cryptocurrency to dodge the strict international sanctions crippling its economy, VICE News reports. The project was announced by Alejandro Cao de Benos, the head of “Korean Friendship Association,” a group that seeks to promote international relations with the Democratic People’s Republic of Korea (DPRK). Cao de […]

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Man charged with running Bitcoin–powered fake ID cartel gets a year in US prison

A man charged with creating fake IDs in a major Bitcoin-powered distribution ring has been sentenced to one year and one day in US federal prison. Aaron Kuns, from Toledo (Ohio), who pleaded guilty in June, will also be subject to three years on supervised release and will have to forfeit his cryptocurrency holdings — valued at around $9,675 […]

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Ethereum ‘ICO architect’ arrested over alleged $12M cryptocurrency extortion

Two individuals in the US, including a former advisor to various blockchain projects including Ethereum, ETH have been arrested for their alleged role in a series of multi-million dollar cryptocurrency extortion. According to a Department of Justice statement, former Ethereum advisor Steven Nerayoff and Michael Hlady were arrested after supposedly threatening to “destroy a startup […]

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SEC sues cryptocurrency startup ICOBox for selling $14.6M worth of unregistered tokens

The Securities and Exchange Commission (SEC) has sued ICOBox, and its founder Nikolay Evdokimov, for allegedly running an illegal token sale worth more $14.6 million. According to the complaint, raised the funds in 2017 to create a platform for issuing initial coin offerings (ICOs). The SEC says the firm sold its “ICOS” tokens to more than […]

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Meet Panda, an illicit cryptocurrency mining crew terrorizing organizations worldwide

Cybersecurity researchers have profiled a hacking crew named “Panda” believed to have amassed roughly $90,000 worth of cryptocurrency via remote access tools (RATs) and illicit mining malware. The Cisco Talos Intelligence Group noted that while Panda isn’t exactly sophisticated, it has persisted as one of the internet’s most active attackers in recent years. Talos researchers […]

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Satoshi Nakamoto ‘wannabe’ Craig Wright in talks to settle multi-billion dollar Bitcoin suit

Craig Steven Wright, the man who’s claimed to be Bitcoin’s anonymous creator countless times, is down to his last hope in the epic $10 billion Dave Kleiman lawsuit: settlement. According to a Florida Federal Court document, which was submitted yesterday, Wright and the Kleiman estate have requested an extension on all deadlines in a bid to begin […]

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ING: People who know the least about cryptocurrencies are the most excited about them

Were you thinking that cryptocurrency mass adoption was just around the corner? Well, perhaps think again. A recent study from Dutch bank ING has found that cash still reigns supreme. ING says in its report that general sentiments towards cryptocurrencies and their usefulness “have not changed drastically” since the bank conducted a similar survey a […]

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Money’s Evolution is Built on Trust. Can Crypto Follow?

This story is part of Techonomy’s original series about the evolution of money. Money is mankind’s greatest innovation. It’s the grease that keeps technology’s wheels churning, enables entrepreneurs to thrive, corporations to scale, and global markets to connect. To appreciate money’s evolution, it’s essential to understand it as being driven by trust. Textbook definitions explain […]

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Deloitte is testing Bitcoin in its canteen — but staff could get pretty hangry

“Big four” accountancy firm Deloitte is allowing staff to buy lunch with Bitcoin BTC as a means of testing its usefulness, Luxembourg Times reports. “We think it’s good to have our employees assess this new technology,” a partner at Deloitte’s advisory arm told reporters. They then confirmed that Deloitte isn’t prioritizing micropayments, or even allowing clients […]

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Canada’s Revenue Agency is now curious about defunct crypto exchange QuadrigaCX’s tax returns

Canada’s Revenue Agency is now looking into the corporate tax returns submitted by QuadrigaCX, the troubled cryptocurrency which collapsed earlier this year, taking approximately $134 million of users’ funds with it. That’s according to the trustee overseeing bankruptcy proceedings, the Globe and Mail reports. The exchange made headlines all over the world after its founder […]

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Kraken bug apparently let users buy Bitcoin for $8,000 and instantly sell it for $12,000

Cryptocurrency exchange Kraken – one of the world’s oldest – has disclosed a bug that apparently allowed certain customers to purchase Bitcoin at $8,000 and sell it for $12,000. Image provided by Kraken on Twitter Taking to Twitter, the exchange said “a test of an unreleased advanced order type encountered a bug, which resulted in the […]

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New Linux malware mines crypto after installing backdoor with secret master password

Cybersecurity researchers have identified a new strain of Linux malware that not only mines cryptocurrency illicitly, but provides the attackers with universal access to an infected system via a “secret master password.” TrendMicro’s latest blog also reveals that Skidmap attempts to mask its cryptocurrency mining by faking network traffic and CPU-related statistics. High CPU usage […]

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This CoinMarketCap parody site tracks Bitcoin’s market cap, plus 99 shitcoins

The cryptocurrency market is a confusing place at the best of times. All that complicated technology and all those names of coins that aren’t Bitcoin. BTC There’s a lot to take in, but worry no more. Meet CoinMarketCrap. A knock-off of, you guessed it, popular cryptocurrency market information site, CoinMarketCap. It appears the site launched […]

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Surprise! Survey says just 20% of rich millennials are investing in cryptocurrency

One in five millennials (20 percent) have invested in cryptocurrency, according to new survey results. As part of the survey, UK law firm Michelmores surveyed 500 affluent millennials – arguably a low amount – with investable assets of £25,000 or more about their approach and attitudes to money, work, investing, and lifestyle. The research shows that […]

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HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1

HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage. The relationship is mutually beneficial. HTC hopes to differentiate its smartphone by making it simple for people to use the phone for cryptocurrency trading. And HTC could drive more traffic to Bitcoin.com, adding to the more than […]

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Moonday Mornings: Teen allegedly stole unreleased A-list music to sell for Bitcoin

Gather round forkers, it’s time for Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. 1. Police in the Philippines have arrested 277 Chinese nationals following a tip-off from the Chinese authorities. The suspects are thought to be connected to a cryptocurrency scam primarily targeting investors based in China, a local […]

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France calls for EU-wide cryptocurrency rules amid Libra concerns

The European Union needs to establish a common set of rules for cryptocurrencies to counteract risks posed by Facebook’s Libra, France’s Finance Minister Bruno Le Maire said today. According to Reuters, Libra could pose risks to consumers, financial stability and even “the sovereignty of European states,” Le Maire said. His latest comments come just one day […]

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