Once upon a time initial coin offerings were open to everyone. That time was last year, and since then gaining entry to ICOs has become increasingly difficult. In response to regulatory attention from the SEC, crypto startups have begun to perform due diligence on aspiring investors. Thanks to onerous KYC requirements, the pendulum has swung the other way, presenting hackers with an additional prize – the data of tens of thousands of investors. Also read: Many Token Crowdsales No Longer That Open to the Crowds KYC Requirements Are an Accident…
Read MoreMonth: February 2018
‘No One Should Have That Power’ – Maxwell Slams Vitalik Buterin ‘Rescue Forks’
The hack of Italian exchange BitGrail involving Nano (XRB) has caused a rift between cryptocurrency’s biggest names after its owner asked Nano to alter its ledger. BitGrail Owner Wanted Ledger Change To ‘Cover Losses’ While the hack affected a tiny number of cryptocurrency holders, BitGrail’s choice of remedy has led to ricochets involving Ethereum co-founder Vitalik Buterin, Bitcoin Core developer Greg Maxwell and others. BitGrail, a low-level operation, reportedly lost “17 million” XRB tokens last week. While the exchange remained silent on the specific events, Nano published a blog post…
Read MorePR: EDU Ecosystem to Open Engineering Office in Kiev in April
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. EDU Ecosystem (LiveEdu) successfully completed Round I of their ICO by raising $10M. The company is wasting no time in starting on their roadmap targets, announcing plans to open an engineering office in Kiev, Ukraine this April in addition to their planned Southern California office.…
Read MoreNvidia CEO: Crypto’s ‘Real Utility’ is Clear
Nvidia is raking in profits thanks to cryptocurrency mining and an increased demand for their GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is obvious. “It’s Not Going to Go Away” As Bitcoin and other cryptocurrencies continue to explode into the mainstream consciousness, so too does the demand for high-powered GPUs capable of generating the best results when mining — the process of confirming transactions. The demand for GPUs has helped cause American technology company Nvidia Corporation’s shares to skyrocket 8 percent, up to $234.04, with an…
Read MoreIMF: Cryptocurrency Regulation is ‘Inevitable’
The cryptocurrency market has largely operated free from regulation since Bitcoin first came about in 2009. With crypto on everyone’s minds these days, however, the IMF says Bitcoin regulation is an unavoidable eventuality. “It’s Inevitable” According to International Monetary Fund (IMF) chief Christine Lagarde, it’s not a matter of “if” cryptocurrencies will be regulated by world governments, but rather “when.” Explained Lagarde to CNNMoney: It’s inevitable. It’s clearly a domain where we need international regulation and proper supervision. Lagarde also joined in on the rhetoric that cryptocurrencies are largely utilized…
Read MoreChechnya Leader Kadyrov Buys Bitcoin to Follow Evolution
Striving to keep up with development, the president of Chechnya Ramzan Kadyrov has bought himself some bitcoins. The outspoken strongman of the once restive Russian republic has bragged about the purchase on social media. Whether that means “yes” to cryptocurrency in the Caucasus is ultimately up to Moscow. Nevertheless, the government in Grozny has been somewhat positive towards the concept of decentralization and has already moved to put some public records on a blockchain. Also read: Kazakhstan, Kyrgyzstan, and Uzbekistan on the Crypto Radar Holding a Share of Bitcoin “I’ve…
Read MoreTop US Official Tells Cryptocurrency to Regulate Itself
While the US government figures out exactly how to handle Bitcoin and the volatile cryptocurrency market, Brian Quintenz, a commissioner with the Commodity Futures Trading Commission, suggests crypto companies should start regulating themselves. Regulate Yourself With the likes of Bitcoin, Ethereum, and others, there are plenty of solid options for savvy investors who do their own research in the cryptocurrency market. On the flip side, however, exists a wealth of fraudulent scams, Ponzi schemes, and incompetent projects — regularly making off with inexperienced investors’ hard-earned cash. Though government regulation in…
Read MoreChechen Republic Leader Admits Buying Bitcoin
The head of the Chechen Republic, Ramzan Kadyrov, has admitted to buying a fraction of a Bitcoin, stating he is looking forward to following its price. Chechen Leader Buys ‘A Fraction’ of a Bitcoin The head of the Chechen Republic, Ramzan Kadyrov, revealed to the Russian press that he purchased a “fraction” of a bitcoin. He also acknowledged that he is interested in keeping tabs on the cryptocurrency’s progress. “I already said that blockchain technology will be introduced in the Chechen republic,” Kadyrov wrote on his Telegram on Saturday. He…
Read MorePR: ITT – Here to Discover, Decipher and Deliver Actionable Crypto Trading Alerts for All
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Introducing Intelligent Trading Technologies (ITT), an innovative platform created to assist crypto enthusiasts of all skill levels navigate the alluring yet perilous waters of the crypto world. Access to a large volume of high quality information is essential to the maintenance of a “winning edge”…
Read MorePolitical Bitcoin Donations are Gaining Traction
As cryptocurrency becomes more accepted, more and more political campaigns are happy to accept Bitcoin donations to fuel their run for office. They say that politics make strange bedfellows. However, one thing in politics is easily understood by every politician and political party: money. While it’s nice to dream that good intentions and the desire to do public service are the driving forces behind politics, the reality is that it’s money, and lots of it. Now it seems that another player is entering the political arena to join fiat currency…
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