European Regulator Renews Restrictions on Crypto-Based Derivatives

Europe’s securities watchdog, ESMA, has decided to extend the restrictions applied to a number of financial derivatives, including contracts-for-differences (CFDs) based on cryptocurrencies. The limits that were introduced in August of this year will now remain in place until the end of January 2019.   Also read: French Regulator Blacklists More Fraudulent Crypto Businesses ESMA Concerned About CFDs Offered to Retail Clients The European Securities and Markets Authority (ESMA) has taken steps to renew the restrictive measures imposed on the marketing, distribution, and sale of contracts-for-differences (CFDs) to retail customers.…

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Free Crypto Trading App Robinhood Available in Alaska and Oklahoma

“Alaska, thanks for bearing with us,” popular smartphone trading app Robinhood tweeted. “Trade Bitcoin and other cryptocurrencies, commission free.” Mere days after, it announced the same for Oklahoma. Residents of the two states can now trade bitcoin cash, dogecoin, ethereum, ethereum classic, and litecoin on its platform. Also read: Colombia Crypto Exchange Asks New President for Banking Help Robinhood Brings Free Crypto Trading App to Alaska and Oklahoma This week Robinhood, the booming smartphone stock and crypto commission-free trading app, announced it had extended its services to the US states…

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US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges

A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Judge Rules My Big Coin Is a Commodity In a lawsuit against My Big Coin Pay Inc. and its founder, the CFTC’s authority has been challenged by the defendants. The case could not move forward until…

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Bitcoin Will Thrive When Naysayers Like Warren Buffett Will Be ‘Pile of Dust’

The opinions of billionaire Bitcoin naysayers Warren Buffett and Charlie Munger will be obsolete in 20 years as both will be “a pile of dust” and Bitcoin will endure. Generational Differences That was the conclusion drawn by research this week about the huge differences between the older and younger generation when it comes to the cryptocurrency. Using data from Fundstrat Global Advisors and Bankrate, Captain Altcoin and Accept.io’s Admir Tulic notes that Buffett and Munger broadly characterize an aging baby boomer generation struggling to keep up with advances in technology.…

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Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

On Thursday, September 27, Eminent.ly developers announced the launch of an application programming interface (API) called Chopsticks.cash. The Chopsticks API is for application developers or advanced users that are worried about the possibility of a contentious fork this November. Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go Chopsticks API Allows Application Developers to Submit Raw Signed Transactions to All Post-November-15-Fork BCH Chains Everyone knows a Bitcoin Cash hard fork is scheduled for November 15th of this year and at the moment there is a controversial…

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Ether is ‘Property’ And ‘Should Be Protected By Law,’ Says Chinese Court

A court in China has ruled Ether (ETH) is “property” and should come under the protection of the law in a landmark case this week. China Legislators: We ‘Cannot Deny’ ETH Status Details of the decision appeared in local media outlet Baidu September 27 and were subsequently translated by social media commentator cnLedger. The case involved an investment of 20 ETH in an unnamed “technology company,” Baidu reports, likely as part of an ICO, in August 2017. One month later, as Chinese authorities clamped down on the fundraising practice, the…

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Security Audit Of Exchange Or ICO. Simple Things You Should Know

Today, crypto companies are beginning to realize that it’s better to spend a sizeable portion of their budget on assessing security than to lose reputation. Nevertheless, the security problem of ICOs and crypto exchanges remains acute. Potential threats to crypto projects and reasons to engage in security testing have become the subject of our conversation with Dmitry Budorin, CEO of Hacken and HackIT 4.0, the annual forum on cybersecurity held in Ukraine. According to various estimates, up to 90% of crypto-currency applications are experiencing security problems. Why is this happening?…

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Bitcoin Group SE Reports Half-Year Profit Surges 300% to $3.86 Million

German digital currency exchange Bitcoin Group SE reported on Friday a first-half net profit increase of more than 300% to €3.33 million (~$3.86 million USD). The company added 86,000 new accounts of people buying and selling cryptocurrency like bitcoin and bitcoin cash in the first six months of 2018. Also read: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support Bitcoin Group SE Profits 300% Rises on Increased Customer Traffic Bitcoin Group SE today reported its net profit soared 306% to $3.86 million in the first half of the year as more people bought…

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1Broker.com Domain Seized by the FBI

U.S. authorities, including the FBI, have come down against securities dealer 1Broker for allegedly coming into conflict with federal law. through a Bitcoin-based security swap scheme.   Governmental authorities in the United States have levied allegations and charges against a Marshall Islands-registered securities dealer, 1Broker (1pool Ltd.) for allegedly breaking federal securities laws by carrying out a security swap scheme funded with Bitcoin (BTC) 00. According to a September 27th press release from the U.S. Securities and Exchange Commission (SEC), an undercover FBI agent was allegedly able to buy some…

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Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go

The creators of the counterparty.cash protocol and Openbazaar developer Chris Pacia have announced two separate Bitcoin Cash full node clients written in the programming language Go (golang) — Gocoin-cash and Bchd (gcash).   Also Read: BCH Roundup: Markets and Developments Leap Ahead This Week Gocoin-cash: A Full Bitcoin Cash Solution Written in Go Language The Bitcoin Cash network has a lot of full node clients which include Bitcoin ABC, Unlimited, Bcash, Parity Cash, XT, SV, and the Bitprim implementation. Some of the clients are written in the original C++ programming language Satoshi used when the…

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