The Texas State Securities Board announced on Wednesday that it had completed the second regulatory crackdown on cryptocurrency services. The regulator’s Enforcement Division required two allegedly fake crypto firms to cease their activities. Bogus Crypto Firms Mislead Investors The Austin-based securities board accused PK Crypto Investment and Cyp Miner of presenting false and misleading information to attract investors who are looking for high-risk returns. Specifically, PK Crypto claimed that it was a US-registered asset-management investment firm. However, the entity wasn’t registered either with the Texas regulator or the Securities and…
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SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom
The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry Close to 5,000 SLP Tokens Created and Dividend Payments Lots of individuals have been creating SLP tokens on the Bitcoin Cash (BCH) blockchain. Using the SLP…
Read More104 Addresses Hold 70% of Tether, Research Reveals
The ownership of tether (USDT) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against tether’s operators. That adds to the persistent critique that the coin isn’t backed one-to-one with U.S. dollars as previously claimed. Also read: Telegram Awaits Court Hearing on SEC Case Against Its Token Sale $2.8 Billion of USDT Held by a Handful…
Read MoreDebunking Dr. Doom’s Latest Comments About Crypto
In a recent debate with Roger Ver hosted at the CC Forum event in London, Dr. Nouriel Roubini shook his fist at crypto assets once again, making a series of accusations on any and all coins. Former Bitcoin.com CEO, Roger Ver, faced off as a defender of Bitcoin Cash (BCH) and the wider crypto ecosystem this week, against the renowned Professor of Economics. While the clash was exciting to say the least, it was by no means a close battle. Roubini’s comments on crypto were particularly close-minded and showed a…
Read MoreBitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto
Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of cash, when it comes to declaration of assets. Also Read: Where US Regulators Stand on Cryptocurrency Traveling Privately With Crypto While the installation of another crypto ATM doesn’t exactly herald groundbreaking change in the crypto…
Read MoreNo, Pepsi’s ‘Pepcoin’ Is Not a New Cryptocurrency
Many people believe that one of the main drivers for mass adoption is major corporations launching their own cryptocurrencies. But sadly, that isn’t going to be Pepsi just yet despite what some have suggested. Pepcoin Is a Rewards Program FMCG giant Pepsico recently announced a new rewards program called Pepcoin last month in conjunction with PayPal and Venmo. But for those of you who wrongly assumed that Pepsi had begun its foray into the crypto world, Pepcoin is definitely not a cryptocurrency. #pepcoin is coming… are you ready?? #Crypto pic.twitter.com/CMSOvpHKs3…
Read MoreTesla Rival Speeds Ahead with Bitcoin (BTC) Payment Option
Luxury electric car maker, Karma Automotive, now has a Bitcoin (BTC) payment option for its models. The firm is now ahead of Tesla, which has so far only toyed with the idea proposed by the crypto community. BTC Payments Part of the VIP Package Karma now offers new buyers and old customers the opportunity to use BTC to buy new car models, as well as services. The option will be available at the Karma Newport Beach Store, the company’s flagship operation. The service is part of the VIP option package…
Read MoreSmart Contract Blockchains Are Struggling to Scale
Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, an array of scaling solutions has been proffered – some of which could also benefit UTXO blockchains such as BCH and BTC. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance The Great…
Read MoreBank of Canada to Fight Crypto with Own Digital Currency
The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control. However, governments learned gradually how to deal with the emerging crypto space. As the saying goes – ‘if you can’t beat them, join them’. An internet BoC presentation, called “Central Bank Money: The Next Generation,” claims that…
Read MoreBitcoin (BTC) Miners Throw Out “Stale” Block
The Bitcoin network created a rare event – a block discovery happening by two pools at the same time. In theory, such an event could be the root of a hard fork. Highly Competitive Miners Co-Discovered a Block Bitcoin (BTC) did not go through a hard fork, but produced a rare event where two pools discovered the right block header at the same time. In the end, one of the pools won the block, and started to propagate it among nodes. The block production was an anomaly, but was resolved…
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