Month: February 2018

J.P. Morgan Chase has added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the US Securities and Exchange Commission (SEC), filed yesterday, Feb. 27. The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P. Morgan’s operations: “Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.” Read more …

With cryptocurrency being all the rage these days, more and more authorities are looking for ways to warn consumers of the potential risks associated with investing in and trading these digital coins. However, in what may be the most creative way that an authority has attempted to warn consumers of the dangers associated with cryptocurrencies, Poland recently paid a YouTube star to create a video surrounding the idea of a cryptocurrency crash. Poland Pays a Star for Cryptocurrency Crash Video Read more …

Coincheck, the Japanese cryptocurrency exchange that saw major losses in a recent hack, is reportedly being hit by another lawsuit demanding refund of cryptocurrency assets. According to Japanese media outlet Sankei, an additional 132 investors have joined a class action suit filed with the Tokyo District Court on Feb. 27 that seeks a refund of about 228 million yen (around $2.1 million) in cryptocurrency. The new case again puts Coincheck in the spotlight once more, as the exchange has yet Read more …

Regulation The chairman of Switzerland’s stock exchange, Romeo Lacher, has spoken in favor of developing a Swiss national cryptocurrency. Mr. Lacher suggested that the proposed “e-franc” would provide a boost to the Swiss economy, in addition to comprising a payment system offering benefits over traditional systems. Also Read: Chinese Entrepreneur Warns Against Mining and ICO Bans  Swiss Stock Exchange Head Advocates Development of “E-Franc” Robert Lacher, the head of Switzerland’s stock exchange, has spoken in favor of the Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Chinese regulators are reportedly gearing to scrutinize domestic cryptocurrency traders further by threatening to have their assets frozen. In what could cement China’s final crackdown on cryptocurrencies, regulators are targeting domestic investors who continue to partake in crypto trading via offshore cryptocurrency platforms, Bloomberg reports. Citing discreet sources, the report claims that authorities could scrutinize bank and online-payment accounts belonging to individuals and businesses who have circumvented Read more …

Confronted with substantial federal funding reductions, Berkeley, California, is turning to crypto tokens as away to fund services like affordable housing. Mayor Jesse Arreguin and councilman Ben Bartlett have teamed up with San-Francisco-based investment startup Neighborly to advance an initiative that would divide municipal bonds into micro-bonds and then sell them as tokens in what they call an “initial community offering.” “Essentially, we would like to explore some new ways of financing because we have terrific needs, and we’re concerned Read more …

Altcoins In less than six hours, zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive bitcoin private (BTCP) on a 1:1 basis. There’s just one problem: 93% of all zlcassic (ZCL) is on Bittrex exchange, which until today had neglected to pass comment on whether it would support the fork. As the price of ZCL has dropped sharply, Read more …

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. SINGAPORE – The advent of blockchain technology is provoking a revolution of the Internet of Value. In the blockchain world, Ethereum, NEO, EOS and other blockchain-based computing platforms exploit land to run applications. On this Read more …

News You’ve heard of the scheme, seen the tweets, and been smart enough not to send cryptocurrency in the promise of receiving more back. The Twitter crypto scam, in which fraudsters impersonate the accounts of exchanges and influencers, is as simple as it is pernicious. While the odds of anyone falling for these scams is remote, they’re spoiling crypto Twitter for everyone – and Twitter is to blame. Also read: If You’ve Been Scammed Out of Cryptocurrency It’s Read more …

Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the day, but could still close the month on a positive note. CoinDesk’s Bitcoin Price Index (BPI) clocked a seven-day high of $11,044 at 06:30 UTC and was last seen around $10,610. Due to the retreat from the intra-day high, the cryptocurrency is now trading largely unchanged on a 24-hour basis, according to data source CoinMarketCap. With BTC closing last month at $10,221, the cryptocurrency is on Read more …