Month: November 2018

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The two addresses publicized by the US Treasury this week as belonging to associates of those behind the SamSam Ransomware attack, a lucrative operation that ran for years and affected computer systems the world over, have received a few transactions since. The names of the banned persons are Ali Khorashadizadeh and Mohammad Ghorbaniyan. The US Treasury Read more …

Regulation The U.S. Securities and Exchange Commission has hit two celebrities with record fines for shilling initial coin offerings (ICOs). Boxer Floyd Mayweather Jr. and music producer DJ Khaled were taken to task for failing to disclose payments they received for touting the projects. The case marks the first time the SEC has taken against celebs for ICO promotion. Also read: Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering Centra ICO Censured Again by SEC The SEC has Read more …

Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and high of $4,400 (Nov. 29). As of press time, the top coin is at $4,037, down Read more …

Researchers at Israel-based cybersecurity firm Check Point Software Technologies say that a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.” In a research note on Thursday, the firm’s Ido Solomon and Adi Ikan said that KingMiner, a monero mining malware that first appeared about six months ago, is changing through time to avoid detection – even replacing older versions of itself that it encounters on host machines. The researchers said: “The malware continuously adds new features and bypass Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 28, the price of Bitcoin (BTC) spiked from $3,771 to $4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $3,861, dropping below the $4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the short-term Read more …

Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general rules for industry regulations — Decree No. 8 “On the Development of the Digital Economy” — had already been signed last year. Read more …

On November 15th 2018, the Bitcoin Cash (BCH) network successfully upgraded and adopted new consensus rules. This hard fork resulted in a chain split and a new coin: Bitcoin SV (BSV). Follow the steps below, and you will be able to claim your BSV. A Successful Bitcoin Cash (BCH) Network Upgrade On November 15th 2018, the Bitcoin Cash network upgrade resulted in two separate chains: BCH and BSV. This upgrade included CTOR and other protocol upgrades to improve on-chain scalability, making BCH Read more …

Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. In a methodology overview, Bitmain said the product was “developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The global chief economist of Swiss financial giant UBS, Paul Donovan, has reiterated his position that cryptocurrencies have no ‘future’. Speaking to business channel CNBC, Donovan said that cryptocurrencies are flawed and will never go mainstream. According to Donovan, from the time bitcoin and other cryptocurrencies started rallying to stratospheric levels towards the end of last Read more …

The creator of ethereum, Vitalik Buterin, has just been awarded an honorary doctorate by the University of Basel. Now Dr. Buterin, Vitalik received the recognition from the institution’s Faculty of Business and Economics for his work on blockchain development at the Dies Academicus – an annual celebration of the founding of the university – on Friday. Prof. Aleksander Berentsen, dean of the business faculty, said, “Vitalik’s blockchain innovations are game changing. He has blazed a trail for science and industry to Read more …