News This week cryptocurrency enthusiasts were pleased to hear that the infamous imageboard 4chan now accepts four different digital assets for its website pass. The $20 annual pass allows users to bypass captcha verifications when posting on 4chan and now users can purchase passes with BCH, BTC, ETH, and LTC. Also read: Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity 4chan Accepts Four Cryptocurrencies for Captcha Passes The notorious forum 4chan is an interesting place on the Read more …
Category: Cryptocurrency News
Tether, Bitfinex Reportedly Deserting ‘Unprofitable’ Noble Bank
Noble Bank, the “non-fractional reserves” institution which was once the primary reserve bank for Tether (USDT), is facing competition from other banks amid claims it is “no longer profitable.” Non-Fractional And Non-Profitable? As Bloomberg reports October 1, Noble, registered in Puerto Rico, is now seeking a buyer on the back of the back of lax revenues stemming from 2018’s prolonged cryptocurrency bear market. Most importantly, according to an unidentified source, the bank’s major clients — Tether and cryptocurrency exchange Bitfinex Read more …
Will Bitcoin Drop in Price? or is ETF Hype Rising Again
The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for over 4 decades, stated that the decline in the premium on GBTC is attributable to two major factors: a potential drop in the price of Read more …
South Korea’s Policy Chief Calls for Legalization of ICOs
The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), provided that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global trend, “I do not want the ICO door closed completely … The state should not ignore [the issue].” The policy chief spoke earlier Tuesday during 8th Read more …
Draconian Digital Search Laws Threaten Bitcoiners Passing Through Customs
Security Draconian legislation in a series of supposedly liberal democracies is encroaching on the rights of travelers. New Zealand is the latest nation to pass laws granting customs agents unprecedented investigatory powers including the right to force travelers to disclose their passwords or face a $5,000 fine. The news has understandably been greeted with alarm by bitcoiners who have particular reason to prize their privacy. Also read: How to Protect Your Bitcoin and Your Privacy When Passing Through Customs New Read more …
Blockchain Has ‘Staggering’ Potential, Pres. Bill Clinton Tells Ripple Conf.
Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct. 1, a former U.S. president appeared at a cryptocurrency industry conference sponsored by the largest holder of — not bitcoin — but a cryptoasset just Read more …
Sia Announces Hard Fork to Brick Bitmain ASICs
After close to a year of debates within its community, Sia has finally gone ahead with a hard fork to brick out Bitmain and Innosilicoin ASICs. Following the hard fork, only miners using Obelisk hardware will be able to mine on the blockchain. Pushing Back on Bitmain and Innosilicon ASICs Sia cofounder, David Vorick announced the news in a blog post on October 1st via the project’s Medium Account. According to Vorick: Sia is forking today to reprimand the current ASIC Read more …
Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It
The U.S. Federal Election Commission (FEC) is considering a request that, if approved, would allow people to volunteer for political campaigns by lending some of their computing power to mine cryptocurrencies. The request from OsiaNetwork LLC, quietly published in late September, is the first of its kind, and if given the thumbs-up would represent a new way for cryptocurrencies to be used to support political efforts in the U.S. The request is currently subject to a public comment period. In Read more …
Google’s Ban of Obfuscated Code From Web Store Extensions Likely to Affect Cryptojackers
Google’s new restrictions on Chrome Web Store extensions introduced Monday, October 1, are likely to affect cryptojackers. In a blog post, Google confirmed that as of now, Chrome extensions submitted to the Web Store would not be allowed if they contained “obfuscated” code. Aside from the security implications, obfuscated code, which the post describes as “mainly used to conceal code functionality,” “adds a great deal of complexity” to the process of reviewing extensions for approval. Cryptojackers rely on the clandestine Read more …
Cardano Launches Rust Project to Entice Third-Party Developers
Cardano, the platform underpinning ADA, the ninth largest cryptocurrency by market cap, is opening its doors to third-party developers through a new client, written in systems programing language Rust. “As a project matures and grows, you need to satisfy the demands of different clients,” Charles Hoskinson, CEO at IOHK, the blockchain development company behind Cardano, told Bitcoin Magazine. IOHK made the announcement on October 1, 2018, exactly one year after it launched Byron, the first version of Cardano’s settlement Read more …
Flippening? Singapore Hosted More ICOs than the US in August: Report
With the increased regulatory scrutiny on ICOs in the United States, there appears to be a move by projects towards more friendly environments. According to blockchain analytics firm Elementus, there was a decline in the number of ICOs hosted in the United States compared to Singapore in the month of August. In that month the city-state hosted 17 Initial Coin Offerings while the United States hosted 15. This was the first time ever that the tiny city-state hosted more ICOs Read more …
VC Investment in Blockchain Startups Is Up 280% So Far This Year
As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the first three quarters of the year – that up 280 percent when compared to the whole of 2017, it says. Based on data from Pitchbook, the report indicates that number of deals Read more …