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Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator

October 15th, 20183 Carlson Tong Ka-shing believes Hong Kong needs a more robust regulatory framework for cryptocurrency trading. The soon-to-be former head of the Hong Kong Securities and Futures Commission (SFC) has called for greater emphasis on investor protection in the volatile virtual currency trading arena. Blanket Cryptocurrency Trading Ban isn’t...

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Despite the Falling Market, Lynked.World Secures Impressive $5 Million in Support from Institutional Funds

October 15th, 201811 The great news is out: Lynked.World was able to forge a strategic partnership with the leading blockchain investment firm Pecunio Investments. According to the freshly signed deal, Pecunio’s support of the project will amount to up to $5M. Pecunio is a Dubai-based venture capital fund that holds an ever growing portfolio of blockchain...

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Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

October 15th, 20183 USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets. Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT 00, countered by a 5 percent rise in the price of Bitcoin (BTC) 00, coinciding with...

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Crypto-Fueled Music Fest Arrives in Berkeley This Month

October 15th, 201817 The city of Berkeley is no stranger to the alternative and experimental. This attitude lives on as UC Berkeley’s Greek Theatre gears up to host Our Music Festival, the first music fest “powered by a cryptocurrency.” The heady California city of Berkeley is historically associated with experimental and countercultural values....

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Officials Push Ahead Despite Concerns With West Virginia’s Blockchain Voting Experiment

October 14th, 20187 West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward. Earlier this year, Bitcoinist reported on West Virginia’s ambitious...

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Adobe Flash Player Updates Could Contain Crypto Malware

October 14th, 201817 Palo Alto Networks warned this week that fake Adobe Flash Player updates carrying cryptocurrency mining malware are on the increase. In its latest blog post, the cybersecurity company reveals that it has uncovered more of the fake Flash updates during its work and research than ever before. These fake updates use pop up...

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The Problem With ‘Sustainable Journalism’ Platform Civil

October 14th, 201819 ConsenSys backed “sustainable journalism” marketplace Civil isn’t raising as much as it had hoped in its ICO. Civil’s ambitious plans have been picked apart by, you guessed it, journalists. Free Press or Censorship Civil’s approach to revolutionizing journalism has been questioned in a recent post by Financial Times’...

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Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

October 14th, 20185 When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage. The Global Energy Misconception The pseudo-environmentalist brigade will have you...

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Bitmain Adds 5 New Billionaires to China’s Wealthiest List

October 14th, 20187 China’s latest rich list for 2018 sees five billionaires joining China’s wealthiest for the first time thanks to Bitmain’s market lead on cryptocurrency mining. The Hurun Research Institute 2018 Hurun Rich List now includes Bitmain’s founders, CEO and Vice President. The five have a combined wealth equalling nearly $9 billion...

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Barclays Puts Its Cryptocurrency Trading Platform ‘On Ice’