A person or group made off with about $18 million after gaining control of 51 percent of the network’s hash power. On May 18, 2018, the bitcoin gold network suffered what could be a multi-million-dollar loss from a 51 percent attack. During the attack, the perpetrator was able to steal 388,201 BTG, presently worth approximately […]
Four unnamed sources with access to information about current US Department of Justice investigations have provided details of an ongoing joint investigation between the department and the CFTC into cryptocurrency price manipulation. The United States Department of Justice is apparently conducting an investigation into suspected price manipulation of bitcoin as well as other cryptocurrencies by […]
According to a Thursday report, Noble Bank International has provided its banking services to Bitfinex since sometime in 2017. The cryptocurrency exchange seems to have cycled through a series of banking relationships after Wells Fargo abruptly ended its relationship with the company in April 2017. The 1976 film All the President’s Men popularized the phrase […]
The Monetary Authority of Singapore has shut down an ICO and issued a warning to eight digital token exchanges about possible securities law violations. On May 24, 2018, the Monetary Authority of Singapore (MAS) demanded an unidentified ICO cease selling tokens in Singapore, as it determined the offering was in violation of the country’s Securities and […]
Bank of America has been granted a patent by the US Patent and Trademark Office for a system that uses time and native security tokens to control access and security for subcomponents of blockchains. Bank of America’s newest blockchain-related patent, a “system for managing security and access to resource sub-components” (USPTO patent #9979718), offers a […]
iStock.com/tigerstrawberry Crypto Rally Slows Down As I write this report, cryptocurrency prices are in the middle of a vicious tug of war between the bulls and the bears. And the bears are winning right now. Most, if not all, of our favorite cryptocurrencies trended down over the last seven days, erasing the progress they made […]
Politicians in Colorado may be next in line to accept cryptocurrency to aid their campaigns. On May 16, the Denver Post reported that candidates for state office in Colorado might soon be allowed to accept cryptocurrency as campaign contributions. Secretary of State Wayne Williams presented the proposal in a working draft of proposed rules governing […]
A Japanese financial watchdog has apparently pushed cryptocurrency trading platforms operating in the country to stop allowing customers to trade in several privacy coins. UPDATED | May 21, 2018: The cryptocurrency exchange Coincheck, which was recently acquired by the Monex Group, has announced that effective June 18, it will no longer support the trade of […]
Operation Cryptosweep has targeted nearly 70 fraudulent ICOs and crypto-related investments products since May 1. UPDATE | May 23, 2018: Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), yesterday endorsed NASAA’s Operation Cryptosweep. In a statement, Clayton said: “I applaud our fellow regulators in the United States and Canada who are coordinating […]
Russia’s Justice Minister gives cryptocurrency a legislative definition in an attempt to clarify current regulations. Russia has had a tumultuous relationship with cryptocurrency in the past, but on Friday, the Russian government took what could be a big step towards defining what cryptocurrency is, and how it will be used. Surprisingly, it was an October […]
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