Day: August 30, 2018

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

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The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans. At a time when other participants in the space are reporting low demand due to depressed crypto market prices, questions are being asked about the suitability of the IPO plans. Mining rig Market Falls off a Cliff At the height of the…

EU to Discuss Further Crypto Regulation Amid Concerns About Lack of Transparency

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Economic and financial affairs ministers from the European Union’s (E.U.) 28 member states will reportedly hold an informal meeting on the challenges posed by digital assets and the possibility of tightening regulations, Bloomberg reported August 29. According to a draft note seen by Bloomberg, participants will discuss a general lack of transparency and the potential for cryptocurrency to be used for tax evasion, terrorist financing and money laundering at a September 7 meeting in Vienna, Austria. The European Securities and Markets Authority (ESMA) has previously warned customers about Initial Coin…

NASAA probing more than 200 ICOs and cryptocurrency investments

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The North American Securities Administrators Association is investigating more than 200 initial coin offerings and cryptocurrency-related investment products for fraud and other violations of state and provincial securities laws, in an initiative called Operation Cryptosweep. Since its launch in May, Operation Cryptosweep, which coordinates the investigations with state and provincial securities regulators in the United States and Canada, has resulted in 47 enforcement actions. While some of the active investigations entail suspected securities fraud, Joseph P. Borg, NASAA president and director of the Alabama Securities Commission, said in a statement that many…

Australia Will Develop a Nationwide Blockchain Platform

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Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the formation of a data consortium in partnership with IBM and law firm Herbert Smith Freehills for the purpose of building a groundbreaking large-scale, cross-industry smart contract platform for Australian businesses to collaborate and do business within. Australian National Blockchain The platform, which will be called the Australian National Blockchain (ANB) is being touted as potentially game-changing infrastructure within Australia’s digital economy, helping businesses around the country make use of legally-enforceable smart contracts and exchange data, as well as confirm…

Ethereum Cofounder Joseph Lubin Doubts Tether Bitcoin Price Manipulation

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Ethereum cofounder Joseph Lubin said on Yahoo Finance’s Final Round August 28, that he doubts manipulation accusations against stablecoin Tether (USDT). Founded in 2014, Tether was “the first” blockchain-powered platform that allows for the tokenization of fiat-backed cryptocurrencies. In June, after the publication of a study conducted by analysts from the University of Texas, USDT fell under suspicion of Bitcoin (BTC) price manipulation in 2017, when the BTC price surged to an all-time high of $20,000. The paper claims that “purchases with Tether are timed following market downturns and result…

Cardano, Tron, Litecoin, Stellar Lumens, EOS Price Analysis

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A day before Tron launches their Turing complete and EVM compatible virtual machine, TRX is down five cent. Encouragingly though, it is up 28 percent on a weekly basis. Concurrently, ADA is up 15 percent on a the same time frame as EOS literally outperforms in the top 10 after gaining five percent in day where most coins slowed shedding a ball park four percent. Let’s have a look at these charts: EOS Price Analysis From the News Straight from damning revelation of smart contract vulnerabilities allowing for RAM exploitation…