Day: September 18, 2018

Cryptocurrency exchanges at risk of manipulation

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Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk. “As our report details, many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security…

New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation

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A new report published by the New York Attorney General’s office on September 18 says that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The report represents the results of the “Virtual Markets Integrity Initiative” launched in April, when New York Attorney General Eric T. Schneiderman sent letters to thirteen crypto exchanges, requesting information on their operations, internal controls and other key issues. The move was taken in order to provide average investors with a better understanding of the risks and protections associated with cryptocurrency…

SEC Shouldn’t Hold Back in Approving Crypto Products

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The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products on top of the markets. She explained: “The Commission should not default to a demand that the crypto markets be subject to comprehensive government regulation as a precondition to allowing products linked to those markets…

German Frankfurt School to Issue Blockchain-Based Course Certificates

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The Frankfurt School of Finance & Management (FS) in Germany will now offer students the ability to prove their qualifications using blockchain technology, Cointelegraph auf Deutsch reported September 17. As part of a pilot program, graduates of one of FS’ courses on blockchain technology will be able to prove their successful completion of the course with a certification stored on a blockchain itself. For the pilot project, FS is working with Consensys, one of the leading software companies in the blockchain field. Consensys has developed a decentralized app (DApp) for…

Bitcoin in Palestine – CoinDesk

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Original

US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

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For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100 trillion, and ostensibly it seems like a positive development for US markets. But, in comparison to the stagnation in actual US household income, it is quite evident that the rapid growth rate of US household…

UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry

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The U.K. government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry, Finance Feeds reports September 18. Lord Taylor of Warwick is reported to have asked “Her Majesty’s Government what assessment they have made of reports that the value of cryptocurrencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry.” Lord Bates, the Minister of State at the Department for International Development, is said…

The marriage between crypto and community journalism

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A conversation with Manoush Zomorodi, host of the podcast ZigZag, a crypto and blockchain explainer As a podcaster, journalist, and generally curious person, Manoush Zomorodi has made a career out of examining the intersection of technology and human behavior. The former host and creator of WNYC’s Note to Self, a “tech show about being human,” Zomorodi decided to leave her job in June 2018, join forces with her producer Jen Poyant and launch ZigZag, a podcast documenting their journey of understanding crypto — and their decision to join Civil Media Company. Over…

Construction of Morocco’s 36 Megawatt Bitcoin Mining Farm to Start in January 2019

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A Bitcoin mining company formed from a U.S. private equity firm plans to begin building a 36 megawatt farm in Morocco from January next year, Ars Technica reports Tuesday, September 18. Soluna, the product of New York-based Brookstone Partners, intends to leverage local laws by eventually selling at least 20 percent of its electricity output back to the Moroccan government. The scheme, known as a power purchasing agreement (PPA), will enable the company to establish a foothold in the region with the possibility of expanding sales beyond the border in…

Crypto in Japan | Yen-backed Stablecoin in the Works

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Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall. The South China Morning Post reported this morning that Grandshores Technology Group is planning on raising $100 million HK in an initial coin offering to finance a yen-backed digital token. Crypto in Japan “Blockchain will become the mainstream technology in the next three to five…