Day: October 20, 2018

Bitcoin News Summary – October 8, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.  China’s longest-running technology magazine, Beijing Sci-Tech Report, will accept Bitcoin payments for annual subscriptions. Starting in 2019, readers will can pay 0.01 BTC to receive the publication. Some crypto industry research by Diar pointed to a bullish future. According to their report, venture capital inflow into crypto companies has already increased by 280% over last year. Nearly $4 billion has been raised in the year to date, with over a quarter billion going to “stablecoin” projects. Major US exchange,…

Bitcoin News Summary – October 15, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.  Major exchange and Tether operator, Bitfinex, has imposed a temporary ban on all fiat deposits. Clients are no longer able to deposit Euros, Dollars, Yen or Pounds to the exchange. Withdrawals are reportedly working normally. Bitfinex has said that they expect the issue to be resolved in the coming week. Venezuelans will have to use the country’s new Petro cryptocurrency in order to purchase new passports. While the move is clearly aimed at anchoring the Petro in real-world usage,…

Braiins OS: An Open Source Alternative to Bitcoin Mining Firmware

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Braiins wants to redefine open-source mining software. The company behind Slush Pool recently rolled out the initial release of its ASIC miner firmware: Braiins OS. The operating system is advertised as “the very first fully open-source, Linux-based system for cryptocurrency embedded devices,” an alternative to the factory-default firmware that comes with most popular mining hardware. Upon visiting the project’s website, visitors are greeted with a clear message, a mantra that resonates with its related industry’s ethos: “Take back control.” Rethinking Open Source in an Open Source Space Further down on its…

Report: Despite Price Volatility Blockchain and Crypto Jobs Are In Demand

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Glassdoor Economic Research is delivering much needed good news to the crypto community saying that despite extreme price volatility and regulatory uncertainty, the number of crypto jobs in the blockchain and cryptocurrency sector has risen by 300 percent since the same time last year. Saying that “the professionalism of the space has accelerated,” the report notes that “continued growth in job openings suggests that blockchain employers remain confident in the market opportunity and continue to make long-term investments in their teams.” Using their substantial job search site to search out…

U.S. Marshals to Auction Off $4.3 Million in Bitcoin

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The U.S. Marshals agency has announced plans to auction $4.3 million worth of bitcoin (BTC) in November 2018. The sealed bid auction is for nearly 660 bitcoins which were seized in a series of federal criminal, administrative and civil cases over the years. The haul comes from cases against convicts like Thomas Mario Costanzo and Theresa Tetley, both sentenced to jail in 2018 on money-laundering charges. At the time, the agency seized 80 BTC from Costanzo and 40 BTC from Tetley. The U.S. Marshals, however, didn’t reveal how much of…

Decentralization Gains Traction: Go-Ethereum Fifth Most Active on Github

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Bear markets refine industries. Overall sentiment becomes negative from all angles, and naysayers proclaim that crypto is “dead.” Underneath all the fear, uncertainty and doubt, though, developers are still building. Case in point, Go-Ethereum (or geth), a command-line interface for running an Ethereum node using the Go programming language, is now the fifth fastest growing open-source project in GitHub. The other projects above go-ethereum on the list are azure-docs from Microsoft Azure, pytorch from Facebook, godot from the GoDot Gaming Engine and nuxt.js, a Javascript framework. For the uninitiated, geth…

New BitConnect Class Action Combines All Former Suits — And Targets Youtube

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According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U.S. District Court for the Southern District of Florida against BitConnect. The new suit combines all the lawsuits previously filed against the now-defunct pyramid scheme. The new class action names the law firm Silver Miller as the “Class Counsel” and BitConnect owners and promoters as defendants in the suit. Silver Miller has become famous for its efforts in handling cryptocurrency-related cases, representing aggrieved clients who have lost funds to crypto businesses and going head-to-head…

SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

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The U.S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them. Announced Thursday, October 18, 2018, FinHub will serve as the central point for entrepreneurs in the fintech world, especially groups focusing on new technologies such as blockchains, artificial intelligence, digital marketplace financing and more.…

North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017

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North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges. Also known as HIDDEN COBRA, which works at the behest of the North Korean government, the Lazarus Group has been responsible for some of the world’s largest cyber attacks including the Sony hack in 2014, the Wannacry ransomware outbreak, military espionage and a number of attacks on South Korean businesses. In a report acquired by news outlet HardFork, cybersecurity outfit Group-IB outlines trends…

Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

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It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests: Figure 1: ETHUSD, 4 Hour Candles, Trading Range So far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines). The three arrows shown above display the presence of heavy selling pressure (supply) and, so far, the market…