Day: November 3, 2018

SEC Says It Shut Down More Than a Dozen Illegal ICOs in the Past Year

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The U.S. Securities and Exchange Commission (SEC) brought more than a dozen successful enforcement actions specifically related to token sales in the fiscal year that ended Sept. 30. At least three of these sales reportedly raised more than a combined $68 million from investors before being shut down, the agency said in its annual report Friday. To be sure, that’s just a sliver of the more than $3.945 billion in disgorgement and penalties the SEC collected during fiscal 2018. But the increase in enforcement actions surrounding initial coin offerings (ICOs) and…

LEXIT (LXT) Gets Listed on BitMart Exchange

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LEXIT, the world’s first online mergers and acquisitions marketplace to allow businesses and individuals to trade assets, intellectual property and whole or parts of companies, has announced that its LXT Token has gone live on the BitMart exchange. A decentralized registry of company, asset, and I.P. rights ownership through the blockchain ecosystem carries some serious advantages. Automatic and immutable smart contracts serve the essential function of making sure that all parties keep to their end of the deal, whilst the transfer of rights can be transparently and publicly recorded. “We’re…

Coinbase raises Series E round of financing to accelerate the adoption of cryptocurrencies

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At Coinbase, we believe that cryptocurrencies and the technologies that power them represent a breakthrough in computer science that will change both the internet and the global financial system for the better. We see tremendous promise in crypto to build the next great phase of the internet (often referred to as Web 3), which has the power to put control back in the hands of consumers, unleash a new era of innovation, and offer greater access to economic opportunities to more people around the world. Today, we’re pleased to announce…

Technologies in their adolescence – The Coinbase Blog

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You’ve likely heard numerous comparisons between crypto and the internet — e.g. The crypto industry is similar to the internet in [insert year]. I’ve heard it a lot, but I never knew if it was accurate or just something people said to sound smart. I was in elementary school when I got my first AOL CD, in middle school when I got an AIM account, and in high school when I discovered Napster … so, I was there, but I’m not exactly an internet historian. But, after reading more about the history of…

SEC’s End-of-Fiscal-Year Report Reveals Heavy Action Against …

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The U.S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases. The report details actions for 2018’s fiscal year, which ended on September 30, and offers insight into the ICO-related fraud that has seemingly come to light over the past several months. Misconduct actions against ICOs and similar cryptocurrency ventures are led by the organization’s Cyber Unit, which became fully operational this year. The SEC explains in the report, “We believe our…

Coinbase Is Officially Adding Support for Basic Attention Token (BAT)

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On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro. BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd. and recently added to its platforms. The new offering is not available on Coinbase’s primary platform, and the company said it would make a separate announcement when this occurs. The offering is being integrated on Coinbase Pro in the following order…

Google CEO’s Son Adopts Crypto, Mines Ethereum (ETH)

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Sundar Pichai’s 11-Year-Old Son Forays Into Ethereum (ETH) Mining When crypto enthusiasts discuss adoption, bigwig institutions, household names, and the titles of prominent executives are often thrown around. So, it should come as no surprise that the cryptocurrency community was rattled when Sundar Pichai, the CEO of Google, unexpectedly divulged that his son had forayed into the crypto sector, through Ethereum (ETH) to be precise. Speaking at the New York Times DealBook event, which was also attended by BlackRock’s Larry Fink, Pichai was asked about his opinion regarding technology attachment/addiction…

Bears Strike Again: BitMEX Analysts, CEO Call For Bitcoin Price To Hit $2,000

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The Bitcoin “Bear Market Blues” Just days ago, as reported by Ethereum World News, Arthur Hayes, the CEO of Hong Kong-headquartered BitMEX, told Yahoo Finance that the lack of volatility in Bitcoin (BTC) could continue into 2019 (and potentially 2020). The long-time crypto pundit went on to cite his trading experience as the catalyst behind this prediction, alluding to the theory that Bitcoin’s “nuclear bear market” in 2014 and 2015 may be replicated today. Following Yahoo Finance’s report, Hayes and the researchers under him revealed further bearish sentiment, issuing an analysis…

ADA/USD Leads the Revival as LTC/USD Reverse Oct 29 Losses

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After days of lower lows and horizontal consolidation, altcoins are ending the week on a high. ADA/USD is up three percent in the day and could breach key price levels over the weekend. At the same time, LTC/USD bulls did manage to reverse Oct 29 losses while EOS/USD prices could race to $7 if today close higher igniting buys. Let’s have a look at these charts: EOS/USD Price Analysis Check out this article highlighting our latest #blockchain research project focused on the an analysis of the architecture and performance of…

Another Token Project Launches on the Bitcoin Cash Network

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A new smart contract and tokenization system has been launched on the Bitcoin Cash (BCH) network. On Oct. 31, BCH developer Clemens Ley released the alpha version of Bitcoin Token, a Javascript library built to develop autonomous contracts, BCH-based tokens, and integrate payments into web applications. Also read: New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day Project Bitcoin Token Launches Alpha Version In August, news.Bitcoin.com reported on a project called Bitcoin Token developed by software programmer Clemens Ley. At the time, the developer explained that the project was…