Month: November 2018

What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply?

boss

Boxing champion Floyd Mayweather Jr. and music producer DJ Khalid have both settled charges with the U.S. Securities and Exchange Commission (SEC) for failing to disclose that they were paid to promote initial coin offering (ICO) projects to the public. The charges against the two celebrities came about after they both used various social media outlets to promote ICO projects that were in the midst of fundraising rounds. Mayweather sent out a tweet to his nearly eight million followers regarding an ICO fundraising round being conducted by Centra Tech ICO, who reportedly paid…

Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Bitcoin is not far from a critical loss of investor confidence that will lead to the market hemorrhaging vast amounts of value as nervous investors dump their holdings. This is the opinion of Chris Beauchamp, an analyst at the online trading platform IG. Speaking to the Financial Times, Beauchamp stated that the crypto market leader is heading for a “capitulation moment” when a critical mass of investors…

New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

boss

A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second. ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and…

VanEck, SolidX Make Case for Bitcoin ETF at Latest Meeting With US SEC

boss

The U.S. Securities and Exchange Commission (SEC) has published a memorandum Nov. 28 of the latest meeting regarding a Bitcoin (BTC) exchange-traded-fund (ETF) proposal. The application was originally brought to the commission by U.S. investment firm VanEck and blockchain software and financial services company SolidX. According to the memorandum, representatives from VanEck and SolidX, as well as from the Chicago Board Options Exchange (CBOE) met with members of the SEC’s Division of Corporation Finance, Division of Trading and Markets, Division of Economic and Risk Analysis and Office of General Counsel…

Investors Should Consider Lack of ‘Safeguards’ Before Investing in Crypto

boss

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton reiterated his wary view of the crypto markets during an interview. His discussion with New York Times columnist Andrew Ross Sorkin took place at the The Times Center in New York City Nov. 29. Mid-way through the interview, Clayton told Sorkin that the securities regulator had worked hard to educate investors about the risks of participating in an emerging and unpredictable market, one for which regulation is still taking shape. Clayton continued: “We tried to get the word out that although…

Satoshi Nakamoto’s P2P Profile Makes New Post, Befriends User

boss

An account once associated with Bitcoin (BTC) creator Satoshi Nakamoto on the non-profit global network P2P Foundation posted a one-word status update yesterday, Nov. 29. While the account is tied to Nakamoto’s old email address satoshin@gmx.com — the same address that reportedly uploaded one of the early Bitcoin papers to P2P back in 2009 — the same email was allegedly hacked in November 2014, four years after Nakamoto’s withdrawal from traceable online activity in late 2010. The meaning of yesterday’s update, which reads simply “nour,” in quotation marks, is not…

Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court

boss

Economy & Regulation A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations to a halt. Also read: Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3 Founding Partners Sue Each Other Founding partners Michael Luckow and Matthias Woestmann have repeatedly gone to court to sue each other over allegations…

Is the Coinbase “Pump” Working? Zcash Drops 17% From Daily Peak

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to…

Is the Coinbase “Pump” Working? Zcash Drops 17% From Daily Peak

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to…