Day: November 7, 2019

Ridiculous Crypto Regulations Are an Enemy of Bitcoin

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One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered by political parasites and their followers have perverted the original crypto-anarchist ideologies espoused by the cypherpunks. Also Read: Bitcoin Cash Captured 90% of October’s Crypto Spending in Australia KYC/AML Are the Real Cryptocurrency Scams When people talk about scams in the cryptocurrency industry they usually look at a certain project…

Crypto Miner Steals $5M Worth of Computing Power Using Identity of Riot Games Founder

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The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining. A case of stolen identity In a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of Riot Games,  was the previously anonymous victim of Singaporian national Matthew Ho’s identity theft scheme. Riot Games is most famous as the developer behind the massively successful League of Legends. Ho allegedly used Merrill’s American Express credit card information…

Crypto Is A ‘Significant Problem That Will Get Bigger And Bigger’

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Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States. On Nov. 5, during the hearing before the U.S. Senate Committee On Homeland Security And Governmental Affairs, senators asked leaders from the FBI, Department of Homeland Security and the National Counterterrorism Center questions on topics including counterterrorism efforts, foreign influence in elections, cybersecurity measures, border security, and of course, cryptocurrencies. FBI might find itself walled off by new technology Former Presidential Candidate and…

Crypto Is A “Significant Problem That Will Get Bigger And Bigger”

boss

Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States. On Nov. 5, during the hearing before the U.S. Senate Committee On Homeland Security And Governmental Affairs, senators asked leaders from the FBI, Department of Homeland Security and the National Counterterrorism Center questions on topics including counterterrorism efforts, foreign influence in elections, cybersecurity measures, border security, and of course, cryptocurrencies. FBI might find itself walled off by new technology Former Presidential Candidate and…

Pro-Crypto Silvergate Bank Goes Public in Listing on NYSE

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Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7. Silvergate celebrates IPO day Silvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7. In conjunction with the event, Silvergate is celebrating its initial public offering (IPO) day today, according to the NYSE. The news follows Silvergate Capital Corporation’s announcement of the pricing of its IPO of 3,333,333 shares of its Class A common…

FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

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In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one.” Also Read: Crypto Secularizes Wealth by Returning Power to the People What Mitt Doesn’t Know Might Affect Crypto As more nations begin to experiment with or talk about development of their own central bank digital currencies (CBDCs), and regulation of…

FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

boss

In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one.” Also Read: Crypto Secularizes Wealth by Returning Power to the People What Mitt Doesn’t Know Might Affect Crypto As more nations begin to experiment with or talk about development of their own central bank digital currencies (CBDCs), and regulation of…

Searches for BTC Jobs Drop 53%, Employer Demand Up 26% in 2019

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Searches for crypto-related jobs have dropped 53%, while the share of job postings in the industry has surged 26% in 2019, new research says. On Nov. 7, Texas-based recruitment platform Indeed.com has published a new research devoted to the analysis and prospects of the job market in blockchain and crypto industry. To deliver the report, Indeed analyzed the percentage change in the share of job postings and share of job searches per million for roles related to Bitcoin (BTC), cryptocurrencies and blockchain from 2015 to 2019. Discrepancy between growth rates…

At Current Rates, Cash App To Buy 16% of New BTC Supply After Halving

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Square’s mobile payments application Cash App will be buying 16% of Bitcoin’s (BTC) new supply if the company keeps buying at the same rate after the halfing if the price does not go up. Twitter account dedicated to Bitcoin Rhythm pointed out in a tweet from Nov. 7 that the company’s Bitcoin buying rate will account for 16% of the total new Bitcoin per quarter after the block reward halving. The event will see the amount of Bitcoin created with each new block cut in half. Future price changes not…

Preview of Today’s SEC Meeting on Harmonizing Securities Exemptions

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Today, the United States Securities and Exchange Commission (SEC) is hosting two meetings of the investor advisory committee. The second of these is scheduled to start at 1:00 PM EST and will deal with the SEC’s earlier request for comment on harmonization of securities exemptions. The trouble with exemptions The current schema of exemptions is overgrown, with the adoption of the Jumpstart Our Business Startups (JOBS) Act of 2012 adding complications that are still being threshed out. The act legalized crowdfunding from non-accredited investors and expanded the exemptions listed under…