Day: October 1, 2020

Meghan Markle’s Latest Hit Piece Is Utterly Exhausting

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Yet another old, tired, boring, and predictable Meghan Markle hit piece has come out. This time, the British press is highly offended that she didn’t follow ridiculous rules about fashion when she lived in England. She doesn’t live in England anymore, and isn’t on active duty as a royal — do you people seriously have nothing better to do? Another day, another tired, boring, and predictable Meghan Markle hit piece. This time, the British press is horrified — absolutely shocked, I tell you — that the Duchess of Sussex didn’t follow ridiculous rules about fashion when she…

Penn State set to host its own node for an enterprise blockchain

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Penn State, a U.S. university touting more than 40,000 students, has agreed to operate as a signing node for GoChain’s proof-of-reputation, or PoR, blockchain.  Constructed as a fork of the Ethereum blockchain’s code, GoChain is secured by selected entities who run their own nodes, Marie Gonzalez, GoChain’s senior vice president of marketing, told Cointelegraph. GoChain’s blockchain uses a consensus mechanism called PoR, which calls on a set number of approved signing nodes to help run the network. The blockchain aims to eventually function with 50 of these nodes. “We set the…

Bittrex Global gets cleared to run crypto exchange from Bermuda

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Crypto exchange Bittrex Global received the green light from Bermuda’s financial watchdog to run its operations under the supervision of local authorities. According to the official announcement, the company got a full “Class F Digital Assets Business Act” license from the Bermuda Monetary Authority, or BMA, which will allow them to offer crypto services such as futures, subject to further approval by the watchdog. Bermuda’s positive regulatory stance towards crypto comes within the context of the Digital Assets Business Act approved in 2018. This established the first legal framework for…

Chainlink Following In 2017 Ethereum Footsteps Could Fuel Rise To $75

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Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum The last two years of a bear market has decimated crypto market valuations, except for Chainlink. The cryptocurrency was born post-bubble pop, resulting in a clean slate over the last two years that have helped…

US Treasury warns crypto firms not to reimburse unknown ransomware victims

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Two offices of the U.S. Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network or FinCen reminded cryptocurrency processing companies of their duty to file suspicious activity reports when they have a reason to suspect that their services are being engaged for such payouts to sanctioned individuals: “Among these entities are digital forensics and incident response (DFIR) companies and cyber insurance companies (CICs). Some DFIR companies and CICs, as well as some MSBs that offer CVCs…

Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

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Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting that the CFTC was investigating the company over its potential servicing of U.S. clientele. The exchange does not have the license to operate in the U.S., and the CFTC has taken action against Bitcoin and…

Hogwarts Legacy Dev Corporate Fluffs JK Rowling’s Anti-Trans Remarks

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WB Games announced a Harry Potter game named Hogwarts Legacy last month. The publisher was quick to distance itself from author JK Rowling’s trans-phobic comments. The company’s president has now defended the author’s right to ‘hold her opinions’ in an internal Q&A with employees concerned about criticism of the game. The announcement of Hogwarts Legacy has fallen some way short of the joyous occasion publisher WB Games presumably anticipated. The mounting frequency and vitriol of Harry Potter author JK Rowling’s trans-phobic comments have framed much of the discussion around the…

CFTC charges BitMex with illegally operating derivatives exchange

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The U.S Commodity Futures Trading Commission, or CFTC, has charged the BitMEX derivatives exchange with operating an unregistered trading platform and violating anti-money laundering regulations. According to a statement released Thursday, the CFTC filed a civil enforcement action in the Southern District of New York against five entities and three individuals who allegedly own and operate the exchange. The individuals charged include Arthur Hayes, publicly known as the CEO of BitMEX, as well as Ben Delo and Samuel Reed. The CFTC alleges that these individuals are owners and operators of…

Blockchain Bites: Dorsey Challenges Coinbase, Nasdaq Lists Diginex, Ethereum Miners Profit

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The Australian government is investing big in modern technology, Nasdaq saw its first crypto exchange operator listing and revenues are surging for Ethereum miners amid increased network activity.  Top shelf Australia modernizesAustralia will commit A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan, Prime Minister Scott Morrison announced Tuesday. The federal plan will see US$256.6 million for a digital identity solution, $419.9 million to fully implement the Modernising Business Registers (MBR) program, $22.2 million for small businesses training to utilize digital technologies and two blockchain…

Here’s Why Bitcoin’s Latest Monthly Close Has Struck a Blow to Its Bear Case

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Bitcoin had a major macro candle close yesterday, posting both its monthly and quarterly candle. Although BTC saw little volatility heading into this close, the cryptocurrency was able to hold well-above $10,500 before and after it took place, which provided bulls with a serious boost. Overnight, the strength resulting from this close allowed Bitcoin to push up towards $11,000, reaching as high as $10,920 before its ascent slowed. Although BTC has yet to see any strong push higher, its short-term outlook still remains fairly strong. Where it trends next may…