EtherDelta Founder Charged by SEC as an Unregistered Exchange

Zachary Coburn, the founder of EtherDelta, has just been charged by the US Securities and Exchange Commission (SEC) with operating an unregistered securities exchange. The SEC released the news via a press release yesterday. EtherDelta Charged According to the report by the SEC, over the course of 18 months, EtherDelta users placed over 3.6 million orders for digital currencies. Among those ordered were coins considered securities by US federal laws. Under the current law, EtherDelta was supposed to register in the US or apply for an exemption. However, the cryptocurrency exchange…

Two Teachers Mine for Ethereum Using School’s Power

Teachers Mine for Ethereum: Mining for cryptocurrency comes with its controversy. Energy consumption is already the most eyebrow-raising aspect. So what about using the local school’s computers to mine for Ethereum… during school time? Oh, and you’re the principal of the school. This is exactly what happened in Hunan Province, China. Teachers Mine for Ethereum: What Happened? According to Hong Kong news outlet HK01, two Puman Middle School principals were caught using the school’s power to mine Ethereum. The school’s general manager noticed the computers’ fans were louder than normal and…

Square’s Bitcoin (BTC) Profits Jump $500,000 in Q3

US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday. In the third quarter of 2018, we continued to drive strong growth at scale. $SQ https://t.co/HPhSMfVgac — Square IR (@SquareIR) November 7, 2018 Bitcoin (BTC) Revenue Q3 2018 Square released a full digest of its total earning and financial activities. The release was far more colorful and interactive than most public companies’ earnings reports. It included…

A Guide to Understanding Cryptocurrency White Papers

Anyone looking to invest in bitcoin or any other form of cryptocurrency has surely spent some time researching and reading about it. Entering the crypto world without any knowledge would be a crazy and reckless thing to do, especially if you are planning to invest money into it. While blogs, forums, and the many available cryptocurrency websites put no limit to the amount of information available for anyone looking for help, there is no denying that the best way to understand a cryptocurrency would be to read its white paper.…

Public vs Private Blockchains; Ernst & Young’s New Blockchain Prototype

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain. It does this by using zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. The result, it claims, is a network that will suit the needs of institutions, especially in the financial sector. But why the need to combine the pro’s of both networks,…

Winklevoss Lawsuit Continues; Lawyer States Defendant Committed ‘No Misconduct’

Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties. Winklevoss Lawsuit According to the report by the NT Times, Shrem made several lavish purchases in 2018, that caught the attention of the Olympian twins. The pair filed a civil lawsuit against Shrem accusing him of stealing thousands of Bitcoin from them in 2012. “Either Shrem has been incredibly lucky and successful since leaving prison, or—more likely—he…

Exchange.Blue Launches the Long Awaited Link Between Perfect Money and Bitcoin

As Bitcoin and other cryptocurrencies gain more popularity and usage across the world, the new Exchange.Blue online platform is now making it possible to exchange and trade Bitcoin for Perfect Money in a fast, secure, and easy process. [New York], [New York], November 6, 2018 – Exchange.Blue, an online exchange platform run by a team of young successful entrepreneurs, is proud to announce the unique service that now makes it possible to sell Bitcoin for Perfect Money and exchange Perfect Money for Bitcoin in an easy instantaneous process. This is…

Startups Urgently Need to Adapt to a Changing Market as Token Sales Drop 90 Percent

With a bear market and a change in sentiment around ICOs, the risk of using such a fundraising mechanism now constitutes a cheaper, more reliable way of hosting a crowdsale. A staggering collapse this year in ICO funding – from $2.5 billion in February to $181 million by September – means that it has become vital for startups to actively reduce their risk and costs. This means trimming the fat where possible. An equitable way of achieving this is through one of the emerging ICO platforms wherein a token sale…

CBOE Bitcoin (BTC) Futures Reach Record-Low Volatility

Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday. CBOE Bitcoin (BTC) Futures Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline. [embedded content] In the video above, Davitt outlines that the average weekly volatility for XBT-CBOE Bitcoin (BTC) futures on the week ending October 26th was just three percent. This is the lowest level of volatility since the futures contracts launched on December 10th, 2017. As of the…

Crypto Airdrops are Now Illegal in China

China does not like cryptocurrency. The country has repeatedly imposed strict sanctions against its use and relative businesses. Now the central bank of China is adding to its list by banning crypto airdrops. China Bans Crypto Airdrops After ICO Abhorrence The People’s Bank of China, or PBoC, has classed token airdrops as “disguised” Initial Coin Offerings (ICOs). It detailed its new scrutiny in a financial stability report, published on Friday, November 2nd. The bank’s regard for crypto airdrops echoes its abhorrence of ICOs, describing them as “illegal” fundraisers that lead…