In the Race for a Bitcoin ETF, Wall Street Has Plenty of Hurdles to Clear

In the latter half of 2018, few developments have occupied crypto investors’ headspaces like the industry’s indefatigable pursuit of a bitcoin exchange traded fund (ETF). This conversation lay largely dormant since the two brothers’ first attempt was rejected by the U.S. securities regulator in March of 2017. But the Winklevosses reignited the conversation when their second attempt at an ETF was shot down by the U.S. Securities and Exchange Commission (SEC) in July of this year.  With the buzz back, the prospect (or failing prospects) of a bitcoin ETF have…

JRR Crypto Launches Token Design Competition

In a collaboration with LongHash and BTC Inc, JRR Crypto has launched an international token design competition. Beginning on October 26, 2018, JRR Crypto launched this design competition at a multiday festival in Berlin. According to the group, it’s designed to address one of the fundamental issues that the development of decentralized projects faces today. “JRR observed that most blockchain projects that design a pass-through mechanism are too focused on fundraising rather than actual economic model building and the landing of business models,” according to a translated description of the…

Bitmain’s New 7nm Chip Miners Are Available for Purchase Today

Chinese mining giant Bitmain’s 7nm Bitcoin miners go on sale today, November 8, 2018. Announced in September of 2018, the miners allegedly offer considerably faster hash rates (though Bitmain didn’t disclose any specifications) and come in two separate Antminer models: the S15 and T15. The company first provided the news on Twitter, writing, “We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15. Available for purchase on…

US Elections Push Augur’s Total Ether Bets Over $2 Million

U.S. elections drama may be dragging Augur out of the doldrums. The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday’s mid-term elections in the U.S. approach, however, money is pouring into the platform. The market for “Which party will control the House after 2018 U.S. Midterm Election?” has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions.Global, a…

Winklevoss Lawsuit | Lawyer States Shrem 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…

China’s Central Bank Issues Warning Against Blockchain Investment ‘Bubble’

China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment, Reuters reported Nov. 6. The PBoC, which is known for its anti-cryptocurrency stance, has reportedly advised that the government strengthen its supervision of “speculation, market manipulation and other irregularities,” which it claims are common in domestic blockchain investment and financing schemes. Local Chinese news outlets have revealed further details from the bank’s latest warning, which was reportedly issued in the form of PBoC working paper Nov. 6, entitled “What Can Blockchain Do…

California Cybercrime Police Focus on Cryptocurrency SIM Swapping as ‘Highest Priority’

U.S. law enforcement consider so-called “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud, security news and investigation blog KrebsonSecurity reported Nov. 7. Speaking to the publication, Samy Tarazi, a police sergeant in Santa Barbara and a supervisor of the REACT Task Force — a group dedicated to fighting cybercrime — said the number of instances of the crime had increased dramatically. “For the amounts being stolen and the number of people being successful at taking it, the numbers are probably historic,” he said. SIM…

China’s Central Bank Wants to Put the Damper on Airdrops: Report

The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. Based on the report, the bank states that the companies running token giveaways are evading China’s…

BTCC Announces the “Indefinite” Closure of Its Mining Pool

BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. Citing “business adjustments,” the notice was generally vague about the exact reason for this particular closure. Having started operations in 2014, the mining pool is one of the oldest in the space, while BTCC itself is China’s oldest crypto exchange. BTCC’s mining pool was one of…

Blockchain.com Wallet Adds Stellar, Announces $125 Mln XLM Airdrop to ‘Drive Adoption’

Cryptocurrency wallet provider Blockchain.com has launched full support for altcoin Stellar (XLM), accompanied by a hefty airdrop of $125 million worth of XLM to its user base. The news was announced in an official blog post today, Nov. 6. Blockchain.com pitched the mammoth offering as “the largest airdrop in the history of crypto and likely the largest consumer giveaway ever,” suggesting that airdrops are “a great way to drive decentralization and adoption for new networks.” The firm underscores that the benefit of crypto airdrops for consumers are that they are…