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Tether role in Bitcoin price manipulation investigated by US officials

The US Department of Justice started a criminal investigation in May 2018, looking into a potential involvement of traders in manipulating Bitcoin's price when it reached the all-time highs in December 2017.Attorneys now have a new suspicion that Tether and crypto exchange Bitfinex which have the same management team...

Bitcoin mining firm Giga Watt owes millions, declares bankruptcy

According to a CoinDesk report, U.S.-based Bitcoin mining firm Giga Watt owes millions to creditors and has declared bankruptcy.The company declared it still owes its larges 20 unsecured creditors almost $7 million in court when they filed for a Chapter 11 bankruptcy on Monday in the Eastern District of Washington.According...

Bitcoin slump gives UK regulators time to finalize crypto regulation

As the price of Bitcoin and other crypto assets has taken a deep dive these past days the U.K. financial regulators have more time to implement new rules for the sector.According to a Reuters report, the U.K. Financial Conduct Authority (FCA) has been pushed to hasten new regulation for...

Morgan Creek says crypto hedge funds will start shutting down

This year's bear market seems to have additional consequences according to Anthony Pompliano, well-known crypto figure and founder of Morgan Creek Digital, a large capital investment company.Bitcoin's price has dived below $5,000 (roughly $4,500 at the time of this writing according to coinmarketcap) reaching the lowest price this year....

Bitcoin.com mining pool directs all hash to Bitcoin Cash ABC

An official announcement posted on Bitcoin.com's mining interface dashboard notifies users that from now on they will be mining Bitcoin Cash ABC in support of the current hard fork. It seems like the only other option is moving to another mining pool for those who disagree.Bitcoin.com allows users to...

World’s first crypto ETP launched in Switzerland

The SIX Swiss Exchange, Switzerland's main stock exchange will list the world's first multi-crypto based exchange-traded product (ETP) this week, according to a report from the Financial Times.The Amun Crypto Exchange Traded Product (ETCP) is the world's first of its kind and half of its assets will be invested...

Bank of America wins crypto storage patent for enterprise accounts

The Bank of America has won a patent that allows enterprises to store their customers' cryptocurrencies. The U.S. Patent and Trademark Office has published the patent yesterday, November 13.The patent describes the background of the system highlighting that cryptocurrency transactions are becoming more common as technology evolves.An increasing number...

McAffee Labs discovers Russian malware ‘WebCobra’ mining Monero and Zcash

McAffee Labs researchers came across a dangerous new cryptojacking malware dubbed "WebCobra" which uses computing power from the victims to covertly mine Monero and Zcash cryptocurrencies. This new type of malware is on the rise thanks to growing cryptocurrency prices.According to McAffee's report, Russian malware WebCobra secretly installs Claymore's...

IBM Thailand advertises blockchain and AI, plans to create local sales hub

According to a report from The Bangkok Post, IBM's Thai branch will promote blockchain and artificial intelligence with the goal of making Thailand a regional sales hub.The tech giant will collaborate with Bank of Thailand to promote the blockchain. According to a recent survey conducted by IDC-IBM, it seems...

Singapore government develops blockchain based security token system

The Monetary Authority of Singapore (MAS) in collaboration with the Singapore Exchange (SGX) has been developing an automated Delivery versus Payment (DvP) platform. The platform aims to allow the settlement of tokenized securities across various blockchain platforms.The announcement was made over the weekend during which the MAS and SGX...

Ethereum Constantinople hard fork release date set for January 2019

Last month, an initial test of Ethereum's Constantinople hard fork uncovered some consensus issues during its testnet deployment. For this reason, the hard fork which was earlier scheduled for this month will apparently launch on the 16th of January 2018.The new release date was announced on Friday, November 9th during...

EtherDelta founder charged by SEC for running unregistered securities exchange

The U.S. Securities and Exchange Commission (SEC) has charged Zachary Coburn, founder of Ethereum-based decentralized crypto exchange (DEX) EtherDelta for running an unregistered cryptocurrency exchange. The regulator points out this is the agency's first enforcement action on a platform running "as an unregistered national securities exchange".The SEC details the...

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