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$50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ

3 hours 2 minutes ago

SALT Lending, a cryptocurrency loan provider who raised tens of millions of dollars during through an initial coin offering (ICO) with support from crypto pioneer Erik Voorhees, has become the latest blockchain firm to attract the attention of US securities regulators. Crypto Loan Provider SALT under SEC Investigation The Wall Street Journal reports that the

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Josiah Wilmoth

Hash Wars: Calvin Ayre & CoinGeek Refuse to Concede Defeat in Bitcoin Cash Fork Fight

4 hours 6 minutes ago

Shots were fired Thursday afternoon, as CCN received a press release from Calvin Ayre’s CoinGeek which contained some interesting words that are sure to heat up the discussion around the chainsplit and intentional hard fork in Bitcoin Cash. One of the quotes from Calvin Ayre elucidates his feeling that all is not well on the

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P. H. Madore

Crisis: After $30 Billion Invested, Most Crypto ICOs Have Nothing to Show

4 hours 49 minutes ago

Over the past two years, initial coin offering (ICO) projects in the crypto market have raised more than $30 billion. Yet, most ICO projects have little to show, especially pertaining to user growth, blockchain adoption, and overall user activity on decentralized systems. It Will Only Get Worse A handful of tokens have demonstrated success in

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Joseph Young

BuckyCoin Launches First Ever Cryptocurrency Backed by Decentralized Content Distribution Network & Own Content

6 hours 33 minutes ago

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Press Release

Debunked: Top European Central Bank Official’s False Arguments Against Bitcoin

7 hours 1 minute ago

Benoît Cœuré, a member of the Executive Board of the European Central Bank, condemned Bitcoin (BTC), describing it a bubble, ponzi scheme, and an environmental disaster. “Lightning may strike me for saying this in the Tower of Basel — but bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea.

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Joseph Young

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

8 hours 46 minutes ago

The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months. As CCN reported on November 16, Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC and

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Joseph Young

Get Your Knowledge on Track with Bob the Blocktrain

9 hours 36 minutes ago

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post Get Your Knowledge on Track with Bob the Blocktrain appeared first on CCN

Press Release

Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia’s Largest Bank

10 hours 21 minutes ago

Industrial-scale adoption of blockchain technology will surge in the next year or two. That’s the prediction of bitcoin advocate Herman Gref, the CEO of Sberbank — Russia’s largest bank and the third-largest bank in Europe. Gref said the hype surrounding blockchain has waned a bit, but its many uses will be applied in the near future.

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Samantha Chang

Australia: Bitcoin Trumps iTunes Vouchers as Preferred Payments for Tax Scammers

10 hours 46 minutes ago

As the tax season approaches, Australians have more reasons to be wary of persons claiming to be from the Australian Taxation Office (ATO). In the four months since July 1, Australians have lost nearly AU$1 million to scammers posing as the tax officials according to the ATO. During the same period where more than 28,000

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Mark Emem

A New Approach to Thwarting Selfish Bitcoin Miners

11 hours 37 minutes ago
n nn nn Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly on purpose or by accident, a loophole is opened for miners to unfairly increase their profits in relation to other miners.However, researchers Cyril Grunspan and Ricardo Prez-Marco claim that by broadcasting the presence of orphan blocks, selfish mining can become a thing of the past.Grunspan, a professor at Paris ESILV

After the Fork Heres How Exchanges Are Dealing With Bitcoin Cash

11 hours 38 minutes ago
n nn nn The smoke is still clearing from Bitcoin Cashs hard fork, but exchanges have already moved in to add support for the products of the skirmish.On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin Satoshis Vision SV, led by Craig S. Wright, attempted to wrestle control over the Bitcoin Cash blockchain from its original client, Bitcoin ABC.Bi

ICO Issuers Settle Registration Charges With SEC

11 hours 38 minutes ago
n nn nn The U.S. Securities and Exchange Commission SEC has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings ICOs in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. The startups indicted by the SEC are Boston-based Airfox, which sold $15 million worth of tokens, and Paragon Coin, which raised $

Progress Report Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

11 hours 38 minutes ago
n nn nn The Lightning Network continues to post steady growth.According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node at time of publication. Most of this growth has come in the later half of 2018, as the average age of each node is just 137 days old.With infrastructural growth, the network is also seeing an uptick in liquidity. At the time of writing, the