Bitcoin Magazine Week in Review: Stablecoins Take the Spotlight

With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U.S. officials clamp down on unscrupulous coin offerings and crypto companies. Instead, stablecoins crowded headlines this week, as tether — among others — had difficulties retaining its peg, ...

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Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests: Figure 1: ETHUSD, 4 Hour Candles, Trading Range So far, for the last few weeks, ether has seen ...

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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017

North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges. Also known as HIDDEN COBRA, which works at the behest of the North Korean government, the Lazarus Group has been responsible for some of the world’s largest cyber attacks including the Sony hack ...

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SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U.S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them. Announced Thursday, October 18, ...

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Decentralization Gains Traction: Go-Ethereum Fifth Most Active on Github

Bear markets refine industries. Overall sentiment becomes negative from all angles, and naysayers proclaim that crypto is “dead.” Underneath all the fear, uncertainty and doubt, though, developers are still building. Case in point, Go-Ethereum (or geth), a command-line interface for running an Ethereum node using the Go programming language, is now the fifth fastest growing open-source project in GitHub https://octoverse.github.com/projects#repositories ...

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New BitConnect Class Action Combines All Former Suits — And Targets Youtube

According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U.S. District Court for the Southern District of Florida against BitConnect. The new suit combines all the lawsuits previously filed against the now-defunct pyramid scheme. The new class action names the law firm Silver Miller as the “Class Counsel” and BitConnect owners and promoters ...

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Braiins OS: An Open Source Alternative to Bitcoin Mining Firmware

Braiins OS wants to redefine open-source mining software. The project recently rolled out the initial release of its ASIC miner firmware. The operating system is advertised as “the very first fully open-source, Linux-based system for cryptocurrency embedded devices,” an alternative to the factory-default firmware that comes with most popular mining hardware. Upon visiting the project’s website, visitors are greeted with ...

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Report: Despite Price Volatility Blockchain and Crypto Jobs Are In Demand

Glassdoor Economic Research is delivering much needed good news to the crypto community saying that despite extreme price volatility and regulatory uncertainty, the number of crypto jobs in the blockchain and cryptocurrency sector has risen by 300 percent since the same time last year. Saying that “the professionalism of the space has accelerated,” the report notes that “continued growth in ...

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U.S. Marshals to Auction Off $4.3 Million in Bitcoin

The U.S. Marshals agency has announced plans to auction $4.3 million worth of bitcoin (BTC) in November 2018. The sealed bid auction is for nearly 660 bitcoins which were seized in a series of federal criminal, administrative and civil cases over the years. The haul comes from cases against convicts like Thomas Mario Costanzo and Theresa Tetley, both sentenced to ...

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CME Group: Bitcoin Futures Trading Is Up 41 Percent in Quarter Three

Bitcoin futures trading is up. American financial market company CME Group Inc. announced on Twitter early on the morning of Wednesday, October 17, 2018, that its futures products are experiencing rising volume, explaining, “In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2.” This is a massive improvement over just two months ago ...

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