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Month: October 2018

Korean Crypto Exchange Sued for Controversial Token Schemes

Korean Crypto Exchange Sued for Controversial Token SchemesA lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals The Lawsuit South […]

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Suspected Mastermind Behind Kassh Coin Arrested

Suspected Mastermind Behind Kassh Coin ArrestedThe New Delhi Police Branch has arrested Asif Ashraf Malkani – a thirty-five-year-old man accused of operating Kassh Coin – a multi-million dollar scam that duped Bollywood celebrities, among scores of Indian investors. Also Read: ‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland Operator of Crypto Scam That Duped Bollywood Celebrities Apprehended Asif Ashraf Malkani, […]

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Japanese Internet Giant GMO to Launch Yen-Pegged Cryptocurrency

Japanese Internet Giant GMO to Launch Yen-Pegged CryptocurrencyJapan’s GMO Internet Group has announced plans to issue a yen-pegged stablecoin called GMO Japanese Yen. Already in the crypto exchange and mining hardware businesses, the company plans to launch its third crypto enterprise with this stablecoin. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Yen-Pegged Stablecoin GMO Internet Group announced Tuesday […]

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‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland

Crypto Fund Gets Go-Ahead to Manage Cryptocurrency Investment Funds in SwitzerlandEmerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investment advice to corporate […]

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First Major Bitcoin Cash ICO Raises $30M in Record Time

First Major Bitcoin Cash ICO Raises $30M in Record TimeOn Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours. Also Read: Electron Cash Developer Reveals In-Wallet BCH […]

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Cashtippr Plugin Allows Money Button Integration on WordPress Sites

Cashtippr Plugin Allows Money Button Integration With Wordpress SitesOn Sept. 13, a new application called the Money Button launched, giving content creators the ability to embed bitcoin cash (BCH) payment buttons into websites. Not long after the release, a developer named Ekliptor published Cashtippr, a plugin that integrates the Money Button into WordPress-themed websites, so content creators can earn BCH tips. Also Read: Electron […]

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Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most Staff

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffRecent updates show that with the cryptocurrency markets performing far from how they did a year ago, some exchanges have failed to adapt to the current situation. For example, one U.K. firm is reportedly set to fire most of its employees. Yet other exchanges are still going strong, breaking into new territories and adding new […]

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Bitcoin Core Developer Advocates Credit Card Payments Over BTC

Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a […]

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The Daily: Crypto Funds Team up With New Startup Hub, FX Broker Adds BCH/BTC

The Daily: Crypto Funds Team up With New Startup Hub, FX Broker Adds BCH/BTCIn today’s edition of The Daily, we look at a group of major cryptocurrency venture funds teaming up with a new startup hub, some good news for Israeli investors, a new platform launched in open beta and an FX broker that is adding bitcoin cash (BCH)/bitcoin core (BTC) to its platform, as well as 15 […]

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Mischief-Maker Promises to Livestream a 51% Altcoin Attack

Mischief-Maker Promises to Livestream a 51% Altcoin Attack“On Oct 13, 3:00 CDT I will be doing a 51% attack against the cryptocurrency Einsteinium,” began the call-to-arms. As promises go, this one was as bold as it was brazen. The anonymous attacker has promised to assume majority hashrate control of an altcoin to demonstrate how easy the process is. As proof, they’ve not […]

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