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Monthly Archives: June 2018

Austrian Financial Authority Calls for Tighter Regulation of ICOs and Cryptocurrencies

Board directors of the Austrian Financial Market Authority (FMA), Klaus Kumpfmüller and Helmut Ettl, have have offered proposals for stricter regulations on cryptocurrencies and initial coin offerings (ICOs), Cointelegraph auf Deutsch reports today, June 29. According to an article published in the Austrian newspaper Die Presse on the June 29, Kumpfmüller proposed a “threshold-dependent” prospectus requirement for ICOs similar to ...

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Banks and Regulators Complete KYC App Test on R3 Blockchain Platform

39 financial firms partnered with blockchain consortium R3 completed more than 300 transactions via R3’s know your customer (KYC) application, according to a post on R3’s blog June 28. R3’s KYC project involved major financial and banking institutions worldwide such as Deutsche Bank, ING, the National Bank of Egypt, Raiffeisen Bank International, and others. It also involved regulators and central ...

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Cybercriminals Are Moving from Ransomware to Cryptojacking: Kaspersky Lab

According to a report published by Kaspersky Lab, a global cybersecurity company, there has been a significant shift from ransomware-related attacks to crypto-mining malware. The report claims that this type of attack — known as cryptojacking — has become a more profitable prospect for hackers and is the reason for the decline in ransomware attacks. In 2017, Ransomware like WannaCry ...

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Litecoin (LTC) Technical Analysis

While fundamentals are supportive of Litecoin, the mere fact that Bitcoin is on a slide, adding on to their losses means there is more room for LTC downsides. The effect is can’t be clearer, so far it’s down six percent in the last 24 hours and likely to break below $70, our first bear target. For buyers to take charge, ...

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Bitcoin Price Crosses $6,300 as Trading Volume Spikes

The bitcoin price briefly crossed $6,300 on Friday after a surge in trading volume led to a significant price swing. Bitcoin had languished below $6,000 for most of the day after dipping below that mark on Thursday. That changed at approximately 22:30 UTC, when a sudden spike in trading volume hurled the bitcoin price above the $6,000, $6,100, and $6,200 ...

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PwC Report Finds That 2018 ICO Volume is Already Double That of Previous Year

According to a joint report from consulting firm PwC and the Swiss Crypto Valley Association, Initial Coin Offerings (ICOs) are booming despite the price collapse of cryptocurrencies, Cointelegraph auf Deutsch reports today, June 29. PwC found that ICO volume reached new record highs in the first half of 2018. Per the report, between January and May 2018 alone, ICO volume ...

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SEC Mulls Unconventional Bitcoin ETF Application

The U.S. Securities and Exchange Commission (SEC) has formally issued a call for public comment on yet another proposal to list a bitcoin ETF (exchange-traded fund) on a regulated exchange. VanEck, SolidX Partner to Create Physically-Backed Bitcoin ETF This development came in response to a proposal, submitted by Chicago-based derivatives exchange CBOE, to list and trade shares of SolidX Bitcoin ...

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Overstock’s tZero Signs Letter of Intent for $160 Mln Security Token Investment

tZERO, a security token exchange and subsidiary of Overstock.com, has signed a letter of intent with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens, according to a press release published June 29. Beijing-based GSR Capital will reportedly purchase $160 million worth of tZero security tokens at a price of $10.00 per token, pursuant to ...

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Huobi and JD Cloud Sign Cooperation Agreement to Develop Blockchain and Cloud Computing

JD Cloud, a subsidiary of China’s largest online retailer JD Group, has partnered with digital currency exchange Huobi to explore blockchain technology applications and cloud computing, according to a press release published June 28. According to the press release, the companies have signed a strategic cooperation agreement to jointly explore some key blockchain application scenarios focusing on financial services, Internet ...

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