Tag: bitcoin

Bitwise’s Bitcoin ETF Proposal Rejected by the SEC

  • The reason behind the rejection was that NYSE Arca did not meet the requirements to prevent market manipulation and other illicit activities.
  • Currently, there is only one ETF proposal awaiting decision from the SEC, but things do not look good as it was again filed by NYSE Arca.

2020 is Expected to be a Decisive Year for Proof-of-Stake

  • The PoS of Cardano will bring many improvements in comparison to current blockchain systems, such as better scalability, sustainability and advanced security.
  • Charles Hoskinson, CEO of IOHK, is excited about the next development phase called “Shelley”, stating we will have 100x more people using Cardano than Bitcoin or Ethereum.

Head of Crypto Escrow Service Charged With $7 Million Bitcoin Fraud

  • Jon Barry Thompson has been accused of committing two counts of wire and commodities fraud offenses by the U.S. Attorney's Office.
  • Thompson also faces civil charges by the CFTC for "knowingly or recklessly making false representations to customers".

Iranian Bitcoin Miners Constantly in Fear of Huge Fines and Even Jail Time

  • Some of the prosecuted bitcoin miners were punished with fines that are much bigger than their annual salary.
  • The electricity problem comes from the fact that the state-controlled prices differ depending on the use-cases and a crypto mining case does not exist yet.

Lightning Network Developer Discloses a Dangerous Vulnerability, Now Fixed

  • The vulnerability could allow for an attacker to pretend to open a payment channel and then send fake transactions.
  • Originally discovered in June, the vulnerability has now been fixed by upgrading all major lightning software clients.

Fold App Delivers Lightning to Users Purchasing from Popular Retailers

  • When users spend fiat on things like household goods or food, they will receive BTC rewards.
  • Fold is already integrated with lightning-friendly wallets in contrast to other retail-focused apps.

Bakkt Launched its Bitcoin Futures at Long Last

  • CEO of LevelTradingField, Lanre Sarume commented rather positively on the launch and expressed optimism.
  • Experts do not expect a sudden big rush to the global crypto market as this increasing demand would take time.

SEC Chairman: BTC Needs Better Regulation to be Taken Seriously

  • Speaking at the CNBC's Delivering Alpha conference, Jay Clayton remarked that the crypto market needs to build strong investor protections.
  • He also added that Bitcoin and other cryptocurrencies do not go through the same price discovery practices as products on major exchanges.

Global Recession Indicators Send the Crypto Market in Freefall

  • Bitcoin has proclaimed its intended role as a store of value during recessions since its genesis block.
  • Still, the news about an incoming recession saw the coin react like it is part of the "high-risk gambling vehicle" asset class, in stark contrast to established stores of value.

Samsung’s Blockchain Keystore Now Supports Bitcoin

  • Samsung has quietly added support for Bitcoin and Klaytn to its decentralized application store.
  • The Blockchain Keystore is supported on six of Samsungs' series 10 devices, namely S10e, S10, S10+, S10 5G, Note10 and Note10+.