Another major crypto exchange is delisting bitcoin SV (BSV) amid an ongoing feud between that cryptocurrency’s creator Craig Wright and outspoken members of the bitcoin community. San Francisco-based Kraken announced Tuesday that it will no longer support BSV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates. Kraken will disable BSV deposits on April 22, trading will cease on all trading pairs April 29 and, finally, withdrawals will stop May 31. The move follows announcements Monday by two other prominent exchanges, Binance and ShapeShift, that they were delisting BSV in response to Wright’s behavior. Binance’s CEO, Changpeng Zhao (CZ), tweeted that Wright is “poisoning” the bitcoin community with his threats to sue peop
There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator. It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out legal letters to those community members that have called him a “fraud.” While several news reports, as early as late 2015, identified Wright as Satoshi, and the lead maintainer of bitcoin at the time Gavin Andresen even lent his credence to the unmasking, security experts rebuked the claim, leaving many in the cryptocurrency community unconvinced. Yet, Wright has continued stating that he is Satoshi and those that believe that to be
A New Zealand based crypto exchange website has been shut down by the operators citing a major hack. Cryptopia a New Zealand based crypto exchange which started operations in 2014 has been taken offline by the organisers after undergoing a security breach on January, 14. The exact details of the hack are still unknown and the company has since been sharing news about the hack via its Twitter handle. Customers have been facing difficulties to access their accounts on January 13 after which they are greeted to a message of maintenance that is being displayed on the screen. Later on 14 of January the company took to Twitter to tell that the exchange has suffered security and has undergone significant losses. The staff has alerted all the related government agencies, t...
We are less than two days before of the much-anticipated Constantinople hard fork on the Ethereum blockchain and uncertainty has sparked as only 20% of all nodes have already upgraded to the new version. Constantinople has been set to launch on January 16 (block 7,080,000), and 1534 out of 7650 total nodes have adopted the proposed changes on Ethereum according to Ethernodes, a Constantinople adoption tracking service. Representatives of the Ethereum community are confident that consensus will be ultimately achieved and the majority of nodes will update their clients just before the irreversible chain split. However, as the Constantinople upgrade includes several depreciating features for the miners’ incentives, a debate has started lately about whether this is a concerted
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), has spoken of the advantages of initial coin offerings (ICOs) as a way to raise capital – with a significant caveat. In a speech last week, focused on reviewing the SEC’s progress in 2018 and discussing the agenda for 2019, Clayton said “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital.” However, he added that securities rules must be adhered to where appropriate. “The novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed,” he said. The chairman further said that the SEC and its staff “have spent a significant amount of time” focusing on blockchain and cypto assets
The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10.5 cubic feet of natural gas daily, has joined forces with IBM to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press release on December 9, 2018. Oil and Gas on the Blockchain In its bid to seamlessly track, validate and execute transactions at every stage of its operations, from the production well to the end user, via blockchain technology, ADNOC has announced its collaboration with IBM. Per ADNOC, it’s integrating IBM’s blockchain solution into its entire oil and gas production value chain to reduce transaction ti
Binance is one of the biggest cryptocurrency exchanges in the world and they have recently announced that they will be launched its sub-account support specifically for institutional traders. The exchange giant has revealed they have had a number of requests put forward by users of Binance which has encouraged the exchange to bring in the feature. As it says on the official blog for the crypto exchange, the new upgrade will allow for multiple entities to set up a number of sub-accounts under one organisation and provide control of access to one master account and only that account will be able to control the other accounts under it. Aside from this, the exchange will be providing a set limit to API limits for every sub-account. On top of this, only those who have VIP 3 tier or ab...
The Swiss city of Zug, home to crypto and blockchain development hub “Crypto Valley,” has been ranked the fastest-growing tech community in Europe. Swiss startup news channel StartupTicker reported this on Dec. 6. According to the latest annual “State of European Tech” report from London-headquartered global technology investment firm Atomico, Zug came out top in a comparison of year-on-year growth of attendees to tech-related “meetup” events per European city, with a 177 percent increase as compared with last year: Comparison of YoY growth of attendees to tech-related meetup events per city. Source: startupticker.ch As Startupticker further reports, Switzerland overall had a weaker performance as compared with other European tech destinations. The United Kingdom sealed the top spot a
The month of December started out better than November but it is now turning out to be every bit a cryptocurrencies holder’s worst nightmare as November. Today, major coins have taken a dramatic drop with most coins losing 10% to 20% of their value. Bitcoin, the crypto leader, has dropped by 11% at the time of writing this and is now trading below $3,500. Should we expect $3,000? Given the markets latest trend, there’s no reason why we shouldn’t expect bitcoin to hit $3,000. In the last three weeks, coins have seemed to bottom out but have surprisingly dropped even further. Bitcoin which seemed to have bottomed out at $3,500, in the last couple of hours crossed that line and now seems to have bottomed at $3,300. Altcoins have also taken a major beating with Ethereum dropping
Hollywood movies are never too far removed from reality. In the case of unfair practices on Wall Street, we have seen it in legendary movies such as the 1987 classic by Michael Douglas and Charlie Sheen also known as Wall Street. The movie was loosely responsible for the attraction many young graduates – in the 80s and 90s – had for stock market trading. In a nutshell, the movie glorified greed. We have also seen several other films that continue to give us a glimpse of the underbelly of what goes on in the traditional markets. These movies include The Big Short, Gold, Wall Street II, Margin Call, The China Hustle, just to name a few. With the weekend a few hours away, the aforementioned movies might be worth exploring for any crypto enthusiast with free time. The Theory That Wall