SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which…

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

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Undaunted by the SEC’s second Bitcoin ETF proposal rejection, Tyler and Cameron Winklevoss appear to be charging full steam ahead with their cryptocurrency exchange and custodian, Gemini. For the twin brothers, the commission’s green light may have granted Gemini the largest rush of institutional capital seen in this industry. Now, with Gemini ranked 24th largest exchange…

Token Forum Ushers In New Age of Blockchain Excitement in Seattle

Token Forum Ushers In New Age of Blockchain Excitement in Seattle

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Although 2018–full of steep price drops and unfulfilled crypto promises–has been a difficult year for the cryptocurrency market, innovators, investors and legislators continue to build and plan for a blockchain-based future. Jonathan Gagliardoni is the CEO and founder of Token Forum. Jonathon Gagliardoni hosted the first Token Forum Seattle on Aug. 9 at the Columbia…

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

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Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH…

At Bitcoin Cash Birthday Bash, Crypto Embraces the Strange

At Bitcoin Cash Birthday Bash, Crypto Embraces the Strange

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A gathering in London saw the cryptocurrency community cavort with cross-dressers and samurai dwarves, all in the name of history.

CNBC’s Brian Kelly: ‘Don’t Sell Crypto After Bitcoin ETF Delay’

CNBC’s Brian Kelly: ‘Don’t Sell Crypto After Bitcoin ETF Delay’

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Earlier last week, the SEC postponed CBOE’s Bitcoin ETF application decision until late September. On Aug. 7, Brian Kelly went on CNBC’s Fast Money to urge viewers to hold their crypto investments through the delay. BK: “There’s More to This Story Than Just an ETF” The CEO and founder of investment firm BKCM, Brian Kelly,…

Swiss Banks Are Onboarding Crypto Clients and Assets

Swiss Banks Are Onboarding Crypto Clients and Assets

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Another Swiss private bank has announced in a statement that it’s open to on-board cryptocurrencies. Maerki Baumann private bank in Zurich is open to accepting assets that were generated with cryptocurrencies, “under the condition that strict regulatory and legal requirements are fully complied with,” Managing Director Stephan Zwahlen told news.Bitcoin.com. Also read: Many Swiss Bankers and Financial…

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Says Cryptocurrency Could Outlast Fiat

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Says Cryptocurrency Could Outlast Fiat

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Robert Kiyosaki, the author of one of the top personal finance books of all time, stated that cryptocurrencies, gold, and silver, will triumph over an impending economic crash — the likes of which the world has never experienced. The author of the 1997 bestseller ‘Rich Dad, Poor Dad’, Kiyosaki has garnered a reputation as an…

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

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South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also read: Yahoo!…

Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 5: Proof of Waste

Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 5: Proof of Waste

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Ethereum co-founder Vitalik Buterin put forward a series of open questions to the cryptocurrency community in a recent discussion with Mars Finance International WeChat group, postulating seven issues present within the blockchain ecosystem. Buterin’s “hard questions for any blockchain people” deal with some of the biggest obstacles that stand between the current state of blockchain…