Bitcoin’s 40+ Struggling Hard Forks Show Industry Has ‘Moved On’

Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins. Bitcoin’s ‘Moved On’ From Hard Forks Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.” All coming after the network’s first

The post Bitcoin’s 40+ Struggling Hard Forks Show Industry Has ‘Moved On’ appeared first on Bitcoinist.com.

Continue Reading

‘Game-Changer’: Institutional-Trader Crypto Exchange LMAX Opens in the UK

UK financial platform LMAX has suddenly entered cryptocurrency with the launch of a new exchange solely for institutional investors. CEO: Crypto ‘Coming Of Age’ According to a press release May 21, eight-year-old LMAX, which is regulated by the UK’s Financial Conduct Authority (FCA), is seeking to “further legitimize” cryptocurrency’s reputation in traditional investment circles. “The rise of institutional trading of cryptocurrencies will be a game-changer for the industry… Digital currencies are, without a doubt, coming

The post ‘Game-Changer’: Institutional-Trader Crypto Exchange LMAX Opens in the UK appeared first on Bitcoinist.com.

Continue Reading

New Study: 20% of ICOs Are Scams, But Investors Aren’t Fazed

Initial Coin Offerings (ICOs) have become the hottest way of raising capital, but at least one in five has turned out to be a scam, according to a new study. 1 in 5 ICO Projects are Scams The number of Initial Coin Offerings (ICOs) has gone through the roof throughout the last year as their underpinned technology, the blockchain, received mass media exposure and starts to see widespread adoption. Yet, being comparatively easy means of

The post New Study: 20% of ICOs Are Scams, But Investors Aren’t Fazed appeared first on Bitcoinist.com.

Continue Reading

Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading

Louis Ong, a Vancouver-based bitcoin trader, has been sentenced to 20 days in a U.S jail for unlicensed cryptocurrency trading. Ong was apprehended as part of a sting operation by Federal agents. Apart from jail time, Ong must also forfeit about $1.1 million worth of bitcoin and cash. The Sting Operation Ong first appeared on the Department of Homeland Security’s (DHS) radar in 2016 after he posted an online ad about his bitcoin trading business.

The post Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading appeared first on Bitcoinist.com.

Continue Reading

Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR

Parity, the wallet and blockchain provider, is shutting down its PICOPS platform effective May 24, 2018, due to complications stemming from the new EU GDPR guidelines. The company announced the decision in a blog post on its website on May 18. PICOPS: The Latest Casualty of the New EU GDPR The General Data Protection Law (GDPR) of the EU is causing problems for blockchain and cryptocurrency. Part of the fundamental principle of the blockchain is

The post Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR appeared first on Bitcoinist.com.

Continue Reading

BANKEX Smart Justice is Bringing Arbitration to Blockchain

The Smart Justice service is an innovative and community-driven way to resolve disputes in the crypto industry. Top-50 FinTech company, BANKEX, launched the beta version of its service on the 14th of May as a way to introduce complete partiality during these disputes. There is no doubt that blockchain technology has the potential to drastically change our lives.  It offers security, immutability and a high level of transparency.  It also an essential part of creating a

The post BANKEX Smart Justice is Bringing Arbitration to Blockchain appeared first on Bitcoinist.com.

Continue Reading

South Africa Gets Its First Multi-Currency Crypto ATM

As cryptocurrency interest and trading continues to grow in South Africa, some retailers are hoping to cash in. The country will soon be the second in southern Africa to launch a crypto ATM. After February’s election of Cyril Ramaphosa as South Africa’s new president, things seemed to be looking up. However, the country is now facing new challenges with the ongoing land reform debate as well as continued allegations of corruption in the country’s government.

The post South Africa Gets Its First Multi-Currency Crypto ATM appeared first on Bitcoinist.com.

Continue Reading

DRAM Sales Decline Amidst Crypto Market Stutter

Sales of DRAM chips in Japan and the rest of the world have declined. The lull in cryptocurrency prices and the decline in smartphone sales are likely responsible for the decrease in sales. Lower Prices Cool Crypto Enthusiasm According to a recent Morgan Stanley report, the decline in cryptocurrency prices has negatively impacted the semiconductor market. With crypto prices falling, miners can end up operating at a loss. Morgan Stanley previously stated that Bitcoin mining

The post DRAM Sales Decline Amidst Crypto Market Stutter appeared first on Bitcoinist.com.

Continue Reading

FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations

As the G20 works to create a set of “unified regulations” in regards to cryptocurrencies, the government of South Korea — the third largest cryptocurrency market in the world — reportedly plans on playing ball with whichever policies the international forum of governments and central bank governors put into place. ‘We Will Step up Efforts to Improve Things’ According to China Money Network, local media has also reported that Korean regulators have agreed to apply the Financial

The post FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations appeared first on Bitcoinist.com.

Continue Reading

Watchout! Satori Botnet Targets Exposed Ethereum Miners

Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide.  Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit. This specific port has often been a way in which miners can remotely control their mining equipment,

The post Watchout! Satori Botnet Targets Exposed Ethereum Miners appeared first on Bitcoinist.com.

Continue Reading