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Blockvest is being sued the Securities and Exchange Commission for making false claims that the regulator’s approval for its planned ICO. The regulator is looking for an injunction against the defendant in return for all the financial gains of its ICO activities.
The complaint again Blockvest
According to Ethereum World News, the SEC gained an emergency court order form a US District Court to prevent Blockvest planned ICO to go ahead as well as the current pre-ICO sales.
Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.
Also read: Europe, Japan and the ‘Drug’ of Quantitative Easing
Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.”
Chart for ETC/USD (1W)
Ethereum Classic (ETC) has seen a lot of favorable developments over the past few months but the price has failed to rise successfully. If anything, one might be led to believe that those developments actually did not affect the price at all and that interest in Ethereum Classic (ETC) has not changed a bit. There are two sides to this. For retail investors that trade sentiment or hype which is very common in this industry, it is early days yet to be thinking about Ethereum Classic (ETC).
Not much is happening across the cryptocurrency industry as of right now. Most currencies are seemingly stuck in a bit of sideways trading momentum, which can mean one of two things. In the case of the EOS price, it seems things are heading in the right direction, courtesy of a small gain over the past 24 hours.
It is interesting to see how the EOS price is evolving over these past few hours. Although there does not appear to be much momentum to push the value much higher, its trading volume is increasing rapidly. Thanks to $ 625m in volume, the EOS price has surpassed $ 5.2 once again. This is an interesting trend, albeit it remains to be seen how long this will last.
A growing number of start-ups and larger companies have begun to experiment with blockchain’s utility for solving public health crises — like the opioid epidemic in the United States.
Cryptocurrencies have had a testy relationship with some law enforcement figures in the United States, who see popular forms like Bitcoin as a scapegoat for an ongoing opioid crisis.
The infamous Silk Road marketplace, commonly associated with drug sales, accepted Bitcoin for transactions. This put the digital coin under the scrutiny of law enforcement after authorities shuttered the site and arrested the infamous Ross Ulbricht (Dread Pirate Roberts).
A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner.
It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining.
According to Coinjournal:
“Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it.
Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have purchased cryptocurrencies like Bitcoin and Ethereum in the past few years. Motive of Residents in
The post Mass Adoption of Crypto Far from Being Achieved, Best Chance in Turkey appeared first on CCN
Earlier this week, the Blockchain Transparency Institute (BTI) published a report claiming that the global crypto exchange market is faking $ 6 billion of its daily volume. The researchers at BTI evaluated the user activity and traffic of the market’s biggest crypto exchanges, comparing their projected trading volume to other metrics. Slippage, a method utilized by
The post $ 6 Billion Daily Crypto Volume is Being Faked, How Can it be Combated? appeared first on CCN
Bithumb, once the 7th largest crypto exchange by trading volume, suffered a hacking event in June that resulted in about $ 30 million worth of cryptocurrencies stolen from the platform. Despite the hack, Bithumb was able to rake in 39.34 billion won (~$ 35 million) in the first half of this year, according to South Korean news agency Yonhap, which […]
SludgeFeed
Barely a week after receiving bomb threats, Kryptovault now has to contend with another threat — forced closure by local authorities. According to the Norwegian edition of The Local, one of the bitcoin mining facilities that Kryptovault runs in Norway is at risk of being shut down by the local municipality following noise pollution complaints
The post Norwegian Bitcoin Mining Firm Hit with Bomb Threat Risks Being Shut Down appeared first on CCN
As is usually the case when the weekend looms around the corner, cryptocurrency markets tend to do surprising things. This time around, there are some pleasant surprises to take into account. The Ethereum Classic price is an intriguing example of how quickly things can turn around in this industry.
Cryptocurrencies are a very unique creature in the financial world. Their volatility is notorious, but so are the overall unusual market swings. In the case of the Ethereum Classic price, it is evident the positive momentum has materialized out of the blue. As such, it can also disappear in the blink of an eye. Whether or not that will be the case, remains to be determined.
The Japanese Police have been cracking down on users of remote mining software apps, such as Coinhive, without their website visitors’ consent. After being investigated and having their property impounded, users are speaking up about the unfairness of the investigation.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Japanese police have been actively investigating website owners using programs such as Coinhive to mine cryptocurrencies without their site visitors’ consent. Recently, the police from 10 prefectures reportedly caught 16 people using such programs; three were arrested while the others had their information sent to the prosecutors.
Blockchain can upend – not just the business models of recent decades – but a millennia-old societal practice of deep significance to civilization.
CoinDesk
Blockchain research and development company IOHK has announced a partnership with Ethiopia’s government to explore applications of blockchain technology in the country. In collaboration with the Ethiopian Ministry of Science and Technology, IOHK will work with ministers, entrepreneurs, and start-up companies to examine blockchain applications that can benefit the country. Ethiopia is exploring a first use case of supply chain traceability for coffee, its largest export, among other agricultural technology applications.
In addition, IOHK will train up to 100 Ethiopian software development students in Haskell, a rigorous programming language used for mission-critical applications and blockchain development, including the protocol behind top 10 cryptocurrency Cardano.
Cybercriminals often target known and unknown exploits found in operating systems and web architectures. Evidently, someone took advantage of a recent Drupal exploit to mine cryptocurrencies in an illegal manner. Although the exploit was patched in late March, there are still some concerns over how exactly this exploit was leveraged.
As is the case with any security exploit, the people responsible for maintaining the project’s code will try to address this issue as soon as possible. In a lot of cases, that is much easier said than done, as there are many potential repercussions to keep in mind. For the Drupal developers, addressing the most recently discovered critical exploit has been a painstaking process.
The Saga Foundation has announced its mission to create Saga (SGA), a non-anonymous blockchain-based digital currency. The currency is designed with a tamed volatility mechanism and, in addition to the non-anonymous nature, aims to set grounds for the currency to become a store of value and a medium of exchange. Saga is designed to address legitimate concerns expressed by policy makers, regulators and market participants regarding cryptocurrencies; mainly their anonymity, lack of underlying value and high volatility.
From wrecking the environment to making it harder to search for alien life, cryptocurrency mining has been blamed for a multitude of sins. But to cause time itself to slow down is a fresh charge and one which, on the surface, sounds impossible. Something strange is happening in Central Europe right now: clocks are running slow, and not by fractions of a second, but entire minutes. Could large scale crypto mining be responsible or is it being made a convenient scapegoat?
Also read: New Study Looks at the Cost to Mine BTC Across the Globe
