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The CEO of the OneCoin cryptocurrency scam, Konstantin Ignatov, will have to undergo trial while still in custody. The New York Southern District Court’s Judge Edgardo Ramos denied a bond application filed by Ignatov despite the top leader of the cryptocurrency scam having proposed attractive release conditions, as first ported by Finance Feeds. Ignatov is […]
The post OneCoin Crypto Scam Boss Faces Jail Trial after $ 20 Million Bail Fail appeared first on CCN Markets
A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations. That’s after prosecutors gave up their efforts to block the website citing upcoming Russian legislation meant to regulate Bitcoin.
Also read: Russia Prepares to Test Cryptocurrencies in Four of Its Regions
Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain
The post Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did appeared first on CCN
Singaporean crypto exchange KuCoin has announced the delisting of 10 cryptocurrency projects under its Special Treatment Rule framework designed to ensure that only projects that meet and maintain certain criteria are listed on the platform. In an announcement posted on its official website on December 21, the exchange revealed that the affected digital assets will
The post KuCoin Cryptocurrency Exchange Removes 10 Tokens As They Fail to Maintain Listing Criteria appeared first on CCN
Xapo CEO, Wences Casares, described cryptocurrency as “an intellectual experiment” that might still fail, in a recent interview with Bloomberg. However, he further stated that the experiment was more likely to succeed, although the results are still several years away.
Casares, the Argentinian entrepreneur known as ‘patient zero’ for his role in promoting bitcoin within Silicon Valley, says that the experiment may work or may not work. However, he points out that the experiment is happening right now, so it’s worthwhile paying attention.
Afri Schoedon, an Ethereum developer at Parity Technologies, said that the network cannot rely on Infura to process 10 billion requests per day. Created by Michael Wuehler, an author at ConsenSys and NYC Ethereum founder, Infura is an infrastructure that allows decentralized applications (dApps) to process information on the Ethereum network without running a full
The post Dev: Ethereum May Fail if it Relies on Infura to Run Nodes, Potential Solution appeared first on CCN
Over the past 11 days, the Bitcoin price has remained stable in the range of $ 6,300 to $ 6,500, struggling to initiate a major movement on the upside. The volume of Bitcoin has declined substantially over the last 72 hours from $ 3.6 billion to $ 3.1 billion on CoinMarketCap, by nearly 20 percent. Trading activity in the
The post Bitcoin Finds Stability at $ 6,400: Will BTC Fail to Recover by 2018’s End? appeared first on CCN
A new assessment by Europol this week reveals a growing schism between the use of cryptocurrencies by terrorists and other criminals.
In its Internet Organized Crime Threat Assessment (IOCTA), the organization highlights that while the use of Bitcoin in particular by cybercriminals is growing, terrorists still prefer conventional money transfer methods — banks and wire transfers.
“…Despite the clear potential, none of the (terrorist) attacks carried out on European soil appear to have been funded via cryptocurrencies,” the Assessment reads.
On July 19, a group of interdisciplinary researchers from the University of Pennsylvania, with guidance from the esteemed Penn Law professor David Hoffman, published an in-depth study of initial coin offerings (ICOs) that promise innovative concepts like autonomous governance and operate by the belief that ‘code is law’. However, most of the ICOs the group researched failed to match the original contractual promises and the so-called ‘trustless trust’ offered by these projects had very little merit.
Also read: Japan Tax Agency Says Individuals Earning $ 1,800+ in Crypto a Year Will Declare Tax
The Bitcoin community has leveled new criticism against Bitcoin Cash (BCH) after data reveals its bigger blocks are not living up to developers’ promises.
Analysis of BCH and Bitcoin (BTC) blocks which software advocate Ben Verret uploaded to Twitter Sunday suggests that Bitcoin blocks, despite being smaller, are verifying more transactions than BCH’s ‘big blocks’ approach.
The concept of bigger blocks providing greater scalability was a central feature touted by Bitcoin Cash supporters, including major figures Roger Ver and Jihan Wu.
Bigger Blockchain blocks would allow for more transactions to be processed at once, proponents say, thus giving users considerably faster and cheaper transactions.
