By CCN Markets: The bitcoin price climbed as high as $ 8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin Winter That’s the shocking analysis of crypto economist Alex Krüger, who warns that Binance’s decision to launch a regional US exchange and boot US traders from its core platform could fundamentally reshape the global cryptocurrency market. Binance, as CCN reported, has partnered with BAM Trading
The head of Germany’s central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.
The U.S. Department of Homeland Security has warned that “predatory users” are using bots to exploit decentralized crypto exchanges.
As U.S. federal workers set their alarms last night for the first time in over five weeks since the government shutdown, Trump already dampened their spirits. They may be going back to work today, but once the three-week government funding lapse passes, all bets are currently off. In an interview with the Wall Street Journal on Sunday, president Trump said that he honestly didn’t believe the delicate issue of immigration and funding for his wall could be decided upon in three weeks: “I personally think it’s less than 50-50.” Trump’s pessimistic comments will do little to sooth the 800,000 federal
In a tweet, Lightning Network infrastructure lead Alex Bosworth wrote: “There’s a bit too much emphasis placed on the idea that LN is all about low fees. Fees on the network are charged at a market rate. We cannot control this market therefore we can’t guarantee low fees all the time. We can remove reasons
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It is still unclear what the short-term and long-term future will hold for Bitcoin and all other markets. The overall sentiment looks as bearish as it was throughout 2018. A repeat of the year 2017 might not necessarily happen soon, although that is only to be expected. Al Warms is confident the “crypto winter’ will remain in place for quite some time to come.
Sweden’s reserve bank has warned that the individuals and firms purporting to sell the electronic version of the national currency, the e-krona, are fraudsters as the digital currency project ‘has not been concluded’. According to Riksbank, ‘no decision has been taken on issuing e-kronas’ and therefore claims to the contrary were false. Riksbank pointed out
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Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business
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Crypto hardware wallet provider Trezor has warned customers of a new method being used by thieves to steal cryptocurrencies from hardware wallets. Trezor, known for its flagship hardware wallet Trezor One and the Trezor Model T, said unscrupulous individuals were distributing “one-to-one copy of Trezor One,” using it as a medium to steal other people’s
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Thailand’s Securities and Exchange Commission (SEC) has warned the public against 14 websites whose operators have been soliciting customers to buy and sell cryptocurrencies and related products. The regulator says these operators are not authorized to conduct crypto business in the country. Currently, only seven companies are temporarily approved for crypto operations.
The Thai SEC issued a warning on Friday against 14 websites whose operators have not been approved to conduct cryptocurrency business in Thailand.
During a largely celebratory live stream regarding the ability of Bitcoin ABC’s upgraded version of Bitcoin Cash to survive and thrive in a post-fork universe, Bitcoin ABC’s self-proclaimed “benevolent dictator,” Amaury Séchet, said that he believes, due to metrics that are publicly available, that BCH mining pool CoinGeek is presently preparing an attack against the ABC … Continued
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In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and Financial Institutions Forum (OMFIF) has found that central banks are unlikely to adopt national cryptocurrencies in the near term.
Australia’s taxman is once again sounding the alarm over fraudsters impersonating tax officials and demanding that tax debts be paid in bitcoin as well as other ‘unusual’ methods. In the latest scam alert, the Australian Taxation Office has warned that scammers are going around threatening to get the federal police to send Australians to jail
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The Chinese government is once again targeting cryptocurrencies, as the People’s Bank of China (PBoC) just issued a public notice warning investors of the risks inherent to cryptocurrencies and ICOs. In the report, the PBoC emphasizes that cryptocurrencies seriously disrupt economic, financial and social order, while ICOs are fraudulent fundraising methods that constitute criminal activity. The […]
The People’s Bank of China (PBoC), the country’s central bank, has issued a public notice urging investors of risks in cryptocurrency trading and initial coin offerings (ICOs). The Shanghai branch of the PBoC issued a public notice on Tuesday to “remind” consumers and investors to increase their risk awareness of ICOs – a radical form
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Dubai Police currently investigating a Dh 300 million ($ 81.7 million) international fraud case have issued a warning about the potential role of digital assets in terms of facilitating crime in the UAE. Speaking at a forum on Sunday September 16, Major-General Khalil Ibrahim Al Mansouri, assistant-commander of criminal investigation department (CID) at the Dubai Police warned … Continued
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The chief executive of the United Kingdom’s primary financial regulator has called for a balanced approach in nurturing the benefits while narrowing out the risks of cryptocurrencies. In a speech during the regulator’s Annual Public Meeting on Tuesday, Financial Conduct Authority (FCA) chief Andrew Bailey outlined four specifically chosen operational risks that figure within the
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Belgium’s Financial Services and Markets Authority (FSMA) has published a list of cryptocurrency platforms showing signs of fraud. The list currently contains 78 crypto platforms, including 28 platforms added on Tuesday. Despite warnings, the FSMA continues to receive complaints from consumers about these crypto firms.
FSMA’s New Warning
Belgium’s Financial Services and Markets Authority (FSMA) announced Tuesday, September 4, that it has “updated its list of cryptocurrency trading platforms regarding which it has received questions/complaints from consumers and vis-à-vis which it has identified signs of fraud.”
Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.
Feathercoin? Is That You?
In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.
According to Togami, there currently exists a “real risk” of double spending, which would have a paralyzing effect on exchanges and buckle BCH’s already low liquidity.
Laos’ central bank has published a notice cautioning the public against cryptocurrency trading and their usage in payments. In a notice [PDF], dated 29 August, the Bank of Laos (BOL) said the public is warned against the use of “unregulated” cryptocurrencies, specifically naming Bitcoin, Ethereum and Litecoin as examples. Addressed to merchants, traders and residents, the
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