Tagged: ethereum

Noted Columnist Discusses Contraction at ConsenSys, Ethereum’s Largest Consortium

Laura Shin, an independent journalist known for breaking an important story about deception by “blockchain” scions in Toronto, recently spoke to her former colleague at Forbes, Jeff Kauflin, on a podcast convened to discuss layoffs and business structure problems at ConsenSys, one of Ethereum’s biggest spin-off companies…. Read More

Bitwise Announces Beta Funds For Bitcoin & Ethereum to Capitalize on Market Pullback

Bitwise Asset Management announced on Wednesday the launch of its two new low-cost, liquid beta funds, holding bitcoin and ether exclusively. According to Bitwise, the Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the… Read More

ConsenSys Contracts: Ethereum’s Largest Company Tightens Belt

ConsenSys founder Joe Lubin announced in a company-wide letter last week that his company, Ethereum’s largest private offshoot, will be regrouping for greater efficiency under the moniker “ConsenSys 2.0,” Breakermag reports. In the letter sent to employees at the end of the workday Friday, Lubin wrote:… Read More

Three Years After Ethereum’s Initial Olympic Release: What’s Up With the World Computer?

Three years into the smart contract revolution that should have brought us international, completely free and trust-independent markets, the time has come to see how far we’ve gotten and what remains from the grand idea. During its early beginnings, the Ethereum project was often introduced… Read More

RECoin and Diamond Reserve Coin ICO Issuer Pleads Guilty to Fraud

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

KYC is Broken and Should Be Put Out of its Misery

Cemetary Tombstone RIP Death Demise Halloween Skeleton

Background checks are broken. They’re necessary, especially when verifying personnel for sensitive positions, but right now, the system is broken. It’s a really lucrative business if you’re a background check company, because the system is great at exploiting companies checking applicants and creating more work… Read More

SEC Expands Scrutiny of Companies That Sold ICOs to Unaccredited Investors

The American Securities and Exchange Commission (SEC) has been following up on “scores” of subpoenas it sent in January to companies issuing ICOs (initial coin offerings) and is now focussing on those and “many more” that sold ICOs to unaccredited investors, Yahoo Finance reports. Based… Read More

Two Young Men in Oklahoma Charged with $14 Million Crowd Machine Crypto Hack

Two young men accused of stealing one billion “Crowd Machine Compute Tokens” (worth $14 million) directly from the Crowd Machine crypto project last weekend were arrested Monday at an Oklahoma hotel, Oklahoma News 4 reports. Fletcher Robert Childers, 23, and Joseph Harris, 21, both of Missouri,… Read More

Vranova and Zucco Announce Creation of Bitcoin “B Foundation”

Bitcoin entrepreneurs Alena Vranova and Giacomo Zucco announced today that they are creating a foundation to help Bitcoin, an automated, autonomous payment network invented in 2009, compete with centralized cryptocurrency ventures. Vranova, an early adopter of Bitcoin and co-creator of the Bitcoin projects Slush Pool,… Read More

TokenSoft Proposes Security Token Standard ERC-1404

Mason Borda

TokenSoft, a security token issuance platform that can provide compliant offerings in 50+ countries, has proposed a new security token standard: ERC-1404. The engineering team at TokenSoft have developed this new standard with banking and securities law in mind. The “Simple Restricted Token Standard” is… Read More

Bloomberg: Crypto Crash of 2018 Now Worse than the DotCom Contraction

The cryptocurrency market has lost 80% of its value since December 2018, with some altcoins, led by Ethereum, down over 90%. The crash that followed the burst of the dot-com bubble in 2000,  on the other hand, involved a correction of only 78% percent, says… Read More

Belgian Finance Authority: “The Number of Victims of Cryptocurrency Fraud Clearly Continues to Increase”

The Financial Services and Markets Authority of Belgium (FSMA) says it has been continuing to receive complaints from investors swindled by fake cryptocurrency platforms and is therefore reiterating its warnings to consumers: “Cryptocurrencies are the hype of the year. Fraudsters are well aware of that,… Read More

Report: CBOE will Launch ETH Futures Before End of Year

The Chicago Board of Options Exchange (CBOE) expects to follow in the footsteps of their Bitcoin Futures contracts and offer the same for Ethereum. This is according to a report this past weekend from Business Insider. According to the write up, ETH Futures will launch… Read More

Food for Thought: Will Ethereum’s Shift to Proof of Stake, from Proof of Work, Turn it Into a Security?

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Here is an interesting thread I was following recently on Twitter. As we all know, Ethereum is planning to change from Proof of Work (PoW) to Proof of Stake (PoS). There is no need to dive into the pros/cons .. shoulda coulda debate now, but… Read More

StartEngine Plans to Accept Bitcoin & Ethereum in Security Token Offering

Investment crowdfunding platform StartEngine has filed an updated Form 1-A with the Securities and Exchange Commission (SEC) that indicates its intent to accept both Bitcoin and Ethereum during a Reg A + security token offering (STO). The document, filed this week with the SEC, is… Read More

The Securities and Exchange Commission is Right on Bitcoin ETF

The SEC Rejects Bitcoin ETF Proposals. The SEC has rejected nine more Bitcoin ETF proposals, one of them from a fairly well-established ETF distributor, ProShares.  The ProShares filing was due for comments on Thursday, but the SEC promptly responded a day early, as well as… Read More

How Poor Treasury Management is Killing ETH

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

“Carnage.” Crypto Markets Descend 70-90% Below All Time Highs

Cryptocurrency markets have corrected to the upside slightly today, with Bitcoin up about 5% at the time of writing, and Ethereum up about 8%, but memories of yesterday’s steep price declines are still fresh and traders and holders dizzy. According to CCN, in the first… Read More

High Times Gets Crypto Buzz in Reg A+ Crowdfunding Offer & Possible NASDAQ Listing

High Times, the inimitable marijuana magazine, is in the midst of a Regulation A+ crowdfunding round. CI first covered the offering when the media firm first issued its first Form 1-A with the Securities and Exchange Commission (SEC). The offering documents have since been qualified… Read More

Ripio Claims First Marketplace to Trade ETH for Brazilian Reais & Argetine Pesos

Ripio, previously doing business a BitPagos before a rebrand, has integrated Ethereum, becoming the first cryptocurrency wallet that allows the purchase and sale of Ethereum in both Argentina and Brazil. Sebastián Serrano, Founder and CEO of Ripio, said the addition of Ethereum will open their door to… Read More

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