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Category: bitcoincom

Finance Ministry Employees Caught Mining Cryptos in Kazakhstan

Finance Ministry Employees Caught Mining Cryptos in Kazakhstan

found at
https://news.bitcoin.com/finance-ministry-employees-caught-mining-cryptos-kazakhstan/
on 2018-02-23 22:55:00

The Ministry of Finance in Kazakhstan has announced measures to improve security and oversight in its IT department after catching four employees mining cryptocurrencies on its servers. Joking that the miners have taken over the central bank’s main duty – money emission, a deputy called for crypto regulations. The National Bank is actually working on […]
The post Finance Ministry Employees Caught Mining Cryptos in Kazakhstan appeared first on Bitcoin News.

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Montana Scores $250 Million Bitcoin Mining Campus

Montana Scores $250 Million Bitcoin Mining Campus

found at
https://news.bitcoin.com/montana-scores-250-million-bitcoin-mining-campus/
on 2018-02-23 20:30:43

The Big Sky Country state of Montana keeps raking them in. For the second time this month, a mining operation is announcing its moving to the Butte area. Power Block Coin LLC is reportedly plunking down a quarter of billion dollars to upgrade existing facilities to mine the world’s most popular cryptocurrency, bitcoin. Also read: How […]
The post Montana Scores $250 Million Bitcoin Mining Campus appeared first on Bitcoin News.

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Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs

Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs

found at
https://news.bitcoin.com/report-claims-34000-ethereum-smart-contracts-vulnerable-bugs/
on 2018-02-23 19:04:11

Over 34,000 ethereum smart contracts containing $4.4 million in ETH may be vulnerable to exploitation. That’s the conclusion reached by a quintet of researchers hailing from Singapore and the UK. Their technical report, which is currently undergoing peer review, suggests that millions of dollars in ether may be at risk from poorly coded smart contracts […]
The post Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs appeared first on Bitcoin News.

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Turkish Minister Proposes National Cryptocurrency

Turkish Minister Proposes National Cryptocurrency

found at
https://news.bitcoin.com/turkish-minister-proposes-national-cryptocurrency/
on 2018-02-23 17:30:15

The deputy chair of Turkey’s Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has written a 22-page report seeking to highlight the regulatory vacuum that presently exists in Turkey pertaining to cryptocurrencies. The report also makes a number of policy recommendations for the development of a regulatory framework for virtual currencies, including advocating that Turkey develop […]
The post Turkish Minister Proposes National Cryptocurrency appeared first on Bitcoin News.

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Sneak Peek: Mexico?s Regulations for Crypto Exchanges Expected in ?Weeks?

Sneak Peek: Mexico?s Regulations for Crypto Exchanges Expected in ?Weeks?

found at
https://news.bitcoin.com/sneak-peek-mexicos-regulations-crypto-exchanges/
on 2018-02-23 15:58:02

Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new law, citing a leaked document he obtained from the recent meeting of regulators. Also read: Indians Look to […]
The post Sneak Peek: Mexico’s Regulations for Crypto Exchanges Expected in ‘Weeks’ appeared first on Bitcoin News.

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Oregon?s Cheap Hydropower Attracts a Swarm of Bitcoin Miners

Oregon?s Cheap Hydropower Attracts a Swarm of Bitcoin Miners

found at
https://news.bitcoin.com/oregons-cheap-hydropower-attracts-a-swarm-of-bitcoin-miners/
on 2018-02-23 14:55:39

Over the past few months, quite a few bitcoin miners have been flocking to regions in North America in places such as Vancouver, and multiple states in the U.S. throughout the Midwest. Now, according to the state of Oregon’s regional press, miners are starting operations in the area because of concentrations of cheap hydropower. Also […]
The post Oregon’s Cheap Hydropower Attracts a Swarm of Bitcoin Miners appeared first on Bitcoin News.

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Maduro Asks Venezuela?s Banks to Mine and Use Cryptocurrency ? Unions Outraged

Maduro Asks Venezuela?s Banks to Mine and Use Cryptocurrency ? Unions Outraged

found at
https://news.bitcoin.com/maduro-asks-venezuelas-banks-to-mine-and-use-cryptocurrency-unions-outraged/
on 2018-02-23 13:35:46

Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Also read: Indians Look to Buy Bitcoin Overseas as Regulations […]
The post Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged appeared first on Bitcoin News.

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PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency ? Backed Lending Startup Money Token

PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency ? Backed Lending Startup Money Token

found at
https://news.bitcoin.com/pr-us-fintech-expert-from-prudential-financial-launches-cryptocurrency-backed-lending-startup-money-token/
on 2018-02-23 11:30:40

Alex Rass, blockchain expert and enthusiast with a history of Fintech experience gained at Prudential Financial, Bloomberg and Goldman Sachs has launched a blockchain based financial services ecosystem called MoneyToken.
MoneyToken focused on cryptocurrency-backed lending, stablecoins development and crypto assets leveraging.
Its innovative economic model allows you to hold onto your cryptocurrency assets and spend cash at the same time.
The post PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency – Backed Lending Startup Money Token appeared first on Bitcoin News.

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An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week

found at
https://news.bitcoin.com/an-ethereum-classic-fork-snapshot-is-coming-next-week/
on 2018-02-23 10:30:52

Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social […]
The post An Ethereum Classic Fork Snapshot Is Coming Next Week appeared first on Bitcoin News.

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46% of Last Year?s ICOs Have Failed Already

46% of Last Year?s ICOs Have Failed Already

found at
https://news.bitcoin.com/46-last-years-icos-failed-already/
on 2018-02-23 08:30:43

It has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a […]
The post 46% of Last Year’s ICOs Have Failed Already appeared first on Bitcoin News.

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Crypto-Backed SALT Claims $1.3 Billion Backlog, Suspends New Memberships

Crypto-Backed SALT Claims $1.3 Billion Backlog, Suspends New Memberships

found at
https://news.bitcoin.com/crypto-backed-salt-claims-1-3-billion-backlog-suspends-new-memberships/
on 2018-02-23 07:01:13

Secured Automated Lending Technology (SALT) has an enviable problem if its recent Medium post is to be believed. The membership-based crypto-as-collateral loan platform has declared “a demand of over $1.3b in loan requests” is forcing it to suspend “new membership registrations, loan requests, and purchases of SALT.” Also read: How To Regain Control From Nanny Zuck […]
The post Crypto-Backed SALT Claims $1.3 Billion Backlog, Suspends New Memberships appeared first on Bitcoin News.

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France Cracks Down on Bitcoin Derivatives

France Cracks Down on Bitcoin Derivatives

found at
https://news.bitcoin.com/france-cracks-down-on-bitcoin-derivatives/
on 2018-02-23 05:00:46

Autorité des marchés financiers (AMF), the independent regulatory body governing France’s stock market, issued two statements today, one on initial coin offerings (ICOs) and another on the prospect of bitcoin derivatives. Both point to more oversight to come for crypto in France, including everything from formal authorizations to a ban on advertisements.   Also read: How […]
The post France Cracks Down on Bitcoin Derivatives appeared first on Bitcoin News.

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Centralized Cryptoruble Not Possible, Minister Tells Putin

Centralized Cryptoruble Not Possible, Minister Tells Putin

found at
https://news.bitcoin.com/centralized-cryptoruble-not-possible-minister-tells-putin/
on 2018-02-23 03:30:23

The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.   Also read: Russian Authorities Criticized over […]
The post Centralized Cryptoruble Not Possible, Minister Tells Putin appeared first on Bitcoin News.

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California Bill Aims to Recognize Blockchain Records

California Bill Aims to Recognize Blockchain Records

found at
https://news.bitcoin.com/california-bill-aims-to-recognize-blockchain-records/
on 2018-02-23 01:55:14

The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to electronic records that take place within the state.   Also read: Indians […]
The post California Bill Aims to Recognize Blockchain Records appeared first on Bitcoin News.

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Four Arrested Following Taiwanese Crypto Robbery

Four Arrested Following Taiwanese Crypto Robbery

found at
https://news.bitcoin.com/four-arrested-following-taiwanese-crypto-robbery/
on 2018-02-23 00:57:53

Taiwanese police have arrested four men after a bitcoin robbery worth five million Taiwanese dollars (approximately $170,000 USD). The case has been described as the first of its kind in Taiwan by authorities. Also Read: Bungling Bitcoin Thieves Foiled by Quick-Witted Trader  Taiwanese Trader Loses 18 Bitcoins in Robbery A bitcoin trader with the surname of […]
The post Four Arrested Following Taiwanese Crypto Robbery appeared first on Bitcoin News.

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Russia to ?Tame and Test? Crypto Technologies in Crimea

Russia to ?Tame and Test? Crypto Technologies in Crimea

found at
https://news.bitcoin.com/russia-tame-test-crypto-technologies-crimea/
on 2018-02-22 23:59:31

A proposal to “tame” crypto technologies in Crimea has been made in Russia’s parliament this week. A local representative of the Russian Association of Cryptocurrencies and Blockchain told deputies the republic’s jurisdiction can be used to “test the new phenomenon”. RACIB has been working on a roadmap to implement the “Crypto-Crimea” plan and set up […]
The post Russia to “Tame and Test” Crypto Technologies in Crimea appeared first on Bitcoin News.

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Venezuela Orders Government Services to Accept Any Cryptocurrency

Venezuela Orders Government Services to Accept Any Cryptocurrency

found at
https://news.bitcoin.com/venezuela-orders-government-services-to-accept-any-cryptocurrency/
on 2018-02-22 22:55:21

Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders […]
The post Venezuela Orders Government Services to Accept Any Cryptocurrency appeared first on Bitcoin News.

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Australia?s Consumer Watchdog Received 1289 Crypto Complaints in 2017

Australia?s Consumer Watchdog Received 1289 Crypto Complaints in 2017

found at
https://news.bitcoin.com/australias-consumeaustralias-consumer-watchdog-received-1289-crypto-complaints-in-2017r-watchdog-received-1289-crypto-complaints-2017/
on 2018-02-22 21:35:24

The Australian Competition & Consumer Commission (ACCC) has revealed that it received more than 1,200 complaints relating to cryptocurrencies via its ‘Scamwatch’ portal during 2017. In light of the number of complaints, the Australian Securities and Investments Commission (ASIC) has issued a warning to potential investors outlining the risks associated with cryptocurrency investment. Also Read: Tesla […]
The post Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017 appeared first on Bitcoin News.

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Spokesperson Confirms Bitfinex Is Client of ING

Spokesperson Confirms Bitfinex Is Client of ING

found at
https://news.bitcoin.com/spokesperson-confirms-bitfinex-is-client-of-ing/
on 2018-02-22 20:55:21

Major Dutch financial services company, ING, has confirmed that Bitfinex holds an account with the company in the Netherlands. The bank issued a statement regarding its relationship with Bitfinex after Dutch-language website Follow the Money published a report revealing that ING is providing financial services to Bitfinex last week. Also Read: Independent Ratings Agency Alerts Investors […]
The post Spokesperson Confirms Bitfinex Is Client of ING appeared first on Bitcoin News.

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Markets Update: BTC Prices Dip Below $10K

Markets Update: BTC Prices Dip Below $10K

found at
https://news.bitcoin.com/markets-update-btc-prices-dip-below-10k/
on 2018-02-22 19:54:56

BTC prices and a vast majority of other cryptocurrencies have taken a significant dive over the past 24-hours as the entire crypto-economy shaved $75Bn from its recent highs this week. BTC/USD markets dropped to a low of $9,730. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media Crypto-Markets See Losses Between 3-20 Percent […]
The post Markets Update: BTC Prices Dip Below $10K appeared first on Bitcoin News.

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FBI Arrests Exchange Operator for Lying About 6000 Bitcoin Hack

FBI Arrests Exchange Operator for Lying About 6000 Bitcoin Hack

found at
https://news.bitcoin.com/fbi-arrests-exchange-operator-for-lying-about-6000-bitcoin-hack/
on 2018-02-22 18:55:49

Jon E. Montroll, a 37 year old from Texas, is now facing up to 30 years in jail for perjury and obstruction of justice. The operator of Weexchange and Bitfunder is accused of repeatedly lying to the SEC under testimony in an effort cover up massive client losses after being hacked.  Also Read: US Federal […]
The post FBI Arrests Exchange Operator for Lying About 6000 Bitcoin Hack appeared first on Bitcoin News.

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Robinhood Starts Rolling Out Cryptocurrency Trading Today

Robinhood Starts Rolling Out Cryptocurrency Trading Today

found at
https://news.bitcoin.com/robinhood-starts-rolling-out-cryptocurrency-trading-today/
on 2018-02-22 17:55:30

Robinhood has finally launched today its highly anticipated crypto trading for bitcoin and ethereum, allowing its now 4 million investors to trade cryptocurrencies alongside stocks, ETFs, and options on the same platform. The feature is being gradually rolled out to people residing in five American states. Also Read: Bug at Japanese Government-Approved Zaif Exchange Let Users […]
The post Robinhood Starts Rolling Out Cryptocurrency Trading Today appeared first on Bitcoin News.

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20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

found at
https://news.bitcoin.com/south-korean-cryptocurrency-exchanges-evaluations/
on 2018-02-22 17:25:58

Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain […]
The post 20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations appeared first on Bitcoin News.

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Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments

Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments

found at
https://news.bitcoin.com/russian-lawmaker-proposes-legalization-cryptocurrencies-attract-investments/
on 2018-02-22 16:30:48

The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Proposal to Legalize Cryptocurrencies The chairman of the State Duma Committee for Economic Policy, Sergey Zhigarev, proposed the […]
The post Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments appeared first on Bitcoin News.

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Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin

Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin

found at
https://news.bitcoin.com/bug-at-japanese-government-approved-zaif-exchange-let-users-get-free-bitcoin/
on 2018-02-22 15:33:52

Have you ever dreamed about buying bitcoin for only $1,000, $100 or even just $10? What about a round at $0? Some fast and sharp eyed customers of the Japanese exchange Zaif had this opportunity just last week thanks to a bug in the system. The company isn’t going to let them get away with […]
The post Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin appeared first on Bitcoin News.

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