New research reveals the scope of crypto pump-and-dump schemes. The Social Science Research Network (SSRN) recently published research studying the phenomenon of pump-and-dump groups within the crypto community. The paper — conducted by seven academics from Tel Aviv University, the University of Tulsa and the University of Mexico — concluded that “regulators should be very… Continue reading Pump-and-Dump Groups Become ‘Widespread’ as Market Remains Largely Unregulated
Category: Blockchain
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Ethereum Co-Founder Calls ‘the Cryptobottom of 2018’
Joseph Lubin, Ethereum’s co-founder, has declared we have reached “the cryptobottom of 2018” in a recent tweet. Joseph Lubin, co-founder of major cryptocurrency Ethereum (ETH), declared that he is “calling the cryptobottom of 2018” in a tweet Dec. 21. According to Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty,… Continue reading Ethereum Co-Founder Calls ‘the Cryptobottom of 2018’
Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price… Continue reading Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Parity Launches Beta Version of Tool Stack for Building Blockchains
U.K.-based blockchain infrastructure firm Parity launched a beta version of its tool Substrate, with which users can create customized blockchains. United Kingdom-based blockchain infrastructure provider Parity has launched a beta version of Substrate, its tool for creating customized blockchains, according to a press release published Tuesday, Dec. 18. The release states that Substrate is designed… Continue reading Parity Launches Beta Version of Tool Stack for Building Blockchains
Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto
Binance crypto exchange CEO Changpeng Zhao said that 2018 is a “correction year” for cryptocurrencies. Changpeng Zhao called 2018 a “correction year” for crypto currencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year,… Continue reading Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto
Following $120 Million Funding Round, Waves Token Price Jumps Over 30%
Global blockchain platform Waves raised $120 million in a private funding round for its new project called Vostok. Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that… Continue reading Following $120 Million Funding Round, Waves Token Price Jumps Over 30%
Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media
The Irish High Court has ruled that a convicted man’s crypto, which was discovered after the initial investigation and sentencing, could be confiscated as “proceeds of a crime.” Ireland’s High Court has ruled that 25,000 euro in cryptocurrency held by a man in prison is considered “the proceeds of a crime,” the Irish Times reported… Continue reading Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media
US Crypto Exchange Coinbase Introduces Digital Asset Conversions
U.S.-based crypto exchange Coinbase has launched direct crypto conversions on its retail trading platform. San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, according to an official statement on Dec. 17. Per the statement, customers will initially be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin… Continue reading US Crypto Exchange Coinbase Introduces Digital Asset Conversions
Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep
A Barclays Intrapreneur said that blockchains should be built with regulatory compliance in mind during a recent industry event. A Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind, tech news website The Next Web (TNW) reported Dec. 14. Speaking at a Hard Fork… Continue reading Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep
Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO
Stephen Pair, the CEO of BitPay, declared that speculation is a substantial Bitcoin price driver, while “actual utility” is not. The CEO of crypto merchant platform BitPay Stephen Pair stated that speculation on future adoption drives Bitcoin’s (BTC) price more than “actual utility,” in an interview on CNBC Dec. 13. Speaking on the reasons behind… Continue reading Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO