Aussie Crypto Startup Power Ledger Brings P2P Energy Trading to Largest US Market

Aussie Crypto Startup Power Ledger Brings P2P Energy Trading to Largest US Market

News today sees notable blockchain project Power Ledger launching its peer-to-peer trading product for renewable energy. Power Ledger will launch with American PowerNet at their home base in Pennsylvania. Power Ledger Power Ledger is a blockchain-based solution for renewable and cost-effective energy. (Power Ledger also has their own cryptocurrency – POWR token.) According to their… Continue reading Aussie Crypto Startup Power Ledger Brings P2P Energy Trading to Largest US Market

Lawyer: Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Lawyer: Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

According to Kobre & Kim government enforcement defense and securities litigation attorney Jake Chervinsky, the second phase of the US Securities and Exchange Commission (SEC)’s enforcement on crypto is a painful and slow grind for the sector. Earlier this week, the US SEC cracked down on Paragon and AirFox, two initial coin offering (ICO) projects… Continue reading Lawyer: Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Monero: Unsung Crypto Developer Wins Prestigious Award

Monero: Unsung Crypto Developer Wins Prestigious Award

Professor Joseph Liu received an award at the end of October 2018 from the Australian Computer Society (ACS) recognising his recent achievements with the title “ICT Researcher of the Year.” Liu is the creator and development leader of the ring signature algorithm — a crucial technology used in Monero — which he initially conceived of… Continue reading Monero: Unsung Crypto Developer Wins Prestigious Award

Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just… Continue reading Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Litecoin Director Says Crypto Will Be Institutionalized–And That’s OK

Litecoin Director Says Crypto Will Be Institutionalized–And That’s OK

Everyone’s heard of Litecoin. Not to mention its charismatic creator Charlie Lee who sold all his LTC at the end of last year. A surprise move. Yet one that was meant to remove any conflict of interest between his active social media presence and the price of the coin he created. But did you know… Continue reading Litecoin Director Says Crypto Will Be Institutionalized–And That’s OK

New York: DFS Grants BitLicense to Crypto Custodian

New York: DFS Grants BitLicense to Crypto Custodian

The New York Department of Financial Services (NYDFS) has issued a BitLicense to NYDIG Execution LLC, a subsidiary of New York Digital Investment Group (NYDIG LLC). In a statement published this week, the regulator revealed that the crypto custodian had been granted a virtual currency license and a money transmission license. In addition, another NYDIG subsidiary, NYDIG… Continue reading New York: DFS Grants BitLicense to Crypto Custodian

$50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ

$50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ

SALT Lending, a cryptocurrency loan provider who raised tens of millions of dollars during through an initial coin offering (ICO) with support from crypto pioneer Erik Voorhees, has become the latest blockchain firm to attract the attention of US securities regulators. Crypto Loan Provider SALT under SEC Investigation The Wall Street Journal reports that the… Continue reading $50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ

Crisis: After $30 Billion Invested, Most Crypto ICOs Have Nothing to Show

Crisis: After $30 Billion Invested, Most Crypto ICOs Have Nothing to Show

Over the past two years, initial coin offering (ICO) projects in the crypto market have raised more than $30 billion. Yet, most ICO projects have little to show, especially pertaining to user growth, blockchain adoption, and overall user activity on decentralized systems. It Will Only Get Worse A handful of tokens have demonstrated success in… Continue reading Crisis: After $30 Billion Invested, Most Crypto ICOs Have Nothing to Show

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months. As CCN reported on November 16, Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC and… Continue reading How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

$4 Billion Drop: Downtrend in Crypto Market Continues as BCH Falls

$4 Billion Drop: Downtrend in Crypto Market Continues as BCH Falls

Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past… Continue reading $4 Billion Drop: Downtrend in Crypto Market Continues as BCH Falls

Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding

Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding

The amount of money that initial coin offerings attracted in this year’s third quarter fell significantly compared to the second quarter. According to a report by crypto market analysis firm ICORating, the amount that was raised via ICOs from July to September reduced by 48 percent compared to what was raised from April to June… Continue reading Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding

SEC Takes Down Two Crypto Startups for Illegal ICOs

SEC Takes Down Two Crypto Startups for Illegal ICOs

Dutiful CCN readers may recall this journalist’s questioning of the Paragon ICO over a year ago. Paragon responded to that article with legal threats, as noted in the author’s subsequent analysis of the initial coin offering in question. Now that some time has gone by, and the whole market capitalization of Paragon is about a… Continue reading SEC Takes Down Two Crypto Startups for Illegal ICOs

Crypto Startups More Valuable Than Blockchains, Can the Trend Change?

Crypto Startups More Valuable Than Blockchains, Can the Trend Change?

In the crypto bull market of late 2017, when tokens reached a valuation of tens of billions of dollars, blockchain networks comfortably surpassed the valuation of commercial companies in the cryptocurrency ecosystem. At the time, for venture capital investors, direct investments in digital assets and cryptocurrencies seemed substantially more profitable than early-stage funding rounds in… Continue reading Crypto Startups More Valuable Than Blockchains, Can the Trend Change?

Nvidia Grapples With Fallout From Cryptocurrency Miners

Nvidia Grapples With Fallout From Cryptocurrency Miners

At the height of the cryptocurrency boom, when even moms in British Columbia were stockpiling videogame graphics cards to generate digital currency, average gamers couldn’t get their hands on their favored hardware. Prices ballooned and inventory vanished. Those days are over. But inflated prices have taken longer than expected to come down, says Nvidia Corp.,… Continue reading Nvidia Grapples With Fallout From Cryptocurrency Miners

‘I didn’t sleep well last night’: Bitcoin’s slide just the beginning as analysts brace for a 70% drop

‘I didn’t sleep well last night’: Bitcoin’s slide just the beginning as analysts brace for a 70% drop

Bitcoin’s no longer boring.After months of tranquility that became the envy of equity investors, The biggest cryptocurrency roared back into the public consciousness this week with the biggest sell-off since August, another fork and a cameo in a major semiconductor earnings report. Some digital asset industry pundits have already begun referring to it as the… Continue reading ‘I didn’t sleep well last night’: Bitcoin’s slide just the beginning as analysts brace for a 70% drop

Court: Crypto Shill John McAfee Liable for Neighbor’s 2012 Death

Court: Crypto Shill John McAfee Liable for Neighbor’s 2012 Death

John McAfee, cryptocurrency enthusiast, presidential aspirant, and millionaire founder of the near-ubiquitous McAfee Antivirus, has been found legally liable for the death of his former neighbor, Gregory Faull, who was found dead with a gunshot wound to his head back in 2012, the Register reports. The final verdict was reached in a US district court in… Continue reading Court: Crypto Shill John McAfee Liable for Neighbor’s 2012 Death

Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge

Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge

The cryptocurrency market is an exciting one, but it’s also unpredictable — and when things go south, they take related businesses with them. Nvidia, a hardware giant that has been riding the cryptocurrency wave, saw its stock price take a double-digit hit as it reported vanishing demand for GPUs specializing in crypto-mining. It’s been a… Continue reading Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge

Twitter says the Bitcoin scam wave came from third-party app

Twitter says the Bitcoin scam wave came from third-party app

Twitter has confirmed the series of cryptocurrency-related hackings on its platform originated from a third-party software provider – and not its own system. In an email to Hard Fork, a Twitter spokesperson confirmed attackers exploited a third-party marketing solution to blast fake Bitcoin BTC giveaway links from a slew of verified accounts, including Google and… Continue reading Twitter says the Bitcoin scam wave came from third-party app

The Bitcoin Cash hash war has no real winners

The Bitcoin Cash hash war has no real winners

Yesterday, the Bitcoin Cash BCH (BCH) blockchain split in two separate networks, each kicking off a new cryptocurrency. Now that Bitcoin Cash has forked into two rivalling cryptocurrencies – BAB, maintained by Bitcoin-ABC, and BSV, maintained by Craig Wright’s nChain – it remains to be seen which network will surface as the dominant chain. But… Continue reading The Bitcoin Cash hash war has no real winners

Blockchain hard forks explained as quickly as possible

Blockchain hard forks explained as quickly as possible

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Cryptocurrency forks are as inevitable as death and taxes. You might have seen recent news detailing the contentious Bitcoin Cash hard fork, and be wondering what a fork actually is. While… Continue reading Blockchain hard forks explained as quickly as possible

‘Crypto Hangover’ Affects Nvidia’s Revenue Growth for Q3 2018

‘Crypto Hangover’ Affects Nvidia’s Revenue Growth for Q3 2018

Nvidia Corp., one of the biggest manufacturers of chips for computer graphics cards, gave their sales forecast on Thursday, November 15, 2018, revealing the loss of demand that happened as a result of the decrease in cryptocurrency mining.  According to the financial results for the third quarter of the 2018 fiscal year. The California-based company’s stock… Continue reading ‘Crypto Hangover’ Affects Nvidia’s Revenue Growth for Q3 2018