Blockcoin Today: Cryptocurrency & Blockchain News Roundup

Blockcoin Today provides cryptocurrency and blockchain news

Blockcoin Today: Cryptocurrency & Blockchain News Roundup

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Here’s a quick roundup of important cryptocurrency and blockchain news that came across our desk this week. Curated and easily accessed for your weekend reading pleasure.

CRYPTOCURRENCY NEWS HIGHLIGHTS

 

bitcoin news roundupJapanese Crypto Exchange Zaif Loses Nearly $60M To Hackers

At the same time, the New York State Attorney General issued a 42-page report with concerns about cryptocurrency exchange security and investor protection, Japanese cryptocurrency exchange Zaif was hacked for $59.7 million earlier this week. Read more…

Bitcoin Core Vulnerability Would Have Allowed Miners to Inflate the BTC Supply

A newly patched vulnerability in Bitcoin Core was far more severe than initially revealed, developers disclosed in an updated statement on Thursday. Read more…

Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip

Bitmain announced that it had developed a new 7nm application-specific integrated circuit (ASIC) mining chip for the SHA256 algorithm used by bitcoin, bitcoin cash, and many other cryptocurrencies. Read more…

cryptocurrency exchange security riskCryptojacking is up 459% in 2018, and it’s the NSA’s Fault

A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and Monero. Read more…

Cryptocurrency market set to bounce back: Michael Novogratz

The cryptocurrency market has hit the bottom, setting the stage for a bounce-back of units like the bitcoin, according to Michael Novogratz, founder of cryptocurrency asset management firm Galaxy Digital Capital Management. Read more…

Tim Draper Maintains $250k Bitcoin (BTC) Price Prediction

Tim Draper, a venture capitalist, and well-known cryptocurrency proponent claimed that the total value of all crypto assets would reach a staggering $80 trillion over the next 15 years.  Read more…

Kraken, Binance, Gate.Io Under NY State Regulatory Scrutiny

New York State Attorney General Barbara Underwood’s office today released findings from a report looking into the “integrity” of cryptocurrency exchanges that are accessible to New York residents. Read more…

Lambos, Bling and Mansions — What Purchases Do Crypto Millionaires Make

With Bitcoin’s 10th birthday just around the corner, it’s worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC. Read more…

What Exactly Happened To Ripple (XRP) On Friday, September 21st?

Friday, September 21, 2018, will remain in the books of history as the one day that a cryptocurrency went wild. The crypto in question is Ripple’s XRP, and people are still wondering what could have brought about such a huge price bounce for a cryptocurrency that spent the better part of the year struggling to keep its head up. Even more interesting is the fact that the whole price spike thing happened within 24 hours.  Read more…

The crypto fatigue is real

I’m tired of bad ICOs with dead GitHub repos, fake partnerships, announcements of announcements to come (hey, Justin), and ‘utility’ tokens whose only utility is being tradable on a shady exchange (on which a sizable portion of the ICO funds was spent to get listed in the first place). Read more…

 

BLOCKCHAIN NEWS HIGHLIGHTS

 

blockchain newsRipple Signs Top-10 Bank PNC For Instant International Payments

Pittsburgh-headquartered PNC Financial Services Group Inc’s treasury management division will use Ripple’s xCurrent technology to provide its business clients with faster international payments. Read more…

Switzerland Makes It Easier for Blockchain Companies to Open Bank Accounts

Switzerland is making it easier for blockchain startups to access traditional financial services after several projects decided to leave the country over strict banking laws. The new guidelines are part of a wider initiative to help Switzerland maintain its status as the epicenter of cryptocurrency innovation. Read more…

South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Read more…

blockchain in AsiaHong Kong Exchange Said to Eye Tech Assets in New Strategy

The owner of Hong Kong’s stock exchange, after years of pinning its growth plans to the city’s tighter integration with China, is changing tack and eyeing technology acquisitions, people with knowledge of the matter said. Read more… 

Singapore is the crypto sandbox that Asia needs

Singapore Blockchain Week happened this past week. While there have been a few announcements from companies, some of the most interesting updates have come from regulators, and specifically, the Monetary Authority of Singapore (MAS). The financial regulator openly discussed its views on cryptocurrency and plans to develop blockchain technology locally. Read more…