Top South Korean official says the government will announce its official position on ICOs in November, based on the results of recent discussions. South Korean government is “likely” to announce its official position on Initial Coin Offerings (ICOs) in November. A local business newspaper The Investor reported this on Thursday, Oct. 11, citing a “top…
Report: Harvard, Stanford, MIT Endowments All Invest in Crypto Funds
Harvard, MIT and Stanford are reportedly among several prestigious U.S. universities that have made investments into “at least” one cryptocurrency fund. Multiple Ivy League and other prestigious U.S. universities are said to have made investments into “at least” one cryptocurrency fund. The report was published by the technology news site Information Wednesday, Oct. 10. Citing…
Want to Meet Your Favorite Celeb? New Platform Backed By Jason Derulo Could Make it Happen
sponsored A blockchain-based platform backed by Jason Derulo, Manny Pacquiao, and Michael Owen aims to allow fans to engage with celebrities in new ways. A platform enabling celebrities to “cryptonize” their popularity on an exchange powered by blockchain, while giving fans the opportunity to connect and engage with their idols in new ways, has attracted…
Crypto Markets See Sharp Drop-Off on the Day, Bitcoin Dips Below $6,300
Crypto markets see a sharp decline, Bitcoin dipped below $6,300 with Ethereum nearing the $200 mark Wednesday, Oct. 10: Crypto markets have suffered a sharp decline within an hour, with Bitcoin (BTC) plunging below the $6,300 threshold, and the top altcoin Ethereum (ETH) nearly touching $200. According to CoinMarketCap, virtually all the top 100 cryptocurrencies…
Crypto Exchange YoBit Starts Pump Scheme on Random Coins
Russian crypto exchange YoBit tweeted that it will pump the price of 10 random coins. Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. 10 tweet. A pump and dump scheme is a form of fraud that attempts to artificially boost the price of an asset through…
Annual List of China’s Richest Includes Crypto Entrepreneurs
China’s Hurun Research Institute has released a catalogue of the richest individuals in the country, listing cryptocurrency entrepreneurs among others. The annual Hurun China Rich List, a catalogue of individuals in the country with a net worth over 2 billion yuan ($209 million), has listed several crypto entrepreneurs among China’s financial elite, according to a…
Study: Bitcoin Whales Are Not Responsible for Volatility
A recent study by Chainalysis states that Bitcoin whales do not make markets more volatile. A new study by blockchain research firm Chainalysis shows that Bitcoin (BTC) whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion. BTC whales are…
Hacked Japanese Crypto Exchange Zaif Releases Financial Support Plan for Customer Assets
Hacked Japanese crypto exchange Zaif has announced its business plan with Fisco to provide financial support for affected customers’ assets. Hacked Japanese cryptocurrency exchange Zaif has announced an official plan to provide financial support for affected customers’ assets, in an official notice posted today, October 10. As previously reported, the exchange suffered a security breach…
Brazil Tops List of Cryptojacking Coinhive Victims, Iranian Cybersecurity Authority Warns
Iranian cyber researchers have delivered statistics about Coinhive malware infections worldwide, with Iran ranking fourth place. The highest number of recorded incidents of Coinhive cryptojacking software have taken place in Brazil, Iran’s country’s cybersecurity authority revealed in a report Monday, October 8. According to the Iranian authority’s report on malware in 2017, Brazil, the country…
One Blockchain to Rule Them All: Congressmen’s Mission to Define the Technology
What “Blockchain Promotional Act 2018” might mean for the US industry. Last week, two US lawmakers introduced a bill dubbed the “Blockchain Promotional Act 2018” in the House of Representatives. Its main purpose is to establish a common definition of ‘blockchain’ technology along with a blockchain working group that would potentially overview studies for federal…