New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation

A new report published by the New York Attorney General’s office on September 18 says that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The report represents the results of the “Virtual Markets Integrity Initiative” launched in April, when New York Attorney General Eric T. Schneiderman sent letters to thirteen crypto exchanges, requesting information on their operations, internal controls and other key issues. The move was taken in order to provide average investors with a better understanding of the risks and protections associated with cryptocurrency…

SEC Shouldn’t Hold Back in Approving Crypto Products

The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products on top of the markets. She explained: “The Commission should not default to a demand that the crypto markets be subject to comprehensive government regulation as a precondition to allowing products linked to those markets…

German Frankfurt School to Issue Blockchain-Based Course Certificates

The Frankfurt School of Finance & Management (FS) in Germany will now offer students the ability to prove their qualifications using blockchain technology, Cointelegraph auf Deutsch reported September 17. As part of a pilot program, graduates of one of FS’ courses on blockchain technology will be able to prove their successful completion of the course with a certification stored on a blockchain itself. For the pilot project, FS is working with Consensys, one of the leading software companies in the blockchain field. Consensys has developed a decentralized app (DApp) for…

US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100 trillion, and ostensibly it seems like a positive development for US markets. But, in comparison to the stagnation in actual US household income, it is quite evident that the rapid growth rate of US household…

UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry

The U.K. government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry, Finance Feeds reports September 18. Lord Taylor of Warwick is reported to have asked “Her Majesty’s Government what assessment they have made of reports that the value of cryptocurrencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry.” Lord Bates, the Minister of State at the Department for International Development, is said…

The marriage between crypto and community journalism

A conversation with Manoush Zomorodi, host of the podcast ZigZag, a crypto and blockchain explainer As a podcaster, journalist, and generally curious person, Manoush Zomorodi has made a career out of examining the intersection of technology and human behavior. The former host and creator of WNYC’s Note to Self, a “tech show about being human,” Zomorodi decided to leave her job in June 2018, join forces with her producer Jen Poyant and launch ZigZag, a podcast documenting their journey of understanding crypto — and their decision to join Civil Media Company. Over…

Construction of Morocco’s 36 Megawatt Bitcoin Mining Farm to Start in January 2019

A Bitcoin mining company formed from a U.S. private equity firm plans to begin building a 36 megawatt farm in Morocco from January next year, Ars Technica reports Tuesday, September 18. Soluna, the product of New York-based Brookstone Partners, intends to leverage local laws by eventually selling at least 20 percent of its electricity output back to the Moroccan government. The scheme, known as a power purchasing agreement (PPA), will enable the company to establish a foothold in the region with the possibility of expanding sales beyond the border in…

Crypto in Japan | Yen-backed Stablecoin in the Works

Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall. The South China Morning Post reported this morning that Grandshores Technology Group is planning on raising $100 million HK in an initial coin offering to finance a yen-backed digital token. Crypto in Japan “Blockchain will become the mainstream technology in the next three to five…

BTC/USD Hinting Reversal towards $6500

Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked adequate bullish momentum during the Asian trading session. The sentiment began to improve around the mid-European session, right after Ripple started trending upwards against the USD. As a result, BTC/USD formed higher highs towards 6384-fiat,…

EOS Hacks | $250,000 Stolen from EOS Gambling Platforms

Two EOS gambling platforms have been hacked in the last week. An amount totaling $250,000 USD. In the same week, another platform, EOSBet, paid out $600,000 to one user in a claimed ‘jack-pot,’ though some aren’t so sure. What’s going on? What’s with the EOS hacks? EOS Hacks The EOS smart contracts appear to be rather fallible. The first of the EOS hacks happened on DEOSGames. A user named Runningsnail kept winning $1,000 payments over and over again. Over a dozen times actually. Runningsnail would deposit 10 EOS and then win the jackpot 30…