Author: Molly Jane Zuckerman

Crypto Markets Continue Experiencing Slump, BTC Dips Below $10,000

Crypto markets have continued their slump, with Bitcoin (BTC) briefly dipping below $10,000 today, Feb. 22, and altcoin Ethereum (ETH) edging closer to $800, according to data from CoinMarketCap. Total market cap is down as well, around $430 bln by press time, down from last week when it broke $500 bln. Bitcoin is currently trading a little over $10,000, down almost 7 percent over a 24-hour period by press time. Cointelegraph reported Wednesday that Bitcoin’s tolerance had seen a monthly high of 34.9 percent, a high barely broken today with CoinMarketCap data showing a 39.5 percent BTC dominance. Ethereum...

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Bitcoin Developer Jimmy Song To Train And Pay Bitcoin Devs In ‘Platypus Labs’

Jimmy Song, Bitcoin developer and venture partner at Blockchain Capital, has announced a new initiative called Platypus Labs, designed to educate and compensate Bitcoin (BTC) cryptocurrency developers. Platypus Labs will focus on training developers to specifically work with Bitcoin Core, but it could eventually expand to covering developing other altcoins. Blockchain Capital will be funding the education endeavor, as Song sees their position in the Blockchain “ecosystem” as “having a connection to a lot of different companies while maintaining independence.” As to where the inspiration came from for Platypus Labs, Song told Cointelegraph, “Part of my joining Blockchain Capital...

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French Watchdog Says ‘Crypto Derivatives’ Must Be Regulated, Can’t Be Advertised Online

French stock market regulator Autorite des Marches Financiers (AMF) released a statement Thursday, Feb. 22, that cryptocurrency derivatives must be regulated under the European Union’s new Jan. 2018 financial reforms. As derivatives cannot be legally advertised electronically, the AMF also states that online advertisements for cryptocurrency derivatives are not permitted. AMF refers to the new version of the Markets in Financial Instruments Directive (MiFID 2), whose framework lays out the derivatives that must be regulated, like options, futures, swaps or forwards, as well as a list of corresponding underlying assets. The AMF began an inquiry into the legal definition...

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Indian Software Firm, Canadian Research Institute Partner To Promote Blockchain In India

India’s National Association of Software and Services Companies (NASSCOM) signed a memorandum of understanding (MoU) with Canada’s Blockchain Research Institute (BRI) to collaborate on Blockchain education and training in India, tech news outlet CIO reported yesterday, Feb. 22. BRI tweeted a photo of their co-founder, Don Tapscott, signing the MoU alongside Sanjay Tugnait, CEO of consulting firm Capgemini Canada, and Sangeeta Gupta, VP for NASSCOM: BRI co-founder and Executive Chairman @dtapscott signed an MoU with @nasscom to help foster #blockchain innovation in India. pic.twitter.com/Mqc6tT1NFZ — Blockchain R.I. (@blockchainRI) February 21, 2018 NASSCOM and BRI together will establish the Centre...

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UK Treasury Committee To Examine Crypto’s Effect On UK Businesses, Investors

The Treasury Committee of the UK Parliament will be launching an inquiry into cryptocurrencies and their effect on UK investors and businesses, BBC reports today, Feb. 22. The inquiry was prompted by the rising global interest in cryptocurrencies, as well as the recent rise and fall of the crypto market since the new year. Nicky Morgan, chair of the Treasury Committee, told BBC that she wants to protect individuals that “may not be aware that [cryptocurrencies] are currently unregulated in the UK,” but doesn’t want to hinder innovation of the Blockchain technologies behind digital currencies. Morgan told BBC: “The...

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After Releasing Oil-Backed Petro, Venezuelan President Hints At Gold-Backed ‘Petro Oro’

After the launch of the Venezuelan government-backed cryptocurrency the Petro on Feb. 20, President Nicolas Maduro has already hinted at second government cryptocurrency soon to be released, according to government-sponsored news outlet TelSsur. This time, the government-backed cryptocurrency will be backed not by oil, but by gold. During a Patria Para Todos [Fatherland For All] party event at the National Theater in Caracas, Maduro announced, “The petro is a cryptocurrency unique in the world that is supported by oil, and I have a surprise that I will launch next week, the Petro Oro [gold], backed by gold, even more...

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Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, is at a monthly highly today of around 39.4 percent, corresponding with the recent sharp drop in Bitcoin transaction fees. A year ago today, BTC had about 86 percent market dominance, a figure that has been falling on average ever since, despite its short...

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‘Zen Master’ Steven Seagal Confirms He Is Face Of New ‘Superior’ Coin Bitcoiin2Gen

“Zen Master” and Hollywood actor Steven Seagal has announced that he is the new brand ambassador for Bitcoiin2Gen (B2G), a new cryptocurrency that claims to be a “superior or more advanced version of [Satoshi Nakamoto’s] Original Bitcoin”, in a tweet Feb. 20. Bitcoiin2Gen published a press release on Feb. 12 announcing that due to Seagal’s beliefs that “the development of the physical self is essential to protect the spiritual man,” the actor is “obvious as brand ambassador” for the new cryptocurrency, adding emphatically: “Steven Seagal has become a believer of Bitcoiin2Gen.” Bitcoiin2Gen uses the Ethereum Blockchain and a P2P...

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Coinbase And Bitfinex Integrate Bitcoin Scaling Upgrade SegWit

Crypto exchange platforms Coinbase and Bitfinex both announced yesterday, Feb. 20, that they are now ready to implement the Segregated Witness (SegWit) scalability upgrade for Bitcoin (BTC). Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to all customer by mid-next week.  Bitfinex announced an already functioning rollout of SegWit to all customers trading in BTC. Our engineering team has finished testing of SegWit for Bitcoin on Coinbase. We will be starting a phased launch to customers over the next few...

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Tesla Cryptojacked, Hackers Use Passwordless System To Mine Crypto

Cloud security intelligence (CSI) firm RedLock has exposed a new case of cryptojacking targeting Tesla’s Amazon Web Service’s (AWS) software container, the RedLock blog reported yesterday, Feb. 20. Hackers accessed Tesla’s AWS access credentials by penetrating a non-password protected Kubernetes software container. The hackers then used the Kubernetes container to mine for cryptocurrencies, for an as of yet unknown amount of time. RedLock’s CSI team exposed a similar hack of AWS for Bitcoin (BTC) mining purposes at companies Aviva and Gemalta in October of last year. These companies, like Tesla, did not have passwords for their admin consoles. The...

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