Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1
Since tether lost parity with the U.S. dollar, its supply has dropped by a quarter as tokens flow back to the issuing company’s “treasury” wallet.
SEC Suspends Trading of Company Making Fake Claims Relating to Cryptos
The U.S. Securities and Exchange Commission (SEC) has suspended trading of a company who, it has emerged, has made untrue claims about its cryptocurrency usage. American Retail Group, Inc. had falsely stated that it was working with a digital asset custodian provider that had received the regulators’ blessing and that its ICO had also been […]
Ethereum Token BAT Continues Breakneck Rally, up 56% This Week
Ethereum token BAT continued its dramatic week-long ascent on Monday, bolstered by positive fundamentals related to its role in Brave’s web browser ecosystem and speculation that the cryptocurrency will soon be listed on Coinbase. BAT (short for Basic Attention Token) increased 14 percent against the dollar on Monday, briefly eclipsing $0.30 before settling down to […]
Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws
The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws. The report specifies that most crypto assets are covered by the Unfair Commercial […]
Forbes Launches Crypto Portal, Partner Trade.io Hacked for $7.5 Million in Crypto
Forbes Media today launched the beta version of it Forbes CryptoMarkets, in partnership with investment firm NewCity Capital and Trade.io, which suffered a hack that resulted in $7.5 million in cryptocurrency tokens being stolen from a cold storage wallet. Forbes Launches CryptoMarkets Data Portal for Tracking Crypto Prices Media powerhouse Forbes Media LLC, has unveiled a […]
Bitmain Releases Overt AsicBoost Firmware for Antminer S9
Bitmain has finally released its firmware for the popular Antminer S9 to enable what is called “overt AsicBoost.” In a recent blog post, Bitmain explains their rationale for the firmware release, citing that they originally “decided against activating this mathematical function in mining hardware” due to the “uncertainty surrounding the use of AsicBoost.” Bitmain previously […]
Bitcoin Futures Could Go Live on ICE’s Crypto Trading Platform in December
The new Bakkt exchange will list bitcoin futures in December, pending regulatory approval.
ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot
ABN AMRO has partnered with Samsung SDS and the Port of Rotterdam for a blockchain pilot aimed to bring new efficiencies to container-based trade.
Bitcoin News Summary – October 22, 2018
The post Bitcoin News Summary – October 22, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. US investment giant Fidelity, which has over $7 trillion under management, announced its new crypto custody and order execution service, Fidelity Digital Asset Services. Fidelity aims to make Bitcoin trading […]
Bitcoin ATM Firm Not Liable for Scam Victim’s Losses: Canadian Judge
A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred. The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to get back the C$62,500 she sent using […]