Bitcoin BCH Hash War Will be Decided by Sustained
With the Bitcoin BCH network upgrade on November 15, a hash war has begun with miners voting between Bitcoin SV and Bitcoin ABC - two competing implementations of the BCH protocol. As fully expected, Bitcoin ABC appeared to take a temporary lead on the...
First ICO Fraud Case Ends in Guilty Plea
The first fraud prosecution involving initial coin offerings ended in a guilty plea when a New York man admitted lying to about 1,000 investors. Maksim Zaslavskiy, 39, told a judge he sought to raise money for two ICOs backed by investments in real estate and...
Cryptocurrency Miner Canaan Lets Hong Kong IPO Application Lapse
Canaan Inc, one of the world’s leading cryptocurrency mining equipment makers, has let its application for a Hong Kong IPO of at least $400 million lapse, casting doubt on the prospects for other Chinese makers of bitcoin mining gear. Canaan’s application lapsed on Thursday six...
Cryptos Are ‘Evil Spawn’ of the Crisis for ECB’s Coeure
“Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea,” the European Central Bank Executive Board member said at the Bank for International Settlements in Basel.
Coeure traced cryptocurrencies’ faults to their origins, noting that Satoshi Nakamoto -- the supposed...
Bitcoin’s Backers Now Want Acceptance from the System they Sought to Supplant
In the aftermath of the global financial crisis, Satoshi Nakamoto — a digital nom de currency — published a white paper laying out his or her vision for an electronic, peer-to-peer currency that could provide an alternative to the failures of Wall Street, the...
Malaysia’s CIMB, Ripple Partner in Cross-Border Payments
Malaysian lender CIMB Group Holdings Bhd. is signing on to the cross-border payments network run by blockchain technology firm Ripple, the two companies said Thursday.
Ripple’s technology will be used in CIMB’s SpeedSend remittance product, according to a joint press release. SpeedSend is available in...