Business

Can Crypto Record a 1,000x Return and Reach $200 Trillion Market Cap?

[ad_1] Last week, statements from Binance CEO Changpeng Zhao (aka CZ) and Ethereum co-creator Vitalik Buterin led the community to speculate on the possibility of the crypto market achieving a 1,000 return in value in the long-term.On Sept. 8, Buterin stated with the awareness of cryptocurrencies by the general public and mainstream reaching a peak in late 2017, it is unrealistic for the valuation of the crypto market to increase
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Australian Financial Regulator Issues Warning on ‘Misleading’ ICOs

[ad_1] Australian financial watchdog, the Australian Securities and Investments Commission (ASIC), has issued a warning on “misleading” Initial Coin Offerings (ICOs) and crypto-asset funds targeted at retail investors.The document was published Thursday, September 20, on ASIC’s official website.According to the release, ASIC has stopped five different ICOs from raising capital since April 2018. This was done due to the lack of appropriate investor protection measures on part of the fundraisers
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Crypto Thefts Have Tripled This Year, Totalling $540 million So Far

[ad_1] Japan’s National Police Agency has revealed that a staggering 60.503 billion yen ($540 million) worth of crypto was stolen in the first six months of 2018, Asahi Shimbun reports September 20.The agency is said to have stated that the number of reported incidents involving crypto thefts has hit 158 over the course of the first half of this year, triple the number of incidents reported for the same time
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Ripple Soars as Wider Crypto Markets See Flush of Green

[ad_1] Thursday, September 20: virtually all of the large-market-cap cryptocurrencies are in the green today, posting solid gains across the board, as data from Coin360 data shows.Market visualization from Coin360After a volatile week, Bitcoin (BTC) rebounded past the $6,400 mark yesterday night, hitting as high as $6,450 before correcting slightly and then trading sideways to seal its current trading price of $6,410. Bitcoin’s 24-hour growth is at 1.8 percent, according
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Coinbase Issues Statement Clarifying It Doesn’t Engage in Proprietary Trading

[ad_1] Major U.S. crypto wallet provider and exchange service Coinbase has refuted “inaccurate” media reports that the platform engages in proprietary trading, in an official statement published Thursday, September 20.According to Coinbase, media coverage has “inaccurately characterized” the results of the New York Virtual Markets Integrity Report, to which Coinbase had voluntarily contributed information about its practices by participating in a Virtual Markets Integrity Initiative Questionnaire.Coinbase yesterday cited the report,
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Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000

[ad_1] Bitcoin Core has released an update following the recent detection of a vulnerability in the software, according to a September 18 press release by the Bitcoin Core Project. According to the statement, Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability.The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the
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EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October

[ad_1] Software giant Microsoft has requested European Union (E.U.) approval of its $7.5 billion acquisition of web-based hosting service GitHub, Reuters reported September 17. According to Reuters, Microsoft filed the request last Friday, and the decision will be made by October 19.GitHub is an open-source coding website, a repository which hosts developers’ source code projects in a number of different programming languages and keeps track of any changes made. In
Business

Huobi Joins Russian Financial Services Platform to Share Notes on Crypto Regulation

[ad_1] Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation, according to a fund’s press release published Wednesday, September 19.According to Crunchbase, the VEB Innovation Fund was created in 2011 to invest in Russian high-tech startups and to promote local innovations in the global market. The Center of Digital Transformation, where Huobi is now a resident, was created by VEB to promote blockchain and
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Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

[ad_1] The head of the financial regulator of the United Arab Emirates (UAE) capital Abu Dhabi wants “proper” international regulation of cryptocurrency, local news outlet The National reports Wednesday, September 19.Speaking during an interview at this week’s Fintech Abu Dhabi event, Richard Teng, head of the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), claimed that loss and theft of cryptocurrency negatively impacts its image as an
Business

Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency

[ad_1] A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so.Cars and climate changeRoad vehicles such as cars, trucks and motorcycles are the largest contributors of CO2 emissions in the transport sector, overshadowing that of trains, planes and boats. In the United Kingdom, the transport sector is the U.K.’s biggest