Posted Date: October 15, 2018
The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the […] The post The Fall of Tether and What It Means for the Cryptocurrency Markets appeared first on Bitcoin News.

Posted Date: October 15, 2018
The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […] The post Fincen Claims Iran Using Crypto to Evade Sanctions appeared first on Bitcoin News.

Posted Date: October 15, 2018
What kind of a world are we living in when bitcoin and tether, two of the stablest currencies in the cryptosphere, break out at the same time? Bitcoin is headed north while tether has taken a tumble in events that are closely linked. Of course, there’s other news in this edition of The Daily, like […] The post The Daily: Tether Sheds Its Peg appeared first on Bitcoin News.

Posted Date: October 15, 2018
Barclays (LSE: BARC) has reportedly scrapped its plan to launch a cryptocurrency trading desk. However, it remain unclear whether the U.K. banking giant is acting under pressure from regulators or for other reasons, such as insufficient demand for crypto-related services from hedge funds. Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a […] The post Report: Barclays Drops Plan for Cryptocurrency Trading Desk appeared first on Bitcoin News.

Posted Date: October 15, 2018
The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision […] The post Korean Government Expected to Announce ICO Stance in November, Official Says appeared first on Bitcoin News.

Posted Date: October 15, 2018
The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking […] The post Church Mining Cryptocurrency Told to Pay Higher Electricity Rates appeared first on Bitcoin News.

Posted Date: October 15, 2018
A report authored by researchers from the Henryk Niewodniczanski Institute of Nuclear Physics has found that Bitcoin is maturing. The report, courtesy of the Polish Academy of Sciences in Krakow, concludes that Bitcoin carries “concrete potential of imminently becoming a regular market” and “an alternative to the foreign exchange.” Also Read: Research: Corporations Fail to Deliver […] The post Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange appeared first on Bitcoin News.

Posted Date: October 15, 2018
On Oct. 12 the Bitcoin Cash developer Chris Troutner published a new shuffling protocol concept called Tokenshuffle, a platform that aims to anonymize BCH transactions. Meanwhile, the Cashshuffle project has recently outlined the platform’s roadmap and accomplishments so far. Over the past few months the focus on bitcoin cash fungibility and tools that make blockchain […] The post Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility appeared first on Bitcoin News.

Posted Date: October 14, 2018
A new report from Greenwich Associates, a provider of market intelligence and advisory services to the financial services industry, tries to answer the question: “Why have the tech and financial industries lagged their own blockchain expectations?” It identifies technical challenges as causing corporations to fail to deliver on the hype they created around a buzzword […] The post Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern appeared first on Bitcoin News.

Posted Date: October 14, 2018
On Oct. 13, ethical hacker “Geocold” followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug. Also read: Mischief-Maker Promises to Livestream a 51% […] The post Hacker Livestreams 51% Attack on Bitcoin Private appeared first on Bitcoin News.