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Bitcoin News Summary – October 15, 2018

The post Bitcoin News Summary – October 15, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.  Major exchange and Tether operator, Bitfinex, has imposed a temporary ban on all fiat deposits....

Report: Barclays Drops Plan for Cryptocurrency Trading Desk

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...

Korean Government Expected to Announce ICO Stance in November, Official Says

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...

Church Mining Cryptocurrency to Pay Higher Electricity Rates

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...

Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange

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...

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility

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...

Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

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...

Hacker Livestreams 51% Attack on Bitcoin Private

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...

The Daily: Robinhood Reaches 25th State, Fake Adobe Crypto Malware

In today’s edition of The Daily we cover stories about Robinhood expanding to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto index fund, and a new blockchain job for a former advisor to president Trump. Also...

‘Too Many Disappointing ICOs’. Crypto Payment Startup Launches With ‘No Funding’ Strategy

sponsored A startup has shunned ICOs and launched a platform designed to make paying in crypto as easy as contactless cards without external funding. The team behind a new cryptocurrency platform designed to transfer the way consumers and businesses are...

Hong Kong’s Security Watchdog to Propose Crypto Regulation, Chairman Says

Hong Kong’s securities and futures commission chairman announces crypto regulation prior to his retirement. Hong Kong’s securities and futures commission (SFC) is planning to introduce crypto regulation to protect investors, the SFC chairman told Hong Kong English-language newspaper the South...

MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring, Sources Say

Payment giants MasterCard and VISA to group crypto and ICO brokers into a new “high risk” category, sources say. Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category,...

Ethereum’s Constantinople Hard Fork Faces ‘Consensus Issue’ in Testing

Recently tested Ethereum hard fork Constantinople has reportedly caused a “consensus issue” on a testnet, which will delay its launch. An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet...

Nouriel “Dr. Doom” Roubini: “99 Percent of Cryptocurrencies are Worth Zero”

An interview with Mr. Roubini about “buggy” smart contracts, Ethereum being a scam, why he might want to give the industry another try The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted...

Crypto Market Keeps Its Balance After Recent Sell-Off, Bitcoin Above $6,300

Crypto markets hold steady after the recent sell-off, most of the top 20 coins by market cap see slight growth, Bitcoin trading above $6,300. Sunday, October 14: crypto markets keep their balance after the recent sell-off this week, with most...

Hodler’s Digest, October 8-14: Ran Neuner Thinks BTC’s Price Will ‘Explode,’ While Research Predicts Market Will ‘Implode’

Roger Ver wants Bitcoin.com to have its own crypto exchange, while CNBC’s Ran Neuner thinks Bitcoin’s price could soon “explode.” Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week....

Why Mastercard’s Multi-Blockchain Might Be a New Step in the Patent Race

What is a ‘subnet’ and how the financial services giant is going to partition a blockchain. On October 9, American financial services giant Mastercard was granted a patent for a method to partition a blockchain so that it can store...

Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.  Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT...

Crypto-Fueled Music Fest Arrives in Berkeley This Month

The city of Berkeley is no stranger to the alternative and experimental. This attitude lives on as UC Berkeley’s Greek Theatre gears up to host Our Music Festival, the first music fest “powered by a cryptocurrency.” The heady California city of...

Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is...