California Takes ‘First Step’ Toward Embracing Blockchain With New Bill

A California Senator’s blockchain bill is advancing in the State Legislature. Senator Bob Hertzberg, a Democrat representing the San Fernando Valley, has introduced a bill that would allow blockchain technology into formal documentation known as a corporation’s articles of incorporation throughout the state of California. Senator Hertzberg presented the bill, dubbed SB 838, to the Senate Banking and Financial Institutions

The post California Takes ‘First Step’ Toward Embracing Blockchain With New Bill appeared first on CCN

‘We Welcome Anonymous Cryptocurrencies’ : US Federal Reserve Breaks Down Bitcoin in New Study

The Federal Reserve Bank of St Louis, one of 12 regional Reserve Banks that make up the United States’ central bank, has conducted a study asking some of the biggest questions in cryptocurrency today – and they may have found some real answers. Their researchers investigated the control structure of various currencies and looked into whether

The post ‘We Welcome Anonymous Cryptocurrencies’ : US Federal Reserve Breaks Down Bitcoin in New Study appeared first on CCN

$330 Million: EIP-999 Stokes Debate Over ETH Frozen by Parity’s Contract Bug

The debate over a controversial Ethereum Improvement Proposal (EIP) designed to restore a self-destructed smart contract holding hundreds of millions of dollars worth of ETH is heating up. EIP-999, written by Parity Technologies developer Afri Schoedon, calls for Ethereum to adopt a software upgrade that patches the UK-based company’s frozen multi-signature wallet contract library, allowing

The post $330 Million: EIP-999 Stokes Debate Over ETH Frozen by Parity’s Contract Bug appeared first on CCN

“Big Bitcoin Heist” Suspect Arrested in Amsterdam, Claims Unlawful Imprisonment

Sindri Thor Stefansson, the alleged mastermind behind the “Big Bitcoin Heist” who fled a low-security Icelandic prison and hopped on a flight to Sweden last week, has been found. But according to Stefansson, he never should have been detained in the first place and was being held based on “police suspicion.” He was reportedly arrested in Amsterdam amid an

The post “Big Bitcoin Heist” Suspect Arrested in Amsterdam, Claims Unlawful Imprisonment appeared first on CCN

Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman

The two most valuable altcoins are most likely “noncompliant securities” under US law, claims a former markets regulator. Gary Gensler, a former head of the Commodity Futures Trading Commission (CFTC), said that he believes Ether and XRP have been issued through unregistered securities offerings and are trading illegally on the hundreds of cryptocurrency exchanges that

The post Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman appeared first on CCN

China Says It Has ‘Safely’ Shuttered ICOs, Cryptocurrency Exchanges

Chinese financial authorities, including the central bank and other regulators, are ramping up their broad crackdown on illegal fundraising activities. In a news conference in Beijing on Monday, Chinese authorities said they will keep a close watch on interest rates charged by companies and financial firms in the private sector to increase their scrutiny on

The post China Says It Has ‘Safely’ Shuttered ICOs, Cryptocurrency Exchanges appeared first on CCN

Goldman Sachs Hires Crypto Trader to Head Digital Assets Division [But Still Denies it’s Launching Trading Desk]

Goldman Sachs has hired a securities trading veteran to help the firm develop a digital asset strategy, but the investment banking giant continues to deny that it is launching a cryptoasset-focused over-the-counter (OTC) trading desk. According to business news outlet Tearsheet, Goldman Sachs quietly hired Justin Schmidt last week. Schmidt, who now serves as vice

The post Goldman Sachs Hires Crypto Trader to Head Digital Assets Division [But Still Denies it’s Launching Trading Desk] appeared first on CCN

Circle’s OTC Crypto Desk Doubles Minimum Orders to $500,000 While Clearing $100 Million Trades

‘The market is robust.” That’s how Jeremy Allaire, chief executive of fintech startup Circle, described the nascent institutional cryptocurrency trading market, which he says has grown dramatically in 2018 even as prices entered a bear cycle. Speaking with Business Insider, Allaire said that Circle Trade — the company’s over-the-counter (OTC) trading desk  — has doubled

The post Circle’s OTC Crypto Desk Doubles Minimum Orders to $500,000 While Clearing $100 Million Trades appeared first on CCN

Hong Kong and Singapore Prove Safe Havens for ICO Listings

The ban on ICOs in China is sending blockchain startups that are looking to raise funds into the arms of rival Asian regions. In particular, blockchain startups are increasingly flocking to Hong Kong, where there’s more freedom than Mainland China, and Singapore to launch their token sales, according to market participants cited in a report in

The post Hong Kong and Singapore Prove Safe Havens for ICO Listings appeared first on CCN

Bitcoin Cash Price Leaps 19% While Other Large-Cap Cryptos Flounder

The Bitcoin Cash Price leaped by 19 percent on Monday, headlining a tepid market advance which saw most large-cap cryptocurrencies struggle to tread water. After beginning the day at $389.6 billion, the cryptocurrency market cap made a $10 billion advance, briefly crossing the $400 billion threshold before dipping back down to $399.3 billion at the

The post Bitcoin Cash Price Leaps 19% While Other Large-Cap Cryptos Flounder appeared first on CCN