Global: New Hedge Fund Circuit Capital Doubles Down on Cryptocurrency Investing

Despite the ongoing bear market which has come to characterize 2018 for cryptocurrency, one newly developed hedge fund is remaining bullish on the industry. While reports tend to center around the falling price (or sideways trading) of Bitcoin and the larger altcoin market, adoption and development for cryptocurrency is reaching a historic level as the bear market continues. For the founders of Circuit Capital, this represents promising news for the outlook of the industry while also creating the conditions for a market that could be severely undervalued at present–particularly in light of price levels experienced at the beginning of this year and end of last. image via Shutterstock

China: Cryptocurrency Mining Farms Shut Down for ‘Strict’ Tax Inspections

Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day during the period of “rectification.” “Joint enforcement actions examined the mine’s tax information, funds, and customer information,” Cong News reported. “It is understood that the tax inspection of the mine is very strict.” image via Shutterstock

Germany: Crypto Exchange Regulated, Bitcoin.de Acquires 100% Share of Bank Tremmel

Bitcoin Group SE, the holding company behind Bitcoin.de, the only regulated crypto exchange in Germany just announced their acquisition of Bank Tremmel Wertpapierhandelsbank GmbH. The exchange is reported to have acquired 100% share of the bank that focuses on securities trading, which makes them obtain the its banking license. image via Shutterstock

US: Official Google Account Hacked to Promote Bitcoin Scam on Twitter

In the latest in a string of cryptocurrency-related hackings on Twitter, attackers have breached an official Google account to promote a Bitcoin $BTC▼9.2% giveaway scam to its over 800,000 followers. Hard Fork has yet to confirm for how long the tweet remained on G Suite’s feed, but it was no less than 11 minutes (as you can notie on the screenshot. (Update 19:52 UTC, November13: Ernst Mulders, who provided the screenshot above, told Hard Fork the tweet disappeared a couple of minutes after he took the screengrab.) image via Shutterstock

Global: Bitcoin Plummets Below $6,000 to Lowest Level in Over a Year

Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited by the notoriously volatile digital alternative to cash. The world’s largest cryptocurrency tumbled as much as 15 percent, with most of the initial loss coming within a half hour window. It’s the biggest drop since February. Other digital coins slumped, with smaller rivals Ether, Litecoin and XRP dropping more than 17 percent. Bitcoin Cash tumbled as much as 21 percent as the Bitcoin offshoot faces its own split. image via Shutterstock

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Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

China: An error Occurred in the System. OKEx Suspended the Withdrawal of Cryptocurrency and Legal Currency Transactions, and Responded That It Was "All Rumors."

On May 22, OKEx appeared to have a variety of bugs. OKEx then issued a response on the official website and suspended the withdrawal of coins and legal currency transactions. Based on the discussion of users in social media, the main issues are: First, the account showed wrong message. If Party A transfers 10k USDT to Party B, and Party B receives 10k USDT, Party A’s account balance won't decrease. Second, the currency price was wrong. BTC/USDT went down from 8220 to 6002 and then quickly returned to normal level. ETH/USDT went up to 736. OKEx responded and said: "It's all rumors." (Chinese) image via flickr

Global: VC Firm Behind Snapchat Looks to Ramp Up Its Crypto Investments

The venture capital firm behind Snapchat is looking at ways to increase their investments in the crypto industry, tech journal Recode reported May 17. Aaron Batalion, a partner at venture capital firm Lightspeed, is leading an effort to boost the firm’s investment by exploring three methods: setting up a new fund, carving out a portion of an existing fund, or launching an entirely new project, Recode reports, citing “sources”. image via Pixabay

The Person behind the First ICO in the World and the Continuation

Cryptocurrency market includes over than 1,500 cryptocurrencies at this moment, above 250 billion market cap and a few billions of a daily volume. The biggest blockchain is Ethereum, bigger than all the other blockchain combined. Why is that? Because of one simple thing, ICO. Initial Coin Offerings became a hit recently with many ICOs made every single day by people all around the world, some of them are good and most of them are scams. All those ICOs became big and already gathered billions of dollars since the beginning of the year. The biggest ICO so far is Telegram's one who gathered over 1.7 billion dollars so far through two rounds. And more many huge ICOs which keep gathering millions and billions, it became extremely easy and more than ever risky for the young investors who think they know but put their savings into scams and get themselves into...

New Voice

New Voice

Introduction: Coconut is a universal payment platform that allows customers to use any cryptocurrency to purchase goods and services. Coconut team is composed by a group of students from Harvard University and MIT, which won the award for best new nascent blockchain project at the MIT Bitcoin Expo 2018. BlockPulse 360 has the chance to conduct an interview with this promising project and team at Harvard University.

Insights

Interview

Insight Into The Blockchain Trends Of Today And The Future

BlockPulse360 had the pleasure of sitting in on an interview with one of China’s most reputable blockchain thinkers, Dr. Feng Han, the co-founder of Elastos, about his take on the current and future trends in the blockchain industry in China. Dr. Han began his journey in the cryptoworld with a background in quantum mechanics, but it was only during an alumni lecture on Bitcoin in 2013 that he was formally introduced to cryptocurrency. Since then, the co-founder of Elastos has been busy at work developing a new operating system to promote decentralization initiatives using blockchain technology. Elastos is an open source, blockchain-driven operating system optimized to run decentralized applications. The thinking behind this technology came from the realization that if traditional applications wanted to connect through blockchain, the most effective way to do so would be through a platform that was also operated by blockchain. And so, Elastos was born. What...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

Crypto Market

China: Hong Kong to Propose Regulation for Cryptocurrency Trading

Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. In his last interview before leaving the SFC, Ka-shing told the South China Morning Post that a ban on cryptocurrency trading “will not work in today’s internet world when trading can cross national boundaries. Even if we were to ban them, transactions can still be easily conducted via platforms in overseas markets. image via Shutterstock

Global: Most Cryptocurrency Offerings Trading below Listing Price - Report

Almost a third of all cryptocurrencies that were financed through online fundraisers last year have lost “substantially all value,” while the vast majority are trading below their listing price, according to an Ernst & Young report published on Friday. The professional services firm analyzed more than 141 projects that raised money in 2017 through initial coin offerings (ICOs), in which new virtual currencies are issued to buyers. It found that 86 percent of coins have fallen below their initial price on online exchanges. image via Shutterstock

US: SEC Documents Detail Scores of Fraud Allegations Against Coinbase

In the six years since its founding, the San Francisco-based exchange Coinbase has established itself as one of the most trusted places to trade ether, bitcoin, litecoin, and bitcoin cash. It's also run up its share of critics: namely, its customers. image via Shutterstock

South Korea: Korea’s Biggest Crypto Exchange UPbit Makes $100 Million Profit in a Bear Market

UPbit, South Korea’s biggest crypto exchange, has seen a profit of $100 million in the third quarter of of 2018, despite the bear market and decline in trading volume. According to the data released by Repository of Korea’s Corporate Filings (DART) obtained by mainstream media outlet Yonhap, UPbit saw a profit of just over $100 million while Bithumb, the country’s second-largest trading platform, recorded a profit of $39 million. image via Shutterstock

Regulation

UK: Govt. Researches Use of Blockchain Smart Contracts In Law

The UK Law Commission is in the process of codifying the use of smart contracts into British law as part of an ongoing effort to update British law and make it relevant to of the challenges of modern technology. This was revealed in the Commission’s 52nd annual report covering the period from April 1, 2017 to March 31, 2018. According to the report, a proposal to create an effective legal framework for smart contracts under UK law was part of the Commission’s Thirteenth Programme of Law Reform. image via Shutterstock

US: CFTC Cracks Down Harder on Cryptocurrency Fraud under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years of the Obama administration. The amount had declined in 2017, drawing criticism from consumer groups and some Democrats. image via Shutterstock

UK: Insurance Giant Lloyd’s Moves into Cryptocurrency Realm

Lloyd’s of London has entered the cryptocurrency market, albeit with a minimum of fanfare from the organization itself. Kingdom Trust, a Kentucky-based organisation, is the recipient of its milestone policy. Originally launched in 2010, Kingdom Trust is an independent qualified custodian regulated by the South Dakota Division of Banking. It currently provides custody services for over 30 different assets, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Ripple and its recent additions of ZCash and Stellar Lumens. More are planned in the near future. image via Shutterstock

North Korea: Mac OS is Add to Cryptocurrency-stealing Malware Attacks

The infamous North Korean Lazarus cyber crime group has resurfaced with a campaign dubbed AppleJeus designed to steal cryptocurrency. Researchers in Kaspersky Lab’s Global Research and Analysis Team (GReAT) discovered that the group had penetrated the network of a cryptocurrency exchange in Asia. image via Flickr

TECHNOLOGY

Germany: The Munich Start-up Alissia Develops a Music Streaming Service with Blockchain

Using artificial intelligence and blockchain technology, the Munich start-up Alissia is developing a "highly personalized" radio, namely a personal radio with the right program for each listener. The goal of Alissia is for every user to get their own AI instance and secure the communication between the system and the individual AI through Blockchain technology. (German) image via Shutterstock

China: JD. com Launches E-commerce Blockchain Platform for Business and Enterprise

Chinese retail giant JD. com Inc. announced today that the company is launching a new distributed ledger blockchain technology platform aimed at enterprise customers to help them build, host and use their own blockchain applications. The platform, known as the JD Blockchain Open Platform, is designed so that enterprise customers can easily create and adjust smart contracts running on public and private clouds. image via Shutterstock

US: MIT Crypto System Shares Police Data without Wrecking Investigations

Law enforcement routinely secures orders requiring that tech companies hand over data, but the targets of those requests don't always know if they've been under the microscope -- especially if there were never charges in the first place. MIT's CSAIL may have a way to hold officers more accountable for those decisions. Its researchers are developing a cryptography-based system that could help track these requests while still protecting investigations and police. image via Shutterstock

Spain: Central Bank: Public Cryptocurrencies Can Facilitate Monetary Policy

Public cryptocurrencies could facilitate monetary policy and thus central bank activities. In particular, blockchain technology could help to control interest rates and cash flow, leading to greater financial stability. This is the conclusion reached by Banco de España (BDE), Spain’s top currency institute, in its recent report on the influence of state crypto currencies. Blockchain technology may be a positive factor for the country’s economy. Nevertheless, it needs further research and an eye for possible risks. (German) image via Shutterstock