Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC The post Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending appeared first on CCN

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Head of Policy at Coinbase Leaves for a Venture Capital Firm

As recently reported by Bloomberg, the head of policy at Coinbase, Michael Lempres is leaving the company for a position at a venture capital firm. He was promoted back in September when Brian Brooks took over his post as a chief legal and risk officer, a role that Lempres served as for over a year. The post Head of Policy at Coinbase Leaves for a Venture Capital Firm appeared first on CCN

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World’s First Crypto ETP Gets Green light in Switzerland

The SIX Swiss Exchange has given the go-ahead to an exchange-traded product tracking multiple cryptocurrencies, according to a Financial Times report. The Swiss regulators have raced ahead of the U.S., by agreeing to greenlight the Amun Crypto Exchange Traded Product (ETP). Based on the reports, the Amun Crypto ETP,, will have half of its assets invested The post World’s First Crypto ETP Gets Green light in Switzerland appeared first on CCN

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Lawyer: Bitcoin Cash Ruling a ‘Mixed Bag’ for Coinbase

A federal judge has granted Coinbase’s motion to dismiss a lawsuit that claimed the cryptocurrency exchange operator had allowed insider trading related to its Dec. 2017 launch of bitcoin cash (BCH) trading. The order, filed on Tuesday by U.S. District Court Judge Vince Chhabria, dismissed plaintiff Jeffrey Berk’s claims, stating that he had failed to The post Lawyer: Bitcoin Cash Ruling a ‘Mixed Bag’ for Coinbase appeared first on CCN

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Newsflash: Bitfinex Unveils ‘Distributed Banking Solution,’ Resumes Fiat Deposits

Cryptocurrency exchange giant Bitfinex has unveiled a “distributed banking solution” that it says will be a “resilient” solution to its much-chronicled banking woes. Announced on Tuesday, the new system will allow KYC-verified users to immediately begin initiating fiat deposits across USD, GBP, JPY, and EUR, which had been paused for almost a week. Under the The post Newsflash: Bitfinex Unveils ‘Distributed Banking Solution,’ Resumes Fiat Deposits appeared first on CCN

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As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume than The post As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins appeared first on CCN

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Binance Delists 4 Cryptocurrencies, Sending All of Them Crashing

As of yesterday, October 9th, 2018, Binance, one of the world’s largest and most popular cryptocurrency exchanges, has announced that they will be delisting four tokens from their trading platform until further notice. The announcement was made early yesterday morning on the exchange’s website and stated that due to the Binance team’s dedication to protecting The post Binance Delists 4 Cryptocurrencies, Sending All of Them Crashing appeared first on CCN

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London Cryptocurrency Exchange Coinfloor Announces Layoffs amid Prolonged Bear Market

Coinfloor, the oldest bitcoin exchange in the U.K., will lay of most of its 40 employees, according to two sources interviewed by the Financial News. The layoffs at the London-based exchange are in response to “significant” change in market volume, according to Obi Nwosu, Coinfloor’s chief executive, and are seen as a setback for the The post London Cryptocurrency Exchange Coinfloor Announces Layoffs amid Prolonged Bear Market appeared first on CCN

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