Malaysia to Jail Illegal ICO and Crypto Exchanges Operators for 10 Years

Running an unregistered crypto exchange or an initial coin offering (ICO) in Malaysia could land the operator in jail for a maximum of 10 years. $2.43 Million in Fines Securities Commission Malaysia (SC), the country’s top financial watchdog, has announced that it would categorize cryptocurrencies such as Bitcoin as securities. The commission confirmed in a press

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What Caused Ethereum to Delay Their Much-Awaited Hard Fork?

Ethereum Core developers announced on Tuesday that they would postpone their much-awaited Constantinople hard fork. The team, which has previously settled January 16 as the official date for the Ethereum blockchain upgrade, decided to delay it after ChainSecurity found potential vulnerabilities in the code. The Switzerland-based blockchain audit firm said that Constantinople would enable “reentrancy

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Only 16% of Ethereum Nodes Upgraded Before Hard Fork, it’s a Nonissue

Ethereum will migrate it’s blockchain from proof-of-work to proof-of-stake in a hard forking event dubbed as Constantinople by January 16. But only 16% of its nodes are ready for the upgrade so far. The message that is going out in the community is that miners are not ready to switch to PoS. The protocol, which

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Bitmain’s Struggle is Real But Analyst Says Crypto Miners are Fine

Just in the past two months, Bitmain has fired more than half of its staff, has closed an entire office in Tel Aviv, has shuffled top management, and removed two of its chief operations officers. And today, the Chinese bitcoin mining giant decided that it would close another overseas workplace – this time in Amsterdam.

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Tron Project Accused of Misleading Developers in $1 Million Dapp Contest

Was Tron’s famous $1 million blockchain dapp development competition a con trick? The question is currently doing the rounds on social media these days. Redditor 9HIL collected pieces of evidence that show that Tron was misleading participants. The independent investigator substantiated that Tron firstly delayed its winner announcement and then changed prize payouts. For instance,

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Controversial TenX Responds to Outrage, Crypto Community Not Happy

A crypto startup that raised close to $80 million in a 2017’s ICO funding has come in the midst of a controversy. Singapore-based crypto-wallet TenX is facing accusations of insider trading after its co-founder and now-former CEO Julian Hosp allegedly dumped $2.2 million worth of PAY tokens. An internal management scuffle reportedly led to Hosp

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How a Shrinking Bitmain Could Destabilize Crypto Market Further

Bitmain Technology, the world’s largest crypto mining equipment manufacturing firm, is going to replace its chief operating officers Jihan Wu and Ketuan Zhan with a new appointee, reported the South China Morning Post. The news follows months of speculation about Bitmain losing billions in the final quarter of 2018. Earlier in December 2018, the Beijing

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US Stocks Rise on Positive Trade Talks with China; Bitcoin Cautious

The US stocks opened Wednesday on a higher note as President Donald Trump signaled positive outcomes of their trade talks with China. The Dow Jones Industrial Average jumped 0.5 percent to 23902 points after adding 115 points while the S&P 500 gained 0.3 percent. The Nasdaq Composite Index surged by 43.2 – or 0.6 percent

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10 Year Anniversary of Hal Finney’s Running Bitcoin Tweet: Rapid Growth

On January 11, ten years ago, Hal Finney wrote a tweet about Bitcoin. Running bitcoin — halfin (@halfin) January 11, 2009 The late cypherpunk and cryptographer had just become the first person to receive the digital currency from its creator Satoshi Nakamoto himself. But more importantly, he had become the first person to trust bitcoin

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EU Banking Authority Urges Bitcoin Law, What it Means For BTC

The European Banking Authority (EBA) has called for pan-EU rules on bitcoin and other crypto assets. The London-based regulatory agency reached the European Commission, which drafts EU legislation, with its official report on cryptocurrency laws. The report concluded that the assortment of different crypto laws across the European nations could lead to exploitation of investors

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