Bitcoin News

The regulator pointed to “a lack of current, consistent and accurate information” in the two crypto investment vehicles issued by Swedish firm XBT Provider AB following their entry into the US market last month. The U.S. Securities and Exchange Commission (SEC) on Sunday issued an order to halt the trading in Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF), two investment products that track cryptocurrencies. The two exchange-traded notes (ETNs) are issued by Swedish company XBT Provider AB, a subsidiary of U.K.-based Coinshares Holdings. The two products have been listed on the Nasdaq Stockholm exchange since 2015 and  entered the U.S. market  last month under the ticker CXBTF, enabling domestic investors to access and invest in the crypto ETNs in an over-the-counter (OTC) market with their U.S. dollars. SEC_News ✔ @SEC_News The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Track

  Replica bitcoins are seen in this photo illustration on November 4, 2017. (Photo by Jaap Arriens/NurPhoto via Getty Images) Bitcoin adoption is about to take another step forward with the Lightning Network today getting a boost from payment processing startup CoinGate — which is adding all 4,000 of its merchants to the off-chain system. Those CoinGate merchants which will be able to accept payments via the Lightning Network include  Swiss watch manufacturers Chronoswiss and Louis Chevrolet, gaming store Mmoga.com, hosting service Bitlaunch, and adult websites Livejasmin and  Manyvids. The Lightning Network , first proposed by Thaddeus Dryja and Joseph Poon  in a 2015 white paper , creates a layer on top of the bitcoin blockchain, where transactions can be passed back and forth before being added to the underlying blockchain. This should mean transaction speed is greatly increased while costs are significantly reduced. When sending a Lightning payment, two parties de

The  U.S.  Securities and Exchange Commission ( SEC ) will review its decision to reject nine applications to list and trade various Bitcoin (BTC)  exchange-traded funds  (ETFs), Reuters  reported August 23. On Wednesday, the SEC  disapproved  a total of nine inquiries from three companies to bring  BTC -based ETFs to market, claiming that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange's rules be designed to prevent fraudulent and manipulative acts and practices." Shortly after, the SEC released letters stating their intention to review the decision, having delegated authority to take action on the applications. However, the letters do not specify a deadline for the decision nor what the review will entail. ETFs  are marketable securities that track an index, commodity, or basket of assets, that are proportionately represented in the fund’s shares. ETFs experienc

Cybercriminals have raked in a total $2.3 million by exploiting ICOs via phishing in the second quarter of 2018, a Kaspersky study revealed. The multinational cybersecurity company in its new  Spam and Phishing in Q2 2018  report found that online malefactors target crypto investors with fake ICO websites. Most of these sites belong to Ethereum-powered startups that raise money for the development of their platforms. In addition to injecting a phony crowdfunding link into their outbound emails, cybercriminals try every last trick to influence a victim to send them crypto-funds to their Ethereum wallets willingly. The victims, believing they are investing in a good ICO round, ends up throwing their Ether funds to unlawful benefactors. “Cybercriminals continue using the names of new ICO projects to collect money from potential investors that are trying to gain early access to new tokens,” Kaspersky disclosed. “Sometimes phishing sites pop up before official project sites.” F

With Bitcoin declining this year, you might expect mining activity to follow. That hasn’t happened. The combination of falling prices and a rising hash rate -- which measures computing power -- shows how complex the economics of cryptocurrency mining are. An increasing hash rate means Bitcoin mining is still profitable enough for many players to stay put, defying speculation that prices have fallen past break-even points. Source: https://www.bloomberg.com/news/articles/2018-08-16/with-bitcoin-sinking-cryptocurrency-miners-just-dig-deeper That may be a reflection of how sophisticated Bitcoin mining has become after last year’s 1,400 percent price rally. While that drew a fair share of amateurs mining from their basements, the lucrative rewards also drove major miners to up their game by snatching up increasingly speedy chips and setting up shop in places with cheap power. That’s helped them squeeze out smaller players as prices fall to the $6,000 level. “There are still m

It appears that the cryptocurrency revolution is not all that welcome in Norway, with a  bitcoin mining facility  in a remote part of the country receiving a bomb threat. According to the Vakdalposten newspaper, the mining company, which is called Kryptovault and operates in the cities of Follum, Honefuss, and Dale, received the bomb threats on Saturday after a report on the company appeared in a local newspaper. Kryptovault’s managing director, Gjermund Hagesaeter, also spoke to the Ringerikes Blad newspaper, and he explained  that the police had been immediately informed  after the bomb threat was received. He also said that he had warned his employees to be extra vigilant about going on with their duties. “The threat has been reported to the police and these are also taking the whole issue very seriously indeed. We have also asked the police to assess whether any further action needs to be taken. The facility at Follum is located in a fenced area, so it would be difficult

Cryptocurrency Mining profitability decreases day by day There are three main reasons behind it  1. Alt coin prices   2. Transaction fees 3. New miners added in network