Ethereum Co-Founder Lubin: Cryptocurrencies Should Stay ‘Unfettered” from Regulations

It’s a tricky balance, but Ethereum Co-Founder Joseph Lubin believes the cryptocurrency market should embrace regulators though he also points out it’s vital not to stifle innovation. Lubin, who is at the helm of ConsenSys, welcomes regulators into the cryptocurrency space both in the United States and in other parts of the world. He made the comments

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Company Sues CryptoKitties Creator for Allegedly Stealing Trade Secrets

Axiom Zen, the company behind popular Ethereum DApp CryptoKitties, has been hit with a lawsuit for allegedly violating a non-disclosure agreement and stealing trade secrets. The suit, filed last week in US District Court for the Southern District of California by San Diego-based company Starcoin (which operates under the name Tradestar) and reviewed by CCN,

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Bitcoin Gold Responds to Recent Double Spend Attack

The development team behind Bitcoin Gold has released an update on last week’s 51 percent attack, which the attacker weaponized through a double spend attack to steal funds from cryptocurrency exchanges. Published on Thursday, the update confirmed that the attacker had gained majority control of the network’s hashrate and used that control to reorganize the

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Russia’s Central Bank Will Host an ICO Pilot on its Regulatory Platform

Russian banking giant Sberbank and the country’s National Settlement Depository will test an initial coin offering on a central bank regulatory platform. Sberbank and the National Settlement Depository (NSD), Russia biggest bank and the securities depository respectively, will test the issuance of an initial coin offering (ICO) on a regulatory platform established by the Bank

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South Korean Conglomerate Hyundai’s Cryptocurrency Mining Pool Hacked, Withdrawals Disallowed

The mining pool of HDAC, a blockchain platform and company operated by Hyundai BS&C, a subsidiary of South Korea’s biggest car manufacturer and major conglomerate, experienced a hacking attack on May 24 and was forced to halt withdrawals temporarily. Mining Pool Breach According to local cryptocurrency media outlet TokenPost, HDAC’s mining pool fell victim to

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Cryptocurrency Market Posts Minor Recovery But Bitcoin Downward Trend is Still Strong

As CCN reported yesterday, on May 24, the bitcoin price dipped below $7,250 as a massive sell-off from the $7,700 mark intensified. After three consecutive sell-offs within a 24-hour period, the price of bitcoin dropped from $7,900 to $7,250, eventually stabilizing at $7,400. Bear Market The cryptocurrency sector is in a short-term bear cycle. In

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Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank

South Africa’s central bank is choosing to call cryptocurrencies like bitcoin as ‘cyber-tokens’ rather than currencies, arguing they do not ‘meet the requirements of money’. The South African Reserve Bank (SARB), the country’s central bank, prefers to see cryptocurrencies as ‘tokens’ rather than currencies according to deputy governor Francois Groepe. As things stand, the authority

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Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed

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There’s 1 Bitcoin Hidden in This Puzzle, and Whoever Solves it Wins

Another treasure hunt is underway n the Bitcoin community as members seek to crack a puzzle hidden in an image that resembles a “word cloud”. The image was posted earlier this week on the Bitcoin subreddit by new user cryptogreetings, who informed excited readers that one whole Bitcoin (currently worth $8300) was up for grabs for whoever

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