James McQuillan

James McQuillan

Articles by Author

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Ethereum

Security Researcher Highlights Danger Of Malicious Crypto Copycat Apps

Google has a serious problem with cryptocurrency malware infecting many of the apps on its marketplace, according to security researcher Lukas Stefanko. Stefanko posted a screenshot of one such app that tries to lure victim’s private keys on Twitter, the app was a MyEtherWallet copycat.

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Regulation

Malta Proposes Test To Identify When ICOs Are Securities

Malta has recently proposed the creation of tests to determine whether a token launched through an initial coin offering (ICO) can be defined as a form of security.

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Business   Regulation   ICO

Not Gone: Savedroid ICO Comes Back, Plans ICO Advisory Service

In a YouTube video published by SaveDroid AG the company's founder, Yassin Hankir has recently revealed that the company hasn’t pulled an exit scam, and unveiled it plans to launch an ICO advisory service to help with regulatory efforts.

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Altcoins

Venezuela's Petro wins the 'Satoshi Nakamoto Prize'

For its ‘outstanding contribution to the development of the blockchain industry’, the Satoshi Nakamoto Prize went to Venezuela's sovereign oil-backed cryptocurrency, The Petro. The prize was awarded in Russia, and hosted by its regulatory organisation: The Russian Association of Cryptocurrency and Blockchain (RACIB).

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Regulation

Lafayette to Consider Cryptocurrency to Diversify Economy

Lafayette Mayor-President Joel Robideaux, in a speech on Thursday, proposed the creation of a state-based cryptocurrency. Robideaux's annual address cited the need to improve public services for the citizens of Lafayette. With the introduction of cryptocurrency intended to increase the level of funding possible for public services and development projects.

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Business   Regulation

Japanese Cryptocurrency Exchanges Under Scrutiny, Nine Suspended Operations

Nine separate cryptocurrency exchanges in Japan have officially suspended operations. Two are currently facing regulatory sanctions from the government and a further five are withdrawing their applications.

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Altcoins

18 Million XVG Moved From Verge’s Crowdfund Wallet As “Ledger Needs To Be Paid”

About 18.6 million XVG ($1.6 million) have been moved from the cryptocurrency’s “partnership crowdfund' wallet. While some claim the funds were sent to cryptocurrency exchange Binance, others claim they were sent to a future partner’s wallet

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Bitcoin   Mining

Russian Authorities Shut Down Massive Illegal Mining Operation

Russian authorities entered the abandoned rubber factory and found over 6,000 pieces of mining equipment inside and arrested two of the factories former employees. Both employees had been using the facility covertly for their operations.

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Altcoins   Regulation

UK National Cyber Security Centre Lists Cryptojacking As “Significant” Threat

According to a report published by the UK’s National Cyber Security Centre (NCSC) this week, cryptojacking will be categorised as a form of cybercrime in the UK, as it is now seen as a “significant” cybersecurity concern. Per the organization, it’s likely going to “become a regular source of income for website owners.”

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Business

Rockefellers Enter Cryptocurrency Space Looking To Invest In Blockchain Startups

Cryptocurrency investment group CoinFund recently announced a partnership with Venrocy, the Rockefellers' venture capital arm. Reportedly, the powerful investors' goal is to invest in blockchain startups.

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War on ASIC Miners? Ethereum Founder calls for calm

Monero's recent hard-fork stands as a counter to the unveiling of new mining hardware that would see a massive rise in hash rates and efficiency. But is a fast hard-fork the answer? Ethereum Founder, Vitalik Buterin urges calm.

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Business

Cryptocurrency Exchange Bithumb Sees Profits Surge 171x in 2017

South Korea's largest cryptocurrency to fiat currency exchange has increased both in popularity and annual revenue this year, Finance Magnates reports. Bithumb has seen its revenues rise by over 171-fold, showcasing the feverish demand for cryptocurrency that sweeps South Korea.

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Altcoins

Zcash (ZEC) Helps Venezuelans Survive During Venezuela’s Petro Venture

While Venezuela’s oil-backed cryptocurrency, the Petro (PTR) is being launched via an initial coin offering (ICO), its residents are not enamored with it as a viable cryptocurrency. ZCash (ZEC), on the other hand, has emerged as a force to be reckoned with.

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Regulation

Pakistan's Central Bank Tells Banks to Cut Ties to Cryptocurrencies

This month has seen the Reserve Bank of India turn its bank on cryptocurrency-related accounts. In a new development,  the State Bank of Pakistan (SBP), the country’s central bank, advised Pakistani citizens not to transact in cryptocurrencies, while telling banks and financial intitutions not to facilitate crypto-related business.

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Regulation   ICO

SEC Chief: ICOs Are "Absolutely Not" All Fraudulent

SEC chairman Jay Clayton has recently stated that not all Initial Coin Offerings (ICOs) are fraudulent, and argued that oversight will strengthen the cryptocurrency industry.

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Altcoins

Monero Mitosis: Hard Fork Leads To Four New Cryptocurrencies

Monero's recent hard fork in the wake of new ASIC technologies has been met with opposition from users. creating a four-way split of the cryptocurrency's pre-fork variation.

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Regulation

UK Financial Watchdog Issues Statement on Crypto Derivatives Providers

The UKs Financial Conduct Authority (FCA) has announced new regulations to improve its approach towards cryptocurrency derivatives. We break down their statement from yesterday

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Business

Coinbase Launches Venture Fund To Support Cryptocurrency Startups

Cryptocurrency wallet and exchange provider Coinbase recently published a blog post in which it reveals it’s highly interested in providing capital to new startups in the blockchain and cryptocurrency field.

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Business   Regulation

Crypto Exchange Coinbase in Talks to Become SEC-Licensed Brokerage

Coinbase has reportedly approached the US Securities and Exchange Commission (SEC) and other US regulators in order to obtain registration as a brokerage firm. While the company has declined to comment at this time, being a broker is set to offer Coinbase a commanding position.

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Ethereum

Ethereum Still Sub-$400 as ASIC Controversy and Disputes Settle in

Ethereum, along with other cryptocurrencies, has fallen as regulations and ongoing trade disputes play havoc on the market. Ethereum is undergoing its worst performance since November 2017

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Regulation   ICO

Japan Proposes New Rules to Legalize ICOs

Japan has seemingly started loosening its attitude towards initial coin offerings (ICOs) as a working group backed by the country’s government recently proposed new guidelines that are set to legalize and regulate token sales.

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Business   ICO

AngelList's ICO "Spin-off" CoinList Raises $9.2 Million In Series A Funding Round

Emerging from Angellist's incubator, CoinList has triumphed in its Series A funding round. raking in $9.2 million while proposing a solution to the ICO witch-hunt

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Altcoins

Ripple Donates $29 Million To Fund All 35,000 DonorsChoose Classroom Projects

Ripple donated $29 million to DonorsChoose in order to fund all of its 35,000 classroom projects. This is the largest gift a non-profit organization has ever received.

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Bitcoin

Bitcoin Falls Below $7,000, Cryptos Retreat Amid Global Trade War Fears

Most currencies are in the red in the last 24-hour period, with Bitcoin falling below the $7,000 mark amid fears of a global trade war.

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Business   Regulation

Australia Introduces Cryptocurrency Exchange Regulations

Australia's new regulations on cryptocurrency exchanges intend to battle money laundering and terrorism financing, and will require the exchanges to register and report to AUSTRAC.

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