Initial Coin Offerings (ICOs) – Weekly Overview
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ISP-rerouting hackers steal $83,000 in various cryptocurrencies
BybtxadmA report published by Dell’s SecureWorks says that hackers were able to steal roughly $83,000 in bitcoin and other cryptocurrencies by exploiting a weakness in how web traffic is routed. The report claims that 19 internet service providers, including big players like Amazon and DigitalOcean, were impacted. The exploit allowed hackers to briefly gain control…
Report: Bulgaria officially recognizes bitcoin as currency
BybtxadmAccording to Cointelegraph, Bulgaria has become the first European Union member state to officially recognize bitcoin as a currency. The decision from Bulgaria’s equivalent of the IRS, the National Revenue Agency, was published yesterday on the agency’s website in a post titled “Revenue from Bitcoin Transactions are to be Declared and Taxed.” (Google translation here.)…
Applications open for New York digital currency exchanges
BybtxadmIn a new statement from New York Superintendent of Financial Services, Benjamin M. Lawsky, the state is now officially accepting applications for digital currency exchanges. The new exchanges will be regulated under still-forming rules that Lawsky plans to have in place by this summer. Today’s public order is the next phase in NYDFS’s public inquiry…
Blockchain announces open nominations for the Blockchain Awards
BybtxadmThe Bitcoin Foundation and Blockchain.info are partnering to launch the Blockchain Awards to “celebrate innovation and excellence in the Bitcoin community.” The initial round of awards will go to people and projects in ten categories, with nominations being open to the public. The current list of awards are: Most Impactful Charity Most Creative Video Most…
Bitcoin ATM launch blocked by Swiss regulators
BybtxadmSwitzerland-based bitcoin brokerage and ATM operator Bitcoin Suisse AG was forced to halt plans to launch a new machine in Zurich today after the country’s financial authority, the Swiss Financial Market Supervisory Authority (FINMA), requested a review of the legal issues related to its proposed services. Bitcoin Suisse already has a handful of operational bitcoin…
Federal Bank VP claims bitcoin will force banks to "Adapt or die"
BybtxadmYesterday, the Federal Reserve Bank of St. Louis hosted a talk by David Andolfatto titled “Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies.” In addition to his role as Vice President of the bank, Andolfatto is a professor at Simon Fraser University. One of the key perspectives in the presentation was the…