Widow of QuadrigaCX Founder to Forfeit $9 Million to Exchange Victims

Canadian cryptocurrency exchange QuadrigaCX has been in the news regularly throughout 2019. Now, victims of its controversial fund losses are set to receive compensation from the founder’s widow. Jennifer Robertson, the widow of late QuadrigaCX founder Gerald Cotten, released a personal statement on October 7, 2019, agreeing to forfeit a majority of her assets to those who were affected by its impropriety. An accompanying statement from the exchange’s court-appointed trustee, Ernst & Young, indicated that the estimated value of these distributions is approximately $9 million ($12 million CAD). “Following the…

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Hong Kong Issues Rules for Crypto Asset Managers

This article was originally published by 8btc and written by Lylian Teng. Hong Kong’s Securities and Futures Commission (SFC) has recently released rules and regulations for fund managers dealing with crypto assets. The securities regulator published a 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” on October 4, 2019. It provided detailed guidance for entities managing portfolios that invest in “virtual assets,” its term for cryptocurrencies. According to the document, virtual asset fund managers in Hong Kong should at all…

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Student May Have Tried to Hack West Virginia’s Blockchain Voting App

A University of Michigan student may have attempted to hack West Virginia’s blockchain voting app as part of a course on election security. The Federal Bureau of Investigation (FBI) is investigating whether a student at the University of Michigan attempted to hack the West Virginia’s voting app. “Not one single vote was changed”  On Oct. 5, according to CNN, the United States Attorney for the Southern District of West Virginia, Mike Stuart, wrote that the FBI is investigating the “unsuccessful attempted intrusion” by an outside party to gain access to…

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OmiseGo Joins Crypto Coalition Universal Protocol Alliance

OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. OmiseGo, a finance-oriented scaling network for Ethereum (ETH), has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. Targeting financial services and tax collection In a press release shared with Cointelegraph on Oct. 8, the startup revealed that it will incorporate the Universal Protocol Platform UPT utility token into its payment processing technology. By doing so, OmiseGo intends to let stakeholders to use…

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ACINQ, Startup Behind Eclair Lightning Implementation, Raises $8M

The Lightning Network continues to grow and funding of Lightning development seems to be growing along with it. ACINQ, the Paris-based development company behind the eclair Lightning implementation, announced today, October 9, 2019, that it has raised $8 million in a series A funding round led by venture capital firm Idinvest Partners, with involvement from investment bank Bpifrance and venture capital firm Serena. Following a $1.7 million seed round last year, this brings the total investment in the startup close to $10 million. “This is good news for the Lightning…

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Bitcoin Schmitcoin on Analyzing the Bitcoin Price and Healthy Markets

In this episode of the “Bitcoin Magazine Podcast,” Dave Hollerith talks with Nathan Hadley, a.k.a. Bitcoin Schmitcoin, to hear about what it’s like to be a bitcoin price analyst. Hadley discusses how he uses technical analysis to gauge the bitcoin price, why that works better than fundamental analysis in this market and what will need to be seen in the market before bitcoin takes a bigger bull run. Hadley also explains why most self-proclaimed “traders” are full of it and reflects on some of the craziest days in cryptocurrency price…

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Bitcoin Price Analysis: Strong Rally Retests Macro Resistance

Summary: The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level. So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the market is poised for a retest of the $8,500s. If we see a close below the $8,090 support we will likely see a retest of deeper support at $7,700. Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price…

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Gab Is Launching a Bitcoin Education Effort, Soliciting Donations

In “Meditation XVII,” the poet John Donne famously coined the aphorism “No man is an island.” That may be true, but what about a social network? Gab is pretty damn close. The highly controversial platform has been blacklisted by email services and web servers, its tools have been banned from the Firefox and Chrome browsers and its payment pipelines have been shut off by the likes of PayPal and popular credit cards. These bans have come in reaction to Gab’s primarily far-right user base, which has been accused of encouraging…

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Chainlink Blazing a Trail to All-Time High?

Chainlink (LINK) has been treading an uptrend toward its all-time high at $4.49. Will LINK lead the way for other altcoins to follow? Chainlink (LINK) has been on fire, blazing its own trail independent from the rest of the market. The digital asset appears to be in the beginning stages of a strong uptrend on the charts, backed by a devoted community and several significant news headlines this year.  Chainlink’s recent price action is notable because of its timing and independence from the rest of the crypto market. Sentiment around…

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Forbes Editor-in-Chief Believes Bitcoin Can Help Fight Authoritarian Govts

Chairman of Forbes Steve Forbes says that Bitcoin performs an important role in helping people in distressed situations around the world. Forbes chairman and editor-in-chief Steve Forbes has described Bitcoin (BTC) as a “high-tech cry for help” driven by a lack of trust in traditional currencies. Speaking to Ark Invest CEO Cathie Wood on her company’s podcast, he said Bitcoin’s challenge now is becoming a coin as trustworthy as gold — an assert that has earned its status the hard way over thousands of years. Although Forbes starts out by saying that Bitcoin prices…

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