EXCHANGES

Bitfinex Braces for Imminent Lawsuit Alleging Tether Manipulates Crypto Market

[ad_1] The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether are again engaged in public relations crisis management. They have notified users of an imminent lawsuit over market manipulation allegations and are trying to frame it as just a shameless money grab attempt. Also Read: Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash Bitfinex Anticipates ‘Mercenary’ Lawsuit Bitfinex and Tether both issued nearly identical statements
EXCHANGES

Crypto Outpaces Political Donation Laws in Japan

[ad_1] A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly to a politician or political campaign, crypto donations still fly under the radar due to technicalities in classification. The loophole has some commentators in
Business

Bitcoin, Altcoin Prices Slip Downward While XRP Stays Stable

[ad_1] Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day.Market visualization courtesy of Coin360After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on the day.Bitcoin 7-day price chart. Source: Coin360The largest altcoin by market capitalization, Ether (ETH), is seeing similar losses, down 3.13%
BUY/SELL

Bitcoin Price Near to Critical Support at $7,120; Must Hold to Avoid a New Bear Market

[ad_1] This week isn't looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6. This continued decline was anticipated in last week's analysis, with fingers pointing to China's week-long Golden Week as a possible catalyst for the reduced trading volume.  However with the Chinese set to return to their desks next week, will they be buying
Business

Hong Kong’s SFC Releases Regulations for Crypto Fund Managers

[ad_1] Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4.In the 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets,” the SFC provided terms and conditions for corporations managing portfolios that invest in virtual assets.Organization and management structureAccording to the
BLOCKCHAIN

UAE’s Social Ministry to Grant $16K in Blockchain Contest

[ad_1] The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector.Driving blockchain for awareness and social careThe MOCD announced its “Social Blockathon” competition with a total prize fund of $16,300 to encourage the development of blockchain-based applications for educational, social and recreational purposes, the country’s official news agency, Emirates News Agency, reported on Oct. 6.According to the report, the
EXCHANGES

Bitcoin Cash Proponents Prepare for Forthcoming Upgrade Features

[ad_1] In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which will allow more complex mechanics to multi-signature transactions and all signature checking operations will support Schnorr signatures. Lastly, the upgrade will finalize the BIP62 malleability vector by enforcing Minimaldata in script, otherwise known as the “Minimaldata” rule. This enhancement
Business

Crypto News From Brazil: Sept. 30–Oct. 6 in Review

[ad_1] Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme.Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.Unick Forex reportedly flees offices but apparently will resume operationsFollowing a police investigation of purported
Business

Fiat-Backed Stablecoins ⁠— Attempt to Take the Best of Both Worlds

[ad_1] Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind of stable asset — such as the United States dollar, euro or even gold. Linking to such assets confirms the coin’s stability and mitigating the volatility of cryptocurrencies.Related: Stablecoins ExplainedWith this type of a
Business

Hodler’s Digest, Sept. 30–Oct. 6

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekPayPal officially pulls out of the Libra AssociationIt’s official: PayPal has left the Libra Association — the governing body of Facebook’s embattled digital currency. Although the