IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, the CEO of IOHK, says that version 1.6 of Cardano is set to roll out within days. Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s…

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Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000

The crypto market is in the red as BTC see week-long descent and XRP may be facing legal troubles with a newly-amended class action suit. Tuesday, Aug. 13 — Bitcoin (BTC), Ether (ETH) and XRP continue to bleed amid a crypto market turning red.  Market visualization. Source: Coin360 Bitcoin is trading at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., but never managed to hold these highs for a significant period of time.…

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Kraken Users’ Report Difficulties With Connecting to Site and API

San Francisco-based cryptocurrency exchange Kraken’s users are reportedly experiencing difficulties with connecting to the site and application programming interface. San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API). In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update. Back in January, the Exchange Security Report from independent analysts at…

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Google Cloud Partners With Enterprise Blockchain Platform Cypherium

Google Cloud and blockchain platform Cypherium have partnered to deliver enterprise blockchain services to Google Cloud clients. Ubiquitous tech behemoth Google cloud wing is entering into another partnership with a blockchain platform, Cypherium.  Cypherium announced the new partnership in a press release shared with Cointelegraph on Aug. 13. Cypherium describes its product, Cypherium Enterprise, as an enterprise-focused blockchain platform with a focus on scalability and decentralization. As a result of this partnership, Google Cloud customers will have access to Cypherium’s blockchain solutions, as per the announcement. As per the press…

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Bitcoin ETF Delayed Again, but Wall Street Already Has Its On-Ramps

On August 13, 2019, news broke that the U.S. Securities and Exchange Commission (SEC) has put three bitcoin exchange traded funds (ETFs) on the regulatory backburner. The SEC has delayed decisions on filings by VanEck/SolidX, Bitwise Asset Management and Wilshire Phoenix until October 18, October 13 and September 29 of this year, respectively. On these dates, the SEC will have to either accept or reject the filings. History has not been kind to bitcoin ETF filings, as more than a dozen have been pulled by their sponsors or scrapped by…

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BitPay Upgrades Offerings and Tightens Identification Measures

Cryptocurrency payment facilitator BitPay has announced a range of product upgrades to improve service delivery to customers, according to a blog post. And the roster of changes includes tightened security measures. BitPay’s Service Upgrades First on Bitpay’s list of upgrades is the introduction of the BitPay Dashboard, a feature which will provide a much more personalized experience for shoppers using the platform. The dashboard will house the user’s transaction histories and BitPay’s new payment features going forward. The product is live for current customers but noncustomers can create a dashboard…

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) into national law by January. Unfortunately, they often go beyond what Brussels wants them to do. Also read: Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide German Regulations Chase Out…

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US Court Temporarily Freezes $8M in Response to SEC Request Yesterday

A United States District Court has entered a temporary emergency freeze requested by the SEC on $8 million held by a New York citizen and two of his entities’ related assets. A United States District Court has entered an emergency freeze to preserve $8 million of a New York citizen and two of his entities’ related assets following the U.S. Securities and Exchange Commission (SEC) complaint filed on Aug. 12. Per the SEC’s announcement published on Aug. 13, the court agreed, ordering the temporary freeze of at least $8 million…

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