Bakkt Delay Due to CFTC Concerns Over Its Planned Custody of Clients’ Bitcoin: WSJ


(March 22nd, 2019) - Much-anticipated crypto platform Bakkt’s plans to store customers’ Bitcoin (BTC) from its Bitcoin futures could cause further delay on obtaining approval from United States regulator the Commodity Futures Trading Commission (CFTC). The news was reported by the Wall Street Journal (WSJ) on March 21, citing anonymous sources.

Source: CoinTelegraph



Overstock’s tZERO Exchange to Launch Bitcoin Trading App This June

(March 22nd, 2019) - Overstock’s security token platform tZERO is going full crypto.

Source: Coindesk



Facebook Stored Hundreds of Millions of User Passwords in Plain Text for Years


(March 21st, 2019) - Hundreds of millions of Facebook users had their account passwords stored in plain text and searchable by thousands of Facebook employees — in some cases going back to 2012, KrebsOnSecurity has learned. Facebook says an ongoing investigation has so far found no indication that employees have abused access to this data.

Source: KrebsOnSecurity



Bakkt raises Series A at valuation topping $700 million


(March 21st, 2019) - Bakkt, ICE’s yet-to-launch crypto exchange, is being valued at around $740 million following its Series A funding round, sources close to the project tell The Block.

Source: TheBlockCrypto



Vitalik Buterin Clarifies Fiat Holdings: Analysis of Ethereum Founder’s Net Worth


(March 22nd, 2018) - Vitalik Buterin, one of the most influential people in crypto and the figurehead behind Ethereum, recently clarified his fiat holdings in response to an analysis of his transaction history on his main wallet address. Based on Buterin’s cryptocurrency wallets, cash from ETH sales, equity in startups, and his annual salary, CryptoSlate estimates Buterin’s net worth at $79 million.

Source: CryptoSlate



Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say


(March 21st, 2019) - Bitmain, the largest manufacturer of cryptocurrency mining equipment by market share, is scaling up its capacity to mine ahead of an expected drop in electricity costs in China this summer.

Source: Coindesk



MakerDAO Voters Support Raising Ethereum-backed Loan Interest Rates to 7.5 Percent


(March 21st, 2019) - MakerDAO, a decentralized autonomous organization that provides crypto collateralized loans, polled its community on whether to increase interest rates and by how much. The community voted to increase rates by the maximum that was proposed, 4.0 percentage points, raising rates to 7.5 percent. If successfully executed, this would be the third rate increase within the last two months.

Source: CryptoSlate



CRYPTO INDUSTRY OPINION Facebook Stablecoin Wants to Replace US Dollar Not Bitcoin: Kik Founder


(March 21st, 2019) - Facebook could be on the path to replace the US Dollar with its own crypto asset as a global currency, claims Ted Livingston.

Source: NewsBTC



Cryptocurrency CEO Pleads Guilty to Securities Fraud in $4 Million Crypto Scheme


(March 20th, 2019) - The inventor of cryptocurrency AriseCoin pleaded guilty today to duping investors out of more than $4 million, announced U.S. Attorney for the Northern District of Texas Erin Nealy Cox. 

Source: Justice.gov



SEC Steps Up Efforts to Regulate Virtual Currency Offerings and Exchanges


(March 20th, 2019) - The US Securities and Exchange Commission (“SEC”) has recently stepped up its enforcement actions against virtual currency exchanges and Initial Coin Offerings (“ICOs”) that violate federal securities laws.

Source: CryptoSlate



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