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Financial news updates from John Lothian News.

Crypto Markets News from John Lothian News – June 13, 2018 Standard

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Bitcoin was just the beginning of the imminent blockchain era Cliff Fluet – City AM Mention “blockchain”, and most people still immediately think of bitcoin – or ethereum, or ripple, or other cryptocurrencies. /jlne.ws/2HJX1po Apple bans cryptocurrency mining on its devices as updated developer guidelines take effect Torjus Roberg – City AM Apple has tightened its developer guidelines and banned cryptocurrency mining apps from being used on the company’s devices. /jlne.ws/2HLEiJR Trio of crooks busted in $1.8M cryptocurrency heist Rebecca Rosenberg – NY Post Three cyber crooks — including a church worker and a city Education Department staffer — were…

Crypto Markets News from John Lothian News – June 12, 2018 Standard

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Wells Fargo Bans Cryptocurrency Purchases on Its Credit Cards Hannah Levitt and Jennifer Surane – Bloomberg Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere. /jlne.ws/2JM1GvW Proof that bitcoin still can’t be trusted John Crudele – NY Post Recently, Bloomberg News reported that the Justice Department has opened a criminal probe into the possibility that traders are manipulating the price of bitcoin and other digital currencies. /jlne.ws/2JM4HfK Let’s not try make ‘crypto chicks’ a thing Jemima Kelly – FT Life is macho in the Divine Brodom of Cryptoland. Citizens live…

Crypto Markets News from John Lothian News – June 11, 2018 Standard

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‘Bitcoin whales’ control third of market with $37.5bn holdings; Wealth in nascent cryptocurrency concentrated in mystery group of 1,600 investors Hannah Murphy – FT A mysterious cluster of 1,600 investors known colloquially as “bitcoin whales” collectively hold $37.5bn of the cryptocurrency, or close to a third of the available total, revealing the extent to which wealth is concentrated in the nascent market. /jlne.ws/2sMLiBG A hacker made $120,000 hunting for bugs in the ‘flawed’ software of a cryptocurrency startup that raised a record-breaking $4 billion ICO Zoë Bernard – Business Insider Last week, Guido Vranken made $120,000 from his laptop while…

Crypto Markets News from John Lothian News – June 8, 2018 Standard

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Quebec Halts Bitcoin Mining Power Requests Amid Booming Demand Frederic Tomesco – Bloomberg Canadian utility says demand exceeds short-term capacity; Quebec takes measures to avoid need for rate increases Hydro-Quebec will temporarily stop processing requests from cryptocurrency miners so that it can continue to fulfill its obligations to supply electricity to the entire province. /jlne.ws/2sLvgHi Bitcoin trading rules leave Plus500 to make an educated guess; New trading limits may prove tough test for would-be ‘professionals’ Matthew Vincent – FT Attention all bitcoin traders with Plus500 and CMC Markets! A new study from Warwick Business School has found that: “Cryptocurrency prices…

Crypto Markets News from John Lothian News – June 7, 2018 Standard

In Wake Of Data Breaches, Blockchain Technology Can Minimize Financial Fraud Andrew Rossow – Forbes In today’s world, we have the ability to manage our finances with the touch of a button, or swipe of a finger–all without stepping foot into a bank. But, as I’ve said many times before, convenience always trumps privacy, and there’s no way around that fact. With the emergence of new technology, comes the emergence of new threats and new hackers, attackers, and other forces devoted to exploiting vulnerabilities in these advancements. In the finance sector, fraud is becoming more prevalent on the daily. Hackers…

Crypto Markets News from John Lothian News – June 6, 2018 Standard

From Crypto to Credit Markets: Key Themes at Bloomberg Invest Anny Kuo – Bloomberg From cryptocurrencies to market conditions to investment opportunities, here are the key takeaways from the Bloomberg Invest conference in New York. /jlne.ws/2kSMP51 Finance Industry Slams Google’s Crypto Ban As ‘Unethical’ and ‘Unfair’ CCN Finance industry executives have argued that Google’s decision to ban cryptocurrency advertising is not only ill-conceived, but unethical. In Facebook and Twitter have enacted similar bans. The ban covers cryptocurrencies, ICOs, crypto exchanges, crypto wallets and crypto trading advice. /jlne.ws/2Jvakip Money20/20: Central Bank Execs Conclude Crypto Is No Threat to Fiat, Yet Molly…

Crypto Markets News from John Lothian News – June 5, 2018 Standard

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A stock exchange behemoth is quietly powering crypto markets across the world Frank Chaparro – Business Insider Nasdaq may not have launched its market for bitcoin futures yet, but it has been quietly powering crypto markets across the world. /jlne.ws/2kPE1fS Ella Zhang of Binance Labs Says the Crypto Bubble Needs to Burst Osato Avan-Nomayo – Ethereum World News Ella Zhang, the head of Binance Labs believes there is a cryptocurrency bubble that needs to burst before true blockchain utility can emerge. Zhang recently announced that Binance was investing $1 billion in support of cryptocurrency and blockchain technology startups. /jlne.ws/2sHbWej Denmark…

Crypto Markets News from John Lothian News – June 4, 2018 Standard

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China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable ‘Super Chain’ Blockchain Protocol Amrit Mirchandani – Toshi Times Baidu is seen to be using Blockchain in many of its services. The latest was a solution to the high energy consumed by cryptocurrency mining. Speaking at an event in China, Xiao Wei the chief scientist at Baidu’s Blockchain division has announced a protocol that will resolve issues related to the energy consumed while mining cryptocurrencies. /jlne.ws/2sIBpV0 Hyperchain Blockchain Creator Completes $234 Million Funding Round Wolfie Zhao – CoinDesk Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5…

Can tZERO and BOX Digital Markets change the face of capital markets? Standard

It would not be an understatement to say that Patrick Byrne thinks big – really big – like a quadrillion dollar market. The Overstock founder and CEO has been building the firm’s tZERO subsidiary, a distributed ledger platform, since 2016 in an attempt to disrupt today’s capital market structure. Last week’s announced deal with BOX Digital Markets, a sister company to BOX Options Exchange, to create a Securities and Exchange Commission regulated market that lists and trades security tokens may do just that. The partnership could dramatically change how capital is raised across multiple asset classes and kickstart the clear…