Cryptocurrency News

The Bitcoin Cash network update, which was scheduled to take place on November 15, has gone live as planned – at Block number 556.766. And just as most had predicted, there was a hard fork, and the network is currently dealing with massive mining from two different camps.

Technology giant IBM has teamed up with the Spanish telecom company Telefonica to apply Blockchain technology for international call traffic on mobile phones.

Amazon.com Inc. has just won two patents related to the cryptocurrency space. One is related to methods to protect digital signatures’ integrity and the second is focused on improving distributed ledger data storage. Both the patents were published by the USPTO (US Patent and Trademark Office) on November 13.

The President of the Marshall Islands, Hilda Heine narrowly survived a no confidence vote that had been set in motion due to her plans of introducing a national cryptocurrency. The only woman head of state in the Pacific survived the no confidence vote thanks to the parliament being split 16-16. The only reason the opposition did not win is because they lacked the 1 extra vote needed to have her removed from power.

The SGX (Singapore Exchange Limited) and MAS (Monetary Authority of Singapore) successfully tested the implementation of Blockchain for the settlement of tokenized assets.

In the latest cryptocurrency news, there is an Initial Coin Offering (ICO) crackdown happening in the United States right now. As ICOs that are not compliant with the rules from the U. S. Securities and Exchange Commission (SEC) are not allowed, regulators from all over the country are cracking down on these fundraisers. This is meant to protect investors and make companies abide by the Securities Act.

Silver Miller, the American crypto investor law firm, is suing telecom giants AT&T as well as T-Mobile for cryptocurrency thefts on mobiles using their networks.

Crypto-mining hardware making giant Bitmain is launching 90,000 Antminers ahead of the BCH (Bitcoin Cash) hard fork which is scheduled to take place on November 15. According to local news sources, these 90,000 machines are Antminer S9s and will be deployed in the western Chinese province of Xinjiang.

European trading platform eToro unveiled the GoodDollar experiment, a Blockchain-based social project focused on tackling worldwide wealth inequality. The project was presented at the WebSummit that was held in Lisbon, Portugal this week.

Law enforcement authorities in Brazil have asked the Bahamian authorities for help in investigating Tether’s new banking partner, Deltec Bank & Trust. According to local news reports in Brazil, the bank is being investigated for suspicious transactions that could be related to money laundering activities.