Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.

Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.” 

https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/

Cryptocurrency analysts had predicted that the bitcoin price was about to break away from its $6,550 peg, and those predictions came true early Thursday morning. Unfortunately for investors, though, this movement did not occur to the upside.

After briefly making a push toward $6,700 earlier in the week, the bitcoin price was holding steady between $6,550 and $6,600 leading into Thursday morning. Shortly before 1:00 UTC, however, BTC/USD took a steep downward turn, plunging from $6,594 to $6,252 in just 35 minutes. As of the time of writing, the flagship cryptocurrency was priced at $6,288 on Bitfinex, representing a daily decline of about five percent.

https://www.ccn.com/newsflash-bitcoin-price-drops-380-ethereum-ripple-xrp-plunge-9/

Since yesterday’s update, the cryptocurrency markets have produced a strong bounce over the last 24 hours. Of the top ten cryptocurrencies by market cap, Ethereum, and Monero were the day’s top gainers – both of which have posted gains of over 15% in the last 24 hours.

https://news.bitcoin.com/markets-update-ethereum-leads-strong-altcoin-rally/

Could you live without cryptocurrency in your life? For its proponents, bitcoin is a drug that’s had them hooked since the day they discovered it. Not all holders feel the same way though. Stung by massive losses and the realisation that cryptocurrency is taking over their life, some traders forced themselves to walk away for good.

https://news.bitcoin.com/living-with-life-after-crypto/

On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.

https://news.bitcoin.com/bitcoin-cash-stress-test-goes-beyond-24-hours-setting-new-records/

The founder of Bitcoin payment startup Abra, Bill Barhydt has stated that he believes that a bitcoin ETF will be approved within a year, as long as the SEC feels sufficiently comfortable with the caliber of applicants trying to get permission.

Speaking to CNBC, Barhydt stated that the SEC’s refusal to grant permission to a series of bitcoin ETF applications so far is mainly down to the fact that the people making the applications “don’t fit the mold” of personalities the commission is used to engaging with.

https://www.ccn.com/sec-rejects-bitcoin-etfs-because-applicants-dont-look-the-part-abra-ceo/

Google BigQuery, Google Cloud’s Petabyte-scale data warehousing solution, has made the Ethereum dataset available to enable the exploration of smart contract analytics, the company announced on a blog.

BigQuery has made it possible to explore all of Ethereum’s historical data. Ethereum’s ETL project on GitHub includes all source code that can be extracted from the blockchain and entered into BigQuery. Google is seeking new contributors and blockchains.

https://www.ccn.com/google-dives-into-the-ethereum-blockchain-with-its-big-data-analytics-platform/

BTC.com is releasing an Ether (ETH) and Ethereum Classic (ETC) mining client on its portal, according to an August 30 announcement. The expansion is part of the platform's effort to diversify its mining portfolio "to include more GPU/CPU mining options for its users." To accompany the new client, BTC.com is also releasing an Ethereum block explorer and application programming interface.

https://www.ethnews.com/btc-com-unveils-ether-ethereum-classic-mining-pool

India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode.


https://news.bitcoin.com/reserve-bank-of-india-p2p-crypto-trading/

Since the beginning of this year, the whole cryptocurrency market has been on a roller coaster ride. A lot of new tokens like Augur made a huge buzz in the market and a lot more reached a dead-end in the cryptocurrency market.

Along with the emergence of new tokens, the price of Bitcoin BTC and other cryptocurrencies have also made a lot of buzz in the industry because of the “unexpected” downward swing of crypto prices. Many speculators of the cryptocurrency market have remarked that this space is the ‘most controversial’ industry/market in the world.

https://ambcrypto.com/ethereum-eth-the-graveyard-for-icos-and-scams/

According to Reuters news on August 23, the World Bank launched the blockchain bond Bondi (Bondi) has been priced at 100 million Australian dollars (about 73.16 million US dollars). It is reported that the bond is a two-year, yield to maturity of 2.251%, and will be released on August 28.

According to News.mt.co.kr reported on August 20th, the Korean government has defined the cryptocurrency exchange as the de facto gaming industry. Under Korea's strict anti-gambling laws, venture capital is prohibited from investing in companies that cover gambling or market speculation-related activities.

According to a report by bitcoin.com on August 19th, Divyesh Darji, head of the Indian trading platform Bitconnect, was arrested this week at an airport in Madrid. The reason for the arrest was that he and his accomplice were suspected of investing millions of dollars in fraud. They use 60% interest per month, invest in assets such as Bitcoin, and attract and defraud investors in the form of “recommended interests”. Previously, the Bitconnect trading platform was forced to close due to suspected Ponzi scheme.

https://news.bitcoin.com/india-bitconnect-head-arrested/

According to the patent, "For users, the private key of their bitcoin address may be stolen from their wallet, which may be a security issue." "The existing system does not provide a solution to maintain private key security." While still allowing users to checkout on the merchant page and pay with their wallet."

https://www.coindesk.com/coinbase-wins-patent-for-secure-bitcoin-payments-system/