Headquartered in Kiev, Liqui is a crypto-only cryptocurrency exchange with a 235 trading pairs. Liqui offers both a public and private API for programmatic trading and states a 24-hour volume of around 1250 BTC. Liqui’s numerous trading pairs are all against its three main currencies, BTC, ETH, and USDT, meaning that those looking to trade with fiat will want to find a different exchange or a method of converting their crypto after the fact. Overall, It is a good choice for small to medium traders, especially those looking for the ability to trade programmatically against a large number of cryptocurrencies.

Liqui finds itself at #23 on BlockExplorer’s list of the top 25 cryptocurrency exchanges of 2017.


liqui cryptoURL: liqui.io
Launched: 2016
Trading pairs: 235
Deposit Fees: No
Withdrawal Fees: No
Trading fees: Yes
Verification: Yes
Margin Trading: No (coming soon)

Fees and Limits

Liqui lays out its fees in the usual maker/taker scheme, where makers pay a 0.10% fee and takers pay a 0.25% fee. All of Liqui’s trading pairs currently have the same fees applied to them. Fees are listed on Liqui’s Fees and Limits page, with the fees specifically only listed for the three ‘main’ cryptocurrencies you trade against; Bitcoin, Ethereum, and USD Tether.

Limit-wise, Liqui has three levels; New accounts are split into three 24 hour periods, where their withdrawal limit increases by 5,000 USDT or equivalent per day, starting at 5,000 USDT. Following the new account restrictions, an account receives the “Basic Account” withdrawal limits of 50,000 USDT or equivalent per day. And lastly, for “Enhanced Accounts”, the limit is 500,000 USDT or equivalent per day. Note that the Enhanced Account’s limit requires both verification and 2FA to be enabled on the account.


Registering an account on Liqui is simple, and requires a username, email, and password. A confirmation email will be sent to you once you have completed the registration form. And after following the confirmation link in said email, you can begin to trade. Note that new accounts have withdrawal limits that are explained above.


Liqui has one verification level, the requirements for which are not published. Getting verified begins with a support ticket at their support site. Assume that for verification, the usual information is required. Namely a photo ID and proof of residence.


Liqui has a soft feel to its interface, which by default is a cool white with blue highlights. Liqui’s interface also offers a dark mode, which can be toggled with the lamp icon at the top of the page. The dark mode maintains the same highlights but trades the light background and dark text for a dark background with light text. Almost all of the interface switches seamlessly, with charts requiring a refresh. Some users may find the dark mode difficult to read, as the contrast between the text and the background is not very high.

On Liquis main trading page, there is a chart and summary front and centre, with buy and sell dialogues below. Further below is an area to select trading pairs, the current order book, trade history, and your personal trade history.


Liqui offers decent security measures, including 2FA. When logging in to your account, without having 2FA configured, you are emailed a security code for that login. The security code is a massive 64 character string, making it safe from brute forcing in the 5 minutes which it works. Two Factor Authentication is offered via Google Authenticator and is simple to set up, using the standard ‘scan this QR code’ approach.

Otherwise, Liqui offers a complete overview of account login activity. Specifically, you can see all active sessions, with the ability to close them, and you can see all login activity, successful or otherwise. Both account information sections have the date, time, and IP address of the occurrence listed.


by Petros Koutoupis
Originally published in Linux Journal, republished with permission

How to set up a private ethereum blockchain using open-source tools and a
look at some markets and industries where blockchain technologies can add value.

In Part I, I spent quite a bit of time exploring cryptocurrency
and the mechanism that makes it possible: the blockchain. I covered details
on how the blockchain works and why it is so secure and
powerful. In this second part, I describe how to set up and configure your very own
private ethereum blockchain using open-source tools. I also look
at where this technology can bring some value or help redefine how people
transact across a more open web.

Setting Up Your Very Own Private Blockchain Network

In this section, I explore the mechanics of an ethereum-based
blockchain network—specifically, how to create a private ethereum
blockchain, a private network to host and share this blockchain,
an account, and then how to do some interesting things with the

What is ethereum, again? Ethereum is an open-source and public blockchain
platform featuring smart contract (that is, scripting) functionality. It
is similar to bitcoin but differs in that it extends beyond monetary

Smart contracts are written in programming languages, such as Solidity
(similar to C and JavaScript), Serpent (similar to Python), LLL (a
Lisp-like language) and Mutan (Go-based). Smart contracts are compiled
into EVM (see below) bytecode and deployed across the ethereum blockchain
for execution. Smart contracts help in the exchange of money, property,
shares or anything of value, and it does so in a transparent and conflict-free
way avoiding the traditional middleman.

If you recall from Part I, a typical layout for any
blockchain is one where all nodes are connected to every other node,
creating a mesh. In the world of ethereum, these nodes are referred
to as Ethereum Virtual Machines (EVMs), and each EVM will host a copy
of the entire blockchain. Each EVM also will compete to mine the next
block or validate a transaction. Once the new block is appended to the
blockchain, the updates are propagated to the entire network, so that
each node is synchronized.

In order to become an EVM node on an ethereum network, you’ll need to
download and install the proper software. To accomplish this, you’ll
be using Geth (Go Ethereum). Geth is the official Go implementation
of the ethereum protocol. It is one of three such implementations;
the other two are written in C++ and Python. These open-source software
packages are licensed under the GNU Lesser General Public License (LGPL)
version 3. The standalone Geth client packages for all
supported operating systems and architectures, including Linux, are available
here. The source code for
the package is hosted on GitHub.

Geth is a command-line interface (CLI) tool that’s used to communicate
with the ethereum network. It’s designed to act as a link between your
computer and all other nodes across the ethereum network. When a block
is being mined by another node on the network, your Geth installation
will be notified of the update and then pass the information along to
update your local copy of the blockchain. With the Geth utility, you’ll
be able to mine ether (similar to bitcoin but the cryptocurrency
of the ethereum network), transfer funds between two addresses, create
smart contracts and more.

Download and Installation

In my examples here, I’m configuring this ethereum blockchain on the
latest LTS release of Ubuntu. Note that the tools themselves are
not restricted to this distribution or release.

Downloading and Installing the Binary from the Project Website

Download the latest stable release, extract it and copy it to a proper

$ wget https://gethstore.blob.core.windows.net/builds/
$ tar xzf geth-linux-amd64-1.7.3-4bb3c89d.tar.gz
$ cd geth-linux-amd64-1.7.3-4bb3c89d/
$ sudo cp geth /usr/bin/

Building from Source Code

If you are building from source code, you need to install both
Go and C compilers:

$ sudo apt-get install -y build-essential golang

Change into the directory and do:

$ make geth

Installing from a Public Repository

If you are running on Ubuntu and decide to install the package from a
public repository, run the following commands:

$ sudo apt-get install software-properties-common
$ sudo add-apt-repository -y ppa:ethereum/ethereum
$ sudo apt-get update
$ sudo apt-get install ethereum

Getting Started

Here is the thing, you don’t have any ether to start with. With that in
mind, let’s limit this deployment to a “private” blockchain network
that will sort of run as a development or staging version of the main
ethereum network. From a functionality standpoint, this private network
will be identical to the main blockchain, with the exception that all
transactions and smart contracts deployed on this network will be
accessible only to the nodes connected in this private network. Geth will
aid in this private or “testnet” setup. Using the tool, you’ll
be able to do everything the ethereum platform advertises, without
needing real ether.

Remember, the blockchain is nothing more than a digital and public
ledger preserving transactions in their chronological order. When
new transactions are verified and configured into a block, the block
is then appended to the chain, which is then distributed across the
network. Every node on that network will update its local copy of
the chain to the latest copy. But you need to start from some point—a
beginning or a genesis. Every blockchain starts with a genesis block,
that is, a block “zero” or the very first block of the chain. It
will be the only block without a predecessor. To create
your private blockchain, you need to create this genesis block. To
do this, you need to create a custom genesis file and then tell Geth
to use that file to create your own genesis block.

Create a directory path to host all of your ethereum-related data and
configurations and change into the config subdirectory:

$ mkdir ~/eth-evm
$ cd ~/eth-evm
$ mkdir config data
$ cd  config

Open your preferred text editor and save the following contents to a
file named Genesis.json in that same directory:

    "config": {
        "chainId": 999,
        "homesteadBlock": 0,
        "eip155Block": 0,
        "eip158Block": 0
    "difficulty": "0x400",
    "gasLimit": "0x8000000",
    "alloc": {}

This is what your genesis file will look like. This simple JSON-formatted
string describes the following:

  • config — this block defines the settings for your custom chain.
  • chainId — this identifies your Blockchain, and because the
    main ethereum network has its own, you need to configure your own unique
    value for your private chain.
  • homesteadBlock — defines the version and protocol of the
    ethereum platform.
  • eip155Block / eip158Block — these fields add support for
    non-backward-compatible protocol changes to the Homestead version used. For
    the purposes of this example, you won’t be leveraging these, so they are set
    to “0”.
  • difficulty — this value controls block generation time of
    the blockchain. The higher the value, the more calculations a miner must
    perform to discover a valid block. Because this example is simply deploying a
    test network, let’s keep this value low to reduce wait times.
  • gasLimit — gas is ethereum’s fuel spent during
    transactions. As you do not want to be limited in your tests, keep this value
  • alloc — this section prefunds accounts, but because you’ll
    be mining your ether locally, you don’t need this option.

Now it’s time to instantiate the data directory. Open a terminal
window, and assuming you have the Geth binary installed and that it’s
accessible via your working path, type the following:

$ geth --datadir /home/petros/eth-evm/data/PrivateBlockchain
 ↪init /home/petros/eth-evm/config/Genesis.json
WARN [02-10|15:11:41] No etherbase set and no accounts found
 ↪as default
INFO [02-10|15:11:41] Allocated cache and file handles
↪geth/chaindata cache=16 handles=16
INFO [02-10|15:11:41] Writing custom genesis block
INFO [02-10|15:11:41] Successfully wrote genesis state
INFO [02-10|15:11:41] Allocated cache and file handles
↪geth/lightchaindata cache=16 handles=16
INFO [02-10|15:11:41] Writing custom genesis block
INFO [02-10|15:11:41] Successfully wrote genesis state

The command will need to reference a working data directory
to store your private chain data. Here, I have specified
eth-evm/data/PrivateBlockchain subdirectories in my home
directory. You’ll also need to tell the utility to initialize using
your genesis file.

This command populates your data directory with a tree of
subdirectories and files:

$ ls -R /home/petros/eth-evm/
config  data



geth  keystore

chaindata  lightchaindata  LOCK  nodekey  nodes  transactions.rlp

000002.ldb  000003.log  CURRENT  LOCK  LOG  MANIFEST-000004

000001.log  CURRENT  LOCK  LOG  MANIFEST-000000

000001.log  CURRENT  LOCK  LOG  MANIFEST-000000


Your private blockchain is now created. The next step involves starting
the private network that will allow you to mine new blocks and have them
added to your blockchain. To do this, type:

[email protected]:~/eth-evm$ geth --datadir
 ↪/home/petros/eth-evm/data/PrivateBlockchain --networkid 9999
WARN [02-10|15:11:59] No etherbase set and no accounts found
 ↪as default
INFO [02-10|15:11:59] Starting peer-to-peer node
INFO [02-10|15:11:59] Allocated cache and file handles
↪geth/chaindata cache=128 handles=1024
WARN [02-10|15:11:59] Upgrading database to use lookup entries
INFO [02-10|15:11:59] Initialised chain configuration
    ↪config="{ChainID: 999 Homestead: 0 DAO: <nil> DAOSupport:
 ↪false EIP150: <nil> EIP155: 0 EIP158: 0 Byzantium: <nil>
 ↪Engine: unknown}"
INFO [02-10|15:11:59] Disk storage enabled for ethash caches
↪geth/ethash count=3
INFO [02-10|15:11:59] Disk storage enabled for ethash DAGs
 ↪dir=/home/petros/.ethash count=2
INFO [02-10|15:11:59] Initialising Ethereum protocol
    ↪versions="[63 62]" network=9999
INFO [02-10|15:11:59] Database deduplication successful
INFO [02-10|15:11:59] Loaded most recent local header
    ↪number=0 hash=d1a12d...4c8725 td=1024
INFO [02-10|15:11:59] Loaded most recent local full block
    ↪number=0 hash=d1a12d...4c8725 td=1024
INFO [02-10|15:11:59] Loaded most recent local fast block
    ↪number=0 hash=d1a12d...4c8725 td=1024
INFO [02-10|15:11:59] Regenerated local transaction journal
    ↪transactions=0 accounts=0
INFO [02-10|15:11:59] Starting P2P networking
INFO [02-10|15:12:01] UDP listener up
↪[email protected][::]:30303
INFO [02-10|15:12:01] IPC endpoint opened: /home/petros/eth-evm/
INFO [02-10|15:12:01] RLPx listener up
↪[email protected][::]:30303

Notice the use of the new parameter, networkid. This
networkid helps
ensure the privacy of your network. Any number can be used here. I
have decided to use 9999. Note that other peers joining your network
will need to use the same ID.

Your private network is now live! Remember, every time you need to access
your private blockchain, you will need to use these last two
commands with the exact same parameters (the Geth tool will not remember
it for you):

$ geth --datadir /home/petros/eth-evm/data/PrivateBlockchain
 ↪init /home/petros/eth-evm/config/Genesis.json
$ geth --datadir /home/petros/eth-evm/data/PrivateBlockchain
 ↪--networkid 9999

Configuring a User Account

So, now that your private blockchain network is up and running, you can
start interacting with it. But in order to do so, you need to attach
to the running Geth process. Open a second terminal window. The
following command will attach to the instance running in the first
terminal window and bring you to a JavaScript console:

$ geth attach /home/petros/eth-evm/data/PrivateBlockchain/geth.ipc
Welcome to the Geth JavaScript console!

instance: Geth/v1.7.3-stable-4bb3c89d/linux-amd64/go1.9.2
 modules: admin:1.0 debug:1.0 eth:1.0 miner:1.0 net:1.0
 ↪personal:1.0 rpc:1.0 txpool:1.0 web3:1.0


Time to create a new account that will manipulate the Blockchain network:

> personal.newAccount()
Repeat passphrase:

Remember this string. You’ll need it shortly. If
you forget this hexadecimal string, you can reprint it to the console
by typing:

> eth.coinbase

Check your ether balance by typing the following script:

> eth.getBalance("0x92619f0bf91c9a786b8e7570cc538995b163652d")

Here’s another way to check your balance without needing to type
the entire hexadecimal string:

> eth.getBalance(eth.coinbase)


Doing real mining in the main ethereum blockchain requires some very
specialized hardware, such as dedicated Graphics Processing Units (GPU),
like the ones found on the high-end graphics cards mentioned in Part I.
However, since you’re mining for blocks on a private chain
with a low difficulty level, you can do without that requirement. To
begin mining, run the following script on the JavaScript console:

> miner.start()

Updates in the First Terminal Window

You’ll observe mining activity in the output logs displayed in the
first terminal window:

INFO [02-10|15:14:47] Updated mining threads
INFO [02-10|15:14:47] Transaction pool price threshold
 ↪updated price=18000000000
INFO [02-10|15:14:47] Starting mining operation
INFO [02-10|15:14:47] Commit new mining work
    ↪number=1 txs=0 uncles=0 elapsed=186.855us
INFO [02-10|15:14:57] Generating DAG in progress
    ↪epoch=1 percentage=0 elapsed=7.083s
INFO [02-10|15:14:59] Successfully sealed new block
    ↪number=1 hash=c81539...dc9691
INFO [02-10|15:14:59] mined potential block
    ↪number=1 hash=c81539...dc9691
INFO [02-10|15:14:59] Commit new mining work
    ↪number=2 txs=0 uncles=0 elapsed=211.208us
INFO [02-10|15:15:04] Generating DAG in progress
    ↪epoch=1 percentage=1 elapsed=13.690s
INFO [02-10|15:15:06] Successfully sealed new block
    ↪number=2 hash=d26dda...e3b26c
INFO [02-10|15:15:06] mined potential block
    ↪number=2 hash=d26dda...e3b26c
INFO [02-10|15:15:06] Commit new mining work
    ↪number=3 txs=0 uncles=0 elapsed=510.357us

[ ... ]

INFO [02-10|15:15:52] Generating DAG in progress
    ↪epoch=1 percentage=8 elapsed=1m2.166s
INFO [02-10|15:15:55] Successfully sealed new block
    ↪number=15 hash=d7979f...e89610
INFO [02-10|15:15:55] block reached canonical chain
    ↪number=10 hash=aedd46...913b66
INFO [02-10|15:15:55] mined potential block
    ↪number=15 hash=d7979f...e89610
INFO [02-10|15:15:55] Commit new mining work
    ↪number=16 txs=0 uncles=0 elapsed=105.111us
INFO [02-10|15:15:57] Successfully sealed new block
    ↪number=16 hash=61cf68...b16bf2
INFO [02-10|15:15:57] block reached canonical chain
    ↪number=11 hash=6b89ff...de8f88
INFO [02-10|15:15:57] mined potential block
    ↪number=16 hash=61cf68...b16bf2
INFO [02-10|15:15:57] Commit new mining work
    ↪number=17 txs=0 uncles=0 elapsed=147.31us

Back to the Second Terminal Window

Wait 10–20 seconds, and on the JavaScript console, start checking your balance:

> eth.getBalance(eth.coinbase)

Wait some more, and list it again:

> eth.getBalance(eth.coinbase)

Remember, this is fake ether, so don’t open that bottle of champagne,
yet. You are unable to use this ether in the main ethereum network.

To stop the miner, invoke the following script:

> miner.stop()

Well, you did it. You created your own private blockchain and mined some ether.

Who Will Benefit from This Technology Today and in the Future?

Although the blockchain originally was developed around cryptocurrency
(more specifically, bitcoin), its uses don’t end there. Today,
it may seem like that’s the case, but there are untapped industries and
markets where blockchain technologies can redefine how transactions
are processed. The following are some examples that come to mind.

Improving Smart Contracts

Ethereum, the same open-source blockchain project deployed
earlier, already is doing the whole smart-contract thing, but the
idea is still in its infancy, and as it matures, it will evolve to meet
consumer demands. There’s plenty of room for growth in this
area. It probably and eventually will creep into governance of companies
(such as verifying digital assets, equity and so on), trading stocks,
handling intellectual property and managing property
ownership, such as land title registration.

Enabling Market Places and Shared Economies

Think of eBay but refocused to be peer-to-peer. This would mean no
more transaction fees, but it also will emphasize the importance of your
personal reputation, since there will be no single body governing the
market in which goods or services are being traded or exchanged.


Following in the same direction as my previous remarks about a decentralized
marketplace, there also are opportunities for individuals or
companies to raise the capital necessary to help “kickstart” their
initiatives. Think of a more open and global Kickstarter or GoFundMe.

Multimedia Sharing or Hosting

A peer-to-peer network for aspiring or established musicians
definitely could go a long way here—one where the content will reach
its intended audiences directly and also avoid those hefty royalty costs paid
out to the studios, record labels and content distributors. The same
applies to video and image content.

File Storage and Data Management

By enabling a global peer-to-peer network, blockchain technology
takes cloud computing to a whole new level. As the technology continues
to push itself into existing cloud service markets, it will challenge
traditional vendors, including Amazon AWS and even Dropbox and
others—and it will do so at a fraction of the price. For example, cold
storage data offerings are a multi-hundred billion dollar market today. By
distributing your encrypted archives across a global and decentralized
network, the need to maintain local data-center equipment by a single
entity is reduced significantly.

Social media and how your posted content is managed would change under
this model as well. Under the blockchain, Facebook or Twitter or anyone
else cannot lay claim to what you choose to share.

Another added benefit to leveraging blockchain here is making use of
the cryptography securing your valuable data from getting hacked or lost.

Internet of Things

What is the Internet of Things (IoT)? It is a broad term describing the
networked management of very specific electronic devices, which include
heating and cooling thermostats, lights, garage doors and more. Using
a combination of software, sensors and networking facilities, people can
easily enable an environment where they can automate and monitor home
and/or business equipment.

Supply Chain Audits

With a distributed public ledger made available to consumers,
retailers can’t falsify claims made against their products.
Consumers will have the ability to verify their sources, be it food,
jewelry or anything else.

Identity Management

There isn’t much to explain here. The threat is very real. Identity
theft never takes a day off. The dated user name/password systems of today
have run their course, and it’s about time that existing authentication
frameworks leverage the cryptographic capabilities offered by the


This revolutionary technology has enabled organizations in ways that
weren’t possible a decade ago. Its possibilities are enormous, and it
seems that any industry dealing with some sort of transaction-based
model will be disrupted by the technology. It’s only a matter of time
until it happens.

Now, what will the future for blockchain look like? At this stage, it’s
difficult to say. One thing is for certain though;
large companies, such as IBM, are investing big into the technology
and building their own blockchain infrastructure that can be sold to
and used by corporate enterprises and financial institutions. This
may create some issues, however. As these large companies build their
blockchain infrastructures, they will file for patents to protect their
technologies. And with those patents in their arsenal, there exists the
possibility that they may move aggressively against the competition in
an attempt to discredit them and their value.

Anyway, if you will excuse me, I need to go make some crypto-coin.

About the Author
Petros Koutoupis, Linux Journal Editor at Large, is a senior platform architect at IBM for its Cloud Object Storage division (formerly Cleversafe). He is also the creator and maintainer of the RapidDisk Project. Petros has worked in the data storage industry for well over a decade and has helped pioneer the many technologies unleashed in the wild today.

Coinfloor is a London UK, based cryptocurrency exchange that was founded in 2012. It offers 8 trading pairs, all of which are crypto/fiat. Coinfloor finds itself at number 21 on BlockExplorer’s list of the top 25 cryptocurrency exchanges of 2017.

Coinfloor is a good choice for any UK based trader looking to trade in some of the more well-known cryptocurrencies. Specifically, Coinfloor provides trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, and Litecoin. Coinfloor’s markets seem active, with XBT/EUR being the most active trading pair.


coinfloor cryptoURL: coinfloor.co.uk
Launched: 2012
Trading pairs: 8
Deposit Fees: Yes, for fiat
Withdrawal Fees: Yes, for all
Trading fees: Yes
Verification: Yes, one level
Margin Trading: No


Registration on Coinfloor is broken up into three steps. Step one requires just an email address and password. Once you have completed step one, you must confirm your email via a link before proceeding to step two. Step two requires you to configure two-factor authentication, and step three requires you to go through Coinfloor’s verification system.


Coinfloor has a single verification level that is required to trade on the platform. Getting verified is a two-step process that requires a picture of your ID, your full name, your country of residence (including postal code). According to Coinfloor, the verification process should take about a minute for pre-verification in most cases.


Coinfloor’s trading fee system is broken up into three levels where each level is based on the amount you have traded over the past 30 days. On the low-end, the trading fee is 0.30% of your trading and applies for traders with less than $500,000 USD traded over 30 days. For mid-range, the fee is 0.20%, which applies for traders that have traded between $500,000 USD and $1,000,000 USD over the past 30 days. And on the high-end, for more than $1,000,000 USD traded, the fee applied is 0.10%.

Deposit and withdrawal wise, for cryptocurrencies, there is no deposit fee and there is a small withdrawal fee of 0.0050 of that currency, with a minimum deposit of 0.05 and a minimum withdrawal of 0.0005. Fiat wise, the fees are set per currency and can be seen on Coinfloor’s fee page. Minimum deposit and withdrawal for fiat are 5,000 and 2,000 respectively for every fiat currency that Coinfloor accepts.


Coinfloor’s trading interface leaves a bit to be desired, the entire site is built on a white and blue theme, with the occasional green accent. And unfortunately, there is no dark mode available, making late night trading sessions heavy on the eyes. The main trading interface has a market depth chart, but no other charts are offered. Below the chart on the left is an order book, with your personal orders filtered to the right. Directly to the right of the chart is an order submission form. And on top is a trading pair selection drop-down.


While Coinfloor does enforce 2FA, there are unfortunately only two supported 2FA methods, and Google Authenticator isn’t one of them. The two choices you do have are Authy and YubiKey, with YubiKey being the star of the two, as it’s a hardware-based second factor. Otherwise, Coinfloor will email you on every login to your account.

On the corporate side, Coinfloor states that it maintains all of its client’s currency in multi-signature cold wallets. Also stated is that its entire system is regularly tested by penetration testers, though it does not state exactly who, aside from ‘a highly regarded penetration testing firm’.

coin renders

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Wells Fargo Is The Latest Bank To Block Cryptocurrency Purchases On Credit
You can’t buy bitcoin with Wells Fargo credit cards anymore. Engadget reports, “Wells Fargo is pumping the brakes on customers using their credit cards to buy bitcoin — the bank has banned credit card cryptocurrency purchases. However, this isn’t a permanent measure, as Wells Fargo will monitor the crypto market and reassess the issue as needed”.

SEC Launches ICO Portal: Highlights Risks, Rewards, and Responsibilities
According to Tony Spilotro of BlockExplorer, “The United States Securities and Exchange Commission (SEC) is vehemently opposed to a common crowdfunding practice in the cryptocurrency industry called the initial coin offering (ICO). An ICO is similar to an initial public offering where a company or corporation raises investment capital by offering its stock to the public for the first time. Only in an ICO, a digital currency or token is distributed instead of a stock, and the token can have a variety of uses that blur the line of what defines a traditional security.”

Hackers Steal $20 Million Of Ethereum From Ethereum-based Apps and Mining Rigs
The Chinese cyber-security firm Qihoo 360 Netlab reported hackers stole over $20 million of Ethereum. BleepingComputer tells us, “The cause of these thefts is Ethereum software applications that have been configured to expose an RPC [Remote Procedure Call] interface on port 8545. The purpose of this interface is to provide access to a programmatic API that an approved third-party service or app can query and interact or retrieve data from the original Ethereum-based service —such as a mineror wallet application that users or companies have set up for mining or managing funds.”

Argo Blockchain to List on London Stock Exchange, Launches Subscription Crypto-mining
Argo Blockchain, a business that seeks to offer cryptocurrency-mining to the masses, announced its plans to list its shares on the London Stock Exchange. BlockExplorer’s Julia Travers shares with us that “the announcement coincided with the launch of Argo’s Mining as a Service, or MaaS, program, which will allow users to participate in mining through the Argo site with their home computers or smartphones.”

coin renders

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Gemini To Become First BitLicensed Exchange To Offer Trading in Zcash
The New York State Department of Financial Services has authorized Gemini Trust Company to offer trading of Zcash, Litecoin and Bitcoin Cash. Tyler Winklevoss, Chief Executive Officer of Gemini Trust Company, LCC said, “We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash, an incredible new form of digital cash.”

Crypto Mining Company Coinmint Moving To Revamp 1,300 Acre Alcoa Plot
Once used for aluminum smelting, an Alcoa plant in Upstate New York is going to be converted into one of the world’s largest bitcoin mining centers. CNBC reports Coinmint said Tuesday it “would invest up to $700 million in the upstate New York location, which it expects to be the biggest bitcoin mining center in the world. The project will create an estimated 150 jobs over the next 18 months.”

Cryptocurrency Theft Malware Now An Economy Worth Millions
According to a new research report titled “Cryptocurrency Gold Rush on the Dark Web” by Carbon Black, the market for malware and tools designed for the theft of cryptocurrency is growing swiftly. ZDNet states, “The researchers estimate that over the past six months alone, a total of $1.1 billion has been stolen in cryptocurrency-related thefts, and approximately 12,000 marketplaces in the underbelly of the Internet are fueling this trend.”

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