Another quiet day in the world of crypto, as Bitcoin price again lurks in the shadows. Here’s today’s movement:
Coinbase Adds Charles Schwab Advisor To Board Of Directors
In continued growth, Coinbase made a couple of notable additions to the team today. Chris Dodds was welcomed to the board of directors, and Jonathan Kellner (former Instinet CEO) was made the new managing director for “the Institutional Coverage Group”.
‘Bitcoin Bug’ Exploited On Crypto Fork As Miners Mints 235 Million Pigeoncoins
Readers may remember an inflation bug in Bitcoin’s code that was discovered a few weeks ago. The “bug was patched on Bitcoin”, but that didn’t necessarily mean the same for coins built on the Bitcoin code. Someone was able to take advantage of the bug in Pigeoncoin, printing millions of excess coins on September 26. A repair has been issued for the problem.
Bloomberg: Puerto Rico’s Noble Bank Reportedly Loses Clients Tether, Bitfinex, Seeks Buyer
It was reported that Tether and Bitfinex exchange has decided to leave Noble Bank International (Puerto Rico). Losing those two, as well as other clients, has put the bank in search of a buyer.
South Korea’s Democratic Party Lawmaker Urges Authorities To ‘Open Up The Road’ To ICOs
South Korea parties have now started to show interest in the ICO market, but still desire to regulate the negative aspects of ICOs. Min Byung-doo is the Democratic Party lawmaker heading up these movements, seeing positives to the ICO market.
CFTC Chairman: Two-Thirds Of Fiat Currency ‘Not Worth Paper It’s Written On’
J. Christopher Giancarlo, CFTC Chairman, made cryptocurrency regulatory comments, in conjunction with the lack of value associated with current fiat money. He also makes statements regarding a promising future for cryptocurrency, with potential levels of adoption by the year 2028.