Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the old vulnerable chain …

A 17-year-old jihadist teenager from Virginia faces up to 15 years in prison for blog and Twitter posts about encryption and Bitcoin, Bitreserve has announced that it is dropping fees for currency conversions, and more top stories for June 12. Jihadist US Teen Faces Prison for Blog and Tweets About Encryption and Bitcoin A 17-year-old Virginia teenager faces up to 15 years in prison for blog and Twitter posts about encryption and Bitcoin that were geared at assisting ISIL. The teenager, who contributed to the Coin Brief news site, pleaded guilty to a federal charge of providing material support to …

The New York State Department of Financial Services (NYDFS) yesterday released the third and final revisions to its BitLicense legislation. The updates are aimed at improving functionality within the industry and making sure businesses are compliant without stifling innovation. Two previous versions of the regulations received much criticism and the third is no different. Here are some Bitcoin community reactions to the updated NY BitLicense: Jesse Powell, co-founder and CEO, Kraken: “The heavy compliance costs on digital currency exchanges will make it much more difficult to operate a profitable exchange in the state. Many fear it will stifle innovation in …

Kraken has emerged as a major player in the Mt. Gox bankruptcy proceedings, confirming its impending role in an array of various financial support operations. The San Francisco based digital currency exchange “has been selected to support the investigation of missing bitcoin and the distribution of remaining assets to the creditors,” a statement on its blog released earlier today reads. “Duties that Kraken may be asked to carry out include the following: Aid in the investigation of possible lost or stolen Bitcoin Aid in the creation of a system to file and investigate claims Help to distribute Bitcoin and/or fiat …