Alt coins,  Bitcoin,  Innovators,  Media,  Ripple,  United States

Must-reads for October 19, 2018: Ripple exec finds a Harbor, Ticketmaster gets Upgraded, and more

These are the crypto stories you should be following today

Ripple’s Head of Information Security Leaves for Token Startup (CoinDesk)
Sujay Jaladi is leaving Ripple to go to Harbor, “a startup that provides a compliance platform for issuers of private securities housed as tokens on the blockchain. The company’s R-Token standard (the R stands for “regulated”) is compatible with ethereum’s popular ERC-20 token framework, and, according to Harbor’s white paper, can be used to tokenize interests in real estate, limited partnerships, fine art and other assets areas,” writes CoinDesk’s David Floyd.


Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud (CCN)
Controversial ticket scalper seller Ticketmaster just bought Upgraded, a startup that uses distributed ledger technology to fight ticket fraud.


Bitcoin Miner’s Suffering: Mining Machine Resale Value Only at 100 Yuan in China (8BTC)
Nobody wants used Bitcoin mining machines in China. In case you were too lazy to look it up, 100 yuan is $14.43.


Tether Has Yanked $610 Million out of Circulation this Month (CCN)
Coincides with about the same amount worth of bitcoins leaving Bitfinex. Just sayin’…


Federal Court Orders Trading Firm and CEO to Pay More than $2.5 Million for Fraudulent Bitcoin Ponzi Scheme (U.S. Commodity Futures Trading Commission)
While we’re on the topic, the CFTC frowns on Ponzi schemes.


Bookmark this: 

The SEC’s FinHub page: Now you can see what the Securities and Exchange Commission is telling people about stuff like blockchain technology and robo-advisors.

The Bitcoin Wealth Distribution: It’s a sad chart but you need to see it.

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Lawrence Lewitinn, CFA was the founding editor in chief of Modern Consensus. Disclosure: Lewitinn owns no cryptocurrencies in his portfolio.