* China seized opportunities in blockchain technology as more than 500 blockchain projects have been registered with the Chinese government since March. Projects include banking giants, tech companies, government projects and others. Congress also passed a cryptography law a day after Chinese president Xi Jinping's call for more research on blockchain techonology, which in turn seemed to trigger a massive positive response from the country in the crypto market. Literally all companies with blockchain on their stock market hit their intra-day maximum gain.
* An unknown Bitcoin Cash (BCH) miner was apparently in control of more than 50% of its hash rate for 24 hours. The miner, or potentially miners, mined over 70 blocks from Oct. 24 to Oct. 25. By controlling 50% of the total hash rate, the miner wasn't far off from controlling the entire network, which is a security risk and could have been one of the biggest consensus attacks the network has seen.
Crypto Capital principal Oz Yosef was indicted on three criminal counts by the U.S. Attorney’s Office, confirming statements made by Bitfinex's general counsel Friday.— CoinDesk (@coindesk) October 27, 2019
Report via @wsfoxley @bitfinex @bitcoinlawyer https://t.co/sLb5wzGlXd
* After the president of Panama-based payments processor Crypto Capital, Ivan Manual Molina Lee, was arrested last week after being suspected of money laundering and being involved in an international drug cartel, another one of their executives has been indicted. Oz Yosef was indicted by the US Attorney for the Southern District of New York on conspiracy to commit bank fraud, bank fraud, and conspiracy to operate an unlicensed money transmitting business. Bitfinex recently alleged Crypto Capital of defrauding the exchange of over $850 million.
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