Barry Silbert posts can rise red flag to regulators

According to the securities lawyers, social media posts of Grayscale Investments Head can be considereded as attempts to manipulate the market
26 December 2017   1423

Experts on US stock market legislation are convinced that some tweets of the head of the investment fund Grayscale Investments Barry Silbert about the prospects for the Ethereum Classic course can be defined by financial regulators as attempts to manipulate the market. This is reported by Reuters.

It is risky. I think if I were advising Mr. Silbert, I would suggest that he is better off as a cryptocurrency expert at large rather than making specific comments on one particular cryptocurrency in which he has a heavy concentration of holding. If you have a fund that is issuing a security and the value of the security rises and falls with the price of a cryptocurrency and you are telling people to close their shorts in that cryptocurrency, that is a problem.

Trace Schmeltz 

Partner, Barnes & Thornburg law firm.

In addition, a partner of the law firm Bell Nunnally and a former high-ranking lawyer of the Securities and Exchange Commission of the United States (SEC) is convinced that the US Futures Trading Commission can take the necessary measures to stop the manipulation of the crypto currency market that the department considers to be goods.

It is worth noting that recently, on the eve of the Ethereum Classic conference, in the Discord social network, Barry Silbert publicly advised an ordinary trader to close short positions on ETC, hinting at a potential price increase.

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   786

Sponsored by the Chinese mining giant Bitmain, BTC.com mining pool expands its service by adding the ability to mine Ethereum and Ethereum Classic, CoinDesk reports.

BTC.com, which claims that its share accounted for 21% of all blocks of bitcoin mined last year, will add new functionality on its portal pool.btc.com. The service will allow the miners to switch their hash capacity from one pool to another, depending on what it seems most appropriate in a specific market environment.

According to the announcement, thus BTC.com wants to "help Ethereum to scale its mining infrastructure".

GPU miners are versatile, still profitable and are not easily replaced in a bear market. It's common for miners to split investment into both. Also, there are already ASIC miners for ethereum and ethereum classic which are easier to set up and are dedicated to ethash mining. This will save us from supporting a huge list of GPU coins simultaneously.
 

Zhong Zhuang

Bitman

Company note that the new pool will support the mining with video cards and CPUs, despite the fact that this year Bitmain released its own ASIC-miner, focused on the Ethereum.

In the future, BTC.com may launch other mining pools targeting "popular coins", such as Litecoin, ZCash and Monero, but Zhuang refrained from more specific applications. Before any decision is taken, the company needs to evaluate the network of the cryptocurrency, the quality of its code, the roadmap and the volume of trades, he explained.