Top Crypto Stories for October 11, 2017

It's Wednesday, also known as Hump Day! Time to get down with the latest crypto news and do some speculating.

Crypto.Tickets ICO Is Open

Last week, Crypto.Tickets began its ICO. According to this sponsored article, this new Ethereum-based token is looking to improve the security of event tickets and prevent frequent fraud found in secondary marketplace vendors like StubHub and TickPick. With Crypto.Tickets, proof of ticket ownership will be embedded in the smart contract. The new venture is hoping to raise at least $23 million during its ICO.

Two Ethereum ETNs Launch on NASDAQ Stockholm

Investors who are hoping to take advantage of the growth of the Ethereum blockchain (without actually holding ETH themselves) now have two new options to do so. XBT Provider, an investment company owned by CoinShares, is issuing two Exchange Traded Notes (ETNs) — Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) – that will allow individuals to hold ETH denominated in Swedish Krona or Euros, respectively. The company previously launched a bitcoin-based ETN, but these are the first Ethereum-based securities to trade on the NASDAQ Sweden market.

Governments Fear Cryptocurrency Because They Can't Tax Them

John McAfee, creator of the well-known McAfee Antivirus software and founder of MGT Capital Investments, has said he believes one reason governments fear and mistrust cryptocurrencies is because they cannot be taxed. In an interview with CalvinAyre.com, McAfee said, “Our income taxes are the greatest source of revenue, but if everybody’s using Bitcoin, the government doesn’t know what your income is. They can’t tax it, and if you choose to say I didn’t have anything, they cannot prove otherwise.” Undoubtedly, this is why so many governments, from Russia to Venezuala, are looking to develop centralized versions of cryptocurrencies.

Putin Says Cryptocurrency Poses Serious Risks

Speaking of distrustful government officials, the sometimes-shirtless Russian president is denouncing bitcoin and other cryptocurrencies due to the potential they have for fraud and money laundering. As a predictable result, Putin is calling for more regulations over these currencies, and he has supported an effort backed by the country's central bank to block access to cryptocurrency exchanges.

Hyperledger, Linux Foundation Offer MOOC in Blockchain

With the increase in interest in cryptocurrencies and blockchain technology in general, there is also demand to learn more by the public. Starting later this month, Hyperledger and the Linux Foundation will be offering a massive open online course (MOOC) through edX, a collaborative online learning program created by Harvard and MIT five years ago. Course developers claim that the course is designed for all levels of interest, from those just dipping their toes into the field up to trained developers who want to build apps on the Hyperledger and Sawtooth platforms.

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