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Month: April 2018

cryptocurrency April 10, 2018

XRB investors have sued Nano, the rebranded firm that issued those tokens, and requested that the company be ordered to execute a hard fork in order to restore stolen funds. Advertisements A newly filed class action lawsuit seeks a hard fork of the Nano network in order to make whole customers of the BitGrail cryptocurrency […]

cryptocurrency April 10, 2018

Alibabacoin (ABBC) Foundation filed a response to Alibaba Group’s complaint, refuting any intentional breach of rights. Advertisements Last week, ETHNews reported that Chinese e-commerce megacompany Alibaba Group Holding filed a trademark lawsuit against Dubai’s Alibabacoin (ABBC) Foundation, which is in the second phase of an ICO, in the US District Court for the Southern District […]

cryptocurrency April 10, 2018

General Idea With the development of blockchain technologies and may projects that are being built upon it, data and platforms are scattered all around. The developers behind this project have noticed that different pieces of the new Internet are born as building blocks, however there is no convenient way for them to work together, yet. […]

cryptocurrency April 9, 2018

Things may be looking up for Ethereum’s native token, ether (ETH). Advertisements Having suffered a 50 percent decline in March, the world’s second-largest cryptocurrency by market value fell to $394 by April 1 – the lowest level since Dec. 7, according to Bitfinex data. However, at the time, ETH was extremely oversold, with the 14-day […]

cryptocurrency April 9, 2018

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Advertisements Ethereum has four milestone phases in its development post-release; Frontier, Homestead, Metropolis, and Serenity. Ethereum is currently in phase three – Metropolis version Byzantium. However, Ethereum has had a difficulty bomb – a protocol that makes mining […]

cryptocurrency April 9, 2018

On Friday, the State Bank of Pakistan prohibited regulated entities from facilitating cryptocurrency-related transactions. Within hours, Urdubit announced its closure. Advertisements On April 6, 2018, Muhammad Akhtar Javed, director of the State Bank of Pakistan (SBP), issued a circular entitled “Prohibition of Dealing in Virtual Currencies/Tokens.” Virtual currencies and tokens issued through initial coin offerings […]

cryptocurrency April 9, 2018

SARS recently clarified that, for now, it will not be creating new tax rules for cryptocurrencies. Gains and losses will need to be reported as assets under existing laws. Advertisements As announced on April 6, the South African Revenue Service (SARS) will be treating cryptocurrencies as “assets of an intangible nature,” not as traditional currencies, and […]