Ethereum Watch

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 […]

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 […]

A proposed law in New Jersey would make it illegal for firms holding cryptocurrency on the behalf of clients to lend out tokens in its custody. Advertisements A bill submitted to the New Jersey General Assembly by Assemblywoman Yvonne Lopez would prohibit firms that hold cryptocurrency on behalf of clients from lending those funds to […]

EOS releases final version of test network, Monero hard fork results in four new blockchains, top 5 cryptocurrency price changes, and more! Advertisements Block.one has announced the release of the third version of its blockchain platform, EOS.io Dawn 3.0. Image from Akarat Phasura. EOS Announces Release of Final Version of Its Test Network, Dawn 3.0 Open source software […]

IBM join global blockchain identity project, Coinbase in talks to become licensed brokerage firm, top 5 cryptocurrency price changes, and more! Advertisements IBM has announced it is joining the Sovrin Foundation as a “founding steward.” Image from nopporn. IBM Joins Non-Profit To Build Global Blockchain-Based Identity Network IBM has announced it is joining the Sovrin Foundation as a […]

iStock.com/tigerstrawberry Ethereum News Update Investors tend to panic when international organizations talk about cryptocurrency regulation, but is that really the nightmare scenario? Advertisements What we have at the moment seems worse. With each country or state striking its own path on crypto regulation, investors are left without a clear sense of direction. “Where is the industry […]

Vitalik Buterin is coming out against a proposal that would find the blockchain he created changing its software to limit the performance of mining hardware designed to yield a greater cut of the network’s rewards. Advertisements Buterin’s comments, issued in a biweekly developer meeting Friday, come in response to the launch of a new product […]

Coinbase announces new startup funding unit, Verge forced to hard fork after suffering 51% attack, top 5 cryptocurrency price changes, and more! Advertisements Verge has suffered a 51 percent attack, resulting in a loss of 250,000 XVG. Image from arakio. Coinbase Announces New Startup Funding Unit Coinbase has announced the formation of new startup funding unit called Coinbase […]

On Friday, the Financial Conduct Authority (FCA) addressed its regulatory jurisdiction over UK firms offering cryptocurrency derivatives. Advertisements On April 6, 2018, the United Kingdom’s Financial Conduct Authority (FCA) published a statement on the “growing number” of UK firms offering cryptocurrency derivatives. Under the European Union’s Markets in Financial Instruments Directive II (MiFID II), the […]

On Thursday, Chainalysis launched a tool called Chainalysis KYT and revealed plans to provide its services for 10 or more cryptocurrencies by the end of 2018. The company received $16 million in Series A funding from Benchmark. Advertisements On April 5, 2018, investigative blockchain firm Chainalysis officially launched Chainalysis KYT (Know Your Transaction), a real-time […]