Ethereum Watch

April 11: the cryptocurrency markets are in the green today, with Ethereum (ETH) more comfortably above $400 and Bitcoin (BTC) close to $7,000, according to data from Coin360. Advertisements ETH is up almost 6 percent over a 24 hour period, trading for around $420 by press time. Advertisements BTC is trading for around $6,954, around […]

The European Commission brought prominent digital technology stakeholders from across Europe together with the aim of reaching joint commitments to bolster the European Union’s digital future. Advertisements The European Commission (EC) today brought together a diverse group of professionals from the fields of digital technology and telecommunications to further the cause of creating a “digitally […]

Next week, Taobao will institute a far-reaching ban on cryptocurrency and blockchain-related goods and services, expanding beyond its current prohibition on virtual currencies and related materials. Advertisements On April 10, 2018, Taobao – a subsidiary of Alibaba Group – published an update to its list of prohibited products, broadening its ban on virtual currency products […]

A joint initiative between the Dutch government’s “Blockchain Pilots” program and the United Nations Office for Project Services will explore the legal potential of distributed ledger technology. Advertisements The United Nations Office for Project Services (UNOPS) is working with the Blockchain Pilots program, run by the Dutch government, to explore how distributed ledger technology can […]

A government think tank in India is working on a proof of concept for a blockchain-based system that could track all drugs produced and consumed in the country. Advertisements An Indian government think tank is working to develop a proof of concept (PoC) that would use blockchain technology to combat the sale of counterfeit drugs, […]

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 […]

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 […]

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 […]

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 […]