Ethereum Watch

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 […]

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 […]

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 […]

A patent application by IBM proposes a system that would automatically reconcile conflicting terms in smart contracts deployed on a blockchain network. Advertisements In the blockchain space, it is often remarked that while EDCCs (also referred to as smart contracts) are a promising technology, they are rigidly unforgiving of sloppy programming and incredibly literal in […]

iStock.com/MysteryShot Ethereum News Update The first quarter of 2018 was historically bad for ETH prices, according to a recent CoinDesk report, but there’s a silver lining embedded in the data: namely, that ETH recovered from these types of slumps in the past. Advertisements For instance, Ethereum prices lost 40% in the fourth quarter of 2016. […]

The World Food Programme is exploring an Ethereum-based blockchain solution to track school meals for primary school students in Tunisia. Advertisements The United Nations World Food Programme (WFP) is working with the Tunisian Ministry of Education and Devery, an open-source protocol for verification services built on the Ethereum blockchain, to track food safety for school […]

On Thursday, the Reserve Bank of India (RBI) barred regulated entities from working with businesses or individuals dealing with cryptocurrencies. However, the RBI also addressed the possibility of a central bank digital currency. Advertisements On April 5, 2018, the Reserve Bank of India (RBI) – the nation’s central bank – published a statement by Chief […]

The Japanese digital asset exchange Coincheck will be purchased by an online brokerage. Advertisements On April 5, it was reported that the Japanese cryptocurrency exchange Coincheck, which was robbed of some 523 million NEM tokens on January 26, decided to accept an offer from online brokerage Monex Group to acquire the beleaguered firm. The takeover […]

iStock.com/Nawadoln Ethereum News Update As Ethereum prices trended lower on Wednesday morning, my attention was drawn to a Bloomberg report claiming that cryptocurrency hedge funds are facing a “reckoning” in 2018. Advertisements Are they really? The article says that nine hedge funds have already exited the market, while the rest are sustaining heavy losses. And […]