Ethereum Watch

February 16, 2018 6:32 PM Advertisements On Thursday, the CFTC issued a warning about virtual currency “pump-and-dump” schemes. On February 15, 2018, the Commodity Futures Trading Commission (CFTC) published a customer advisory regarding virtual currency pump-and-dump schemes. Advertisements “Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden […]

February 16, 2018 1:09 AM Advertisements Changes to the merchant category codes for cryptocurrency purchases have resulted in transaction errors on the Coinbase exchange; some users claim their bank accounts were left with negative balances. UPDATED | February 17, 2018: Advertisements In a surprise twist, Visa has reversed its position and declared, “This issue was […]

An Ethereum Improvement Proposal editor has given up his role after a nearly two-week long debate over a proposal to set up a process for the recovery of lost funds. The ongoing conversation seems to have raised more questions than it answered. Advertisements Yoichi Hirai, an Ethereum developer who had been acting in the capacity […]

Raising questions is an important part of how governments, companies, and individuals plan ahead. Prediction markets attempt to pair nearly any question with an answer from the future. Advertisements Will it rain tomorrow? Who will challenge Donald Trump in the next US presidential election? Will humans ever live on Mars? According to one notion from […]

February 16, 2018 10:20 PM Advertisements Switzerland’s FINMA has issued guidelines stating that some ICOs will be subject to securities regulation and others to anti-money laundering standards. On February 16, Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), issued guidelines (embedded below) explaining how ICOs will be regulated in the crypto-friendly country. Advertisements […]

February 16, 2018 8:49 PM Advertisements The SEC is investigating three companies after delinquent filings and uncertainty regarding business relationships. After finding problems with the way some companies have operated, the Securities and Exchange Commission (SEC) has halted over-the-counter trading of alternative construction company Cherubim Interests, telecom marketing firm PDX Partners, and the strategic acquisition […]

February 16, 2018 11:41 PM Advertisements On Thursday, cryptocurrency trader Joseph Kim was charged with one count of wire fraud after allegedly stealing millions of dollars of bitcoin and Litecoin from his employer. On February 15, 2018, federal prosecutors charged Joseph Kim with wire fraud. The 24-year-old employee of Chicago-based Consolidated Trading LLC is accused […]

Advertisements Ethereum News Update Earlier in the week, I predicted that Ethereum prices might soar in response to the Commodity Futures Trading Commission’s (CFTC) panels on virtual currencies. They did. ETH prices advanced 6.29% in the last 24 hours, bringing the Ethereum to USD rate to $923.16. This upward momentum puts Ethereum within reach of […]

February 15, 2018 12:03 AM Advertisements The central bank of Saudi Arabia has signed an agreement with Ripple, paving the way for a pilot project through which the bank will help other banks in the country send payments internationally using technology provided by the blockchain company. The blockchain firm Ripple announced on February 14 that […]

Ethereum code editor Yoichi Hirai has resigned from his position following personal concerns that an Ethereum Improvement Proposal (EIP) over a standardized format for lost fund recovery would potentially violate Japanese law. Advertisements Hirai both tweeted his resignation as well as posted a more dramatic explanation of his reasons for resigning on Github: “My blood […]