Ethereum Watch

High-ranking government officials continue to speak out on the possibility of central bank digital currencies. Advertisements In the last several days, officials from Hong Kong and the UK have weighed in on the possibility of their jurisdictions issuing central bank digital currencies (CBDCs). Following a series of blockchain-related questions from legislator Dennis Kwok, Hong Kong’s […]

Portugal’s Autoridade Tributária e Aduaneira has published guidelines for how value-added tax regulations may be applied to initial coin offerings. Advertisements Portugal’s Tax and Customs Authority, or Autoridade Tributária e Aduaneira (AT), published guidelines (in Portuguese) of how certain tokens could be taxed. The publication came in response to a company that is planning an […]

After compromising the personal information of approximately 90,000 customers at two Canadian banks, hackers demanded $1 million of XRP for the supposedly safe return of the data. While we’ve grown more accustomed to bitcoin-based ransoms, criminals may be attracted to the liquidity in the altcoin market and the lax KYC protocols on some of the […]

The company behind Beats headphones is in financial distress. According to filings with the Securities and Exchange Commission (SEC), in 2017, Monster Products Inc. (formerly known as Monster Cable Products Inc.) booked a comprehensive loss of $27 million. Already for Q1 of 2018, the company has incurred a net loss of approximately $19.6 million. It’s […]

An investigation into a Chinese cryptocurrency pyramid scheme has culminated in several successful prosecutions, as well as the recovery of hundreds of millions of dollars worth of yuan. Advertisements Local Chinese media are reporting that Chinese prosecutors were able to successfully recover 1.7 billion yuan ($267.5 million) from a cryptocurrency Ponzi scheme known as OneCoin […]

Background on BTC Mining Fundamentally, Bitcoin mining is an activity which adds Bitcoin transactions to the blockchain ledger. The process of mining is referred to as proof of work. Bitcoin mining creates proof of work by solving mathematical problems to create hashes. Advertisements For a miner to verify a transaction, they must first calculate a 64-digit […]

ETHNews spoke with attorney Jason Somensatto, who shared his thoughts on the SEC’s latest initial coin offering complaint. Advertisements Down goes another ICO! On May 29, 2018, the Securities and Exchange Commission (SEC) announced that it “obtained a court order halting an ongoing fraud involving an initial coin offering that raised as much as $21 […]

On Monday, the special committee on the fourth industrial revolution urged the National Assembly to regulate ICOs rather than allow them to be banned without exception. Advertisements In response to a universal ban on initial coin offerings (ICOs) instituted by South Korea’s Financial Services Commission (FSC) last September, a subcommittee of the National Assembly of […]

Bithumb bans citizens of high-risk countries from its platform, top 5 cryptocurrency price changes, and more! Advertisements Bithumb has announced it is prohibiting citizens of North Korea, Iran, Iraq, Sri Lanka, and seven other countries that are considered “high-risk jurisdictions” from using its platform. Image from ezphoto. Bithumb Bans Citizens of “High-Risk” Countries From Using Its Platform Bithumb, […]

Ethereum classic (ETC) is set to fork in the coming days as part of a bid to diffuse a so-called ‘bomb’ in its code. Advertisements Set for block 5,900,000, the change, in which all users of the original ethereum blockchain will need to update their software, is meant to disable a feature that is designed to […]