Credit:iStock.com/Adrian Bysiak I’ve often heard that wisdom is the rarest commodity on Earth, but I never fully grasped its meaning till yesterday. I was reading conflicting reports about Korea’s impending regulations—none of which is written in stone—and then ETH prices fell by double digits. I was shocked. One report said that Korean authorities were contemplating […]
The Gibraltar Blockchain Exchange (GBX) is planning on selling “Rock Tokens” to raise USD 6 million. Photo by Igor Grochev. Rumors of a Ban on Cryptocurrency Trading in South Korea According to the Guardian, there are rumors of an upcoming ban cryptocurrency trading in South Korea due to concerns over tax evasion. The market price of Bitcoin […]
What if there were no exchanges to hack? As a new generation of crypto users begin to invest in the technology, developers are growing concerned about its infrastructure. They’ve seen this happen before – new users enter the space attracted by big gains, then suddenly, a catastrophic failure, usually at the very exchanges designed to […]
In February, the Senate Banking Committee will hold a hearing on cryptocurrency. The meeting will reportedly feature testimony from the leaders of the CFTC and the SEC, agencies that have cautiously defined the parameters of cryptocurrency regulation. On Thursday, it was reported that the US Senate Banking Committee plans to host a hearing on bitcoin […]
Bills introduced to state legislatures in Florida and Nebraska would allow for EDCCs, or smart contracts, to be legally enforceable. They would also define qualifying blockchain-mediated digital signatures as legitimate in the eyes of the law. A bill introduced to the Florida House of Representatives on January 9 proposes to recognize EDCCs (popularly known as […]
Investors and exchanges in South Korea were bracing themselves for what was understood as a potential government-issued ban on cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels. UPDATED | January 11, 2018 4:25 pm On Wednesday, January 10, 2018, reports from […]
Recently, Venezuela has found it almost impossible to make scheduled payment for $120 billion debt it owes foreign lenders and bondholders, due to the sanctions that forbids its government from using the US banking system. The President, Nicolás Maduro, of the country has now resorted to an ingenious way of raising funds for the nation; […]
Source: dencg / Shutterstock.com Over the past few years, the number of monthly Bitcoin transactions has skyrocketed. Source: Wikipedia The problem is, the current mechanism is not sufficient to maintain these levels of growth. Right now, the state of all blockchain protocols involves every node storing all states and processing all transactions. While this provides […]
Credit:iStock.com/ByoungJoo Once again, regulators at the U.S. Securities and Exchange Commission (SEC) have rejected applications for Bitcoin-based exchange-traded funds (ETFs), citing volatility as their main concern. Three different funds submitted proposals for the ETFs. However, all three put distance between the proposed product and the underlying asset, meaning that the ETFs would not hold Bitcoin […]
January 10, 2018 12:17 AM The vice chairman of the South Korean Financial Services Commission is calling for support from regulators around the world to examine cryptocurrencies. On January 8, 2018, vice chairman of the South Korean Financial Services Commission, Kim Yong-bum, appeared before the Steering Committee of the Financial Stability Board (FSB), an international […]
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