May 31, 2018

Ripple CEO: ‘We May Come to Find That Bitcoin Is the Napster of Digital Assets’

The CEO of fintech firm Ripple has compared Bitcoin to that of Napster, arguing that it could pave the way for greater things. That’s the view of Brad Garlinghouse whose company is San Francisco-based Ripple, which is developing a network for faster global payments. XRP is the token that financial establishments on the network can use to undertake transactions quickly. Garlinghouse made his comments at the Recode’s Code Conference, reports CNET, where he said: “We may come to find that Bitcoin is kind of the Napster of digital assets. This is transformative technology, but Spotify and iTunes and Pandora rule the day because they engaged with regulators to solve a real problem.” He goes on to say that he believes that the idea of Bitcoin replacing fiat money is a bad idea. He argues that while people talk about using […]
May 31, 2018

Give Way to Young Talents! How Game Stars’ Platform Will Solve The Problem of ‘Fresh Blood’ Deficiency in eSports (Interview)

eSports industry is developing quite fast. Tournaments on principle disciplines gather more and more viewers every year. Young players appear on the stage and become real stars in the shortest possible time. Many cyber sportsmen attend multiple tournaments and become real superstars in no time. Several countries have gone even further and allocated an official status for eSports, equating cyber athletes with traditional sportsmen in terms of issuing visas and simplified control. Still, the industry has many problems that are unsolved. The relationships don’t have a clear structure between tournaments participants: gamers, organizers, sponsors. As a result, gamers often don’t get their payments from tournament organizers. eSports are in need of a comprehensive solution that will make the industry transparent, allow cyber athletes to raise funding for professional development, and let investors earn on achievements of beginner and professional cyber sportsmen. […]
May 31, 2018

PR: Mesmr – Revolutionary Decentralized Media Platform Announced

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Los Angeles, CA (May 30, 2018) — mesmr, the blockchain-based new media ecosystem, is announcing the creation of mesmr.tv, a media platform designed for content creators and their audiences. “mesmr was formed due to a lack of trust in today’s new media platforms. Our goal is to give everyone the power to unleash their creativity, own the rights to their personal data and to leverage the transparency of blockchain, giving brands a visible ROI on their marketing spend. We’re building a consumer-centric blockchain in the hopes that we can bring everyone into the world’s new […]
May 31, 2018

Binance Coin Price: Solid Overnight Gains Spell Positive Outlook

With so many cryptocurrencies benefiting from a brief spell of positive momentum, interesting things are bound to happen. In the case of Binance Coin, interesting things are taking place over the past 24 hours. Thanks to a solid 10.69% increase in the past day, the Binance Coin price has risen to $13.81 again. Another Positive Trend for Binance Coin Considering how Binance is the world’s most popular exchange these days, it is only normal the company’s native token is also getting a lot of attention. users can benefit from Binance Coin in many different ways, including using it to settle trading fees, among other things. As such, the Binance Coin price has risen spectacularly over the past few months, even hitting an all-time high of over $23 in early 2018. Similar to most other cryptocurrencies, the Binance Coin price has […]
May 31, 2018

Disillusioned Token Investors Demand Real Talk About Risk

Investors who are passionate about blockchain technology are growing frustrated with a lack of tangible progress on risk management at token projects.
May 31, 2018

Localbitcoincash.org Revamps Website and Adds New P2P Features

A few months ago news.Bitcoin.com reported on the platform Localbitcoincash.org growing popular and adding a few new features. Now the website has revamped its user interface and the website’s developer has added services like a direct crypto-to-crypto exchange and a shopping section where users can post items to sell for Bitcoin Cash. Also read: The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering  Localbitcoincash.org Revamps the Site Again With Newly Added Features Localbitcoincash.org offers an escrow service so buyers and sellers can trade Bitcoin Cash (BCH) in a peer-to-peer fashion. The platform was launched in October 2017 in its beta stage and has seen a lot of changes since then. Localbitcoincash (LBC) pretty much offers the same services as its BTC counterpart Localbitcoins but also has a variety of other options for users. Since our last review, the […]
May 31, 2018

Blockchain Aims to Push Affiliate Marketing Further

Companies are continually looking for the most effective ways to connect with their customers. Regardless of how innovative, capable, or compelling a product is, it’s valueless if it doesn’t resonate with a market that’s willing to pay for it. That’s why companies are paying big dollars to proliferate their brand through advertising. According to data compiled by Statista, companies will spend $218 billion on advertising in 2018, and that number is expected to increase by almost 20% in the next few years. In a crowded marketplace, getting the message out is a top priority. Of course, there is no fixed approach to marketing best practices. They change to reflect the cultural and economic context of the day. For example, while television advertising spent several decades as one of the most effective methods for brand proliferation, that trend has moved toward […]
May 31, 2018

Boston College Study: ICOs Offer Huge Returns, Investors Show Savviness

Researchers from Boston College’s Carroll School of Management recently published a study of initial coin offerings (ICOs) and their significant underpricing. The study finds that significant returns are all but guaranteed for those willing to participate in the controversial new form of crowdfunding and early investment, while also noting that such investors are savvy.  Massive Returns Leonard Kostovetsky and Hugo Benedetti from Boston College’s Carroll School of Management recently published a study of initial coin offerings (ICOs), which confirms what many in the cryptocurrency space already know — namely, that there is a lot of money to be made by participating in the controversial new form of crowdfunding and venture capitalism. Even when factoring in failed projects, the average gains in the ICO space are significant, to say the least. The study concluded: We find evidence of significant ICO underpricing, with average […]
May 31, 2018

5 ERC standards every Ethereum developer should know about

5 ERC standards every Ethereum developer should know about was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
May 31, 2018

2 Out Of The Box ICO’s That Will Surge in 2018

As we approach and pass the halfway point of 2018 a look back shows a year that unfolded differently than many had anticipated. ICO’s and several top Cryptocurrencies are under the spotlight of regulators and central banks and the whole world is trying to figure out how Cryptocurrency will fit into finance and technology in today’s global economy. By the time we passed March the ¼ mark of the calendar year the count on ICO’s already reached and began surpassing 50% of the total of number of ICO’s in 2017. A lot of these projects looking like cheap replicants of projects past or extravagant perhaps unachievable propositions doomed to be marked as vaporware when no major progress takes hold according to the typical ICO project timelines you can usually find nestled into a well crafted shiny website ending in “IO.” […]
May 31, 2018

Cardano Price: Positive Momentum Needs to be Solidified

After what appeared to become a tough afternoon of trading yesterday, the markets have responded in a positive manner. Although there is still a feeling of unease to contend with, most of the top 15 currencies are in the green over the past 24 hours. Things look especially good for the Cardano price as of right now. A Solid Cardano Price Nudge With everything that been going on in the world of cryptocurrency since early 2018, the current gains should be treasured first and foremost. Any sort of positive momentum is usually pushed down immediately, and that trend was apparently forming yesterday afternoon. Even so, the crisis has been averted successfully, at least for the time being. Looking at the current Cardano price, things may remain in the green, at least until the weekend comes around. Over the past 234 […]
May 31, 2018

Ripple Wants People to Stop Calling Its Coin ‘Ripple’

What’s the difference between Ripple the company and ripple (XRP) the cryptocurrency? Many people would assert “Not a lot” given that the former owns most of the latter and its founders were responsible for creating ripple in the first place. Ripple the company has other ideas though, and is on a mission to separate the two ripples – big and small – once and for all. Also read: May Breaks 2018’s Down-Trend in Monthly Total Raised by ICOs The Disambiguation of Ripple and XRP For several months, Ripple has been on a mission to dispel the notion that it is responsible for the XRP currency it issues. Just as Prince once changed himself into a symbol, the project would like to turn its currency into a symbol and keep it that way. This is despite the fact that ‘XRP’ is simply […]
May 31, 2018

Hong Kong Official Rules Out Plan for Central Bank Digital Currency

Hong Kong’s de facto central bank has no plan to issue a central bank digital currency (CBDC), a government official said on Wednesday.
May 31, 2018

Could Government Issued Cryptocurrencies be the Future?

Prominent Economist Mohamed El-Erian sees a future in which an “officially sanctioned” cryptocurrency will exist. Going Cashless “We are moving away from cash,” El-Erian says. “Go to Sweden and you’ll see how fast.” In Sweden, just 2% of the country’s transactions are conducted with cash, and that number is expected to decline further down to 0.5% by 2020. Countries like Canada, the US, and the UK show similar stats. Despite his predictions, El-Erian understands that we are still years away from cryptocurrency US dollars: Change in consumer habits and trust in the new medium doesn’t happen overnight. It’s not something that we’re going to see in the next three to five years. Who Benefits from Government Issued Crypto? Governments launching their own cryptocurrencies via private blockchains seems like a smart move as the dollar and other fiat currencies continue to lose […]
May 31, 2018

Regulations Round-Up: SEC hits Titanium, Israeli Crypto Law Delayed, BTC Trading Legal for Chinese Citizens

In recent regulatory news, the United States Securities and Exchange Commission (SEC) has taken action against the Titanium Blockchain initial coin offering (ICO) for allegedly making false claims; the enactment of Israel’s cryptocurrency regulations have been delayed; and a Chinese professor has discussed the current legal status of bitcoin trading in China, asserting that it is currently not illegal for Chinese citizen to trade bitcoin. Also Read: May Breaks 2018’s Down-Trend in Monthly Total Raised by ICOs SEC Ceases Titanium Blockchain ICO for Elaborate False Claims With North American regulators’ ‘Operation Cryptosweep‘ in high gear, news of regulatory action being taken against suspect initial coin offerings and investment schemes appears to break across the cryptocurrency world daily. The latest target of action from the United States SEC is Titanium Blockchain Infrastructure Services – which has become subject of a court order […]
May 31, 2018

Crypto’s War On Miners? It Might Already Be Over

Months ago, savvy coders were taking an any-means-necessary approach to keeping big miners off their blockchains. Now, reality is setting in.
May 31, 2018

SEC Slams Fraud Charges on $21 Million ICO Company

Titanium Blockchain Infrastructure Services (TBIS) is the latest ICO project charged with fraud by the SEC. The Commission announced on May 29th that a court order had been obtained against the project. Michael Alan Stollery, the CEO of TBIS, is also under investigation by the regulatory body. The TBIS ICO Campaign TBIS was touted as a revolutionary blockchain-based enterprise network infrastructure service. The project offers, supposedly, “ready-to-use” solutions for corporations so they wouldn’t have to worry about building their network architecture from scratch. The project claimed to offer solutions such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Desktop as a Service (DaaS), and Company as a Service (CaaS), among others. TBIS also claimed to use the power of blockchain technology to condense all the enterprise network requirements of a company into the simple convenience of a […]
May 31, 2018

John McAfee Announces Crypto-Backed ‘Fiat’ Currency Redeemable for Face Time With Him

John McAfee announces his own crypto-backed “fiat” currency redeemable for personal time with him
May 31, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, May 30

How bullish are you? Check the latest price analysis to see if you’re right
May 31, 2018

BitBay: Bye Bye Poland, Hello Malta

BitBay, one of Europe’s largest cryptocurrency exchanges, has officially announced the suspension of all company activity in the country of Poland. As a result, the exchange will take its name and operations to a new supplier in the famously cryptocurrency-friendly Republic of Malta’s jurisdiction.  One Country’s Trash… BitBay’s complete suspension of activity in Poland stems from an unwillingness to work with the European cryptocurrency exchange from the Eastern European country’s banks. In an official announcement yesterday, BitBay explained: The activity of the BitBay exchange in Poland requires cooperation with Polish bank. Unfortunately the last Polish bank ready to provide bank services undertook unilateral decision to finish the cooperation with BitBay with the effect at the end of May. In those circumstances the continuation of providing high quality services by BitBay exchange in Poland is no longer possible. BitBay users will […]
May 31, 2018

Watch Live: Tron (TRX) MainNet Launch Conference

TRON (TRX), the blockchain-based decentralized protocol project aiming to be a content distribution platform, is scheduled to officially launch its MainNet on on May 30, 2018 at 8PM PDT.  In conjunction with the launch, the organization is live streaming the MainNet conference, which it has dubbed “A Call for Independence.” Tron Foundation Founder and CEO Justin Sun is […] The post Watch Live: Tron (TRX) MainNet Launch Conference appeared first on Blockchain Beach | Blockchain News and Events.
May 31, 2018

Canadian Crypto Exchanges Push for Greater Regulatory Clarity

Representatives of Canada’s cryptocurrency industry are urging lawmakers to provide greater clarity regarding the regulatory obligations of cryptocurrency exchanges. In response to the absence of clear guidelines, a number of Canadian virtual currency exchanges have taken it upon themselves to voluntary register and report to Canada’s financial regulator. Also Read: Markets Update: Volume Rankings Report for May 2018 – EOS Dominates Leading Exchanges Canadian Crypto Exchanges Push for Greater Regulatory Clarity Canadian media has reported that a number of local cryptocurrency proponents are calling for greater clarity regarding the regulatory apparatus governing the operations of virtual currency exchanges. Joseph Weinberg of Shyft, a company providing identification verification services using blockchain technology, has argued that exchanges have been left in the dark as to their regulatory obligations. “Until you have regulators come out and say, ‘This is what you have to do,’ […]
May 31, 2018

GENEXI Biotech Accelerator Comments on GEN Tokenomics

On June 1, 2018, GENEXI Biotech Accelerator will launch the sale of its utility token, GEN, which is essential for operating in the GENEXI ecosystem. The GENEXI ecosystem is a decentralized platform aimed at supporting innovative projects in the biotech industry, as well as distributing biotech products under GENEXI’s quality seal. This is a niche, secure digital space for all interactions between manufacturers, distributors, and retailers of biotech products. High-tech, blockchain-based solutions ensure absolute transparency of the entire supply chain, from manufacturer to end seller, automate the majority of the supply system, eliminate middlemen and guarantee protection from counterfeit and fraud. GENEXI platform offers an innovative solution for the e-commerce market which will facilitate cross-industry operations within the whole ecosystem. Biotech producers can focus on expanding sales of their existing products and significantly cut the production and distribution costs by […]
May 31, 2018

Cryptocurrency Payment Service Platform SoPay Launches Crowdfunding on the LEEKICO Platform

Sydney, Australia –  SoPay, a project aiming to develop a fast, private and easy-to-use digital currency payment platform, announced its much anticipated token sale will start on May 29, 2018 and end on June 3, 2018. The sale is managed on the LEEKICO platform and expects to collect a total of ETH 10,000. More information about the sale is available on the LEEKICO platform: https://leekico.com/issue/buy/id/69. SoPay is a digital currency payment platform similar to Alipay which provides convenient, rapid, and secure payment service, but for cryptocurrencies. With the SoPay APP, users can recharge, transfer and withdraw their assets simply by entering their 6-digit password with no requirement for storing a private key. Each transaction is validated within one second before it is credited to the account and does not require any service charges. Adding to the convenience, users can also […]
May 31, 2018

Low Capitalization, Institutional Exposure Make Crypto Low Risk, Says Dutch Gov’t Report

A Dutch government agency says that crypto poses a low risk to financial stability, citing low trading volumes and limited exposure of financial institutions
May 31, 2018

ICO Race a New Event for Crypto Startups has Announced Largest Ever Pitching Prize of 1 Million and a Listing on one of the Top Three Exchanges in the World

Organised by Eidoo, the multicurrency wallet and hybrid exchange, the event will be held in Lugano on 7th June 2018 to give ICOs the chance to win the highest prize ever given for a pitching competition Lugano, Switzerland: May 30th – Cryptocurrency app Eidoo is inviting selected ICOs to pitch at The ICO Race held in Lugano, to win a staggering total of $1 million towards token sales. The event one of the first of its kind in the crypto world that will award money to an ICO in exchange for tokens, following a rigorous process judged by a panel of seven experts within the sector. Each ICO will have a 10-minute pitch in front of a qualified panel of judges who will make their evaluation based on five steps; solution of the problem, business & token sale model, token […]
May 31, 2018

Bobby Lee: 95% of ICOs Are Database Projects

China-based cryptocurrency exchange BTCC co-founder Bobby Lee continued the persisting narrative on centralized blockchains May 30, likening them to “databases.” ‘Complete Intellectual Dishonesty’ In a series of tweets, Lee echoed recent comments by cryptocurrency speaker and educator Andreas Antonopoulos on the lack of appeal of blockchains which are not decentralized. “People don’t realize that Blockchain should be distinct & different from Databases, invented decades ago!” he wrote. Bitcoin’s real Blockchain was only invented in 2009. Everyone using a digital ledger is calling it Blockchain, (without) regards to functionality. Complete intellectual dishonesty! People don’t realize that Blockchain should be distinct & different from Databases, invented decades ago!Bitcoin’s real Blockchain was only invented in 2009.Everyone using a digital ledger is calling it Blockchain, w/o regards to functionality. Complete intellectual dishonesty! — Bobby Lee (@bobbyclee) May 30, 2018 Criticism of blockchain has become […]
May 31, 2018

Just 2 days before the end of its ICO, DIWtoken.com launches its Alpha Version

It has already been three weeks since the launch of DIW’s ICO with just one week left to go – just enough time to seize this rare opportunity and join this unprecedented project! The entire team has been on constant alert for months now with quite a few kilos of coffee consumed on many endless meetings and sleepless nights! It has been a unique and amazing experience thus far and everyone is looking forward to the next stage that the project is about to enter. There is a contrast of emotions though within the team. Excitement regarding its own project, but disappointment regarding many others and the industry in general. Unfortunately, ICO projects have made a bad name for the industry and for blockchain technology in general. Some have labelled cryptocurrencies, and especially ICOs ‘Ponzi schemes’, ‘fraudsters’, ‘mothers of all […]
May 31, 2018

The Evolving Face of Software Multimedia

Multimedia is an expression which has been used for some time. In simple terms, it refers to the use of more than one medium of expression, such as the use of a book and a film to tell the same story. In this article, our aim is to explore what multimedia means in terms of modern software, and where these examples are the most visible. Note that some of the most recent forms of gaming, such as blockchain gaming, don’t yet need multiple variants, and so these remain as potential areas of future exploration. Expanding Industries The idea of different forms of software multimedia has a basis in the different uses and strengths of the host devices. Some of the most common forms we have seen this in the past have been from video games. When a new game or […]
May 31, 2018

Science and blockchain — taking a global perspective

Science and blockchain — taking a global perspective was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
May 31, 2018

Are Credit Card Payments Still Top Choice for Businesses in EMV, Crypto Currency World?

More than ever, understanding the benefits of credit card payments is essential for businesses. EMV continues to grow, cryptocurrency is staking its claim as an accepted payment method, and it’s all happening fast. From fraud protection to transaction fees, it can be challenging to know what form of payment is best for your business. One thing is for certain in the digital era, consumers prefer to use debit and credit cards to cash. In fact, a consumer payment study found that 75 percent of U.S. customers choose cards to cash. This makes accepting cards paramount for businesses. However, will new technology push the traditional credit card into extinction? Let’s take a closer look at credit cards, EMV chip card technology, and cryptocurrency to see how they stack up for businesses. Lower Crypto Transaction Fees The rise of cryptocurrency as a form of […]
May 31, 2018

Forex Settlement Provider CLS Invests in Blockchain Consortium R3

CLS, a provider of foreign exchange settlements, has invested in blockchain consortium R3, becoming a member of R3’s Board of Directors
May 31, 2018

Crypto Learning Centers and Courses on the Rise in Japan, Thailand, and South Korea

Learning centers, courses, and crypto educational seminars are on the rise in Japan, Thailand, and South Korea. Bitcoin no Madoguchi and Bit Station have opened up to offer guidance to Japanese investors. The Cryptoasset Revolution course and Cryptonist’s seminar are happening soon in Thailand. Meanwhile, Decenter University and Koscom have launched training courses in South Korea. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Japan In Tokyo, “Bitcoin no Madoguchi” (loosely translated as “Bitcoin’s Window”) recently started offering information on cryptocurrencies, crypto exchanges, and the latest news in the space. The shop is currently accepting reservations from customers seeking guidance. The company’s website explains: You can receive explanations and guidance about virtual currencies for free from the concierge at a real store so that novice investors in virtual currency can enjoy bitcoins and altcoins easily. While the information offered […]
May 31, 2018

Blockchain & Bitcoin Conference Georgia 2018: Mining, Crypto Business and Regulation in Georgia

On June 20, Tbilisi will host the main crypto event of Georgia – Blockchain & Bitcoin Conference Georgia 2018. Participants and partners of the event are founders and promoters of the blockchain industry in the country. Program and Partners The conference will feature Georgian and foreign crypto experts: entrepreneurs, investors, founders of blockchain companies, developers, representatives of state authorities, lawyers and economists. Partners of the event are founders of blockchain industry in Georgia: Association Blockchain Georgia, Bitcoin Embassy Georgia and Blockchain Systems Institute. These organizations became the most active propagandists of blockchain and digital assets in the country. Guests will enjoy discussions on topical issues: specifics of mining in Georgia, state regulation and state administration, prospects of ICO holding in the country. The exhibition area will include well-known companies representing the international blockchain industry: suppliers of mining equipment and farms, […]
May 31, 2018

What do the future blockchain technologies provide for SME lending?

What do the future blockchain technologies provide for SME lending? Blockchain solutions that disrupt trade finance. What do the future blockchain technologies provide for SME lending? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
May 31, 2018

Alternatives to Ethereum in production (May 2018)

NEO and Qtum. Yes, that’s it. tl;dr: This post covers the only two viable and live alternatives to Ethereum as a distributed application platform (NEO and Qtum) and explains my confidence in Ethereum’s dominance. Alternatives to Ethereum in production (May 2018) was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
May 31, 2018

Central Bank Of Russia: Crypto Assets Do Not Pose Risk to Global Financial Stability

The central bank of Russia says that crypto assets don’t constitute a risk to global financial stability
May 31, 2018

Big Data and the Blockchain

We live in a world in which information and its appropriate usage are critical to the success of companies and individuals. Unfortunately, numerous issues arise in the process of data collection, distribution, and usage. Can Blockchain-based technology prove to be the long-awaited remedy for that? Data usage is important across all spectrums, but it has turned out to be absolutely paramount for the advertising industry. And that’s a huge market. In fact, it’s growing so fast that according to Statista it hit $591 billion in 2017 — $209 billion of which was entirely dedicated to digital advertising. Individuals rely on accurate information to make their decisions while enterprises need it to assess market opportunities and their customers in the best possible way. That’s why the need for precise information is only going to grow — making managing big data critical […]
May 30, 2018

Indian Telecom Authority Seeks Blockchain Technology To Thwart Unsolicited Telemarketers

The Indian telecom watchdog has issued a draft of rules intended to combat unsolicited calls and messages.
May 30, 2018

4 Big Reasons To Be a Bitcoin Price Bull

Bitcoin price may continue to hover almost 70% below all-time highs, but the largest cryptocurrency’s technology is the strongest it has ever been. Bitcoinist summarizes the newfound strength of the Bitcoin network, which continues to deliver record statistics in the month of May 2018. Fees As entrepreneur Alistair Milne noted this week,  Bitcoin transactions fees have dropped to their lowest levels in seven years. Not since 2011 was it was so cheap to use Bitcoin, when the network was a tiny fraction of its current size and value. Bitcoin has even started beating altcoin Bitcoin Cash on network fees – something which the latter’s proponents continue to hold up as one of its major features. In future, increasing expansion of the Lightning Network is expected to drive fees below 1 satoshi per byte, keeping long-term transaction costs at a nearly […]
May 30, 2018

Headphones Maker Monster Is Quietly Planning A $300 Million ICO

A longstanding company in the consumer products business wants to fund its own distribution service with a giant ICO, hoping to lure peers to join it.
May 30, 2018

Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales to Crypto Miners

The government of Quebec is reportedly lifting the moratorium on crypto mining in the province, in addition to introducing new regulations for power companies
May 30, 2018

Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value

The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court Has Ruled Supreme Court of South Korea. South Korea’s top court ruled on Wednesday that the government could confiscate cryptocurrencies as crime profits since they are assets with economic value. The case involves Ahn, who operated an online porn site, and his 191 BTC that the prosecution confiscated, as news.Bitcoin.com previously reported. “This marks the first time a cryptocurrency has been subject to confiscation,” the Korea Times wrote. With Wednesday’s ruling, “The Supreme Court recognized cryptocurrency as an ‘asset with measurable value,’” the publication detailed and quoted the Court stating: […]
May 30, 2018

BoE: Central Bank Digital Currency May ‘Strengthen’ Monetary Policy

BoE: Central Bank Digital Currency May ‘Strengthen’ Monetary Policy According to research from the Bank of England (BoE), a central bank issued digital currency has the potential to revolutionize monetary policy. BoE Studies Risks and Benefits of Central Bank-Issued Digital Currency The BoE has been researching how a central bank digital currency (CBDC) would work… The post BoE: Central Bank Digital Currency May ‘Strengthen’ Monetary Policy appeared first on Altcoin Today.
May 30, 2018

New York And Ohio Consider Bills To Clarify The Legal Status Of Blockchains

New York legislature considers a bill to give legal definition to blockchains a week after Ohio makes a similar move.
May 30, 2018

Korean Supreme Court Sets Precedent With Bitcoin Confiscation Ruling

The Supreme Court of South Korea has called for the seizure of nearly 200 bitcoin that were acquired through illegal means. The decision could provide greater clarity on cryptocurrency’s legal status in the country.
May 30, 2018

Roger Ver on ‘the Flippening’: Ethereum Will Upstage Bitcoin Before the End of 2018

Roger Ver believes Bitcoin’s days at the top of the crypto tree are numbered. In an interview with The Independent, the former Bitcoin evangelist said that other cryptocurrencies were more technologically advanced than Bitcoin. He identified Ethereum and Bitcoin Cash as the harbingers of the coming flippening. Bitcoin is Outdated Roger Ver used to be one of the staunchest Bitcoin proponents around. These days, however, his tent is firmly pitched in the Bitcoin Cash camp, the first and most popular of all the Bitcoin forks. According to Ver, Bitcoin is outdated when compared to the technically superior features of the other coins presently in existence. Ver believes that Bitcoin’s technology is rife with defects. These defects will ultimately lead to reduced interest in the premier cryptocurrency. In his opinion, many of the more than 1,600 digital currencies currently in existence […]
May 30, 2018

Robotic Platform Aitheon Releases Software Demo, Continues Token Campaign

The Aitheon platform, which seamlessly integrates AI, smart devices, and robots with human Specialists and Pilots into a perfectly orchestrated solution, has launched its software demo.  The demo allows platform… Continue reading “Robotic Platform Aitheon Releases Software Demo, Continues Token Campaign” The post Robotic Platform Aitheon Releases Software Demo, Continues Token Campaign appeared first on .
May 30, 2018

President Xi Jinping Highlights Blockchain In Speech To Chinese Academy Of Sciences

While describing a “new round of scientific and technological revolutions,” Chinese President Xi Jinping noted the importance of blockchain technology in a speech delivered to scientists and engineers earlier this week.
May 30, 2018

CryptoRepo platform Oxygen aims to be one of first regulated in Gibraltar

Oxygen, a cryptocurrency repo (repurchase agreement) platform from the founders of Changelly today declared they will be among the first to be regulated in Gibraltar. On May 24th, Oxygen’s founders, CEO Alex Grebnev and COO Alex Melikhov presented Oxygen to the Gibraltar Financial Services Commission (GFSC) to become one of the first businesses to operate within the DLT regulatory framework developed specifically for blockchain businesses. CryptoRepo platform Oxygen aims to be one of first regulated in Gibraltar
May 30, 2018

New Zcash Software Sets Stage for ‘Sapling’ Upgrade

The development team of the zcash cryptocurrency has released new software that contains support elements of the network’s planned Sapling upgrade.
May 30, 2018

Austrian Financial Market Authority Stops ‘Active Managed Mining’ Operation

The cryptocurrency industry have created a host of legal questions as old definitions are forced on brand new innovations. Should switching between the most profitable coin to mine at each time be considered some type of fund management? Austrian regulators seem to think so. Also Read: Bitcoin in Brief Wednesday: China Fights Impersonators and Fraudsters Unauthorized Alternative Investment Fund Management The Austrian Financial Market Authority (FMA), Austria’s integrated supervisory body, has announced that, by means of a procedural instruction, it prohibited the business model of Invia Gmbh, a Vienna-registered company offering financial services in conjunction with the mining of cryptocurrencies. This was done on the grounds of the FMA’s suspicion that the company was involved in the unauthorized management of an Alternative Investment Fund (AIF) as defined by the country’s relevant regulations. The Regulators say that the venture was requested to […]
May 30, 2018

Waves’ Potential Removal From UK’s Companies House Register Sparks Major Debate

There appears to be a lot of confusion regarding the Waves project. A new document is circulating on the internet indicating that the firm behind Waves needs to renew its registration. Failure to do so may result in the company being struck off the UK register and dissolved. No Real Concern for Waves Holders Although the document in question seems to indicate that something is amiss with the Waves project, that is not necessarily the case. All this document states is that the Waves parent company must renew its registration with the UK government within the next two months. Failure to do so will result in Waves Platform Ltd. being removed from the Companies House register and dissolved. Although this may seem like a big problem, it is being blown out of proportion on Reddit. The document does not mean Waves is bankrupt or pulled an exit scam by […]
May 30, 2018

BTCC Plans Major Overhaul

A lot of cryptocurrency exchanges exist in this day and age. Not all of these trading platforms are created equal, as some suffer from outdated infrastructures. BTCC, one of the oldest trading platforms in this industry, is looking to upgrade its offerings in the near future. This is a positive development which will benefit all users in the long run. A Major Overhaul for BTCC Most cryptocurrency enthusiasts are familiar with the BTCC trading platform. It is one of the oldest cryptocurrency trading platforms still operating today and has never suffered irreparable damage. Even so, the platform is not perfect, and some big updates appear to be on the horizon. A few days ago, BTCC announced it will launch an upgraded version of its trading platform very soon. The “new” platform will primarily focus on improved liquidity, speeding up deposits and withdrawals, and a few other changes. […]
May 30, 2018

Ethereum Classic Forks Away From ‘Difficulty Bomb’

Developers for Ethereum Classic, a vestigial chain in the cryptocurrency community, have reportedly eliminated the network’s ‘difficulty bomb,’ an original feature of the Ethereum blockchain intended to make proof-of-work mining more challenging.
May 30, 2018

Tezos Confirms Beta Release As Bitcoin Suisse Adds To Lawsuit Controversy

Decentralized application and smart contract platform Tezos has announced “final preparations” for its beta release. Tezos Beta, Mainnet On Horizon The embattled project, which has faced multiple delays, infighting and even consumer lawsuits since its $232 million ICO ended in July 2017, pledged to debut its mainnet release following the successful beta rollout. The custodial Tezos Foundation confirmed the move in a press release and on social media May 29. The betanet is coming! It is important that all contributors verify their donation. Visit https://t.co/uAZ5E5HRWF to learn more. #tezos #tezoslaunchhttps://t.co/rV6KGVOCNr — Tezos Foundation (@TezosFoundation) May 29, 2018 “After reaching fundamental milestones in recent months, the Tezos Foundation is excited to announce that final preparations for the Tezos beta network («betanet») are underway,” the release reads. As launch approaches, the Foundation will make further announcements with additional details on its official […]
May 30, 2018

New Blockchain App For Quick Identity Verification To Help Protect Users’ Data

A new blockchain-powered app could cut time spent on proof of identification processes. After submitting their personal information just once, the users’ identity can be verified by trusted compliance platforms #SPONSORED
May 30, 2018

India’s Telecom Regulator to Use Blockchain to Prevent ‘Pesky’ Telemarketing Spam

India’s telecom regulator has proposes a blockchain-based system to prevent unsolicited telemarketing communications, as well as to protect the privacy of telecom users
May 30, 2018

South Korea’s National Assembly Wants to Restore the Domestic ICO Industry

The South Korean government evidently wants to ease off on cryptocurrency regulation. On Monday, it became apparent that the government will focus on making cryptocurrency trading a lot easier and more straightforward. In another development, it seems the country’s National Assembly wants to allow ICOs once again. Another Regulatory Development in South Korea A lot of things are happening in the world of cryptocurrency these days. Regulators all over the world are keeping close tabs on this industry, which ironically helps to legitimize it. South Korea seems to be leading the charge in this regard, even though some of its existing regulations will be revised in the very near future. Some time ago, the South Korean government made it illegal to conduct initial coin offerings in the country. This was mainly because ICOs posed a legitimate threat to financial stability. Moreover, […]
May 30, 2018

$30 Million Crypto Startup Fund Launched By Mobile Game Maker

A maker of mobile games based in Japan has launched a $30 million investment fund focused on cryptocurrencies and blockchain.
May 30, 2018

Japanese Mobile Game Developer Gumi Launches $30m Crypto and Blockchain Investment Fund

More and more companies are paying attention to cryptocurrency. One wouldn’t necessarily expect a firm such as Gumi to take interest in these markets, though. The mobile game developer is launching a $30m global blockchain investment fund. Known as Gumi Cryptos, the arm will invest in cryptocurrency and blockchain firms alike. Gumi has become a household name in Japan. The firm is best known for its mobile games. Titles include Brave Frontier, which is the biggest success to date. Even so, the developer wants to keep tabs on innovative markets and technologies. As such, the company follows the global trend is investing in cryptocurrency and blockchain firms. A Bold Move by Gumi To do so, the company has created a $30m fund dubbed Gumi Cryptos. The goal is to invest in DLT and crypto startups. Which regions will be targeted […]
May 30, 2018

GDPR: A Nudge to Solve Privacy Fatigue?

As GDPR settles upon our industry, it’s a good time to reflect on how we got here. How did we end up with top-down, government-enforced data management and retention policies? In large part, it’s a way to solve a collective action problem for the global community of users who suffer from privacy fatigue. Everyone knows their data is floating around in the ether, bought and sold without so much as a nod to the “owner” of the digital identity. But the fact is that individuals don’t have the power to force change in the face of companies that serve billions of users. More important, most users overwhelmingly love the convenience and capabilities of these globe-spanning social media services. As a result, frustrated users have just given up fighting for control over their digital identity. GDPR: A Nudge to Solve Privacy Fatigue? […]
May 30, 2018

Ultimate guide to Facebook Crypto Scams

Ultimate guide to Facebook Crypto Scams was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
May 30, 2018

The Altcoins Pattern – Will The History Repeat This Year?

Everyone is still waiting for the next altcoins bull run. At first, people thought the new altcoin season will start in March, then in April and we’re in May and… Continue reading “The Altcoins Pattern – Will The History Repeat This Year?” The post The Altcoins Pattern – Will The History Repeat This Year? appeared first on .
May 30, 2018

Ukrainian Companies Mint 25 Coins, Raise $132 Million

Ukrainian crypto businesses have created 25 digital coins in 2017 and 2018, raising more than $132 million through token sales, according to a new report. Cryptocurrencies are gaining popularity in the country, where the daily trading volume now reaches $1.9 million USD. The growing number of crypto users served by local exchanges has prompted calls for clear but light regulations.      Also read: Ukraine’s Securities Commission Chief Seeks Legalization of Cryptocurrencies as Financial Instruments 3 Exchanges, 4,000 Traders Over the past year and a half, Ukraine-based companies have attracted more than $132 million through Initial Coin Offerings (ICOs), when traditional IPOs (Initial Public Offerings) have made 0 dollars. This according to Ukrainian deputy Alexei Mushak, who took part in the presentation of a new report titled “Green Book: Cryptocurrency Market Regulation.” The legislator believes that it’s time for Ukraine to […]
May 30, 2018

Goldman Sachs-Backed Tradeshift Eyes Blockchain After Successful $250 Mln Funding Round

Tradeshift innovation lab set to pursue blockchain after $250mln in new funding
May 30, 2018

Bitcoin Price Watch: Currency Down to $7,300

At press time, bitcoin has fallen to roughly $7,300. This is $100 less than where it stood yesterday afternoon, though the currency was trading for as high as $7,500 during Tuesday’s evening hours. The bitcoin arena is something of a mixed bag. For example, China’s president Xi Jinping recently endorsed blockchain technology, stating that it has the potential to heal global economies. Speaking at a recent conference with the Chinese Academy of Sciences this week, Jinping said that the advantages of the blockchain are crucial to the development of the 21st century, and he’s hoping for elevated adoption in China. “Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure with artificial intelligence, the internet of things, and blockchain constantly making application breakthroughs,” he stated. This marks a serious […]
May 30, 2018

May Breaks 2018’s Down-Trend in Monthly Total Raised by ICOs

Estimates are indicating that the total sum of capital raised by initial coin offerings (ICOs) in May exceeded the total sum raised in April – comprising the first month-over-month increase in the total sum raised by ICOs in 2018 so far. Also Read: Markets Update: Slight Comeback Shows Cryptocurrencies Press Forward  Month-Over-Month Performance of ICOs Up for First Time in 2018 According to icodata.io, the total sum raised by ICOs in May has exceeded that which was raised in April – comprising the first instance in which month-over-month gain total for the funds raised through initial coin offerings has increased this year. As of this writing, icodata.io estimates that ICOs have raised approximately $715 million USD during May – a more than 27% increase over April’s total of roughly $516 million. Mean Total Raised by ICOs Declines in 2018 Although there […]
May 30, 2018

Bitbay Exchange Moves to Malta After Last Polish Bank Stops Service

Hostile or just overly cautions countries keep losing cryptocurrency-related businesses to more attractive jurisdictions, along with the jobs and tax money that go along with them. The latest example comes from Poland, which Bitbay has been forced to leave for Malta. Also Read: Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin Farewell Poland Poland-based international cryptocurrency exchange, Bitbay, has announced its decision to suspend the activity of the trading platform in Poland. Founded in 2014 in Katowice, the company is said to have over 200 employees and 800,000 users. The reason for the exit from its home market is that Bitbay can no longer receive banking services in the country. “The activity of the Bitbay exchange in Poland requires cooperation with Polish bank. Unfortunately the last Polish bank ready to provide bank services undertook unilateral decision […]
May 30, 2018

Markets Update: Volume Rankings Report for May 2018 – EOS Dominates Leading Exchanges

May witnessed sustained bearish action in the cryptocurrency markets, with many markets giving back most of the gains made during April. When looking at trade volume, we can see that BTC was by far the most traded cryptocurrency, followed by Tether and Ethereum. EOS also saw significant action, rising to become the fourth most traded cryptocurrency during the month. Also Read: 80% of the Top Cryptocurrency Exchanges From 2016 Have Been Replaced $185 Billion USD Worth of BTC Traded in May According to Coinmarketcap, nearly $185 billion worth of BTC has been traded over the course of the last thirty days. During May, more BTC was traded on the 3rd than any other day – during which $10.2 billion worth of bitcoins exchanged hands whilst the BTC markets ramped up to unsuccessfully test resistance at the $10,000 area. By contrast, the […]