Cryptocurrency (Page 6)

The St. Louis Federal Reserve has published an essay critically evaluating the notion of cryptocurrencies that are issued by central banks. The article is highly dismissive in presenting what it describes as “the non-case for central bank cryptocurrencies,” concluding that “a central bank will not issue cryptocurrencies in the senseContinue Reading

A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who doContinue Reading

Despite the multitude of headlines declaring that bitcoin mining was becoming unprofitable over the last four months, the hashrate between both Bitcoin Core (BTC) and Bitcoin Cash (BCH) networks has exploded. At the moment both SHA-256 proof-of-work (POW) powered protocols have been maintaining more than 35 exahash per second, becomingContinue Reading

Almost two thirds of British people would not support a cryptocurrency issued by their central bank, according to a survey. Pollsters also found that the majority of Britons have already heard of bitcoin, however, a third of the respondents admitted they would be more likely to invest in cryptocurrencies ifContinue Reading

An often overlooked hurdle in the formulation of legislative apparatus for cryptocurrency is the challenge of adapting cryptocurrency to the classifications and language of financial regulations. Also Read: Research Paper Declares Bitcoin Compliant With Shariah Law Language Barrier Between Regulators and Crypto Community A recent article authored by Jonathan Chester, theContinue Reading

Private digital currencies are better than any state-issued version, admitted a high-ranking representative of the Swiss National Bank. Cryptocurrencies are also less risky, according to Andrea Maechler, member of the central bank’s governing board. Her comments indicate that Switzerland has no intentions to emit a state-sponsored crypto.   Also read:Continue Reading

On the first day of the three-day event Satoshi’s Vision Conference in Tokyo the creator of a project called Safewords presented a new solution to safeguard cryptocurrency ”passwords”. Safewords is a 2-out-of-3 distributed backup kit for your mnemonic seed words.  Also read: Zhao Dong Recounts How He Lost 9,000 BTC SafewordsContinue Reading

The world’s most famous whistleblower, Edward Snowden, gave a dynamic, wide-ranging interview to Peter Van Valkenburgh during Blockstack Berlin 2018. Mr. Snowden discussed ongoing issues of privacy and cryptocurrency, his preferences, and revealed how bitcoin helped him in his most historic hour. He also took the opportunity to chide growingContinue Reading

Last week the file sharing Bittorrent client that pays users for seeding and sharing bandwidth, Joystream, announced launching on the bitcoin cash (BCH) network. We decided to give the platform a test drive to show how to use the application that offers BCH incentives. Also read: Lawsuit Challenges Google’s BanContinue Reading

There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only thoseContinue Reading

The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal. AlsoContinue Reading