Archive | decentralized

Hungary Working on Crypto Regulatory Framework

Hungary is reported to working on a framework to regulate cryptocurrency trading through a joint workgroup set up for this purpose. The county is currently far from being a crypto haven with steep taxation and a lack of recognition by the country’s ministry of finance and banking system. Despite this stance, the country, like a […]

Ethereum Founder and Coinbase CEO See Positive Growth in Crypto

Joe Lubin, co-founder of Ethereum, has commented that the fall in recent cryptocurrency prices is no constraint to future positive market growth. The comments were made in an interview with Bloomberg yesterday when the ConsenSys CEO indicated that the big picture was the relevant factor for investors, and not to focus on “pimples on a […]

South Korea Plans Special Crypto Zone Status for Jeju Island

The South Korean island of Jeju sees itself as a potential crypto haven and has requested that the government allows it special crypto zone status. The island’s governor made the request at a meeting with Kim Dong-yeon, Korea’s finance minister and deputy prime minister for the economy, and other government officials in an attempt to […]

India Investigates Replacing Smart Travel Cards with Crypto Tokens

The Indian government is currently in the midst of reviewing the viability of substituting smart travel cards for its own central-bank issued crypto tokens. A senior official from the country’s finance ministry and a member of the committee undertaking applicability research for the crypto token said that the committee is currently researching the use of a custom […]

Venezuela Central Crypto Bank Next as IMF Predicts Million Percent Hyperinflation

It has been reported that there are new plans afoot for a Venezuelan central bank cryptocurrency along with a “superior court to the Supreme Court of Justice”. According to Venezuela National Constituent Assembly member Hermann Escarra, the government is preparing to change the constitution to allow for the new crypto bank. Venezuela’s crisis has steadily worsened as […]

Law Expert Advocates for Blockchain Use in Legal System

In an article for Lawyer Monthly, legal technology expert Paul Sachs advocated for the use of blockchain in the legal system and court proceedings, focusing on the UK in his discussion. Sachs preceded his in-depth analysis of how blockchain could be utilized by stating a necessity for substance to be included in the growing discussion […]

Bitcoin Is Better Than Gold

With the increasingly frequent comparisons of Bitcoin to gold, both as a store of value and a means of transferring value as a form of payment, traditional investors are now weighing in on the advantages of the world’s most popular cryptocurrency. Is Bitcoin superior to gold for use as a currency? The standard Gold is […]

Spanish Political Coalition Calls for Regulatory Body to Explore Crypto

Spanish coalition party Unidos Podemos is proposing a body to oversee the implementation of blockchain technology and crypto regulation in the country. The coalition formed from left-wing parties Podemos, United Left, Equo and smaller parties has suggested the move in order to study the benefits of blockchain and implement its use in public administration in […]

10-Year Token Payment Delay Show Rare Developer Commitment

Beijing-based startup Nebulas has made the decision to postpone the initial coin offering (ICO) team’s token payments. They added an additional seven years to prove their determination for the company’s success, in a rare case of altruism for the lambasted industry. The ICO team were initially planned to be paid through reserves of the startup’s […]

China’s IT Ministry Focuses on Blockchain for Data Security

The Chinese Ministry of Industry and Information Technology (MIIT) has listed a blockchain research laboratory in its list of key labs for the year, published by the government department on Monday. The MIIT is looking to accelerate blockchain adoption by building a strong ecosystem to support a variety of industry sectors and the expansion of the […]

Could Wall Street Banks Become Crypto Custody Specialists?

Wall Street banks are slowly beginning to consider crypto custody as another mainstream service. This, despite the occasional dig at crypto from the big players on Wall Street such as Goldman Sachs recent “cryptocurrency mania” comment last week citing it as one of the top risks for the market, even though the very same bank […]

Nigeria to Launch State-Backed Blockchain Hub in African Crypto Surge

A new Nigerian blockchain hub is being launched by the government in conjunction with a UK blockchain firm. The popularity of Bitcoin in Africa continues to grow, enabled by the presence of a greater number of cryptocurrency exchange platforms. There are benefits to cryptocurrency ownership that are unique to the continent of Africa, many devolving […]

Malta Makes Huge ICO Funding Gains as Crypto Investment Funds Rise in 2018

New crypto funds are continuing to open despite a falling market and apprehension over ETF decisions, according to the latest analysis from Crypto Fund Research. With things seeming to go well for crypto funds, collectively amassing $7.1 billion, they still lag behind traditional hedge funds, with most of the institutional investment managers playing a wait […]

Bitcoin Trade Skyrockets on Turkey’s Crypto Exchanges as Lira Plummets

Cryptocurrency trading surged in Turkey on Friday with the news that the country’s struggling fiat currency lira plunged in value on the money markets. More concerns about President Recep Tayyip Erdoğan’s economic policies and Turkey’s debt level sent the lira spiralling as global markets reflected their concerns about the state of that country’s economy. This […]