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The cryptocurrency ecosystem was sent abuzz this week as the US Securities and Exchange Commission (SEC) published a report of two new applications for bitcoin exchange traded funds (ETFs) to be listed on the New York Stock Exchange (NYSE) Arca. Will the crypto gods finally answer some enthusiasts’ prayers for mainstream adoption? Also read: Help Wanted! … Read more
In a statement released 6 April 2018, the Financial Conduct Authority (FCA) of England attempted to clarify its jurisdiction in the ever-booming cryptocurrency industry. While acknowledging cryptos are “not currently” regulated by the bureau, crypto futures, contracts for difference (CFDs), options, and initial coin offerings (ICOs) do indeed fall under their purview. Furthermore, crypto firms … Read more
The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks. Also read: CEO of Korean Exchange Coinnest among Four … Read more
Bitcoin in Brief is your daily roundup of the stories that matter from the cryptosphere. Drama; in-fighting; hacks; humor; it’s all here. In today’s edition, Vitalik Buterin gets catty, Coinbase meets “coinbase”, and Tim Draper has an audacious suggestion for India. Also read: Help Wanted! Japan Needs Crypto Engineers Coinbase and “coinbase” Are Not the Same … Read more
On March 23-25 in Tokyo Japan, the Satoshi’s Vision Conference took place with a view to promoting the worldwide adoption of bitcoin cash (BCH). The conference was the largest cryptocurrency-infused event to date and hundreds of people visited Tokyo to discuss BCH and on-chain scaling. Also read: Upgrade Time: Bitcoin Cash Plans a 32 MB Hard … Read more
The half billion dollar Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts. Rarely mentioned is how, at least in part, the exchange’s problems were due to a lack of crypto engineers in Japan. A dearth of engineering know-how is a perfect recipe for security gaps to be … Read more
The blockchain surveillance company Chainalysis has announced it has raised $16 million USD in a Series A funding round from the firm Benchmark. Chainalysis also reveals it will be stretching its monitoring software efforts towards the bitcoin cash network and hopes by the year-end the platform will cover ten different public blockchains. Also read: Russians … Read more
Billionaire octogenarian George Soros is reportedly taking an interest in cryptocurrency trading. If true, the move would be a remarkable turnaround for the business magnate, who’s previously been scathing of bitcoin, calling it a bubble and a tool of dictators. Also read: George Soros: Bitcoin is Propped Up by Dictators Soros Eyes an Entry into … Read more
The Reserve Bank of India (RBI), the nation’s central bank, has directed all regulated entities including banks not to provide services to businesses dealing in cryptocurrencies such as bitcoin. RBI is doing so to protect consumer interest and to slow money laundering, the bank’s press release stressed. RBI also announced formation of an official study … Read more
The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own. Also Read: Japanese Police … Read more