A report from PwC states the volume of ICOs so far in 2018 is twice that of the entire year last year
Powered by WPeMatico
Auto Added by WPeMatico
A report from PwC states the volume of ICOs so far in 2018 is twice that of the entire year last year
Powered by WPeMatico
The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would […]
The post Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report appeared first on Bitcoin News.
Powered by WPeMatico
Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex […]
The post Mining Consumes Half as Much Power as BECI Estimates – Coinshares appeared first on Bitcoin News.
Powered by WPeMatico
A senior U.S. regulator has stated that Ethereum “in its present state” is not a security under U.S. law
Powered by WPeMatico
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid […]
The post Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes appeared first on Bitcoin News.
Powered by WPeMatico
A study has found that despite their volatility, cryptocurrencies do not endanger the financial system and the economy of Russia, as the risks are offset by the highly concentrated ownership of digital assets. Crypto fluctuations are not believed to affect consumption either. Russian residents have controlled cryptocurrency worth between $7.5 and $14 billion in the […]
The post Cryptocurrencies Not a Risk to Stability, Russian Study Concludes appeared first on Bitcoin News.
Powered by WPeMatico
In recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE governor Mark Carney expressing his openness to the idea of issuing a digital currency in […]
The post Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong appeared first on Bitcoin News.
Powered by WPeMatico
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 […]
The post Markets Update: Volume Rankings Report for May 2018 – EOS Dominates Leading Exchanges appeared first on Bitcoin News.
Powered by WPeMatico
The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli […]
The post Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites appeared first on Bitcoin News.
Powered by WPeMatico
The majority of blockchain projects have a short life span, averaging a little over one year, according to a report by Chinese researchers. Less than a tenth of the examined projects in the study are still active, a local official revealed at a big data expo in the city of Guizhou. Beijing, however, has recently […]
The post Blockchain Projects Live a Little Over a Year on Average, China Claims appeared first on Bitcoin News.
Powered by WPeMatico