No, IBM’s Quantum Computer Won’t Break Bitcoin

IBM recently unveiled its Q System One at the Consumer Electronics Show (CES) 2019, with the company describing the quantum computer as being developed for “commercial use.” Despite numerous media outlets again decrying the imminent death of Bitcoin, IBM’s quantum system is not the game-changer that many are heralding it to be. Also Read: Japanese Regulator […]

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Exchange News: Huobi Trials EOS Exchange, Sharespost Enables Security Token Trade

Exchanges News: Huobi Trial Eos Exchange, Sharespost Facilitates Security Token TransactionIn recent cryptocurrency exchange news, Huobi’s EOS exchange has entered trial operations, Sharespost has facilitated a secondary trade of the BCAP security token, and Bithumb has obtained South Korean Information Security Management System certification. Also Read: Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance  Huobi Launches Trial of EOS Exchange In the […]

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South Korea Urges 14 Countries to Create International Discipline System for Crypto

South Korea Urges 14 Countries to Create International Discipline System for CryptoAt an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation. Also read: Yahoo! Japan Confirms […]

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Japanese Company Trials BTC and Smart Contracts in Real Estate Transactions

Japanese Company Trials BTC and Smart Contracts in Real Estate TransactionsA Tokyo Stock Exchange-listed company has built a cryptocurrency settlement platform for real estate transactions. The firm has tested the platform using BTC and smart contracts for property sales and has released its findings; many benefits were observed over the traditional method. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals BTC and […]

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Japan’s National Police Installing Crypto Transaction Tracking System

Japan’s National Police Installing Crypto Transaction Tracking SystemThe Japanese National Police Agency is reportedly installing a system to track the flow of crypto transactions in order to aid investigations of cryptocurrency-related cybercrime. The system is expected to be limited to major cryptocurrencies, according to local media. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Tracking Crypto Transactions Japan’s National Police Agency […]

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Bank of America Files Patent for Cryptocurrency Custody System

Bank of America Files Patent for Cryptocurrency Custody SystemThe Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises. Also Read: UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins Bank of […]

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CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” - Former FDIC ChairThe former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also […]

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PR: Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator (OOA)

Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator (OOA)Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, announced the Ontology Olympus Accelerator (OOA). The program invites technology and product experts across fields to collaborate in entrepreneurship and build new distributed business applications based on Ontology’s next-generation public chain infrastructure to build an open-source, open-minded, and collaborative distributed trust ecosystem. The Ontology Olympus Accelerator program will provide complete technical, marketing, funding, talent, and legal compliance support. The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups and teams chosen.

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All Cryptocurrency Exchanges in Japan Must Comply With Five New Criteria

All Cryptocurrency Exchanges in Japan Must Comply with Five New CriteriaThe Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior to approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades

Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders UpgradesThe cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]

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