The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial […]
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The Tether company has quickly made an impact in the world of cryptocurrencies. Although there are some concerns about the company and its liquidity, it is moving ahead in an effort to expand its presence. Its latest venture involves using both USDT and EURT on top of the Ethereum blockchain. It is a pretty interesting development, considering that both of these currencies are compatible with the ERC20 token standard. Ethereum-based EURT and USDT Have Arrived It is always interesting to see how companies deal with the concept of fiat-backed stablecoins. Although Tether has built up a rather solid reputation in this regard, there are still people who
Late last year, the United States Federal Communications Commission voted 3-2 in favor of dismantling Obama-era regulations that prohibited ISPs from privileging content. This was a huge defeat for internet rights activists and consumers everywhere. However, while the case seems shut to many, there is still a resistance ongoing – with some rather large companies in its ranks. Netflix tweets litigative threats at the FCC While I find it truly amazing that our world today has tech giants, government agencies, and influential people all duking it out 280 characters at a time, a tweet from Netflix demonstrates just how willing the
When you are dealing with platforms that are supposed to be the on-ramps to the money of the future it’s hard to accept worse performance than the systems of the past. Unfortunately, this an issue plaguing all major cryptocurrency exchanges at the moment with Coinbase being one of the leading examples right now. Also Read: […]
Steve Deng, associate professor of software at Tsinghua University, a well-known scientist of Artificial Intelligence and the chief Artificial Intelligence scientist of MATRIX blockchain team. After getting his bachelor and master degrees in Tsinghua University in 1995 and 1998, Steve Deng went to Carnegie Mellon University in 2006 to pursue his Ph.D in Computer Science. Before he got his Doctor degree, Steve Deng had already been hired as a counseling engineer in American Incentia Design Automation company. In January 2006, Steve Deng joined American Magma Design Automation company and became a counseling researcher. In March 2008, he came back to
Recently, the US Attorney General, Jeff Beauregard Sessions, rescinded Obama-era memos which allowed states that had legalized marijuana (either recreationally, medically, or both) to grow and operate their businesses without too much fear of federal government intervention. While we could talk for hours about this questionable decision from a man who has championed himself as a states’ rights advocate in the past, I wanted to focus on what it may mean for markets and for a cryptocurrency dedicated to the cannabis industry, PotCoin. Sessions’ decision may have implications for PotCoin PotCoin is an altcoin that was created to facilitate transactions
The US Securities and Exchange Commission (SEC) received yet another request to approve Wall Street bitcoin exchange-traded funds (ETFs). This time, the New York Stock Exchange (NYSE) wishes to list five new ETFs, so-called leveraged and inverse funds which increase risk and reward. Also read: African Central Banks Urged to Ditch Dollar and Buy Bitcoin […]
It has been a pretty interesting weekend for most cryptocurrencies. Although Bitcoin is still struggling as we speak, other currencies are recording new highs. The Monero price, for example, reached a new all-time high in US Dollar value of $475. A very interesting development, especially when considering how this currency doesn’t necessarily have the appeal of other currencies which surge in value these days. Monero Price Surpasses $475 It doesn’t happen all that often the Monero price gets people excited these days. Unlike most currencies which are in the top 20 ranked by market cap, Monero doesn’t get major pump-and-dump