Upcoming FATF Guidelines Could Bring Doom to Some Crypto Businesses

Upcoming FATF Guidelines Could Bring Doom to Some Crypto Businesses

June 21 may be a “make or break” day for numerous cryptocurrency companies, particularly exchanges and crypto custodians. On that date, the Financial Action Task Force (FATF) is releasing guidance on how countries should oversee digital assets, Bloomberg reports. What Is the FATF? The FATF is a worldwide organization that develops recommendations on how participating nations should handle different aspects of monetary policy. Specifically, the organization is interested in combating…

India Looks to Impose Harsh Crypto Legislation, Market Shift Expected

India Looks to Impose Harsh Crypto Legislation, Market Shift Expected

India’s anti-bitcoin lawmakers have proposed a law that prohibits citizens from possessing, trading or profiting from bitcoin-related ventures which include mining. The “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019” proposes that persons found to be dealing in cryptocurrencies face an unbailable 10 years behind bars. A couple of government anti-money laundering agencies such as the Central Board of Indirect Taxes and Customs (CBIC) and Income Tax Departments…

This Week in Cryptocurrency: June 7th, 2019

This Week in Cryptocurrency: June 7th, 2019

Cryptocurrency market update: Cryptocurrency markets saw a slight correction this week, however, some tokens still saw their time in the sun. The losers: Bitcoin down 4%, Ethereum down 3%, EOS down 16.44%. The winners: Litecoin is up 7.55%, Tron up 6.54%, Cosmos up 12.6%, Chainlink 21.1%, Zilliqa up 26%. cryptocurrency markets Blockstream Developers Accused of Being Paid $850,000 Annually: Blockstream, the Bitcoin Core development company, has allegedly been paying its…

Former Poker Pro Launches MintDice: Online Crypto Casino

Former Poker Pro Launches MintDice: Online Crypto Casino

There are few industries or communities as closely linked as casino and cryptocurrency. MintDice, an online cryptocurrency casino, recently launched with four games users are able to play from anywhere in the world. Be it a high tolerance for risk or innate desire to find a profitable edge whether in the financial system or a game of poker, there is plenty of overlap between those that take casino games seriously…

BitTorrent (BTT) Price Goes “Meh”

BitTorrent (BTT) Price Goes "Meh"

The BitTorrent (BTT) price is down over 5 percent in the last 24 hours following news of BitTorrent and TRON owner Justin Sun donating a whopping $4.57 million to have lunch with Warren Buffet. The deal was part of an auction that Glide, a San Francisco-based charity, hosted last week. BitTorrent is on the decline after a disappointing announcement from owner Justin Sun. | Source: CoinMarketCap Sun is the first…

Bitcoin SV (BSV) Doubled This Week, But Don’t Buy into the Hype

Bitcoin SV (BSV) Doubled This Week, But Don't Buy into the Hype

Bitcoin SV (BSV) took off on a rocketship this week, rising over 120 percent in price since Sunday. Craig Wright’s controversial cryptocurrency was sitting silently around $100 before jolting to a high near $250 earlier today. Since that peak, the price has cooled down and is currently bouncing between $200 and $205. Bitcoin SV was relatively silent until Wednesday. | Source: CoinMarketCap Don’t Get Too Excited A fake Chinese news…

This Week in Cryptocurrency: May 31st, 2019

This Week in Cryptocurrency: May 31st, 2019

Despite a pull-back in the last 24 hours, the cryptocurrency market was generally in the green for the week. Bitcoin gained 4.8% on the week, Ethereum grew 3.64%, XRP gained a hearty 10.5%, and EOS flew up 23%. A few top 100 coins even saw near triple-digit gains, such as Bitcoin SV (up 88%) and MonaCoin (up 88%). However, these price jumps are speculated to be tied to fake news…

What Is Aurora (AOA)? | Combining Two Popular Consensus Mechanisms

What Is Aurora (AOA)? | Combining Two Popular Consensus Mechanisms

What Is Aurora? Aurora is a smart contract platform that combines two different consensus mechanisms, the delegated Proof-of-Stake (dPoS) and Byzantine Fault Tolerance, in the hopes of creating “lightning-fast contracts to link industries such as gaming, big data, artificial intelligence and IoT.” The Aurora team has a few goals in mind for the network as they continue to build it out. First, they want its application to expand beyond the…

Blockchain in the Public Sector: Where’s the Impact?

Blockchain in the Public Sector: Where's the Impact?

Blockchain is best known for its ability to support cryptocurrencies and dapps, but the number of blockchain applications continues to increase as the technology becomes more advanced. At the same time, the user base is also evolving. Governments are beginning to not only test out the capabilities of blockchain technology but also use this technology for improving governance in the real world. Here are a few examples of current applications…

This Week in Cryptocurrency: May 24th, 2019

This Week in Cryptocurrency: May 24th, 2019

This week marks another hearty notch in the continued uptick in cryptocurrency markets, and boy, is it more fun to write about cryptocurrency market gains rather than weekly losses for a year. Bitcoin grew another 13% on the week, bringing its price to an ATH for the year of $8,100. Ethereum is up 8.67%, Bitcoin Cash 17%, Litecoin 16.3%, Dash 19%, and Waves 19%. Even the relative newcomers got some…

Crypto Virtual Wallet Hacks Push Companies Towards Insurance, Advanced Security Technologies

Crypto Virtual Wallet Hacks Push Companies Towards Insurance, Advanced Security Technologies

The growing number of crypto platform hacks is petrifying and virtual wallet companies are investing in advanced security solutions and insurance products to mollify investors. SFOX a digital asset dealer is among the latest agencies to join the trend. According to the announcement, it has partnered with M.Y. Safra Bank to offer traders unique deposit accounts that are insured by The Federal Deposit Insurance Corporation (FDIC). Depositors enjoy a $250,000…

Uber’s First Political Advisor Explores Mobile Voting

Uber’s First Political Advisor Explores Mobile Voting

Bradley Tusk envisions a future where politicians lead for the majority of people, rather than just those who make it to polling places. Tusk, who advised several high-growth startups such as Uber, Lemonade, and Eaze on politics and regulation is a major proponent of mobile voting for local and national elections, and he thinks blockchain can help make it a reality. In the past decade, there have been several initiatives…

This Week in Cryptocurrency: May 17th, 2019

This Week in Cryptocurrency: May 17th, 2019

Outside of a substantial pullback in the past 24 hours, cryptocurrency markets experienced considerable gains over the last week. On the week, Bitcoin is up 13%, Ethereum up 34%, XRP up 24%, Binance Coin up 27%, Stellar up 31%, Monero up 18%, IOTA up 35%, NEM exploded 72%, Verge up 38%, and most other tokens were up double-digit percentages. The cause of growth, however, isn’t certain. Some hypothesize the spike…

Binance CZ Announces BNB Giveaway After Bitcoin Heist, Money Laundering Nightmares Persist

Binance CZ Announces BNB Giveaway After Bitcoin Heist, Money Laundering Nightmares Persist

The recent unprecedented Binance hack that led to over 7,000 bitcoins being stolen sent shockwaves across the cryptosphere and besmirched the crypto exchange’s almost impeccable security record. And now CEO Changpeng Zhao, also known as CZ has announced a $1.2 million giveaway in Binance Coin (BNB) as a “thank you” gift to the company’s customers for being supportive during these trying times. The platform which is considered to be the…

This Week in Cryptocurrency: May 10th, 2019

This Week in Cryptocurrency: May 10th, 2019

Bitcoin continued its growth despite a week of generally negative news for the crypto space, adding another 8.71% growth this week to its 10.35% growth of last week. Other winners on the week include Ethereum (up 2%), Chainlink (39%), ABBC Coin (46.75%), and Arcblock (116%). However, this week’s markets were not all clear skies of green. The majority of coins in the top 100 were down around 8% to 15%….

How Blockchain Voting Works & Why We Need It

How Blockchain Voting Works & Why We Need It

Blockchain Voting Makes Democracy More Transparent There’s a reason why we have to go to a polling place to fill out ballots for our elections. Anonymous ballots are the easiest way to protect the integrity of the vote while also protecting voter privacy at the same time. Digital voting has been a difficult challenge because it’s tough to verify that each ballot is valid while also keeping them anonymous. Blockchain…

Upgrading Ethereum: 2.Zero and the Quest for Scaleability

Upgrading Ethereum: 2.Zero and the Quest for Scaleability

Builders have lengthy wished Ethereum to function a decentralized world pc. To attain this objective the community should preserve its present decentralized structure whereas scaling by a number of orders of magnitude. The blockchain can presently deal with simply 15 transactions per second (tps). As a way to serve the worldwide inhabitants and the approaching deluge of robots and autonomous units, builders have a variety of work on their arms….

Fb Loosens Ban on Crypto Advertisers, Together with Itself

Fb Loosens Ban on Crypto Advertisers, Together with Itself

Earlier right this moment, Fb announced a change to its ban on cryptocurrency and blockchain promoting, efficient instantly. The up to date coverage “now not require[s] pre-approval for advertisements associated to blockchain expertise, trade information, schooling or occasions associated to cryptocurrency.” For those who’re seeking to promote your sizzling, new crypto, although, you’re out of luck. The ‘e book nonetheless requires an software and approval course of for advertisers selling…

Amazon Go Shops Are Ripe for Bitcoin Adoption

Amazon Go Shops Are Ripe for Bitcoin Adoption

Amazon Go is opening its first New York retailer this week at Brookfield Place downtown, CNBC reports. The 1,300-square-foot storefront will be a part of the eleven different Amazon Go shops which have already opened round the USA. Not like a lot of its different places, nevertheless, this cashier-less storefront will settle for money as certainly one of its fee choices. Amazon Go’s Unbanked Discrimination Quickly after launching its first…

What Does Decentralized Finance Imply for the Way forward for Blockchain?

What Does Decentralized Finance Imply for the Way forward for Blockchain?

Decentralized finance is changing into one of many crypto buzzwords of 2019. Past the hype, the DeFi motion gives up some intriguing potential. It goals to create a really decentralized monetary system, one which doesn’t want the normal banking system. A system extra intently aligned to the unique intentions of Bitcoin’s elusive creator than something we’ve seen earlier than. So what’s decentralized finance, and what does it imply for the…