Monthly Archives: March 2018

Newly Appointed PBOC Governor Once Called Bitcoin ‘Inspiring’, Praised Its Accessibility

The new governor of the People’s Bank of China could soften stance towards crypto due to his positive view on Bitcoin, as previously reported. Yi Gang, who was “unexpectedly” appointed to serve as new governor of the People’s Bank of China (PBOC) on March 19, could soften the institution’s stance towards cryptocurrencies, given his previously reported positive views on Bitcoin (BTC). According to reports from Chinese media, Yi spoke about Bitcoin at the end of 2013, when he said that the major cryptocurrency cannot be legally recognized […]

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No More Cooked Blocks – Mainstream Auditors Enter the Fray

PwC will help companies monitor their blockchain systems, but they’ll have to learn the ins and outs of decentralized ledger technology. Auditing firms have long kept businesses and financial institutions in check with thorough investigations of company accounts. The process ensures that everyone plays by the rules which protects both employees, investors and customers from being burned by dodgy accounting practices. In what is a big move for cryptocurrency and Blockchain technology, accounting giants PricewaterhouseCoopers will offer Blockchain auditing services to monitor and review the implementation of […]

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American Startup Promises to Reward Users with Cryptocurrency for Demonstrating Expertise

sponsored Startup seeking to harness and monetize knowledge has built a new advertising platform with potential to impact digital advertising and education industries. A knowledge-based American startup using Blockchain and related technologies has built a robust new advertising platform with potential to impact digital advertising and education. Knowledge.io, based in Rocky River, Ohio, rewards people with cryptocurrency tokens for demonstrating knowledge and expertise in myriad topics ranging from Mercedes-Maybach S-Class sedans to Hollywood and Bollywood trivia. It then allows advertisers and marketers to harness this knowledge for […]

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Northern Trust Partners With PwC To Make Real-Time Equity Audits Via Blockchain

Leading asset management firm Northern Trust announced that audit firms can now access private equity data via Blockchain in real time. Leading global asset management company Northern Trust (Nasdaq: NTRS) has announced that audit firms can now access fund data stored on a private equity Blockchain to audit specific events in real time, according to a March 19 press release. Northern Trust launched the first commercial implementation of Blockchain technology for private equity on Feb. 21, which allowed a limited number of clients to manage ownership shares […]

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Ukraine to Compensate a Citizen in Bitcoin – for ”Moral Damages”

A district court in Kiev Oblast has accepted a lawsuit which is setting a precedent in Ukraine. The plaintiff seeks compensation in bitcoin for “moral damages” caused by law enforcement officials. A preliminary hearing has been scheduled after the presiding judge found no legal grounds to reject the claim. Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia Setting a Precedent For the first time in Ukraine’s judicial practice, a claim for compensation in cryptocurrency has been accepted by a local court. Ukrainian citizen Dmitriy […]

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Stellar Gears Up to Implement Lightning Network

Last week, on March 15, 2018, Lightning Labs unveiled their beta for the Lightning Network in a flash of media attention and enthusiasm. The Lightning Network has been heralded as a solution to Bitcoin’s scalability issues, and the developments were greeted by the community with tremendous optimism. A little less than a week later, the Stellar network team has announced that they will be integrating the Lightning Network. That makes Stellar among the first projects to formally announce integration of the Lightning Network since the beta release […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 19

Technical analysis on top 9 cryptocurrencies. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18. The focus will […]

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Hong Kong Securities Regulator Shuts Down ICO, Makes Company Issue Refunds

The Hong Kong securities regulator has ended a company’s ICO for selling unregistered securities. The Hong Kong Securities and Futures Commission (SFC) has stopped Black Cell Technology’s Initial Coin Offering (ICO) on the grounds that the offering constituted an unregistered Collective Investment Scheme (CIS), according to a SFC website bulletin posted today, March 19. Black Cell must now refund Hong Kong investors of their investments in the token, which would support a mobile app call “Krops,” a marketplace for listing agricultural products. Black Cell promoted its ICO […]

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Decentralized Exchanges on the Rise With Kyber and Binance Developments

Decentralized exchanges promise a world in which cryptocurrency can be traded without a centralized middlemen. Nevertheless, the majority of cryptocurrency currently trades on centralized exchanges that have amassed large network effects, offer large amounts of liquidity and have an easy-to-follow user experience. Recently, exchanges Binance and Kyber Network released news of progress toward the future of decentralized exchanges: Binance announced the launch of a decentralized exchange, and Kyber Network made their decentralized exchange beta available to the general public. Decentralized vs. Centralized Exchanges  On a traditional, centralized […]

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76% of This Year’s ICOs Are Already Under Water

2018 has been a tough year for the cryptocurrency markets, and crowdsales have borne the brunt of it. ICOs launching in the first quarter of this year have struggled to turn a profit, with the majority of exchange listed tokens trading at a loss, both in USD and ETH terms. As a consequence, pre-sales provide the only means of turning a profit – and even that’s a long shot. Also read: Many Token Crowdsales No Longer That Open to the Crowds 76% of ICOs Are in the Red […]

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