Monthly Archives: March 2018

Coinbase to Support ERC20 Technical Standards “In the Coming Months”

One of the world’s most popular cryptocurrency vendors, Coinbase Inc., is planning on adding Ethereum-based tokens to its milieu of crypto assets. The company made its plans public in a blog post today, March 26, 2018, indicating that it will integrate the ERC20 technical standards into all of its platforms. “We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future,” the blog post reads. […]

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Russian-Ukrainian Cybercrime Gang Arrested In Spain, Allegedly Used BTC To Launder $1.24 Bln

A cybercrime gang that allegedly targeted international financial organizations has been apprehended in Spain for stealing $1.24 bln. The Spanish police have arrested a cybercrime gang made up of Russian and Ukrainian nationals who were allegedly involved in stealing more than $1.24 bln from financial institutions worldwide, subsequently converting their illicit gains into Bitcoin (BTC), Associated Press reports March 26. According to statements issued by the Spanish police and Europol, the leader of the gang, a Ukrainian named “Denis K.” and his three suspected accomplices of Russian […]

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New Data: US Students, Payroll Becoming More Involved In Crypto

1 out 5 US students use their student loans to invest in crypto, while industry insiders prefer to take pay in crypto. According to recent news media reports, US students and employees tend to deal with cryptocurrencies more often: college students use loan money to invest in digital currencies, while crypto industry workers get paid in cryptocurrency. According to a survey conducted between March 16-20 by the Student Loan Report, 21.2 percent of college students have used loan money to fund cryptocurrency investment. The students were attempting […]

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Op Ed: Why Korea Could Be the First Cryptocurrency-Powered Nation

Korea has many of the pieces of the puzzle to become the first “Crypto-Powered Nation,” one that runs on blockchains and supports a crypto economy. Here’s what I learned during an intense two and a half days there in March 2018. Some country out there is going to be the first “Crypto-Powered Nation.” That would be one that has widespread adoption of cryptocurrencies, serves as a global hotbed for crypto-innovation, runs enterprise-grade scalable blockchain infrastructure and has a balanced relationship with government. South Korea could be one […]

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Twitter Confirms Ban On Cryptocurrency Ads

Following rumors earlier this month, Twitter confirms that it will ban cryptocurrency advertising, ban includes ICOs, exchanges, and token sales. Twitter Inc will start banning cryptocurrency advertising effective Tuesday, Reuters reports March 26. Twitter has confirmed rumors that the social media giant would follow Facebook and Google in clamping down on crypto-related advertising. Twitter told Reuters that the ban will cover advertising for Initial Coin Offerings (ICO) and token sales. The policy will be introduced over the course of the next 30 days and will also include […]

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South Korea’s Largest Multi-Billion Dollar Conglomerates Enter The Cryptocurrency Market

South Korea’s largest multi-billion dollar conglomerates in various sectors are entering the cryptocurrency market by funding up-and-coming exchanges. South Korea’s largest multi-billion dollar conglomerates in various sectors including insurance, telecommunications, gaming, and Internet are entering the cryptocurrency market by funding up-and-coming exchanges. The country’s leading corporations have funded such exchanges as Korbit, Bithumb, and Upbit to be involved in the South Korean cryptocurrency exchange market, and be at the forefront of Blockchain development. NHN and OKCoin NHN Entertainment Corporation, better known as NHN, is a $1.2 bln […]

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Crypto Market In The Red, Bitcoin Falls Below $8,000, Ethereum Dips Below $500

Cryptocurrency markets go red, Ethereum has sank below the $500 mark for the second time in the last 30 days, Bitcoins is below $8,000. Monday, March 26: Cryptocurrency markets have accelerated the downward trend that started yesterday, and are currently in the red. Ethereum (ETH) dipped below the $500 level for the second time this month after reaching close to $600 on March 24. Bitcoin is below $8,000. Total market capitalization has dropped to $303 bln at press time, the top-10 digital currencies listed on Coinmarketcap are […]

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Increased Github Scrutiny Means Lazy ICO Developers Have No Place to Hide

Scrutinizing Github commits is a task that calls for technical knowledge. As a result, any layperson scrutinizing a repository won’t glean much other than the level of activity. Thankfully, that’s starting to change. New tools and blogs have made it easier for anyone to discern the quality of code uploaded by cryptocurrency projects. As a result, lazy developers have no place to hide. Also read: Crypto Community Fears Passage of the CLOUD Act Shining a Spotlight on Github Activity Mona the Github mascot The world’s largest host of […]

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Quebec Government Slammed For Dissing Bitcoin Mining

Mining of virtual Cryptocurrencies appears to be receiving positive adoption from various countries across the globe. But despite that success, there are certain governments that have begun the process of banning this activity in their regions, with the latest one being the government of Quebec. Critics From All Corners The latest move by the government of Quebec to have mining of Cryptocurrencies disconnected from their regions has not been received well. Serious critics have come from some of the key industry partakers, led by Francois Remy. Mr. […]

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Op Ed: A Quick-Start Token Sale Compliance Guide: What You Need to Know

Compliance with Anti-Money Laundering (AML) rules and with the economic sanctions administered by the Treasury Department’s Office of Foreign Assets Control (OFAC) can be a daunting task for any business. When it comes to the fast-moving world of token sales and cryptocurrencies in general, much of the legal and regulatory landscape is yet to be settled, but the obligation to comply with AML and OFAC laws is clear. This quick start guide to AML and OFAC compliance aims to provide entrepreneurs and in-house counsel an early roadmap […]

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