Monthly Archives: May 2018

Blockchain Asset Company Huobi Group Announces Expansion to Canada

On May 4, 2018, at EDCON in Toronto, Canada, the Huobi Group announced its plans to expand to the Canadian market with a fully operational office in Toronto by the end of the year. This expansion marks the blockchain asset company’s second move into North America this year after setting up operations in San Francisco, and it comes just weeks after Huobi announced it would be opening European operations with an office in London, as well. The expansion will include “all the arms of the Huobi Group,” […]

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UBS Chairman: Cryptocurrencies Are ‘Highly Speculative Investment Vehicles’

Chairman of Swiss bank UBS warns investors against cryptocurrencies and calls them at best ‘highly speculative investment vehicles’. UBS chairman Axel Weber has stated that Switzerland’s largest bank will not offer its customers trading in Bitcoin and other cryptocurrencies, reported Cointelegraph auf Deutsch May 3.  Weber called for stricter controls on cryptocurrencies, stating “[t]hey [cryptocurrencies] are often not transparent and, therefore, open to being abused,” in a speech in Basel Messe, Switzerland. According to the chairman, virtual currencies are at best “highly speculative investment vehicles,” and at […]

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Bitcoin Goes Physical: Swiss Start-Up Launches Pilot Sale Of BTC ‘Banknotes’

A Switzerland-based fintech start-up launched a pilot sale of physical Bitcoin “banknotes” in Singapore. Tangem, a start-up operating from Switzerland and Singapore, has launched a pilot sale of physical notes of Bitcoin (BTC), according to a press release published May 3. Tangem Notes, described in the press release as “smart banknotes” with a chip developed by Samsung Semiconductor, reportedly allow consumers to physically carry Bitcoin stored in denominations of 0.01 (about $96) and 0.05 BTC (about $482). The first pilot batch, consisting of 10,000 notes, will be […]

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Class Action Lawsuit Against Ripple Alleges Sale Of Unregistered Securities

A U.S. law firm has filed a class action lawsuit against Ripple, calling XRP an unregistered security. Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws. According to the complaint, the plaintiff, an individual named Ryan Coffey, purchased 650 XRP on […]

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Crypto-to-Cash Lending is Growing Quite Popular These Days

Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be a pretty big deal in the future. Furthermore, this week a company called Nexo also plans to offer a digital currency for cash lending platform and raised $50Mn USD in capital from […]

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Venezuelan President Announces Petro-Fuelled Crypto Bank For Youth Initiatives

Venezuelan president Nicolás Maduro has announced the creation of a Petro-fuelled crypto bank to support initiatives from Venezuelan youth. Venezuelan president Nicolás Maduro announced the launch of a Petro-funded crypto bank to support initiatives from youth and students, Latin American government-sponsored news outlet TeleSur reported yesterday, May 3. During а speech for the Chamba Juvenil Plan, a social program that promotes jobs for youth, Maduro also noted the necessity of universities maintaining their own crypto mining farms to support the national economy. According to the The digital […]

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French Crypto Regulation à la carte: Context, News, Perspectives

Guide to the blockchain regulation in France. France has been hard to classify on the crypto lovers/haters spectrum. During the 2018 G20 meetings, it claimed to aim at being a blockchain pioneer. At the same time, its ICO volumes are dwarfed by much smaller neighbors like Switzerland. On April 26, France dramatically cut the taxation of gains on cryptocurrency trading. Let’s see exactly what the French crypto context is, and how we could evaluate it after the recent regulatory changes. Crypto regulation State agencies all over the […]

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A 51% Attack on Bitcoin Means Mutually Assured Destruction

What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defenders like to ponder ways in which the decentralized cryptocurrency could be attacked and brought to its knees. Also read: Taking the New On-Chain BCH-Powered Social App Blockpress for a Test Flight Contingency Planning for a Worst Case Scenario A 51% attack, also known as a majority attack, refers […]

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A Crypto Company Could ‘Overtake’ Wall Street’s Biggest Banks, Says Blockchain VC

A partner at Blockchain Capital told CNBC that other banks will follow Goldman Sachs’ example of a opening a crypto trading desk, so as not to fall behind. Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs’ example in opening a crypto trading desk, according to CNBC’s Fast Money today, May 4. Goldman Sachs reported yesterday that they would soon open a trading desk for Bitcoin (BTC) contracts after being “inundated” with client requests. Although Bogart told CNBC that the news […]

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“Where Coffee Just Grows”: Connecting Ethiopian Agritech to the Blockchain

Blockchain technology holds great promise in Ethiopia, the largest coffee producer in Africa, but getting a foothold in the country is a challenge due its constraining bureaucracy. One blockchain company is finding inroads by directly collaborating with the government. IOHK, the company behind the Cardano blockchain, has announced a partnership with the government of Ethiopia to explore how blockchain technology could benefit the country. As part of that, IOHK is offering to train up to 100 Ethiopian software developers in the Haskell programming language. On Thursday, May […]

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