Monthly Archives: May 2018

Zimbabwe High Court Reverses Central Bank’s Cryptocurrency Ban

Just recently news.Bitcoin.com reported on the Zimbabwe-based exchange Golix filing a lawsuit over the recent Reserve Bank of Zimbabwe (RBZ) ‘cryptocurrency ban’ that was issued in a financial guidance circular earlier this month. Now, according to numerous regional reports, the Zimbabwe High Court has ruled in favor of the trading platform’s argument because the RBZ failed to show up to the trial.   Also read: India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now Harare High Court Reverses RBZ Cryptocurrency Ban Multiple regional news outlets […]

More info

Russian Central Bank to Pilot First Official ICO

Russian state-owned bank Sberbank and the National Settlement Depository will test the country’s first official ICO using the Bank of Russia’s regulatory sandbox. Russian bank Sberbank CIB and the National Settlement Depository (NRD) will pilot the country’s first official Initial Coin Offering (ICO) using the Bank of Russia’s regulatory sandbox, ForkLog reports today, May 24. Sberbank CIB, the investment banking arm of major state-owned bank Sberbank, and NRD, which is part of the Moscow Stock Exchange Group, are now finalizing plans with the central bank to launch […]

More info

Bitcoin Gold Hacked for $18 Million

It appears Bitcoin Gold (BTG) has been double spend attacked over and over again, totalling something in the neighborhood of $18 million at current prices. BTG forums seem to have been tracking the hack, going as far back as last week, monitoring the controversial coin’s hashrate, ultimately determining a 51% attack was under way. Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash Bitcoin Gold Gets $18 Million Haircut “An unknown party with access to very large amounts of hashpower is trying to […]

More info

Poland Continues Its Aggression Towards Crypto, But the Community Shows Force

Rhetoric aside, negotiations are in process. On May 10, Polish Financial Supervision Authority (KNF) held a tender order of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading. That sum is hardly impressive, but represents another gesture against crypto by the conservative Polish government, which has already admitted to its investments in FUD media activities in February. Nevertheless, the local crypto community has stood up for itself in an educational […]

More info

Spain: Barcelona to Create Blockchain Center in City’s Tech Hub

Barcelona’s Tech City will gain the addition of a space dedicated to blockchain development. Barcelona Tech City will create a specialized space for blockchain technology development, local news outlet La Vanguardia reports today, May 24. The blockchain space will consist of a second building near to Pier01, the headquarters of Barcelona Tech City that opened in summer 2016, and will most likely be occupied by Spanish blockchain network Alastria, according to unnamed sources. Pier01 currently houses 1,000 professionals from tech startups and innovation hubs as part of […]

More info

Ireland Clarifies Taxation of Crypto Transactions

The Irish revenue service has published a manual with guidelines aimed at eliminating the uncertainty surrounding the taxation of crypto transactions. Investors and traders of digital coins, businesses working with cryptocurrency and tax advisors, of course, can now find answers to many but not all of their questions. The notice has been issued at a time when tax authorities across Europe are trying to tap into crypto incomes and profits in the absence of dedicated regulations in most cases.   Also read: Poland Backpedals on “Irrational” Crypto […]

More info

Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems

The creator of a diamond-backed crypto asset D1 Coin purchased diamonds from leading global industry veterans to inaugurate its diamond reserve. Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement to buy 1,500 investment-grade diamonds, worth $20 mln, from global veteran KGK Diamonds, part of the De Beers group. The […]

More info

Distributed Business Accelerator Launches to Cultivate Blockchain Startups

As part of New York Blockchain Week, Distributed Business Accelerator (DBA) publicly launched their global blockchain accelerator community designed to cultivate an ecosystem of blockchain startups. The CEO of the project is Tom Tao, formerly of IBM and Chainbase Accelerator. In opening remarks, Tao gave his outlook on the industry and extrapolated on where he saw DBA adding value to the blockchain ecosystem, noting that “for startups, obtaining resources and attention quickly is one of the critical factors to attain success.” Tao laid out the goals of […]

More info

U.S. Justice Department Probes Price Manipulation on Bitcoin Markets

The U.S. Justice Department is looking into whether the price of bitcoin and other virtual currencies are being manipulated, according to a report in Bloomberg that referenced four unnamed sources for the information. Still in its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator that oversees bitcoin derivatives, sources said. On spot markets, like GDAX, Poloniex and Bitfinex, where cryptocurrencies change hands immediately, the price of bitcoin can vacillate wildly in a matter of hours. Starting […]

More info

US Justice Department Investigates Price Manipulation in Bitcoin Market

Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street Spoofing and Wash Trading The US Department of Justice (DOJ) has reportedly launched a criminal investigation to determine if big money traders are manipulating the prices of Bitcoin, Ether and […]

More info
1 2 3 4