Monthly Archives: October 2018

Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

Crypto markets keep being stuck despite big news, including institutional investments in crypto, and the SEC’s establishment of a Bitcoin ETF review deadline. Saturday, Oct. 6: crypto markets keep remain fairly stable on the day, despite this week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated Bitcoin ETF decisions. CNBC’s CryptoTrader host Ran Neuner commented on Twitter today that all of this week’s “good news” – such as retail brokerage firm TD Ameritrade and Ivy League U.S. university […]

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New Taiwanese Exchange Rewards Users for Token Mining and Staking From Its Fee Revenue

sponsored The company says customer fiat assets are stored safely and securely with a third party bank trust custodian. MaiCoin, the largest one stop digital asset platform provider in Taiwan, recently launched it’s MAX Exchange. The exchange initially started by offering Taiwan Dollar (TWD) to crypto pairs and it currently lists 16 crypto/TWD pairs. As part of its global aspirations, MAX Exchange has recently launched a total of 51 crypto to crypto pairs which include both USDT and TWDT stablecoin pairs. MAX Expansion While TWD fiat trading […]

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Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder

One of the Blockstream co-founders suggests a new Bitcoin scaling concept that allegedly does not deploy a hard fork. Bitcoin (BTC) protocol developer Mark Friedenbach introduced a method for Bitcoin scaling he claims will not require a hard fork at a workshop in Tokyo October 5. The new concept presented at the Scaling Bitcoin workshop, entitled “Forward Blocks,” suggests a major on-chain capacity boost by means of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined with use of alternative private ledgers. The proposal […]

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Norway Establishes New Rules for Crypto Service Providers

The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct. 15 and will affect companies established in Norway including branches of overseas companies. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals New Rules Effective Oct. 15 Finanstilsynet, the Financial Supervisory Authority (FSA) of Norway, announced Thursday that the country’s Ministry of Finance has established new money laundering regulations which apply to “Norwegian providers […]

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Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of financial opacity, tax fraud and safekeeping of stolen public funds. That era is coming to an end. Also read: Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again Swiss Banks’ Data […]

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Wendy McElroy: Crypto Takes Anarchism Digital and Explodes Old Concepts

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 1 Crypto Takes Anarchism Digital and Explodes Old Concepts All around us are the almost unimaginable benefits of markets, cooperation, and technology, yet somehow we’re naïve if we don’t want to funnel human activity through government cattle chutes. The vast material and digital abundance we enjoy every day is provided without any state apparatus, in fact in spite of that apparatus. Is this private world not part of reality? Government […]

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The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank

The European securities and markets watchdog ESMA has dedicated over 1 million euros to finance the monitoring of developments in the crypto sector. Also in The Daily this Saturday, Wyoming legislators are working on a bill that would facilitate the provision of banking services to crypto and blockchain companies, and according to a new survey, Wall Street institutions are more optimistic about bitcoin than crypto community members active on social media.      Also read: Empty ETH Blocks, Bitcoin Populism, Crypto Flip-Floppers Exposed ESMA Saves 1 Million Euros […]

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South Africa and Crypto – a Conservatively Optimistic Approach

South Africa has taken a conservatively optimistic stance toward cryptocurrencies — balancing development with investor protection. Blockchain and cryptocurrencies have proliferated the minds of millions across the world, as trading and crypto asset ownership continues to rise. In the same breathe, many countries across the world have taken a tough stance against cryptocurrencies in particular. Some, like China, have outlawed their use, while others like Malta are at the forefront of cryptocurrency and blockchain development. In an African context, this sector is slowly growing. At the southern […]

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Brewdog Brand Welcomes Bitcoin Cash

One of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the aid of the Bitcoin.com wallet, and is considering accepting BCH at all 38 of its UK bars. Also read: Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash Brewdog Embraces the Shape of Cash to […]

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70 Percent of Americans Surveyed Are Emotionally Uncertain About Cryptocurrency

Nearly 70 percent of Americans surveyed felt “‘uncertainty’ summed up their emotions regarding cryptocurrencies,” according to results published under the title, “How Do Americans Feel About Cryptocurrency?” Research was carried out by Clovr of more than 1,000 Americans. The point was “to understand their feelings about cryptocurrencies and to break down whether excitement (or fear) is the overwhelming emotion toward virtual money.” Using Amazon’s Mechanical Turk platform, respondents ranged between the ages of 18 and 80, with the average age about 36 years old. Also read: China-Based […]

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