Monthly Archives: November 2018

Holacracy: Governance in an Age of Innovation and Subversion

The following opinion piece on Holacracy was written by Max Borders, director of Social Evolution and author of The Social Singularity.  Imagine turning on your mobile device one morning to find only two apps: Red and Blue. It’s bad enough that these are the only two choices. Only one works at a time–and not very well. Also read: Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip And yet this is more or less the social operating system upon which most of the developed world runs. […]

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Hong Kong Securities Regulator Promises to Regulate Crypto Investment Funds

The Securities and Futures Commission (SFC) of Hong Kong has claimed that it will include crypto funds under its regulatory umbrella. The SFC issued a statement on November 1, 2018, laying out its new approach for regulating virtual assets in the future. The SFC granted that there are many inherent risks in investing in a new space like cryptoassets and set out to address these risks through new regulatory action. The statement showed a willingness to adapt the existing regulations around investing to conveniently and decisively affect […]

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Tether Confirms That It Is Banking With Bahamas-Based Deltec

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. Tether went a step further by publishing an attestation letter from the bank, showing evidence of its reserves. In a blog post on its website, Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included […]

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Malta to Develop AI Strategy Following Success as ‘Blockchain Island’

Malta has launched a government task force to develop a national artificial intelligence strategy. The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy, Cointelegraph reports Tuesday, Nov. 1 from the Malta Blockchain Summit. The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative “Malta.ai,” stating that Malta is aiming to become a top AI nation. He said that the country would develop a friendly regulatory environment for AI much […]

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Crypto Markets See Hint Green, Top Cryptos Keep Trading Sideways

Crypto markets see a hint of green today, with most gains under one percent. Thursday, Nov. 1: crypto markets have seen a hint of green, with many of the top 20 cryptocurrencies seeing slight growth. The slight growth in markets follows a recent sell off on Monday, when the price of Bitcoin (BTC) dropped from $6,480 to as low as $6,344. While 19 out of the top 20 cryptocurrencies by market capitalization have seen some growth today, almost all of them are still firmly in the red […]

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‘I Don’t Want to Be President’: John McAffee to Exclusively Promote Crypto in 2020 Race

Bitcoin evangelist John McAfee admitted his intention to use his presidential campaign to promote crypto. Programmer and crypto enthusiast John McAfee revealed his intention to use his 2020 bid for U.S. presidency as a platform to promote permissionless cryptocurrencies in an interview with Cointelegraph Nov. 1. Speaking with Cointelegraph at the Malta Blockchain Summit today, the founder of McAfee Antivirus Software said he plans to run “around a libertarian platform,” and use his access to the national stage solely to discuss cryptocurrencies, while expressing сonfidence that “no […]

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Ledger Wallet Plans to Pause Bitcoin Cash Services on November 15

Ledger, the popular hardware wallet manufacturer based out of France, has recently revealed the company’s contingency plans for the upcoming Bitcoin Cash (BCH) hard fork scheduled for Nov. 15. On Tuesday, Oct. 30, Ledger explained to its customer base that the organization will be pausing bitcoin cash services on Nov. 15 and the company plans to wait until a dominant chain appears to reinstate BCH services. Also read: A Look at Bitcoin Replay Attacks and Self-Managed UTXO Protection  Ledger to Suspend BCH Transactions During the November Fork In […]

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Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage

Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service. According to a company statement, the cold storage solution will be multi-institution and collaborative with code-level controls for the safe storage of cryptocurrencies. Earlier this year, Unchained closed a $2.9 million round of venture funding to fuel the innovation in its wealth management and financial services offerings for long-term crypto investors. Unchained Capital offers loans to individuals and businesses, accepting only bitcoin (BTC) and […]

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Bitcoin ATM Operator Coinsource Gets New York Regulator’s Green Light With ‘Bitlicense’

Bitcoin ATM operator Coinsource has been granted a virtual currency license from the New York State Department of Financial Services (NYDFS). Bitcoin ATM operator Coinsource has been granted a virtual currency license, or ‘Bitlicense,’ from the New York State Department of Financial Services (NYDFS), according to a press release published Nov. 1. The regulator has thus given its formal seal of approval for New Yorkers to use cash to buy or sell Bitcoin (BTC) using Coinsource’s “Bitcoin Teller Machines (BTMs).” The Texas-based operator already deploys 40 such […]

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Hong Kong Regulator Announces New Plans for Cryptocurrency Industry

The Securities and Futures Commission of Hong Kong has announced new plans to regulate the cryptocurrency industry. The regulator issued two circulars on Thursday outlining new rules for crypto exchanges as well as crypto asset portfolio managers, intermediaries, and fund distributors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Regulatory Approach The Hong Kong Securities and Futures Commission (SFC) issued two circulars on Thursday concerning cryptocurrency regulations. The first outlines “a new approach which aims to bring virtual asset portfolio managers and distributors of virtual […]

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