Author Archives: creative

Week in Review for March 3, 2018: Bitcoin Developments and Cryptocurrency Adoption

This past week marked a few important events. It began with the release of Bitcoin Core 0.16; marked the first instance of a sovereign nation announcing that it would use and accept a cryptocurrency as legal tender; and included the launch of a new accelerator from “China’s eBay,” JD.com, to assist companies that promise to have transformative technology in the blockchain space. We also examined the appeal of cryptocurrencies to millennials and launched our cover story for the month of March covering the complicated role of patents […]

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European Banks Complete First Live Securities Transfer On R3’s Blockchain Platform

Financial service groups Credit Suisse and ING have completed the first successful transfer of about $30 mln in securities on R3’s blockchain platform. The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release. Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX Digital Collateral Records (DCRs) on the HQLAX Corda-based collateral […]

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Yandex Study Shows Rising Interest In Crypto By Kazakhstanis

A Yandex study has shown that Kazakhstanis are increasingly searching online for terms related to cryptocurrency. A study by Yandex, a multinational corporation for Internet services, showed that Kazakhstanis have been searching for a variety cryptocurrency-related terms in frequency and amount several times higher this year as compared to 2017, local news outlet zakon.kz reported March 2. The study shows that the increase in interest began in June of last year and rose in September, with Kazakhstanis asking Yandex more questions like “what is Bitcoin/Blockchain/ICO/mining?” The study […]

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Poll Shows People Want An Amazon Cryptocurrency, Starbucks Hints Of A Blockchain App

A poll has shown that people would respond favorably to the creation of an Amazon digital currency, while Starbucks hinted at launching its own Blockchain-based app. Online retailer Amazon this week received feedback that its hypothetical creation of an “Amazon Coin” would be positively received, while Starbucks, another large traditional consumer company, spoke of plans to use Blockchain on the Starbucks app, also hinting of the possibility of creating their own currency for the app’s use. A little over half of 1000 respondents who used Amazon in […]

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VC Investments In Blockchain Companies On Track To Exceed 2017’s Numbers

Venture capital fundraising for Blockchain companies is set to exceed that of last year, having already reached 40 percent of 2017’s numbers in just two months. The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27. Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized on their site as related to […]

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Bitcoin Comes Down From $11,500 Highs To Challenge $11k Support

$12,000 remains a tough barrier for Bitcoin prices as momentum fizzles again just over $11,500. Bitcoin is retesting support at $11,000 after reaching highs of $11,528 Sunday, the latest cross-exchange data shows. According to Coinmarketcap, Bitcoin retook the $11,000 mark early Saturday before resistance closer to $12,000 kicked in a day later. Bitcoin prices have continued to struggle with resistance clustering around $12,000, analysts have noted in the past weeks. As Cointelegraph reported Friday, further upside would appear to depend on prices clearing a significant area below […]

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Quebec: ‘We’re Not Interested’ In Bitcoin Mining Without ‘Added Value’

Bitcoin mining companies looking to set up in Quebec are facing criticism from the government electric board owner. The Quebec government said it is “not interested” in providing cheap electricity to Bitcoin miners via state utility Hydro-Quebec during a conference Friday, Mar. 2, Bloomberg reports. In comments during a conference in the capital Montreal, Premier Philippe Couillard implied that, unlike previous statements from Hydro-Quebec itself, “doing Bitcoin mining” without providing “added value” for the economy was unfavorable. “If you want to come settle here, plug in your […]

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Belgian Tax Authority To Search For Taxpayers Using Foreign Crypto Exchanges

The Belgian tax authority has said it will begin looking for Belgian tax payers that use foreign crypto exchanges to enforce their tax obligations. The Belgian Special Tax Inspectorate (STI) is looking for Belgian individuals who have invested in cryptocurrencies in foreign exchanges, local news outlet De Standaard reported Friday, March 2. After receiving information from Finnish authorities that several Belgian taxpayers had been trading on Finnish crypto exchanges, the STI started looking into the cases of three Belgians involved, with a fourth file closed as a […]

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Coinbase User Files Class Action Against Company, Claims Insider BCH Trading

A US Coinbase user has filed a class action lawsuit against Coinbase, accusing the platform of insider non-public data disclosure regarding Bitcoin Cash trading. Coinbase, a major US-based cryptocurrency exchange and wallet platform, faces a class action lawsuit claiming that its employees and other insiders benefited from trading on non-public information that the exchange planned to introduce Bitcoin Cash (BCH) support last December, The Recorder Law reported on Friday, March 2. The complaint was filed by Coinbase user and Arizona citizen Jeffrey Berk, represented by two law […]

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