Author Archives: creative

United in Diversity: A Blueprint for the Pan-European Distributed Ledger

Europeans have finally gotten their Blockchain priorities straight: they want it as a public service, standardized for cross-border use, and with extensive privacy protections. Recent legislative developments in Europe showcase policymakers’ diverging approaches to cryptocurrencies and a wider array of non-monetary Blockchain applications. Crypto regulation is tightening, driven by the tide of anti money laundering measures that the European Parliament approved last week. This, however, does not mean they are not embracing Blockchain’s potential beyond currency. On April 10, Europe came one step closer to establishing a […]

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MyEtherWallet Warns That A “Couple” Of Its DNS Servers Have Been Hacked

MyEtherWallet tweets a warning that a “couple” of its DNS servers have been hacked, and users are being redirected to a phishing site. Cryptocurrency wallet MyEtherWallet (MEW) tweeted a warning that a “couple” of its DNS servers have been hacked and users risk being redirected to a phishing site this morning, April 24. MEW is now in the process of verifying which servers have been targeted and is working to resolve the hack “asap,” they added. Alarmed MEW users have been active all day on Reddit and […]

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Hong Kong and Singapore Emerge as New Meccas for Token Sales

Two countries have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in Singapore and Hong Kong has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Meccas for ICOs Singapore. With some countries cracking down on token sales, Hong Kong and Singapore have attracted companies seeking to raise funds through initial coin offerings (ICOs). According […]

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Tiny San Marino Has Big Plans to Become a Top Blockchain Hub

The Republic of San Marino, a tiny microstate entirely surrounded by Italy, unveiled ambitious plans to become one of the world’s leading blockchain hubs. San Marino Innovation, the Republic’s innovation arm, has confirmed the creation of a joint venture with Estonian-based blockchain technology developer Polybius. With the partnership, San Marino wants to develop the infrastructure, the regulations and the technical expertise to become a blockchain powerhouse. The partnership, which has been set up in collaboration with Olympus Advisors, a consulting firm based in San Marino, provides for […]

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Goldman Sachs Makes First Official Hire to Its Cryptocurrency Department

Multinational investment bank and financial services company Goldman Sachs has hired the first official employee for its cryptocurrency markets unit. Justin Schmidt, a former trader, has been serving as the enterprise’s first head of digital asset markets in the securities division since April 16, 2018. Holding a computer science degree from the Massachusetts Institute of Technology, Schmidt previously served as the vice-president of quantitative trading firm Seven Eight Capital, LLC, which trades strategies based on mathematical computations and numbers crunching to identify trading opportunities. While his addition […]

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Myetherwallet Servers Are Hijacked in DNS Attack

Myetherwallet (MEW), the web’s most popular client-side ethereum wallet, has been compromised by a DNS attack. Numerous users are reporting missing funds and Mycrypto, a sister site which spun off from MEW earlier this year, has confirmed as much. The incident highlights the dangers of relying on a centralized interface, even when the funds are held by the individual, and exposes the inherent weaknesses of the Domain Name System. Also read: 16 Regulated Crypto Exchanges Unveil Plans to Restore Public Trust in Japan Myetherwallet Users Report Missing Funds […]

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Industry Experts: EU Privacy Laws Help, Not Hinder Facebook, Google In Data War

Media giants stand to gain from EU directives aimed at increasing user privacy, highlighting need for Blockchain-based alternatives. The European Union’s latest privacy laws could in fact benefit the media giants they hope to rein in, The Wall Street Journal claimed April 23, highlighting the need to put power in the hands of consumers, potentially via the use of Blockchain-based platforms. In the run-up to new legislation which goes into effect May 25, Digital advertising agencies are complaining that the EU demanding businesses get consent from internet […]

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Korea’s Largest Telecom Operator Announces Blockchain Service For Asset Management

South Korea’s SK Telecom will now use Blockchain for their asset management, as well as support Blockchain tech startups with new platform. South Korean telecommunications operator SK Telecom announced the release of an asset management service with Blockchain tech, as well as a platform for linking Blockchain startups with investors, local news outlet The Korea Herald reports today, April 24. According to Oh Se-hyeon, the executive vice president of the telecom operator’s Blockchain division, “the service will allow users to manage all bank accounts, credit cards, mileage […]

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16 Regulated Crypto Exchanges Unveil Plans to Restore Public Trust in Japan

The new Japanese cryptocurrency association comprising of sixteen government-approved exchanges debuted on Monday. The group has unveiled its plans to spearhead self-regulation in order to rebuild the public’s trust in the crypto industry. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Japanese Association Debuts Sixteen fully-licensed cryptocurrency exchanges in Japan have formally launched a new crypto association. The group held a press conference on Monday to detail its plans for self-regulation “in order to rebuild public trust battered by a high-profile theft,” Nikkei reported. Press conference […]

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Total Market Cap Remains Over $400 Bln As Markets See More Green

Total market cap bypasses $400 bln today, as BTC, ETH, and other coins see more growth. Bitcoin (BTC) has solidly broken above $9,000 and Ethereum (ETH) is inching closer to $700, according to data from Coin360, as the crypto markets continue on their upward swing that has now lasted more than two weeks. BTC is currently trading at around $9,312, up almost 4 percent over 24 hour period by press time. BTC dominance is slightly down from its recent numbers in the 40 percent range, currently at […]

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