Senior US Regulator Says Ethereum ‘in Its Present State’ Is Not a Security
A senior U.S. regulator has stated that Ethereum “in its present state” is not a security under U.S. law Go to Source Powered by WPeMatico
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Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid … Read more
Cryptocurrencies Not a Risk to Stability, Russian Study Concludes
A study has found that despite their volatility, cryptocurrencies do not endanger the financial system and the economy of Russia, as the risks are offset by the highly concentrated ownership of digital assets. Crypto fluctuations are not believed to affect consumption either. Russian residents have controlled cryptocurrency worth between $7.5 and $14 billion in the … Read more
Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong
In recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE governor Mark Carney expressing his openness to the idea of issuing a digital currency in … Read more
Markets Update: Volume Rankings Report for May 2018 – EOS Dominates Leading Exchanges
May witnessed sustained bearish action in the cryptocurrency markets, with many markets giving back most of the gains made during April. When looking at trade volume, we can see that BTC was by far the most traded cryptocurrency, followed by Tether and Ethereum. EOS also saw significant action, rising to become the fourth most traded … Read more
Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites
The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli … Read more
Blockchain Projects Live a Little Over a Year on Average, China Claims
The majority of blockchain projects have a short life span, averaging a little over one year, according to a report by Chinese researchers. Less than a tenth of the examined projects in the study are still active, a local official revealed at a big data expo in the city of Guizhou. Beijing, however, has recently … Read more
China Has Found 421 Fake Cryptocurrencies
A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 421 Fake Cryptocurrencies The National Committee … Read more
Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1
Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted. Also read: New Player … Read more
Facebook ‘Exploring’ Making Its Own Cryptocurrency, Media Report
Facebook “exploring” the creation of its own crypto token, anonymous sources tell mainstream media Go to Source Powered by WPeMatico
