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Ethereum’s transaction volumes are at the highest they’ve been since the DAO hack in 2016

Ethereum’s transaction volumes are at the highest they’ve been since the DAO hack in 2016: Diar report; In terms of transaction count on-chain Ethereum has found stability since October bobbing between 16-17M monthly transactions; estimates 15M transactions in Jan. 2018 – Link

By |January 22nd, 2019|Regulation|0 Comments

Privacy coin Zcash’s mining hashrate has seen a 650% growth since early 2018: Diar

Privacy coin Zcash’s mining hashrate has seen a 650% growth since early 2018: Diar; the cryptocurrency’s block reward, similar to that of Bitcoin, is still two halving periods behind the later; the current Zcash reward for mining 1 block is 7200 ZECs – Link

By |January 22nd, 2019|Regulation|0 Comments

The Bank of International Settlements (BIS) has released a new report criticizing Bitcoin’s Proof-of-Work (POW)

The Bank of International Settlements (BIS) has released a new report criticizing Bitcoin’s Proof-of-Work (POW); the report goes on to state two limitations to POW as a means of achieving payment finality; the first is that it would incur high transaction costs due to mining fees; the second is fact that the block reward would […]

By |January 22nd, 2019|Regulation|0 Comments

Dutch multi-national banking giant ING has signed a five-year deal with blockchain service firm R3

Dutch multi-national banking giant ING has signed a five-year deal with blockchain service firm R3; ING will use to partnership to gain licenses for R3’s private-permissions blockchain Corda Enterprise platform and CorDapps;  In 2017 ING and 12 other banks also teamed up with R3 on a platform called TradeIX which is designed to streamline trade financing – Link

By |January 22nd, 2019|Regulation|0 Comments

Singaporean cryptocurrency exchange Huobi Group has given U.S. sister exchange HBUS the right to use its name and website

Singaporean cryptocurrency exchange Huobi Group has given U.S. sister exchange HBUS the right to use its name and website; in a statement, CEO and Founder Leon Li said that Huobi Group has lacked resources to move into the U.S. market; partnering with HBUS opens up the U.S., while shielding Huobi Global from regulation and licensing […]

By |January 22nd, 2019|Regulation|0 Comments

Digital Garage is teaming with Bitcoin ($BTC) infrastructure startup Blockstream to launch a trial run of a yen backed stablecoin

Internet context company Digital Garage is teaming with Bitcoin ($BTC) infrastructure startup Blockstream to launch a trial run of a yen backed stablecoin; Digital Garage subsidiary Crypto Garage says the yen-stablecoin will trade on Blockstream’s Liquid network against Liquid’s Bitcoin pegged token, Liquid Bitcoin (L-BTC); although only slated to last the year, this is the first […]

By |January 22nd, 2019|Regulation|0 Comments

Ethereum development company Consensys has clarified that the recent layoff did not exceed 10%

Ethereum development company Consensys has clarified that the recent layoff did not exceed 10%; the announcement came from the companies Executive Director of Enterprise and Social Impact Vanessa Grellet, stating that the layoffs were limited to support staff and were a result aggressive expansion Consensys undertook over the last few years and unrelated to Ethereum’s price […]

By |January 22nd, 2019|Regulation|0 Comments

Cryptocurrency exchange Komid’s CEO, and a team member, were sentenced to three and two years jail respectively for faking trade volumes

Korean cryptocurrency exchange Komid’s CEO, along with a team member, were sentenced to three and two years jail respectively for faking trade volumes; CEO Hyunsuk Choi was found guilty of using fake accounts and trading bots to undertake millions of transactions resulting in $45M worth of fees in Jan. 2018 as well as embezzling funds […]

By |January 22nd, 2019|Regulation|0 Comments

Coinnest has lost $5.3M in Bitcoin after a computer error changed an airdrop from We Game Tokens (WGT) to Bitcoin

Cryptocurrency exchange Coinnest has lost $5.3M in Bitcoin after a computer error changed an airdrop from We Game Tokens (WGT) to Bitcoin; Coinnest has asked users to return funds and is rolling back transactions on the exchange to restore lost assets; some traders who received bitcoin instead of WGT reportedly sold their new holdings immediately – Link

By |January 22nd, 2019|Regulation|0 Comments

Overstock says its blockchain-based capital trading platform tZERO will soon go live

Overstock says its blockchain-based capital trading platform tZERO will soon go live; the SEC-registered platform will initially support tZERO crypto assets only, but plans to offer support for security tokens from other firms; Overstock launched its tZERO ICO pre-sale last year, with tokens recently released to investors – Link

By |January 22nd, 2019|Regulation|0 Comments

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