Please share if you find this article interesting. EU Central Banker: “Stop Calling the Bitcoin a Coin” - Bitcoin News Featured European Union central bankers are becoming increasingly vocal on the subject of the world’s most popular cryptocurrency, bitcoin. Its precipitous price increase this year seems to coincide with wide-ranging statements, including the digital asset’s threat or lack thereof. Recently, the governor of the National Bank of Belgium (NBB) explained that more people should be warned about the decentralized currency and how it isn’t a currency at all. Also read: Bundesbank Board Member: No Plans to Issue State-Backed Cryptocurrency Jan is Not a Bitcoin Fan “We have to embrace the innovations and the efficiency gains that this can generate for the payment sy
Please share if you find this article interesting. No One Should Control the Blockchain Supply Chain Samantha Radocchia, Ryan Orr and Maksym Petkus lead development and strategy at Chronicled, a San Francisco startup that leverages blockchain and IoT technologies to deliver smart supply chain solutions. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 was a foundational year for blockchain. We saw the emergence of new networks, platforms, strategies and fundraising vehicles, and we saw the prices of major cryptocurrencies skyrocket. We saw ICOs. We saw blockchain enter the common vernacular. But the most exciting of all of these advancements in 2017, we believe, was blockchain’s ability to bring together disparate ecosystems – often competi
Please share if you find this article interesting. Japanese Banking Giant Wants To Prevent Another Mt. Gox Japan’s Mitsubishi UFJ Trust and Banking is preparing to launch a service that will protect cryptocurrency holders if the exchanges they use shut down or are hacked, reports Japan-based online publication Nikkei Asian Review. The banking giant will keep matching records from cryptocurrency exchanges of customers who opt-in for the scheme. In the event the exchange fails or is compromised, Mitsubishi UFJ will compensate its clients for their losses according to the records they maintain. Nikkei reports that the service will start with Bitcoin trading and could launch as early as April. Crypto exchange users who opt-in to have their funds protected by the Mitsubishi UFJ will b
Please share if you find this article interesting. Israeli Regulator Investigating Public "Bitcoin" Company for False Claims - Bitcoin News Regulation Bitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some connection to cryptocurrency. Now Israeli financial authorities have to decide how much hype is too much. Also Read: Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear Last week we reported about a new trend among firms whose shares are listed on the Tel Aviv Stock Exchange (TASE) – declaring they have some connect
Please share if you find this article interesting. How a 2014 Bitcoin Project Will Pay an Alaskan Schoolgirl's College - Bitcoin News Featured In 2014, a schoolgirl decided to do her class project on bitcoin. As part of her presentation, she distributed 30 paper wallets containing BTC to her classmates. Three years later and half of her peers still have their wallets, with some planning to use the windfall to help pay for college. The girl at the center of the story has benefited the most however: years of performing chores, paid in bitcoin, have seen her pocket money swell to over 3.5 BTC. Also read: Twenty Years Ago, Two Men Predicted Bitcoin Smart Kids Get Paid in Bitcoin Clever kids don’t badger their parents for a pocket money raise: they simply request a change in curr
Please share if you find this article interesting. Director of UK-Based Crypto Exchange Kidnapped in Kiev Pavel Lerner, the managing director of the cryptocurrency exchange EXMO was abducted by “unknown persons” in Kiev, reports Ukraine-based web publication Strana.ua. According to their sources, Lerner was held while leaving his office in the center of town and driven off in a black Mercedes-Benz. Currently, multiple investigations are underway to determine why and by whom Lerner was kidnapped. According to Strana.ua, Lerner is a Russian citizen who holds a residence permit in Poland and is involved in a number of crypto/ Blockchain startups in Ukraine. Lerner’s Facebook page says he is originally from Kursk, Russia. EXMO’s site states that the company is based in Polegate, Engl
Please share if you find this article interesting. Can Blockchain-based Cryptobanks Overtake Centralized Competitors? For a long time, cutting-edge technologies have comprised the flagship achievements of the centralized banking systems across the globe both economically and socially. The technology behind credit cards and online payments have driven business performance, revenue and customer ease-of-access. Just as early industry disruptors such as PayPal revolutionized the digital commerce landscape of their time, the modern day self-labeled 'Cryptobanks' are challenging the offerings provided by the status quo. They are making fully integrated cryptocurrency based banking services and payments accessible to every-day users, enthusiasts and entrepreneurs alike. We are still in ...
Please share if you find this article interesting. Russia Unveils Proposed Regulation Putting Limits on ICOs and Investors - Bitcoin News Economy & Regulation The Russian finance ministry has unveiled its proposals for the regulation of initial coin offerings (ICOs) in the upcoming bill to be submitted this week. They include the maximum amount an ICO can raise as well as an investment limit for unqualified investors. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Proposed Limits on ICOs The Russian Ministry of Finance has prepared a bill to be submitted on December 28. Deputy Finance Minister Alexei Moiseev described the bill, as reported by Tass on Wednesday: A maximum of 1 billion rubles [~ USD$17.3 million] can be raised th...
Please share if you find this article interesting. Privacy on the Blockchain: Where Are We Headed? Arianna Simpson is the founder and managing director of Autonomous Partners, a fund focused on cryptocurrencies and digital assets. She is also a venture partner at Crystal Towers Capital, a venture capital fund, and previously spent time at Facebook and BitGo. The following article is an exclusive contribution to CoinDesk's 2017 in Review. For all the claims that have been made over the years about bitcoin being a safe haven for criminals, it’s becoming increasingly clear that capital flows on the blockchain aren't private. Bitcoin itself indexes poorly on both the anonymity and confidentiality fronts, as addresses offer pseudonymity at best, and balances are completely public.
Please share if you find this article interesting. Russian Reports say Crypto Entrepreneur Pavel Lerner Kidnapped in Kiev - Bitcoin News Featured Russian programmer and cryptocurrency investor Pavel Lerner has been kidnapped in Kiev, according to Ukrainian and Russian media reports. He is the managing director of Exmo, a major UK-based exchange popular with Russians for accepting ruble payments. Lerner is also well known in Ukraine where he has startups dealing with mining operations and blockchain technology development. Also read: Russian Crypto News Outlet Shook Down by the Ukrainian Security Service Pavel Lerner Russian Crypto Entrepreneur Kidnapped The Russian-born IT specialist stopped answering phone calls around noon on December 26, and was reported missing by friend...