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Curv Launches New Cloud-based Blockchain Asset Wallet For Institutions

Curv a cryptography company with the goal of securing the digital economy today unveiled its cloud-based digital asset wallet service that will offer…

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Bengaluru Takes Top Spot For 'crypto' Jobs; Pune Takes Second Spot

Mumbai slipped to the seventh position from second last year

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Bahrain Central Bank Implements New Crypto Rules

Accordingly the CBB cryptocurrency rules require bitcoin-linked firms to carry out proper anti-money-laundering (AML) risk ...

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Nasdaq’s New Btc And Eth Indices Launch With Real-time Price Data

The Nasdaq stock exchange has officially listed bitcoin core and ethereum indices on its platform of 4000 global indices starting Monday Feb. 25. The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) provide real-time information on the price of 1 BTC and 1 ETH in dollar terms based on the most liquid ends …

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How Technology Is Improving The Fan Experience – And Creating Legal Challenges For Clubs And Leagues

Sports organizations are leveraging tech innovations to engage fans in new ways to drive the industry forward connecting and involving sports fans more than ever with their favorite players teams and leagues. Being a fan was once a fairly passive activity that involved going to games or watching them on television reading up on players and teams and buying related merchandise. Now sports fandom is a whole new ballgame with the development and use of interactive content social media platforms wearable tech connected venues and even a new football league controlled by fans. Technology is being used to not only push the boundaries of sports fan engagement but also to redefine the nature of fan participation. But the new level of fan involvement brings questions about how the personal information collected by sports organizations and third parties should be used and legally protected. Accordingly this article examines: Why fan engagement is so important; The latest innovations in tech and media; The new legal challenges facing clubs and leagues. WHY FAN ENGAGEMENT IS SO IMPORTANT Players come and go teams move fortunes rise and fall and rules change but fans remain the lifeblood of the sports industry. Engaging fans is vital to teams and leagues for a number of reasons: ATTRACT NEW FOLLOWERS AND RETAIN CURRENT FANS Sports organizations are always looking for the most effective ways to attract and keep a passionate dedicated following—especially younger tech- and social media-savvy fans that will embrace innovations based on the latest technology and spend their disposable income on tickets experiences and merchandise. Wimbledon became a surprise early adopter of voice-activated digital assistants also known as chatbots to interact with tennis fans. The organizers behind the oldest tennis championship in the world introduced Fred a chatbot named after late British tennis legend Fred Perry in 2017 to interact with fans by answering questions about the players and the facility.1 Built into a messaging app Fred is helping Wimbledon organizers boost its digital presence to appeal to younger audiences that prefer to get their information from mobile devices. FIGHT DECLINING IN-PERSON ATTENDANCE Live attendance has been falling across sports in recent years – and no definitive answer seems to exist as to why or about how to reverse the troubling trend. National Football League (NFL) attendance for example has been declining for years and averaged 67404 fans per game in the 2017 regular season the lowest since 2011.2 Attendance at Major League Baseball (MLB) games is also an ongoing concern with the league seeing its lowest attendance numbers in the past two years since 2003 when the average attendance figure dropped to 28013.3 The expense of attending a game in person from ticket prices to parking and new technology that creates a superior at-home experience for fans are the most cited and most general reasons for the falling attendance. According to the Team Marketing Report Fan Cost Index® it cost a family of four an average of $536.04 to attend an NFL game in 2017 which includes the price of four tickets for non-premium seats four sodas four hot dogs two beers two souvenir caps and parking.4 An MLB game is also a pricey family outing at $230.64 which gets a family of four tickets soft drinks hot dogs beer a program and a hat and parking.5 Ironically tech innovations and media deals make watching a game at home the comfort and convenience of fans’ own couches—or anywhere but the actual venue— a lot more attractive these days. Twitter grabbed an early lead over its over-the-top streaming competitors when it paid approximately $10 million to the NFL in 2016 for the rights to stream 10 games.6 This meant fans around the world could watch the games via Twitter on their smartphones tablets laptops and connected televisions. The partnership also included game highlights and pregame broadcasts from players and teams. STAYING AHEAD OF COMPETITORS Embracing innovation – whether mining performance data in new ways offering unparalleled access to players or building new fan communities – is another way to captivate younger tech-loving sports fans who have myriad entertainment options. Being first to make the most of the latest and coolest tech is one way to make a forward-thinking impression in an increasingly competitive market. The MLB and the NFL Players Association (NFLPA) recently launched ground-breaking cryptocurrency ventures. The MLB is partnering with a gaming company Lucid Sight on MLB Crypto Baseball the first blockchain game based on a major professional sports league.7 MLB Crypto Baseball will link officially licensed digital limited edition sports collectibles designed by Lucid Sight to the Ethereum blockchain. Fans will exchange Ether Ethereum’s native cryptocurrency for blockchain-secured MLB Cryptos to buy collectibles such as interactive avatar figures and digital commemorations of special moments. The NFLPA got into the cryptocurrency game by investing in the live video platform SportsCastr which is launching a cryptocurrency start-up called FanChain.8 With FanChain fans will get new way to participate on the SportsCastr platform by using cryptocurrency to unlock NFL player content access back stage videos purchase event tickets and engage with players. TRANSFORMATIVE INNOVATION IN TECH AND MEDIA With so many different ways to get close to the action it’s a great time to be a sports fan. Partnerships involving the biggest names in sports tech and media are transforming the way people view and enjoy sports. From putting a new spin on player and team stats to exploring new ways to use virtual and augmented reality (VR/AR) sports organizations are pushing the boundaries of fan engagement. Different types of initiatives offer experiences with varying levels and perspectives of fan participation: CONTENT CREATION Giving fans historical and real-time facts and statistics is a relatively simple way for teams and leagues to connect with fans whether they are at the venue or not. Sports organizations like the National Basketball Association9 have developed their own digital platforms that manage and disseminate curated articles photos videos and tweets for media partners to distribute through traditional and social media. To wrangle the vast amount of athlete and team performance data that colleges and universities collect National Collegiate Athletic Association (NCAA) is partnering with Google Cloud to create detailed databases.10 The partnership gives team and league stakeholders as well as stats-obsessed fans the ability to search and analyze data to their heart’s desire. WEARABLE TECHNOLOGY Connected devices clothing and shoes have been used for some time to track athletes’ work-outs and in-game performance and collect health data to improve their form and output and avoid injuries. The future of wearables includes injectable ingestible and implantable technology to collect health and performance data from athletes and is already on the horizon.11 But wearables are no longer just for athletes coaches and trainers. Smart wristbands serve multiple purposes for Manchester City soccer fans by providing game updates acting as an electronic ticket for access to an event allowing fans to pay for concessions and pointing out other fans nearby.12 Other types of wearables bring fans closer than ever to the action. A jersey embedded with sensors that lets fans feel what the players feel. Made by Wearable X Jersey X wirelessly receives and converts real-time data into haptic vibrations that let fans feel the simulated sensation of on-field action such as an interception touchdown or fumble during a football game.13 CONNECTED VENUES What started as WiFi-enabled stadiums and electronic ticketing has morphed into deploying a variety of technology to create better fan experiences. Virtual reality (VR) and augmented reality (AR) tech posted on-field and on-court enables the broadcast of highlights and other content in VR and AR and entire games in VR. Other connected innovations give the fans more control than ever. BriziCam recently debuted a system that lets fans take photos of themselves by using their smartphones to control cameras posted around the venues. Fans can then post theses unique selfies to social media.14 BriziCam has already appeared at NBA games and Grand Slam tennis tournaments. Major League Baseball has also started using biometrics to identify fans by their fingerprints at ballparks. In partnership with CLEAR the biometric identity platform fans with a CLEAR account can now swipe or tap a finger to enter the stadium instead of presenting a paper or mobile ticket and buy concessions instead of pulling out cash or plastic. MLB is the first major sports organization to embrace biometrics but businesses have been using the technology for years as a security measure. The regulation of the collection and use of biometric data is still evolving however.15 FAN-CONTROLLED ACTION In what may be the ultimate in fan involvement the Fan-Controlled Football League (FCFL) will launch in 2019.16 A combination of real-life sports and fantasy sports-style fan participation the FCFL will have fans calling all of the plays for eight teams and making general manager decisions as such as naming the team coach and player roster. Fans will vote on plays via the Twitch platform or the FCFL’s mobile app which will then be relayed to the players in real time. The FCFL will also be a veritable tech playground using helmet cams biometrics and drones to put fans inside the game. LEGAL ISSUES With new technology and innovation comes a variety of legal issues—some predictable others still speculative. PRIVACY OWNERSHIP AND THE MONETIZATION OF DATA The monetization of athlete team and league data is big business. All four of the major professional sports leagues—the NFL MLB NBA and NHL—collect and analyze huge amounts of player performance data via wearable technology that tracks player performance and generates a mountain of player team and league statistics. The NBA for example partnered with Sportradar US a sports data and integrity service provider to package and distribute league stats to fans and media worldwide. At the same time the league named Second Spectrum its provider of player tracking systems in all NBA venues.17 The NFL broke new ground in 2017 when its players union the National Football League Players Association (NFLPA) took the lead and partnered with a wearable technology company. The NFLPA named fitness tracker maker WHOOP its official licensed recovery wearable in a deal that gave players access to and ownership of their own health and performance data as well as the opportunity to commercialize their data.18 The collection and use of personal information from athletes is fraught with – by now well known – legal issues. Legally it’s controlled a number of different ways – from collective bargaining agreements between players associations and leagues to media rights agreements between sports organizations and their media partners. Collecting and using data from fans – from venues apps and digital interactions including social media – adds another layer to existing legal considerations. Fans do not have the same protections as athletes and as the collection and use if data for fan engagement becomes a more entrenched part of sports the time may come sooner rather than later that fans want a cut of profits generated using their personal information. Biometric data is also both a unique and fixed identifier which makes it use for security purposes highly effective but increases the risk for identity theft. Three states in the U.S. have passed laws to protect biometric information but there is no federal legislation. Only one state—Illinois— has enacted a law that provides a private right of action. The Illinois Biometric Information Privacy Act (BIPA) bars the collection use and storage of a person’s biometric information without his or her written consent. Until recently it was unclear whether violation of BIPA’s notice and consent provisions without an individual suffering any actual harm was sufficient to bring a claim. In January the Illinois Supreme Court concluded that an individual “aggrieved” by a violation of BIPA does not need to allege “some actual harm.”19 This clarification is expected to result in more BIPA litigation as well as more questions. It remains to be seen how sports organizations operating in multiple states considering the use of fan biometrics for ticketing and concessions might address privacy concerns. INTELLECTUAL PROPERTY ISSUES Personal information can include individuals’ images and likenesses. In the age of social media sports organizations and athletes must be increasingly vigilant to protect their intellectual property. Two recent court cases over the publication of photos of public figures highlight the nuanced interpretations of the Copyright Act underlying the rulings that may be applied to athletes as well. When President Donald Trump surprised guests at a wedding held at his Trump National Golf Club Esquire magazine reported on his appearance and posted a photo of the president and the bride taken by one of the guests and uploaded to his Instagram account. The wedding guest sued Esquire for copyright infringement. The federal court ruled in favor of the plaintiff20 pointing out that both the magazine and the plaintiff posted the photo online to document Trump’s appearance at the event. It rejected the Esquire’s fair use defense holding that the magazine’s use was not sufficiently transformative. Most of the information reported with the photo could be obtained from the photo itself the court said. In another case a website that published an article about celebrities’ political views included an unlicensed photo of country music star Kenny Chesney and an article about Kid Rock’s plans to run for office and a photo of Kid Rock. The photographer sued the website for using his photos without giving him credit as required by the Wikimedia creative commons license. Here a federal court concluded the website’s use of the photos was sufficiently transformative because the photographer’s purpose in taking the photos was completely different from the website’s purpose in publishing the photos.21 The photographer’s goal was to document the singers performing while the website’s goal was to comment on issues of public interest. Athletes have always been protective of their rights of publicity – after all it’s a lucrative source of revenue. Technology has upped the ante – as three key lawsuits in recent years show: Former University of Illinois football players sued Draft Kings and FanDuel over the fantasy football giants’ use of athletes’ names likenesses and statistics without their permission.22 A federal Indiana court dismissed the athletes’ claims concluding that the state’s publicity rights statute allows the companies to use their names images and performance information because that information is considered newsworthy. On appeal the Seventh Circuit U.S. Court of Appeals asked the Indiana Supreme Court to weigh in. It agreed that under the state’s publicity rights statute Draft Kings and FanDuel had the right to use college athletes’ information and images because the data is considered newsworthy. On remand the Seventh Circuit rejected Draft Kings and FanDuel’s remaining arguments. Two former college basketball players accused T3 Media of illegally selling non-exclusive licenses that allowed license holders to download photographs of the athletes from the NCAA’s photo library for non-commercial use. The California court concluded the Copyright Act preempts the former athletes’ claims. The Ninth Circuit upheld the ruling in 2017 explaining that a publicity right claim may proceed when a likeness is used without consent on merchandise or in advertising. But in situations where a likeness has been captured in a copyrighted artistic visual work and the work itself is being distributed for personal use a publicity right claim “is little more than a thinly disguised copyright claim because it seeks to hold a copyright holder liable for exercising his exclusive rights under the Copyright Act” said the Ninth Circuit. 23 The U.S. Supreme Court refused in 2016 to consider whether Electronic Arts Inc. had the right to use the images of retired players in its Madden NFL video games. Former NFL players sued Electronic Arts alleging that its use of their likenesses in the videogame series violated their right of publicity under California Civil Code 3344 and California common law. The high court let stand a Ninth Circuit ruling that that EA could not cite the First Amendment to avoid a class action filed by retired NFL players who argued that EA violated their state-law rights of publicity by including them without permission on Madden NFL “historic teams.”24 The right of publicity and privacy does not belong exclusively to celebrities. Sports fans can bring claims in state and federal courts after the fact but as yet they have no voice in the development of fan engagement initiatives that collect and use their personal information. It’s possible that back-of-ticket contracts could limit specific rights but as technology extends the game audience in new and more interactive ways it’s unclear what rights fans who are not at the venue would have. SPORTS BETTING On May 14 2018 the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA)25 enacted in 1992 to bar betting on amateur or professional sports in most states. This has opened a pandora’s box of legal issues for sports organizations – from maintaining the integrity of the games to how much of the revenue if anything teams leagues and players should receive to protecting the privacy of those placing the bets. A second decision could have broad implications for sports betting as well. The U.S. Department of Justice (DOJ) determined in late 2018 that the Federal Wire Act applies to both sports betting and non-sports betting raising questions about the future of online gambling.26 The DOJ decision made public in January 2019 reversed its 2011 opinion that the Wire Act only applied to sports betting. The reversal will likely lead to lawsuits challenging the DOJ’s decision and could have implications for online sports betting. Only a handful of states have implemented online sports betting so far and the debate over the DOJ’s ruling could hinder other states in setting up online sports betting particularly across state lines. These days sports wagering is heavily technology and data-driven. And with more technology and data come the need for more monitoring and oversight. Players unions for the Big Four leagues said they will work to ensure their players’ privacy and publicity rights are adequately protected as sports wagering takes off. But will sports organizations need to consider fans’ rights as well? For example as fans get more involved in games for example with the FCFL using their data and participation could have legal implications. Legalized gambling will also have an impact on fantasy sports with industry giant DraftKings set to launch its own mobile sports betting platform. Assuming that gambling is permitted on FCFL games where fans will call the shots the new league could ban participants from placing bets. WHAT’S NEXT? Issues presented by technology in sports is an evolving area of sports law for all parties involved but especially for fans as fan engagement becomes a more important part of the sports industry. While fans are a crucial part of the sport ecosystem they have little official collective power or protection. Groups dedicated to protecting fans’ rights such as the Sports Fans Coalition (SFC) could take up privacy and monetization issues on fans’ behalf; the SFC is already championing fans’ rights in sports betting and has developed the Sports Bettors’ Bill of Rights. Consumer privacy protection groups could also potentially get involved. In developing and/or adopting fan engagement initiatives sports organizations would do well to learn from experience—for example data breaches that exposed the personal information of millions of consumers and litigation brought by individuals seeking compensation for the use of their images and likenesses. The future of tech innovations in sports that will affect fans may be difficult to foresee but the legal issues involved are not entirely unpredictable. {slider References|closed} 1 Hobbes Thomas ‘Wimbledon launches messenger bot as it backs AI to “reshape” tennis coverage’ Marketing Week 27 Jun 2017 https://www.marketingweek.com/2017/06/27/wimbledon-backs-ai-to-reshape-tennis/ (accessed 7 January 2019). 2 McClung Brandon ‘NFL Average Attendance Lowest Since ‘11; Chargers Down 56% At StubHub Center’ sportsbusinessdaily.com 3 January 2018 https://www.sportsbusinessdaily.com/Daily/Issues/2018/01/03/Research-and-Ratings/NFL-attendance.aspx (accessed 7 January 2019). 3 ‘Attendance drop strikeout rise has MLB concerned’ USA Today 27 May 2018 https://www.usatoday.com/story/sports/mlb/2018/05/27/attendance-drop-strikeout-rise-has-mlb-concerned/35423331/ (accessed 7 January 2019). 4 ‘Team Marketing Report’s 2018 NFL Fan Cost Index® Shows Slight Increase’ Team Marketing Report 3 October 2018 https://www.teammarketing.com (accessed 9 January 2019). 5 ‘Fan Cost Index® Details 2.4% Increase to Attend MLB Games’ Team Marketing Report 23 April 2018 https://www.teammarketing.com (accessed 9 January 2019). 6 Isaac Mike ‘With N.F.L. Deal Twitter Live-Streams Its Ambitions’ The New York Times 14 August 2016 http://www.nytimes.com/2016/08/15/technology/with-nfl-deal-twitter-live-streams-its-ambitions.html (accessed 9 January 2019). 7 ‘Lucid Sight to debut MLB Crypto Baseball this summer’ Crypto Reporter 14 July 2018 https://www.crypto-reporter.com/press-releases/lucid-sight-to-debut-mlb-crypto-baseball-this-summer-4446/ (accessed 9 January 2019). 8 ‘NFL Players Association Invests in Blockchain Startup’ Bitcoins Daily News 5 August 2018 https://bitcoinsdailynews.com/nfl-players-association-invests-in-blockchain-startup/ (accessed 9 January 2019). 9 National Basketball Association Press Release 17 May 2016 http://pr.nba.com/nba-broadbandtv-playmakers/ (accessed 7 January 2019). 10 NCAA Press Release 19 December 2017 https://www.ncaa.com/news/ncaa/article/2017-12-19/google-cloud-named-official-cloud-ncaa (accessed 7 January 2019). 11 K. Karkazis and J.R. Fishman ‘Tracking U.S. Professional Athletes: The Ethics of Biometric Technologies’ American Journal of Bioethics vol. 17 issue 1 2017 https://www.tandfonline.com/doi/abs/10.1080/15265161.2016.1251633 (accessed 7 January 2019). 12 Stammel Christian ‘These Wearables Make Fans Actively Take Part in Their Favorite Sports: Top 6 Fan Engagement Wearables ISPO.com 10 August 2018 https://www.ispo.com/en/trends/top-6-engagement-wearables-sport-fans (accessed 7 January 2019). 13 Stammel Christian ‘These Wearables Make Fans Actively Take Part in Their Favorite Sports: Top 6 Fan Engagement Wearables ISPO.com 10 August 2018 https://www.ispo.com/en/trends/top-6-engagement-wearables-sport-fans (accessed 7 January 2019). 14 Stammel Christian ‘These Wearables Make Fans Actively Take Part in Their Favorite Sports: Top 6 Fan Engagement Wearables ISPO.com 10 August 2018 https://www.ispo.com/en/trends/top-6-engagement-wearables-sport-fans (accessed 7 January 2019). 15 ‘CLEAR partners with Major League Baseball & Tickets.com to introduce biometric ticketing’ Clear Sports 12 July 2018 https://www.businesswire.com/news/home/20180712005205/en/CLEAR-Partners-Major-League-Baseball-Tickets.com-Introduce/ (accessed 9 January 2019). 16 Beacham Greg ‘Football league in which fans call the plays will stream on Twitch’ The Chicago Tribune 9 April 2018 https://www.chicagotribune.com/sports/football/ct-twitch-indoor-football-20180409-story.html (accessed 9 January 2019). 17 ‘NBA announces multiyear partnership with Sportradar and Second Spectrum’ National Basketball Association 22 September 2016 https://pr.nba.com/nba-announces-multiyear-partnership-sportradar-second-spectrum/ (accessed 8 January 2019). 18 ‘WHOOP strikes landmark deal as the Officially Licensed Recovery Wearable of the NFL Players Association’ NFL Players Association 24 April 2017 https://www.nflpa.com/players/news/whoop-strikes-landmark-deal-as-the-officially-licensed-recovery-wearable-of-the-nfl-players-association/ (accessed 8 January 2019). 19 Rosenbach v. Six Flags Entertainment Corp. et al. Case No. 123186 Ill. Sup. 25 January 2019. 20 Otto v. Hearst Communications Inc. Case No. 17-4712 S.D.N.Y. Dec. 10 2018 21 Philpotv.MediaResearchCenterInc. No. 17-822 (E.D. Va.) Jan. 8 2018 22 Daniels et al. v. FanDuel Inc. et al. Case No. 17-3051 7th Cir. 23 Maloney et al. v. T3 Media Inc. et al. Case No. 15-55630 9th Cir. April 5 2017 24 Davis et al. v. Electronic Arts Case No. 12-15737 9th Cir. January 6 2015 25 Murphy v. NCAA et al. Case No. 16-476 U.S. Sup. May 14 2018 26 Stutz Howard ‘DOJ reverses 2011 opinion of the Wire Act; legal online gaming in question’ CDC Gaming Reports 15 January 2019 https://www.cdcgamingreports.com/doj-reverses-2011-opinion-of-the-wire-act-legal-online-gaming-in-question/ (accessed 20 February 2019). {/sliders}

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Crypto Fails To Impress For Corporate Tax Payments

When the state of Ohio partnered with cryptocurrency company BitPay last year it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. In an interview with CNBC at the time Ohio’s then-State Treasurer Josh Mandel said the initiative would increase “options and ease” for businesses and support the local tech startup community.

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People Are Saying Bitcoin Has Bottomed And New Price Data Supports Them

Bitcoin trapped in a long-running bear market seemingly without end could be about to turn a corner according to a bevy bullish comments from those in the tech and crypto industry—and new data that suggests the bitcoin price could be poised to move higher...

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One Giant Leap For Crypto — Nasdaq Finally Launches Crypto Indexes

Bitcoin Liquid Index and Ethereum Liquid Index will as mentioned offer a “real-time spot or reference rate” for Bitcoin and Ethereum as Nasdaq put it.

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Virus Targets Brokers’ Crms Irs Is Eyeing Crypto: Editor’s Pick

Brokers’ client databases have always been a lucrative target for hackers and thieves ... JP Morgan has been a symbol of cryp...

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Bitcoin Continues Rally Amid Positive News For Crypto Market

Bitcoin and other cryptocurrencies have increased significantly in value over the past two weeks as bullish market conditions return.

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Ethereum (ethusd) Bounces 100% Off Dec Low Going Into Fork

Ethereum (ETHUSD) Bounces 100% Off Dec Low Going into Fork Saturday February 23 2019

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Bitcoin [btc] And Other Cryptocurrencies Push Cryptocurrency Trading Volumes To A Record High

Coinmarketcap recently announced that it hit a 300-day high in crypto volume which indicated a massive upward thrust. The crypto trading volume recorded a high of $33.85 billion. The collect…

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Bitcoin Barrels Toward $4300 Sparking Huge Crypto Rally

Bitcoin’s price barreled past $4200 ;ate Saturday sparking an equally large rally for alternative cryptocurrencies and fueling optimism that the end of ‘crypto winter’ was finally near. Crypto Coins Surge With the exception of stablecoins the top 30 cryptocurrencies all reported gains through the latter stages of trading Saturday. Bitcoin peaked at $4282.40 on Bitfinex […]

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Bitcoin – The Bulls Hit $4200 But Need $4500

It's a bullish start to the day but for a hold onto early gains Bitcoin will need to avoid a pullback through to sub-$4250 levels.

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Understanding Tradeoffs: Decentralization Vs. Usability

Blockchains have unlocked a new design space for computing with the advent of trustless computing. In a world of increasing centralization (a la the Big Four) increasing control and exploitation (a…

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Jpm Coin: A Game Changer Or Just Another Addition To A Sea Of Stable Coins?

Jamie Dimon JPMorgan’s CEO has been in the news for being a stringent Crypto critic — his popular rant about Bitcoin being a ...

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Kenyan Crypto Adoption And Trading Grows Despite Warnings From Regulators

Over the last two years the Kenyan government and central bank have been discussing how to regulate bitcoin and other digital currencies. In March 2018 the Central Bank of Kenya warned the general public about cryptocurrency investments. After those warnings the region’s Capital Markets Authority (CMA) cautioned the public again after investigating a project called …

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Crypto Adoption Is Spreading Like Wildfire; Where Is Bitcoin Headed?

Crypto markets turned heads this past week following a rare surge in trading volume on virtual exchanges. In a matter of days the cryptocurrency market capitalization ballooned by over $16 billion offering the first convincing sign of 2019 that the bears were breathing their last gasp. While it’s still too early to definitively declare crypto […]

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Report: Russian State Duma To Review Crypto Regulation Oil-backed Crypto In Development

The Russian State Duma plans to review and adopt new cryptocurrency regulation in March.

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How Significant Is Bitcoin Price To Mainstream Crypto Adoption?

Since 2009 criminals have connected cryptocurrency to over $2.5 billion worth of dirty money. It has also been used to hide identities while transacting for some illegal purposes over dark web. De…

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State Treasurer: Ohio Companies Now Paying Tax In Btc

Ohio became the first U.S. state to accept cryptocurrency as a means of payment ... Ohio doesn’t actually receive or hold bit...

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Dash Ceo Marks 5th Anniversary With Deep Look At The Industry

every delegate I spoke to from China said Beijing is so hard on crypto because they are creating their own. Will we soon see ...

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Casperlabs Is Building A Pos Blockchain With Help From Ethereum’s Vlad Zamfir

A new blockchain startup was launched today called CasperLabs. Aiming to build a proof-of-stake blockchain based upon the seminal work of Ethereum Foundation researcher Vlad Zamfir CasperLabs has announced Zamfir as lead consensus protocol architect to the project.

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Bitmart And Paxful Team Up To Generate Crypto Liquidity

On February 21 2019 peer-to-peer bitcoin marketplace Paxful announced a partnership with trading platform BitMart for the purpose of vastly increasing the latter’s liquidity and scalability. In a company statement Paxful claimed that this project was initiated “in the hopes of increasing liquidity and scalability” across the entire crypto asset industry. Paxful’s model for peer-to-peer …

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Did Sec & Cftc Suggest A Self-regulated Dao For Crypto Industry?

During the Bipartisan Policy Center panel held on Feb. 12 Commissioner Brian Quintenz from the United States Commodity and Futures Trading Commission (CFTC) suggested that crypto bodies should loo…

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Binance Launches Decentralized Exchange In Testnet

Binance continues to expand its influence in the crypto ecosystem announcing on Wednesday the launch of the testnet for its ...

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Bitcoin Price Breaks Above $4000 Amid Samsung Galaxy S10 Crypto Wallet Rumours

The price of bitcoin has broken above $4000 for the first time since early January as cryptocurrency markets continue their recent surge. The latest gains come amid rumours that Samsung is planning a cryptocurrency wallet in its forthcoming Galaxy S10 range of smartphones set to be unveiled on 20 February. In January a leaked photo of the iPhone rival suggested the handset will come with an in-built cryptocurrency wallet that support both...

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A New Bubble? Bitcoin Finally Breaks Above $4k As Samsung Creates Cryptocurrency Wallet Hype

In January Samsung self-leaked photo of the iPhone rival in a marketing ploy and seemed to indicate that the phone will co...

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Ciphertrace Raises $15 Million To Boost Blockchain Analytics

Blockchain analytics company CipherTrace has secured $15 million in a funding round from venture capital firms.

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Binance Releases A First Version Of Its Decentralized Crypto Exchange

Binance the world’s largest crypto exchange has launched an initial version of its highly-anticipated decentralized trading service (dex) today which is available now at testnet.binance.org. The launch — which is initially a testnet as the URL suggests — has been a long time com…

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