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It’s Time To Strengthen The Regulation Of Crypto-assets

There is a gap in the regulation of crypto-assets that Congress needs to fix. The gap is contributing to fraud and weak investor protection in the distribution and trading of crypto-assets. In &#82…

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Ethereum (eth) To Be Asic-resistant No Date Set However

Ethereum core developers once again approved the migration to ProgPoW the ASIC-resistant approach to mining without promising a set date.

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Canada To Develop A Regulatory Framework For Cryptocurrency Exchanges

The Canadian financial regulators - Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) out

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Coinness Landed Series A Funding Amid A Stagnant Crypto Market

Asias largest blockchain information platform CoinNess just closed its Series A round funding calculated in millions of dollars led by Chinese leading ven

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Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

Banking startup 2gether is launching a prepaid Visa debit card that allows eurozone-based users to spend cryptocurrencies.

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What’s Driving The Bitcoin (btc) Rally Past $4000? Factors And Trends

In the end Bitcoin (BTC) bulls have begun to rear their unpleasant heads. Whilst cryptocurrency tra

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Basel Supervision Arm Of The Bis Expresses Risk Warnings For Cryptoassets

Crypto Winter’s consequences are now reaching global standard ... International Settlements (BIS) has sent a directive to banks that: Cryptoassets such as bitcoin pose potential risks to financial ...

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What Made A Super High-tech Home In Victorian England? Hydroelectic Witchery For Starters

Q&A: Crypto-guru Bruce Schneier on teaching tech to lawmakers ... German industrialists and famous American and British inventors. But Armstrong was no nerd toiling for the sake of creation: his ...

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The Depository Trust & Clearing Corporation Provides Guidelines For Security Tokens And Post Trade Responsibilities

The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these

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Greyerz – Have The Ides Of March Been Delayed?

Also the global debt situation will necessitate a restructuring of the currency system. And sadly there are no SDRs or no new government crypto currencies that will make the debt just disappear. As ...

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When Pakistan Makes It To Bitcoin Headlines It Does For All The Right Reasons

A nation born under corruption cases and leaders we make sure to make our mark wherever we go. We truly are legen – wait for it – dary! This legendary tale took place in Dubai where th…

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Tether Reveals Its Cryptocurrency Is Not Backed By Dollar Only

Tether the largest stablecoin by market cap has revealed new details regarding its collateral model. Until recently Tether has claimed that its

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Yale Head: Bitcoin (btc) Isn’t “fundamental To The Economy”

William Goetzmann of the Yale school of management has quite a bit to say on Bitcoin (BTC) and the asset as a store of value.

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Andreas Antonopoulos Thinks User’s Lack Of Technical Expertise Leads To “very Serious Risk” To Cryptos

The very premise of blockchain and crypto technology is that it is inclusive accessible and safe for all and although that is definitely how the inventor of Bitcoin envisioned this technology to p…

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You Can’t Miss Out On These Top 5 Crypto And Blockchain Films

Feature films about blockchain and cryptocurrencies? We must be kidding right? Well wrong because there are definitely more than 5 awesome movies on our favourite subject. But we’ll just lis…

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Sec Chair Jay Clayton Provides Additional Clarity On The Status Of Cryptos

The U.S. SEC Chairman Jay Clayton provided additional clarification on the status of Cryptocurrencies regarding whether they are securities or not.

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Bitcoin Lightning Network Reaches 1000 Btc Capacity

Normal application of the Bitcoin Lightning Network consists of initiating a payment carrier by executing a funding transaction to the relevant blockchain.

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Bitcoin Rallying Above $4000 Could Be Due To Bitmex Futures: Analyst

There's a noticeable correlation between Bitcoin’s newest bounce and Bitmex Futures believes Luke M

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Cryptocurrencies Untether The Goat Of Sovereign Tender / The Financial Times

Cryptocurrencies untether the goat of sovereign tender The existence of digital currencies challenges the idea that money can only be created by nation-states Simon Gleeson Growing on trees: we have removed the real goats from the system and now use only notional goats © Dreamstime Back in the 1930s according to John Maynard Keynes one of the jobs of a district commissioner in Uganda was to inspect and evaluate goats. The local unit of currency was the goat so most goods were priced in goats. So when a local sought to discharge a debt by presenting an animal that was exceptionally sick old or otherwise undesirable the district commissioner would rule on whether that particular animal was fit to count as a “goat” for transactional purposes — whether it was as it were a negotiable goat. One way of understanding this system is that the relevant economy was in effect on a “goat standard” — the value of its standard currency unit was linked to the value of an underlying commodity. If the value of that commodity decreased relative to other commodities the value of the currency unit would decrease proportionately (that is there would be inflation) and vice versa. The goat standard and the gold standard are identical concepts. In both cases the idea is that money has value because it is in some way associated with a real thing for which it can be exchanged. However this “commodity standard” model has now been largely abandoned. Today’s “fiat” currencies derive their value solely from the promises of their sovereign issuers. In effect what has happened is that we have removed the real goats from the system and now use only notional goats. This means that we have stripped the idea of currency down to its barest essence — that it is no more than a token deriving its value exclusively from the expectation it will be generally accepted in payment. In a world that operates on this model anything that is accepted as payment functions as currency regardless of the identity of its creator. It should therefore be no surprise that we have seen a boom in the creation of cryptocurrencies: entirely private tokens created for the purpose of functioning as payment mediums. The existence of such currencies challenges head-on the idea that money can only be created by nation-states. In particular it refutes the idea that what gives money its status is the existence of national laws obliging citizens to use it — deeming it “legal tender”. If this were the definition of currency then it would provide the necessary link between sovereign status and money creation. However it is clearly not. Citizens of Weimar Germany for example did not stop using the mark because it ceased to be legal tender but because it ceased to be accepted in payment by their fellows. Equally the Zimbabwean economy switched in a relatively short period of time from the Zimbabwean dollar which remained legal tender to the US dollar which was not without losing a monetary function. In practice when a unit is no longer confidently expected to be generally acceptable in discharge of debts it ceases to be money regardless of its legal status. So where does this leave the sovereign link? In any economy the thing known to be acceptable as payment to the largest participant in that economy will function as money. Since the sovereign is the largest participant in any national economy anything it accepts as payment will be de facto “money” in that economy. This link however comes at a price. Because currencies are perceived as obligations of the sovereign they gain or lose value as a result of fluctuations in the creditworthiness of that sovereign. Viewed in this light the sovereign promise that backs currencies is simply a modern variation of the goat — the link tying a notional unit of account to an external thing. In 1971 the US untethered the dollar from physical gold; a move away from fiat currencies is the logical next step. Breaking that link through the use of privately issued payment instruments is equivalent to ditching the underlying goat. Once he is gone the goat will probably not be missed any more than the gold standard is missed today. The writer is a partner at Clifford Chance and author of ‘The Legal Concept of Money’

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Winklevoss: ‘crypto Doesn’t Need Rules’ Cryptocurrency Companies Do

Contrary to their Gemini billboard slogans crypto doesn't actually need rules clarified Cameron Winklevoss. Instead it's companies that deal in The Winklevoss twins have clarified that it's not crypto that needs rules per se but companies that deal in cryptocurrencies that require thoughtful oversight.

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These Cryptocurrency Exchanges Offer Futures Markets On Unreleased Tokens

Officially Cosmos atoms have yet to reach a cryptocurrency exchange and until the Cosmos network votes to approve their listing atoms aren’t tradable anywhere. Unofficially you can buy and sell Cosmos tokens on half a dozen exchanges already where the spot prices differ wildly. Welcome to the world of cryptocurrency derivatives where futures markets can …

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Interview With Eric Solis Of Movo.cash Enabling Easy Bitcoin Spending

When the World Wide Web was first created a payment protocol was built in but never used. At the time when connecting to the internet meant setting your 9600k modem to call an ISP the idea of d…

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Japanese Hacker Arrested For Stealing Over $130000 In Cryptocurrency

An 18-year-old Japanese citizen has reportedly been taken into police custody for allegedly stealing ¥15 million (appr. $134300) in cryptocurrency. According to the Japan Times the accused stole the large amount of funds by hacking a cryptocurrency-related website. Notably this is one of the first times that prosecutors in Japan have investigated a case involving the theft of cryptocurrency (by an individual). More Than $10000 In Crypto Stolen From Monappy’s User Accounts As mentioned in the incident report the alleged offender is a resident of Utsunomiya Tochigi Prefecture. However his name has not been disclosed because he is still considered

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Risks And Rewards: The Future Of Blockchain Games

The roadmap for blockchain games is risky but it promises to bring innovative business models better security and true item ownership for players.

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New Aba Report Surveys Cryptocurrency Regulations

Description

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The Rise Of Cryptojacking: Prevent It Detect It And Recover From The Malware

You may want to think that the ongoing crypto-winter would have hindered cryptojacking attacks ... cryptojacking doesn’t require serious technical skills with kits available on the dark web for as ...

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Even A 500% Increase In Crypto Facilites’ Trading Volume Didn’t Affect Bitcoin’s Price

Even $1 billion worth of trading in crypto futures hasn’t affected the price of bitcoin much. Behaving against the general perception of the prices changing after the market being overbought…

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“the Only Fraud Is Mr. Wright” Eric Thies – $5 Billion Bitcoin Fraud Investigation Continues

Jeff Garzik the software engineer and bitcoin pioneer has recently been subpoenaed by a district court of the United States which revived the case of the $5 billion bitcoin fraud allegedly made …

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Young Man Prosecuted In Japan For $134 000 Monappy Crypto Theft

An 18-year-old young man in Japan has been turned over to prosecutors to face allegations he hacked 15 million yen ($134 ooo USD) worth of Mona

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Coinbase Review [2019]: The Ultimate Beginner’s Guide To This Popular Exchange

New Coinbase review from Blokt. Is Coinbase safe? Are the fees high? We answer these questions and more in this extensive 2019 Coinbase exchange review.

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