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Convicted Silk Road Administrator Ross Ulbricht Knocks On Supreme Court’s Door

January 2, 2018 by Priyeshu Garg at Commentary, News, Regulation

Ross Ulbricht, the convicted admin of the now-defunct darknet marketplace Silk Road, has approached the US Supreme Court seeking legal respite. Challenging Ulbricht’s Conviction Ulbricht was one of the principal figures behind the infamous bazaar, best known as one of the largest-ever online marketplaces for illegal drugs. He was nabbed...

Why Asia-Pacific Countries Are Preparing To Tighten The Noose On Cryptocurrencies

January 2, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Commentary, News, Regulation

Over the past few weeks, many have heard prominent analysts and corporate bosses predicting a rather gloomy future for cryptocurrencies. Most of them have openly expressed their reservations against the so-called bitcoin “bubble” which caused unprecedented growth in the virtual currency’s dollar-valuation in 2017. Spillover into Traditional Markets Despite all...

A bitcoin man holding a Vietnamese flag walking through a grass field.

Many Vietnamese Businesses Still Accepting Bitcoin Payments Despite Government Warning

December 30, 2017 by Priyeshu Garg at Bitcoin, Business, News, Regulation

The Vietnamese government seems to be struggling to enforce its crackdown on bitcoin transactions and activity. According to reports, many business establishments including restaurants and cafes are still accepting the digital currency for payments despite government warnings. Active Bitcoin ATMs Expectedly, the government is not taking kindly to these reports...

Russia Considers Global Approaches Before Drafting Crypto Mining Bill

December 30, 2017 by Priyeshu Garg at Commentary, Finance, Mining, News, Regulation, Tech

The Russian government has taken a markedly open-minded approach to cryptocurrency mining after examining existing methods and regulations from around the world before imposing the country’s own. International Mining Summit Boris Chernyshov, the State Duma Committee for Education and Science’s deputy chairman, has confirmed that Russia’s government will host a...

Israeli Authorities Set to Ban Cryptocurrency-Related Firms From Listing On the Stock Exchange

Israeli Authorities Set to Ban Cryptocurrency-Related Firms From Stock Exchange

December 30, 2017 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, Finance, News, Regulation

While some claim that cryptocurrencies have been one of the most significant creations of man in the 21st century, some governments and financial institutions see digital cash as a considerable threat that could make them obsolete if not adequately handled. In a slew of events, Israel has revealed itself as...

Israel Government Considering National Cryptocurrency

December 29, 2017 by Andrew Weilbacher at Bitcoin, Blockchain, Business, Commentary, News, Regulation

Following in the strides of Russia and Dubai, Israel is thinking of offering a federal cryptographic money - a computerized shekel - which would correspond to the physical currency. Interest in National Cryptocurrency, not Bitcoin If the national bank gives the venture the green light, the Israeli government is prepared...

Asian Countries That Have Contributed To The Growth Of Bitcoin So Far

December 29, 2017 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News, Regulation

It is no longer news that bitcoin is the world's most valuable and most expensive cryptocurrency, neither is it news that the Bitcoin market capitalization is over $270 billion. Moreover, its market cap has established itself far above some blue-chip firms like Visa, Mastercard, Walt Disney, IBM, McDonald's and many...

WikiLeaks Founder Urges Cryptocurrency Donations After US Financial Blockade

December 29, 2017 by Rahul Nambiampurath at Bitcoin, Commentary, Finance, News, Regulation, Tech

In a series of tweets on December 17, 2017, the founder of WikiLeaks, Julian Assange, alleged the United States government of breaching citizens' First Amendment rights. He also accused the government of politically-induced financial censorship after it began obstructing US-based individuals from donating to the organization. Thus, in light of...

Central Bank of the Philippines Plans to Regulate Bitcoin

December 27, 2017 by Priyeshu Garg at Bitcoin, Business, News, Regulation

Bankgo Central ng Pilipinas (BSP) is looking to regulate bitcoin and other digital assets in the Philippines. Seeking Guidance in an Unregulated World According to Chuchi Fonacier, Deputy Governor, the bank plans to impose new regulations for cryptocurrencies. The Philippine official wants specifically to work with exchanges and businesses whose...

Australian Company Set To Launch A National Cryptocurrency Exchange

December 24, 2017 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

The constant volatility and Bitcoin price fluctuations have not deterred many investors from joining the “Bitcoin spacecraft to the moon.” Instead, with each passing day, new businesses are springing up in the cryptocurrency ecosystem. Startups and new firms who previously were nowhere near the Blockchain path are now re-engineering their...

Blockchain’s Potential for Humanitarian Aid: Danish Foreign Ministry

December 18, 2017 by Andrew Weilbacher at Blockchain, News, Regulation, Tech

One of the most important and interesting developments in recent weeks is the ability to move foreign aid onto the blockchain. Hack the Future of Development Aid is a study that is attempting to deliver rights to the poor and speed up aid transfers. Three institutions are spearheading the effort;...

Critics Condemn Bitcoin’s Electricity Consumption, But it’s a Nonissue

December 17, 2017 by Joseph Young at Bitcoin, Commentary, Mining, Regulation, Tech

Bitcoin’s electricity consumption has become the target of criticism recently, and some reports by the mainstream media have claimed that the cryptocurrency may contribute to climate change in the long-term because of its excessive use of energy. Years of Attacks Since its launch in 2009, various critics and the members...

India Turns Attention to Bitcoin Exchanges to Investigate Tax Evasion

December 17, 2017 by Rahul Nambiampurath at Bitcoin, Business, Commentary, Finance, News, Regulation

On December 13, 2017, the Indian income-tax department reportedly conducted surveys at bitcoin exchanges across the country to assess the risk of individuals who may have evaded taxes. Surveying Indian Exchanges Typically such surveys are conducted by the department without prior warning and include relatively extensive scrutiny of the assessee’s...

Munchee ICO Terminated by the SEC

December 16, 2017 by Nigel Dollentas at Finance, News, Regulation

Quickly following the SEC’s statement regarding ICOs (Initial Coin Offerings) and cryptocurrencies, the regulator shut down Munchee’s token sale, which raised $15 million. The company received their cease and desist from the SEC on December 11, with all $15 million being returned to their respective investors. Munchee looks to roll...

Blockchain Platform Waves To Form New Self-Regulatory Body For Blockchain and ICO Industry

December 16, 2017 by Priyeshu Garg at Blockchain, Commentary, News, Regulation

A new self-regulatory body will soon set standards for the blockchain and ICO industry. Founded by blockchain platform Waves, the new outfit aims to provide an array of services in areas such as legal, tax and accounting, business due diligence, and KYC for emerging companies in the domain. The organization...

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