Tag: cryptocurrencies

On November 14, 2018, the International Monetary Fund’s (IMF) Managing Director Christine Lagarde is of the opinion that governments and central banks should look into issuing state-backed digital currencies, witnessing the global shift to cashless economies. Although, IMF chief stated that such innovation could best be achieved by a public-private partnership.    Regaining Footing in Digital Money Ecosystem Speaking at…

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According to a November 11, 2018 report from Axios, S&P 500 executives are dropping blockchain buzzwords less on earnings calls and during presentations to analysts and investors, but it doesn’t necessarily mean that the blockchain fever is over for corporate America. Number of Blockchain Mentions Falls as Much as 80 Percent The value of digital currencies might not be the…

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Kaspersky Lab’s cyber threat and research arm Securelist published a report on November 13, 2018, which provides details on the rising trend of cyber attacks on cryptocurrency exchanges in Q3 2018. The report also mentions prominent cyber attack groups including Lazarus as well as observing massive growth in crypto mining attacks. Q3 2018 Crypto Attack Trend The notorious cyber hacking…

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Hilda Heine, the President of the Marshall Islands, recently survived her vote of no confidence. According to an article from Nikkei Asian Review’s published on November 13, 2018, Heine is pushing ahead with the plan to introduce Sovereign, the state-backed cryptocurrency for the Marshall Islands. Heine Survives the Vote of No Confidence BTCManager reported last week that Heine received a…

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Last week, cryptocurrency mining company Bitfarms filed a preliminary prospectus with the Ontario Securities Commission (OSC) in a bid to offer public shares on one of Canada’s most prominent bourses, reported Calcalistech on November 12, 2018. Shifting to Booming Canada Bitfarms CEO Wes Fulford noted Canada has “one of the most active public markets” in the burgeoning blockchain sector, with…

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South Korean cryptocurrency exchange Zeniex will terminate its services due to increasing government pressure on unauthorized digital currency exchanges. According to Zeniex’s website post, published on November 9, 2018, the cryptocurrency exchange noted that operating amidst a government crackdown on the industry will be a challenging feat. Closing Down Due to Government Pressure The cryptocurrency exchange opened on May 8,…

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Nimiq announces NET token end-of-life: The Last and Final Opportunity Ends on Friday November 30, 2018 (3:00 PM GMT). Surfacing in early 2017, Nimiq is the first browser-based blockchain and aims to be the most accessible, high performance, decentralized payment system. The Nimiq mainnet and its native NIM token have been operational since successful launch on April 14, 2018. Holders…

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At a time when stablecoins have become the rave of the moment in the cryptoverse, with several startups from Circle Internet Financial, Gemini, and others launching own dollar-backed altcoins, Asher Tan, the co-founder of CoinJar, a digital assets platform, has predicted a bright future for the price-steady alternatives according to a Financial Review report on November 12, 2018. Stablecoins to…

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STIPS|FinTech is ready to launch an operable MVP of STIPS|Oculus in November with the fund and index modules, offering a harmonious mix of financial tools to bring reliability, transparency and convenience to the crypto market October 13, 2018 — The STIPS|FinTech project has recently proposed its product offering on the crypto market, aiming at creation of an convenient and scalable…

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According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U.S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence. Earlier this year, in March 2018, the Internal Revenue…

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