Tag: technology

Planning a thorough journey to a foreign land might be an ordeal for many, as it involves visiting numerous websites and services in order to find and book a flight, a hotel room, or some excursion. Tourist service providers often tend to charge enormous amounts of money for doing it all on your behalf; websites in your destination country may…

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After BTCManager attended the one-day Zero-In conference in the Netherlands on April 19, 2018, it became clear that Amsterdam is working hard to attract the finest fintech minds to the city. After a series of panels ranging from commentary on the GDPR regulation set to pass in May 2018 to the monetization of users’ content, the event captured the commercial…

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Although initial coin offerings (ICOs) are seen as a legitimate means of raising capital, there are no clear legal and technical controls. Initial Loan Procurements (ILP), are, however, an alternative to the risky ICO model. ILPs enable decentralized crowdfunding opportunities by creating a contractually bound agreement which minimizes the risk of ICOs. According to Carey Olsen’s senior associate Luke Sayer,…

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On April 17, 2018, the bitcoin transaction volume reached a milestone of $1.006 million recorded in a single day according to the data released by VeneBloc. In what is a record for the crisis-stricken country, the attention of Venezuelans have increasingly turned to digital currencies due to the severely devalued local currency. This is how prices look when the government…

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According to a blog post by the IMF chief, authorities around the world have been muddled about the standing of “real threats” and “needless fears” in the crypto-world. In a bid to rule this out, the International Monetary Fund is looking to be an enabler in changing this mindset. IMF’s Crypto-Stance The IMF is seeking a leading position in convincing…

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In contrasting reports, South Korea cut down on the import of mining chips citing possible energy hazards for the economy; while Taiwan showed how the export of mining chips could be beneficial to the economy. The Korean Custom Services (KCS) has published a report on April 18 which placed mining hardware on a list of items which must meet strict…

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After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry. The Korean Blockchain Association, a reputable body in the South Korean cryptocurrency space, has proposed a self-regulatory system that would greatly ‘sanitize’ the virtual currency…

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According to a report by Morgan Stanley, bitcoin’s price needs to break and sustain above the $8,600 level to ensure bitcoin mining remains a profitable venture. Even with a low electricity cost of $0.03 kW/h, analysts from the US-based investment firm believe that only a price above $8,600 would keep big mining pools profitable. The report further added that decreasing…

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The pariah of user data, Cambridge Analytica, was planning an ICO before it got exposed as an abuser of Facebook users’ data according to Reuters. Implicated in a string of sordid affairs that include attempts to engineer the last American election, the company is now contemplating whether it has the credibility to go ahead with its planned ICO. In probably…

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A group of researchers released a warning on the security dangers of old bitcoin addresses that were generated via JavaScript-based wallet applications. According to the researchers, hackers can take advantage of an old JavaScript cryptographic flaw to steal bitcoin stored in such addresses. Using brute-force hacking, the private keys of such addresses can be obtained by cybercriminals and take ownership…

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