Blockchain News

Derivatives Drama: The Unintended Consequences of Crypto Regulation

Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures platform highlights two very important lessons, one obvious and one less so.

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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Cr…

On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope as well.

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Reddit Roasts the IRS: Have America's Tax Collectors 'Gone Crypto F…

In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by the agency, saying they’re operating mostly from guesswork, casting broad nets and leveraging fear to generate revenue.

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10,000 American Cryptocurrency Owners Will Receive Warning Letters…

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August.

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Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy.

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India to Educate High-Ranking Police Officers on Cryptocurrency

India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins.

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The Swiss Are Onto Something: Facebook, Libra and the Case for Dece…

A recent letter from the U.S. House of Representatives to social media giant Facebook has crypto users speculating feverishly. The implications of the letter, and Calibra CEO David Marcus’ recent response, will inform the future of money not only in America, but worldwide.

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What Makes Slovenia a Cryptocurrency Leader – Bitcoin.com Mini-Docu…

Slovenia has a population of just 2 million but contains more retail locations accepting bitcoin cash payments than the entire United States. What makes this small country such a cryptocurrency adoption leader? Watch the following video to find out.

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Libra White Paper Shows How Facebook Borrowed From Bitcoin and Ethe…

With the long-awaited Libra white paper, Facebook is showing off its blockchain smarts, and making a bid for crypto credibility.

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IBM, Maersk’s Blockchain Platform TradeLens Is Shipping to Russia

A blockchain-powered platform built by IBM and Maersk and designed to facilitate international trade is to launch in Russia.

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Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds W…

A polish cryptocurrency exchanged called Coinroom shut down on April 2, 2019, taking multiple customer accounts worth up to $15,000. The site is currently down and there is no way to contact the founders.

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What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.

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G20 Countries Start Implementing Unified Crypto Standards

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last few weeks.

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US Copyright Office Says It Does Not ‘Recognize’ Craig Wright as Sa…

Even as bitoin SV (BSV) enjoyed a Craig Wright/Satoshi bump Tuesday, the U.S. Copyright Office was hard at work dispelling notions that it officially “recognized” anyone as the inventor of bitcoin.

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Codename ‘TRUEngine:’ GE Aviation and Microsoft Reveal Aircraft Par…

GE Aviation, which supplies jet engines to about 60 percent of the global airline industry, has built a supply chain track and trace blockchain with the help of Microsoft Azure.  

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Renewed Market Growth Has Sparked Demand for Crypto-Backed Loans

With cryptocurrency markets back to life, hodling sounds like a smart strategy once again. Cryptocurrency owners are now more likely to pledge coins to borrow fiat if they need it, rather than sell their appreciating digital assets.

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Bitcoin.com Celebrates 4 Million Wallets Created

On May 5th Bitcoin.com celebrated a milestone as the Bitcoin.com Wallet has seen a whopping 4 million wallets created since the light client launched. The wallet allows anyone in the world to participate in the cryptoconomy by offering a secure, noncustodial storage solution for bitcoin cash (BCH) and bitcoin core (BTC).

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DAI Stablecoin’s Stability Fee Nears 20% After Latest MakerDAO Vote

The dollar-pegged stablecoin DAI is still trading below one dollar but is now considered to be in a “stable” position.

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‘Up to 100 Million’ Paxos Stablecoins to Be Issued on Ontology Bloc…

Ontology is to launch the Paxos Standard (PAX) stablecoin, a cryptocurrency backed 1:1 with U.S. dollars, on its blockchain.

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Five Simple Ways to Increase Your Privacy When Using Cryptocurrency

Cryptocurrency without privacy is pointless. If your coins aren’t fungible, you lose much of the benefits of using cryptocurrency in the first place. Privacy isn’t just won and lost onchain though. In fact, much of the privacy gains to be made when it comes to sending, spending and trading crypto occur offchain, as you go about your business on the web.

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Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regula…

Despite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards.

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How EU and 5 European Nations Regulate Cryptocurrency

Leading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators.

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Philippines Now Has 10 Approved Cryptocurrency Exchanges

The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto exchanges.

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Cryptocurrency Adoption Grows Beyond ‘Bitcoin City’ in Slovenia and…

The number of stores that accept cryptocurrencies is rising in Slovenia and Croatia. Starting with merchants in one of the largest shopping and entertainment complexes in Europe, Elipay has now integrated with 300 stores in Slovenia and begun expanding into Croatia following approval by the country’s central bank.

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New $50 Million Fund Makes First Investment in Blockchain ID Startup

A new $50 million VC fund has been set up by Nasdaq-listed company Okta to invest in early-stage technology startups, including those working with blockchain.

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Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider…

South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job.

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How Crowd Power and Carrots Are Redefining Blockchain Governance

It’s not just blockchains that have to reach consensus: the people using them also need to be in agreement. Otherwise, chain splits occur, as has happened to Bitcoin 47 times and counting. Blockchain governance has traditionally been dull, involving primitive voting systems and low participation.

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UPS Targets B2B Sales With New Blockchain E-Commerce Platform

U.S.-based shipping giant UPS has announced a new blockchain integration aimed to bring business-to-business (B2B) sales into the digital age.

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Borderless From Block Collider Is a High-Speed DEX That Unites 5 Bl…

Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to be markedly different from the competition.

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