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CRYPTOMARKET
  • Gov’t-Owned Entity Launches Blockchain-As-A-Service Platform In China

    A Chinese government research institute has begun offering a blockchain-as-a-service platform that aims to enable a wide range of use cases, from identity management to digital coupon issuance. At a March 26 FinTech summit hosted by the municipal government of Hangzhou, the China Banknote Blockchain Technology Research Institute announced the roll out of its new […]
  • Upbit Launches Cryptocurrency Index While Parent Company Dunamu Invests $92 M In Blockchain

    Local media is reporting that South Korean FinTech company Dunamu is investing big into blockchain development and startups. Meanwhile, the exchange owned by Dunamu, Upbit, announced it has developed a cryptocurrency index. Announced earlier today, and reported by The Korea Herald, Dunamu – operator of the South Korean cryptocurrency exchange Upbit – will invest 100 […]
  • Internal Revenue Service Reminds Taxpayers To Report Cryptocurrency Gains

    Circle April 17, 2018, in your calendars – that’s the deadline to file 2017 returns and pay any taxes due to the IRS. And don’t forget about cryptocurrency gains either! The taxman cometh. On Friday, March 23, 2018, the Internal Revenue Service (IRS) issued a release to remind taxpayers that “income from virtual currency transactions […]
  • Tennessee Establishes Legal Authority Of Blockchain Technology, Smart Contracts

    On Thursday, Tennessee became the latest state to create a legal foundation for the usage of blockchain technology and “smart contracts.” On March 22, 2018, Republican governor Bill Haslam signed into law Senate Bill (SB) 1662, which amended the Tennessee Code Annotated, Title 47, Chapter 10. Effective immediately, the law created legal footing for blockchain technology […]
  • Coinbase Bug Allowed Users To Fund Wallets With Virtually Unlimited Ether

    Disclosed today, an exploit in Coinbase contracts allowed users to fund wallets with potentially unlimited amounts of Ether. Dutch researchers discovered the flaw, furnishing it to Coinbase in January. The Dutch firm, VI Company, was instrumental in identifying a Coinbase exploit that was – until today – largely unknown. Disclosed via the vulnerability tracking and […]
  • US Treasury Could Add Cryptocurrency Wallet Addresses To Sanctions List

    The Treasury has laid the groundwork to add specific wallet addresses to its SDN List, but the efficacy of the department’s approach is questionable. On March 19, 2018, the US Department of the Treasury issued guidanceregarding virtual currency sanctions levied by its Office of Foreign Assets Control (OFAC), explaining that OFAC may add specific digital […]
  • G20’s Closing Statements On Cryptocurrency And Blockchain

    The G20 summit in Argentina closed its session with a directive for future development of crypto-asset and blockchain standards, protections, and innovation. The recent G20 summit in Buenos Aires, Argentina, which took place over March 19-20, 2018, has come to a close. Representatives from around the globe addressed such topics as challenges to the cautiously […]
  • Ethereum Price Forecast: Ether Could Revive Slowly

    Ether is consolidating losses against the US dollar and bitcoin. ETH/USD struggled to pierce $620.00 and is currently trading in a range. Key Highlights Ether’s price is correcting higher but it is struggling to trade above $620.00 against the US dollar. There is a key contracting triangle forming with resistance near $625.00 on the hourly […]
  • Initial Coin Offerings Must Learn From Theranos

    “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday.” On Wednesday, the United States Securities and Exchange Commission (SEC)filed charges against Theranos Inc as well as its disgraced CEO, Elizabeth Holmes, and former president, […]
  • Korean Authorities Raid Three Cryptocurrency Exchanges

    Korean officials have visited the premises of three digital asset exchanges where staff are suspected of illegally taking possession of customer funds in order to buy virtual currency for themselves. Between March 12 and March 14, officials with the Seoul Southern District Prosecutors’ Office reportedly conducted searches at three South Korean cryptocurrency exchanges. Personnel with the […]
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