Moody’s Research Warns Corporations That Private Blockchains Contain New Risks

The new technology presents various challenges to be overcome, both technical and non-technical, a report says. United States credit rating agency Moody’s Investor Service warned about the dangers of private versus public blockchains in new research issued on April 25. Part of an investigation into the potential impact of blockchain technology on structured finance, the […]

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$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018

Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018. A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29. The substantial rise from the AU$2.1 million ($1.48 million) […]

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Finland: Financial Watchdog Adopts Role as Supervisory Authority for Crypto Sector

Finland’s Financial Supervisory Authority is to assume its role as registration and supervisory authority for the crypto sector. Finland’s Financial Supervisory Authority (FIN-FSA) is set to assume its role as a registration authority and supervisory agency for crypto industry participants as new legislation comes into force this week. The news was revealed in an announcement […]

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Celebrity Crypto-Investments: A Boost for the Industry, but Also a Distraction

Celebrity investments are boosting crypto, but the industry still needs to build killer apps. Marketing loves celebrities — and with good reason. They’re “celebrated” people, individuals invested with bulk quantities of cultural capital (i.e., public respect, goodwill and interest), which — if tapped correctly by marketing firms — can be reflected onto endorsed products. This […]

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Ethereum Core Devs: Funding for ProgPoW 3rd-Party Audit Approved

Ethereum core developer Hudson Jameson announced that an audit of the ASIC-resistant Proof of Work algorithm ProgPoW has been funded. Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core […]

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MakerDAO CTO Departs, Points to Internal Conflicts

Andy Milenius is no longer the CTO at MakerDAO, the company behind the decentralized algorithmic Ethereum-based stablecoin DAI. Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the  company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well […]

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