The plans significantly overtake pledged funding from the incumbent government, which has shown itself to be skeptical of the technology. Australia’s main opposition party would inject $3 million AUD ($2.1 million) into blockchain technology should it win next month’s federal election, tech news magazine ZDNet reported on May 1. Under plans previously outlined as part […]
Continue Reading
Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
Continue Reading
Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with Vitalik Buterin. Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin […]
Continue Reading
Quebec energy regulator Régie de l’énergie has released new rules for cryptocurrency miners. Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29. Under the new regulations, the Régie de l’énergie has ordered […]
Continue Reading
A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
Continue Reading
An analysis of the bitcoin price movements from a leading Italian economist. Marcello Minenna is the director of the quantitative analysis and financial innovation unit in Consob (Italian Companies and Exchange Commission), —Italian government’s authority responsible for regulating the Italian securities market — as well as an adjunct professor of stochastic finance at the London […]
Continue Reading
Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]
Continue Reading
Maltese financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams. Malta’s financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams, news outlet Times of Malta reported on April 25. The Malta Financial Services […]
Continue Reading
Users of Binance’s new Singapore platform are reportedly only able to purchase bitcoin using Singapore dollars during the “soft launch.” Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning […]
Continue Reading
Brazilian police have arrested a man for operating a clandestine drug laboratory and money laundering using the leading cryptocurrency bitcoin. Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24. The State Department of Drug Trafficking […]
Continue Reading