VeChain Signs MoU for Blockchain Development with Cyprus

Singapore-based blockchain platform VeChain Foundation, U.S. blockchain startup CREAM, and the national investment partner of the Republic of Cyprus, Invest Cyprus, have signed a Memorandum of Understanding (MoU), per a press release published Oct. 26. The MoU is focused on establishing a framework in the field of blockchain technologies and related use cases. Per the MoU, the parties will work on a number of national level investment strategies, which involve blockchain-powered economies and promote blockchain technology, particularly in financial services. The agreement also aims to inform government policy making in…

Blockchain.com Partners with Ledger To Launch Hardware Wallet

Crypto wallet startup Blockchain has partnered French hardware wallet maker Ledger to develop an exclusively compatible hardware wallet to integrate with its existing online wallet. The wallet provider currently supports Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH). The custom hardware device called the “Blockchain Lockbox” will allow Luxembourg-based Blockchain’s wallet users to store crypto assets offline through integration of cryptocurrency hardware and software. The Blockchain Lockbox started taking pre-orders from October 25, with deliveries expected in start in mid-November. Hardware wallets are said to be immune to computer viruses…

Binance Introduces Blockchain-Based Donation Website at UN Conference

The Blockchain Charity Foundation (BCF), a social project of the world’s largest crypto exchange Binance, has introduced its blockchain-powered donation platform, Binance Blog revealed Friday, Oct. 26. The donation project was announced Wednesday, Oct. 24, during the World Investment Forum organized by the U.N. Conference on Trade and Development (UNCTAD) in Geneva, Switzerland. At the forum, Binance CEO Changpeng Zhao — also known as CZ —  took part in the Blockchains for Sustainable Development session. He said that Binance will cover all operational fees on the new BCF blockchain charity…

New Ethereum-Based Token to Be Backed by Bitcoin

U.S. crypto wallet and blockchain security firm BitGo has announced the development of an Ethereum (ETH)-based coin backed 1:1 with Bitcoin (BTC), according to an official blog post Friday, Oct. 26. The announcement reads that Wrapped Bitcoin will provide users with a “wide variety of new decentralized use cases including on decentralized exchanges (DEXs), as collateral for stable coins or lending, for payments and flexible smart contracts within the Ethereum ecosystem.” Major decentralized projects like Kyber Network, Gnosis, MakerDAO, and others will power the launch of the new ERC-20 coin’s…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 26

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Regulations are a double-edged sword. If utilized correctly, they can infuse confidence among institutional investors but if implemented incorrectly, they can drive away investors. Using traditional methods to regulate a new asset class can lead to disaster. Japan’s Financial Services Agency (FSA) has shown…

IRS Advisory Committee Calls for Additional Guidelines on Crypto Taxation

An advisory committee of the U.S. Internal Revenue Service (IRS) wants the agency to provide additional guidelines for the taxation of crypto transactions, according to a 2018 general report published Oct. 24. Although in 2014 the IRS had already issued commentary specifically on digital currencies,  recommending they be treated as a property, the Information Reporting Program Advisory Committee (IRPAC) believes that crypto-specific taxation should be reviewed due to the growing public interest in cryptocurrencies. The crypto industry itself and those who work in taxes often still are uncertain when it…

Shenzhen Court Recognizes Bitcoin, Motion to Dismiss Coinbase Case Granted

In recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation. Also Read: Regulations Roundup: SEC Considers Crypto Fund Criteria, South Korea Warns Investors Shenzhen Court Purportedly Recognizes Bitcoin “Equity Transfer Agreement” Chinese media has reported that a recent decision by the Shenzhen Court of International Arbitration has ruled in favor of…

Visa CEO: Visa will facilitate payments regardless of ‘the currency behind it’

Alfred Kelly, CEO, Visa, while appearing on CNBC’s ‘Mad Money’, said that Visa will facilitate payments regardless of ‘the currency behind it.’ However, Kelly noted that, at the moment, virtual currencies do not have any negative effects to Visa “but the credit card giant is prepared to implement crypto-friendly systems” as the crypto market matures, reported CNBC. “If we actually think that crypto starts moving from being more of a commodity to actually really being a payment instrument. If it goes in that direction, we will move in that direction,”…

Net Neutrality Killer Ajit Pai Casts an Eye over Regulating Blockchain

The man who killed net neutrality in the US is racing-up with innovations like blockchain to effectively regulate them. Ajit Pai, the chairman of the US Federal Communications Commission (FCC), said that his office would be looking into the emerging technologies for their potential impact on the telecom sector. Naming artificial intelligence, machine learning, and quantum computing alongside blockchain, the 45-year old telecom regulator added that their regulatory frameworks would evolve according to the growth of the firms in these “dynamic industries.” “We don’t have jurisdiction over these firms, but…

Chinese Edition of Book ‘Mastering Bitcoin’ Appears on State TV With ‘Sanitized Title’

The notably edited title of Andreas Antonopoulos’ classic book “Mastering Bitcoin” was aired in an ad for the book on China’s state-run TV channel China Central Television (CCTV) Oct. 19. A renowned primer on the foundations of the crypto revolution, “Mastering Bitcoin” was first published in 2015, and re-released in a 2nd edition in 2017. In the Mandarin translation, the title has been altered to exclude any reference to the cryptocurrency Bitcoin (BTC), and reads approximately “Blockchain: the Road to the Digitization of Assets.” However, in a curious twist, the…