Month: May 2019

Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge

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Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday’s bitcoin sv (BSV) price surge. Wan posted about the fake news in a tweet on May 29. According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin creator Craig Wright having transferred 50,000 bitcoin (BTC) from the biggest bitcoin wallet in existence to cryptocurrency exchange Binance. According to the report, the transfer would be proof that Wright is Satoshi Nakamoto and…

Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance

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Russia’s largest bank, the state-owned Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on the industry, local news agency TASS reports on May 30. Sberbank vice president Andrey Shemetov has reportedly revealed the news at a recent press conference, claiming that Sberbank had been awaiting crypto legislation that would allow it to trade cryptocurrencies. However, Shemetov stressed that the local financial regulator and the central bank, the Bank of Russia, is against the adoption of the crypto space at the moment. As such, the bank…

Binance to Offer Crypto Lending and Borrowing Through Cred Partnership

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The Binance exchange is to offer cryptocurrency lending and borrowing through a new partnership with Cred. As part of the arrangement, California-based Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network, Binance Chain, and become its official lending and borrowing platform, according to an announcement Wednesday. Binance chief growth officer Ted Lin said that as Binance Chain has a “one-second block time,” it will help Cred scale its operations to more markets and users, and ensure transactions are “fast, efficient and effortless.” Cred offers two services:…

Chinese Citizen Wei Liu Also Claims US Copyright for Bitcoin White Paper

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Official United States copyright archive data shows that Wei Liu, a Chinese citizen residing in California, claimed copyright to bitcoin’s (BTC) white paper on May 24. In the filing, Liu claims to have published the bitcoin white paper on Jan. 11, 2008, under the pseudonym of Satoshi Nakamoto, with the title “Bitcoin: A Peer-to-Peer Electronic Cash System.” Earlier this month, self-proclaimed Satoshi Craig Wright also filed United States copyright registrations for the same paper and most of the original code used to build bitcoin. Cointelegraph has not been able to…

Bitcoin SV Will Cannibalize All Cryptocurrencies, Trumpets Craig Wright’s Pal

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By CCN: Leading Bitcoin SV proponent Calvin Ayre has warned that the demise of Bitcoin and other cryptocurrencies is imminent. Speaking to Bloomberg, Ayre stated that if BSV’s scaling plans materialize other cryptocurrencies including Bitcoin will be rendered irrelevant: If BSV scales, continues to follow its scaling roadmap, there’s just no need for anything else. So I think they will be absorbed into BSV … I think everything will be absorbed into BSV as the dominant chain. However, Ayre pointed out that Bitcoin could continue to exist ‘in the near…

Bitcoin SV Will Cannibalize All Cryptocurrencies, Trumpets Craig Wright’s Pal

boss

By CCN: Leading Bitcoin SV proponent Calvin Ayre has warned that the demise of Bitcoin and other cryptocurrencies is imminent. Speaking to Bloomberg, Ayre stated that if BSV’s scaling plans materialize other cryptocurrencies including Bitcoin will be rendered irrelevant: If BSV scales, continues to follow its scaling roadmap, there’s just no need for anything else. So I think they will be absorbed into BSV … I think everything will be absorbed into BSV as the dominant chain. However, Ayre pointed out that Bitcoin could continue to exist ‘in the near…

Blog: GDPR – one year on

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30 May 2019 A blog by Elizabeth Denham, Information Commissioner Last May marked a seismic shift in privacy and information rights with the implementation of the General Data Protection Regulation (GDPR) and the Data Protection Act 2018. Today, we’re publishing an update to share our reflections and learnings from the past twelve months. The change in the regulatory landscape has shown the importance of getting privacy right. People have woken up to the new rights the GDPR delivers, with increased protection for the public and increased obligations for organisations. But…

Blog: GDPR – one year on

boss

A blog by Elizabeth Denham, Information Commissioner Last May marked a seismic shift in privacy and information rights with the implementation of the General Data Protection Regulation (GDPR) and the Data Protection Act 2018. Today, we’re publishing an update to share our reflections and learnings from the past twelve months. The change in the regulatory landscape has shown the importance of getting privacy right. People have woken up to the new rights the GDPR delivers, with increased protection for the public and increased obligations for organisations. But there is much…

Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines

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The Australian Securities and Investment Commission (ASIC) published new initial coin offering (ICO) and cryptocurrency guidelines on its official website on May 30. The regulator detailed the prerequisites that a cryptocurrency business needs to follow in order to comply with both the Australian Corporations and ASIC Acts, but did not cover regulations enforced by other national institutions. Notably, the guideline specified that if a crypto asset is a financial product, then the issuer and firms dealing with it are required to hold an Australian financial services license. The report also…

Hong Kong’s Securities Regulator Calls for Crypto Regulation to Confront Fraud

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The Securities and Futures Commission (SFC) of Hong Kong has expressed concern over the lack of regulation for dealing with fraud in the crypto space, local news agency The Standard reports May 30. SFC enforcement chief Thomas Atkinson has recently pointed out problems associated with the existing regulatory uncertainty over initial coin offerings (ICOs) and cryptocurrency trading. Atkinson, who resigned from Canada’s largest securities enforcement authority, the Ontario Securities Commission (OSC), back in 2016, emphasized that the structure of certain crypto exchanges is “beyond the scope of the SFC,” the…