Day: June 19, 2019

ICO joins the UK Regulators Network

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The ICO has joined the UK Regulators Network (UKRN) as a full member. Joining the network provides the ICO with the unique opportunity to gain valuable insights into the issues facing regulators across the UK, inform policy debates and share experience. Membership will also support the ICO engaging with the main UK regulators on specific issues including cyber security. James Dipple-Johnstone, Deputy Commissioner – Operations said: “The ICO is delighted to have joined the UKRN. We look forward to working with network colleagues by sharing knowledge and best practice and…

Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor

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The head of the United Kingdom’s central bank has said Facebook’s new libra cryptocurrency could have genuine use cases if it can conform to regulatory demands, the Financial Times (FT) reported on June 18. Speaking at a conference of central bankers in Portugal, Mark Carney, governor of the Bank of England (BoE), delivered mixed reviews of libra. The in-house stablecoin for Facebook has sparked predictions of blanket bans by governments since developers unveiled it this week. “The governor said the BoE was there to guarantee financial and monetary stability and…

Legislators Endorse Virtual Asset Summit Convened in Response to Coming FATF Crypto Rules

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Global legislators have voiced their support for a forthcoming summit in Osaka, Japan, which will be devoted to virtual asset service providers’ (VASPs) response to a new set of recommendations set forward by the Financial Action Task Force (FATF). Cointelegraph Japan reported the news on June 19. According to the report, the V20 summit will take place alongside the G20 Leaders Summit in Osaka on June 28 and 29, and will convene G20 representatives, national blockchain associations, VASPs and legislators from numerous jurisdictions. Those in attendance will use the summit…

PR: Bitcoin.com Announces Mining Partnership With Bit Mining

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Bitcoin.com and Bit Mining are excited to announce a business partnership focusing on BCH and BTC mining. A New Beginning This joint endeavor is between Bitcoin.com, a company dedicated to spreading BCH and BTC adoption, and Bit Mining, a blockchain ecosystem builder with large mining farms spread across the globe. As an official Bitcoin.com partner, Bit Mining will redirect its own hashpower to Bitcoin.com’s mining pool to help spread the adoption of cyptocurrencies. “Mining,” is the task of processing huge amounts of transaction data to update and secure the public…

Block.One Pays $30M for New Blockchain-Powered Social Media Platform’s Domain Name

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Eos (EOS) developer Block.one has paid $30 million in cash to purchase a domain name for its new blockchain-based social media, called “Voice.” The development was revealed in a filing published by the United States Securities and Exchange Commission (SEC) on June 18. According to the SEC filing, submitted by enterprise analytics and mobility software provider MicroStrategy, Block.one’s domain name purchase of “voice.com” was enabled by web domain registrar GoDaddy and concluded on May 30, 2019. In an official statement, Marge Breya —  senior executive vice president and chief marketing…

Blockchain Hits Top 10 Future Skills in LinkedIn Asia Pacific Report

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Blockchain is one of the top ten most important employee skills in the Asia Pacific region, a new report from professional social network LinkedIn confirmed in June. A regular feature on the network, the 2019 APAC version of “The Future of Skills” lists blockchain among the most sought-after abilities workers will need in the coming years. Specifically, “setting up and managing a distributed and decentralised public ledger” will be a useful skill, while other areas making the top ten include compliance and artificial intelligence (AI). Both areas are closely tied…

Securitize, Local Advocacy Group Partner to Promote Digital Securities Adoption

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Securitize — a compliance platform and protocol for token issuers backed by United States crypto exchange Coinbase — is partnering with the Japan Security Token Association (JSTA) to promote the creation of a security token ecosystem in Japan. The news was reported by Cointelegraph Japan on June 19. The JSTA is an advocacy organization focused on the digital securities industry. As Cointelegraph Japan reports, the new partners intend to closely collaborate with Japanese banks as well as local and international regulators in a bid to foster further development of the…

‘Phase Zero’ of a New Ethereum Blockchain Could Go Live Next January

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The next major iteration of the ethereum blockchain – dubbed ethereum 2.0 – may see a partial launch as early as January 2020. Proposed by Ethereum Foundation researcher Justin Drake in a bi-weekly coordination call between ethereum 2.0 developers, the date suggestion was raised after affirming that a code freeze over the first iteration of ethereum 2.0, called Phase Zero, was “on track” for June 30.  “We still have quite a bit of time before the end of 2019 so I think looking at a target genesis date towards end…

Bancor Seeks to Exclude US Users From Trading Over Regulatory Uncertainty

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Decentralized exchange platform Bancor plans to restrict United States residents from trading tokens on July 8, the company confirmed in a blog post on June 18. Citing a lack of clarity from regulators, executives said they took the decision to ban all users with a U.S. IP address from exchanging cryptocurrency. “This decision has been made in light of increased regulatory uncertainty; at this time, we believe this is the most judicious decision for all the members of our ecosystem,” the blog post reads. It continues: “This will enable the…

Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase

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Bitcoin price started a downside correction below the $9,200 support against the US Dollar. The price tested the $8,950 support area and it is currently moving higher towards $9,200. There was a break above a declining channel with resistance at $9,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing positive signs and it could continue to rise if it breaks the $9,275 resistance. Bitcoin price is currently moving higher and likely completed a downside correction against the US Dollar. BTC must break…