The Chairman of Security and Exchange Board of India(SEBI), Ajay Tyagi makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market. On Jan 23, speaking at a research conference on ‘Changing Landscape of Securities Market’ organized by the National Institute of Securities Markets, Patalganj, Tyagi said that applications of blockchain, artificial intelligence and machine learning have the potential to bring a paradigm shift in the securities markets landscape. “Blockchain could be used…
Month: January 2020
Bitcoin Cash Miner Jiang Zhuoer Answers Infrastructure Funding Questions
On Wednesday, Btc.top founder Jiang Zhuoer disclosed that five mining operations had plans to donate roughly $6 million in coinbase rewards (depending on market prices) to developers building Bitcoin Cash infrastructure. The news was met with mixed reviews as some of the specifics of the deal were scrutinized and the miner funding subject has been the topic of debate across the entire cryptosphere. On Jan. 23, Zhuoer discussed the developer fund idea in an Ask-Me-Anything (AMA) appearance on Reddit. Also Read: Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass…
Hawaiian Bill Would Let Banks Act as Crypto Custodians
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets. SB2594, introduced on Jan. 18 with bipartisan backing, would make it legal for Hawaiian banks to hold “digital securities,” “virtual currencies,” “digital consumer assets” and other “open blockchain tokens” for their customers. It would further authorize Hawaiian courts to hear digital asset claims if passed. State Senators Gil Riviere (D-23), Sharon Moriwaki (D-12), Stanley Chang (D-9), Les Ihara (D-10) and Kurt Fevella (R-19) sponsored the bill. In effect, the bill could clear the way for…
Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 Cryptocurrencies’ volatile behavior is one of the main concerns raised by researchers and it complicates the argument that Bitcoin should be classified as a traditional investment asset and that it is a reliable store of…
Chainalysis Finds Exchanges Bolstering Security While Hackers Refine Attacks
A Chainalysis report has found an increase in number of exchange hacks in 2019, though less crypto was actually stolen than in previous years. The findings In the report, Chainalysis includes only exchange attacks (excluding wallet providers, payment processors, etc.). The firm includes hacks against technical vulnerabilities, deceptive attacks, like social engineering, and attacks that they confirmed and measured in value. It also includes hacks from private sources, so long as they didn’t skew the data. Of the 11 hacks, the $105 million lifted from Coinbene was the most lucrative.…
Elon Musk is Neutral on Bitcoin, Despite Thinking It’s a “Clever” Idea
Elon Musk has long been a major figure within the technology world who has expressed mixed feeling on Bitcoin and cryptocurrencies, previously calling them “brilliant” while recently explaining that he is “neither here nor there” on BTC. The SpaceX and Tesla CEO recently spoke about Bitcoin during his appearance on an episode of the “Third Row Tesla Podcast,” in which he praised the cryptocurrency from a technological perspective, while further noting that its primary utilization still resides on the dark web. Elon Musk is “Neither Here nor There” on Bitcoin…
MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset
MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space. “CBDC should not be a direct copy of existing cryptocurrencies with exactly the same design and features but there are things we can learn from their emergence — the usefulness of programmability in money and the importance of preserving user privacy,” the MIT group wrote in a lengthy report on Jan. 22. A…
Ex-CFTC Chair Christopher Giancarlo on Why He Launched Digital Dollar Project
In this video from WEF 2020, former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, also known as “Crypto Dad,” discusses his push to digitize the U.S. dollar and the future of global currencies. “We believe that the dollar usage in the global economy is underserved by serving as a continual analog instrument in a digital world,” he said. “We’re going to think through how to create a digital dollar that serves well into this coming digital century.” Ultimately, Giancarlo feels governmental currencies will come together with corporate cryptocurrencies and,…
Tether Launches Gold-Backed Crypto, Do You Trust Them with Your Bullion?
Controversial cryptocurrency startup Tether has just announced the launch of a new crypto asset. The latest product from the company that brought the market market US Dollar Tether (USDT) is a supposedly gold-backed digital token. Tether Gold reportedly backs the tokens with physical gold stored in a Swiss vault. However, given Tether’s lack of transparency over the years, it remains to be seen if anyone will even trust the gold-backed crypto. Tether Gold Launches on Crypto Networks Tron and Ethereum According to the project’s whitepaper, each Tether Gold (XAUt) token…
Bitcoin Games Celebrates Lunar New Year 2020 With Introduction of Free Spins
FATF Holds Global Forum to Discuss Crypto Supervision The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing … read more. Monopoly Is a Tiny Darknet Market With Big Aspirations There’s a certain irony in the smallest market on the darknet being named Monopoly. With less than 150 listings, the monero-friendly Monopoly Market is anything but. What this tiny darknet…