Day: March 25, 2020

Major South Korean Crypto Exchanges Help Police In Child Porn Investigation

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Four South Korean cryptocurrency exchanges reportedly are assisting local law enforcement authorities in the investigation of the so-called “nth rooms” case that has grabbed headlines nationwide. According to the report published on March 25 by Chainnews, Upbit, Bithumb, Coinone, and Korbit collaborated with the police in an attempt to reveal the identity of those involved in the child porn scandal. South Korean police had said that about 10,000 people had joined the Telegram groups through which the pornographic material was distributed. Cryptocurrency transactions involved in “nth rooms” case Although it has…

IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

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The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.   Listing several other reports and touchpoints, the IOSCO board pointed toward stablecoin structure in its March 2020 report: “Ultimately, the applicability of any IOSCO Principles or Standards to global stablecoin proposals, including those similar to the Hypothetical Case Study, will depend on their specific design and their legal and regulatory characteristics and features, which need to be determined on a case-by-case basis, taking…

An Overview of everything about ICO

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Ever since its advent, ICOs  have been popularly trending among the cryptosphere and is one of the most trending fundraising methods preferred by entrepreneurs for their startups. ICO- Initial Coin Offering, acts as a source of capital for startups, where investors are issued tokens/coins that they sell to gather funds for their business. ICOs are unregulated, hence are more quick and efficient which makes investors prefer it more, over STOs and other tokens. ICOs involve several benefits for investors. Let’s see what they are. What do you benefit from ICOs?…

Tone Vays Says Proposed Digital USD is Nothing New

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Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve.  “There is nothing technologically new here, whatsoever,” Vays said in a March 24 YouTube video, referencing the U.S. digital dollar proposal.  “The only difference is that now, it’s like a pass-through from the Fed — as if the Fed needs more responsibility,” he added.  Recent digital dollar draft from the government In a recent attempt to help the sinking economy, a…

VR World Somnium Space Sells 110 ETH of Virtual Land

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Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair.  “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium representative told Cointelegraph. “Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.” Last week, blockchain-based VR game, Somnium Space, completed the first week of its Road to Secondary Land Offering, a March 13 statement detailed.…

Just Like Bitcoin Before It, Cardano Is Banned From Wikipedia

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On March 24, Cardano (ADA) founder, Charles Hoskinson, streamed a YouTube video titled “On Wikipedia,” in which he berated Wikipedia for applying arbitrary commercial censorship against Cardano. Wikipedia’s censorship of Bitcoin may have led to Satoshi’s disappearance Censorship of cryptocurrency projects is as old as the industry itself. Back in 2010, even Satoshi Nakamoto was frustrated with Wikipedia’s editors for removing Bitcoin’s wiki entry several times.  After PayPal severed ties with WikiLeaks, one of Bitcoin’s supporters suggested that becoming the site’s new source of donations would generate enough publicity to…

Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success

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Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis. According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago: “While the beginning of March was relatively in line with the company’s expectations, over the trailing ten-day period Seller GPV [gross processing volume] has declined by approximately 25% year over year, with greater declines in recent days.” This resulted in Square revising…

Kleiman Estate Seeks Two-Week Extension Amid COVID-19 Lockdown

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In the latest disruption to the case between the self-proclaimed Satoshi Nakamoto, Craig Wright, and the estate of the late Dave Kleiman, the plaintiffs are seeking a two-week extension to discovery amid the coronavirus pandemic. In a motion filed on March 24, Dave Kleiman’s estate asserts that the COVID-19 lockdown has presented “numerous complications associated with meeting deadlines set prior to the onset of the global pandemic.” The COVID-19 pandemic makes depositions improbable With the plaintiffs’ representation currently working from home due to the law firms temporarily closing their offices,…

Bitcoin (BTC) Removed as a Payment Option on DLive, Replaced with Tron (TRX)

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In brief: Tron bought DLive in December 2019.  DLive was soon integrated into the BitTorrent ecosystem.  Bitcoin (BTC) has now been removed as a payment option on the Livestreaming platform and has been replaced by TRX, BTT and TRC-20 USDT.  Back in December 2019, the Tron Foundation acquired the popular livestreaming platform of DLive and soon integrated it into the BitTorrent ecosystem. Justin Sun further explained how the platform would enhance his vision of decentralizing the web. DLive is one of the best real-world examples of what is possible when…

Bitcoin Price Facing New ‘Death Cross’ Suggests No $10K BTC Before May

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Bitcoin (BTC) is trading at $6,670 representing a 1% gain in the last 24 hours but a gain of 14.66% off the weekly open at $5,815. Looking at performance relative to its peers, Ether (ETH) and XRP both underperformed versus Bitcoin last week against the U.S. dollar and have continued to do so.  As a result, Bitcoin dominance is up 1.5% and pushing to reclaim 68% as there has been a general flight to safety in Bitcoin, although dominance is still down some 4% for the highs of the year…