Tag: Cryptocurrency

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

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Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts. The company serves “single-asset investment products that provide exposure to” Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Ripple (XRP) and Zcash (ZEC), along with Stellar. Speaking to Fortune, managing director Michael Sonnenshein…

MIT, Stanford Researchers to Fund New ‘Globally Scalable’ Cryptocurrency, ‘Unit-e’

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A group of researchers from top United States universities have announced the launch of a “globally scalable decentralized payments network,” according to a press release published today, Jan. 17. The development of the cryptocurrency, dubbed “Unit-e,” is being funded by Distributed Technologies Research (DTR) — a non-profit organization based in Switzerland, whose official launch was also announced today in the press release. DTR includes researchers from seven major U.S. universities, including the Massachusetts Institute of Technology (MIT), Stanford University and the University of California, Berkeley, as Bloomberg reports. The organization…

The Thai Cryptocurrency Regulation Example

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Not so long ago, investors in digital currencies acted in their little corner through nebulous trading platforms with the risk of piracy or even theft. 2017 and a $ 20,000 Bitcoin course went through there and the authorities understood the need to observe the sector more closely . In Thailand, platforms must be accredited and not all of them. Thailand regulates cryptocurrencies Unlike others, the Thai government has not bowed its head in 2018 and has been very active in regulating the Cryptocurrency domain. The year had begun badly. In February, the Central Bank issued a…

OKCoin Lists Tron Cryptocurrency, Claims it’s not a Security

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OKCoin CEO Tim Byun OKCoin is adding Tron to its crypto exchange today. Not to be confused with OKEx, which is a futures platform founded by the same people, OKCoin primarily focuses on traditional swaps and allows for bank deposits. Importantly, OKCoin serves US customers while OKEx does not. Tron is Not a Security CCN spoke to Tim Byun, CEO of OKCoin, about the decision to list Tron. CCN wonders what considerations OKCoin makes when listing new tokens. First of all, Byun said, regulations are very important. OKCoin does not…

Why Facebook Should Not be Trusted With Cryptocurrency

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The race to launch the first crypto powered messenger app is heating up. Naturally the internet monopolies such as Facebook are scrambling to be first, but looking at its history it is one of the least suitable to handle decentralized currencies. New contenders are appearing on the scene with far better credentials than the world’s largest social media platform. Disruptive Technologies The Way Forward Crypto and Facebook have made it into a number of headlines over the past year. Many are clutching at digital straws in the hope that a…

Cryptocurrency exchange Gate.io sees $100,000 In Ethereum Classic returned by 51% Attacker

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Cryptocurrency exchange Gate.io, which was targeted in a recent hacking, said the ETC 51-percent attacker returned $100,000 worth of Ethereum Classic to them. The exchange said its attempt to contact the 51-percent attacker met with no response. “We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security,” Gate.io said in a statement. The exchange warned that there are further chances to launch another 51-percent attack, as…

Spanish Securities Regulator Adds 23 Forex and Cryptocurrency Exchanges to Warning List

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The Spanish National Securities Market Commission (CNMV) has added 23 unauthorized forex and cryptocurrency entities to its warning list on Jan. 14. Among the companies added to the list is Blonde Bear OÜ, also referred to as Black Parrot Ltd., which claims to be a forex and cryptocurrency exchange operator but reportedly operates in Spain without a license. The company, which operated on the trade111.com and tradex1.com domains, has also been flagged by the Polish Financial Supervision Authority for operating in Poland without the required license. Another company added to…

Coincheck gets FSA approval to run cryptocurrency exchange one year after the NEM theft

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About a year after a massive digital heist that shocked the cryptocurrency industry around the world, Japan’s financial watchdog gave Coincheck Inc. the green light Friday to officially run a virtual currency exchange. Following the Coincheck hacking case in late January that cost the Tokyo-based startup ¥58 billion worth of NEM coins, the Financial Services Agency began inspecting other exchanges, stalling the approval process for newcomers. No new operators were given the OK last year as a result. With Coincheck gaining permission, the FSA will likely proceed with the examination…

Seven Cryptocurrency Exchanges Could Receive FSA-Issued Licenses in Two Months

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According to new insight into the Japanese financial agency’s review process of companies applying for a cryptocurrency exchange license, seven applications will be either approved or rejected within two months. Cointelegraph Japan reported on this development on Jan. 12. The new information in regard to the review process offered by the Financial Services Agency (FSA) revealed that it involves a lengthy procedure that takes almost six months from the time of application — which includes the submission of answers to over 400 questions — to official decline or approval. According…

Japanese Regulators Grant Cryptocurrency Exchange License to Coincheck

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Japan’s finance regulator, the Financial Services Agency (FSA), has granted full permission for cryptocurrency exchange Coincheck to continue operating in the country. Cointelegraph Japan reported on the development on Jan. 11, quoting an official communique. Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time, now joins the slowly increasing number of officially sanctioned exchanges serving the Japanese market. The step is a milestone for the exchange and for online broker Monex Group, which bought Coincheck for a nominal $33.5 million in April. Since…