Enterprise Ethereum Alliance Launches Initiative to Increase Understanding of Tokenization & Blockchain

Enterprise Ethereum Alliance Launches Initiative to Increase Understanding of Tokenization & Blockchain

Yesterday, April 17, the Enterprise Ethereum Alliance (EEA) announced a new initiative called the Token Taxonomy Initiative aimed at clearly defining a token in easy to understand language. By clearly defining a token and making the definition accessible to people across a variety of industries the hope is that more people can better understand how tokens and blockchain can air their business. The press release states: “The purpose of this initiative is to clearly define…

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The Domino Effect of Mass Delisting Bitcoin SV by the Cryptocurrency Industry

The Domino Effect of Mass Delisting Bitcoin SV by the Cryptocurrency Industry

The US-based cryptocurrency exchange Kraken has announced that it will be delisting Bitcoin SV (BSV). Kraken launched a poll on Twitter in which over 70% of the participants backed the sentiment that BSV should be removed. Here are the poll results: This move makes Kraken the latest addition to the increasingly growing list of exchanges that are turning against Bitcoin SV. On April 15, 2019, Blockchain.com announced they would be removing support, stating: “After careful…

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Featured: The Legal Minefield of Stablecoins

Featured: The Legal Minefield of Stablecoins

Stablecoins are a relatively new form of cryptocurrency and are often regarded as a solution to the instability of other cryptocurrencies such as Bitcoin. Stablecoins such as Tether, TrueUSD, Basis, and Saga are backed by fiat currency like the dollar, euro, and others. Stabelcoins have their critics, but they were essentially born to solve some of the problems faced by cryptocurrencies – stability and usability are the major issues that stablecoins attempt to solve. Even…

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French Finance Minister Recommends EU Adopt France’s Model of Crypto Regulation

French Finance Minister Recommends EU Adopt France’s Model of Crypto Regulation

On Monday, April 15, French Minister Bruno Le Maire said that France will push for the European Union to regulate cryptocurrencies in line with the regulatory framework on crypto recently brought in, in France. The regulations, which were brought in last week, allow cryptocurrency organizations to run their own operations and have official recognition by the French government but also allow the profit from digital assets to be taxed. On Monday, France’s Financial Markets Authority…

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The U.S. Department of Energy Collaborates with Blockchain Firm to Secure the Electric Grid

The U.S. Department of Energy Collaborates with Blockchain Firm to Secure the Electric Grid

The U.S. Department of Energy’s (DOE) National Energy Laboratory (NETL) has announced Phase II of its project to safeguard the electric grid from cyber attacks. The project is blockchain-based with $1 million in research funding and is being conducted in collaboration with a Colorado-based company called Taekion. The press release states: “Through this $1 million research effort, Taekion is exploring how blockchain technology can be used in a similar fashion to secure a power plant,…

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Top Oracle Executive: Half or More of Businesses to Implement Blockchain in a Few Years

Top Oracle Executive: Half or More of Businesses to Implement Blockchain in a Few Years

Frank Xiong, vice president of blockchain product development at Oracle believes that “between 50% and 60% of companies will use blockchain in the next few years.” Mr Xiong made this statement at the Forbes CIO Summit in Half Moon Bay, California on Monday this week. This is a huge prediction for blockchain, but is it true? Blockchain is hugely popular at the moment. In the last few years, there has been a spike in start-up…

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Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

In February 2019, JPMorgan Chase became the first US bank to roll out a bank-backed cryptocurrency with the aim of transforming business payments. JPMorgan has a bizarre and confusing relationship with cryptocurrency. After learning that they have launched their own crypto coin (JPM Coin), you could assume that they are enthusiasts of cryptocurrency; however, that hasn’t always been the case. In 2015, JPMorgan CEO Jamie Dimon responded to a question about the potential for a…

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Venture Capitalist Tim Draper to Argentinian President: Make Bitcoin Legal Tender and Go 5G

Venture Capitalist Tim Draper to Argentinian President: Make Bitcoin Legal Tender and Go 5G

On March 20th, the venture capitalist, Bitcoin enthusiast, and entrepreneur Tim Draper met with Mauricio Marci, the Argentinian President to discuss ways to improve the country’s economy. Draper advised the President to transform the country to attract entrepreneurs because otherwise, the economic situation will result in brain drain. Brain drain is when highly skilled or qualified people emigrate from a country due to bleak economic prospects or other factors. Argentina experienced a growth of 2.9…

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Singapore-Based Crypto Exchange DragonEx has been Hacked; “All Platform Services Will be Closed”

Singapore-Based Crypto Exchange DragonEx has been Hacked; “All Platform Services Will be Closed”

DragonEx, the Singapore-based cryptocurrency exchange has been hacked according to a statement by the company on its official Telegram channel. The statement reads: “On March 24th, DragonEx has encountered attacks from hackers, our users’ crypto assets and Platform crypto assets were transferred and stolen. Part of the assets were retrieved back, and we will do our best to retrieve back the rest of the stolen assets. Several Judicial administrations were informed about this cyber crime…

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Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

We are now a decade on from the creation of Bitcoin and much has changed in the world of crypto. Since Bitcoin’s creation, new cryptocurrencies have been popping up all the time, claiming to offer something new that other cryptocurrencies can’t offer. As of mid-August 2018, there were 1,600 cryptocurrencies available over the internet and the number continues to grow. Crypto innovation is booming. With this surge of crypto innovation, digital assets have been pushed…

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