Japan’s Authorities to Require Crypto Exchanges to Strengthen Custody of “Cold Wallets”

Japan’s Authorities to Require Crypto Exchanges to Strengthen Custody of “Cold Wallets”

In a series of steps to ensure safety and validity of transactions being processed and money being moved by cryptocurrency exchanges, Japan’s Financial Services Agency (FSA) will require all cryptocurrency exchanges to strengthen their internal oversight over their “cold wallets,” which are used to store big chunks of their digital money. The news was reported on by Rueters in an article posted on April 16. The article claims that the move by the Japanese authorities…

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Forbes’ “Blockchain’s Billion Dollar Babies” List Indicates Mainstream Adoption

Forbes’ “Blockchain’s Billion Dollar Babies” List Indicates Mainstream Adoption

Financial news outlet Forbes released a list of “Blockchain’s Billion Dollar Babies,” companies which are working with blockchain and have a minimum revenue or valuation of $1 billion. In the article published on April 16th, the 50 companies listed are carrying out projects powered by Bitcoin, Ethereum and every other cryptocurrency’s underlying technology, blockchain. While the cryptocurrency industry as a whole is facing a brutal bear market that has been going on for over a…

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Research: Cryptocurrency Exchanges Are Infested with Special Arbitrage Bots

Research: Cryptocurrency Exchanges Are Infested with Special Arbitrage Bots

‘Flash Boys’, a 2014 book by Michael Lewis received a lot of traction for exposing the equity market for being rigged in favor of high-frequency trading firms that profited from high-speed data links to with stock exchanges. Now, a new paper by researchers from several universities makes similar claims regarding cryptocurrency exchanges. The paper alleges that all sorts of crypto firms are operating specialized ‘bots’ – intelligent pieces of code – that are profiting from…

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Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

A new research paper titled “Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia,” published by the Royal United Services Institute for Defence and Security Studies (RUSI) claims that North Korea is a big threat to the South Asian crypto sector. The North Korean state has long been accused of sponsoring and supporting attacks on the crypto sector, stealing millions of dollars and hurting the community at large. The new…

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France Passes Bill to Enable Insurance Providers to Invest in Crypto

France Passes Bill to Enable Insurance Providers to Invest in Crypto

French insurance companies can now invest in crypto and tokens as per a new law passed by the French government. The news was initially reported by the foreign exchange news agency, FXStreet. The new law put into place by the French government is being seen as a major breakthrough in realizing the potential of cryptocurrencies in the insurance industry. The bill was passed in the French parliament on April 11 with a vote count of…

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Libertarian Think Tank Publishes a Harsh Critique of the SEC’s Treatment of Crypto

Libertarian Think Tank Publishes a Harsh Critique of the SEC’s Treatment of Crypto

The United States Securities and Exchange Commission (SEC) has come under criticism for its constant efforts to control the crypto market by a Libertarian think tank called Competitive Enterprise Institute. In a report recently published by the CEI, John Berlau, a senior fellow at the think tank expressed his harsh views against the SEC on its approach to regulating cryptocurrencies. The SEC has long been contemplating whether or not cryptocurrencies fall under the securities law….

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New York Regulator Denies Bittrex Crypto Exchange’s ‘BitLicense’ Application

New York Regulator Denies Bittrex Crypto Exchange’s ‘BitLicense’ Application

The New York Department of Financial Services has rejected the Bittrex Cryptocurrency Exchange’s application for BitLicense, citing inadequate Anti Money Laundering Policies and Know Your Customer requirements. Over-regulation and control have always been the arch-enemies of the new emerging decentralized technology. Cryptocurrencies by design allow anyone to move digital assets and value to anywhere in the world without going through any of the standardized institutional processes put in place to keep track of such activity….

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Firefox Adds Option to Block Behind-the-Scenes Crypto-Mining by Malicious Websites

Firefox Adds Option to Block Behind-the-Scenes Crypto-Mining by Malicious Websites

Crypto mining is the process in which transactions of various kinds of cryptocurrencies are verified and added to that cryptocurrency’s blockchain. It is an inherently expensive job as the processor inside of your GPU or CPU has to solve complex mathematical problems as fast as possible in order to increase the revenue; which means that mining requires an investment of funds to purchase well-performing computer hardware. Unless, of course, you can steal other people’s processing…

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Analysis: Bitcoin at its Most Overbought Level Since its Last Peak in December 2017

Analysis: Bitcoin at its Most Overbought Level Since its Last Peak in December 2017

There has been an aura of hope and optimism in the crypto space over the last few weeks because of the rising prices of Bitcoin, the largest cryptocurrency out there. However, Bloomberg’s Intelligence analyst Mike McGlone revealed an interesting and gloomy statistic that has once again made the entire crypto community anxious. According to the report by McGlone, Bitcoin is at its most overbought level since back in December 2017. That was the time right…

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As Far as Innovation Goes, Bosch’s New Blockchain-Powered Fridge Is Not It

As Far as Innovation Goes, Bosch’s New Blockchain-Powered Fridge Is Not It

There have been a lot of efforts made over the last couple of years to push blockchain technology out of the cryptocurrency bubble and into the mainstream industry. These efforts have borne some fruit when it comes to adoption with some big companies like IBM, Walmart, Unilever, Samsung, HTC and Amazon jumping onto the blockchain bandwagon. However, while most of the projects inspired by the benefits of adopting blockchain technology have contributed towards the realization…

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