Month: March 2018

News This week local Japanese news outlets report that the exchange Coincheck, who suffered from a $530Mn USD loss of the cryptocurrency NEM, is facing a class action lawsuit. Reports detail that 132 Coincheck customers have banded together asking for a refund of 228 million yen ($2Mn). Also read: Digital Currency Group Welcomes Bitcoin-Friendly Bank to the ‘DCG Family’ Coincheck Faces Another Class Action Lawsuit 132 investors have filed a lawsuit against Coincheck with the Tokyo District Court Read more …

Banks have emerged as institutions that are ‘too big to fail’. The 2008 banking crisis taught us the lesson that many governments will bail out banks using public money to avoid unrest on the streets, as well as in their economy. However, we have to seriously ask if the financial crisis ever went away. The Gross Non-Performing Assets (NPAs) of Indian banks now comprise 22.39 percent of their total lending and has risen to INR 350.98 bln. While in China, Read more …

Hard forks in the crypto sphere are now commonplace, Bitcoin had countless blockchain splits over the past year. Just last month Litecoin forked amid a lot of controversy, much of which came from the founder of the original. Forks tend to draw in those looking for a quick buck on the price jump or some free coins from the airdrop that usually occurs after the split. The latest hark fork generating a buzz is the anonymous cryptocurrency Monero. Monero’s XMR Read more …

Two major banks say they have successful sent securities worth €25 million ($30 million) over a blockchain-powered platform. In an announcement today, Credit Suisse said it completed the live securities lending transaction with Dutch bank ING, adopting a collateral-lending blockchain application co-developed by a financial resource management firm HQLAX and enterprise blockchain consortium R3. Credit Suisse said the application, built on R3’s Corda distributed ledger platform, enables the two banking groups to swap legal ownership of Dutch and German government Read more …

Regulation Saint Petersburg City Court has struck down a ban on 40 bitcoin related websites offering information about cryptocurrencies and exchange services in Russia. The ban was imposed by a district court in May last year, following a request from the Prosecutor’s Office. It prohibited the “spreading of information” about bitcoin, as well as buying and selling cryptos. Also read: Russian Authorities Criticized over Proposed Crypto Regulation Site Owners Win Important Battle In what seems to be Read more …

Biotron.io has announced the launch of its public Initial Token Event (ITE) which will take place from the 20th of March 2018 (15:00 UTC) until the 29th of March 2018 (15:00 UTC) in order to fund Biotron.io. The distribution of the tokens will commence on the 2nd of April. Biotron.io is a user permissioned and revenue sharing personal data warehouse. User data is collected and saved in a form of high-level analyses, which are then available for purchase by interested Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Many credit card companies offer the moon to consumers such as free gifts or reward spending programs, but those perks seemed to be missing in the world of Cryptocurrency, that is, until now. ValueCash is Read more …

3. P2P, Blockchain, cryptocurrencies, Machine Learning, Big Data and smart contracts are used in crypto banking. P2P. Participants are private users, not banking institutions. The crypto bank links a borrower that meets the correct credentials to a lender. P2P takes away many of the bureaucratic processes that centralized banks need to go through when approving a loan. Blockchain. All transactions are recorded on the Blockchain. It is a transparent, immutable ledger that will provide data for users and well as Read more …

Russia is reportedly hoping to pass long-discussed new cryptocurrency legislation by this summer. Published today, a report from Russia’s Parliament Newspaper, the official publication of the state’s legislative body, says that the schedule for a date of July 1 has been ordered by Russia’s president Vladimir Putin. Currently, two draft laws on cryptocurrencies have been proposed from the Ministry of Finance and the Central Bank of Russia, the report indicates. While the majority of the two drafts have reached a consensus regarding Read more …

A lot of things may happen in the Bitcoin world very soon. The controversial scaling solution known as SegWit is finally improving its market position. While this feature has been available for over a year, it is only now starting to make an impact. An Increase in SegWit Adoption Ever since SegWit was released on the Bitcoin network, there has been very little interest in it. More specifically, its usage has remained below or around 10% for several months. Things Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Japanese financial services giant SBI Group has delayed the launch of its cryptocurrency exchange after determining it had to further strengthen security measures. In an announcement this week, the SBI group confirmed the postponement of the launch of its cryptocurrency exchange, SBI Virtual Currencies, Japan’s first bank-owned cryptocurrency exchange. As reported by CCN in October 2016, SBI became the first banking group to announce the launch of Read more …