Month: May 2018

The Financial Services and Treasury Bureau (FSTB) in Hong Kong has released its 2018 Money Laundering and Terrorist Financing Risk Assessment Report. The report comes as financial crimes are on the rise, and some are questioning what the city is doing to combat this. Businesses in and around Hong Kong — particularly ones involved with cryptocurrencies — are upset because they are being denied banking services on a large scale, primarily due to the banks fears of money laundering risks.  According Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Ripple’s global enterprise blockchain network has added its latest member in BankDhofar, an Oman-based financial institution. In an announcement on Tuesday, Muscat-based BankDhofar confirmed its move to join RippleNet, an enterprise blockchain that sees over 100 financial institutions globally as members including banks, payment providers and financial institutions. The bank said the implementation of Ripple’s blockchain technology in payments will help save its customers ‘both time Read more …

Ethereum founder Vitalik Buterin said yesterday that ethereum’s in-house scaling solution, sharding, is moving closer to completion. Tweeting that “sharding is coming,” Buterin shared a new code repository that documents a partial proof-of-concept for what is called the “fork choice rule,” the code for how ethereum shards interact with the main blockchain. As detailed by CoinDesk, the sharding approach aims to split ethereum into several concurrent networks, allowing the network as a whole to scale more efficiently. This would help ease the Read more …

Regulation United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov  SEC Commissioner Expects ICOs Have Legitimate Future In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs Read more …

Since bottoming in the mid $300s, ETH-USD has managed to almost double in price over the course of a month. The support at the bottom came from the top of the previous reaccumulation trading range shown below: Figure 1: ETHUSD, 12-Hour Candles, Previous Trading Range Whether this is nothing more than a brief respite in an overall downward trending market remains to be seen. There are several very bullish factors to consider:Figure 2: ETHUSD, Daily Candles, Macro Support We managed Read more …

A crypto-related decree in Belarus will be updated to require certain crypto exchanges to provide customer data to authorities, local news outlet Forklog reports today, May 1. Belarus’ Decree on the Development of Digital Economy is being revised to include a requirement for crypto exchanges based in the country’s High-Tech Park (HTP) to provide identifying data on their customers. According to sources at RIA Novosti, cited by Forklog, in order to open a crypto exchange in the HTP,  a company Read more …

Cryptocurrency and blockchain technology continue to disrupt the global marketplace; organizations that leverage these innovative technologies can expect to see an increase in regulatory intervention in 2018. As a result of the proliferation of blockchains and cryptocurrencies, the market is witnessing a fight for talent to fill leadership roles involved with driving adoption of, and compliance with, emerging relevant legislation. Several factors need to be considered by businesses and governments when fighting this latest battle in the war for talent, Read more …

Ethereum has found itself under the regulator spotlight with a report suggesting that authorities are looking at whether it and other cryptocurrencies should be regulated as securities. Will Ether Be Regulated the Same As Stocks? In a report from the Wall Street Journal, people familiar with the matter have said that the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are attempting to determine whether the same rules designed for stocks should be applied to Read more …

Ethereum has found itself under the regulator spotlight with a report suggesting that authorities are looking at whether it and other cryptocurrencies should be regulated as securities. Will Ether Be Regulated the Same As Stocks? In a report from the Wall Street Journal, people familiar with the matter have said that the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are attempting to determine whether the same rules designed for stocks should be applied to Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. US federal securities and commodities regulators are quietly examining whether ethereum (ETH), the world’s second-largest cryptocurrency, should be classified as a security. According to the Wall Street Journal, regulators at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are investigating whether many popular cryptocurrencies — not just initial coin offering (ICO) tokens — should be regulated as securities under federal law. A Read more …