Category: Cryptocurrency News

Belarus has officially introduced cryptocurrency accounting standards, according to a March 6 document by the Ministry of Finance, local news outlet Jourtify reported yesterday, March 25. The document lays out the information needed about tokens for accounting purposes, as well as how to categorize tokens received by organizations (excluding the National Bank, Development Bank, non-financial bank institutions, and various banking institutions) depending on their further use. Last December, Belarusian President Alexander Lukashenko signed the “Digital Economy Growth” bill, which supports Read more …

Supporting new crypto assets may be a “top priority” for Coinbase, but any such additions to its order books might not be close on the horizon. According to Coinbase general manager Dan Romero, the San Francisco-based exchange wants to add several new cryptocurrencies in line with customer feedback, but it’s treading cautiously as U.S. regulators deliberate on how they might treat certain uses of the technology. “The reality of the regulatory situation keeps us from going and doing that right Read more …

Featured Israel Securities Authority (ISA) Committee for the Examination and Regulation of Initial Coin Offerings (ICOs) issued a series of “recommendations designed to dispel uncertainty and strike a balance between technological innovation and the protection of the investors.” Included in their findings were whether cryptocurrencies such as bitcoin are considered securities – a decision carrying major implications for future regulation. Also read: Bitcoin Ransomware Attack Halts Major American City Israel’s ISA Declares Bitcoin Is Not a Security “As Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. As an emerging technology, blockchain is growing significantly in terms of awareness and public participation. Most of the involvements in the blockchain ecosystem are perceived to be motivated by curiosity and the opportunity to earn value. However, the actual reasons behind this increasing growth is practically due to increased implementation of the technology across different works of life. An industry where blockchain technology is beginning to Read more …

When cryptos are focused on platform/community development, everybody wins. It has long been said by many that the true value of any cryptocurrency should be placed more in its present and future potential function rather than temporary and relatively volatile hour-to-hour or day-to-day shifts in value. For diligent long-term investors, as well as active traders, it can be argued that the most profitable approach is to purchase new and under-valued coins in their early stages and holding for a year. Read more …

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. Last week marked the 10-year anniversary of Bear Stearns’ infamous collapse at the dawn of the global financial Read more …

In regions like the Philippines and India, remittance service providers dominate their respective finance industries due to the lack of affordable and efficient banking systems that accommodate local residents and citizens. Growing Remittance Market A study done by QZ revealed that the global remittance market is valued at $500 billion, with countries like India, China, and the Philippines accounting for the majority of the market. The remittance market has grown exponentially over the past decade due to the inability of Read more …

Bigbom is proud to announce that it has joined forces with Tomochain to form a long-term collaboration in startup acceleration. Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain. They plan to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum for backup and atomic cross-chain transfer. By integrating with the Tomochain technology, Bigbom will have a near-zero transaction fee, faster confirmation time and a much higher transaction capacity, compared Read more …

Deutsche Börse Group, the Germany-headquartered securities listing and trading exchange, is planning to develop a blockchain-based system for securities lending. According to an announcement on Monday, Deutsche Börse said it plans to develop a system that can offer more efficient securities settlement, and will use technical support from financial management firm HQLAX and blockchain startup R3’s Corda platform. The exchange explained that the move comes due to a fragmented global securities system that incurs higher operational costs, while lowering settlement fluidity. “These Read more …

After Bitmain’s announcement earlier this month of their new ASIC-powered Antminer X3 designed to mine Monero, as well as other cryptocurrencies based on the CryptoNight algorithm, the altcoin’s developers have released an update that will prevent the new device from being effective, according to Monero core developer Riccardo Spagni’s Github post from March 24. The new Monero update, called Lithium Luna, is scheduled for April and states that it “slightly changes the proof-of-work algorithm to prevent DoS attacks by ASICs.” Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Korea’s largest cryptocurrency exchange has announced the launch of the country’s first cryptocurrency index. Upbit, a relatively new Korean crypto exchange that has quickly established itself as the country’s biggest by trading volume, is launching the first domestic cryptocurrency index in a bid to help crypto investors better understand overall market trends. Dubbed the UBCI (Upbit Crypto Index), the index will be measured from four market Read more …