To ensure that blockchain-related projects can remain fully functional within the country, the Swiss Bankers Association (SBA) has released a new set of guidelines on September 21 that intend to bolster the availability of financial services to cryptocurrency companies.
If you remember the internet from the early part of the 21st century you’ll recognize that the balance of power has shifted greatly in the past two decades. What was once a free and open medium has become dominated by the world’s giant corporations.
Advertising is now used to feed content to users in a much more insidious fashion than ever before. Billion dollar retailers like Amazon and Wal-Mart dictate what products are popular, and which are buried in obscurity.
World’s largest cryptocurrency exchange Binance has announced that it is launching Binance Info 2.0, a dedicated new platform that aspires to be the most comprehensive and useful crypto rating database in the world.
The exchange said in a press release Sep 19, 2018, that it has already analyzed more than 1,400 coins and tokens as the project enter beta. A full-fledged launch is expected to follow in the coming months.
Ant Financial Services, Alibaba’s financial payments arm, has made public its plans to launch a blockchain-based Backend-as-a-Service (BaaS) platform. Making the announcement Jiang Guoefei, the company’s vice president, reiterated its strategy of opening its technologies for commercialization.
While the New York Attorney General’s report on cryptocurrency trading platforms certainly landed a powerful blow in favor of the regulators, the report could dial up pressure on the exchanges to move toward greater transparency and better consumer protection, the MIT Technology Review reported on September 20.
Another major security breach has rattled the Japanese cryptocurrency space. Zaif, a cryptocurrency exchange operated by the startup Tech Bureau confirmed Sep 20, 2018, that it fell victim to a cyberheist with the perpetrators getting away with no less than 6.7 billion yen (approximately $60 million).
The notion of privacy is a prevalent force within the cryptocurrency community.
Whether someone is a seasoned trader or a new holder of cryptocurrencies, the right to keep their transactions private from the view of the entire blockchain and possibly from the extensive vision of the authorities is something that most users advocate for actively.
Three of the cryptocurrency exchanges that help power CME Group Inc.’s Bitcoin futures market have raised red flags with New York state regulators, with the state’s chief legal officer accusing them of operating illegally, Bloomberg reported on September 18.
There are now several thousand blockchain projects, which is amazing when you consider that the first, Bitcoin, began less than 10 years ago. Out of those thousands, several have risen to the top and NEM, which stands for New Economy Movement, is one of those top altcoins.
U.S.-based crypto and conventional assets trading firm Robinhood entered the market with a promise to disrupt the brokerage industry by offering commission-free trading.
While the company has been moderately successful on that front so far, now it looks like a large part of that success has come at the expense of millennials, an age-group that has the highest contribution in making Robinhood immensely popular.