Cryptocurrency may rely on blockchain technology, but it is not unassailable. With the rise of blockchain and decentralized networks, users now have the power to control their own finances, however they also may not realize that they face more personal responsibility in terms of keeping their digital assets safe.
Apple has updated its developer guidelines to ban mining cryptocurrencies. The move continues the company’s reluctance to support the cryptocurrency industry, which may take users away from Apple’s own Apple Pay payments system.
The new rules call for developers to avoid mining apps that drain batteries,
Bitmain co-CEO Jihan Wu feels the cryptocurrency industry needs to “push those heavy regulations back a bit,” a statement made during an interview with Fortune magazine.
Wu built his billion-dollar empire selling mining rigs, and has also made some strategic investments throughout the industry.
Before the implementation of the Securities Acts of 1933 and 1934, US capital markets were essentially governed by the ‘law of the jungle’ – conditions that led to the stock market crash of 1929. These laws significantly constrained the ability of non-accredited investors (those without significant income or net worth) to play an active role in the private markets,
COTI is a cryptocurrency payment network that the COTI team hopes will solve problems inherent in current networks. Current crypto-payment networks are plagued by slow transaction times, price volatility, and lack of protection for buyers and sellers.
Some networks have tried to solve these problems by implementing DAG-chain (Directed Acrylic Graph) protocols.
Institutional investor Fidelity is about to expand on its interest in the cryptocurrency market, hiring engineers to build and deploy a digital asset exchange.
The Boston headquartered firm hopes to develop “first-in-class custodian services for bitcoin and other digital currencies.” according to Business Insider.
The International Monetary Fund (IMF) has released a report on global monetary policy in the digital age with a key takeaway: cryptocurrency may one day reduce demand for central bank currency.”
The IMF report posits that cryptocurrencies could someday lower the demand for fiat currencies by creating a shift from “credit money to commodity money.” The report is a significant sign that cryptocurrencies are gradually being accepted by traditional financial institutions as more than a passing fad.
Research firm P.A.ID Strategies has released the results of its analysis into the on-boarding practices of cryptocurrency wallets and exchanges.
The research, commissioned by Mitek, a digital identity verification solutions firm, looked into whether prominent cryptocurrency exchanges and wallets across Europe and the US are using Know Your Customer (KYC) checks when on-boarding customers.
It is one of the most hyped launches yet in the blockchain and cryptocurrency industry. And for a space that largely is built on hype, that’s truly saying something.
Barring any last-minute delays, EOS is expected to release its long-awaited mainnet tomorrow. The company arrives with a $4 billion warchest thanks to a record-long initial coin offering (which excluded US and Canadian investors,
Adult entertainment has long been known as a venue for emerging technology. Now, technology company Foshan, which spearheaded projects in online dating, webcam streaming and virtual reality in the multi-billion dollar sector, has dipped into the cryptocurrency market with the cheeky WankCoin,