One of the earliest adopters of blockchain technology — the Digital Isle of Man (Digital IOM) — is now an official member of the British Blockchain Association (BBA). The organization serves as a bridge between government regulators and the private sector, and encourages growth, innovation and support in the Isle of Man’s fintech industry. Digital […]
Overly, alt coins are back in the positive territory adding $11 billion in market cap. Supporting this is the obvious gains in IOTA and at EOS regardless of the RAM issues and the power vested on block producers. Talking of powers and it seems like hackers are becoming a threat after their audacious attack on […]
Most alt-coins under our review are slowing down but not Bitcoin Cash. Regardless of the politics, we still maintain a bullish forecast and for confirmations, Bitcoin Cash buyers must push above $850. From the News The team behind any of the top 10 crypto must be made of steel and have a really thick skin. […]
Yet another securities fraud lawsuit has been filed against Ripple in California. In the latest suit, the lead plaintiff, David Oconer, is seeking to have the XRP cryptocurrency classified as a security. The case was filed in California’s Superior Court sitting in San Mateo County and has named Ripple Labs, its chief executive officer, Brad […]
The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U.K., has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post. Of the 29 firms selected, about 40 percent of them […]
Venezuela’s minister of Habitat and Housing, Ildemaro Villarroel, recently revealed that the country’s government is planning to finance the construction of villas using its oil-backed cryptocurrency, the Petro. According to local news outlet Telesur, the villas will be financed as part of the country’s housing project “la Gran Misión Vivienda Venezuela (GMVV),” which according to […]
The U.K.’s Food Standards Agency (FSA) has recently completed a pilot in which it successfully tracked beef supplies using blockchain technology. It is believed to be the first time that the innovation underpinning Bitcoin and other cryptocurrencies has been used to guarantee compliance within the food sector. FSA Successfully Trials Meat Tracking on the Blockchain […]
Blockchain security firm CipherTrace recently reported that $731 million worth of cryptocurrencies were stolen from crypto exchanges during the first half of 2018. Last year, crypto exchanges recorded around $266 million in losses from security breaches and heists. The first half of 2018 recorded triple the amount stolen from crypto exchanges in 2017, triggering investors […]
The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.
Bitcoin retains the short-term bullish bias despite the pullback from the 11-day highs.