South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency – the Korean won – on its platform. Korbit stated in an announcement that its virtual account service will be terminated this month in order to introduce accounts attached to users' identities, as recently ordered by local regulators in...
Cryptocurrency mining malware embedded in websites is increasingly becoming a problem for smartphones, but the Opera web browser is trying to remove the threat for its users. Opera, which already introduced cryptocurrency miner protection in its desktop-based versions, is now putting the same feature into its smartphone browsers, the...
The International Monetary Fund (IMF), an organization that aims to foster global monetary cooperation and financial stability, has called for global coordination on cryptocurrencies, warning of the risks of surging cryptocurrency prices. According to a Bloomberg report, IMF spokesman Gerry Rice said late last week there is a need for...
Andhra Pradesh, an Indian state known for its efforts in exploring blockchain applications, is furthering that goal with a new agreement with a local fund firm. According to a Tweet by the state’s government, Andhra Pradesh has signed a Memorandum of Understanding with Covalent Fund, to start a blockchain...
Hyperledger, the open-source business blockchain consortium,  just got a little more open. Founded in 2015 to help businesses more easily spin up enterprise blockchain solutions, the consortium approved a measure last week to create what it's calling Hyperledger Labs. As an effort to bring early-stage startups together with companies...
Paul Brody is a principal and global innovation leader for blockchain technology at EY. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still cannot: exchange one item of value, a...
Sarah H. Brennan, a corporate and securities attorney, leads the blockchain technology, cryptocurrency and digital assets practice team at Lippes Mathias Wexler Friedman LLP. In June 2015, in a race to be a first mover in the space, the New York Department of Financial Services (DFS) enacted the BitLicense...
Frances Coppola spent many years working in banks and IT, and now writes and speaks about finance, banking and economics. Bitcoin has proven incapable of accommodating growing demand without deviating considerably from Satoshi Nakamoto's original vision of a "peer-to-peer electronic cash system." It was intended to provide a fast, secure and inexpensive means...
While many see the Lightning Network as the main hope for bitcoin's scaling issues, it's unclear whether many developers are actually working to make that a reality. According to Lightning Labs CEO Elizabeth Stark, there may be as few as 10 total full-time developers focused on implementations of the...
Venezuela's government is pushing back against what it calls "false information" in connection with a purported white paper tied to its planned oil-backed cryptocurrency. While the South American nation did not confirm exactly what this false information constitutes, the superintendent of Venezuelan Cryptoassets and Related Activities – recently created...