Austria has joined the list of countries planning to regulate cryptocurrencies and will use as a model existing rules for the trading of gold and derivatives. The government's central concern is curbing the use of cryptocurrencies for money laundering, Bloomberg reports. Likewise, it wishes to extend oversight measures for...
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...
President Ronald Reagan’s Former Director of the Office of Management David Stockman has told CNBC’s Futures Now in an interview that investors in the cryptocurrency market are “stupid speculators” and will suffer a “spectacular crash.”Stockman stated:"It's basically a class of really stupid speculators who have convinced themselves that...
Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19.At an event at London’s Regent's University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that...
Blockchain advisory organization AmaZix is opening up entry to its “moderation bot” to aid stamp out cryptocurrency frauds on well known messaging app Telegram. Making use of the bot, the organization has created up a blacklist of Telegram...
The Takeaway: Ethereum’s creators now acknowledge the blockchain wasn’t built to scale as a mainstream transaction platform. A planned reboot meant to address some of those issues, known as Eth 2, is at least two years away. There is...
Bitcoin wallet Xapo has allowed a journalist to visit a secret former military bunker in the Swiss Alps that the company uses to store Bitcoin for its private clients. The bunker, which was constructed in 1947, is claimed to be a secret headquarters of the Swiss army during...
Pavel Matveev is the CEO of Wirex, a bitcoin wallet and payment card provider. The following article is an exclusive contribution to CoinDesk's 2017 in Review. The new year will usher in regulatory arbitrage amongst companies that want to develop innovative solutions, as well as from states seeking to maximize...
South Korean media outlet MBC has hired a security firm to test the security setup of “five Korean Bitcoin exchanges,” including Bithumb. The company has allegedly been able to successfully hack into all five of the targeted platforms, receiving access to user data and funds.As the network reports...
2,033 ZEC. That is how substantially Zooko Wilcox, CEO of the Zcash Company, earns for every thirty day period from the $650 million zcash cryptocurrency network he served make. Worthy of $305,000, or $3.65 million each year, the details of his income, discovered by Wilcox in a presentation at...