• Regulators in the Philippines are considering new rules for cryptocurrency exchanges and initial coin offerings (ICOs).
  • According to Aquino, the move is in line with regulations passed by the U.S. SEC, and other regulators in Malaysia, Hong Kong and Thailand.
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  • Morocco’s foreign exchange authority has stated that the use of cryptocurrencies within the country can lead to penalties under existing rules.
  • The Office des Changes says that transactions made using cryptocurrencies within Morocco constitute an “infringement of the exchange regulations” that are punishable by penalties set out in current laws, a translated press release said.
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  • It’s possible bitcoin’s Lightning Network will fall short of its lofty ambition – at least, that’s what a group of researchers are arguing.
  • By proposing to push transactions off of the bitcoin blockchain, but keeping strong cryptographic guarantees intact, it’s believed by many developers to be the best way to increase the number of transactions the network can handle.
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  • Tether, the company behind a dollar-pegged cryptocurrency widely used in the market’s exchange trade, is claiming that its systems have been hacked and that $30 million worth of its tokens have been stolen.
  • In a post on the project’s website (which has since been removed), Tether blamed a “malicious action by an external attacker” for the theft of $30,950,010 USDT yesterday.
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  • The Bank of India (SBI), a -operated financial entity, announced it will explore blockchain technology as it can be applied to know-your-customer (KYC) protocols and EDCCs in a pair of beta programs scheduled to launch next month.
  • SBI is a founding member of BankChain, a FinTech alliance focused on the advancement of business logic-ready blockchain technology that encompasses 27 banks.
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  • Words that don’t appear in Satoshi’s white paper: decentralized, revolutionary, advanced, innovative, ground-breaking, state-of-the-art.
  • Words that appear in every half-baked ICO white paper: all of the foregoing.
  • Investors might be greedy but they’re not dumb, and the prospects of raising millions off the back of a Fiverr white paper seem fanciful.
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  • A group of major financial firms including JPMorgan Chase and Goldman Sachs has trialed the exchange of equity swaps over a distributed ledger (DLT) system.
  • By carrying out trades across a network where all parties use the same valuation data and share the same books, in theory, payments can be processed nearly instantaneously and disputes over transactions will be less likely.
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  • The Smart Dubai Office (SDO) has won an award for its Dubai Blockchain Strategy initiative.
  • Dubai’s Blockchain Strategy was set up to move all of the government’s transactions online using blockchain tech by the year 2020.
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  • On Tuesday it was announced that the Israeli Ministry of Finance will establish a working team on digital currencies together with the heads of the big accounting firms and relevant professional chambers.
  • As mentioned above, the current lack of official regulations on bitcoin has created a lot of trouble in Israel for both end users and businesses in the field.
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  • Developers who fork a cryptocurrency have no real monetary advantage, as they only implement a change to the protocol.
  • Saturating the market with different versions of Bitcoin is confusing to users and discredits the claim that there are a limited number of Bitcoins–since you can always fork it and double the supply.
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  • One space ripe for change is the freight and logistics industry, which commands roughly $8 trillion in annual revenues (2015), and is expected to reach a volume of over $15.5 trillion by 2023.
  • While clearly a massive and critical component of the modern world, the freight industry is still lagging years behind in terms of technological progress and operational productivity.
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  • A new European Commission report lays out some of the ways that the education sector can benefit from incorporating blockchain technology.
  • In November 2017, the Human Capital and Employment unit of the European Commission’s (EC) Joint Research Centre issued a report detailing possible blockchain use cases, which it describes as “still in their infancy,” in the education sector.
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  • Although it makes sensational headlines when platforms fall under siege of hackers, reports of individual users who find themselves the targets of malicious actors often go ignored.
  • The situation is a great case for users in the crypto-space to heed Walsh’s warning and utilize ulterior methods of two-factor authentication other than SMS.
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  • Stakeholders in the burgeoning market for initial coin offerings (ICOs) have reached consensus: the practice of presales needs to be reformed.
  • So, for example, a discounted presale would fund a product’s development phase, with an ICO closer to its market debut.
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  • The rapid expansion in Tether supply has raised concerns about whether this could be one of the reasons for the overall cryptocurrency boom.
  • Since the price of each tether is pegged to fiat (dollar or euro), the overall market capitalization reflects the underlying supply of tethers.
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  • Fallen figure Mark Karpeles wants to resurrect Mt Gox, which collapsed in 2014 with the loss of 850,000 bitcoins.
  • Karpeles may or may not be in line for a bumper payday, but whatever the outcome of the Mt Gox bankruptcy case, the Frenchman’s name will cause creditors to shudder forevermore.
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  • Australian-based solar startup Power Ledger, among others, is to receive AU$8.25 million in funding from the Australian government for a cutting edge project using the blockchain.
  • The project is testing the blockchain to determine how cities can use the technology and data analytics to integrate distributed energy and water systems.
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  • The Japanese Financial Services Agency has recently published a document clarifying its financial administrative policies, including its policy on cryptocurrencies and initial coin offerings (ICOs).
  • Citing that cryptocurrencies utilize blockchain technology “which was not seen before,” the agency stated that to protect users, daily business management and system management are required.
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  • The government’s most detailed crypto guidance to date – an analysis by the SEC of whether tokens offered by “The DAO” comprised securities – is encouraging, at least insofar as it appears to acknowledge that utility tokens may qualify as something other than securities.
  • The SEC is about to determine– after looking at DAO token holders’ limited control over project dynamics – that such tokens were securities because value derived so substantially from people other than token holders.
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  • LedgerX just initiated its first long-term bitcoin futures option.
  • Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today’s price.
  • The trade option was listed by LedgerX late Friday night, and to Chou’s surprise, two institutional investors agreed to the terms of the deal just one day later.
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