Recent Posts

Why ICOs Could Eat Delaware’s Lunch

Andrea Tinianow, Esq. is chief innovation officer at Global Kompass Strategies and was, until January, head of the Delaware Blockchain Initiative. David Adlerstein is a corporate attorney at Wachtell, Lipton, Rosen & Katz. The views expressed in this article are solely those of the authors. Over many decades, the State …

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Quebec’s Chief Scientist Denies Dismissing Crypto Concerns

Contrary to recent media reports, the Chief Scientist of Quebec has not downplayed concerns about the illicit use of cryptocurrencies, his office said. On Thursday, several media organizations publishedarticles with headlines quoting Chief Scientist Remi Quirion as saying that “bitcoin is not above the law, nor is it a magnet …

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$10K Test? Bitcoin Price Hits 4-Week High As Altcoins Shine

Bitcoin hit four-week highs in Asian hours but continues to underperform when compared to alternative cryptocurrencies (altcoins). Having scaled a long-term bearish trendline, the world’s largest cryptocurrency by market capitalization rose to $9,021 at 07:30 UTC – the highest level since March 22, according to CoinDesk’s Bitcoin Price Index (BPI). …

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Smart Contract Pioneer Nick Szabo: Don’t Ditch Decentralization

Speaking at the Synchronize 2018 conference in New York City on Thursday, Nick Szabo, a pioneering cryptographer who first developed the concept of smart contracts in 1996, urged the audience not to lose sight of blockchains’ original promise. “I just want to plug the benefits of trust minimization and decentralization,” …

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Tezos Co-Founder Sanctioned By US Financial Watchdog

The co-founder of Tezos, the cryptocurrency project that made headlines with its $232 million initial coin offering last year, has received a sanction order from a U.S. financial regulator. According to a report by Reuters, the Financial Industry Regulatory Authority (FINRA) prohibited Arthur Breitman from association with broker-dealers for two …

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AWS Is Making Hyperledger and Ethereum Easier to Use

Amazon Web Services, the e-commerce giant’s cloud computing arm, has unveiled a new service for launching out-of-the-box blockchain networks for the ethereum and Hyperledger Fabric protocols. In a blog post published on Wednesday, AWS chief evangelist Jeff Barr wrote that the newly available “templates” allow clients to “launch an ethereum …

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Ether Investment Firm Begins Trading on Stock Exchange

The stock for cryptocurrency investment firm Ether Capital has begun trading on a Canadian stock exchange. Formerly known as Ethereum Capital, the investment fund’s shares went live on the NEO Exchange in Toronto Thursday. The company plans to invest the funds it raises both into startups developing projects in the …

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Blockchain Slump? Banks May Be Fatigued But Insurers Are Pumped

Progress reports on blockchain projects in the banking and insurance sectors offered an illuminating comparison at the Blockchain Expo in London Thursday. While bankers came across as browbeaten and anxious, their cousins in insurance were anything but. Indeed, the tone for banking was set on a panel looking at the …

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Cloud Giant Xunlei Claims Blockchain Advance With ‘ThunderChain’

Xunlei, the NASDAQ-listed cloud network provider, has launched its proprietary blockchain platform, despite ongoing class actions over an alleged initial coin offering (ICO). At a press event in Beijing on Friday, the company announced its open blockchain platform dubbed “ThunderChain,” which is designed to enable developers to build decentralization applications. …

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EU Parliament Votes for Closer Regulation of Cryptocurrencies

The European Parliament has backed a move to bring closer regulation to cryptocurrencies. The parliament’s members voted by a large majority on Thursday to support a December 2017 agreement with the European Council for measures aimed, in part, to prevent the use of cryptocurrencies in money laundering and terrorism financing. …

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Taiwan Eyes November Deadline for Bitcoin AML Regulation

Taiwan aims to formally regulate bitcoin under anti-money laundering (AML) rules before the end of the year. According to the Taiwan Central News Agency, Chiu Tai-san, the country’s minister of justice, said at an anti-money laundering event on Friday that the nation aims to have the legal framework ready before …

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JPMorgan Trial Puts Debt Issuance on a Blockchain

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. As reported by Reuters, the investment bank said in a statement Friday that the trial, which took place on Wednesday, mirrored a $150 million offering …

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DOJ Charges ICO Co-Founder With Securities Fraud

The Department of Justice has unveiled fraud charges against another co-founder of cryptocurrency startup Centra, a move that comes weeks after two other founders were arrested and charged. The U.S. Attorney’s Office for the Southern District of New York said Friday that Ray Trapani has been arrested and charged in …

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Russia’s Supreme Court Orders Review of Crypto Website Ban

The Supreme Court of Russia has directed a court in the city of St. Petersburg to consider an appeal against a blocked cryptocurrency information website. According to Russian legal information site RAPSI, the Vyborgsky District Court of St. Petersburg blocked Bitcoininfo.ru in 2016, claiming that cryptocurrencies are “a means of …

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Bitcoin Resistance Rises to $8,460 After Unconvincing Breakout

Bitcoin (BTC) saw small gains last night, but the weak move did little to further the bull case. The target resistance level to beat yesterday (long-term descending trendline) was $8,285. A high volume close (as per UTC) above that mark would have signaled a long-term bullish trend reversal. The daily …

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Bitcoin Bull Trap? Not So, Says Lesser-Known Price Indicator

Is the reversal of a lesser-known bitcoin price indicator signaling a bull trap? That’s the question being asked by Twitter’s more expert crypto analysts after bitcoin’s rise to $8,500 this week, a figure that’s up more than 25 percent since its early April lows. As such, many investors and traders …

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Stellar Run: XLM, IOTA, ADA Spike in Good Week for Altcoins

Alternative cryptocurrencies shone bright this week, as the wider cryptocurrency market saw continued resurgence. The total market capitalization of all cryptocurrencies rose 25 percent week-on-week to $375 billion, according to CoinMarketCap – that’s up from below $250 billion just 10 days ago. But bitcoin, with 5.4 percent appreciation over the …

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