The Philippines Securities and Exchange Commission (SEC) is planning to release new trading rules for cryptocurrency exchanges in the coming days, according to local media. The Manila Times reports that SEC Commissioner Ephyro Luis Amatong told journalists that the rules are set to be published “by the end of next week,” though an exact date hasn’t been specified. Regulators in the country …
The bitcoin price has been bouncing around from $6,000 to over $8,000 in recent months, but that could soon change. Many investors are looking forward to the U.S. Security and Exchange Commission’s (SEC) decision later this month on whether to grant approval for a bitcoin exchange-traded fund (ETF) — something the SEC has previously rejected due to fears around bitcoin’s wild price swings and price …
Compared to ethereum, EOS seems to have scalable dapps figured out. Users of decentralized applications (dapps) on ethereum frequently chafe at the fact that any action – sending a tweet, playing a card, breeding a cat – costs money in the form of “gas” and takes time, as miners hash out the new state of the chain. At first glance, …
Walmart’s recent patent efforts have showcased how the retail giant is investigating blockchain, and a new filing points to a focus on autonomous delivery drones. The application was published on August 30, detailing a system by which “autonomous electronic devices” communicate with each other wirelessly and pass transported objects to each other after an identification process. After one drone travels to …
Cryptocurrency purists often dismiss private blockchains as overly expensive undertakings for projects that are better served with a traditional database. Yet these distributed ledger solutions keep being rolled out by enterprises in various settings – mostly still in experimental phases, but, increasingly, with real money at stake. And while they fall short of the public blockchain ideals of censorship resistance …
Tech giants Alibaba and IBM are vying for the top spot on a new list that ranks global entities by the number of blockchain-related patents filed to date, published August 31 by iPR Daily. iPR Daily — a media outlet specializing in intellectual property — says it consolidated data as of August 10 from across China, the EU, America, Japan …
A former Estonian prime minister has signed on as an advisor to a blockchain startup that wants to encourage people to exercise more. Taavi Rõivas, who ran the Estonian government as prime minister from 2014 to 2016 and currently serves as a member of the country’s parliament, has joined cryptocurrency startup Lympo as chairman of its supervisory board. Lympo aims …
A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign commerce. The document contains important …
Japan’s financial regulator, the Financial Services Agency (FSA), will fortify the process of registration screening for cryptocurrency exchanges, local media outlet The Japan Times reports September 2. The FSA has ungraded the registration process, revising the Payment Services Act — enforced since April 2017 — in order to “to see whether they [crypto exchanges] are properly conducting risk management,” sources …
Law Enforcement Confiscate BATMs in Russia Police officers have confiscated at least 22 automated teller machines selling cryptocurrency in shopping malls, stores and restaurants in nine Russian cities. All of the seized terminals are operated by Bbfpro which maintains a network of bitcoin ATMs across the vast country, RBC reported quoting lawyer Sarkis Darbinyan from the Digital Rights Center (DRC) …
