Investing in Initial Coin Offerings (ICOs) in Taiwan could soon be as easy as putting money in stocks. This is according to the chairman of Taiwan’s Financial Supervisory Commission (FSC), Wellington Koo, who has said that regulations for governing ICOs are currently being drafted with a view of simplifying the process for investors as well as making tokens just as …
Nasdaq Wins Patent for Newswire Service Built on a Blockchain
Nasdaq has won a patent outlining how blockchain could be used to release information as part of a wire service. The patent, released Tuesday by the U.S. Patent and Trademark Office, specifically explains how a blockchain could be used to securely release time-sensitive information when necessary. As the document explains, wire, newswire, news release or other digital distribution services currently …
Highlights of Week 42: Blockcloud, Rubiix, Coinomi
Blockcloud’s Token Sale ended on October 17th. The project raised a total number of 5029.729 ETH. Blockcloud reached its hardcap of 1M USD ahead of time. Blockcloud is a Blockchain based advanced TCP/IP architecture providing constant connectivity for dynamic network. Read more here. Rubiix Pre-Sale begins Nov 15 Rubiix is a positive-engagement ecosystem and a social community for brands and consumers. …
Payments Company Square Open-Sources Its Bitcoin Cold Storage Tool
U.S. payments processing company Square has announced that it is open-sourcing its Bitcoin (BTC) cold storage solution in an official blog post published today, Oct. 23. Cold storage refers to a method of keeping cryptocurrency holdings and users’ private keys offline in order to safeguard against theft via a remote attack. According to the post, Square’s solution, dubbed “Subzero,” uses …
Trade.io Reports $8 Million Stolen Crypto Funds from Cold Wallet at Bank
Coinzilla Banner 728×90 Crunchify.com social sharing. Get your copy here: http://crunchify.me/1VIxAsz Cryptocurrency hacks are nothing new. We’ve been witnessing events like these since 2014 when Mt. Gox, then the biggest bitcoin and digital currency exchange in the world, lost nearly half-a-million in BTC overnight. The scruples of the company’s then CEO Mark Karpeles have been called into question ever since. …
New York Gives Coinbase Green Light to Offer Regulated Crypto Custody
Coinbase has made yet another pioneering move in the regulatory morass that is cryptocurrency. The company today announced that its institutional wing, Coinbase Custody Trust Company, has received approval from New York State regulators to operate as an “independent Qualified Custodian.” A qualified custodian operates similarly to a bank, so much so that it is sometimes referred to as “custodian …
Binance is Legitimizing Crypto Market by Eliminating Money Laundering
Binance, the world’s largest crypto exchange, has voluntarily engaged in an initiative to eliminate money laundering on its platform. For years, despite the inherent lack of privacy measures on major public blockchain networks like Bitcoin and Ethereum that discourage the settlement of illicit transactions, a widely pushed narrative against crypto has been the suspected usage of digital assets by criminals. …
Russia: New Version of Crypto Bill Will Let Privately Held Firms ‘Digitize’ Shares
The long-awaited Russian draft bill on cryptocurrency and blockchain regulation will let privately held businesses and legal entities “digitize” their shares and store them via blockchain, local media outlet Vedomosti reported Oct. 21. As per the new edition of the draft bill “On Digital Financial Assets,” obtained by Vedomosti, the Russian State Duma is planning to allow owners of privately …
Report: Nearly $900 Million in Crypto Stolen Over the Last Two Years
Coinzilla Banner 728×90 Cybercrime is a problem; there’s no sugarcoating the truth, but when it comes to cryptocurrency, it appears this crime is occurring on unprecedented levels. According to a new report released by Moscow-based cybersecurity firm Group-IB, nearly $900 million has been stolen from digital currency exchanges by hackers over the last two years. In addition, investors can likely …
Bitcoin Network Congestion Reaches 95%, But Fees Hold Steady
Popular cryptocurrency analyst Willy Woo has observed what many others in the community have overlooked. While this year’s market downturn has shaved off approximately 70% of BTC’s value, the Bitcoin network is quietly gaining scale. It’s a sign of what many blockchain pioneers have been touting during the market downdraft, which is for developers to keep their heads down working …








