FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations

As the G20 works to create a set of “unified regulations” in regards to cryptocurrencies, the government of South Korea — the third largest cryptocurrency market in the world — reportedly plans on playing ball with whichever policies the international forum of governments and central bank governors put into place. ‘We Will Step up Efforts to Improve Things’ According to China Money Network, local media has also reported that Korean regulators have agreed to apply the Financial

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Watchout! Satori Botnet Targets Exposed Ethereum Miners

Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide.  Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit. This specific port has often been a way in which miners can remotely control their mining equipment,

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Coinbase Aims to Obtain Banking Licenses

Coinbase, the largest U.S. Bitcoin exchange, has initiated exploratory conversations with financial regulators regarding banking licenses. Coinbase and Ivy Koin Meet with U.S. Regulators About Banking Licenses Coinbase is now intent on learning how to obtain banking licenses. The Wall Street Journal reports that, according to undisclosed sources, the exchange held conversations with officials from the U.S Office of the Controller of the Currency in early 2018. According to the report: Coinbase Inc. and another cryptocurrency

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People’s Bank of China: ‘Government Must Have Monopoly on Currency Issuance’

A seasoned counselor at the People’s Bank of China (PBoC) maintains that the control for currency issuance should remain within the government. The senior official also said that blockchain technology must remain astray from finance. His statements come despite the country’s intentions to create a state-owned cryptocurrency. Decentralization is Bad Spoken like a flat-out banker, Sheng Songcheng, a senior counselor to PBoC with more than two decades of experience, said that blockchain-based technology needs to

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Nocoiner Financial Advisers Are Failing Their Clients

With institutional investment being something of a major theme in the blockchain space these days, financial advisors better start studying up on cryptocurrencies and their underlying technology – and fast – lest they risk losing their clients.  ‘It’s Really Here to Stay’ JP Morgan chairman Jamie Dimon once called Bitcoin a “fraud,” and Vanguard CEO Tim Buckley once told CNBC, “You will never see a fund from Vanguard on bitcoin.” Their loss. Despite a slew of negativity

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Kepler Pre-Sale Just Around the Corner as Market Stabilizes

After receiving even more excellent ratings from leading blockchain experts over the past few days, Kepler’s long-awaited pre-sale is now just around the corner.  Life-Changing Inventions The second phase of the pre-ICO is set to start on May 22, will last for two weeks, and will have 5,000,000 tokens available for sale. Each token will be valued at $1.25 and can be bought using Bitcoin and Ethereum. There is also set to be a stunning

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Experts Speculate How Facebook Is Exploring Blockchain

In the wake of Cambridge Analytica improperly acquiring the data of up to 87 million Facebook users, the social media giant is exploring how blockchain could decentralize its network to protect user data or even possibly create a cryptocurrency. A new report published today has experts speculating about what Facebook is developing. ‘Counter-Trends’ CEO Mark Zuckerberg confirmed in his New Year post that Facebook was exploring “counter-trends” to centralized networks, including encryption and cryptocurrency. In

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Bitcoin Legitimized in EU Following New KYC Regulations

Bitcoin is set to find new legitimacy in the European Union as member states agreed to force cryptocurrency exchanges within its jurisdiction to collect identification data on their users in an effort to prevent money laundering.  Legitimizing Bitcoin and Cryptocurrency in the EU Both cryptocurrency exchanges and online wallets operating in the European Union’s jurisdiction are now required to carry out the exact same know-your-customer (KYC) checks as traditional banks. The regulatory move comes as the

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Ledger Partners with Nomura and Global Advisors to ‘Pave the Way for Secure and Compliant Institutional Investment’

Helping institutional investors enter the cryptocurrency space has been the overriding theme of this year’s Consensus conference in New York City — and one such notable announcement is the partnership between Nomura, Ledger, and Global Advisors, who plan on building a secure digital asset custody solution.  Welcome, Institutions In an effort to provide infrastructure and an operational framework to the overarching investment management industry, Nomura, Ledger, and Global Advisors are partnering to create Komainu — a

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