ICOs seeking to crowdfund their big idea have a quandary: should they register their token as a security, complete with the expense, delays, and paperwork this entails, or should they brand it a utility and hope the SEC doesn’t come after them? Last year, virtually everything was labeled a utility and SEC-compliant crowdsales were almost unheard of. But in 2018, launching a utility token in the U.S. is fraught with risks and uncertainty. To tap into the lucrative U.S. market, the regulatory route is now the only viable path to…
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Nick Szabo: 3 Things Bitcoin Needs to Improve
Bitcoin pioneer Nick Szabo said cryptocurrency should make four “most important improvements” in the coming years as Bitcoin’s fortunes reverse this month. Spotlight On Technical Robustness In several tweets April 24, the renowned cryptocurrency figure identified “more secure storage,” decentralized exchanges, second-layer technology such as the Lightning Network and privacy as top priorities for the industry. His ideas come as the consumer sphere related to cryptocurrency continues to face scrutiny of its technical robustness. Despite crypto asset trading becoming an increasingly mainstream activity, hacks or attacks on weak links in…
Read MoreBinance Coin Outperformed Everything So Far in 2018
Amid talk of Bitcoin prices rebounding, the best performing asset in the world year to date is in fact not Bitcoin… but Binance Coin (BNB). 75% Gains Since January The token of what is now the world’s biggest cryptocurrency exchange has gained almost 75% since January 1, far outpacing extant assets such as Bitcoin and Ethereum. As online commentator BambouClub noted citing the data from Blocklink.info, BNB even beat Netflix, Twitter and Amazon to deliver the best gains. Netflix has gained 57.7%, Amazon 24.4% and Twitter 24.3%, while Square posted…
Read MoreHow Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 1
The following opinion piece was written by Jonald Fyookball. The bitcoin cash (BCH) community understands key principles: Bitcoin should be a peer to peer Electronic Cash system; most users can use SPV wallets instead of running their own node; “second layer” scaling solutions are often unnecessary and problematic. While important, and it places the BCH ahead of others, education isn’t only about the scaling debate. It’s important to understand all aspects of Bitcoin. Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested Bitcoin Cash Knowledge is Power If I were to…
Read MoreThe Decentralization Revolution of String Chain: Breaking the Social Media Monopoly
Knowledge is power. – Francis Bacon Actually, knowledge is not only power but also wealth and value. It is the fuel that drives society forward. The pioneers of knowledge have always been respected and greatly rewarded since ancient times. After the Internet wave in the 21st century swept the world, it is not the privilege of elites only to create knowledge. In contemporary society, ordinary people can express their ideas and values through social networks. People edit entries on Wikipedia, answer questions on Quora, offer courses on YouTube, disseminate information…
Read MoreThe Notorious Bunny Ranch Brothel Now Accepts Bitcoin
According to the infamous licensed brothel in Nevada, the Moonlite Bunny Ranch, a sex worker named Lana West was paid for her intimate favors with a few thousand dollars in bitcoin. Since then the Bunny Ranch has announced accepting the digital currency for sexual services. Also read: Five Reasons Why Bitcoin Cash is About to Win Big The Cathouse Goes Bitcoin Lately a few escort business and sex workers have been revealing that they accept cryptocurrencies for sexual services. Now the well-known Bunny Ranch, a legal bordello owned by Dennis Hof…
Read MoreSystem Error at Korean Crypto Exchange Gave Users Free Coins
A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Internal System Error New South Korean exchange Cashierest reportedly caused a controversy on Friday when it claimed to have an internal system error which affected withdrawals,…
Read MoreJapanese Crypto Exchanges Launch Self-Regulatory Body
The 16 registered cryptocurrency exchange services in Japan have come together to form the Japan Cryptocurrency Exchange Association (JCEA). This is according to a report by Asahi Shimbun, a local news outlet in Japan. The JCEA will be responsible for the self-regulation of Japanese cryptocurrency exchange platforms. The JCEA Taizen Okuyama is the chairman of the JCEA. He is the CEO of Money Partners, a forex firm which recently entered into the cryptocurrency exchange market in Japan. Members of the JCEA include bitFlyer, BitPoint, and Xtheta. Others are Tech Buro,…
Read MoreMarkets Update: Bears Return to Crypto Markets for Some Action
On April 25 digital assets are seeing volatile price declines today across cryptocurrency markets worldwide. Over the past 24-hours, the entire cryptocurrency market capitalization has lost more than $30Bn since our last markets update. Bitcoin Core (BTC) market prices are averaging $8,920 right now after tumbling to the $8,700 territories earlier today. Bitcoin (BCH) market values have also dropped from their $1,550 high and currently hover around the $1,270 zone. Also read: ‘Coindaddy’ Another Crypto-Rapper Rhymes About Bitcoin Life Bears Claw BTC Prices Below the $9K Zone Bears have managed to…
Read MoreSmart Contracts Act Dumb as OKEx Suspends ERC-20 Token Deposits
OKEx – a popular digital asset trading platform which provides fiat-to-cryptocurrency, cryptocurrency-to-cryptocurrency, and derivatives trading services – has suspended the deposit of all ERC-20 tokens after discovering a smart contract bug. Pending deposits are reportedly safe, however. Squashing Bugs The bug in question purportedly allows attackers to more easily manipulate price on the platform. Therefore, to protect market integrity on the platform, OKEx has stopped the flow of incoming ERC-20 tokens. In an official blog post, the company announced: We are suspending the deposits of all ERC-20 tokens due to…
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