January, 2018

  • 21 January

    Contortions for Compliance: Life Under New York's BitLicense


    Sarah H. Brennan, a corporate and securities attorney, leads the blockchain technology, cryptocurrency and digital assets practice team at Lippes Mathias Wexler Friedman LLP. In June 2015, in a race to be a first mover in the space, the New York Department of Financial Services (DFS) enacted the BitLicense regulatory ...

  • 21 January

    Public Blockchain's Lure Will Become Irresistible for Enterprises in 2018


    Paul Brody is a principal and global innovation leader for blockchain technology at EY. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still cannot: exchange one item of value, a ...

  • 20 January

    Lightning Network May Not Solve Bitcoin's Scaling 'Trilemma'


    Frances Coppola spent many years working in banks and IT, and now writes and speaks about finance, banking and economics. Bitcoin has proven incapable of accommodating growing demand without deviating considerably from Satoshi Nakamoto’s original vision of a “peer-to-peer electronic cash system.” It was intended to provide a fast, secure and inexpensive means ...

  • 20 January

    Battle-Testing Lightning: 26 Schools Start Contest to Secure Bitcoin’s Layer 2


    While many see the Lightning Network as the main hope for bitcoin’s scaling issues, it’s unclear whether many developers are actually working to make that a reality. According to Lightning Labs CEO Elizabeth Stark, there may be as few as 10 total full-time developers focused on implementations of the technology, ...

  • 19 January

    Venezuela Blasts 'False' White Paper for Oil-Backed Cryptocurrency


    Venezuela’s government is pushing back against what it calls “false information” in connection with a purported white paper tied to its planned oil-backed cryptocurrency. While the South American nation did not confirm exactly what this false information constitutes, the superintendent of Venezuelan Cryptoassets and Related Activities – recently created to ...

  • 19 January

    Report: India's Government Sends Tax Notices to Cryptocurrency Traders


    India’s government has reportedly sent tax notices to cryptocurrency traders and investors following a nationwide survey. According to Reuters, a survey found that Indian citizens conducted more than $3.5 billion worth of trades and other transactions across a 17-month period. The government also collected data from nine exchanges within the ...

  • 19 January

    Bulgaria Joins 'International Operation' Against OneCoin


    The Bulgarian Special Prosecutor’s Office is involved in a wide-ranging, international investigation into companies and persons behind the digital currency investment scheme OneCoin, which has been widely accused of constituting a pyramid scheme. In a Jan. 19 statement, the office said that it was collaborating with officials in Germany as well ...

  • 19 January

    OKCoin Eyes Cryptocurrency Exchange Launch in South Korea


    Cryptocurrency exchange OKCoin is reportedly moving to launch in South Korea – possibly as soon as next month. According to The Korea Times, the Beijing-based firm is eyeing a partnership with NHN Entertainment, a Korean developer, publisher, and distributor of mobile and PC games, for the venture. The news source suggests ...

  • 19 January

    TEPCO Invests in Blockchain Startup in Bid to Decentralize Systems


    The Tokyo Electric Power Company (TEPCO) has invested in blockchain startup Electron. The Japanese energy giant announced it had invested in the U.K. startup at the end of last year, according to a press release published on Friday. The two companies say they plan to develop uses of the tech around ...

  • 19 January

    PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders


    The Business Administration Department of the People’s Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities. The news, first reported by Securities Times, a state-owned media outlet launched by the Communism Party mouthpiece the People’s Daily, said the ...