As cryptocurrency usage becomes more widespread both above and below the law, various authorities are increasingly required to perform seizures on funds used in criminal cases. Thanks to the various anonymity properties of digital coins, however, it’s proving difficult to track these forfeitures. This lack of transparency leaves critics...
“The issue of competitive currencies by private-sector organizations and the survival and loss of currencies due to market competition is an ideal institutional system.” – Friedrich Hayek, Nobel Prize-Winning Economist The rise of blockchain technology is making Hayek’s dream become reality. There is still much progress to make though; competitive currencies...
The cryptosphere is growing exponentially as enthusiasts across the world are hard at work on improvements and new technologies. Let’s take a look at a few of these techs, and what they could mean for the world of cryptocurrencies and blockchain in 2018. 1. Off-chain channels A concept that first saw...
Hurify Inc. founded by Ex-Intel veterans, is an Ethereum based decentralized platform that facilitates IoT Developers monetizing their IoT hardware resources and services via smart contracts. These resources include: 1) Distributed remote hardware for product development usage. 2) Skilled and highly-trained IoT engineering talent for building products and technologies. Hurify’s Background Hurify has...
Over the past year, Bitcoin’s meteoric rise has captivated the financial world, but the political world has had trouble catching on. Washington, for the most part, remains ignorant of cryptocurrencies and blockchain technology. Fortunately, that may soon change, with Brian Forde running for Congress in California. A roster of prominent crypto investors...
Speaking at a Town Hall Forum today in South Dakota, the Minneapolis Fed President had some condescension for proponents of Bitcoin. Neel Kashkari told the assembly: “If you live in any modern advanced economy I would stick with the dollar I would stick with the yen and leave bitcoin for...
Texas’ securities agency has issued another cryptocurrency related emergency cease-and-desist order, this time against DavorCoin. In the latest filing, signed late last week, the Texas State Securities Board (TSSB) alleges the company has been issuing unregistered securities with fraudulent and misleading information designed to lure and dupe investors. What happened? DavorCoin...
According to data consultant Alex de Vries and his Bitcoin Energy Consumption Index, the process of transacting with and mining the digital currency translates to huge real-world energy consumption. So much so that verifying Bitcoin transactions tops 159 individual countries in energy consumption. In total, the whole Bitcoin network spends...
Two more providers file plans with regulators to join the blockchain sector, while Harvest Portfolios gets the go-ahead to launch Canada’s first blockchain ETF. Last month, Harvest Portfolios filed with regulators to introduce an ETF that tracks blockchain technologies. Yesterday, February 1st, the firm received approval by the Ontario Securities...
Lydian becomes first ICO to accepts ByteCoin as payment method during its Public Crowdsale. Bytecoin (BCN) is the first cryptocurrency based on the CryptoNote technology, launched in July 2012, and is currently estimated to be valued at $1.2 billion on Coinmarketcap.com at the time of its release. BCN has partnered with...