Bitfinex Solution Fraught With Issues
August 18th 2016
Bitfinex Solution Fraught With Issues
In light of the recent hacking incident that resulted in the theft of approximately $70 million, Bitfinex chose to reduce customer deposits by 36% to equally distribute the losses. This solution raises substantial concerns.
Blockchain apps transform p2p payments
August 11th 2016
Blockchain Apps Will Transform P2P Payments
Venmo and other web-based social-finance apps are growing in popularity, but they generally have substantial limitations because of the internet's functionality. Blockchain technology removes these limitations, and will be at the forefront of transforming the way in which value is transferred between individuals throughout the world.
Regulatory discrimination against miners has been shortsighted.
August 3rd 2016
Regulatory Discrimination Against Miners Is Shortsighted
Iowa’s approach to creating an environment for attracting high density load companies to the state stands in stark contrast with Washington’s decision to raise electricity rates for them. Regulators should be mindful of balancing their short-term financial goals with the need to attract and maintain innovative businesses.
EU virtual currency anti laundering 1024x512
July 26th 2016
European Union to Add Virtual Currency to Strict Anti-Money Laundering Directive
The AML Proposal, which would add virtual currency exchanges and custodial wallet providers to the existing AML framework, to “ensure increased transparency of financial transactions and of corporate entities,” requires exchanges and wallet providers to collect and monitor personal customer information as well as report suspicious transactions.
ethereum hard fork litigation
July 20th 2016
Litigation Resulting from Ethereum Hard Fork Unlikely
Today the Ethereum community reached a consensus and implemented a successful “hard fork” of the Ethereum blockchain, which provides for the return of funds that were previously lost as a result of the exploitation of the DAO. There will unlikely be any legal consequences resulting from the implementation of this hard fork.
bipartisan bill virtual currency
July 19th 2016
House Introduces Bipartisan Bill to Foster Virtual Currency & Blockchain Development
A bipartisan virtual currency resolution, House Resolution 835 (H.R. 835), was introduced by Rep. Adam Kinzinger and co-sponsored by Rep. Tony Cardenas on July 14, 2016. It represents one of the first federal legislative attempts in the U.S. to regulate this area of newly developing technology.

Subscribe to our Newsletter

* indicates required
Email Address *
First Name
Last Name
News Categories of Interest