Recently, the news of a South Korea cryptocurrency trading ban, which was ultimately refuted by the country’s government and the Blue House, the executive office of President Moon Jae-in, caused markets to rapidly decline. Cryptocurrency investors and enthusiasts were outraged to discover that government officials within the Financial Supervisory Commission (FSC) initiated insider trading, by … [Read more…]
South Korea’s government is reportedly hitting the country’s digital currency exchanges with tax demands in a bid to control the market. According to the Yonhap News Agency, South Korean cryptocurrency exchanges will be required to pay 22 percent of corporate and 2.2 percent of local income taxes if they had an annual income of over … [Read more…]
Blockchain startup OriginTrail has reached the hard cap of its token sale, raising a total of US$22.5 million for its supply chains blockchain protocol. OriginTrail is developing a blockchain protocol for data exchange between organizations along the supply chain. The technology promises to increase trust and efficiencies, and bring transparency to supply chains. “We are … [Read more…]
Cryptocurrency Dash has announced three new business partnerships with GoCoin, Strike Social and Piiko to enable Dash holders to pay for good and services at additional partnering companies. Dash has also unveiled a new US$300,000 initiative with the Arizona State University to accelerate research, development and education in the blockchain field. The integration of Dash … [Read more…]
There have been quite a few proposals to raise Bitcoin’s block size limit by way of a hard fork over the past three years, but none of them were able to gain consensus among the nodes on the network. The key selling point of such an increase to the block size limit has always been … [Read more…]
Canadian startup ZED Network is looking to launch a new blockchain-powered global payments platform that promises to enable faster and cheaper remittances services. The platform-as-a-service (PaaS) offering will be built on the Stellar distributed network with connectivity to bitcoin and ether as methods of payment. It intends to provide money transfer operators with an integrated … [Read more…]
On January 18th the chairman of South Korea’s Fair Trade Commission Kim Sang-jo stated during a radio show that shutting down cryptocurrency exchanges is not realistic. During the interview, chairman Kim went as far as to say that banning cryptocurrency trading is “not realistic at all,” and warned the government about the immense economic impact such … [Read more…]
According to a study led by Cornell professor Emin Gun Sirer, Cornell research professor Robbert van Renesse, and LinkedIn researcher Adem Efe Gencer, Ethereum’s nodes are better distributed than bitcoin, and thus the network is more decentralized than bitcoin. The paper entitled “Decentralization in Bitcoin and Ethereum” analyzed nodes in the bitcoin and Ethereum networks … [Read more…]
Blockchain startup Codex has unveiled its provenance-based protocol that aims to tap into the US$2 trillion arts and collectibles (A&C) asset class. The company is building the Codex Protocol Title Registry, a decentralized title registry for the A&C market comprised of Codex Titles. A Codex Title will include records of the ownership and transmission history … [Read more…]
Singapore-based venture investment platform Hatcher+ has announced that shares in its individual portfolio companies will be listed on Funderbeam’s blockchain-based startup marketplace, providing investors with a secondary market on which they can buy and sell shares to interested buyers. A spokesperson for the company told CoinJournal that the new listings will go live in the … [Read more…]