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Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold

[ad_1] At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will rise in countries sanctioned from trade and economies suffering from failed monetary planning. Szabo also argued that the world’s central banks might turn to cryptocurrency reserves in the future in order to supplement national gold reserves. Also Read: Nonprofit Eatbch Shows How Every Little Microtransaction Helps
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Digital Reserves

[ad_1] Last night we saw a potentially groundbreaking headline… Unfortunately, this is not an official statement from the Russian Federation itself but from an economist named Vladislav Ginko, who is part of a state-run think tank. Still, the idea seems tantalizing. Following my recent discussions with Professor Ginko and other Russian Government insiders, it appears there are several possible paths for them to implement this. Obviously, given the current regulatory and infrastructure
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Fund Providers Insist There’s Enough Market Liquidity for a Bitcoin ETF

[ad_1] For years, bitcoin exchange traded funds (ETFs) have been struggling to get off the ground and receive approval from the U.S. Securities and Exchange Commission (SEC). Passive fund providers are now arguing there is sufficient market liquidity for a bitcoin ETF to be launched in 2019.  Also read: SEC Wants Second Look at Nine Bitcoin ETFs ETFs to Top $9 Trillion by 2022 ETFs are becoming a large part of the
Business

Hackers Turn Twitter of Belgian Non-Profit Into Fake Coinbase Promo Account

[ad_1] The Twitter account of a Belgian non-profit was evidently hacked and made into a fake affiliate account of United States crypto exchange Coinbase. The impersonating account posted what what appeared to be a scam giveaway promotion, allegedly celebrating Coinbase's user base growth in a tweet today, Jan. 9, that has since been deleted.Scammers had targeted the account of the Federation of Enterprises in Belgium (FEB), a non-profit organization that
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5 things to know when building on IOTA

[ad_1] Here are a few lessons learned while working on IOTA for the past 4 months. 1. Attaching addresses to Tangle A new address can be generated using getNewAddress API method. The libraries/API do not attach the address to the Tangle automatically for you. You can always successfully send IOTAs to non-attached addresses but it is recommended to attach an address before using it. You can attach it by sending a zero-value transaction.
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Bits of Gold CEO: B2B Demand Increased Despite Falling BTC Price [Interview]

[ad_1] Bitcoinist caught up with Youval Rouach, co-founder and CEO of Bitcoin of Gold, an Israeli Bitcoin cryptocurrency trading platform. Rouach explains the regulatory situation in Israel for cryptocurrencies and his company’s plans moving forward.  Bitcoinist: When did Bits of Gold launch? Why did you decide to start this business? Youval Rouach: Bits of Gold was founded by my brother Jonathan (Co-Founder and CEO of QED-it) and I at 2013, and
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Immutability Questioned After Steemit Blog Bans 9/11 Blackmailer’s Account

[ad_1] The blockchain-powered blogging platform Steemit is being accused of centralization and censorship. On Jan. 7, 2019, the hacker group The Dark Overlord had its account banned from Steemit by a developer known as ‘Jredbeard’ for violating the company’s terms of service agreement. Also Read: Developer Releases Cash-DB, a Terab Project Fork for the BCH Network Steemit Bans 9/11 Whistleblower Account On Dec. 21, 2018, a hacker group known as the
BLOCKCHAIN

Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

[ad_1] The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8.According to the announcement, the licenses were issued by the finance ministry “under the recommendation of the SEC Board.” The four companies that received a license are digital asset exchanges Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd., and Satang
BLOCKCHAIN

Crypto Exchange Gate.io Confirms 51% Attack on Ethereum Classic, Promises Refunds

[ad_1] Researchers from crypto exchange Gate.io report they have confirmed that a 51 percent attack successfully occurred on the Ethereum Classic (ETC) blockchain. The company published an analysis of their findings Jan. 8.Gate.io Research has published its analysis of ETC transactions on its platform during the alleged attack, claiming it has detected seven rollback transactions — four of which were reportedly conducted by the attacker, transferring a total of 54,200
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Banking Agency Advises European Commission to Assess Common Crypto Approach

[ad_1] The European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response to the risks regulators associate with the field such as money laundering. Also Read: FBI Agents Raid Tech Campus Over Unauthorized Crypto Trading Crypto Activity Is Outside Scope of