Business

UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up

[ad_1] A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active.On March 3, the United Kingdom Financial Conduct Authority (FCA) published a notice on its website cautioning citizens that the second-largest U.S. cryptocurrency exchange by volume, Kraken, is not authorized to operate in the U.K.The warning stated the company is “targeting people
Business

“Be Prepared to Lose All Your Money” With Bitcoin

[ad_1] Investing in cryptocurrencies will always receive some skepticism from officials who started in traditional markets. Today in London, Andrew Bailey expressed this sentiment, arguing anyone putting money into Bitcoin should be prepared to lose the shirt off their back.Bailey gave his thoughts on the cryptocurrency to members of the U.K. Parliament at a Treasury Select Committee hearing on Mar. 4. In a video available to Cointelegraph, Bailey reiterated his
EXCHANGES

HODL Waves Chart Reveals Bitcoin Holders’ Firm Grip – 42% Hasn’t Moved in 2 Years

[ad_1] According to a report written by Coin Metrics analyst Jacob Franek, as of March 1, 2020, roughly 42% of all BTC has not moved onchain in more than two years. The metric is the largest number since June 2017 and the study notes that “HODL waves” have grown larger. Also Read: Get Ready for the Bitcoin Halving – Here Are 9 Countdown Clocks You Can Monitor 42% of All
Business

HTC Unveils Privacy Focused 5G Router than Can Run a Bitcoin Node

[ad_1] Electronics giant HTC has announced a new privacy-focused portable 5G blockchain router that enables users to run a full Bitcoin node.Due to arrive by mid-year, the Exodus 5G Hub follows on from the success of the Tawainese manufacturer's Exodus 1 phones, which also have the ability to run nodes.The Hub provides 5G connectivity to all internet enabled devices and uses Zion Vault software to enable users to store Bitcoin,
BLOCKCHAIN

Estonia Grants License to Chilean Crypto Exchange

[ad_1] Chile’s crypto trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU), allowing it to provide services for the purchase and sale of crypto assets.Founded in 2016, CryptoMarket joins a select group of Latin American crypto companies operating in the region, with Bitso (Mexico) and Mercury Cash (Venezuela) obtaining licenses from Gibraltar and Estonia respectively.The exchange, which has 150,000 users and operations in Chile,
Business

SEC Proposes to Simplify ‘Complex and Confusing’ Exempt Offering Rules

[ad_1] The US Securities and Exchange Commission (SEC) has voted to propose a set of rule changes to simply and improve the "patchwork" rules for exempt securities offerings.The proposed rule changes aim to improve the existing ‘complex and confusing’ framework to make it easier for companies to conduct offerings that still protect investors.In the US offerings of securities, including Initial Coin Offerings (ICOs), must either be registered with the SEC
Business

What Are zk-SNARKs and How Do They Affect Digital Privacy?

[ad_1] At a time when technology can be used as both a mechanism for privacy intrusions and a tool for protecting privacy, the prescient sentiment of cypherpunks in the 1990s of cryptography as the last defense against a digital surveillance dystopia rings truer than ever.And one of the most potent instruments for defending digital privacy has recently gained significant momentum thanks to the advent of cryptocurrencies. An iteration of zero-knowledge proofs,
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Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

[ad_1] Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report. Bitcoin cash has by far the largest share in retail crypto spending and transactions among coins accepted by Australian businesses. Also read: Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs
BLOCKCHAIN

Chinese Province Sees First Official Blockchain Zone

[ad_1] The central Chinese province of Hunan has approved the establishment of the Wanbao blockchain zone in the city of Loudi. It is the first provincial blockchain zone in Hunan province, according to a local news report from March 4.Hunan punches above its weight among Chinese provinces housing blockchain workAccording to China’s 2019 blockchain zone development evaluation report, Luodi ranks at 17 among domestic blockchain zones.Luodi blockchain zone has already
BLOCKCHAIN

U.S Rep. Submits Bill Urging Tennessee to Study Blockchain

[ad_1] State Representative Dennis Powers introduced a new bill into Tennessee’s state legislature on March 3 spurring the study of blockchain technology.The bill asks the Tennessee Department of Financial Institutions to dive into research on blockchain and applications for “related technology” in finance and propose changes to any regulations standing in the way of the technology’s progress.The bill lists blockchain’s advantagesThe document describes blockchain as a ledger capable of documenting