ANALYSIS

Crypto Firms Join Azure as Microsoft Fights Amazon for Market Share

[ad_1] Thanks to the high computational flexibility that it offers, the influence of cloud computing on the blockchain space continues to grow. It's less of a surprise, then, that cloud computing giants — such as Amazon, Microsoft, Oracle and Google's parent company Alphabet — are leading the charge to merge blockchain, especially the enterprise type, and the cloud.Microsoft in particular has been actively engaging with blockchain startups that are developing
ANALYSIS

TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund Investors?

[ad_1] Telegram’s grand entry into the cryptocurrency world is in limbo. After months of rumors, hype and anticipation, Telegram Open Network’s (TON) titan $1.7 billion sales round was declared illegal by the United States Securities and Exchange Commission (SEC).Just days before the Oct. 16 public token distribution, the SEC dealt Telegram a crippling blow by issuing an emergency action and restraining order. Down, but not out, Telegram is now officially
ANALYSIS

Which Countries Have the Biggest Premiums?

[ad_1] Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.Since then, starting with the
ANALYSIS

Can Crypto Exchanges Ever Be Truly Decentralized?

[ad_1] Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX). The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange” that purportedly cannot be seized by regulators. “There is nothing to shut down,” he wrote
ANALYSIS

Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

[ad_1] Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to exert greater regulatory pressure on their local cryptocurrency industries.Even inter-governmental agencies like the Financial Action Task Force have in recent times put crypto governance at the forefront of their regulatory ambit. For digital
ANALYSIS

How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?

[ad_1] At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market by using a host of sophisticated schemes that involved fraud, pump-and-dump schemes, as well as certain money laundering-related ploys. As a result of this legal drama, the USDT/BTC trade pair has witnessed a substantial
ANALYSIS

Japan Security Token Offering Association: The Way of Self-Regulation

[ad_1] Security token offerings, or STOs, have more or less taken the mantle from their semi-defunct counterpart, the initial coin offering (ICO). Still, the extreme rise and subsequent fall of the ICO has left quite an impression on the cryptocurrency industry.At its peak prevalence in 2017, this novel fundraising prototype accumulated a total of $6.2 billion — but it wasn’t set to last. Come December of the same year, ICOs
ANALYSIS

Crypto Insurance a Promising Sector Despite Caution of Major Players

[ad_1] The growth in popularity of cryptocurrencies has, in many ways, outpaced the infrastructure built to support it. In terms of security, cryptocurrency exchanges that serve both as a marketplace and a store of the digital assets have become a hacker’s favorite target. Now that the cryptocurrency market has grown to its current capitalization of more than $200 billion, demand for crypto insurance is gaining traction.Already, big-time insurers are emerging
ANALYSIS

Crypto Rating Council Is Out to Help Change US Regulatory Landscape

[ad_1] At the end of September, a number of established crypto firms (including Kraken, Bittrex and Coinbase) that are currently operating in the United States came together to establish a new governance body called the Crypto Rating Council (CRC) so as to jointly provide more clarity on the definition of various cryptocurrencies — that is, establish which digital assets can be classified as securities and those that can not. This development
ANALYSIS

KIK Closes Messenger and Lays off Staff to Continue SEC Lawsuit Fight

[ad_1] Messaging giant Kik has been embattled in a fierce exchange with the United States Securities and Exchange Commission (SEC) over the last year for a token fundraising run in late 2017. The latest news, confirmed by Kik CEO Ted Livingston, reports that the firm will shut down the Kik app and reduce its staff down to around 10% of the current headcount. According to Livingston, this move is a