Ethereum 

Focus on Bitcoin, Not Blockchain, Crypto Entrepreneur Proclaims

Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations are embracing blockchain to look “hip,” even though the technology doesn’t deliver on the supposed promise of eliminating middlemen while providing security and immutability. He dismissed many of the so-called blockchain innovations unveiled by big businesses as advancements in data storage and business processes — and warned few of these improvements “will ever trickle down to benefit anyone other…

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Bitcoin 

Coinbase Shifting Focus Due to Growing Institutional Investor Interest in Crypto

America’s largest cryptocurrency exchange, Coinbase, is shifting its focus to serve the needs of a growing interest in crypto by institutional investors. This is the narrative coming from the company after some changes in the last 10 days. Firstly, news broke last week that Coinbase had filed to close its Political Action Committee (PAC) with the American Federal Election Commission (FEC). A quick look at the filing and balance sheet shows that Coinbase’s PAC did not receive any funding and made no payments in 2019. According to FEC regulations, a…

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Bitcoin 

SEC Chairman Flags Crypto as Continued Regulatory Focus in Latest Speech

The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8. Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space while giving a broad overview of the organization’s activities and roles. Clayton chose to touch principally on instances where existing laws had been used to deal with noncompliance from crypto entities. “In the digital assets space, […] the Division of Enforcement has brought cases that demonstrate that there…

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Bitcoin 

CFTC’s First Published 2019 Examination Priorities Reveal Major Cryptocurrency Focus

United States regulator the Commodity Futures Trading Commission (CFTC) has announced cryptocurrency will form a priority for its internal examinations this year, according to a press release published on Feb. 12. The CFTC, which has released its examination priorities for the first time in 2019, will include various crypto-related aspects in its Division of Market Oversight (DMO), Division of Swap Dealer & Intermediary Oversight (DSIO) and Division of Clearing & Risk (DCR) papers. According to the press release, those priorities pertaining to cryptocurrency include cryptocurrency surveillance practices, as well as…

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Ethereum 

ETC Labs Introduces Dedicated Team to Focus on Core Ethereum Classic Projects

Ethereum Classic Labs incubator has launched a new Ethereum Classic (ETC) development team ETC Labs Core. The company has unveiled this in a blog post published Jan. 14. According to the announcement, the new team will be working on core ETC projects, supporting the coin’s blockchain and providing tools for decentralized application development, mining, and services. In the first quarter of 2019 the team will purportedly focus on reviewing Ethereum’s (ETH) Constantinople hard fork, which is set to happen around Jan. 16. This will be done prior to finalizing the…

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Bitcoin 

Bitmain Exits Amsterdam Citing Focus on Long-Term Scalable Business Strategy

Cryptocurrency mining giant Bitmain Technologies has opted to reduce its operations in the Netherlands, the company said in a statement on Jan. 14. Bitmain, which in November announced the first in what has become a series of cost-saving measures by shutting down a blockchain development center in Israel, said the move was part of its longer-term roadmap. The company has reportedly suffered as a result of decreased profitability of Bitcoin mining in recent months, with Bitcoin (BTC) currently circling $3,600. “As we build a long-term, sustainable and scalable business, we…

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Bitcoin 

Russian Parliament to Focus on Digital Economy Bills in Next Session, Says Chairman

Vyacheslav Volodin, the chairman of the lower chamber of the Russian parliament, has said that bills on the digital economy will be a priority during the upcoming session. The parliament’s official website revealed this in a press release published Wednesday, Jan. 9. Speaking at the opening of the parliament’s spring session, Volodin mentioned the digital economy bills that are currently being considered, including the ones on digital financial assets, digital rights and crowdfunding. According to the chairman, the members of the parliament will focus on these bills during the upcoming…

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