Investors who lost out due to the $530 million heist, will now be reimbursed. On Thursday, Japanese cryptocurrency exchange Coincheck Inc, stated from next week, it plans on reimbursing lost digital monies to investors who were affected by the $530 million heist. Coincheck also stated, it plans on resuming services for some cryptocurrencies starting from…
While traditionally, digital currencies such as the bitcoin, have always been decentralized and provide anonymity to the holder of the currency, Israel’s digital currency is likely to be centralized and compliant with existing money laundering laws. Israel’s central bank, the Bank of Israel, stated it is examining the possibility of issuing digital currency in order…
Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…
The value of bitcoins has jumped by 100% in 2017. On Monday, Bitcoin’s vertical ascent showed no signs of slackening with the digital currency soaring to yet another record high, just short of the $10,000 mark. The cryptocurrency has gained more than a fifth of its value in the past three days. Since the beginning…
The R3 project is likely to be a significant milestone in the history for blockchain technology. On Tuesday, in a significant development, twenty two of the world’s biggest banks have come together to collaborate on developing an international payments system that would allow existing central bank currencies and any new digital ones to be transacted…
Chinese miners are pushing for the split. In a significant development, the underlying code for bitcoins is likely to split on Tuesday and create a clone called “Bitcoin Cash”; this is likely to provide windfall gains to the holders of the cryptocurrency. This initiative is being led by a small group of mostly Chinese…
While ICOs are a lightning fast way of sourcing capital for startups, the SEC’s report highlights potential pitfalls citing a very interesting case. Regulators on Wall Street stated that initial coin offerings (ICOs), should be subject to the same stringent safeguards that are in place for the sales of traditional securities. ICOs have become…
Kik aims to be the first social media app with its own crypto currency. Kik Interactive, the creator of the chat platform Kik, has disclosed it will be launching a crypto-currency, Kin, that would enable customers to use a range of digital services. Founded in 2009, Kik is a free chat and messaging app built…
Traditional venture capital firms typically take 6 to 12 months to provide funding. The co-founder of blockchain startup Gnosis, Martin Koppelmann has disclosed that the company has decided to leave most of its remaining currency untouched for a year in the wake of its initial digital currency sale that raised $12.5 million in just 12…
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