() () () () () () () () () () () () () () () () () () () ()

Archive for February 2018

eBay Seller Scams Customers by Emptying Purchased Paper Wallets

Paper wallets have always been considered to be a great solution for offline cryptocurrency storage. They are convenient and can be prepared in a few minutes. For some reason, people are still actively selling – and buying – pre-generated paper wallets on platforms such as eBay. It is evident this is a disaster waiting to happen. NEVER…

Read More

Bitcoin and Solar Energy Fuel Investment in Japan: Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please…

Read More

Square: Murky Crypto Accounting Rules Pose Risk – CoinDesk

Square Inc. has identified another business risk for publicly traded companies that deal in cryptocurrencies: unclear accounting rules. In its most recent annual filing with the U.S. Securities and Exchange Commission (SEC), the digital payments company wrote that Generally Accepted Accounting Principles (GAAP), the U.S. accounting standard for public companies, offers no specific guidance for cryptocurrencies.…

Read More

LitePay Postpones Litecoin Debit Card Plans Due to Issues with Card Issuer

Litecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card would have made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of…

Read More

Bitcoin Dominance Hits Two-Month High as Crypto Market Declines

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency markets succumbed to another mid-week slump on Wednesday, with the majority of top-tier coins posting minor declines. Meanwhile, Bitcoin dominance rose to a two-month high as investors continued to consolidate their holdings back into the flagship cryptocurrency. Source: CoinMarketCap At…

Read More

Dubai To Release Blockchain-Based System To Track Vehicle Lifecycles

Dubai’s Roads and Transport Authority (RTA) has announced plans to launch a Blockchain-based vehicle lifecycle management system in 2020 that would provide customers which a history of their vehicle from “the manufacturer all the way to the scrap yard,” local news outlet Arabian Business reported yesterday, Feb. 27. The Blockchain project, formed in connection with…

Read More

US Regulator CFTC Allows Staff To Trade Cryptocurrency, BTC Futures Remain Off Limits

The US Commodity Futures Trading Commission (CFTC) has formally allowed its employees to trade cryptocurrencies, but maintained its ban on Bitcoin futures participation, Bloomberg reports Wednesday, Feb. 28. The regulator, which together with the Securities and Exchange Commission (SEC) oversee asset and commodity legislation nationally, report that they made the decision earlier this month. The…

Read More

UK Bank HSBC Might Soon Pilot Live Blockchain Payments – CoinDesk

International banking giant HSBC is reportedly close to testing blockchain in live transactions. Global Trade Review reports that the bank could launch several pilot programs based on existing proof-of-concept (PoC) projects in an effort to begin transitioning to live blockchain transactions. The move was announced during a private media call earlier this week. HSBC senior innovation…

Read More

Don’t Tell Jamie! JPMorgan Admits Cryptocurrencies Could Disrupt Banks

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. JPMorgan Chase, the largest bank in the US, has formally acknowledged that cryptocurrencies and blockchain technology could disrupt banks. JPMorgan Admits Cryptocurrencies Could Disrupt Banks The firm made this admission in its annual report, which was dated Feb. 27 and filed with…

Read More