Bitcoin History Part 7: The First Major Hack

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Hacks and heists have been a threat for as long as bitcoin has been worth stealing. By 2011, as Bitcoin was easing into its second year of life and its first bubble, early cryptocurrency exchanges were bringing liquidity and price discovery to the nascent ecosystem. At the same time, they were providing an outlet for…

India Stalls Cryptocurrency Regulations, Uncertainty Continues

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India’s government has continued its “undecided” stance on regulation around the cryptocurrency ecosystem. No timeline was promised by Pon Radhakrishnan, the Minister of State Finance, for enacting legislation, even in the December 28, 2018 meeting. December Passed: Still In a Limbo The Indian Government and the domestic cryptocurrency exchanges had always been at odds with…

Fidelity’s Man: Can Tom Jessop Bridge Crypto and Wall Street for Good?

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CoinDesk profiles Fidelity’s Tom Jessop, who is leading the firm’s effort to link the worlds of digital assets and Wall Street.

Analysis: Bitcoin Transactions at 10-Month High While Fees at 2-Year Low

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BTC has hit a 10-month high in transaction volume. Meanwhile, tx fees are at a multi-year low. These figures indicate that factors such as scaling improvements to the Bitcoin protocol, and the relatively modest price of bitcoin, have made transactions in the cryptocurrency extremely affordable. Growing Transactions Volume At 300,000 transactions per day, Bitcoin is…

Indian Exchanges End Year With Improved Services, Optimism About Regulation

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As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive…

The End of the First Crypto Decade

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Massimo Morini is a veteran in investment banks and financial institutions including the World Bank. Some of his research on blockchain was reported here and here. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  The end of 2018 is not the end of a year. It is the end of a decade, a decade that changed the world…

U.S. Federal Reserve Doesn’t Like the Idea of a Government Cryptocurrency

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The Federal Reserve Board governor is still not fond of the idea of central bank digital currencies, despite the fact that the reserve is equipped to issue one. The Fed Says No to CBDCs It’s been a year since bitcoin’s price exploded and launched cryptocurrencies into the mainstream, which pushed many to believe that the…

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

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The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses in court. Also read: German Startup Devises Eco-Friendly Energy-Efficient Miners Legal Lab to Assist Crypto Companies in Russian…

Japan’s Second Biggest Bank Launching Yen-Pegged Stablecoin in March 2019

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Mizuho Bank, Japan’s second largest financial institution, is readying the infrastructure for a stablecoin launch in March 2019, as reported by Asia Nikkei Review. The coin is aimed at increasing low-cost cross-border transfers and remittances. Moving towards Crypto-Finance Mizuho plans to promote cashless payments in Japan by deploying its offering across retail stores for feeless-transactions,…