BlockchainAlex Rathod

Financial Services Commission of South Korea to Set Up Cryptocurrency Department
Blockchain
Financial Services Commission of South Korea to Set Up Cryptocurrency Department
The Financial Services Commission of South Korea is to create a new department dedicated to cryptocurrency and blockchain technology. This is seen as an effort to create smarter regulation after knee-jerk regulating in the past. The new department, currently dubbed the Financial Innovation Bureau (FIB), will apparently assist in the development of policy initiatives for the blockchain and fintech industry within the country as part of the coming Fourth Industrial…
CoinMarketCap has Updated Exchange Listing Policy After Volume Manipulations
Blockchain
CoinMarketCap has Updated Exchange Listing Policy After Volume Manipulations
Major cryptocurrency tracking website CoinMarketCap has updated their listing policy for exchanges. The website has removed the volume requirement that used to be necessary for the listing of trading platforms. In addition, the CMC team announced more features aimed at fixing misleading crypto exchange rankings. These include levers and toggles based on additional criteria, such as a fee model of preference or an existing registration. All of the new measures…
Recent Research Paper from University of Pennsylvania Casts Doubt on ICOs
Blockchain
Recent Research Paper from University of Pennsylvania Casts Doubt on ICOs
A recent legal paper from the University of Pennsylvania’s School of Law has touched on the matter of ICOs, and several important aspects of ICOs which it believes has gone largely unreported previously. More specifically, the paper – called “Coin-Operated Capitalism” – has made a number of startling accusations regarding how ICOs are organized and carried out. It includes a section on the divergence between many investors’ expectations and the…
UK Begins Research on Law Reform for Use of Blockchain Smart Contracts
Blockchain
UK Begins Research on Law Reform for Use of Blockchain Smart Contracts
Blockchain smart contracts have built in a system of trust and certainty. However, not many reforms have been put forward to ensure it can help a country with their day to day problems. The United Kingdom (UK) has launched a research project with the help of the Law Commision which will help bring a better clarity for blockchain smart contracts. Smart contracts help in exchanging money, property, shares or anything…
OKEx Teams Up With Malta Stock Exchange to Launch a Security Tokens Trading Platform
Blockchain
OKEx Teams Up With Malta Stock Exchange to Launch a Security Tokens Trading Platform
OKEx, the second-largest crypto exchange as of press time, boasting a 24-hour trading volume of over $1.2 billion, has announced its partnership with Malta Stock Exchange (MSX) for the development of a brand new platform for trading security tokens. The collaboration between OKEx and Maltese financial institutions seemed almost inevitable, as the exchange has announced its plans to relocate to the Mediterranean state, also dubbed as “blockchain island” this spring.…
U.S Congress Shows Crypto Enthusiasm during Latest Hearing
Blockchain
U.S Congress Shows Crypto Enthusiasm during Latest Hearing
A hearing of positivity for cryptocurrency went underway yesterday before the U.S House of Agriculture Committee. A diverse panel of witnesses who are experts in the blockchain and cryptocurrency field were part of the hearing. The public hearing was chaired by Michael Conaway, who is the Texas U.S Representative for Texas. The witnesses included Gary Gensler who formerly partnered in Goldman Sachs, Andreessen Horowitz, Scott Kupor, Daniel Gorfine from CFTC,…
IBM and Columbia University are Launching a Blockchain Research Center
Blockchain
IBM and Columbia University are Launching a Blockchain Research Center
Today, on 17th July, Columbia University and IBM have announced a new research Center, run by joint forces of the two organizations. The new institute will be devoted to research, education, and innovation in blockchain technology and data transparency. The technical giant and one of the world’s leading research universities have shared the 70 years history of collaboration. The new research center falls in line of the IBM’s strong presence…
UK is Well-Placed to Become a Leader in Blockchain and Crypto Economy, Says New Report
Blockchain
UK is Well-Placed to Become a Leader in Blockchain and Crypto Economy, Says New Report
A new report, publicized in the Guardian article, says that Britain is in pole position to become a global leader in blockchain and crypto technologies. The analysis, which was conducted by think thanks Big Innovation Centre, DAG Global, and Deep Knowledge Analytics, claims that all of the necessary capabilities alongside the political will is there for Britain to become a global blockchain hub by 2022. UK-based blockchain companies have been…
VCTRADE, ”The World’s First Bank-Backed Crypto Exchange” Launched in Japan
Blockchain
VCTRADE, ”The World’s First Bank-Backed Crypto Exchange” Launched in Japan
A cryptocurrency exchange, most notably backed by the Japanese banking behemoth SBI Holdings, has just launched to the public in Japan. This comes nearly two years following the initial announcement that the platform would be developed and most recently follows months of delays. The platform, called ”VCTRADE”, is operated by SBI Virtual Currencies – a wholly-owned subsidiary of SBI Holdings – and this reportedly marks the first time an established…
Hong Kong’s ”Central Bank” To Launch Blockchain Platform With 21 Banks
Blockchain
Hong Kong’s ”Central Bank” To Launch Blockchain Platform With 21 Banks
The Hong Kong Monetary Authority, which in effect acts as the special administrative region’s central bank, will reportedly launch a blockchain-based trade finance platform. Moreover, this will not be some ”concept platform”, as 21 banks are already said to be attached to the venture. The Hong Kong Monetary Authority will not undertake this all on its own, as it is being reported that the authority has joined with the OneConnect,…