ICO Codes of Conduct and Certification schemes open for business
Two key services to help organisations show accountability under the General Data Protection Regulation (GDPR) are up and running. The ICO has today
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Business
On EOS Blockchain, Vote Buying Is Business as Usual
Buying votes is a big no-no in traditional democracies, but on the world’s eighth-largest blockchain it’s become an accepted way of doing business.A new service makes it easier for EOS block producers, the nodes elected by holders of the cryptocurrency to validate transactions on the network, to share their block
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Korean ICO Project Shuts Down, Says ‘Negative Perceptions’ of Crypto Made Business Impossible
An $8 million ICO project is shutting down, citing regulatory uncertainty and difficulties in onboarding new users.Content-sharing platform Contents Protocol announced Wednesday that following numerous attempts to turn its business into a success, the firm is closing down and refunding investors as much as $7.5 million-worth of the ether (ETH)
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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with
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Egyptian National Bank Turns to Blockchain to Boost Remittance Business
Another major financial institution has partnered with blockchain-based payments firm Ripple.The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances, according to a Feb. 11 report from local daily news site Youm7. The agreement reportedly makes the National Bank the country’s
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Monero Hacker Group ‘Outlaw’ Is Back and Targeting American Business: Report
A group specializing in hijacking victims' computer power to mine for monero has returned with new tools to attack businesses based in the U.S. and Europe. Japanese cybersecurity firm Trend Micro reported Monday the group, known as Outlaw, had begun infiltrating Linux-based enterprise systems in order to hijack computer power
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Australian Government Eyes Business Benefits in New National Blockchain Roadmap
The Australian government recently unveiled plans to ramp up innovation through blockchain technology with an updated national roadmap, released Feb. 7.The Ministry for Industry, Science, Energy and Resources has formulated a new national strategy aimed to capture the potential value generated via business-related blockchain activity, with a particular focus
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Guangdong Blockchain Financing Platform Aims to Help Small Business
The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks. The government-led project is supported by Alibaba’s fintech arm Ant Financial and OneConnect, a subsidiary of one of the largest Chinese insurers, Ping An Insurance, according to a
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The Central Bank Business Model Is Under Attack
A year ago, I predicted 2019 would be the year of regulation in the crypto sector, building upon the increased scrutiny we saw in 2018 after the 2017 ICO boom and bust. 2019 didn’t disappoint: From Switzerland to Korea to France to Lithuania came proposals to regulate crypto assets. Towards the
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Former Kraken Employee Sues Exchange for ‘Unethical and Illegal Business Tactics’
A former employee of United States-based cryptocurrency exchange Kraken initiated legal proceedings against the company in connection with breach of contract and sanctions violation, among other issues.Per a court document filed on Nov. 26, Nathan Peter Runyon — a marine wartime veteran and ex-employee of Kraken, where he served
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