Russia: Ministry of Communications Requires ICO Issuer… | News

Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects, Forklog news outlet reported Monday, Feb. 12. Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles – approximately equal to $1.7 mln – and a license for the development, production, and issuance of tokens. Additionally, token issuers are obligated to possess a specially licensed bank account. According to the document, the ICO license will be granted by Minkomsvyaz for a duration of…

Report Suggests Global Spending on Blockchain Tech Could Reach $9.2 Billion by 2021 — Bitcoin Magazine

Blockchain technology can revolutionize the way in which businesses provide services to both consumers and to other organizations. From building digital trust over a completely transparent ledger, to allowing participants to quickly interact via a peer-to-peer network, blockchain technology is proving to be a solution that will drive the next phase of digital transformation. This in mind, enterprises and companies are spending more money than ever before on blockchain solutions.  According to IDC’s inaugural Worldwide Semiannual Blockchain Spending Guide, $945 million was spent on blockchain solutions in 2017. The report…

Sora Foundation Wants to Build a Better Blockchain Community in Asia

Ask most, and you’ll hear the opinion that Asia is a minefield when it comes to cryptocurrency. The mere mention of regulatory action on the already-volatile markets sends the price of bitcoin (and consequently altcoins) into a nosedive. One need only look at the recent South Korean dilemma or China’s ongoing aversion to cryptocurrency to confirm this. Clearly, the continent’s role in this emerging digital realm should not be underestimated. The attempts by certain governments to ban the exchange of cryptocurrencies have not worked quite as intended, instead pushing the…

Po.et’s “Frost” Launches Blockchain-Based Solutions for Bloggers, Content Creators

If you are one of the 81 million people who use WordPress to publish content, you’ll soon be able to automatically timestamp your works within the WordPress content management system using the new Po.et plugin. February 8, 2018 marked the launch of Frost, an open API and set of developer tools from Po.et that will enable content publishers and developers to more easily register their creative works on the blockchain. The new API will enable integrations and decentralized applications, including the WordPress plug-in. Developers can get instructions on how to…

Japanese Exchange bitFlyer Approved to Operate in Illinois

Japan’s largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois. After receiving a “BitLicense” to operate as a virtual currency exchange in New York in November 2017, the Tokyo-based company has now received approval to operate in 44 states and territories. On January 22, 2018, bitFlyer announced its expansion into Europe, after being  granted a Payment Institution (PI) license to operate in the European Union. This announcement made bitFlyer the first cryptocurrency exchange to be regulated in Japan, the U.S.…

China’s Stricter Regulatory Stance on ICOs Signal Caution, Not Calamity

On February 4, 2018, at 10:10 p.m. China Standard Time, Financialnews, a rather small news agency under the administration of China’s central bank, the People’s Bank of China (PBOC), released an article that explicitly stated that “China will continue to watch virtual currency and activities related to it closely, and will take actions including shutting down commercial presences and exchanges within China’s territory to uphold China’s financial stability.” This is the first time that China has sent a regulation signal to the public through an official channel since September 4,…

Bearish Continuation Pattern Could Signal End of Bullish Rally

Over the last couple weeks, bitcoin has seen a dramatic drop in price dropping from $20,000 to $6,000. Shortly after bottoming at $6,000, hopeful investors jumped at the chance to catch a discounted coin. Is this rise sustainable and does it mark the end of the drastic correction? Let’s take a look at the macro trend: Figure 1: BTC-USD, 1-Day Candles, Macro Trend One of the most concerning things regarding the health of this trend is the breakdown of both the parabolic and linear trends. Both trends lasted several years…

Hong Kong Regulators Send Warnings to Non-Compliant Cryptocurrency Exchanges

Regulators in Hong Kong have issued a strict warning to exchanges doing business with Chinese customers about trading tokens deemed as securities. In an announcement today, Hong Kong’s Securities and Futures Commission (SFC) said it has sent letters to seven Hong Kong exchanges and firms attempting to fundraise through initial coin offerings (ICOs), warning them about the legalities of selling digital tokens with the characteristics of securities. Most of those receiving the letter confirmed compliance with the SFC’s regulatory regime or delisted tokens in question. The agency said it had…

Vermont Lawyer Warns of Legal Complications Ahead for Cryptocurrency Miners

Are miners — the nodes on a blockchain that process transactions — partners in a company? And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits? One Vermont lawyer sees a “nightmare” unfolding. Stepping back a few steps, last month, several news sites ran stories about proposed legislation (S.269) in Vermont put forth by Senator Alison Clarkson on January 3, 2018. Most focused on the tax element — blockchain projects based in…

South Korea’s Bitcoin Bonanza | CNBC

While in South Korea for the Winter Olympics, CNBC’s Carl Quintanilla takes a look at the surge in cryptocurrency trading in the country and what regulations could come from the government. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter:…