Why Switzerland is Becoming a “Crypto Nation” with a F… | News

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 email your ideas and CV to a.mcqueen@cointelegraph.com. Switzerland has long been a global center for the wealth management industry, housing around $2 trillion, or 27 percent, of global offshore wealth.  Since 1934, Swiss bankers and regulators…

BitGrail Vs. Nano: Who Is Responsible For the $150 Mil… | News

On February 8 2018, 15 million Raiblocks, the former native currency of the Nano network,  were stolen from Italian cryptocurrency exchange BitGrail.  In order to provide insights into alleged security breach and the theft of more than $150 million USD worth of XRB, Cointelegraph conducted an exclusive interview with Francesco Firano, the founder and operator of BitGrail. This time, Cointelegraph reached out to the Nano team and conducted an interview with the Nano core team’s Troy Retzer, who oversees community & public relations at the organization, to better understand the large-scale…

Shark Tank’s Herjavec Thinks Bitcoin And Blockchain Ar… | News

According to Shark Tank’s Robert Herjavec, Bitcoin is “here to stay” in the long term, cryptocurrency will definitely be regulated, and investors should both get in and get out now, according to an interview with financial news outlet TheStreet. While Herjavec says that he himself is not an investor in crypto, he predicts that Bitcoin’s price will continue to rise in the short term, even above the January high of 20,000: “It’ll take out that high, I’m saying it right now.” He believes that cryptocurrencies should and will be regulated,…

FCC Officially Warns Brooklyn BTC Miner Of ‘Harmful In… | News

The U.S. Federal Communications Commission (FCC) has sent an official notice, dated Feb. 15, to a resident of Brooklyn, New York, Victor Rosario, citing that his Bitcoin (BTC) miner was causing harmful interference to T-Mobile’s broadband network. The “Notification of Harmful Interference” stated that the device was “generating spurious emissions on frequencies” for T-Mobile’s network. Continued use of his Antminer s5 Bitcoin Miner in a way that caused harmful interference would be breaking federal laws subject to penalties, “including, but not limited to, substantial monetary fines, ‘in rem’ arrest action…

Polish Central Bank Secretly Funds Anti-Crypto Youtube… | News

The Central Bank of Poland has admitted to funding anti-cryptocurrency campaigns on social media, specifically Polish Youtuber Marcin Dubiel and his Dec. 2017 video, “I LOST ALL THE MONEY?!,” Polish news portal money.pl reports. The social media campaign against crypto was carried out by Central Bank of Poland in conjunction with Polish Youtube partner network Gamellon, Google Ireland Limited, and Facebook Ireland Limited, allocating about 91,000 zloty (around $27,000) for producing anti-crypto content. Money.pl reports that the Central Bank’s campaign also had videos published on the Planeta Faktów (Planet of…

Contentious Ethereum Fund Recovery Proposal Continues… | News

The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare. The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as an option for how to more easily modify the Ethereum (ETH) Blockchain to redistribute address balances in the circumstance of lost funds. EIP editor Yoichi Hirai had criticized the draft for what he saw as its violation of a Japanese law about…

64% Of Germans Aware Of Bitcoin, Says IT Association B… | News

A survey published Feb. 15 by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom), found that just over two thirds of Germans are aware of Bitcoin (BTC). Awareness of the most popular cryptocurrency has doubled since 2016, when 36 percent of German citizens were familiar with Bitcoin, and quadrupled since 2013, Bitkom reports. According to this year’s survey, 4 percent of the 1,009 respondents actually own Bitcoin, 19 percent said that they have an idea of how to buy Bitcoin, and 72 percent stated they had…

Swiss Financial Authority Releases ICO-Specific Regula… | News

The Swiss Financial Market Supervisory Authority (FINMA) published a set of guidelines yesterday, Feb. 16, for applying existing financial market legislation to the regulation of Initial Coin Offerings (ICO). FINMA CEO Mark Branson sees these guidelines as a way of helping Blockchain technology successfully enter Swiss markets, noting that Blockchain companies “cannot simply circumvent the tried and tested regulatory framework”. He stated in the press release for the guidelines: “Our balanced approach to handling ICO projects and enquiries allows legitimate innovators to navigate the regulatory landscape and so launch their…

Total Crypto Market Cap Back Over $500 Bln, Bitcoin Pu… | News

After a relatively low start to the month in the crypto market, the total market cap of all cryptocurrencies has again broken $500 bln today, Feb. 17, according to CoinMarketCap. The total market cap is currently around $502 bln at press time. Bitcoin (BTC) has stayed well above the $10,000 mark, currently trading at about $10,830 and up almost 7 percent over a 24-hour period by press time. Ethereum (ETH) is inching closer to passing the $1000 threshold, trading at $969, up almost 3 percent over a 24-hour period by…

Visa, Worldpay Take Blame For Duplicate Charges On Coi… | News

Visa and payment processing company Worldpay issued a joint statement on the Coinbase blog today, Feb. 17, taking responsibility for charging Coinbase customers multiple times for the same transaction. Before admitting fault in the statement published by Coinbase today, Visa had at first shifted the blame back to Coinbase, telling the Financial Times on Feb. 16 that it had “not made any systems changes that would result in the duplicate transactions cardholders are reporting.” However, the latest statement from Visa and Worldpay on the Coinbase blog clarifies: “Over the last…