How Will a $100 Mln Grant Help Ethereum Scale? | News

On Feb. 16, six large-scale Blockchain projects OmiseGo, Cosmos, Golem, Maker and Raiden, that have completed successful multi-million dollar initial coin offerings (ICOs) last year, along with Japanese venture capital firm Global Brain have created the Ethereum Community Fund (ECF), to fund projects and businesses within the Ethereum ecosystem. The ECF will begin with $100 mln, likely raised by the six Blockchain projects. Some members of the Ethereum Foundation including Ethereum creator Vitalik Buterin plan to advise the fund. Buterin told TechCrunch: “Ethereum has grown beyond my expectations over the…

Croatia Launches Self-Regulating Blockchain Organizati… | News

Croatia’s Blockchain and Cryptocurrency Association (UBIK), is a self-regulatory organization registered Feb. 13 with the goal of creating a crypto community, educating the public, and developing regulation in Croatia. It has officially begun working yesterday, Feb. 17, according to the UBIK blog. The governing board of UBIK already met with the Central Office of Tax Administration in Croatia on Feb. 9 to discuss the issues covering the taxation of crypto as a capital gain, the regulations of Initial Coin Offerings (ICO), and the business of crypto mining companies. The Croatian…

SEC Suspends Trading In 3 Companies Due To ‘Questions’… | News

The Securities and Exchange Commission (SEC) published a report Thursday, Feb. 15 explaining the temporary suspension of trading in three companies that had made statements about acquiring cryptocurrency and “Blockchain technology-related assets”. All three companies, Cherubim Interests (CHIT), PDX Partners (PDXP), and Victura Construction Group (VICT) have been suspended starting Feb. 16 for two weeks for investor protection purposes. The SEC trading suspension orders state that all three companies issued press releases that claim that: “[T]he companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency…

A Dazzling History of Bitcoin’s Ups and Downs | News

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. One of the most popular memes on the cryptocurrency subreddit r/bitcoin, arguably the largest concentration of Bitcoin enthusiasts on the internet, depicts a cartoon coin riding a roller coaster with its hands waving wildly in the air. On days when Bitcoin is skyrocketing in price, the meme shows the rollercoaster launching straight upward, and on days when Bitcoin is crashing, the funny facsimile is…

Crypto Regulations ‘Not Close’ US Security Coordinator… | News

A major US government security figure recently stated that regulation of cryptocurrencies by Washington is not “close,” CNBC reports Feb. 16. In comments which echo those from various US regulatory circles this year, special assistant to the president and White House cybersecurity coordinator Rob Joyce told the Munich Security Conference Friday that plans were still in the “studying” phase. “I think we’re still absolutely studying and understanding what the good ideas and bad ideas in that space are,” he said on the topic. “So, I don’t think it’s close.” Bitcoin…

New Steam Game Offers One Bitcoin To First Player Who… | News

A new game offering 1 bitcoin – worth $9860 at press time – to the first player to solve its 24 puzzles will launch Feb. 20 amid rumors developers are linked to Bitcoin wallet recovery tool btcrecover. Montecrypto: The Bitcoin Enigma will feature an in-game world players navigate in the first person, solving 24 ‘enigmas’ in order to claim the ultimate prize. The game is over once a player has solved all the puzzles for the first time, while the sale price of the game will be $1.99. “We are…

Japan’s Financial Regulator To Conduct Inspections Of… | News

Japan’s Financial Services Agency (FSA) will conduct on-site inspections of 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack, the local news outlet The Japan Times wrote today, Feb. 16. Japan-based crypto exchange Coincheck was hacked on Jan. 26 and around $530 mln in altcoin NEM was stolen. As part of Japan’s legalization of Bitcoin (BTC) as a payment method in April 2017, crypto exchanges must be registered by the government. Crypto exchanges that had been operating in Japan before April 2017 were allowed…

Vitalik Buterin To Advise New ‘Ethereum Community Fund… | News

Several large Ethereum-based projects have come together to create the Ethereum Community Fund (EFC), a vehicle to connect and fund the growth of Ethereum (ETH) infrastructure, according to the EFC website. The founding members of the EFC are OmiseGo, Cosmos, Golem, Maker, Global Brain Blockchain Labs, and Raiden. Ethereum co-founder Vitalik Buterin, Ethereum Foundation executive director Ayako Miyaguchi, and OmiseGo managing director Vansa Chatikavanij will join the project as advisors, according to Jun Hasegawa’s, the founder of OmiseGO, announcement on Medium. The beginning basis of the EFC is the Infrastructure…

Tether Creates Over 146 Mln New EUR, USD Tokens Based… | News

Tether has launched a fresh round of token creation, this month adding 86 mln euro-pegged EURT and 60.1mln dollar-pegged USDT to its issuance as Finance Magnates reports Feb. 15. Both tokens are issued on Ethereum, with two wallets currently showing the ongoing activity as Tether continues to face mixed press following volatility. Finance Magnates quoted an earlier announcement last September from Bitfinex sister exchange Ethfinex, the new tokens form part of a new collaboration bringing Tether to Ethereum. “Following the widespread success of their Bitcoin-based USDTether, issued via the Omni…

Pullback on the Cards? Bitcoin Finds Weak Hands Above $10K

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. The cryptocurrency rose above $10,000 at 17:29 UTC yesterday, but ran into offers at $10,218 and dropped to $9,865.29 at 21:59 UTC. Another attempt to score gains above the $10,000 mark ran out of steam at a high of $10,293.44 at 02:14 UTC. As of writing, CoinDesk’s Bitcoin Price Index (BPI) is seen at $9,960. Despite the pullback from a 16-day high of $10,293.44, the cryptocurrency is still up 1.56 percent on…