In a move that brings cryptocurrencies one step closer to official regulation, the U.S. Securities and Exchange Commission has declared DAO Tokens to be securities, and thus subject to federal securities laws. The SEC has also stated that issuers of ICOs must register and provide necessary disclosures. This declaration is in response to an investigation…
Apple has approved Dash for its app store, thus taking another step toward embracing the use of cryptocurrency in the multi-billion dollar app economy. This move is a reversal of Apple’s rejection of Dash last August. Developers are now permitted to integrate Dash into apps, and an official iOS Dash wallet has been released.
Apple’s…
The past several days have been good for cryptocurrency values. Bitcoin has enjoyed a rebound, largely due to the BIP91 lock-in and avoidance of a dreaded chain split. As expected, as Bitcoin has risen, so have altcoins. Every altcoin with a market cap above $300 million has advanced in the last week, but that is…
Bitcoin’s ability to help the economies of the developing world represents one of the cryptocurrency’s most promising characteristics. Advocates point to the low cost of remittances, the ability to provide financial services to the unbanked, and even the use of Bitcoin as a humanitarian aid as just a few of the means by which Bitcoin…
The long debate over Bitcoin scaling is moving toward resolution as more than 80% of the miners are signaling support for BIP91. If this holds, and it likely will, Bitcoin will adopt Segregated Witness via SegWit2x before the August 1st deadline (Update: As of midnight July 21st, BIP91 is locked in). Not surprisingly, Bitcoin prices…
In the first hearing of his trial for fraud, former Mt. Gox CEO Mark Karpeles plead not guilty in Tokyo District Court on Tuesday. Karpeles is charged with embezzlement and data manipulation. The Japanese-based Mt. Gox, once the world’s largest Bitcoin trading platform, ceased operations in early 2014. It later revealed that it had lost…
With Bitcoin experiencing a sharp drop as the deadline for a potential blockchain split nears, investors are smart to wonder how this move is affecting the value of competing cryptocurrencies. These currencies are not currently experiencing the technological challenges (and community discord) of Bitcoin, but they are nonetheless volatile as their future depends on how…
Post AG Austria has partnered with BitPanda to enable Bitcoin purchases at 1800 of their post offices. Titled “BitPanda To Go”, this move marks a significant step forward in the legitimizing of cryptocurrency by European state authorities. With more than three hundred thousand users, BitPanda is one of Europe’s largest cryptocurrency brokers. Being based in…
