Japanese regulations, Binance hacker bounty, bitcoin twitter wars and more...
We’ll Punish Crypto-Exchanges That Fail Their Customers, Says Japan Regulator
Japan’s regulators have welcomed bitcoin businesses more than most, but it comes at a price. After playing host to two of the largest crypto-hacks in history, the nation is especially concerned about consumer protection. Now, regulators there say they’ll punish any cryptocurrency exchange that fails to assist or financially protect its customers.
Binance Hacker Bounty: $250K Offered for Information Leading to the Arrests of Those Responsible for Attempted Hack
On March 7th, the second-largest cryptocurrency exchange by market cap, Binance, almost fell victim to large-scale attack. According to the company, the attack — which took place over just a two minute period — was part of a well-organized phishing and stealing attempt.
Dutch Finance Minister Proposes ICO Regulation to Protect Consumers From Scams
Dutch finance minister Wopke Hoekstra has suggested an international stratagem to regulate cryptocurrencies and ICOs. To formulate new consumer protection measures, the minister wants to talk with credit card companies to establish stronger protections for people who buy cryptocurrencies using credit cards.
PayPal Files Patent to Allow Instant Crypto Payments Off Blockchain
On March 1st, 2018, online payments giants PayPal filed a patent for “Expedited Virtual Currency Transaction System” with the U.S. Patent and Trademark Office (USPTO), that aims to allow instantaneous crypto payments. The proposed transaction system will introduce secondary private keys to shorten transaction times.
Chinese New Digital Currency Is Called ‘DCEP’ – but What Is It?
Chinese much-anticipated digital-only currency concept is tentatively called “DCEP” for “digital currency electronic payment”, said the People’s Bank of China governor Zhou Xiaochuan in a media briefing this morning (local time).
A Bitcoin Twitter War Is Raging And No Account Is Safe
At first glance, the tweet, from investor and entrepreneur Nick Tomaino, might not be distinguishable in the all-out flame war that crypto Twitter - and all crypto social media - has become.
Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September
Over the past several days Bitcoin has experienced a large drop in value. The entire market has followed this trend, with Ethereum, Bitcoin Cash, and Ripple all declining by similar margins. Analysts have attributed the recent fall to a massive sell-off of almost 40,000 Bitcoin by a Mt. Gox trustee.
Vitalik Reveals New Idea for Plasma Scaling On Ethereum
In a surprise appearance at the ethereum community conference EthCC in Paris on Friday, ethereum founder Vitalik Buterin presented a scaling solution for Plasma, a system of smart contracts that seeks to increase the computational potential of the world's second-largest blockchain.
KODAKCoin Backers Warn SEC Could Restrict Token Trading
A new "light paper" released for the forthcoming KODAKCoin sale states that the token could see "significant" trading restrictions should the U.S. Securities and Exchange Commission (SEC) deem it a security.