The Ethereum community is still engaged in bitter debates on ProgPoW and ASIC resistance, which some believe exposed the ‘suboptimal’ nature of its governance. The Ethereum (ETH) community has recently been engaged in a bitter debate sparked by a proposed mining algorithm change. Dubbed ProgPoW, the proposal would invalidate all currently existing ASICs to only…
Read more
Vitalik Buterin says that currency digitization is inevitable and believes decentralized privacy currency would be more appealing to people than state-controlled digital currencies. With governments increasingly looking at launching their own digital currencies, you might worry that crypto just can’t compete with national financial infrastructures. Not so, says Ethereum co-founder Vitalik Buterin. Buterin spoke with…
Read more
Brazil opens up to the possibility of implementing Blockchain technology to issue university diplomas and prevent fraud. In an attempt to fight against the falsification of university diplomas in Brazil, the Ministry of Education (MEC) has proposed, creating a Blockchain-based platform to issue digital certifications among non-state universities. According to Cointelegraph Brazil, MEC minister Abraham…
Read more
South Korea’s national legislature has passed a law to introduce a permitting system for cryptocurrency exchanges based on real-name confirmed bank accounts. On March 5, South Korea’s National Assembly passed a revised bill on the reporting and use of special financial transaction information, focusing on the introduction of a permit system for cryptocurrency exchanges. Accordingly,…
Read more
A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity. “Doing…
Read more
With the future of the crypto in India now tied to a Supreme Court case, exchanges are looking to derivatives trading. India has had a complicated relationship with crypto. While the nation holds a large number of crypto enthusiasts, many exchanges are concerned over the future of the industry. According to sources available to Cointelegraph,…
Read more
Chicago-based Fintech company FinTank looks to launch a national SRO to help the crypto regulatory scene. Chicago-based fintech startup FinTank aims to launch a national self-regulatory organization, or SRO, in the United States. Headed up by former Chicago Board Options Exchange, or CBOE, trader David Carman and partner George Vukotich, FinTank’s SRO “will help regulate…
Read more
Representatives from Coinbase and Kraken fear that the IRS is overestimating the threat they pose to U.S. regulation. Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority. In a March 3 panel that is a continuation…
Read more
Popular zero-fee crypto trading app Robinhood has fixed a major system-wide outage but traders want to get reimbursed. Following a major technical outage, popular stock and cryptocurrency trading app Robinhood is purportedly operational again. The popular platform for trading stocks and cryptocurrencies like Bitcoin (BTC) experienced a major technical outage, causing a loss of access…
Read more
In a blow to adoption, Argentina has placed a 180-day halt on the blockchain-based digital system that lets new companies register in five minutes. The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by…
Read more
