Tag: Government

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New Research Says Bitcoin Price Jumps in Response to News of Clear Regulation

Researchers at the Bank for International Settlements think that crypto prices respond well to clear regulation, though they drop when governments issue bans. Researchers from the Bank for International Settlements are finding that cryptocurrency markets actually react positively to news of clear regulations. Findings? Crypto is not such a wild west after all Per a…
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South Korean Government Labels Blockchain a Golden Opportunity

Vice Minister of Strategy and Finance calls to take advantage of “golden” chances in the blockchain industry. The South Korean government has stated that the blockchain market represents a “golden opportunity” for the country. They are now calling for private sector companies throughout South Korea to exploit this potential. According to a report published on…
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US Congresswoman Vows to Brand Facebook’s Libra a Security Despite Today’s Updates

A member of the House Financial Services Committee is dissatisfied with Facebook’s updated whitepaper for Libra and still wants to make sure the token is registered with the SEC. A United States congresswoman has said that she will keep working to brand Facebook’s planned stablecoin Libra a security. Facebook and the Libra Association may well…
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US Gov’t Issues New Guidance Against North Korea’s Cryptojacking, Ransomware and Hacking

North Korean crypto and cyberattacks still in the crosshairs of several U.S. agencies, who have issued a new advisory against the regime’s cryptojacking and hacking programs. Several United States agencies issued what they call comprehensive guidance on North Korea’s cyber attacks, which have hacked cryptocurrency exchanges and used cryptojacking and ransomware to finance the regime.…
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Chinese City Signs Deal With Huawei to Strengthen Blockchain Adoption

Shenzhen and Huawei join in a partnership to boost blockchain and other technological adoption in the region. The government of the Nanshan District of Shenzhen, China has announced an agreement with the multinational telecommunications and consumer electronics giant Huawei to boost the adoption of blockchain, among other technologies, in the region. According to an April…
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Will Blockchain Technology Be Used to Build Evil Social Credit Systems?

The global coronavirus pandemic has revealed the necessity of decentralization to avoid the world becoming a true dystopian nightmare. As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy…
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Non-Stimulus Tax Rules You’ll Need This Year

In response to the coronavirus pandemic, the IRS is taking some important measures but taxpayers could be under threat. The United States Internal Revenue Service delayed tax day this year from April 15 to July 15, and perhaps that means many Americans aren’t thinking about taxes during this very strange time. Indeed, they seem understandably…
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Online Voting Not Secure Even With Blockchain, Says US Association

The Center for Scientific Evidence in Public Issues penned an open letter urging officials not to utilize blockchain for U.S. elections. With images from the Wisconsin democratic primary flooding the internet this week showing voters braving hail and cold weather in the middle of a pandemic, Americans may be looking for a better way to…
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French Financial Regulator Responds to EU’s Crypto Consultation

As the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter. As the European Commission finished its public consultation on cryptocurrency assets in March, France’s major financial regulator stepped in to express its stance on the matter. The Autorité des Marchés Financiers (AMF), the stock market…
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Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations

Former Bakkt CEO and Georgia senator Kelly Loeffler announced that she and her husband will liquidate all their holdings. Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings along with her husband. In an April 8 tweet, Loeffler said…
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