Opinions That Nearly Killed Facebook’s LibraLibra made a lot of news over the last year. Surely, an arguably promising project developed and promoted by none other than Facebook was guaranteed to draw attention. Apparently, it was also a serious threat to the existing monetary system, so the project faced fierce opposition from regulators around the world.
IEO Declared Dead, but Don’t Be Too Quick to Bury ItThe Block’s analyst Larry Cermak declared Initial Exchange Offerings dead, pointing out the concept’s bleak statistics for 2019.
SEC vs TON: What Blockchain Association Involvement MeansTelegram has been litigating with the SEC for a while now. The main question of the case is whether the sale of Gram tokens by Telegram’s TON platform is a transaction of securities. Whatever the court ruling will be, it is likely to create a significant precedent for the entire crypto-industry to deal with.
John Mcafee’s Dick, Million Dollars, and Other Famous Bitcoin Price Promises Never KeptThe crypto-market has always been full of predictions but some people probably find it too boring and extend challenges that put their financial welfare or even bodies at risk. But are they willing to fulfill their promises?
OneCoin Ponzi Scheme: Scam of the Decade Continues in 2020’s OceaniaRecently, we’ve published an investigation into a large-scale Ponzi-scheme called OneCoin. The scheme had its branches in several different countries across several continents, defrauding people of billions of dollars.
Global Political Game and Bitcoin PriceIn the crypto community and the society at large, there has been a long-running debate pertaining to whether Bitcoin can be defined as a protective asset along with gold, Japanese yen, Swiss franc, and U.S. government bonds. Some experts insist that the unique properties of the first cryptocurrency make it a safe haven for periods […]
Is $1.1 Billion Transaction in Bitcoin That Big of a Deal?As it became known, the mysterious party that had transferred 124 946.6 BTC proved to be BitFinex. According to the exchange’s CTO Paolo Ardoino, the transaction was but a part of transferring 150 thousand BTC to the company’s hot wallet.
The Threat of Quantum Computers: Will Bitcoin Get Hacked?Quantum computing has been one of the horror stories for bitcoin enthusiasts for a while now. Experts have repeatedly argued that this new tech would endanger the very existence of the network, which no one has managed to hack since its launch.
Why Virgin Bitcoins Are More Expensive?After FATF had uncovered their new AML/CFT recommendations that would become fully enforceable in June 2020, investors started getting interested in virgin Bitcoins, i.e. freshly minted coins that were not involved in any operations aside from mining.
Hacker’s Loophole: Vulnerabilities That Cause Bitcoin Exchanges to Lose MillionsAccording to a May study by The Block, 42 large cryptocurrency exchanges have been compromised since 2012, not taking smaller platforms into account. The total amount of stolen funds exceeded $1.35 billion, with about 59% of these funds (795.5 million) being stolen in 2018.
Will Monero, Dash, Zcash, And Other Private Coins Be Delisted?Bitcoin and other cryptocurrencies draw more and more attention from regulators and politicians around the world. Governments openly pursue monitoring of transactions. They tend to restrict or ban digital currencies that make the monitoring job harder.
Playing Gotcha With Regulators, or What Do FATF Recommendations Mean for Crypto IndustryOn June 21st 2019, the FATF presented the finalized version of governing provisions for the crypto industry. The document obligates bitcoin exchanges and other “virtual asset service providers” to comply with AML and CFT procedures similarly to traditional financial companies.