Global: Yahoo Co-founder Jerry Yang Says Blockchain “Natural Technology for Banks and Trading”

Jerry Yang, the Taiwanese-American co-founder of Yahoo, says, despite crypto hype having yet to turn into reality, that blockchain and finance are a natural fit, according to comments first reported by Finews Asia. Yang was speaking at the Nikkei Innovation Asia Forum held in Singapore on Thursday, where he took part in a discussion entitled Rising Tides of Innovation in Asia. But before blockchain can secure the necessary adoption traction, paradoxically, given the technology gave wing to the word “trustless”, Yang says it first needs to build trust. image via Shutterstock

US: US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

According to a survey conducted by Credit Karma, investors based in the United States realized a combined loss of roughly $1.7 billion during 2018, equating to an average of $718 per person. The participants comprised 1,009 U.S. cryptocurrency investors aged 18 or older who were questioned during November 2018. The survey found that only 53 percent of investors had decided that they would report their cryptocurrency gains and losses on their tax returns. image via Shutterstock

Chile: Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS

Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17. The SII  reportedly  decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they fall into the definition of intangible assets. image via Shutterstock

Middle East: UAE and Saudi Arabia Announce New Cryptocurrency Project and Strategy of Resolve

On January 19, 2019, It was officially announced that the United Arab Emirates and Saudi Arabia would be joining forces to create and launch a new Cryptocurrency. Before the announcement was made, 16 representative members of both countries met with the Executive Committee of the Saudi-Emirati Coordination Council in Abu Dhabi to discuss the project and agree on the Strategy of Resolves. The Strategy focuses on 7 initiatives which include aviation, financial awareness youth training, and the development of a cross-border digital currency. image via Shutterstock

Global: BlackRock Asset Manager Leaks Crucial Financial Adviser User Data Details with its iShares ETF

The largest asset manager in the world, BlackRock, has exposed information about financial advisers that work in the firm. Apparently, private data from 12,000 advisers has been shared through iShares. This information was released by Bloomberg on January 19. According to the report, data about users’ funds has also been released. The data appeared in three different spreadsheets that were linked to the iShares exchange-traded funds (ETFs). image via Shutterstock

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Blockchain Connect Conference

More Attention Should be Given to Blockchain Academics for the Uprising of Blockchain, Says Blockchain Connect Conference   Dec. 2nd, 2019, San Francisco - Blockchain Connect Conference, a futuristic blockchain-technology based conference, research destination, and collaborative event hosted by SV Insight, will officially take place on Jan 11, 2019, at Marriott Marquis in San Francisco, California. Emphasizing on academic in the blockchain space, this conference will gather the most authoritative blockchain professors around the world, the public chain projects with the most advanced technology, and technical experts, to discuss about the most cutting-edge blockchain academic research, problems, and solutions. By including keynote speeches and panels covering topics from research to application, the conference will explore the next big opportunity in the blockchain industry. The conference will be divided into two tracks: an academic track and a business track. The academic track will focus on academic discussions, mainly led by professors, scholars, and blockchain core developers, who will...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

New Voice

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

New Voice

Introduction: Coconut is a universal payment platform that allows customers to use any cryptocurrency to purchase goods and services. Coconut team is composed by a group of students from Harvard University and MIT, which won the award for best new nascent blockchain project at the MIT Bitcoin Expo 2018. BlockPulse 360 has the chance to conduct an interview with this promising project and team at Harvard University.

Insights

Interview

Republic Is Creating An Equal Investment Opportunity for the Public

Republic is an investment crowdfunding platform that facilitates startup financing by main street investors including cryptocurrency investment. BlockPulse360 has the pleasure to sit down with its CEO Kendrick Nguyen at Harvard Business School to discuss the initiative of Republic in the crypto space. https://youtu.be/Qu24pzaqyO4

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

Crypto Market

US: A Crypto Startup Aims To Bring Stability To A Volatile Market

A new cryptocurrency startup, Reserve, with backing from investors including Peter Thiel and others, aims to solve one of the biggest challenges with cryptocurrencies. Namely, price stability and functionality as a true form of transactional money. These so-called stablecoins, which most crypto projects have tried to resolve by pegging to a hard fiat currency, such as the U.S. dollar, are far from widescale adoption. Whether Reserve fixes this remains to be seen, but the investor confidence, economic and regulatory advisory power arrayed behind Reserve, and its CEO Nevin Freeman’s vision, makes it a project worth watching. image via Shutterstock

Global: BitMart Lists Paxos Standard, Rebuilding the Trust in Blockchain World

BitMart Exchange, a premier global digital asset trading platform, recently announced the listing of Paxos Standard . By listing a regulated stablecoin, BitMart aims to rebuild the trust in blockchain world and drive it towards a more mature future. PAX is an ERC20 token issued by Paxos, a New York based Trust company. As the first regulated Trust company with blockchain expertise funded in 2012, Paxos is uniquely positioned to mobilize and custody assets digitally. Moreover, the company undergoes independent third-party evaluations by the global leading auditor – Withum to ensure best security practices. image via BitMart

The Untold Story of Initial Coin Offerings

A recent Study: IcoRating: A Deep-Learning System for Scam ICO Identificatio, has been carried out to address a growing trend that is affecting cryptocurrency. Investors are looking to capitalise on all the benefits and gains that these have to offer, but in the same breadth, they are taking advantage of eager investors. Here is some background on exactly what is happening. There are hundreds of cryptocurrencies that are becoming available on the market today, and they are changing the financial landscape. This may come down to the success that the earlier Cryptocurrencies have experienced, especially Bitcoin. Early investors have made massive profits and those who have joined the bandwagon along the way are continuing to benefit. Before a cryptocurrency is available to all on the open market, there are some that go through an ICO, which is also known as an Initial Coin Offering. This enables early investors to purchase...

Global: Wasabi: Privacy Focused Bitcoin Wallet for Desktop

A few days ago I gave a talk at the Building on Bitcoin conference, where I unveiled Wasabi Wallet that will bring Bitcoin Privacy to a new level. If you are already familiar with my work, Wasabi is HiddenWallet rebranded and rewritten from scratch with some new features. (I explained in the talk why it was needed.) image via Shutterstock

Regulation

Russia: Russian Pension Fund Plans to Use Blockchain-Technology

The Russian pension fund plans to use blockchain-technology to track information of employment contracts between employers and employees. With the help of new technology, the organization can reduce its expenses for storage and maintenance of a large volume of data. For this purpose, proposals are being prepared to unite all information systems of the fund into a single digital platform. The innovation is to conduct optimization works within the fund with the help of blockchain-technology, which allows creating smart contracts, according to which data made by participants can be checked in automated mode in the pension system. (Russia) image via Shutterstock

Global: Ripple Commits $100M To Focus On Education And Financial Inclusion

The Ripple company has gone beyond technology to launch Ripple for Good which is a corporate social impact program that will support mission driven organizations that are focused on education and increasing global financial inclusion primarily to the unbanked. image via Shutterstock

US: BitPay Becomes New York’s First Standalone Crypto Payment Processor

Cryptocurrency payment processor BitPay has become the eighth firm to receive a “BitLicense” from the New York Department of Financial Services (NYDFS), which oversees what is arguably the most-restrictive state-level framework for the U.S. cryptocurrency industry. The NYDFS announced on Monday that it had approved the Atlanta-based BitPay’s application, following a “comprehensive review” of the firm’s anti-money laundering, anti-fraud, capitalization, consumer protection, and cybersecurity policies. image via Shutterstock

China: China's State Council Orders Faster Blockchain Development

China's State Council, the country's central administrative branch of government, has sent its highest-level order demanding that local authorities speed up blockchain technology development, it was revealed on Thursday. (Chinese) image via BCFocus

TECHNOLOGY

UK: Govt. Researches Use of Blockchain Smart Contracts In Law

The UK Law Commission is in the process of codifying the use of smart contracts into British law as part of an ongoing effort to update British law and make it relevant to of the challenges of modern technology. This was revealed in the Commission’s 52nd annual report covering the period from April 1, 2017 to March 31, 2018. According to the report, a proposal to create an effective legal framework for smart contracts under UK law was part of the Commission’s Thirteenth Programme of Law Reform. image via Shutterstock

Japan:LINE Announced New Blockchain Project “LINE Token Economy

LINE announced the new "LINE Token Economy" project using blockchain technology at the LINE CONFERENCE held on June 28. The development can be roughly divided into three steps: "Unblock", "Unchain" and "Blockchain lab". They first use the blockchain technology to make plans in the "Unblock" department and then execute them using "Unchain". At last, the "Blockchain lab" promotes the technological progress further. (Japanese) image via Shutterstock

US: American Express Explores Blockchain to Protect User Identity

Tereasa Kastel, American Express Vice President of Technology spoke at the Oktane 18 conference in Las Vegas about the various ways in which American Express is examining the use of blockchain as reported by Techradar. image via cnbc

North Korea: Mac OS is Add to Cryptocurrency-stealing Malware Attacks

The infamous North Korean Lazarus cyber crime group has resurfaced with a campaign dubbed AppleJeus designed to steal cryptocurrency. Researchers in Kaspersky Lab’s Global Research and Analysis Team (GReAT) discovered that the group had penetrated the network of a cryptocurrency exchange in Asia. image via Flickr