VKontake (a.k.a VK), the Russian Facebook rival, launched its own cryptocurrency. There are numerous flashes and reports about the Russian organization considering to develop its own cryptocurrency. It is still unclear if it is for real, or the social media giant played a prank this April Fools eve
On April 1, 2019, the VKontake came with an announcement of launching a new “Cryptocurrency Mining App”, tapping for the “VK Coin” token on its own platform.
To the contrary, the miners who wanted to mine this cryptocurrency were facing some issues in getting the app to do anything other than generating…
ERC20 stands for Ethereum Request for Comment 20 — a term that refers to a technical standard applicable to the tokens on the Ethereum blockchain. The ICO’s whose tokens don’t confirm this standard (where they should) usually end up being a failure.
It has been a wider known truther that the largest bank in America seeks to rush towards a blockchain revolution. Recently, JPMorgan has been posting numerous blockchain-jobs as compared to any other Wall Street financial firm. With keywords like “cryptocurrency”, “bitcoin”, or “blockchain”, Indeed.com has JPMorgan as the only company out of top 10s posting jobs with such keywords.
Recently, in February 2019, JPM Coin was launched by JPMorgan Chase & Co., as a plan to simplify payments between clients using blockchain. …
South Korea Persists on a Ban
South Korea continues to ban initial coin offerings (ICOs) in the country, the state financial regulator, the Financial Service Commission (FSC) confirmed in a press release on January 30.
Through the results of a survey conducted in September 2018, the body learned that firms carrying out ICOs were making use of foreign jurisdictions, but still raising capital from South Korean nationals.
The nation officially banned ICOs in September 2017 and highlighted the issues associated with the token offering method. Lack of stability and susceptibility to manipulation were the primary reasons to stop citizens from investing in crypto tokens.
South Korea Persists on a Ban
South Korea continues to ban initial coin offerings (ICOs) in the country, the state financial regulator, the Financial Service Commission (FSC) confirmed in a press release on January 30.
Through the results of a survey conducted in September 2018, the body learned that firms carrying out ICOs were making use of foreign jurisdictions, but still raising capital from South Korean nationals.
The nation officially banned ICOs in September 2017 and highlighted the issues associated with the token offering method. Lack of stability and susceptibility to manipulation were the primary reasons to stop citizens from investing in crypto tokens.
It’s 2019 and majority of us are aware what Initial Coin Offerings (ICOs) are. They grew popular in the financial industry the same way Bitcoin gained recognition. 2017 was the year ICOs enjoyed a drastic growth, with more than 1,500 of them raising a total of over $28 billion in the past two years.
It was a promising technique for start-ups and entrepreneurs to crowdfund their products, and a great investment opportunity for people who were willing to support these projects. However, the excitement factor that once surrounded the concept has gradually dissipated.
The brutal crypto bear market, along with…
It’s 2019 and majority of us are aware what Initial Coin Offerings (ICOs) are. They grew popular in the financial industry the same way Bitcoin gained recognition. 2017 was the year ICOs enjoyed a drastic growth, with more than 1,500 of them raising a total of over $28 billion in the past two years.
It was a promising technique for start-ups and entrepreneurs to crowdfund their products, and a great investment opportunity for people who were willing to support these projects. However, the excitement factor that once surrounded the concept has gradually dissipated.
The brutal crypto bear market, along with…
2019 has started with a leap in the cryptocurrency industry. Seeing the same, experts in the cryptocurrency and ICO marketing arena have started to predict the future of this year. They have jot down a couple of trends to look after this year.
Looking at the big picture, the leap from initial days of developing cryptocurrency seems to be on a better track. We did see some bumps on the paths in 2018, with trends getting torn apart in the BTC area.
With 2019 just taking its time to settle, the ‘crypto-gurus’ have made their ways to know and tell…
Many of us are already aware that the SEC of the United States has been actively taking measures to enforce a variety of ‘action settlements.’ However, these measures have not resulted in any positive changes in the global cryptocurrency industry. Many members have gone ahead and called the regulator’s actions an outright violation of the First Amendment.
In response to the unfair implementation of censorship means by the SEC, Washington D.C based Cato Institute along with the Institute for Justice have sued the regulator to prove that the governing body has been indulging in unlawful activities.
The filing reads,
“The…
Many of us are already aware that the SEC of the United States has been actively taking measures to enforce a variety of ‘action settlements.’ However, these measures have not resulted in any positive changes in the global cryptocurrency industry. Many members have gone ahead and called the regulator’s actions an outright violation of the First Amendment.
In response to the unfair implementation of censorship means by the SEC, Washington D.C based Cato Institute along with the Institute for Justice have sued the regulator to prove that the governing body has been indulging in unlawful activities.
The filing reads,
“The…
