Having struggled to find acceptance above the $500 billion mark, the total value of all cryptocurrencies is set to end the week at a moderate loss. The figure hit a low of $422 billion Friday as bitcoin, the world’s largest cryptocurrency by market capitalization, fell to an eight-day low of $9,593. Meanwhile, the total market […]

Cryptocurrencies

The governments of Turkey and Iran are both considering developing their own government-backed digital currencies, following on the heels of the Feb. 20 pre-sale of Venezuela’s national oil-backed Petro coin. Feb. 21, a day after the Petro’s launch, Iran’s Ministry of Information and Communications Technology (ICT) tweeted that Iran’s Post Bank is working on releasing a […]

Bitcoin Regulation

The “world computer” is ensnared again in a heated debate. Sparked by a controversial code proposal called EIP 867, ethereum’s development forums have become something of a battleground, crowded with bitter commentary, snide pull-requests and coordinated attempts to erase the idea from the platform’s repository. For those unfamiliar, the conflict surrounds an effort to make it easier […]

Ethereum

The US Securities and Exchange Commission (SEC) investor’s website published a light-hearted notice this week to all investors considering buying the “latest new cryptocurrency or token.” Lori Schock, the Director of the SEC’s Office of Investor Education and Advocacy, wrote an informal post aimed at the everyday retail crypto investor, beginning with an anecdote from […]

Bitcoin Regulation

A number of worldwide multinational telecoms firms have joined the Carrier Blockchain Study Group (CBSG) to advance efforts in applying blockchain technology within the industry. According to today’s announcement by Japan’s SoftBank, the study group will see United Arab Emirates’ telco Etisalat, Spain’s Telefonica and Philippine’s PLDT as new members. In addition, two firms from South Korea […]

Business News

The Tezos blockchain project may finally get underway after two board members of the Tezos Foundation, including its founder and president Johann Gevers, voluntarily stepped down and were replaced by Tezos community members, according to a press release published Feb. 22. Newly appointed Ryan Jesperson and Michel Mauny join Lars Haussmann, appointed to the board […]

Blockchain

Bank of China, one of the four largest state-owned commercial banks in the country, has filed a patent application for a process it says is better able to scale blockchain systems. According to a document released on Feb. 23 by China’s State Intellectual Property Office (SIPO), the application was first submitted on Sept. 28 last year […]

Bank of China

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Tips

Bitcoin is witnessing a minor corrective rally today, but the bulls may have a tough time regaining control, the technical charts suggest. CoinDesk’s Bitcoin Price Index (BPI) fell to $9,592.96 at 01:59 UTC – the lowest level for one week. As of writing, the BPI is seen a little higher at $10,090. It is worth noting […]

Bitcoin