South Korea’s legislative arm of government is pushing for the removal of the country’s ban on domestic initial coin offerings.
CoinDesk
PSA: Official Vertcoin Twitter Account Compromised
Vertcoin’s official Twitter account was hacked earlier today, with the attackers posting tweets attempting to scam users out of their bitcoins.
‘We’re giving away 10 BTC!’
At around 4:00 PM Tuesday, the Vertcoin Twitter page announced a fake Bitcoin giveaway as a celebration of Vertcoin’s success. The tweet asked users to send 0.005 BTC to an address to enter, with the winner to be announced on May 3. This is an all too common crypto-scam on Twitter, with fake accounts impersonating major players in the space announcing fake ETH giveaways with dozens of replies saying it worked. What makes this scam different, however, is that this is the first time hackers managed to take control of a legitimate account in order to perpetrate the scam.
SEC Official Criticizes State of ICO Industry, Open to Regulated Future
United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry.
Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov
SEC Commissioner Expects ICOs Have Legitimate Future
In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs – predicting that initial coin offerings will be conformed to the rubric of existing securities regulations in future.
Announcing World Trade Francs: The Official Ethereum Stablecoin
We have long recognized that in order for cryptocurrency to reach mass adoption, a form of cryptocurrency that has higher price stability than existing cryptocurrencies like BTC and ETH would be needed so that people can use the currency to store funds and engage in commerce without worrying about their monthly salary dropping by 57% between the time they receive it and the time they can use the money to buy products. Unfortunately, we’ve found that the existing stablecoins all have various flaws; Tether is unauditable, Nubits has already once collapsed in price, Seignorage Shares is after three years still just a whitepaper and MakerDAO is an inadequate joke because…. reasons. As a result, we’ve decided to take matters into our own hands, and issue our own officially branded stablecoin, and use this as an opportunity to make another ICO.
India Can’t Regulate Bitcoin Says Official
Indian authorities have been struggling to grasp the crypto phenomenon for quite some time now – years, to be more precise. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. It doesn’t help when someone previously charged with proposing regulations, now says – India just can’t regulate bitcoin.
Also read: Survey: Indians See Brighter Crypto Future than Americans
Blockchain Needs Some Centralization, Says Chinese SEC Official
An official from China’s Securities Regulatory Commission said complete decentralization is not the best way to reap blockchain’s benefits.
CoinDesk
It’s Official: Former LinkedIn Executive Joins Social Challenge Network Provoco
PROVOCO is proud to announce that Dylan Sharkey, LinkedIn’s former Head of Sales Solutions for the Middle East and North Africa, has joined the advisory team and will play a big role in developing monetization strategies, the company’s business plan, and its performance efficiency.
Dylan Sharkey has more than 15 years experience in managing and advising hyper-growth businesses. Moreover, the development and implementation of his strategies for these organizations were instrumental in helping them scale effectively.
Top US Official Tells Cryptocurrency to Regulate Itself
While the US government figures out exactly how to handle Bitcoin and the volatile cryptocurrency market, Brian Quintenz, a commissioner with the Commodity Futures Trading Commission, suggests crypto companies should start regulating themselves.
Regulate Yourself
With the likes of Bitcoin, Ethereum, and others, there are plenty of solid options for savvy investors who do their own research in the cryptocurrency market. On the flip side, however, exists a wealth of fraudulent scams, Ponzi schemes, and incompetent projects — regularly making off with inexperienced investors’ hard-earned cash.
Chinese Official: New Regulations for 2018 May End ICO Ban
China’s People’s University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018.
Sorting ‘Good’ From ‘Bad’ ICOs
Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.
China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.
September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.
Ukraine Is Creating Official Group for Cryptocurrency Regulation
The Ukranian government is planning to form a group that will oversee regulatory measures for cryptocurrencies and cryptocurrency exchanges.
Regulating Cryptocurrencies
As cryptocurrencies are becoming more popular and widespread, many governments worldwide are introducing regulatory frameworks for digital currencies and exchanges. In 2017 the whole cryptocurrency market experienced an explosive growth rate which drew a lot of attention from governments and financial institutions.