Global Blockchain Adoption Still Low, Gartner Survey Finds

Join our community of 10 000 traders on Hacked.com for just $39 per month. Adoption and interest in blockchain technology by global information company information officers is low, says Gartner in its 2018 CIO Survey, although executives from telecom, insurance and financial services have shown keenness in planning to adopt the decentralized technology. Although financial services and insurance companies have been front-runners to blockchain activity across the world, Gartner said the transportation, government, and utilities sectors are now becoming more engaged due to the heavy focus on process efficiency, supply…

Top Crypto News | April 30 to May 4

The first week of May is over, and what a week it was. There is a lot to reflect on, especially with everything that went on in the crypto space. So, without further adieu, here is this weeks top crypto news.  This Week’s Top Crypto News  April 30 – May 1  On both Monday and Tuesday, coins in the crypto markets were in both the green and the red. On April 30, both BitShares (BTS) and Lisk (LSK) were up. On May 1, all of the top-ten coins were in…

Thailand Targets New Crypto Taxes While Others Move to Ease Burdens

An increasing number of countries are looking at the cryptocurrency space, with three national governments launching efforts to regulate and examine projects in the last two weeks. – with a particular focus on tax policy. As might be expected, some jurisdictions – especially in the Asian market – have moved to clarify the rules that crypto-traders must follow when reporting their gains or losses. And while some of those are in the earliest stages, the developments suggest that government officials want to clear the air of any doubt that may…

Crypto Scams | Richard Branson Speaks Out about Bitcoin Scam Stories

Crypto scams are a known problem within the crypto space. People are trying to get a hold on the issue, but a guaranteed solution has yet to be discovered. Now, influential leaders around the globe are speaking out. Specifically, about the crypto scams using their face and names.  The latest to do so is Richard Branson.  Richard Branson Addresses Crypto Scams On Thursday, Richard Branson discussed the numerous bitcoin scam stories he has seen lure victims into its trap. He’s had enough of it. According to the British business mogul, he…

Cryptocurrencies Are ‘Highly Speculative Investment Vehicles’

UBS chairman Axel Weber has stated that Switzerland’s largest bank will not offer its customers trading in Bitcoin and other cryptocurrencies, reported Cointelegraph auf Deutsch May 3.  Weber called for stricter controls on cryptocurrencies, stating “[t]hey [cryptocurrencies] are often not transparent and, therefore, open to being abused,” in a speech in Basel Messe, Switzerland. According to the chairman, virtual currencies are at best “highly speculative investment vehicles,” and at worst they “facilitate the financing of terror, money laundering, and other criminal activities.” In his view, cryptocurrencies do not have the…

Swiss Start-Up Launches Pilot Sale Of BTC ‘Banknotes’

Tangem, a start-up operating from Switzerland and Singapore, has launched a pilot sale of physical notes of Bitcoin (BTC), according to a press release published May 3. Tangem Notes, described in the press release as “smart banknotes” with a chip developed by Samsung Semiconductor, reportedly allow consumers to physically carry Bitcoin stored in denominations of 0.01 (about $96) and 0.05 BTC (about $482). The first pilot batch, consisting of 10,000 notes, will be shipped from Singapore to potential partners and distributors around the world. According to the press release, the…

Class Action Lawsuit Against Ripple Alleges Sale Of Unregistered Securities

Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws. According to the complaint, the plaintiff, an individual named Ryan Coffey, purchased 650 XRP on Jan. 5 and sold it on Jan. 18 of this year for USDT, which he then exchanged for USD, sustaining…

Venezuelan President Announces Petro-Fuelled Crypto Bank For Youth Initiatives

Venezuelan president Nicolás Maduro announced the launch of a Petro-funded crypto bank to support initiatives from youth and students, Latin American government-sponsored news outlet TeleSur reported yesterday, May 3. During а speech for the Chamba Juvenil Plan, a social program that promotes jobs for youth, Maduro also noted the necessity of universities maintaining their own crypto mining farms to support the national economy. According to the The digital crypto bank will be funded with 20 mln Petros – Venezuela’s government-issued cryptocurrency – which Maduro said is equal to close to…