Startup Aims to Bring Blockchain To 200,000 Developers And 1 Bln Gadgets

A Singapore-based company Egretia is aiming to combine HTML5 – a technology to structure and present content online – with blockchain to create the world’s first HTML5 blockchain engine and platform. The new technology could increase blockchain apps popularity, Egretia team believes. New hardware upgrades and rapid development of the Internet were needed to prepare HTML5 for a mass adoption. Now, when roadblocks as performance and traffic have been eliminated, the technology is widely used in games, marketing, video, media, and other industries. Using the power of mobile social networking,…

Bitfinex Requires Customer Tax Info which it ‘May Exchange’ with Gov’t, Tax Authorities

Cryptocurrency trading platform Bitfinex has recently distributed a letter to certain users,  saying that they are required to disclose their tax information, which the exchange may share with the government, according to a statement from the exchange on Twitter May 17. We have not sent this message to all users. We have deliberately targeted users that we believe have an obligation to self-disclose. If a user has _not_ received a message from us, she need _not_ self-certify anything to us at this time. — Bitfinex (@bitfinex) May 17, 2018 The…

Federal Reserve President Predicts Complete Crash

The cryptocurrency market hasn’t gained momentum despite several underlying developments in the last two months. Bitcoin and the rest of the virtual currencies lost the majority of gains that they achieved at the beginning of the month, pulling out almost $90 billion from the total cryptocurrency market capitalization in the last two weeks. Although the New York consensus conference couldn’t help bulls create a substantial rally, St. Louis Federal Reserve President James Bullard’s remarks have raised several questions over the future of cryptocurrency markets. Source Image: coinmarketcap.com The cryptocurrency market pulled back…

Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation

Due to the recent crypto crackdown in China, Chinese ASIC chip manufacturer Bitmain is turning to artificial intelligence (AI) as an alternate revenue source, Bloomberg reports today, May 17. China’s crypto regulations have included an initial coin offering (ICO) ban in the fall of last year, this January’s ban on “exchange-like services,” and the February ban on foreign crypto exchanges. Bitmain manufactures the processing chips and miners that mine for a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and altcoin Monero; although the release of the Monero-mining Antminer at…

JPMorgan Creates and Fills New Position of Head of Crypto Assets Strategy

Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17. London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchain development, Umar Farooq. Harris will also lead JPMorgan’s internal blockchain project Quorum, which began testing by JP Morgan Chase and the National Bank of Canada last month. According to Business Insider, Harris will be identifying and leading new crypto projects for the bank, rather than actively…

Tel-Aviv Stock Exchange Turns to Blockchain for New Lending Platform

The Tel Aviv Stock Exchange (TASE) is teaming up with Accenture and The Floor, an Israeli fintech hub, to build a blockchain securities lending (BSL) platform aimed to allow direct lending of all financial instruments. The BSL will act as a “one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter time-frames, even operating in shorter-term positions,” a press release states. With the use of distributed ledger technology from blockchain consortium Hyperledger, the platform is designed to reduce costs, increase security and provide more flexible lending…

Consensus 2018 Highlights | Find Out What You Missed in NYC This Week

Consensus 2018 has come to an end. Instead of feeling upset, now is the time to reflect on all the news that various organizations announced. So, without further adieu, here are some Consensus 2018 highlights. Consensus 2018 Highlights Regulation at Consensus 2018 Regulation and the crypto industry go hand in hand. Therefore, it wasn’t a surprise that crypto regulation was discussed at Consensus 2018 and NYC Blockchain Week. During a panel, it was announced that while United States regulators are continuing to look into virtual currencies and ICO’s, there is…

‘Big Short’ Investor Steve Eisman On Bitcoin And Crypto | CNBC

Steve Eisman, Neuberger Berman portfolio manager, speaks with CNBC’s “Squawk Box” about bitcoin and blockchain, and whether he’d short digital currencies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…

Chicken Farms And New York

In the US, China, and South Korea, many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were arrested for illicitly utilizing cheap electricity to produce cryptos. Chicken farm in South Korea In South Korea, places such as chicken farms and factories in development restricted areas are provided with electricity at cheaper rates by the government to help struggling industries and support innovative technology-focused initiatives. The government is stricter with the usage of electricity in…

First New-York Based Crypto Trading Company Receives BitLicense

Genesis Global Trading, a subsidiary of the Digital Currency Group, has been granted a BitLicense from the New York Department of Financial Services (DFS), according to a press release published on PR Newswire today, May 17. After the BitLicense became required for all New York crypto trading firms in August of 2015, a wave of crypto companies left the state, either unable or unwilling to comply with the stringent new regulatory requirements. Genesis, which is the first New York-based trading firm to now operate with a BitLicense and the fifth…