Latest Evants News

The Simplecoin , which is a cryptocurrency Mining Platforms , focuses on accessibility and will be shutting down in the new year . The single currency is a cryptocurrency Mining Platforms that is focused on convenience . If sources are to be believed , then it will be shutting down in the new year. This happened due to the  European Union impl ementation of Anti Money Laundering directive. Additionally, it will force the Simplecoin to adhere to the new know your customer (KYC) policy. It is an anti- money policy tha t is to comply with the legislature that stands against what Simplecoin believes in.   Shutting down of Simplecoin   According to the sources, the Simplecoin will be shut down during J anuary 1st, 2020 . This happened due to the European Union fina l regulation that is for a new Anti-money directive. It will force Simplecoin to adhere with the new KYC and anti-money policies. Moreover, this platform is based in the Net...

Haruhiko Kuroda, the governor of Bank of Japan, said that there was no public demand for a central bank digital currency (CBDC) in the country. Kuroda made this claim on 4th December during the 35th anniversary of the Center for Financial Industry Information Systems during his speech. He also highlighted the challenges that CBDCs and private global   stable coins  pose to the current banking system. He ended his speech by saying that Japan doesn’t need a CBDC currently. Increasing Cash Outstanding The governor emphasized that the cash outstanding was increasing rapidly in Japan. He said that this indicated that there wasn’t a significant demand for CBDC amongst the public . He, however, insisted that the Bank of Japan was conducting legal and technical research on the matter. The purpose of this exercise was to stay prepared whenever the need for CBDC 13 arises in the future. He further asserted the need for the bank to analyze the impact that CBDCs have o...

Major US crypto exchange Bitfinex has partnered with Bitrefill toallow platform clients to shop via Bitcoin on the Lightning Network. A December 4 press release wrote that Bitfinex users will be able to make instant payments for a variety of services; using Bitcoin on their exchange wallets. A Lightning B2B settlement system According to the press release, both companies attributed the development of the service as th e world's first of its kind dynamic B2B settlement process  using the Lightning Network . Meanwhile, the announcement builds on top of recent Bitfinex news of enabling bitcoin lightning transactions ;  plus almost negligible fees for users using the service for deposits and withdrawals.  Bitfinex demonstrated that setting up a system as the Bitcoin payment integration with lightning network, involved a lot of tinkering :  “Bitfinex and Bitrefill ut ilize customized versions of Lightning to open large channels t...

Ethereum developers  proposed  a hard fork dubbed Muir Glacier , which most community members believe coul d cause significant slowdown on the Ethereum network. Nevertheless, the hard fork is designed to address the challenges of the loom ing Ice Age . J ames Hancock , an Ethereum developer suggested in an Ethereum Improvement Proposal for November, that Muir Glacier would push back the Ice Age mechanism. Ice Age is unnecessarily complicated and confusing Ethereum’s Ice Age which i s also popularly known as the Difficulty Bomb, describes the increasing hashing difficulty in the mining algorithm. The mining algorithm is the scheme that the main net uses to reward miners with Ether on the blockchain . In general, the piece of code will artificially slow down production of blocks on t he Ethereum blockchain ; and as a result, determining functions for miners who would want to continue with the Proof of Work (PoW)-;   Even after Ethereum has transitioned t...

The International Digital Assets Exchange (IDAX) has today  confirmed the reports of CEO going missing after days of uncertainty. As a result, the exchange has informed users that it has restricted access to their cold wallets . The exchange stated that its CEO went “ missing with unknown cause” since 24 November. Additionally, the announcement claimed that IDAX Global staff have made no contact with the CEO since the aforementioned date; the date when IDAX reported congestion on its withdrawal channel . However, that announcement was addressing the withdrawal congestion. Interestingly , on the same date, Nov24, the Chinese exchange announced it will not be offering its services to users in China. This came after the PBoC issued a notice that several  exchanges  were being shut down in the country. IDAX Drawing Emergency Plan Moreover, in today’s announcemen t the exchange claims that it will set up an emergency plan for its services. How...

CNBC’s Power Lunch interviewed Bitcoin Cash proponent Roger Ver on his perspective concerning the recent bearish market and where he believes Bitcoin Cash is heading. The early Bitcoin investor used the platform to lay an insanely bold claim on BCH potential. Cryptocurrencies Are Here To Stay Meanwhile, Roger in response to the third week of cryptomarkets bloodbath. Suggested that :  “ Both bitcoin and BCH are up about double in the last year, and they’re up a couple of thousand percent over the last five years.”  However, he claimed that this only holds true for Bitcoin. While Bitcoin Cash on the other hand began shedding half of its price value back in August 2017. Nonetheless, Roger has a firm belief that the digital currency space is here to stay; regardless of the recent crypto market slump.  Bitcoin Cash Could Shoot Up 1000x Since Bitcoin Cash surged to a record $3,900 level in 2017, it has been struggling to remain ...

A Canadian Investment f irm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund. T he firm announced that it had filed a preliminary prospectus for a close-end Bitcoin fund; that it anticipates to unveil through the Toronto Stock Exchange later in the year . Fred Pye, the Chief Executive of the firm wrote :  : “We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fin-tech space, will join the syndicate group.” The Canadian investment funds manager revealed that they filed the Bitcoin fund prospectus regards to an Initial Public offering of both Class A and Class F units each at $10. Pye, a former senior vice president of Fidelity Investments -Canada; highlighted that retail investors have been s...

CNBC’s Power Lunch interviewed Bitcoin Cash proponent Roger Ver on his perspective concerning the recent bearish market and where he believes Bitcoin Cash is heading . The early Bitcoin investor used the platform to lay an insanely bold claim on BCH potential. Cryptocurrencies Are Here To Stay Meanwhile, Roger in response to the third week of a cryptomarkets bloodbath. Suggested that:  “Both bitcoin and BCH are up about double in the last year, and they’re up a couple of thousand percent over the last five years.”  However, he claimed that t his only ho lds true for Bitcoin. While Bitcoin Cash, on the other hand, began shedding half of its price value back in August 2017. Nonetheless , Roger has a firm belief that the digital currency space is here to stay; regardless of the recent crypto market slump.  Bitcoin Cash Could Shoot Up 1000x Since Bitcoin Cash surged to a record $3,900 level in 2017, it has been struggling to remain afloat. Espe...

Blockchain Data platform Chainbeat has announced that it has integrated RSK , which is the first-ever open-network smart contract operated by the Bitcoin source network into its system. The real-tim e analytics service provider for blockchain smart contracts, Chainbeat is offering analytical services to b lockchain data insights that will help to understand the usage and characteristics metrics for smart contracts issuance. The ne w integration s; the RSK and RIF platforms are designed to create a framework structure for web 3.0 infrastructure, while the major platform, Chainbeat offers real-time usage and characteristics metrics that will aid adoption drive and the development of web 3.0 apps. RSK To Improve Several Aspects Of Chainbeat Ecosystem With Its Integration The partnership will see every of the deployed smart contracts in the RSK network have access every of the advanced analytics and insights features being provided by  Chainbeat platform ...

Swiss crypto-focused bank, SEBA Crypto AG announced the launch of an index for digital assets alongside its investment solutions on November 27. The new index dubbed Seba Crypto Asset Select Index (SEBAX); is a dynamic, risk- optimized index with a broad market exposure of the crypto-investment market, according to SEBA. The company has partnered with the major European index administrator MV Index Solutions, to launch the index. Bringing banking services to crypto companies Moreover, SEBA obtained a banking and securities dealers’ license from the Swiss Financial Market Supervisory Authority (FINMA) back in August. The bank can legally offer digital asset-based investment instruments to institutional clients . Together with Signum, it became the first crypto company of the kind; to receive a license from FINMA. Earlier this month, the SEBA  Introduced its banking services in Switzerland for banks, asset managers, pension funds , companies, and professional private in...