Tag Archives: Ethereum

Does Russia’s Investment Guarantee System Vest Too Much Power on Investors?

By David Drake A Russian network of banks, associations and blockchain platforms is set to develop a system for guaranteeing the safety of investments made in initial coin offerings (ICOs). Once in place, the system will enable investors to monitor implementation of the ICO projects they finance. Via a voting procedure, the system referred to as ICO-hub will give investors […]

Why ICOs Find Russia’s ICO-Hub System Unfavorable

By David Drake Russia is set to develop a system to guarantee investments in initial coin offerings (ICOs). Development of the guarantee system, commonly referred to as the ICO-hub, is being undertaken by a Bank called Globex, a platform called CrowdHub, RACIB – the Russian Association of Cryptocurrency and Blockchain, a subsidiary of Vnesheconombank (VEB), bank owned by the state. Once operational, companies seeking […]

Why the UK Government Set Up an Inquiry on Cryptocurrencies

by David Drake During the first two months of 2018, the cryptocurrency market experienced uncertainties that were largely driven by looming government regulations. This had a negative effect on crypto trading, leading to a dip in prices of almost all virtual currencies in the cryptocurrency market. However, on February 22, the UK market got a boost when the Treasury Committee […]

Ripple’s XRP Price Surge Explained

by David Drake The Ripple-Western Union integration trials were announced last February 14th this year. According to Ripple, they have been experimenting with the array of products available at Western Union and are excited about current pilot test of XRapid that utilizes XRP. The announcement came after Ripple’s recent collaborative agreement with banks and firms offering money transfer services. After […]

SEC Suspensions: Why Crypto Companies Need to Conduct Due Diligence

By David Drake On Friday 16, 2018, the Securities and Exchange Commission (SEC) announced that it had halted trading activities of three companies – PDX Partners, Cherubim Investments and Victura Construction Group – for two weeks. The reason for this temporary suspension, according to SEC, is the claim that the companies had been purchasing digital currencies and other blockchain related […]

Self-Regulation: Is It the Way to Go for Industry Players?

by David Drake Governments world over are finding it difficult to regulate the ever-growing crypto industry. Jitters by government regulatory authorities are justified based on the rising number of people flocking the cryptomarket, high price volatility, scams, tax evasion and abatement of criminal transactions. The fact that crypto systems have a life of their own and lack in centralized control […]

What Crypto Regulations Would Really Mean for Governments

by David Drake The head of the International Monetary Fund (IMF), Christine Lagarde, has termed crypto regulations as ‘inevitable’. Speaking on a CNNMoney interview on February 11, 2018, the IMF chief stated that the international organization is concerned with the potential of cryptocurrencies have to finance illegal financial activities. This is not the first time Lagarde has raised concerns regarding […]

Self Regulation: How UK-Based Cryptocurrency Firms are Restoring Integrity in Crypto-Trading

by David Drake Seven large cryptocurrency companies in the UK have united to create a self-regulatory body named CryptoUK. The main objective of CryptoUK is to enhance the integrity of the cryptocurrency industry as well as curb the threat of government regulation by introducing a code-of-conduct. Members of CryptoUK are expected to support appropriate industry regulations introduced in the country, […]

Can the Crypto Market Overcome Slow Adoption to Gain Full Traction?

by David Drake 2018 started on a very slow note for the cryptocurrency market. During the month of January 2018, the market experienced a mass cryptocurrency sell-off due to uncertainties created by impending regulations in China and South Korea. As a result, major cryptocurrencies, including Bitcoin, lost up to 30% of their value. Despite this challenge, the cryptocurrency market is […]

Is Abu Dhabi’s Regulation Beneficial to Both Crypto Investors and Companies?

by David Drake Across the globe, cryptocurrency players have welcomed the announcement made by the government of Abu Dhabi in the United Arab Emirates (UAE) to regulate cryptocurrency exchanges. This isn’t the first time the Abu Dhabi has taken steps toward cryptocurrency regulation. Last year, the country released regulations aimed at guiding the launch of initial coin offerings (ICOs). Cryptocurrency […]