Japanese Cryptocurrency Exchange Zaif to Resume Activity Seven Months After Hack

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan reported on the developments on April 20. Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) were stolen from the exchange in a hackin September last…

Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy requires all users to…

Swiss Federal Council Initiates Blockchain Law Consultation Period

The Swiss Federal Council has started its consultation period on the adaptation of federal law for blockchain development, according to an official press release published on March 22. By initiating the consultation, the Federal Council intends to improve legal certainty over blockchain applications in order to build a basis for regulatory framework for the industry in Switzerland, particularly in the financial sector. According…

LOOM Price Analysis: Scalable Dapp solution expands outlook

The Loom network has delivered a viable Ethereum scaling solution and created fundamental value for its native LOOM-token – which has enjoyed a period of strong price performance recently following the release of a series of new interoperability solutions. The Loom network is a next generation blockchain platform designed to allow for large scale applications…

North Korean Dissidents Sell Ethereum-Based Post-Liberation Visas

North Korean political dissident group Cheollima Civil Defence (CCD) is selling Ethereum-based (ETH) visas for entering the country once it is supposedly liberated. The CCD’s website advertises a “Limited issuance of 200,000 anonymous blockchain visas to visit Free Joseon (previously North Korea) upon liberation” Free Joseon is seemingly a reference to the Joseon Kingdom, a five century long dynasty that was…

More exchanges implementing market surveillance tools

The message from the SEC about what it needs to see before approving a Bitcoin ETF has been consistent. It wants markets that are manipulation resistant – either because the product itself is inherently resistant (Bitcoin isn’t), or because the exchanges make it so. Gradually the message is getting through. A Bitcoin ETF was first…

The end of Bitcoin?

2014.03.06 Last week, one of the largest Bitcoin exchanges in the internet, Mt. Gox, announced that it was filing for bankruptcy. A week before that, it had been a repository for over $400 million worth of the digital currency, and now it was down to nothing. Mt. Gox blamed a ‘hacking’ attack for the loss…