ITIF Releases Guide to Regulating Blockchain for Policymakers

The Information Technology & Innovation Foundation (ITIF) released recommendations for policymakers on how to regulate blockchain technology on April 30.

Founded in 2006, ITIF is an independent nonprofit institute that provides policymakers with information, analysis and recommendations for handling new technology. In its new guide, ITIF included an array of proposals for policymakers to better regulate blockchain based on principles like technology neutrality and public-sector adoption.

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Number of Infected Electrum Bitcoin Wallets Reaches 152,000

The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29.

Malwarebytes discovered that the number of infected machines in the botnet has amounted to as high as 152,000,

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Top 5 Crypto Performers: BTC, XEM, BSV, ETH, BNB

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data provided by HitBTC exchange.

Altcoins led the rally this week from the lows with bitcoin (BTC) lagging behind.

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The Burst of the Bitcoin Bubble: An Autopsy

Marcello Minenna is the director of the quantitative analysis and financial innovation unit in Consob (Italian Companies and Exchange Commission), —Italian government’s authority responsible for regulating the Italian securities market — as well as an adjunct professor of stochastic finance at the London Graduate School of Mathematical Finance and at Luigi Bocconi University of Milan.

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Chinese Government Supports Development of ‘Blockchain City’ in Malaysia

The Chinese government is purportedly supporting the construction of a “blockchain  city” in the critical shipping lane of the Malaysian Malacca Strait. The development was announced in a press release shared with Cointelegraph on April 26.

Construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have jointly launched the Chinese government-backed project aimed at the development of the city of Malacca into a blockchain city called Melaka Straits city.

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Report: India Considers Complete Ban on Digital Currencies

A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25.

An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019″

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Binance Singapore Launches But Offers Just One Trading Pair, Report

Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features.

Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange.

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BlockFi Now Has Over $53 Million in Client Crypto Under Management

BlockFi crypto wealth management and lending company now has over $53 million in client crypto assets under management. BlockFi announced the update in a blog post on April 23.

In the announcement, BlockFi also states that it will implement some policy changes starting from May 1, 2019. Specifically, the company says that the minimum deposit to earn interest has been lowered.

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China’s First Blockchain-Enabled Notary Opens Office in Beijing

China’s first blockchain-enabled notary has opened offices in Beijing, local media People reported on April 19.

Per the report, the service opened last Friday at the Beijing CITIC Notary Office. The head of the office reportedly stated that the development marks the beginning of the blockchain notary service era.

During the launch event,

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Hodler’s Digest, April 15–21: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger

In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused of wilfully violating money transmission laws as a peer-to-peer virtual currency exchanger. The department noted that the move marks its first such enforcement action,

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Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV

Bitcoin SV (BSV) — the altcoin that emerged during the bitcoin cash (BCH) hard fork last November and which took the moniker “Satoshi’s vision” — has been on the periphery of crypto news this week. BSV is famously backed by Craig Wright, an Australian entrepreneur, chief scientist at his startup called nChain and self-proclaimed Satoshi Nakamoto.

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FPT Corporation and SBI Holdings Invest $3 Million in Vietnamese Blockchain Project

Technology company FPT Corporation and financial services firm SBI Holdings Inc have jointly invested $3 million in Vietnamese blockchain startup Utop, local English language daily news outlet Viet Nam News reported on April 19.

FPT Corporation and SBI Holdings Inc have reportedly signed a memorandum of understanding (MoU) to invest $3 million in joint venture Utop,

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Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says

Donald Tapscott, executive chairman of the Blockchain Research Institute,  stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17.

In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China,

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Reuters: Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.

Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.

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Crypto Markets Report Modest Gains, Gold Sees Slight Losses

Tuesday, April 16 — cryptocurrency markets have registered moderate gains over the past 24 hours, with only Bitcoin SV (BSV) trading in the red among all top 20 coins by market capitalization, according to Cointelegraph’s Coin360.

Market visualization from Coin360

The leading digital currency bitcoin (BTC) started the day around $5,054,

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Swisscom Blockchain AG Onboards New Chief Executive Officer

Blockchain-focused company Swisscom Blockchain AG has onboarded Ethereum (ETH) engineer Lukas Hohl as its new chief executive officer, Cointelegraph auf Deutsch reported on April 15.

Hohl, who previously served at various IT and finance companies, including Blockchain’s parent company Swisscom, business consulting firm BearingPoint, consultancy group Sofgen, and management consulting company Synpulse,

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Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project

According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper,

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Young Africa Looks to Crypto for Payment

Data from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data may indicate a high level of interest among the city’s approximately 21 million people, it has yet to equate to tangible adoption of the emerging trend of technology.

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Blockchain Use in Finance Still Faces Major Challenges: Chinese Researcher

The use of blockchain technology in the financial sector still face many challenges according to a major Chinese researcher, local news agency Sohu reports on April 12.

Wei Kai, head of blockchain research at the China Academy of Information and Communications Technology (CAICT), described roadblocks to the technology’s further adoption at a 2019 meeting of the International Chamber of Commerce (ICC) Banking Commission.

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San Francisco-Based Thor Token Project Shuts Down

San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.

Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales,

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Bitcoin Approaches $5,300 as US Stocks See Growth

Wednesday, April 10 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day by press time, as Bitcoin (BTC) approaches the $5,300 mark.

Market visualization courtesy of Coin360

Bitcoin’s price is up just over one percent on the day, trading at around $5,272 by press time,

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US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws

Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security.

The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D),

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NYT Reporter: Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8.

Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos:

“Given that one of the big allures of blockchain projects is the decentralization,

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Tron’s Justin Sun Hints at ‘Official’ Collaboration With Ethereum This Year

Tron (TRX) founder and CEO Justin Sun claimed that he thinks the Tron ecosystem will “officially collaborate” with Ethereum (ETH) this year. Sun made his comments during an interview on The Crypto Chick podcast on April 6.

More precisely, Sun said that he thinks “even within this year we will see Tron even collaborate,

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Top 5 Crypto Performers Overview: BCH, LTC, DASH, NEO, XEM

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The surge in Bitcoin on April 2 pulled most altcoins northwards.

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