Ethereum Classic (ETC), the smaller spinoff of Ethereum, is still reeling from the 51% attack that was carried out on its blockchain, resulting in the theft of more than $1 million in ETC tokens and an almost 10% erosion of the cryptocurrency’s value. Continue reading Decentralized Crypto Networks ‘Must be Susceptible to 51% Attacks’: Litecoin Creator Charlie Lee
Online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock — which has a blockchain business division — said the move is part of its ongoing efforts to promote cryptocurrency use. Continue reading Overstock Will Be First Major Company to Pay State Taxes in Bitcoin
HitBTC are apparently not the only ones who are “failing” the Proof of Keys event today. The event is intended to prove the Bitoin solvency of each exchange. Every user is encouraged to withdraw all Bitcoin to private keys that they control. However, according to Trace Mayer and the Proof of Keys’ event’s official page, in addition to HitBTC, several exchanges had issues leading up to or on the day of the event (today). Continue reading Several Exchanges Said to Be “Failing” Bitcoin Ownership Event
Bakkt‘s Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency’s regulatory framework. A couple of areas that stood out are the exemptions for the exchange to keep customer’s bitcoins, cybersecurity issues that could crop up and the financial liability, in the event of a hack. Once the CFTC decides to approve the project, the public has 30 days to weigh in with comments. Continue reading Bakkt’s Futures Contract Is Set to Be Launched
STO: Security Token Offering
Security token offering (STO) is a fundraising tool similar to an ICO, but with certain regulations that hold the token issuers accountable for their actions.
The relatively quick success of ICOs has established them as a viable method of crowdfunding. While ICOs have helped a lot of startups raise a great deal of money, the fundraising method also paved way for a variety of scams as there were little or no regulations involved. Continue reading Will 2019 be the year of the STO?