FATF Starts Checking How Well Countries Implement Crypto Standards

The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized. Also read: Where US Regulators Stand on Cryptocurrency FATF[…]

Bitcoin.com Acquires Blockchain Software Startup O3 Labs

JAPAN, TOKYO, October 21, 2019 — Bitcoin.com has announced the acquisition of blockchain startup O3 Labs, the Tokyo-based software company that specializes in developing gateways to the digital economy. The deal will see O3 absorbed into Bitcoin.com, forming a single team dedicated to creating tools for realizing the full potential of the Bitcoin Cash network.[…]

Russia Blocks 2 Crypto News Websites

Russian authorities have restricted access to a couple of cryptocurrency news outlets. The formal reasons for the censorship move are different in each case but the end result is the same. In both, regulators have acted on the basis of a law that empowers them to block online sources of information that have been banned[…]

CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder[…]

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically[…]

Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto

Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of[…]

Smart Contract Blockchains Are Struggling to Scale

Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems,[…]