Japan is reportedly cracking down hard on crypto exchanges with poor Know Your Customer (KYC) procedures. This move by the Japanese regulator is in response [...] The post Japan Tightens Money Laundering Policies of Crypto Exchanges Ahead of FATF Inspection appeared first on Coingape.
Craig Wright, the employee of the blockchain company nChain, may obtain copyright on the documentation (Whitepaper) of Bitcoin (BTC) cryptocurrency and the source code of the network software. The Copyright Office has received lots of questions about certain Bitcoin registrations, see our response: — US Copyright Office (@CopyrightOffice) 22 мая 2019 г. Wright filed an application with the United States Copyright Office asking it to register him as the creator of two developments published under the pseudonym, Satoshi Nakamoto: peer-to-peer electronic payment system (Bitcoin, Whitepaper concept description); BTC cryptocurrency client version 0.1. On May 22, the United States Copyright Office issued a press release announcing that Wright’s application could be approved. According to representatives of the agency, they do not check the veracity of information about the author in the process of registration of rights, if the product was released under a pseudonym. This requires only verbal confirmation of the applicant, in this case, Craig Wright. Wright told officials that he developed and published the Whitepaper Bitcoin and software under the assumed name Satoshi Nakamoto. The office will not check Craig’s words, however, his authorship may be challenged in court. If it turns out that Wright had misled civil servants, he would be penalized. Read more on the topic: Crypto Story: Who Really Is Satoshi Nakamoto? British businessman Peter McCormack has repeatedly stated that Wright is not real Satoshi. RE: Craig Wright. Sorry for the confusion. I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week. Let’s go get this motherfucker! — Dr. Peter McCormack (@PeterMcCormack) 22 мая 2019 г. Craig decided to file a lawsuit against McCormack, he demands to penalize an entrepreneur and force him to apologize for lying during an open court hearing. By May 24, Peter can settle the dispute on his own, however, the British is determined to fight pseudo-Nakamoto to the end and therefore will go to court. Craig Wright has been proving for over a year that he created Bitcoin. Despite his efforts, many members of the crypto community still do not take his statements seriously. There is an objective reason for this: the BTC documentation was published in 2008, Satoshi Nakamoto carefully concealed his real identity, why did he decide to emerge from the shadows 10 years later? Some people believe that Wright wants to earn money and strengthen the position of Bitcoin SV (BSV) virtual currency, which he strongly supports since its release. We want to remind you: Is the Original Satoshi Nakamoto a Drug Dealer and Money Launderer? Subscribe to The Coin Shark news in Facebook:
Ethereum (ETH) is currently trading around $235 as price declined significantly in the last 24 hours all the way from the top of the descending triangle seen on the 4H chart for ETH/USD. This decline seems to have made the bulls worried even though normally they are more interested in buying the dip. Retail bulls did buy the dip when the price made its first red candle to the downside. It left a long wick down but was soon followed by subsequent red candles that pushed the price deep into red. As of now, the price remains inside a descending triangle and it is unlikely to break below this triangle without a move to the upside first. That being said, this is certainly not the time to be looking for long positions on ETH/USD. The trend has changed to the downside and the price will crash hard once it breaks below this triangle. Those that are not convinced that the bear market is not over yet might still want to realize that ETH/USD has to come down to the bottom of the ascending channel even if it is to begin its next rally from there. In order to do that, it will first have to break below the descending triangle. Considering the manner in which the price has dropped and that we could see the RSI approach oversold levels short term, it would be reasonable to assume that a move to the upside is in the offing. This move may not be very strong and could be more of sluggish sideways movement for a while till the price is ready to fall below the triangle. The bulls might put up a final fight before the bears can assume full control. The trend seems to be on the side of the bears this time and they are likely to capitalize on that. Ethereum (ETH)’s prospects of a successful rally against Bitcoin (BTC) have been fading away more than before. The price is now trading within a descending triangle that is very likely to be broken to the downside. The 4H chart for ETH/BTC shows that the price is struggling to break past the 50 day moving average. Although we could see a short term rally to the top of the descending triangle, it has become quite clear that a crash is around the corner. Once ETH/BTC breaks this support, it will have nothing in its way to stop it from declining all the way down to its yearly low or even lower. The future prospects of Ethereum (ETH) from an investment standpoint remain bleak on multiple fronts. There are a plethora of new blockchain projects that are quickly catching up to do what Ethereum (ETH) does in better ways. Furthermore, investors are still not happy about the way decision making works on the Ethereum blockchain. We might see short term interest in the cryptocurrency as it is still the second largest coin by market cap but long term it is very likely to lose its spot as the second largest coin by market cap. 
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There’s now almost no difference between a pound and a euro, with GBP further falling against the dollar to just $1.26. Footsie is down too -1.12% as Britain heads to...
There’s been a really powerful struggle in the crypto space in order to achieve mainstream adoption of digital assets, and fortunately, things seem to be going better and better. This is one of the most important goals that the crypto community has, and it might not take too long before it’s achieved. Eric Swalwell launches … Continue reading "Blockchain & Crypto Adoption Receives Enhanced Support: 2020 Democratic Presidential candidate, Eric Swalwell Gets On Board" The post Blockchain & Crypto Adoption Receives Enhanced Support: 2020 Democratic Presidential candidate, Eric Swalwell Gets On Board appeared first on Oracle Times.
San Francisco-based blockchain firm Unstoppable Domains raised $4 million in a round backed by Tim Draper to offer domains that cannot be shut down
Earlier this week on May 21st the Ethereum Foundation published its Spring 2019 update and spilt all the details on the planned development for the next coming year. The report mainly focuses on how ETH plans on allocating the $30 million designated for use by the Foundation in further developing the currency. The Foundation further went onto report on the “tremendous progress” being made for the cryptocurrency over the last twelve months and gave a nod to the efforts of developers, entrepreneurs of Ethereum. Despite the growth of competition with rival projects like EOS and TRON, the Foundation also claims Ethereum to be the “de-facto platform for decentralized applications.” Even so, research has shown us that Ethereum’s grip on the dApp marketplace is fading away. Funnily enough, the Foundation has reported a change in attitude towards its mission statement, owing to a refinement in focus. Compared to previous years, the motto “doing what is best for Ethereum” doesn’t mean “trying to do everything for the currency” anymore. No, instead the Foundation claims to be keyed in on affecting change where it can add the most value while leaving the remainder for developers and innovators more in line to deal with issues they are effective in solving. The Foundation claims that its updated role is to now be “a resource allocator, a voice in the ecosystem, and an advocate for Ethereum to the world.” In fact, according to the report, the Ethereum Foundation is in control of 0.6 percent of all ETH, in addition to holding cash reserves. However, the Foundation claims that its resources will go down over time, with the largest valuation being invested into “critical work” across the ETH ecosystem. The Foundation also relays to investors that understand the importance of the capital they command and intend to use it wisely. “It is our responsibility to ensure that every last dollar and wei is spent effectively.” This year’s update will also include an initiative to help the funding for the Ethereum ecosystem’s increase beyond the foundation. They define this as: “Encouraging other organizations besides the Foundation to support high-priority projects, and supporting innovative mechanisms for funding, including Gitcoin grants and MolochDAO. Efforts like these give us better leverage from our existing resources, and help build a sustainable path for funding vital projects far into the future.” So with some cryptocurrency projects, they will usually creep around the problem that is decentralisation. But the Ethereum Foundation claims that it is a benefit to the currency and potential voice of authority. In writing to investors, the Foundation has said: “We understand that many look to the Foundation as a valued voice even as we move to proactively empower others. That voice is a resource that can be used effectively to advance Ethereum. We are able to, for instance, bring attention to important but relatively unknown projects, share valuable information about Ethereum’s progress with the public, and encourage the growth of regional Ethereum communities.” The Foundation went on to say that they are going to be more involved with the Ethereum community in the future saying: “moving forward, expect the Ethereum Foundation to be a more active voice in the Ethereum community.” This year's update shows us an increase for on-boarding developers and improving the developer experience as two potential in-roads for the Ethereum Foundation to tackle over the next 12 months. With the 2.0 update coming soon, things are looking interesting at Ethereum. “Ethereum remains a highly ambitious technical project, and significant resources are required to fund the R&D that will realize the Ethereum community’s ambitions. Critical work is underway across the ecosystem on active engineering projects like ETH 2.0, and on more long-term investments like growing the academic community’s involvement in Ethereum technology.”
Following regulatory approval, Grayscale’s third cryptocurrency trust is about to hit the retail market
The European Central Bank (ECB) has published a report on digital assets. The document states that cryptocurrencies do not pose a threat to the EU economy. According to the staff of the ECB, the security of virtual currencies is due to three main reasons: The market share of virtual currencies in the financial system is relatively small; interaction between the crypto industry and other sectors of the economy is limited; European banks store a small number of assets in virtual currencies. The Central Bank believes that cryptocurrencies do not perform the function of money, because a small number of commercial enterprises accept it as payment. Thus, Bitcoin (BTC) and other coins do not have a significant impact on monetary policy and the economy. The report says that virtual currencies cannot replace fiat currency, because: their turnover is not regulated by the central bank; the asset rate is subject to a high level of volatility; business does not want to sell goods and services for virtual coins. Employees of the ECB are confident that the value of digital assets can be stabilized if they are provided with reserves of the central bank. However, in this case, cryptocurrencies will lose their attractiveness for traders and the volume of trade will decrease significantly. Read more on the topic: EU International Association of Trusted Blockchain Application has Started its Work The bank does not plan to issue its own virtual currency, however, it is ready to study the crypto industry and its potential. In the near future, digital assets will not be integrated into the infrastructure of the European financial market due to the fact that they cannot be used during the conclusion of transactions. Cryptocurrency is not a security issued by a central depositary authority, so it is not suitable for mutual settlements between participants in commercial transactions. This disadvantage can be eliminated if the virtual currency is issued by the ECB, however, this will require additional costs and will not bring any benefits. The European Central Bank’s verdict is as follows: cryptocurrencies are useless for the global financial system and do not threaten the security of the economy due to the low level of capitalization. We want to remind you: SEC to Hold Fintech Forum, Where They Will Discuss The Regulation of Cryptocurrency Subscribe to The Coin Shark news in Facebook:
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