NYDFS Going Soft? Symphony Allowed to Launch Despite Encryption Methods
The New York Department of Financial Services (NYDFS), which has made life for Bitcoin companies difficult with its BitLicense, has gone soft on Symphony, a secure messaging company backed by 15 Wall Street banks. The company has launched its new services after hammering out a deal with the regulatory agency that once threatened to shut down the first real challenge to the Bloomberg Terminal. It appears Symphony is going to give tough competition to Bloomberg, the world’s largest provider of financial information. The people behind Symphony believe that it will evolve into a hub for all....
Related News
February 11, 2016 —The use of encryption whether in messaging applications, using Bitcoin and other methods of privacy-centric technology continues to bother global leaders. Some of these technical advances have given authorities the opinion that they are being kept in the “dark.” Now Government officials in the U.S. are proposing to increase their funding to crack today’s encryption methods and enhance security. The Obama administration’s latest proposal the “Cybersecurity National Action Plan” details that the president believes cybersecurity is a difficult challenge for America. The....
In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad of ideas. The Mischievous Torrent Tracking Website Launches a BSC Token via Pancakeswap It seems The Pirate Bay is utilizing the Binance Smart Chain (BSC) with a new token called piratetoken (TPB). The Pirate Bay is a web portal that hosts an online index....
Spells of Genesis, the highly-anticipated, blockchain-based mobile trading card game, has entered the soft launch phase of its development. The game’s developers, EverdreamSoft, will gather feedback from players during the soft launch to tweak the game going into the full launch. ‘Spells of Genesis’ Second EverdreamSoft Title. The soft launch marks one of the final stages in pre-launch development, which has been ongoing since EverdreamSoft closed their first successful crowdfunding campaign in summer 2015. Spells of Genesis is the second game developed by EverdreamSoft. The first, Moonga,....
Kim Dotcom could takeover the Internet with Bitcoin. Internet Entrepreneur Kim Dotcom was recently interviewed by Max Keiser, and the topic of Bitcoin eventually became the focal point of the discussion. When asked whether or not he was a believer in Bitcoin, Kim stated that the digital currency could become "one of the most important methods of transferring assets over the next decade". Kim Dotcom's MEGA accepted bitcoins as payment on their first day of operation, and it would make sense for the Internet tycoon to make similar choices with his other ventures in the near future. With Kim....
Discussions about encryption are becoming more of a norm than the exception these days, and the situation is only getting direr in certain regions. The Hungarian Parliament is in favour to ban end-to-end encryption in the not-so-distant future. Hungary Takes on End-to-End Encryption. According to local sources, the Hungarian parliament voted on an amendment which prohibits end-to-end encryption in the country. Similar to most other countries in the world taking an aggressive stance on encryption, they label this decision as part of the “ongoing war on terrorism in Hungary”. As a result of....