Bitcoin Competitors Coordinate to Protect the Industry
Coinbase has taken extraordinary measures to reassure its customers. MtGox is dead, insolvent, and lost 6% of all bitcoins in existence, or so the rumor goes. The only thing that is factually known at this time is that MtGox went offline with no announcement, after halting all trading immediately following the leak of this document that details the aforementioned rumors. The good news is that in response to MtGox going offline, an alliance of exchanges has arose to protect the interests of the Bitcoin technology, and jointly announced: In order to re-establish the trust squandered by the....
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The Chamber of Digital Commerce (CDC) has launched the Global Blockchain Forum (GBF), a partnering of the leading trade associations for the blockchain and digital asset industries. The goal is to create industry best practices and international regulatory interoperability. Founding members include CDC, the United Kingdom Digital Currency Association, the Association of Crypto-Currency Enterprises and Startups, Singapore (ACCESS) and the Australian Digital Currency Commerce Association (ADCCA). The CDC website includes a global map dividing the regions of the globe into four sectors:....
Mainstream media outlets are beginning to advance the idea that Ethereum and Bitcoin are traditional competitors. This notion does not make much sense. Ethereum and Bitcoin are two different expressions of a similar notion, with important differences that ultimately make them fundamentally different. While it is true both have great uses for online gambling, especially where it’s illegal, calling them competitors might be akin to calling fiat currencies competitors. While in a way they are, they are much more symbiotic in today’s political economy than competitors generally are considered....
NATO has announced that now cyber-attacks would trigger a collective response from all its members is drawing criticism from the security sphere. NATO Respons to ‘Changing Tactics’. The news was shared by NATO secretary general Jens Stoltenberg at a meeting last week. In response to “changing tactics” in the combat sphere, Infosecurity Magazine reports,....
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting Its Competitors to Conduct the Research According to the Busan.com news outlet, the bank researches how these financial institutions deal with the crypto exchanges amid the forthcoming regulation. As the banks provide fiat services to the crypto businesses, the legislation set to promulgate on....