Presto blockchain startup will challenge the decision of the Financial Services Commission of South Korea (FSC) to ban any form of primary coin offers (ICO). Representatives of the company are confident that the ban is contrary to constitutional norms, reports Sedaily . “As a blockchain start-up, we faced many difficulties due to the ICO ban and the authorities’s inaction in creating a regulatory framework. We want the court to consider the constitutionality of the absence of legislation , ”said Kan Ken-Won, CEO of Presto. Presto believes that the government violated the right of citizens to the freedom of choice of…
Author: BlockchainJournal
The payment giant Mastercard has patented the technology of anonymous cryptocurrency transactions . According to the application filed with the US Patent Office on Thursday, the company developed a technology that allows you to hide the sender and the amount of the transfer during the transaction in the blockchain . Anonymity will be ensured by using intermediate addresses to interact with public addresses of cryptocurrency wallets . In fact, the user's transaction is divided into two parts. When using this technology, users will send and receive cryptocurrency from a limited number of addresses, which, in turn, will be mixed with…
The founder of the Singapore blockchain startups TenX Julian Hosp, probably involved in the activities of the Austrian financial pyramid Lyoness. This is reported by Breaker with reference to the “educational” video from Lyoness, allegedly voiced by the voice of Jospa. [embedded content] Note that the video shows the personal logo of Josp, which allegedly was involved in the pyramid since 2011. The newspaper writes that Lyoness is recognized as an illegal fraudulent scheme by the Swiss Supreme Court, the Austrian Civil Court and the Norwegian Gambling Council, but continues to operate in other countries under the brands Cashback World,…
The market capitalization of Bitcoin Cash in the implementation of Bitcoin ABC has regained its position, overtaking the newly forked Bitcoin SV, which yesterday occupied the 5th place in the CoinMarketCap rating. Bitcoin Cash now occupies the 5th line, and the fork supported by the self-proclaimed Satoshi Nakamoto Craig Wright forks entrenched on the 7th line with a capitalization of $ 1.68 billion. . CoinMarketCap data Over the past 24 hours, the top ten CoinMarketCap, with the exception of Bitcoin SV, shows moderate growth after another round of decline. Headed by the restoration of EOS and Bitcoin Cash. At the…
The hardware wallet team Ledger announced that on December 10, the Chrome application for Ethereum will be deactivated. According to representatives of the French company, when launching the application, users will be “kindly asked to use Ledger Live” to manage Ethereum assets . The company also stressed that since ETH and other cryptoactive assets are stored in blockchain networks , in order to switch from a Chrome application to Ledger Live, it is not necessary to transfer funds. On Monday, 10 December 2018, the Ledger Ethereum Wallet Chrome app will be deactivated. Users are using the Ledger Live app. Learn…
In the traditional Sunday digest, the market has updated the annual minimum, Ethereum has decided on a hard knob, and the complexity of mining Bitcoin has undergone the second largest decline in history. The slaughter continues At the beginning of the week, Bitcoin was trading at $ 4,100 and some traders cherished the hope that they could break through the next resistance levels and continue the upward movement, but then the price of the first cryptocurrency again dropped below $ 4,000 and soon updated the annual minimum. At the same time, the number of short positions on Bitcoin on the…
The current bearish trend is not a reason to turn away from cryptocurrency, and in this article we will tell why. Over the past decade, the cryptocurrency industry has come a long way, but it is not too late to invest in it. Any investment in digital currencies is a symbol of faith in the long-overdue changes in the global financial industry. In addition to the obvious shortcomings, the existing system has long been outdated, and its development has almost stopped. Cryptocurrencies allow anyone to take advantage of the financial system, regardless of location. You are mistaken if you think…
The Israel Revenue Service (ITA) is taking decisive action against tax evaders who hide their earnings from investments in cryptocurrency and trading digital assets. Thus, some residents of the country, who travel frequently and own many real estate properties [of more than three apartments], have already received notification letters, CTech reports. Note that cryptocurrencies in the Israeli jurisdiction are considered as financial assets, and their holders are subject to income tax in the amount of 25-30%. At the same time, cryptocurrency exchanges are forced to pay value-added tax of 17%. Over the past two weeks, ITA has unilaterally opened hundreds…
The current state of the market, which has already been dubbed the “cryptocurrency winter”, causes a considerable number of investors to have two questions: “Who is to blame?” And “What to do?”. As analyst Phillip Nunn noted , if we now see the price of Bitcoin at $ 3,500, you should not complain why it is so low, but you need to think: Will there ever be such a situation in the history of this cryptocurrency that it can be bought for this small money? Crypto enthusiast Bobby Lee, brother of Tom Lee, the founder of Fundstrat Global Advisors, at…
In recent days, "crypto winter" has progressed in the "ice age". For example, the price of Bitcoin fell from an intraday high of $ 3,433 and reached a minimum of $ 3,299. The first cryptocurrency continues to trade in red with a decline of 11.29% over 24 hours. The situation is similar for other top digital assets, the values of Ripple (XRP) and Ethereum (ETH) are also actively decreasing. XRP is trading at $ 0.29. On the other hand, ETH is trading at $ 85, after recovering from a minimum of $ 82.15. Almost the entire cryptocurrency market is colored…