Wendy McElroy: The Centralization of Crypto and the Banality of Evil

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning of the various actions performed by individuals we must necessarily learn everything about the actions … Read more

331 High-Income Traders Declared Crypto Profits in Japan

The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance … Read more

Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges

This week, a number of companies listed on the Tokyo Stock Exchange revealed their plans to enter the crypto exchange business for the first time. They include one of the most popular budget-managing app operators, an entertainment conglomerate, one of the largest music labels, and a medical corporation. These corporations join other public companies that previously … Read more

Singapore Warns Eight Digital Currency Exchanges to Back Off

The Monetary Authority of Singapore (MAS) has warned eight unnamed digital token exchanges against engaging in the unauthorized trading of securities or futures contracts without permission. The MAS has also warned an initial coin offering (ICO) issuer to stop offering digital coins in Singapore. Also read: UNOPS and IOTA Sign MOU for Services Agreement Join the Bitsonline … Read more

New Report Sheds Light on Bitfinex’s Financial Dealings

A new report claims that cryptocurrency exchange Bitfinex found a new bank in Puerto Rico last year and relied on a Panamanian financial institution to provide liquidity for fiat currency transfers. The news partially opens the lid on Bitfinex’s financial dealings, which have historically been opaque.  Also read: So DOJ Is Investigating the Crypto Space – What … Read more

PoW Not Flawed Regardless of Rash of 51% Attacks in Crypto

Verge, Monacoin, Bitcoin Gold, and several other altcoins have been sucessfully 51 percent attacked over the last few months. The episodes have lead to massive inflation worth millions on the more successful chains. Many are framing these crypto attacks with proof-of-work at fault, claiming that the trustless validation technology is flawed because larger networks make … Read more