Blockchain and Crypto related News

The world's largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX.

The accounts were frozen on October 25, Leah Li, a spokeswoman for Binance, told CoinDesk. The action was taken in response to pleas from WEX users who have been watching the ethereum blockchain, the known location of a public wallet belonging to the WEX exchange, uneasily in recent months while they have been unable to withdraw their funds off the exchange.

 

 

I remember reading Satoshi Nakamoto's bitcoin white paper for the first time a few weeks after it was released. I also remember the phrase that really grabbed my attention:

"We propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions…"

The European Banking Authority (EBA) published today an Opinion addressed to the EU Council, European Commission and European Parliament setting out the requirements that would be needed to regulate ‘virtual currencies'. The Opinion is also addressed to national supervisory authorities and advises to discourage financial institutions from buying, holding or selling virtual currencies while no regulatory regime is in place.

The Financial Stability Board (FSB) today published a letter from FSB Chair Mark Carney to G20 Finance Ministers and Central Bank Governors ahead of their meetings in Buenos Aires on 19-20 March. The letter notes that the current backdrop of strong and balanced global growth is underpinned by a resilient global financial system that is the product of determined efforts by the G20 and FSB over the past decade.

The letter sets out the FSB’s priorities under the Argentine Presidency, which are designed to reinforce the G20’s objective of strong, sustainable and balanced growth through:

Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private companies, and fears they may be used for evading taxes, launder money, finance terrorism or just scam small investors have raised calls for concerted actions by global regulators.

Finance ministers and central bankers from the world’s 20 largest economies meeting in Buenos Aires asked regulators to monitor these “crypto assets” but stopped to stop short of any specific action, confirming a Reuters report published on Monday.

Bruce Fenton is CEO of Atlantic Financial, founder of Chainstone Labs, host of the Satoshi Roundtable and board member of Medici Ventures.

This exclusive opinion piece is part of CoinDesk's "Bitcoin at 10: The Satoshi White Paper" series.

The Supreme Court of India has asked the country's government to provide an opinion on cryptocurrencies, amid legal fallout from a ruling by the central bank in April.

On Thursday, the court held a hearing on a number of petitions filed by local cryptocurrency exchanges, as well as the Internet & Mobile Association of India (IAMAI), over the Reserve Bank of India's (RBI) order banning domestic banks from providing services to crypto firms.

The court concluded by requesting that the government state its view on the matter within two weeks, The Economic Times reported Friday.