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June 12, 2018
The Ministry of Finance of the Republic of Lithuania released guidelines for ICOs in the country on June 6. The published guidelines follow statements by the United States’ SEC that align ICOs as securities, as CCN reported last week. Lithuania has stood out as a major player in Europe for welcoming blockchain startups and businesses. The Minister of Finance,...
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When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. However, new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of holding though they may have...
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Market Plummets Following Hack of South Korean Cryptocurrency Exchange, Coinrail The market price of Bitcoin and other cryptocurrencies decreased significantly following news that South Korea-based cryptocurrency exchange, Coinrail, was hacked. According to the Guardian, Coinrail confirmed the hack in a statement on its website. The company disclosed that its system was hit by “cyber intrusion” on...
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