U.S. Lawmakers Seek Common Definition for Blockchain

A pair of U.S. representatives, Doris Matsui, a California Democrat, and Brett Guthrie, a Kentucky Republican, have introduced a law to create a working group to determine a definition of blockchain. The lawmakers, both of whom sit on the Energy and Commerce Subcommittees on Communications and Technology and Digital Commerce and Consumer Protection, believe blockchain …

Public Sale of Venezuela’s State Crypto Petro to Commence on November 5

With the Petro now officially launched, the public sale of the state-backed cryptocurrency will begin early next month. In a televised address on October 1 during Venezuelan president, Nicolas Maduro announced that the public sale of the Petro will kick off on November 5. Though he did not list names, Maduro also indicated that the …

Venezuela’s Oil-Backed Petro Appears to Be a ‘Blatant’ Copy of Dash

Venezuela’s oil-backed cryptocurrency Petro (PTR) appears to be a “blatant” copy of Dash, as it has the same mining algorithm, similar features, and a part of its whitepaper appears to have been lifted from that of the privacy-centric cryptocurrency. As first pointed out by Ethereum developer Joey Zhou on Twitter, the oil-backed cryptocurrency’s whitepaper has on …

South Korea Rejects Crypto Exchanges as Venture Firms, Taxes to Double

In a blow to the industry, the government of South Korea has stuck with its legislative proposal to exclude the cryptocurrency and blockchain industry from being certified as venture firms. First proposed by South Korea’s Ministry for Small and Medium Enterprises (SMEs) and Startups in August, the revision to the law called for Korea’s domestic …

John McAfee-Linked Bitcoin Mining Firm Hit with Class-Action Lawsuit

MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law Firm …

Blockchain Adoption Levels Highest in the Semiconductor Industry: Accenture

A study conducted by global professional services firm Accenture indicates that with regards to the adoption of blockchain technology, the semiconductor sector is currently enjoying the highest levels of bullish sentiment compared to other surveyed sectors. The study which polled mostly senior executives at firms which boasted of yearly revenues of at least US$0.5 billion …

Monero Launches Initiative to Combat Cryptocurrency Mining Malware

Earlier this week, the Monero (XMR) community announced the launch of a new website that aims to educate users on cleaning up crypto-jacking malware and ransomware. Easing Malware Victims’ Confusion and Frustration The ease of mining and privacy of Monero are standout features for the coin. However, the features attract bad actors who use the coin …

Bitcoin Exchanges in India Have Started to Shut Down, It’s Already Late

Earlier this month, CCN reported that the Securities and Exchange Board of India (SEBI) sent government officials to Japan and Switzerland to better understand Bitcoin and crypto-related regulations prior to a supreme court hearing on a crypto trading ban imposed by the country’s central bank. At the time, many investors in India were optimistic towards …