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Russia Prepares to Legalize ICOs

Russia is currently working on a regulatory framework to legalize Initial Coin Offerings (ICOs), local publications reported on Wednesday. This is in addition to a bill that is being finalized to recognize cryptocurrencies such as bitcoin and ether. Also read: Russian President Vladimir Putin Discusses Using Ethereum with Vitalik Buterin Amending Law to Recognize ICOs Russian lawmakers are working on amendments to the civil law aimed at legalizing ICOs, according to Vedomosti, one of Russia’s largest newspapers. Discussion of the amendments has already begun by an interdepartmental working group under the State Duma, which has been assessing the risks of cryptocurrency use in the nation. An associate criminal law professor …

Predicting the August 1 Split Flow Chart the Hard Way

Below is a detailed flow chart graphic that depicts the possible outcomes to the upcoming scaling proposals that may be implemented in the near future. We hope to help our readers get a better understanding of what’s going on with these specific Bitcoin network developments.    Also Read: The Blockchain Split Scenario: Staying Informed and Backing Up Bitcoin Keys A Visual Flow Chart Depicting the Possible Outcomes of Bitcoin Proposals That Might be Implemented Over the next few weeks, the Bitcoin network and its participants may see some scaling proposals implemented to the protocol and the subject can be confusing. Right now there are multiple scenarios between three possible plans that include a …

Counterparty Experiences Millionth Transaction

Counterparty recently experienced its millionth transaction. This is good news for the bitcoin-based smart contracting platform. It appears the Counterparty ecosystem is developing healthily and rapidly.  Also read: Following Money Through the Bitcoin Laundry Is Not So Easy Counterparty’s community manager, Shawn Leary, told bitcoin.com about their growth: “Counterparty was excited to see our one millionth transaction occur a few days ago. It was, ironically, someone sending the illusive SQUATCHPEPE digital trading card. The lead developer for RarePepeWallet.com (RPW), Joe Looney, sent out a tweet commemorating it…The one million mark is a clear statement that this second layer protocol is getting a ton of usage.” Speaking of trading cards, Leary mentioned …

Kraken Estimates Last Quarter’s Trading Volume 10x Previous High

Kraken’s CEO, Jesse Powell, has stated the cryptocurrency exchange’s volume during the second quarter of 2017 comprised 10x more trade than during the company’s preceding all time high. Despite this incredible spike in volume, Powell speculated that the cryptocurrency markets will likely see growth of 10x to 100x in coming years. Also Read: Class Action Lawsuit Filed Against Cryptocurrnecy Exchange Kraken The Cryptocurrency Exchange Has Hired 150 New Employees in the Last Two Months During a recent interview on Trace Mayer’s Bitcoin Knowledge Podcast, Kraken CEO, Jesse Powell, detailed the enormous growth witnessed by the cryptocurrency exchange during 2017. When compared with the company’s preceding all-time highs, Powell describes last quarter’s growth as …

Some ICOs Now Ban Americans – Who Should Expect More Ostracism

Initial Coin Offerings (ICOs) or token sales are a surging trend to raise funds quickly. In May, for example, the Monaco Visa ICO raised $3 million in 3 days. Debate ensued on whether Monaco Visa was a good gamble, but one category of investors didn’t have to worry: Americans. That’s because Monaco Visa, like a growing number of other ‘foreign’ ICOs, refused to deal with U.S. citizens. [Note: in some cases the ban is on the broader category of “U.S. Taxpayers.”] Also read: How Hackers Stole $7 Million in Ether From Coindash ICO American financial policies have circled the world through tax and compliance treaties that are enforced to varying …

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