Vitalik Buterin, the founder of fast-growing distributed computing network Ethereum, has warned that virtual currencies are volatile and that “could drop to near zero at any time.” While cryptocurrency fans are now used to hearing such warnings from central bankers, it's surprising to hear such talk from an industry insider. Also see: Swiss Watchdog: We’ll Regulate Some ICOs … [Read more...] about Vitalik Buterin Warns All Cryptocurrencies May Fall to Zero at Any Time
The Ethereum Community Fund -- or ECF -- is being collaboratively launched by the teams behind Raiden, Golem, OmiseGo, Maker, Cosmos, and Japanese venture capitalist play Global Brain. Ethereum co-creator Vitalik Buterin will advise the initiative, which has already raised the equivalent of $100 million USD to help foster the Ethereum ecosystem. Also see White House: Yeah, … [Read more...] about Unprecedented $100 Million Ethereum Community Fund Is Launched
The march of tokenization inches forward, as the Canadian Securities Exchange (CSE) is set to apply for a blockchain platform "for trading, clearing and settling tokenized securities.” Such a platform would create a regulatory pipeline, in that security tokens would be fully vetted by authorities before being listed. Also Read: Government Websites Hit With Crypto-Mining … [Read more...] about Canadian Securities Exchange All-In on Blockchain “Clearinghouse”
A rift between the founders of popular Ethereum service MyEtherWallet caused confusion among users this week. Some suspected the project's official Twitter account was compromised when it suddenly changed name to "MyCrypto", bringing all followers with it. However they soon found out it was in fact the same product, with most of the old development team forking the project and … [Read more...] about What’s Going on with the MyEtherWallet – MyCrypto Takeover?
The team behind the Seele ICO, which recently saw investors defrauded of $2 million USD worth of ETH in an alleged Telegram group scam, says it is determined to find out what happened and will "make detailed compensation plans". It also further clarified how a scammer managed to infiltrate its chat group by impersonating an official core team member -- an important lesson for … [Read more...] about Seele Explains How Its Investors Got Tricked, Promises Investigation and Possible Compensation