Coincheck Reopens New Signups, Deposits and Withdrawals of ‘Some’ Cryptocurrencies

Monex Group, the Japanese internet broker that purchased hacked cryptocurrency exchange Coincheck, announced it had reopened new account signups and limited trading in a statement Tuesday, Oct. 30. The latest phase of a step-by-step reboot of Coincheck, Monex added users could also begin depositing and purchasing certain cryptocurrencies. “…Here we announce that Coincheck has resumed ‘new account openings’ and ‘customers’ depositing and purchasing some cryptocurrencies’ services today,” the statement reads. Monex purchased Coincheck for around $33.5 million in April, outlining plans to relaunch the exchange in full compliance with local…

Central Bank-Issued Cryptocurrencies Are the ‘Inevitable Future’

The CEO of Dash Core Group, Ryan Taylor, told Cointelegraph in an interview Oct. 23 that  central bank-issued cryptocurrencies are the “inevitable future,” but it will be people who “will decide what form of money they want to consume and use as part of their lives.” Speaking with CT during the Money20/20 conference, Taylor stated that central banks have certain advantages in issuing their own cryptocurrencies, but questions remain as to what form will it take and how the market will react. Taylor noted that the “free market can ultimately…

Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws. The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense…

Minting the Future of Cryptocurrencies

In 2009, Bitcoin was ushered in as an alternative to fiat currency, promising to revolutionize the future of peer-to-peer spending. Since then, it has spawned scores of other cryptocurrencies with various value propositions and potential. The meteoric growth of cryptocurrencies underscores the role of tech innovation in fueling the future of value exchange. Now, there’s talk of a new era of blockchain tools to assist individuals in creating their own digital coins. Users would then have the ability to transfer or exchange these coins for other cryptocurrencies they find valuable.…

Only 39 Percent of Chileans Are Aware of Cryptocurrencies, Study Shows

The results of the first Financial Knowledge Index conducted in Chile reveal that only 39 percent of citizens have ever heard of cryptocurrencies, according to a paper published Tuesday, Oct. 16, by the Chilean Central Securities Depository (DCV). Consulting company Cadem, which performed the research on behalf of DCV, interviewed almost thousand citizens, both men and women, in 15 regional capitals. The questionnaire included a section on cryptocurrency awareness. According to the paper, Chilean men know more about cryptocurrencies, particularly Bitcoin (BTC), with 51 percent saying they’ve heard of digital…

“99 Percent of Cryptocurrencies are Worth Zero”

The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to the existing course of events at the time. A Harvard alumnus and now a professor at NYU Stern School of Business, Mr. Roubini has always been critical of the crypto and blockchain industry. Oct.11, 2018 he testified at the Congressional hearing on Capitol Hill, Washington D.C., warning U.S. senators about “the mother or father of all scams and…

US Congressmen Call on SEC for Regulatory Clarity Regarding Cryptocurrencies

A group of lawmakers from the U.S. Congress has sent a letter to Securities and Exchange Commission (SEC) Chairman Jay Clayton, calling for regulatory clarity regarding cryptocurrencies, CNBC reported September 28. According to CNBC, more than a dozen congressmen asked Clayton to tell investors how the SEC plans to regulate digital currency. The lawmakers requested clarity on the criteria for identifying digital tokens as “investment contracts” and therefore securities, in addition to a  description of the tools the SEC will use to provide more concrete guidance to innovators in the…

Bear Market? CoinMarketCap Lists Record 2,000 Active Cryptocurrencies

The great cryptocurrency bear market of 2018 may have put a damper on speculative investor interest in this nascent asset class, but it does not seem to have led to much of a slowdown in the number of new altcoins being released on the market. CMC Reaches 2,000 Listed Cryptocurrencies To wit, cryptocurrency resource site CoinMarketCap hit a new milestone on Friday, as its market cap rankings now include data on more than 2,000 active coins and tokens, an increase of more than 600 since the beginning of 2018. A…