All posts by Blockzone Team

Japan Gov’t Issued Warnings to Zaif Prior to $60m Crypto Hack, Official Investigation

According to local publications, the Japanese government and its main financial watchdog Financial Services Agency (FSA) has launched an official investigation into Zaif, a major local crypto exchange which experienced a $60 million hack earlier this month. The FSA reportedly issued two business improvement orders to Zaif in 2018 after several audits discovered serious issues pertaining ...

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Ethereum Capacity Issue Drifts to Network Over-Hype Claim

Claims that the the Ethereum network’s value is over-hyped with promises have been raised again following a Parity developer’s open call for creators to stop deploying dApps on the platform. Vitalik-Buterin-Ethereum-Foundation-at-Ethereum-Meetup-2018 Afri Schoedon tweets that the Ethereum blockchain is running at capacity. Hence, he suggests that developers should meta-decentralize their dApps by using other networks with more capacity ...

CRYPTOJACKERS HACK INDIAN GOVERNMENT OWNED WEBSITE FOR MINING

Author: Jagdish Kumar, India Even though Indian government has banned cryptocurrency trading in the country, it cannot save its computers from cryptojackers who have been using the government computers for mining crypto coins. This came to light when an analysis by security researchers said many websites owned by government, including director of municipal administration of ...

SOUTH KOREAN CRYPTO EXCHANGE UPBIT TO OPEN SINGAPORE-BASED CRYPTO EXCHANGE IN OCTOBER

According to local news outlet Yonhap News, South Korean crypto exchange Upbit will be opening a Singapore-based exchange next month. Dunamu is the operator of the South Korean crypto exchange and is also Kakao’s affiliate. Yonhap further reports that since Feburary, Dunamu had already set up a branch in Singapore as the first step of ...

90% of Cryptocurrencies Have Near-Zero Daily Trading Volume Amid the Extended Crypto Winter

Trading data of a major cryptocurrency exchange shows that only over 200 cryptos were traded over the past 24 hours, and the remaining saw a nearly-zero trading volume, China’s blockchain news account Yiben Blockchain reported on Monday. 90% of cryptocurrencies in the exchange are not traded by investors anymore – hence the zombie-like state. Further, as digital ...

SEC’s ETF Notice Strengthens Bitcoin Market Position

Most recent notifications by the US Securities and Exchange Commission (SEC) about crypto-based ETFs had negative effects on the market. However, its latest notice in which the SEC turned the table to ask the public for comments on a pending Bitcoin ETF application, seems to have achieved the opposite. The SEC now wants public comment on much-awaited Van Eck ...

Ant Financial Launches its BaaS Platform and Predicts Blockchain may Surpass AI in 2 Years

As ICO is entering Ice Age and cryptocurrency has been facing a bear market, some people are wondering whether the blockchain technology is just a flash in the pan. In this regard, Jiang Guofei, Vice President of Ant Financial holds an opposite view. On September 20, the head of the Ant Blockchain said that “the blockchain ...

Quadratic Voting: A New Way to Govern Blockchains for Enterprises

When you think of governance.. who do you trust? PHOTO BY JORGE ALCALA ON UNSPLASH Blockchain may be grabbing all the headlines today, but in the real world, an enterprise seeking to deploy the groundbreaking technology might find questions in its central promise. While it can provide a secured ledger, thereby reducing risk, there remain worries ...

Ethereum’s Decline and Supported Tokens’ Fate

The uncertainty surrounding the fate of blockchain projects whose systems and tokens are built on the Ethereum platform continues to be topical. Despite new partnerships, developers and mining payouts, there are concerns that Ethereum is weaker today than it was about a year ago when it started supporting more smaller projects. However, the story does not have ...

Korea to Remove Tax and Investment Perks From Crypto Exchanges, Heavy Criticism

South Korea’s venture enterprise division has decided to remove crypto exchanges from the newly drafted venture acceleration bill. Local publications have reported that the venture enterprise division is swiftly pursuing the process of eliminating digital asset trading platforms from its proposal that provides various tax and investment benefits to small to medium-sized firms. On September 4, the ...

Japanese Yen Stablecoin May be Rolled out by the End of 2018

A Japanese yen-pegged stablecoin is under plan by the founding partners of the world’s largest blockchain fund backed by the government of the Chinese city Hangzhou, as reported by South China Morning Post. The stablecoin is expected to be rolled out as early as the end of this year or early 2019, and stablecoins anchored to ...

Bitmain may be Sued by its Investors for Financial Misrepresentation and Omission

Bitmain is still preparing for its initial public offering. As the world’s largest cryptocurrency mining semiconductor, Bitmain’s IPO causes much concerns from the crypto mining community. However, controversy has been swirling around the company over the past few weeks. There were rumors going around about its alarming financial condition. Lately, the controversy went to a ...