IPOs and ICOs have much in common, but also have fundamental differences. In our series of articles we will explain main differences between initial public offering (IPO) on the stock exchange and initial coin offering (ICO) on the crypto currency market. Why do companies conduct an IPO? IPO allows young companies to raise risk capital in order to make investments and expansions. Larger, existing companies can also … Continue reading IPO vs. ICO – The Purpose and the Utility
PayPal’s chief financial officer was recently interviewed by Wall Street Journal about cryptocurrency. Although John Rainey currently holds little of Bitcoin as a pure means of payment. He nevertheless believes in a great future for cryptocurrencies in general and Bitcoin in particular. Considering strongly fluctuating price which someone trades with, a profit margin has only 10% a high risk. Should the price fall very quickly and suddenly by 15% during … Continue reading PayPal board for Bitcoin adaptation: “It will take years!”
For the first time, servers with critical infrastructure are affected by unwanted crypto-mining. For example, in USA, SCADA control systems have recently been adopted by generators, turbines and wind power plants. The looting of cryptocurrencies by cybercriminals can lead to a slowdown, in the worst case to overheating and thus failure of the facilities. Then, there would be a power outage. Manufacturers of expensive Ethernet modules and the matching SCADA … Continue reading Hacker uses wind power: SCADA control systems affected by Monero Mining
One month after Japan was the location of the biggest ever cyber hack, when over $400 million worth ot NEM coins was stolen from the Tokyo-based Coincheck exchange, overnight another major technical error at a rival Japanese cryptocurrency exchange led to further questions about the safety and security of crypto investments. As a result of a “system glitch” at the Osaka-based Zaif cryptocurrency exchange, some customers … Continue reading Crypto Exchange bug: User wanted to sell $ 20 trillion worth Bitcoins
Swiss FINMA published guidelines for the ICO regulation (Initial Coin Offering). Elsewhere, the word “regulation” drives investors and crypto-entrepreneurs crazy, as it can often be accompanied by restrictions or even prohibitions – that is not a case in Switzerland. Guidelines are intended to regulate the booming market. The focus is on the prevention of money laundering activities. In addition, the mutual trust of investors and organizers should be increased. Guidelines should rate … Continue reading Switzerland publishes guidelines for ICO regulation
After Bitcoin slipped off at the beginning of the year, there was a rebound in early February. According to Alex Sunnarborg, founding partner of Tetris Capital, this could have been an anonymous buyer who bought Bitcoins valued at $ 344 million. The whole crypto market was driven by bears for more than 30 days. Bitcoin had fallen in the meantime under t6,000 USD, also some other crypto currencies … Continue reading Trigger of recovery? Anonymous investor buys Bitcoins for $ 344 million !
After the crash in January story about Bitcoin became a bit quiet. But the course is not the only thing that matters: Behind the cryptocurrencies, Bitcoin could become the key technology of the next 20 years. There is not only rollercoaster of Bitcoin, Ethereum & Co. there is also the technology behind it: so-called Blockchain, a database in which values and information can be exchanged decentrally over … Continue reading Financial system will be revoulitionized by Blockchain!
Currently, private Bitcoin profits are tax exempt after the one-year speculative horizon, which could change. The Ministry of Finance is considering a full taxation on profits from cryptocurrencies, according to a draft assessment. It would apply the 27.5 percent tax rate, which would be conceivable, of course, only for the future and only with a change in the law, APA said. The Chamber of Tax Advisers … Continue reading In the future, Bitcoin profits may be fully taxed!
Hackers have stolen digital assets worth nearly half a billion Euros. The stock exchange operator will probably be responsible. Japanese authorities announced a penalty against crypto exchange Coincheck, captured in the hacker digital assets worth the equivalent of about 430 million Euros. The financial market regulators would announce the punishment this Monday. Coincheck is one of the most important trading venues for digital assets and the damage … Continue reading Japan Announces Punishment for Crypto-Theft!
According to the head of the Basel Committee on Banking Supervision, financial institutions should be stopped doing business with Bitcoin and cryptocurrencies. “Potential of money-laundering risk in this market, it would be quite difficult for banks to become active in these markets on a large scale,” said Stefan Ingves, who is also the Swedish central bank governor. Banks are required to identify their customers. In addition, the … Continue reading Head of the Basel Banking is warning Banks doing crypto-business!