Nordea Bank bans workers from buying bitcoin
Nordea Bank, a retail bank headquartered in Denmark, banned its employees from owning bitcoin. The ban will force all employee’s on the bank’s payroll to stop buying bitcoin by February 28th.
Huobi launching its own token – huobi token
Huobi, one of the world’s largest cryptocurrency exchanges, launches an unconventional token to stabilize the platform. The huobi tokens were not launched through an ICO and have sold also to users of the exchange’s platform.
Tether and Friedman LLP not working together anymore
Tether, the famous dollar-pegged cryptocurrency has dissolved its partnership with Friedman LLP. The latter provided their services to verify the bank statements of Tether. This made Tether a more transparent organization. However, the latest falling out will lead to unforeseeable troubles for Tether.
Australia plans on launching a stable, gold-based cryptocurrency
A cryptocurrency, which is backed by gold, would invite a large number of traders into the crypto market. The latest project of Australia’s largest gold mine would take the crypto market to a whole new level. This would be an interesting project, as it has far-reaching consequences for Australian citizens.
South Korea e-commerce giant to add 12 cryptocurrencies with Bithumb
A new partnership, between major e-commerce platform, WeMakePrice, and exchange, Bithumb, marks a prominent step in the cryptocurrency adoption in South Korea.
Bitcoin Private – a new Bitcoin hard fork that promotes anonymity
Bitcoin Private (BTCP) is the latest hard fork that is planned to take place on Bitcoin’s blockchain in the near future. BTCP will provide more privacy to its users. The transactions will still be stored on a public ledger, however, the meta data of users will not be stored onto it.
Lightning Network – HTTP of blockchain networks
The Lightning Network (LN) is an innovative solution that can solve Bitcoin’s scalability problems. Since its launch in January, the LN has been growing steadily. Not only can it greatly reduce transactions’ confirmation times, but it can also render Bitcoin suitable once again for micropayments. Moreover, the LN can facilitate exchange of value across two different blockchains without having to rely on any centralized entities.
SEC and CFTC release a joint warning against crypto-related scams
The SEC and CFTC have decided to launch a joint effort against cryptocurrency related scams. 2017 has been the year of digital tokens and billions have been made via digital currency related activities. The new effort is being hailed by the community and everyone appreciates the SEC’s and CFTC’s determination to bust fraudsters.
Lightning network is growing steadily
The essence of Bitcoin is instantaneous payments with next to nothing fees. While this is usually the banner of the Bitcoin community, when one delves deeper into the community, it can be seen that payments through Bitcoin are not actually free and are never processed instantly.
