One Block Team

News
Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, Canada Gazette reports June 9. According to the draft, the new regulations seek to address a “number of deficiencies” that the Financial Action Task Force (FATF) outlined after their evaluation in 2015-16, namely in strengthening... Read More

One Block Team

News
Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

The Bank of Thailand (BoT) is considering issuing its own cryptocurrency, the bank’s governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore, BoT governor Veerathai Santiprabhob spoke of a new project in which the central bank and other Thai banks join forces to develop... Read More

One Block Team

News
Testing for Ethereum’s Coming Consensus Change Is Moving Ahead

A hotly anticipated change aimed at ridding ethereum of its bitcoin-inspired mining process is moving forward in testing, with the platform’s popular software clients now participating in review. Following on an April software release that saw the idea formalized in code, the upgrade looks to transition the world’s second largest blockchain into... Read More

One Block Team

News
Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garlinghouse

Brad Garlinghouse of Ripple told CNBC on Tuesday that Bitcoin will not be the catch-all solution people are hoping for in terms of being a global currency. “I think it’s not going to be the panacea that people once thought it would be, where it would solve all of these different kinds... Read More

One Block Team

News
New York State May Launch a Cryptocurrency Task Force

The state of New York is making progress toward establishing formal cryptocurrency rules that could ultimately bolster more widespread use of virtual currencies. In yet another signal that bitcoin is here to stay, the New York State Assembly proposed launching a digital currency task force to examine the burgeoning cryptocurrency and blockchain... Read More

One Block Team

Editorial
Quantum Computing ‘Poses No Realistic Threat’ To Bitcoin: Research

Popular fears about the continued rise of quantum computing and its security implications for blockchain technology are misguided and blown out of proportion. This is the professional opinion of Jeffrey Tucker, Editorial Director at the American Institute of Economic Research. Tucker is of the view that the fear of quantum computing as an existential... Read More

One Block Team

News
S. Korea: Financial Regulator ‘Sympathizes’ With Demands to End Crypto-Blockchain Regulatory Split

A South Korean blockchain researcher has criticized the government’s approach to regulation of the technology at the 2018 Seoul Financial Forum, local media reported May 29. Addressing the head of South Korean regulator the Financial Supervisory Service (FSS) Lee Geun-woo, Park Sung-joon, head of the Blockchain Research Center at Dongguk University, said adopting different approaches... Read More

One Block Team

Editorial
What is the Lightning Network?

Hailed as one of the most potent solutions to cryptocurrency scaling currently under development, the lightning network effectively creates a layer on top of bitcoin, enabling fast and cheap transactions which can net settle to the bitcoin blockchain. Proposed by Thaddeus Dryja and Joseph Poon in a 2015 white paper, the... Read More

One Block Team

News
A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin

Bitcoin’s lightning network may be just starting to send transactions over the blockchain, but already its developers are looking to rearchitect the technology. That’s because, while touted as a way to significantly boost bitcoin’s capacity, the network itself does require users to store a significant amount of data, which makes it... Read More