Last year was unkind to the entire cryptocurrency market, at exchanges shut their doors and coins lost substantial value. Ambisafe was one of the unlucky ones. With the ICO business suffering during the bear market, there was little use for an ICO services company. Though the company managed to start the year with 120 staff members, the 2018 market resulted in a cut of 70 people.
Ambisafe was founded in 2015, offering back-end solutions to the companies that primarily deal with white-labeled wallet and token sale platforms within the blockchain industry. Ambisafe was also responsible for offering other services, like acting as an exchange, auditing [...]
The laws governing initial coin offerings (ICOs) have been debated around the world, often included in the regulations that govern cryptocurrency as well. In Thailand, the proposal of an ICO portal was brought to regulators. As of March 12th, the Bangkok Post is reporting that the securities regulator has approved the portal for launch.
This is the first ICO portal that the Thai Securities and Exchange Commission’s (SEC’s) board of directors has approved, and it will make it possible to screen ICOs and perform due diligence. The portal will also confirm the source codes of smart contracts while following the procedures outlined in Know Your Customer (KYC) [...]
Binance Coin (BNB) has emerged as one of the top gaining crypto assets in recent times. The coin that runs through the veins of cryptocurrency exchange giant Binance currently trades at roughly $15, according to CoinMarketCap crypto table.BNB’s Recent Price Action
The cryptocurrency market still seems under the bearish territory, especially since November 2018 when Bitcoin tumbled from mid $6,000 range to late $3,000 range. Currently, the premier cryptocurrency trades at $3,922.
NEM Ventures, a wing of the NEM Foundation, announced its first-ever portfolio company investment – in Vimba. The report on NEM Forum states the partnership between the two companies is set to improve the adoption rates of cryptocurrency across the world, introduce a stronger fiat to crypto banking system and offer exceptional services in savings, collateralized debt, and capital investments.
The portfolio company, Vimba, is a cryptocurrency- focused company that allows users to make their monthly savings in fiat and automatically converts the cash to crypto which is then delivered in your digital wallet. The platform also allows the instant buying and [...]
CISCO’s Umbrella product harvests such data. Umbrella helps large organizations monitor inbound and outbound traffic, including for suspected cryptocurrency traffic where it’s banned. When analyzing cryptocurrency traffic, they found that the top two sources are energy/utilities companies and college campuses.
McBride believes that since the traffic is “quite distributed,” lots of college students are probably running their own Bitcoin mining rigs, rather than through concerted efforts. Clearly, people living in college dorms are not responsible for their energy bills.
“You leave [the mining rig] running in your dorm room for four [...]
On February 28 (on block # 7280000) hardfork will occur in the Ethereum network, making two important updates – Constantinople and St. Petersburg. Petersburg. The developers warn that the updates may start a couple of days earlier or later than the announced date, which is impossible to predict exactly due to the specifics of the mining process.
So, according to official information, the update now has two names, since in this case two separate updates are combined into one event. In January, the Constantinople update was postponed due to security vulnerabilities.
Constantinople must repeatedly increase the efficiency of the platform, postpone the action of the [...]
Blockchain companies in Malta are reportedly struggling with opening bank accounts, local news outlet the Times of Malta reported on Mar. 1.
The Times of Malta allegedly contacted a number of legal firms and financial companies, who confirmed that banks were declining their applications to open bank accounts, saying that it was beyond their “risk appetite.” The sources reportedly said that banks did not differentiate between digital currency and blockchain, though they were not always connected.
Parliamentary Secretary for Financial Services Silvio Schembri reportedly told the Times of Malta that some banks were willing to [...]
Bitcoins can be traced back to problems with damage, but current technology has led to practical ways of tracking stolen bitcoins. To track the person who received the bitcoin, the address owner must be aware of it.However, governments do not want bitcoin owners to be unknown and they are trying to regulate bitcoin in a way that can be monitored. People can be found if they shop in a webshop and pay with bitcoin and enter their shipping address ( because they have to get the item they paid for ). It’s really nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet.
Bitcoin is often presented [...]
The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.
The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. The conference participants will also discuss the development of Small and Medium Enterprises (SMEs) and the governance of digital assets.
The MoF will also hold an open session [...]
Parity Technologies has announced a fix to a vulnerability in their Ethereum node implementation that was causing their nodes to go offline. According to Parity Technologies Twitter account, «while the vulnerability only directly affects Parity Ethereum nodes that serve JSONRPC as a public service (e.g., Infura, MEW, MyCrypto, etc), they recommend everyone to update their nodes immediately.»The bug had opened up an attack vector to allow nodes to be forced offline by potential attackers. If undiscovered, the attack could have threatened a sizeable portion of the Ethereum infrastructure.As a reminder, Parity is a popular Ethereum-based platform, and over a year ago it had already [...]