The top news in the last 24 hours are shown below:
Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout
Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the peer-to-peer exchange Localbitcoins plummeted by 40 percent.
Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions
A community roadshow has been uniting crypto enthusiasts in several cities in India to share their ideas on the country’s crypto regulation. “The best ones will be included in the report to be submitted to the decision makers amongst the government,” the organizer of the events explained.
Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures
Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14. The cybersecurity wing of United States telecoms firm AT&T stated that organizations of all sizes continue to face significant crypto mining attacks despite the ongoing bear market.
Blockchain ID Startup Metadium Reveals Partnership With Game Engine Giant Unity
Metadium, a South Korean blockchain identity startup, is releasing its Software Development Kit (SDK) on leading game engine Unity’s Asset Store, according to a press release published today, March 15. The press release describes the move as a “strategic partnership” with the gaming giant.
“It [this partnership] includes extra assurance tests for our SDK’s stability and certification of our plug-in. In addition to this, there will be more involvement of both sides for promotional activities to ensure exposure and to drive wider adoption among game developers.”
Intercontinental Stock Exchange Seemingly to Expand Cryptocurrency Data Feed
Intercontinental Stock Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) hinted it was adding a slew of new coins to its Cryptocurrency Data Feed in a tweet on March 14. Launched in January 2018, the Cryptocurrency Data Feed is a service offering real-time digital currency information, covering prices and order books. The platform was introduced following a partnership between ICE and Bitcoin (BTC) and blockchain technology company Blockstream.
Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service
Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6. The releases states:
“CrowdProtector provides Issuers protection against investor complaints and lawsuits as well as serve as a communication to investors that they may get their principal investment returned should the issuer misuse the funds, purposefully misrepresent information in their offering documents, or steal the money.”
Blockchain and Crypto Business Reps Protest Nevada Bill
Representatives from the blockchain and cryptocurrency industries voiced their concerns about a bill in the Nevada State Senate in a Judiciary Committee hearing on Tuesday, March 12. The bill, SB 195, would introduce several uniform standards to the virtual currency industry and would require crypto-related business like exchanges to register with the state’s Department of Business and Industry.
SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities
Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws. Blockchain-related news website Decrypt reported her comments on March 16.
Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US
Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of Q2 2019. The regulator published the documents on March 14.
Ethereum Co-Founder Joseph Lubin: Blockchain Will Be Most of the Economy in 10-20 Years
Ethereum (ETH) co-founder Joseph Lubin said that he expects the global economy will be ten times larger in 10 to 20 years when blockchain is fully ramified, and blockchain will be involved in most of it. Lubin made the statement at the SXSW conference in Austin on March 14.
“In Bitcoin and currently in Ethereum, you need to have specialized hardware, burn lots of electricity, waste lots of computation, to basically keep everybody in sync. [With Ethereum 2.0, in 18 months] we’ll have a blockchain system much more powerful and scalable that uses orders of magnitude less energy.”
Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET
Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.