The first weekend of December is over and over, so Christmas must be right behind the corner. But the blockchain does not care about Christmas, it still does not matter which one.
Which means that there is something to be recovered. Here are the latest Hard Fork news on cryptocurrency and blockchain last weekend.
1. At the last G20 summit in Buenos Aires, world politicians discussed a corporate cryptocurrency tax. At the moment it is illegal for a country to tax a company that does not have a physical presence there, so it is almost logical. If the tax materializes, it has already been a while since the G20 countries have to leave and submit proposals for a final version to be created by 2020.
2. North Korean hackers are continually finding new ways to steal cryptocurrency from unsuspecting victims. The latest scandal sees the country's hackers chasing the coffers of Bitcoin individuals. The previous tactics of North Korean hackers have targeted institutions such as universities and cryptocurrency exchanges. Analysts claim that Pyongyang is using the method of generating additional income while the country sells international sanctions.
3. The Japanese Financial Services Agency (FSA) is trying to implement a regulatory framework for initial tokens (ICO) offers. According to local sources, the FSA is trying to protect citizens by limiting the amount that can be invested in an ICO. The framework will also require ICOs to also be registered with the agency. While Japan may have granted self-regulatory status to the cryptocurrency industry, this does not prevent the FSA from establishing some of the rules.
4. The Venezuelan president Maduro has done everything that Satoshi Nakamoto said he can not do and has manipulated the price of the country's cryptocurrency, the Petro. Maduro announced that Petro has risen from 3,600 Bolivar sovereigns to 9,000. That said, cryptocurrency is hardly a cryptocurrency, let alone a currency. There is still a wallet to support Petro, and purchases of the currency are issued to buyers with certificates (paper portfolios). It would seem that cryptocurrency is not totally immune to inflation.
5. The mobile phone maker, Huawei, launched its Blockchain Services (BCS) at the start of this month in a press release published last week. Just like Amazon's recent announcement of its blockchain cloud services, Huawei is claiming that the service will help developers build, deploy and manage blockchain applications. Huawei's system is based on open source blockchain software, Hyperledger Fabric.
Although the cryptocurrency market has had one of the worst weeks this year, governments still want regulation, there are still hackers and there are even more tax talks for cryptocurrencies. Perhaps these are the only things we can be sure of in the future of cryptocurrency.
Published December 3, 2018 at 09:52 UTC