Cryptocurrency News for the Week of April 15-21, 2018

Cryptocurrency and blockchain continues being normalized and are making bigger strides than virtual and augmented reality. Mainstream acceptance seems closer than ever as mainstream companies embrace the technology.

Here’s the crypto news to know for the third week of April 2018.

European Union Votes for Closer Regulation of Cryptocurrencies

by Samburaj Das, CCN

European Parliament reached a majority vote to enforce closer regulation of cryptocurrencies. The move is made to crack down on money laundering and terrorism funding. New regulations will make transactions more transparent and remove anonymity from the process. It’s a step toward more widespread crypto acceptance on the continent.

What Is OmiseGO? Introduction To OMG

by Brian Penny, CryptoBriefing

OmiseGo is a blockchain and cryptocurrency by Thailand-based payments company Omise. It aims to disrupt the entire financial industry by making crypto and fiat currency exchanges seamless and smooth. It has a lot of government backing in the Asian markets and may one day be as big as PayPal or even Visa.

AWS Is Making Hyperledger and Ethereum Easier to Use

by David Floyd, CoinDesk

Amazon Web Services launched a new service for developing out-the-box blockchain networks on Ethereum and HyperLedger Fabric. The post provided instructions to set up the template and display smart contracts on the ledger. Google is expected to launch a competing product in the near future.

Kraken cryptocurrency exchange says it will not comply with New York inquiry

by Evelyn Cheng, CNBC

While regulators regularly request information on cryptocurrency exchanges, most comply and work toward registering as official commodity exchanges. Kraken CEO and co-founder Jesse Powell, however, denied a request from the NY Attorney General. The AG seeks transparency for investor safety, but the company is hesitant to compromise its network resources in the effort.

Mt Gox CEO Mark Karpeles Lands New Job — CTO for Cryptocurrency Firm

by Jamie Redman, Bitcoin

Mark Karpeles, the infamous ex-CEO of defunct bitcoin exchange Mt Gox is now the Chief Technology Officer for London Trust Media. The investment firm provides investments to cryptocurrencies and virtual private network companies. Although the government seized his exchange, Karpeles is still a crypto vet with the power to leverage blockchain and cryptos to disrupt the world.

Cryptocurrency And Blockchain Technology Could Help Facebook Recover From Massive Data Scandal

by Rachel Wolfson, Forbes

Mark Zuckerberg and Facebook have been in the hot seat since revelations that Cambridge Analytica was harvesting user content to serve fake news content. Now the company may leverage blockchain technology to help users better control privacy. If it can’t find a way, the site could lose market share to new decentralized social startups like Telegram and Steemit, two hot crypto platforms.

 

Versability

Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: