Blockchain 

UK Gov’t-Led Jurisdiction Team to Define Status of Crypto Under English Private Law

A British government-led jurisdiction team has launched a public consultation to determine the status of crypto assets under English private law, according to an official statement on May 9. In the document, the United Kingdom Jurisdiction Taskforce (UKJT) stated that the existing legal uncertainty around the crypto industry is a major reason for a lack of confidence by investors. The UKJT, one of the six taskforces of the LawTech Delivery Panel (LTDP), brings together the Judiciary and the Law Commission of England and Wales, as well as tech and legal…

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Blockchain 

Protocol Labs and Ethereum Foundation Team Up to Research Verifiable Delay Functions

Filecoin owner Protocol Labs is collaborating with the Ethereum Foundation to develop a Verifiable Delay Function (VDF). The company announced the partnership in a blog post on April 19. VDFs are a relatively new cryptographic primitive that can protect systems relying on the generation of (pseudo) random values from manipulation strategies or attack. Examples of everyday use cases include picking a lottery winner on the blockchain, as VDFs could help stop miners from intervening with a block hash to win the jackpot. Dan Boneh, one of the researchers who introduced…

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Crypto Exchange Becomes Sponsor of Premier League Football Team and Its Ad Goes Viral

A crypto exchange platform has established a sponsorship deal with an English Premier League football club and is celebrating after its 200,000th user registered with its service. CoinDeal’s partnership with Wolverhampton Wanderers has resulted in its branding featuring prominently on the team’s kit, and a promotional video released at the start of February has gone viral, attracting over 400,000 views on YouTube. The 37-second spot, partially filmed at the Wolves’ ground at Molineux Stadium, their home for 130 years, aims to highlight the fast verification, vast payment methods, attentive support…

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Blockchain 

Kraken Expands Its Team With Five New High Level Hires

United States-based cryptocurrency exchange Kraken is expanding its team with new high level hires, according to the company’s blog post published on March 7. In the post, Kraken announced five new appointments to its team. The new appointments will see Matt Mason as Chief Marketing Officer, Steve Hunt as Vice-President of Engineering, Nelson Minier as Head of OTC Sales and Trading, Bob Zagotta as Head of Business Operations and Strategy, and Mary Beth Buchanan as General Counsel. Prior to joining Kraken, Mason was employed by Sony Pictures as Studio Head…

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Bitcoin 

Ex-Hacking Team Neutrino Members Will Transition Out of Company Roles

Brian Armstrong, co-founder and CEO of major United States crypto exchange and wallet Coinbase, has said that Neutrino staff with prior connections to controversial software firm Hacking Team will transition out of their new roles at Coinbase. Armstrong made his announcement in an official blog post published on March 4. Controversy has surrounded Coinbase’s recent acquisition of blockchain analytics firm Neutrino, due to the backgrounds of key Neutrino staff at the contentious software outfit Hacking Team. The latter firm is alleged to have provided its surveillance tools to global law…

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Ethereum 

Ethereum’s Core Dev Team Is Searching for a New Hard Fork Coordinator

Ethereum’s (ETH) core developers discussed the need for a new hard fork — or network upgrade — coordinator during a core developer meeting on March 1. As Cointelegraph reported in February, Afri Schoeden, release manager at Ethereum infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. His departure led to a conversation among the Ethereum core developers on Friday concerning the search for a new candidate for hard fork coordinator and the definition of the role, which would include some…

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Blockchain 

Seoul City Gov’t Appoints Members to Blockchain Governance Team

The Seoul Metropolitan Government, South Korea, has issued letters of appointment to its Blockchain Governance Team set to integrate blockchain technology with the city’s administration services. The news was announced by blockchain networks firm ICON on Feb. 8. The Seoul Blockchain Governance Team was formed by the Metropolitan Government, with the aim of investigating the benefits of blockchain in the city’s administration across several areas, including digital document verification and sub-contract payment. The team reportedly consists of 100 participants between the ages of 21 and 77, including university students, corporate…

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Blockchain 

Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services

The Seoul Metropolitan Government has launched the Seoul Blockchain Governance Team to explore the benefits of blockchain in administrative services, Yonhap News reports Jan. 31. According to the report, the members of the team are researching the potential of blockchain applications in various government services, including online voting system. Specifically, the working group intends to address systems of integrated management, digital document verification and automatic sub-contract payment. The team consists of 100 employees between the ages of 21 and 77, including developers, association executives, project makers, corporate representatives as well…

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Ethereum 

ETC Labs Introduces Dedicated Team to Focus on Core Ethereum Classic Projects

Ethereum Classic Labs incubator has launched a new Ethereum Classic (ETC) development team ETC Labs Core. The company has unveiled this in a blog post published Jan. 14. According to the announcement, the new team will be working on core ETC projects, supporting the coin’s blockchain and providing tools for decentralized application development, mining, and services. In the first quarter of 2019 the team will purportedly focus on reviewing Ethereum’s (ETH) Constantinople hard fork, which is set to happen around Jan. 16. This will be done prior to finalizing the…

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Blockchain 

Swiss Crypto Exchange ShapeShift Lays Off a Third of Its Team

Switzerland-based cryptocurrency exchange ShapeShift has laid off a third of its team, the exchange’s CEO Erik Voorhees announced in a tweet today, Jan. 8. According to a company blog post accompanying the Twitter announcement — entitled “Overcoming ShapeShift’s Crypto Winter and the Path Ahead” — ShapeShift has laid off 37 of its employees, reducing the size of its team by a third. In the post, Voorhees attributes the staff cuts to the “latest bear market cycle,” noting that the company’s “greatest and worst financial decision [was] to embrace substantial exposure…

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