SEC Postpones Decision on Overstock-Affiliated Security Token Exchange

The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange (BSTX). In a letter published on April 1, the regulator postponed the current April 2 deadline in light of responses to a recent proposed rule change to BSTX’s original filing. The proposed exchange BSTX is a project for a regulated security token exchange platform that would be jointly owned by Box Digital Markets and Overstock’s blockchain arm tZERO. As the SEC summarizes…

Top Ripple Dev Publishes Method to Increase Privacy Using ‘Blinded Tags’

Nik Bougalis, a cryptographer, software engineer and lead of the C++ team at Ripple, has published a proposed method for enhancing the privacy of transactions on the XRP ledger. In his Github post on March 30, Bougalis focused on the destination tags that are assigned to transactions made between wallets provided by exchanges or third-party providers — also known as hosted wallets.  Bougalis argued that these destination tags present a potential privacy risk for users, which could be overcome through his proposed system of “blinded tags.” Blinded Tags Any transaction…

US Stimulus Package Might Cause ‘Modest’ Improvement to Bitcoin Market

The $2 trillion economic stimulus package the United States Congress passed on March 26 might not cause the Bitcoin (BTC) market to skyrocket just yet, but investors could see modest, gradual improvements starting in 2020. Wayne Chen, CEO of Interlapse and founder of virtual currency platform Coincurve, spoke to Cointelegraph on Wednesday regarding the outlook of Bitcoin following measures to help the U.S. economy recover. Stimulus package targeted at those without disposable income Even in the midst of a global pandemic, many crypto traders are expecting Bitcoin to reach all-time…

Investment in Blockchain in Energy Markets Will Top $35 Billion by 2025

According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year.  Although $35 billion seems high, it’s dwarfed by the net worth of $1.85 trillion for the energy market as a whole. Key players using blockchain and DLT in the field include Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi, and…

Decoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish

Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively.  The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up…

The Sandbox Sells 3400 Ether Worth of Virtual Land in Five Hours

The Sandbox (TSB), a mobile creation game on Ethereum, announced on April 1 that its third presale of virtual land had generated 3,400 Ether ($450,000) in sales. The March 31 presale sold 12,384 pieces of LAND — virtual spaces in the game — in just five hours. That equates to approximately 10% of the total 166,464 pieces in the game, with most of it snapped up in the first thirty minutes.  TSB has quickly become one of the most coveted blockchain games on the market, with more than 40 million…

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either

A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas. On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He denied Telegram’s move to distribute tokens to the non-US-based participants of its 2018 initial coin offering (ICO). Approximately $1.27 billion of the funds raised to finance the development of the Telegram Open Network (TON)…

Global Cybersecurity League Formed to Fight Hospital Ransomware

A crack team of cybersecurity experts in 65 countries has come together to combat ransomware attacks on hospitals during the coronavirus crisis. Calling themselves the COVID-19 CTI League the community of experts aims to protect the technological infrastructure of front-line medical resources from cyberattacks. Hospitals around the world have seen a big increase in cyberattacks over the past year, in which critical IT systems are encrypted with malware. Gangs demand a Bitcoin ransom in return for the decryption key. Hospitals are often seen as soft targets, due to ageing IT…

Crypto to the Rescue After Khan Academy’s COVID-19 Traffic Surge

The founder of education platform Khan Academy has put out an urgent call for donations following a 250% surge in users due to the coronavirus crisis. CEO Sal Khan asked users to donate fiat — or they can donate Basic Attention Tokens (BAT) via their Brave browsers — to help the platform stay open during the pandemic. Khan said the surge was due to record numbers of students forced to stay home during lockdowns and social distancing requirements.  A billion schoolkids are staying home because of COVID-19 Khan Academy is…

Brave Browser Gains 1M New Users in a Single Month

Open-source internet browser, Brave, tallied more than one million new users in March alone, a tweet from Brave’s head of marketing, Des Martin, detailed on April 1.  Isolation has increased web traffic With much of the world limiting their exposure to the coronavirus through self-imposed quarantine, web usership has undoubtedly increased. As a result, various internet-based services have hosted significantly greater demand for activities such as web browsing, gaming, and shopping, a March 20 Bloomberg article stated.   Brave sees increased attention Some of this attention has been funneled toward Brave,…