The SEC recently responded to Wilshire Phoenix’s Application for the approval of a proposed rule change to launch a Bitcoin ETF. SEC rejected the citing insufficiently weak strategies for combating major common financial crimes such as Market manipulation and Money laundering.
The United States court has managed to discharge a case that was condemning bitcoin cash (BCH) protagonists such as the Bitmain cryptocurrency exchange, its founder Jihan Wu, Kraken, its founder Roger Ver of forging as well as influencing the token's value in November 2018, when previous BCH hard fork that occurred and gave birth of bitcoin SV (BSV).
A good number of countries including the United Arab Emirates (UAE), Italy, Estonia, Ukraine, Denmark and Russia are planning to use blockchain or distributed ledger technology (DLT) to conduct their polls via sophisticated electronic processes and in other vital sectors. As the US presidential elections are getting closer, some blockchain-friendly candidates including Andrew Yang are proposing the use of the technology in e-polling, to avoid vote rigging and manipulation of poll results as what happened in the last elections.
In the latest news, we saw Donald Trump, the President of the USA and a successful businessman, criticizing the nature of cryptocurrencies such as Bitcoin. The market reacted immediately to the billionaire’s statement and BTC lost 14% of its value in a 7 day period. Was it an honest opinion or another attempt to manipulate the cryptocurrency market?
Blockchain technology could play an important role in transforming smart contract processes in Italy. Currently, smart contract process is not dependable and could cause negative consequences if used. The technology has the potential to revolutionize the decentralized register into a robust instrument of control and manipulation.
Project Districts, the first ever synergistic manipulation of the Blockchain and Virtual Reality, is rapidly coming up as a viable investment opportunity in the crypto economy that has experienced massive fluctuations in the recent times. Leveraging the infinite capabilities of a P2P based blockchain ecosystem, it looks to overcome all limitations that have restricted the growth of 3D/virtual and augmented reality so far.
Ensuring fairness of games remains the biggest challenge facing the $294 billion lottery industry. Players have always question the genuineness the tickets sold, the pool for the money accumulated, identity of jackpot winners, and the security of Random Number Generators, or RNG. Several high-profile cases of lottery manipulation like the 1980 Pennsylvania Lotto scandal and the recent conviction of Eddie Tipton in 2010 has not only increased player's concerns, but eroded market confidence.