IOTA Threatens Researchers and Denies Critical Flaw – but Fixes it Anyway

Over the weekend, various high-level security researchers and academic cryptographers gave cryptocurrency project IOTA a failing grade – exposing a critical weakness and suggesting investors sell their coins while asking researchers to ignore or abandon the project. ‘Extremely Embarrassing’ The controversy began after a series of once-private emails from various IOTA team members and a […]

Square Says Murky Accounting Rules for Crypto Pose a Business Risk – CoinDesk

Square Inc. has identified another business risk for publicly traded companies that deal in cryptocurrencies: unclear accounting rules. In its most recent annual filing with the U.S. Securities and Exchange Commission (SEC), the digital payments company wrote that Generally Accepted Accounting Principles (GAAP), the U.S. accounting standard for public companies, offers no specific guidance for cryptocurrencies. […]

Meet the ‘Sovereign’: Marshall Islands Government to Issue Crypto Token – CoinDesk

Another country is planning to create its own cryptocurrency. The Republic of the Marshall Islands intends to issue the Sovereign, or SOV, to supplement the U.S. dollar as its  legal tender. Legislators for the Pacific island nation (2011 population: 53,158) passed the Declaration and Issuance of the Sovereign Currency Act 2018 on February 26th. “The […]