John Medley

John Medley

Reporter

John Medley has been covering the crypto-asset space since early 2013 and even lost bitcoin in the infamous Mt.Gox hack. However, this didn't deter John and now he enjoys writing opinionated blogs about the latest trials and tribulations of the crypto space. In his free time he loves to bird watch and cook Japanese food.

Articles by Author

Central Bank Of Kenya Gives Warning On Bitcoin

The Central Bank of Kenya (CBK) cites security and lack of transparency as some of the main reasons for ‘blacklisting’ cryptocurrencies. The governor considers that cryptocurrencies are risky in the sense that they are anonymous and do not conform to any form of centralized oversight. This, he claims, makes them suitable tools for terrorist financing and money laundering.

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Monaco (MCO) Pumps 100% On Bithumb Listing, Raising Questions

Monaco (MCO) an ERC20 token that aims to create a cryptocurrency payments card has pumped 68% upon its listing on the South Korean exchange, Bithumb, raising questions.

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Icelandic ‘Bitcoin Thief’ Escapes to Sweden on PM’s Plane

Sindri Thor Stefansson, the man suspected of stealing 600 bitcoin miners has evaded custody in Iceland. Mr Stefansson was being held in a low-security prison and managed to climb out of the window and board a passenger plane which was also carrying the Icelandic Prime Minister.

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Verge (XVG): Fundamental and Technical Price Analysis ahead of the Announcement

There has been a great deal of excitement regarding the upcoming Verge announcement, which is scheduled for 10AM EST today. Since the announcement of the partnership in mid-March the price has risen 300% which is particularly notable considering the poor performance across the crypto markets in this last month. Expect high volumes and volatility.

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Telegram Banned by Moscow Court During its ICO Pre-Sale

The popular messaging app Telegram has recently been banned by a Moscow Court. The Court ruled that the app failed to turn over encrypted messaging traffic to national security services. Telegram is expected to appeal the ban and, if unsuccessful, the ban will likely come into effect within a couple of months.

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Two Japanese Crypto Exchanges Withdraw Applications To Operate

Tokyo GateWay and Mr. Exchange have voluntarily withdrawn their applications - contary to misleading articles - to operate as crypto-asset exchange in Japan. Since the infamous Coincheck hack in January that saw over $500 million in NEM stolen, Japan’s FSA (Financial Services Agency) has started improving the security requirements of crypto exchanges, which some exchanges are failing to meet.

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Bithumb To Support Crypto Payments At 6,000 South Korean Stores

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is partnering with mobile payment service provider ‘Pay’s’ to support crypto payments to 6,000 merchant outlets across the country. A Bithumb official told Korea Times that Bithumb has “taken a landmark step”.

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Coinbase To Implement ERC20 Support

In a blog post released yesterday, Coinbase outlined their “intention to support Ethereum ERC20 technical standard”. However, the support is likely to take months as stated in the blog post. It is unclear which ERC-20 token will be the first to be listed.

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Cboe Urges SEC To Support Bitcoin ETFs

The exchange operator of Cboe Global Markets - Chris Concannon - said that the U.S. securities regulators should not hinder the development of a bitcoin ETF (exchange-traded-fund) as they are similar to any other commodity-based ETFs. Therefore with appropriate due diligence a bitcoin ETF would pose no unmanageable risk.

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Belarus Creates New Crypto-Friendly Tax System

Amidst the confusing and contradictory regulatory policies towards crypto-assets globally, Belarus appears to be creating a clear accounting standard for crypto-assets. It is hoped that clearer instructions will not discourage potential crypto business due to tax uncertainty.

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Yahoo Japan To Build Its Own Crypto-Asset Exchange

According to Nikkei Asian Review, Yahoo will buy a 40% share of the Tokyo based crypto-asset exchange – BitARG. The Yahoo Japan exchange is aiming to fully launch by April 2019. Yahoo Japan's stake in BitARG is costing 2 billion Yen ($19 million).

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Binance To Setup Crypto-Fiat Exchange In Malta

Binance CEO, Zhao Changpeng, recently told Bloomberg the exchange is looking to build a “fiat to crypto exchange” in Malta. According to the CEO, the company is close to signing a deal with local banks to secure deposits and withdrawals. However, it is uncertain when this exchange will launch.

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Coinbase Ethereum Smart Contract Vulnerability Resolved

A potentially disastrous bug in an Ethereum smart contract would have theoretically given Coinbase customers unlimited Ethereum. However, it did not allow users to withdraw unlimited Ethereum, instead, users could send unlimited Ethereum.

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Binance Facing Warning From Japanese Regulator

The Japanese securities regulator, the Financial Services Agency (FSA), is planning to warn Binance, under the ‘Payment Services Act’ that it must stop operating in Japan without a license. The world’s largest cryptocurrency exchange has several staff in Japan and has been expanding operations into Japan without seeking permission from the FSA and other necessary regulators.

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CryptoKitties Raises $12 Million From Top VC’s

CryptoKitties, the wildly popular Ethereum app, has raised $12 million in a Series A round, from venture capital firms including Andreessen Horowitz and Union Square Ventures. Axiom Zen is the company behind CryptoKitties and are looking to "make blockchain technology accessible and relevant to everyday consumers,".

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Federal Trade Commission Forms Blockchain Group And Halts Crypto Schemes

The Federal Trade Commission (FTC) has announced in a recent blog post that they will be launching a ‘Blockchain Working Group’. The working group will aim to study the technology behind cryptocurrencies to reduce fraud and protect consumers.

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G20 Unlikely To Form Regulations For Crypto-Assets

The Financial Stability Board (FSB) has indicated that G20 talks will not seek to regulate bitcoin and other crypto-assets as they do not pose a threat to financial stability. The report published by the FSB stated that crypto-assets do not equate to even 1% of global GDP.

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Wall Street Analyst Predicts Bitcoin Will Hit $91,000 By March 2020

Wall street strategist Tom Lee has updated his bitcoin price prediction and believes the crypto-asset will hit $91,000 by March 2020. The chart suggests that once a bottom has formed a bull run will likely carry bitcoin to a high of $91,000 by March 2020.

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New York Energy Giants Raise Electricity Costs For Crypto Miners

John B. Rhodes, chair of the New York State Public Service Commission said on Thursday that cryptocurrency miners will be subject to higher electricity rates than normal businesses. The new ruling is supposed to come into effect before the end of the month leaving cryptocurrency mining firms with a difficult choice as to whether they pack up and relocate to a state with cheaper electricity.

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French Financial Regulator Has Banned 15 Crytpocurrency Websites

The Autorite des marches Financiers (AMF) has published a list of 15 cryptocurrency sites that are have broken French financial regulations. The press release which was released yesterday gave a list of 15 sites, however, the statement said the selected websites were likely to change and as such the list was not exhaustive.

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Bitcoin’s Lightning Becomes Reality With Funding From Twitter Founder

After years of testing, development and support from Twitter founder Jack Dorsey, Lightning Labs has launched its new mainnet beta (lnd 0.4) called ‘Lightning Network Daemon (LND).  The long awaited developer-friendly software client has made mainstream use Bitcoin’s lightning network a reality. Reviving the long-lost dream of banking the unbanked and facilitating micro transactions.

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PR: Coin Stats App Launches New Portfolio Version With Improved Features

Coin Stats, one of the leading cryptocurrency portfolio apps in the market, has updated its software, announcing a lot of new and exciting features and updates. The release was made on March 3rd, it focuses on improving the user experience and accounting functionality. New features allow users to export transactions to a CSV file, see all the portfolios in one single page, get notifications and much more.

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Coinbase Losing Customer Bitcoins Due To SegWit Issue

Reddit user Dazzling_Substance posted on the r/Coinbase subreddit on Monday warning the community that the Coinbase merchant SegWit – a bitcoin scaling solution - implementation is broken. The issue was deemed to be severe as it was causing the lose of customer bitcoin.

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Chinese IT Ministry Forming Blockchain Standardisation Group

An announcement from the Chinese Ministry of Industry and Information Technology stated its goal to standardise the blockchain and distributed ledger technology (DLT) industry. An organisation named ‘National Blockchain and Distributed Accounting Technology Standardization Technical Committee’ will be formed to oversee the standardisation.

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The Coinbase Tax Tool Won't Work For Most Traders

Coinbase released a blog yesterday outlining their plans to release an updated tax calculator.  However, the tax calculator will only work for a small percentile of cryptocurrency traders. Calculating taxes with traditional equities and assets is hard enough, the high volatility of crypto-assets as well as their disputed classification makes tax filing even harder.

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