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SEC Cyber Chief Puts A New Type Of Cryptocurrency Exchange On Notice
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The desire to 'slip and slide' around standards and regulations with new 'currencies' is fraught with weaknesses and will require new thinking to ensure there is no 'wild west' approach with peoples' money! by Michael del Castillo Forbes Staff, 9 November 2018 Cryptocurrency exchanges, be warned. There’s no out-innovating the regulatory reach of the U.S. Securities and Exchange Commission. Clarifying an announcement yesterday that the SEC is in the middle of its first-ever case against a cryptocurrency exchange running on the ethereum blockchain , Robert Cohen, the chief of the SEC’s newly created cyber unit, exclusively told Forbes that using any blockchain to create an exchange without central operations doesn’t remove the original creator's responsibility. As similar decentralized exchanges are being launched with increasing ease and frequency, the warning shows how serious the SEC is about taming the cryptocurrency Wild...
INTRODUCTION to Blocks to BlockChain Blog
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The generational memories of those who once used paper and pencil to plan and conduct business, to those who today barely know what manual writing is about – so much has changed. In my lifetime I’ve seen many developments and pioneered a few along the way. I’ve watched as room-sized, mainframe computers and keypunch cards morph into centralised dumb terminals. Tandy and Commodore provided lovingly called, “Propellerheads” with components to build primitive PCs. Recording media started on audio cassette tapes and achieving 512K storage space was huge. We activated our builds by writing software programs using page after page of complicated code, published openly in Byte or Creative Computing magazines. GUI replaced DOS green screens. JavaScript arrived, ARPANET was commandeered for public use to begin the flood of today’s email and social media miasma. The Internet brought websites. Mainframes became dumb termina...