Vitalik Buterin fake death crashes Ethereum

Ethereum lost 14.5% in 24 hours due to a fake "death"
26 June
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

The fake news appeared on 4chan’s /biz/ thread at 4:30PM EST on 25th June. The post had a header “Vitalik Buterin confirmed dead”, but no proof link was inside.

The "news" started to be actively discussed, however, none of the commentators could confirm the death of Vitalik.

After some time, comments became more and more "scary" due to the fact that there was no response from Buterin. But it is necessary to remember that he lives in Singapore, so, it was early morning there. 

Also, someone edited Wikipedia page about Vitalik, put it to past tense. 

Vitalik Buterin wiki page
Vitalik Buterin wiki page

Some "news" sites began to add details on Vitalik's fake death. Still, no proofs. 

Fake death news

Luckily, it was a hoax and Vitalik is alive and doing great.

This tragic "news" had a big negative effect on Ethereum's rate. 

Ethereum Chart
Ethereum Chart

In general, Ethereum lost 14.5% in 24 hours.

Gibraltar launches license for firms using blockchain

The license would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments
14 December

The Gibraltar Financial Services Commission (GFSC) will introduce the world’s first bespoke license for fintech firms using blockchain technology from next month in in attempt to attract start-ups.

The license is the first of its kind and would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments, paving the way for broader adoption.

This is the first instance of a purpose-built legislative framework for businesses that use blockchain or distributed ledger technology.

 

Nicky Gomez

The head of risk and innovation, GFSC

GFSC will publish guidance on Friday for applying its new law for firms that use blockchain to “transmit or store” cash and assets belonging to others - much in the same way as a bank is authorized.

According to Nicky Gomez, Gibraltar expects firms numbering well into “double digits” to seek authorization after the new rules come into force on January 1. Firms will have to treat customers fairly, and must have adequate IT systems and controls to comply with anti-money laundering and terrorist financing rules.