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Politician Bitcoin Press Conference at the Podium

Democrats Victories in California, Colorado Gubernatorial Elections Good for Bitcoin

November 9, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Finance, News

At a time when the bears have the upper hand in the cryptocurrency markets, the recent victories for blockchain and crypto loving political candidates in the recently concluded 2018 midterm elections within California and Colorado could be the much-needed catalyst for another bullish rally soon, reported ETF Trends, on November 7,...

Mauritus Flag over Safe Full of Digital Assets

Maritus Regulators to Equip Crypto Businesses with Custodial Licenses

November 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Due to the inadequacies of the previously laid down guidelines for its blockchain and cryptocurrency industry, the Financial Services Commission (FSC), Mauritius’ financial watchdog, has drafted new regulations to cover its DLT ecosystem and crypto-based businesses are now required to obtain a custodial license for cryptoassets, reported Finance Magnates on...

Thai Authorities Set to Use Blockchain Technology To Fight Tax Evasion

November 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Finance, News, Platform, Tech

In a bid to curb the menace of tax evasion and ensure workers pay their correct tax amounts, Thailand's Revenue Department has announced it would use distributed ledger technology (DLT) and machine learning for tax avoidance probes, according to a Bangkok Post report on November 5, 2018. Thai Authorities Unleash...

China’s Largest Taxi-Hailing App Will Soon Get a Blockchain-Based Counterpart

Remixpoint Inc. Ally with Hinomaru Limousine to Let Travelers Pay for Airport Rides with Bitcoin

November 5, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Business, Finance, News

Remixpoint Inc., the parent company of BITPoint cryptocurrency exchange, which is one of the 16 licensed digital assets trading venues in Japan, has joined forces with Hinomaru Limousine Inc., a local firm that claims to operate a fleet of 362 limos and 161 taxis, to make it possible for travelers...

China’s Lufax P2P Lending Platform Eyes Blockchain Technology

November 4, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Development, Finance, News, Platform

Lufax, China’s leading peer-to-peer lending and wealth management platform, has hinted its working on integrating distributed ledger technology (DLT) into its operations to reduce cost and increase transparency, reported The South China Morning Post on November 2, 2018. Lufax Joining the Blockchain Movement Per sources close to the matter, Lufax...

Coinsource, Inc. Granted Virtual Currency License by New York Regulators

November 3, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News, Regulation

Coinsource, Inc., a leading bitcoin teller machine (BTM) operator, has become the first of such firms in the world to be granted the infamous New York BitLicense, according to a press release by the New York State Department of Financial Services (DFS) on November 1, 2018. Coinsource Gets DFS Greenlight...

Hong Kong Exchanges and Clearing Adopts Blockchain Technology

November 2, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Finance, News

Hong Kong Exchanges and Clearing (HKEX), China's publicly-traded holding company that claims to be one of the most extensive market operations in the world, is developing a distributed ledger technology (DLT) powered platform aimed at helping international investors trade mainland Chinese shares via the Hong Kong Stock Connect platform, reported...

Canadian Regulators Warn Investors about Scam Crypto Firms

November 1, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Crime, Finance, Investment, News, Regulation

In a bid to sanitize the local finance ecosystem, the British Columbia Securities Commission (BCSC), one of the thirteen provincial financial watchdogs in crypto-friendly Canada, has warned investors to be wary of Eyeline Trading, an unregistered firm that claims to offer cryptocurrency trading and other bitcoin-linked investment products to clients,...

CoinText SMS-based Cryptocurrency Wallet Now Live in 33 Countries

October 31, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, News, Platform, Tech

CoinText.io, an SMS-based platform that allows users to send and receive cryptocurrencies without a smartphone or internet connection, has added Taiwan, Hungary, Estonia, Puerto Rico, and Slovenia to its growing list of supported regions, according to a press release on October 30, 2018. CoinText Extends Service To More Countries In its...

UK Energy Supplier Centrica to Trial Blockchain Technology

WePower (WPR) Collaborates with Elering to Transform Estonia’s Green Energy Ecosystem Via DLT

October 30, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, News, Platform

WePower (WPR), a blockchain-based green energy trading platform, has collaborated with Elering, Estonia's energy transmission firm, to tokenize a year's worth of the nation's grid data, in a first of its kind operation for the country's energy sector, according to a Green Tech Media report on October 29, 2018. WePower...

Cryptocurrency Exchange Bitstamp Acquired by South Korean Conglomerate for an Undisclosed Amount

October 30, 2018 by Ogwu Osaemezu Emmanuel at Business, Exchange, Finance, Investment, News, Platform, Tech

Bitstamp, one of the top-30 cryptocurrency exchanges in the world by daily trading volume, was acquired by Belgium-based investment company NXMH for an undisclosed amount in cash, reported Reuters on October 29, 2018. Another Crypto Exchange Acquired With the successful purchase, NXMH now reportedly has 80 percent stake in Bitstamp,...

Pawn Shops in Ukraine Set to Start Accepting Cryptocurrencies as Loan Security

Ukrainian Authorities Set to Implement State Laws Aimed at Legalizing Cryptocurrencies and ICOs

October 29, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, Ethereum, News, Regulation

The Economic Development and Trade Ministry of Ukraine is making serious plans to put in place a state policy aimed at legalizing all things cryptocurrency, including initial coin offerings (ICOs), bitcoin mining, among other activities, according to a local news source Ukrinform on October 26, 2018. Ukraine on the Verge...

U.K. Government Squashes Royal Mint’s Plans to Launch Gold-backed Cryptocurrency

October 28, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Finance, News, Platform, Regulation

Britain’s Royal Mint, a wholly government-owned mint whose primary objective is to create gold and silver coins for the state, will not be launching its gold-backed cryptocurrency any time soon, as the U.K. authorities have kicked against it, reported Reuters on October 23, 2018. Royal Mint’s Digital Gold Ambition Sees...

FSIN’s Internal Systems Hacked, Pays $20,000 in Bitcoin as Ransom to Cybercriminals

October 27, 2018 by Ogwu Osaemezu Emmanuel at Business, Crime, Finance, News

Database management and insecurity have continued to pose a threat to financial institutions and the cryptospace at large. The Federation of Sovereign Indigenous Nations (FSIN), a body committed to the promotion, protection, and implementation of the treaty promises, recently fell victim to hackers and paid $20,000 in bitcoin as ransom,...

Nasscom Urges Indian Startups to Shy away from Cryptocurrency

October 27, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), a nonprofit body focused on handling India's information technology sector, has said that bitcoin and other digital assets are illegal in India. As such, businesses are required to desist from engaging in crypto-related activities, reported the...

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