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IBM and Twiga Foods Use Blockchain Technology to Offer Loans to Retailers in Kenya

April 28, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Tech

Tech giant IBM has been at the forefront of the blockchain revolution for ages past, developing and deploying decentralized solutions for large corporations and retail shops alike. Now, Big Blue has taken the gospel of distributed ledger technology to Africa where its enabling retail fruit sellers access to microloans thanks...

Chinese Police Seize 600 Bitcoin Mining Equipment and Arrest Unauthorized Miners

April 27, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Mining, News, Regulation

China has since placed a blanket ban on initial coin offerings (ICOs), bitcoin, and the altcoins but the autocratic government is yet to impose an embargo on Bitcoin mining. Now, the local police force has arrested some miners and seized their machines as well as mining equipment, citing power theft....

Cryptocurrencies standing proud waving the French flag blockchain

French Authorities Slash Tax Rate on Bitcoin-related Transactions

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

At a time when several countries of the world are busy slapping hefty and entirely unreasonable tax rates on bitcoin-related transactions, the French Council of State has drastically reduced the fees bitcoiners will pay to the government with effect from April 26, 2018. Movable Property According to Le Monde, French...

Danish Man Auctions his Properties to Invest in Bitcoin and Travel the Globe

April 26, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Finance, News

While some in the corporate world believe bitcoin and other cryptocurrencies are huge bubbles invested in by stupid people, Danish citizen Jonas Hornehaj sees the cryptospace from an entirely different perspective. He’s sold off all his belongings, funded by his proceeds from bitcoin and is now on an adventurous world...

Is a $10 Billion Korean Gaming Company Looking to Acquire Crypto Exchange Bitstamp?

April 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News

Rumors are rife that the world's oldest bitcoin exchange, Bitstamp, is up for grabs at a whopping $350 million price tag and $11 billion gaming giants, Nexon, are ready to ink a deal with the exchange at any moment. Bitstamp for Sale According to Finance Magnates, for several weeks rumors...

Prime Suspect of Iceland’s ‘Big Bitcoin Heist’ Escapes from Prison

April 25, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, News

Crypto-friendly Iceland witnessed its first massive virtual currency related theft back in December and January when bitcoin mining equipment worth millions of dollars were stolen from data centers in the country. Now, all hopes of recovering the stolen machines may be shattered as the number one suspect has vanished from...

Chinese Authorities: We Have Successfully Shutdown all ICOs and Cryptocurrency Businesses in China

April 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News, Regulation

China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that all relevant businesses have indeed been crushed. A Close Watch...

Russia Supreme Court: Embargo Placed on Bitcoin Website Must Be Reviewed

April 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Russia's stance on bitcoin and cryptocurrencies, in general, remains very unclear. While the authoritarian nation has embraced the gospel of distributed ledger technology (DLT) wholeheartedly, the story is not the same for the monetary applications that rest on top of blockchain protocols. Bitcoin not Legal Tender It all began in...

A Guide to Initial Coin Offerings (ICOs)

Investors Sue Another Crypto-Related Firm for ‘Disguising its ICO’

April 24, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Regulation

Xunlei, a China-based multinational firm has been dragged to Court by investors who feel they were deceived by the firm to invest in its ICO project in 2017. Initial Coin Offering or Puff of Smoke? The CEO of Xunlei, Chen Lei has strongly refuted accusations leveled against his firm claiming...

Audacity: Crypto Exchange Kraken CEO Tells New York Attorney General to Mind His Business

April 23, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Commentary, News, Regulation

At a time when several cities and nation-states of the world are warming up to regulating the blockchain and cryptocurrency ecosystem, Kraken, a pioneer bitcoin and altcoin exchange, have made it clear to New York regulators that it won't respond to their irrelevant inquiries. Mind Your Own Business At current,...

Philippine Senator: More Stringent Penalties for Crypto-related Crimes Essential

April 22, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, News

Just like in the traditional finance system, bad actors are gradually infiltrating into the nascent world of virtual currencies. Heists and crypto-related robberies are steadily on the increase, almost in tandem with the meteoric rise of the price of bitcoin and the altcoins. Amidst this backdrop, a Senator in the...

Silicon Valley VCs: The U.S SEC Needs to Soft Pedal on ICO Regulation

Silicon Valley VCs: The SEC Needs to Soft Pedal on ICO Regulation

April 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Finance, News, Regulation

In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly. However, some heavy-hitting VC firms in Silicon Valley have...

A Blockchain Based Excise System Promises Efficiency to Thailand's Oil Industry

Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

April 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Mining, News

A handful of forward-thinking Wall Street analysts have been inspired to turn gas producers in Texas's oil-rich Permian Basin a healthy profit by simply converting their ‘useless' natural gas into bitcoin and other cryptocurrencies. Gas Flaring to Bitcoin Mining Some cryptocurrencies use a proof-of-work (PoW) algorithm, a consensus that requires...

China Police Crush $13 Million Crypto Ponzi Scheme

April 20, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Commentary, Finance, News

Though global security forces are doing their best in the battle against all forms of unlawful activities, ‘cryptocriminals' are unrelenting in their efforts to make unsuspecting and somewhat gullible virtual currency enthusiasts shed tears. Now, the Chinese police force has crushed a $13 million cryptocurrency pyramid scheme. Game Over Security...

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

April 20, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry. The Korean Blockchain Association, a reputable body in the South Korean cryptocurrency space, has proposed...