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HitBTC Cryptocurrency Exchange Stops Servicing Japanese Residents

June 5, 2018 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The regulatory wars continue. The eighth largest crypto exchange in the world by traded volume, HitBTC, has barred Japanese citizens from using its platform citing regulatory issues. Goodbye Japan According to a blog post by the firm on June 3, 2018, the HitBTC team has made it clear its effort...

The Writings On The Wall For Alleged Cryptocurrency Ponzi Scheme

Indian Bitconnect Promoters Attacked by Angry Investors

June 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, News, Regulation

While the Bitconnect Ponzi scheme has been dead and buried in the U.S., its ghost is still causing mayhem in India. In the latest development, the Ahmedabad Criminal Investigation Department (CID) has arrested a Bitconnect investor, Shailesh Bhatt for forcefully extorting more than 2,000 bitcoin from promoters of the cryptocurrency-powered...

Bitcoin Candy Dispenser Reveals Sweet Future for Bitcoin Micropayments

June 2, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, News, Tech

Since the price of bitcoin (BTC) hit the moon and earned global recognition, many have criticized the flagship cryptocurrency for its inability to process micropayments such as purchasing groceries or paying for chocolate at a neighborhood store. The Knezic Revolution However, a Swiss coder has proven all bitcoin pessimists wrong...

Indian Telecoms Authority Turns to the Blockchain to Protect Mobile Phone Users’ Privacy

June 1, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, News, Regulation, Tech

While India has crippled its cryptocurrency markets with draconian regulations, the South Asian nation is however not willing to let the blockchain revolution pass it by. In the latest development, the Telecom Regulatory Authority of India (Trai), has turned to Distributed Ledger Technology (DLT) to curb the menace of sending...

Rural Banks in the Philippines use ConsenSys Ethereum Blockchain System to Facilitate Real-time Transactions

Rural Banks in the Philippines to use ConsenSys’ Ethereum Blockchain System to Facilitate Real-time Transactions

June 1, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, News, Tech

On May 27, 2018, ConsenSyS announced the selection of five rural banks in the crypto-friendly Philippines to try out its blockchain-based real-time payments solution. Banking the Unbanked The Union Bank of the Philippines has joined forces with the ConsenSyS blockchain startup to change the faces of five rural banks in...

Substandard: Bitmain’s Antminer B3 Bitcoin Miner Not Exactly as Hyped

May 31, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Commentary, News

The world's largest Bitcoin miner-manufacturer, Bitmain, has gotten into the bad books of some of their Chinese customers by manufacturing a substandard cryptocurrency mining machine. During April 2018, at the Blockchain and Artificial Intelligence summit forum in Hangzhou, Bitmain's Head of Miner Sales, Fan Xiaojun introduced the B3 Miner and...

South Africa’s Sygnia Joins the Bitcoin Bandwagon, Set to Launch Own Cryptocurrency Exchange

May 31, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

The African continent is not ready to occupy the back seat in the blockchain and cryptocurrency revolution, as several firms in the region are contributing their bit to the crypto movement. On May 25, 2018, Johannesburg-based Sygnia investment firm has hinted it's starting a blockchain-powered virtual currency exchange by the...

PwC Australia to Launch Blockchain Solution to Enhance International Trade and Commerce

May 30, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Tech

The Australian arm of PricewaterhouseCoopers, a London-based multinational professional services network, in collaboration with the Australian Chamber of Commerce and Industry (ACCI), and the Port of Brisbane has launched a ‘Trade Community System,’ powered by distributed ledger technology. The Power of the Blockchain The Trade Community proof-of-concept system is targeted...

The Taylor Cryptocurrency Trading App Losses Funds to Cyberpunks

May 30, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, Ethereum, Finance, News

In what has been termed a highly coordinated attack, the Taylor cryptocurrency trading assistant platform has lost a whopping $1.5 million worth of ether (ETH) and its TAY altcoin to hackers on May 22, 2018. Taylor Hacked Of a truth, crypto-related businesses and exchanges have been investing massive sums of...

Largest Cryptocurrency Exchange in Zimbabwe Sues the Nation’s Central Bank and Wins

May 30, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News, Regulation

It's now becoming quite common for apex banks to take the law into their own hands and place blanket bans on cryptocurrencies even though they have little or no legal rights to make such drastic decisions. On May 11, 2018, the Reserve Bank of Zimbabwe (RBZ) barred citizens from owning,...

Xapo’s Bitcoin Wallet Adds Support for Segregated Witness

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

Back in August 2017, Segregated Witness (SegWit) was implemented for bitcoin; a protocol that’s aimed at alleviating the problems of scalability and high transaction fees. Now, Xapo has integrated SegWit into its wallets and vaults in a bid to serve its retail clients as well as institutional investors who use...

Game Over for Dark Web Bitcoin Lord As Authorities Send “Courvoisier” to 10 Years in Jail

May 27, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Crime, News, Tech

Since the beginning of time, there has been crime, and bad actors in the world and this phenomenon will not cease anytime soon. In what has been described as the first of its kind operation in the history of the over a century old department, London police have sentenced "Courvoisier"...

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

May 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions...

German Stock Exchange Ponders Offering Bitcoin Trading to Clients

May 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

Even with the reign of the bear market, it seems more and more financial institutions are seriously looking to join the bitcoin train. On May 24, 2018, Frankfurt-based Deutsche Borse AG has hinted it's weighing the possibility of offering clients bitcoin and other crypto-related products. Fighting the Bitcoin Bug According...

Cryptocurrencies standing proud waving the French flag blockchain

No Free Lunch: IBM Promises to Employ 1,800 French Blockchain Technology Experts

May 25, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Tech

IBM CEO Virginia Rometty was one of the dignitaries present at the "Tech for Good" conference organized by French President Emmanuel Macron on May 23, 2018. And she has pledged to hire 1,800 French nationals as part of the tech giant's contribution to Macron's project which seeks to make France...

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