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ICO Scam: AriseBank and its Founders to Refund Investors $2.7 Million

December 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Crime, Finance, News, Platform, Tech

The United States Securities and Exchange Commission (SEC) has won a prolonged court battle against the AriseBank blockchain project which organized a fraudulent initial coin offering (ICO) that claimed to had raised $600 million from investors last year. Now, authorities have ordered the founders of the project to pay investors...

IBM Phone Charging with a Blockchain Cable

IBM Developing Blockchain-Based Solutions to Transform India’s Telecoms Sector

December 14, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Development, News, Regulation

Distributed ledger technology (DLT) heavyweights IBM is reportedly working with Indian telecommunications firms to help them create blockchain solutions aimed at enhancing “mobile number portability” and “Do Not Call” registries, according to an Economic Times report on December 12, 2018. IBM Creating DLT Solution for India’s Telecoms Per sources close...

Seafarer Pulling a Blockchain Block across a Ship Deck

Global Maritime Industry Firms Launch Blockchain Platform for Certification of Seafarers

December 14, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Finance, News, Platform

Lloyd's Register Foundation, a U.K.-based charity organization, has funded a blockchain solution that will enable firms in the maritime industry, including Maersk Line, Maritime Blockchain Labs (MBL), and others to carry out a host of operations via distributed ledger technology (DLT), including verification of safety documentation and seafarers certificate depository...

OneGold Partners with BitPay to Enable it Accept Cryptocurrency Payments for its Precious Metals

December 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Development, News

OneGold, an online marketplace that makes it possible for people to buy, sell, store, and redeem precious metals, has joined forces with BitPay, a leading Bitcoin payments processor, to enable it access bitcoin (BTC) and bitcoin cash (BCH) payments for its products, according to a press release on December 11,...

Gibraltar Blockchain Exchange (GBX) Secure Insurance Coverage for its Cryptoassets

December 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, News, Regulation

The Gibraltar Blockchain Exchange (GBX), a regulated cryptocurrency exchange from the stables of the Gibraltar Stock Exchange (GSX), has secured insurance coverage with Callaghan Insurance for all blockchain-based virtual currencies listed on its platform, according to a press release by the GBX on December 10, 2018. GBX Guards itself against...

Analysis: Cryptocurrency Point of Sales (PoS) Platforms Could Fuel Global Crypto Adoption

December 12, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Business, Finance, News

While the cryptocurrency markets bull run of 2017 succeeded in bringing digital assets global consciousness, the rollercoaster ride did very little to increase meaningful adoption, as most holders bought bitcoin and other cryptoassets for only speculative purposes and not for payments. However, with the bears fully in charge and volatility...

UNICEF Joins the Blockchain Movement, Set to Fund Various Blockchain Projects in Emerging Economies

December 11, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Development, Finance, News

In a bid to make it easier for innovators in emerging economies to solve real-life problems with distributed ledger technology (DLT ), the UNICEF Innovation Fund, has announced a move to invest heavily in six blockchain startups in developing and emerging economies, according to a press release on December 10,...

Bitcoin Price Slump Forces Bitmain to Shut Down Israeli Center

December 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, Mining, News

Bitmain, the world's leading bitcoin ASIC miner maker, is set to close its developmental center located in Ra’anana, Israel and lay off 23 employees, following the recent crash in the price of bitcoin and other cryptoassets, reported local news source, Globes on December 10, 2018. End of the Road?...

China To Crackdown on Both National and International Bitcoin Exchanges

Conducting Security Token Offerings (STOs) in China Is Illegal

December 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Finance, News, Regulation

At a time when Security Token Offerings (STOs) are gradually gaining grounds in the cryptospace, with some observers predicting the new type of fundraiser will replace initial coin offerings (ICOs), deputy governor of the People’s Bank of China (PBoC) has made it clear that STOs are illegal in China, reported...

Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

December 10, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Finance, News, Platform, Tech

The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10.5 cubic feet of natural gas daily, has joined forces with IBM to enable it integrate distributed ledger technology (DLT) into its operations and reduce...