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China National Blockchain Network Goes Live April 2020

Chinese Tourism Sector Adopt Blockchain for Invoicing in Yunnan Province

July 22, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

In a bid to issue tamper-proof invoices and attract more tourists to the region, China's Yunnan province has integrated distributed ledger technology (DLT) into its processes. The new blockchain-based invoicing system is cost-efficient and easy to use, according to an ECNS report on July 21, 2019. Boosting Tourist Attraction with...

CryptoKart's door closed, broken and ruined.

India: Cryptokart Exchange Shuts Down Citing Regulatory Uncertainties

July 22, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Cryptokart, an India-based cryptocurrency exchange is now among several other bitcoin trading venues in the South Asian country that have closed their doors due to regulatory uncertainties and lack of interest on the part of consumers, reports New Indian Express on July 20, 2019. Another Indian Exchange Kicks the Bucket...

Bitso Crypto Exchange Secures License from Gibraltar Regulator

July 21, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Mexico-based bitcoin trading venue and cryptocurrency exchange Bitso has obtained a regulatory license from the Gibraltar Financial Services Commission (GFSC), according to a blog post on July 19, 2019. Bitso Exchange Gets Regulated As stated in its blog post, leading Mexican cryptocurrency exchange, Bitso has obtained a regulatory license from...

Magnifying Glass Cracking the Libra Coin

Bank of Thailand: Libra’s Benefits and Risks must be carefully Studied

July 20, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on July 19, 2019. BoT to Closely Monitor Libra Per sources...

The Woz lookking happy infront of Eforce company picture

Apple’s Steve Wozniak Launches Blockchain Firm in Malta

July 19, 2019 by Ogwu Osaemezu Emmanuel at Business

Steve Wozniak, the co-founder of Apple has launched EFFORCE, a Malta-based startup that’s looking to use distributed ledger technology (DLT) to improve energy use and lower consumption, reports Independent on July 18, 2019. “Woz” Launches EFFORCE in Malta Per sources close to the matter, Steve “Woz” Wozniak, the renowned American...

Binance parachutes airdropping crates of stellar lumens xlm

Binance to Launch Stellar (XLM) Staking and Airdrop 9,500,000 XLM

July 19, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Binance, the world’s leading bitcoin trading venue is set to add support for Stellar (XML) staking starting from July 20, 2019. Holders of Stellar (XLM), the 10th largest cryptoasset in the world, in their Binance wallet will partake in the 9,500,000 XLM airdrop, according to a press release on July...

Israeli Cybersecurity Experts Predict More Attacks on Crypto-Related Businesses in 2018

Notorious Israeli Crypto Criminal Dragged to Court

July 18, 2019 by Ogwu Osaemezu Emmanuel at Crime

Eliyahu Gigi, a notorious Israeli hacker who allegedly stole NIS 6.1 million ($1.7 million) in bitcoin (BTC) ether (ETH) and other altcoins from foreign citizens through illegal means, has been indicted by Israeli authorities, reports local news source Globes on July 18, 2019. Israeli Hacker Nabbed Per sources close to...

Ontology (ONT) and NEO (NEO) Launch Open Cross-Chain Platform

July 18, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins

NEO (NEO), an open-source, community-driven platform for decentralized applications (dApps) has joined forces with Ontology (ONT) to build an open cross-chain platform to serve as a foundation for the next-gen internet, according to a press release on July 18, 2019. NEO and Ontology Building the Next-Gen Internet In a bid...

The Pundi X phone at a rocking night club

Pundi X Launches Africa’s First Blockchain Smartphone

July 18, 2019 by Ogwu Osaemezu Emmanuel at Tech

While at the GSMA Mobile 360 Africa event on July 16, 2019, Pundi X, a distributed ledger technology (DLT) startup launched XPhone, a blockchain-based smartphone in Kigali, Rwanda. XPhone is the first blockchain-powered smartphone to be unveiled in Africa, reports Newtimes on July 17, 2019. First Blockchain-based Smartphone to be...

Cryptocurrencies standing proud waving the French flag blockchain

French Regulators Set to Approve Bitcoin-Linked Firms

July 18, 2019 by Ogwu Osaemezu Emmanuel at Regulation

France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax...

PayPal Set to Challenge Blockchain-Based Payments with Xoom

July 17, 2019 by Ogwu Osaemezu Emmanuel at Finance

PayPal, the global payments giant, has announced that its Xoom payments and remittance solution will soon go live in the United Kingdom and 31 markets across the world, reports PYMNTS on July 15, 2019. PayPal Extends Xoom's Reach In a bid to remain relevant in a world where cryptocurrency and...

Diamonds Sitting next to a Pyramid Scheme

Venezuelans File $30 Million Lawsuit against Crypto Ponzi Scheme

July 17, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme. Now, the plaintiffs are demanding their initial investment money plus interest on the funds, as well as fees...

Bitcoin Suisse Applies for Banking License with Swiss Regulators

July 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to expand its crypto product offerings and strengthen its position as a global provider of crypto-based financial services, Bitcoin Suisse AG has applied for a banking license with the Swiss Financial Markets Supervision Authority (FINMA), according to a press release on July 16, 2019. Bitcoin Suisse Seeks...

CoinFLEX to Launch Polkadot’s DOT Futures on July 17, 2019

July 17, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

CoinFLEX, a platform that offers physically-delivered Bitcoin and Tether futures, is looking to launch its first initial futures offering (IFO) on July 17, 2019. The first project, Polkadot’s DOT tokens, will be offered at $75 each during the IFO. The sale is in a bid to meet a $1.2 billion...

SeedCX BitLicense card Statue of Liberty God Bless America

SeedCX Subsidiaries Secure New York BitLicense

July 16, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Seed CX, a regulated bitcoin trading platform for professionals, has achieved a significant feat in its development, as two of its subsidiaries, Seed Digital Commodities market LLC (SCXM) and Zero Hash LLC, have obtained virtual currency licenses from the New York State Department of Financial Services (DFS). Securing the BitLicense...

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