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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...

Ledger Wallet in Hand with Blockchains in the Background

Neufund Partners with Ledger to Launch Blockchain-Based Platform for Managing Security Tokens

December 9, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News, wallet

Neufund, a platform that claims to enhance real-world assets with legally enforceable security tokens, has joined forces with Ledger, a France-based global manufacturer of hardware cryptocurrency wallets, to launch a highly secure blockchain platform to enable users to manage their real-world security tokens, according to a press release on December...

Blue Sweatered Person Holding Stack of Stablecoins

BitGo Now Supports Universal Protocol Alliance Stablecoins

December 8, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Business, Development, Exchange, Finance, News

BitGo, a leading blockchain security and cryptocurrency custodian based in California, has formed a strategic alliance with the Universal Protocol Alliance. The partnership will enable BitGo to offer support for the latter's cryptoassets, including its U.S. dollar (UPUSD) and euro-pegged (UPEUR) stablecoins, according to a Business Wire press release on...

McAfee Report: Cryptocurrency Mining Malware to only Grow in Magnitude

Cryptojacking: 415,000 Routers Infected with Cryptocurrency Mining Malware Globally

December 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Platform, Tech

While the price of bitcoin has nearly hit rock bottom from its $20,000 all-time-high of 2017, the bloodbath has not deterred bad actors from carrying out cryptojacking attacks. According to a Digital Trends report on December 4, 2018, rogue actors have installed crypto mining malware on 415,000 MikroTik routers globally. Cryptojackers on...

Pilot in a Flying Cabinet with Streaks of Blockchain Shooting out

The U.S. Air Force Release Interactive Tools to Help Supply Chain Professionals Use Blockchain Technology

December 6, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, News, Platform, Tech

The United States Air Force Institute of Technology (AFIT) has launched interactive tools targeted at making it easier for supply chain professionals to understand and effectively use distributed ledger technology (DLT) according to a press release on December 3, 2018. AFIT Set to Revolutionize the Military Supply Chain System In...

Thai Cryptocurrency Exchange Set to Launch Security Token (STO) Offering Despite Bitcoin Price Slump

December 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Exchange, Finance, Investment, News

Despite the chilling crypto winter, bitcoin-friendly Thailand remains enthusiastic and determined to hodl on. As first reported by Nikkei Asian Review on December 4, 2018, the highly reputed Thai cryptocurrency exchange, Satang Corp. has announced plans to launch its security token offering (STO) by early 2019, and the government of...

Man in Collared Shirt Holding Black EOS Voting Ballot

Starteos EOS Block Producer Says it Will Share Proceeds with its Voters

December 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Finance, News

Starteos, one of the 21 block producers of the EOS blockchain has reportedly announced it would share part of its profits with users who hold its tokens, as a way of appreciating its voters, Finance Magnates reported Dec. 4, 2018. Starteos Helping Voter Survive the Crypto Winter Starteos, a firm...

26 French Firms Test R3 Consortium’s PoC Blockchain Solution for KYC

December 5, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Finance, News, Regulation

Twenty-six France-based companies including RCI Bank, Allianz France, Alten, BNP Paribas, and others, have tested R3's proof-of-concept blockchain solution with support from the French Association of Corporate Treasurers (AFTE). The system is targeted at helping firms conduct better know-your-customer (KYC) checks, according to a press release by RCI Bank on...

Man in Suit Choosing BCH ABC Sign of BCH SV

GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading

December 5, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Exchange, Finance, News

GMO Coin, the digital assets trading venue owned by Japan’s GMO Internet, Inc. has reportedly made it clear that bitcoin cash ABC is its preferred choice among the two versions of the November 15, 2018, hard fork. BCHABC trading was expected to resume on December 4, 2018, according to a...

Gravity Earth Brings Hope to Refugees via Blockchain Technology

December 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Finance, News, Platform

Gravity Earth, a Kenya-based distributed ledger technology (DLT) startup is using the groundbreaking technology to change the lives of refugees by managing their data and giving them access to financial services through blockchain technology, according to a TechCrunch report on November 29, 2018. Using Blockchain Technology to Improve Standards...

solar panels in africa blockchain technology

Blockchain Technology Can Solve Africa’s Energy Problems

December 1, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

Despite the abundance of many forms of natural energy in Africa, including solar, wind and hydro, several parts of the vast continent still have no access to 24/7 interrupted electricity. According to a World Economic Forum report on November 29, 2018, blockchain technology can fix the energy issues of Africa if...

UAE Government Launch National Blockchain Technology and Artificial Intelligence Initiatives

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

At the Second United Arab Emirates (UAE) Government Annual Meeting held in Abu Dhabi, the region's authorities launched two national platforms targeted at reinforcing the UAE's artificial intelligence (AI) and blockchain technology ecosystems and ultimately make the state a hotbed for new technologies, reported the Emirates News Agency on November...

Swiss Court Orders Shut Down of Envion Cryptocurrency Mining Startup

November 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

Envion, a Switzerland-based startup that claims to make use of renewable energy in providing off-grid cryptocurrency mining, has reportedly been shut down by the cantonal court of Zug, in crypto-friendly Switzerland following an alleged illegal initial coin offering (ICO), according to a Handelsblatt Global report on November 28, 2018. Envion...