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Japanese Government Launch Software to Track Fraudulent Cryptocurrency Transactions

September 5, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Crime, Exchange, News, Regulation

While the Asian region, notably Japan and South Korea, remain receptive to bitcoin and the altcoins, bad actors have seized the opportunity to operate freely in the area. Now, Japanese authorities are introducing software that could help track fraudulent cryptocurrency transactions and aid criminal investigations, as first reported by NHK...

Japan’s FSA Set to Introduce New Cryptocurrency Regulations After Speculative Trading Runs Rampant

Japan to Carry out More Extensive Screening Activities for new Cryptocurrency Exchanges

September 4, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Crime, Ethereum, Exchange, News, Regulation

In a bid to protect investors' interest and make it difficult for bad actors to launch cryptocurrency trading platforms in Japan, the Financial Services Agency (FSA) has tightened its screening process for new virtual currency exchanges, as first reported by the Japan Times on September 2, 2018. Tougher Screening Exercise...

Cryptocurrency Exchange Bittrex Invests in Maltese Blockchain Startup Palladium

September 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Finance, Investment, News

Bittrex, the world's 20th largest digital assets exchange by daily traded volume, has bought a 10 percent stake in Palladium, a distributed ledger technology (DLT) project focused on eliminating the challenges hodlers face while trying to make payments with cryptoassets, buy digital assets from their bank accounts and more, as...

PwC Set to Train Employees on Blockchain Technology, 3D Printing and Other Digital Technologies

September 1, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, News, Regulation, Tech

Big four professional services network, PricewaterhouseCoopers (PwC), is looking to train about 1,000 of its employees on digital technologies including distributed ledger technology (DLT), A.I, 3D printing and more. The initiative is aimed at giving the firm an advantage over its competitors in the marketing consulting industry, as first reported...

DNA: The Safest Way to Store your Bitcoin Fortune

September 1, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Crime, Finance, News, Platform

To date, storing cryptocurrencies securely remains a significant concern for bitcoin enthusiasts. To address this challenge once and for all, Carverr has created a hack-proof way for digital assets investors to store their DLT-based virtual currency wallet passwords or private keys in a microtube of DNA, as first reported by CNET...

Origin Protocol Launches its Decentralized, Secure, and Auditable Messaging System

August 31, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Development, News

Origin, an Ethereum smart contracts blockchain and IPFS-based protocol for creating sharing economy marketplaces, has launched its decentralized, secure and auditable messaging system, to allow users communicate seamlessly, according to a news release on August 29, 2019. Real-time DLT-based Communication According to its Medium blog post, unlike centralized messaging apps,...

Venezuelan Authorities Mandate Local Banks to Integrate Oil-backed Petro Cryptocurrency

August 30, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Finance, News, Regulation

Venezuela's President Nicolas Maduro and his cabinet are determined to liberate the nation from the age-long economic crisis that has plagued the region, with its native digital currency the Petro. Per a France 24 report on August 28, 2018, authorities have ordered local banks present in the region to adopt...

Brazilian Cryptocurrency Investment Platform Hacked, Personal Data of 264 Investors Leaked

August 29, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, Exchange, Investment, News

Cyberpunks have broken into the system of Brazil's controversial bitcoin investment platform, Atlas Quantum. If the report by local news source Portal do Bitcoin on August 26, 2018, is anything to go by, the hacker was unable to steal digital assets of investors but succeeded in leaking sensitive information of 264K...

North Korea Moving to Crypto Exchanges and Mining

August 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Crime, Exchange, Mining, News, Regulation

While South Korea is fast becoming a formidable force to reckon with in the global cryptospace, it’s North Korean brother has been more interested in using its distributed ledger technology expertise to wreak havoc on the world. In similar, more law-abiding news, a report from Yonhap on August 27, 2018,...

Shrimpy Digital Asset Portfolio Management Platform Introduces Rebalancing to Coinbase Pro

August 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News

The American cryptocurrency exchange, Coinbase has allied with Shrimpy, a digital asset rebalancing platform, to help institutional investors and other users and other seamlessly rebalance their cryptoassets portfolios, according to a Medium blog post on August 24, 2018. Coinbase-Shrimpy Cryptoassets Rebalancing Rebalancing is the process of periodically buying and selling...

Chinese Internet Giant Baidu Ban Cryptocurrency-Related Discussions on Its Platform

August 28, 2018 by Ogwu Osaemezu Emmanuel at News

Following in the steps of WeChat and AliPay, favorite Chinese search engine, and social media platform, Baidu has started restricting digital currency and initial coin offering (ICO) related topics on its platform, according to a China Times report on August 26, 2018. Cryptos not Allowed According to sources close to...

U.S. SEC Pledge to Review Bitcoin ETFs Disapproval

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

Bitcoin Exchange Traded proponents were left disappointed on Wednesday when the US Securities and Exchange Commission (SEC) staffers disapproved nine ETF filings. However, according to a Reuters report on August 24, 2018, there appears to be a glimmer of hope for ETF hopefuls as the SEC's top officials are set...

OTC Cryptocurrency Traders in Trouble as Alipay Starts Monitoring Crypto-linked Payments in China

August 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Development, Exchange, Finance, Investment, News, Regulation

According to a Beijing News report on August 24, 2018, regulators have pledged to start scrutinizing and restricting all virtual currency-related payments on the Alipay mobile app. Even with the blanket ban on cryptocurrency trading and initial coin offerings (ICOs), Chinese investors still engage in over-the-counter bitcoin trading facilitated by...

Privacy Cryptocurrency Dash Becomes Choice of Currency for Venezuelans

August 24, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Development, Finance, News, Tech

In a bid to mitigate the adverse effects of hyperinflation on the Venezuelan economy, President Nicolas Maduro introduced the oil-backed petro crypto earlier in 2018. Now, as reported by Business Insider on August 22, 2018, other altcoins are beginning to gain massive adoption in the region, with dash leading the...

Kenyan Financial Institutions Looking to Integrate Blockchain Technology

August 24, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Several banks have adopted distributed ledger technology (DLT) across the world due to its ability to help them minimize costs and maximize profit. According to a Bloomberg report on August 22, 2018, Kenyan banks are now seeking approval from the nation’s regulators to adopt the innovation, in a bid to...