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Fraudsters Impersonate United Kingdom’s FCA in Bitcoin Email Scam

July 24, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The Financial Conduct Authority (FCA), the top financial watchdog of the United Kingdom, has warned crypto enthusiasts of a scam email that has been impersonating it in a bid to lure unsuspecting investors into investing in a fake bitcoin (BTC) investment scheme, reports FT Adviser on July 22, 2019. Scam...

A man carrying remitance payments in a blockchain blockch dollar bags from singapore to philippines

Philippines: Union Bank Facilitates First Blockchain-Based Remittance

July 23, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Union Bank of the Philippines has joined forces with OCBC Bank of Singapore to facilitate a cross-border transfer from Singapore to the Philippines using the Ethereum-powered Adhara liquidity management, and international payments platform its (Unionbank) proprietary i21 platform, reports local news source Fintech Singapore on July 23, 2019. Union Bank...

Man with a megaphone chanting blockchain into the green land

VeChain (VET) Inks MoU with the Republic of San Marino

July 23, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

The VeChain (VET) distributed ledger technology (DLT) project has signed a memorandum of understanding (MoU) with the government of the Republic of San Marino and DNV GL Business Assurance Group AS to develop a blockchain-based innovation ecosystem dubbed the “San Marino Low carbon ecosystem”, according to a press release on...

Blockchain Technology Flying around earth like superman

Research: Global Financial Services Executives Believe Blockchain is Essential

July 23, 2019 by Ogwu Osaemezu Emmanuel at Business

Nine out of ten global executives in the financial services and insurance industry (FS&I) believe in the need for transformational digital change through the use of distributed ledger technology (DLT) and artificial intelligence (AI) amongst other new technologies. They say these innovative technologies are needed to stay ahead of the...

Magnifying Glass Cracking the Libra Coin

Kenyan Central Bank Governor Believes Facebook’s Libra is too Risky

July 23, 2019 by Ogwu Osaemezu Emmanuel at Finance

The Central Bank of Kenya (CBK) has given its take on Facebook’s Libra cryptocurrency project. The apex bank has said that Libra comes with phenomenal risks that need to be properly understood, reports local news source, Telecompaper on July 22, 2019. CBK Wary of Libra Per sources close to the...

A Smart city sorrounded by blockchain, wifi, security, the cloud retail blue skyscrapers

Decentralized Security Could be Vital for Smart Cities

July 22, 2019 by Ogwu Osaemezu Emmanuel at Tech

At a time when authorities in a good number of cities across the globe are working towards using new technologies such as artificial intelligence (AI), distributed ledger technology (DLT) and the internet of things (IoT) to digitize their entire processes in a bid to become smart cities, the Sentinel Protocol...

Bitcoin mining rig being handled atop the Iranian Flag and Tarif

Iran to set Electricity Tariffs for Bitcoin Mining

July 22, 2019 by Ogwu Osaemezu Emmanuel at News

Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019....

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...

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...

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