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Bank of Korea to Establish Digital Asset Task Force

ICO Ban to Continue in South Korea, FSC Says

February 1, 2019 by Aisshwarya Tiwari at Altcoins, Business, Finance, News, Regulation

South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019. ICO Fiasco in South Korea South Korea officially curbed ICOs on September 29, 2017, when the FSC stated that it...

Proof-of-Location Project Platin Secures Investment from EOS Ecosystem Fund

February 1, 2019 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Investment, News

A press release dated January 30, 2019, states Platin, the Israel-based decentralized Proof-of-Location (PoL) protocol, has successfully secured investment from EOS Global’s EOS ecosystem fund. The fund is a partnership fund of Block.one’s EOS VC investment arm. Platin to Develop Their Service in the EOS Ecosystem Per the press release,...

Cryptocurrency Winter Forces the NEM Foundation to Restructure Mode of Operation

February 1, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Commentary, Finance, News

NEM Foundation, the team in charge of the NEM (XEM) blockchain project, has announced a significant change to its mode of operation due to the recent downturn in the cryptocurrency markets, according to an official announcement by the team on January 31, 2019. NEM Foundation Restructured to Cut down Cost...

Bitcoin and Ether Market Update: January 9, 2020

Bitcoin and Ether Market Update: February 1, 2019

February 1, 2019 by Georgi Hristov at Altcoins, Bitcoin, Blockchain, Business, Cryptocurrency Market Outlook, Ethereum, Finance, News, Price Analysis

The total crypto market cap is down with $1 billion since January 30, 2019, and now sits at $112.5 billion. Bitcoin is still hovering around $3,400, while the price of ether remains unchanged. BTC/USD On January 30, bitcoin saw its first day of gains since January 26 when it last...

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Litecoin Introduces Fungibility and Private Transactions

January 31, 2019 by Tokoni Uti at Altcoins, Blockchain, Development, News

According to a January 28, 2019 Tweet from Charlie Lee, Litecoin will be experiencing a soft fork this year that will bring privacy and fungibility to the coin. A Change is Coming Litecoin is set to become more fungible and private according to a January 28, 2019 tweet from Charlie...

Box of SWIFT and R3 Holding XRP and Cash

Swift Snubs Ripple; Enters Partnership with R3 for Blockchain-Based Payment Solutions

January 31, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Blockchain, Business, Finance, News

Cross-border payments leader Swift has inked a partnership with blockchain-based startup R3 to integrate the latter’s trade finance platform to its latest payments standards framework GPI, reports CNBC on January 30, 2019. Swift Snubs Ripple for R3 Swift, the undisputed leader in international payments transfer industry is looking to revamp...

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Gemini Becomes World’s First Crypto Exchange to Complete a SOC 2 Review

January 31, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News

Gemini, a U.S.-based regulated cryptocurrency exchange and custodian, has announced the completion of its Service Organization Control (SOC) 2 Type 1 examination conducted by Big Four auditor, Deloitte & Touche LLP. The examination makes it the first cryptocurrency trading platform and digital assets custodian in the world to demonstrate the...

1,675 ETH Stolen from Cryptopia in Second Attack of the Month

January 31, 2019 by Tokoni Uti at Altcoins, Crime, Ethereum, Exchange, News

On January 29, 2019, Elementus reported that Cryptopia has suffered a second attack that led to the loss of 1,675 ether (ETH) tokens after suffering a similar attack on January 14, 2019. On January 15, 2019, New Zealand-based crypto exchange Cryptopia suspended activities after suffering a hack that led to...

Computer Screen with a Number of Drugs and Bitcoins

U.S. Congress Passes Bill to Investigate Crypto’s Role In Sex Trafficking

January 31, 2019 by Tokoni Uti at Altcoins, Bitcoin, News, Regulation

On January 28, 2019, U.S. Congress passed a bill to commission an investigation into the role played by cryptocurrency and online markets in global sex trafficking. Following the Trail On January 28, 2019, the Fight Illicit Networks and Detect (FIND) Trafficking Act of 2019 (H.R. 502) was passed by the...

VC 500 Startups Invests in Stablecoin Startup Stably

Fintech Firm Launches World’s First Hong Kong Dollar-Pegged Stablecoin

January 30, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Finance, News, Regulation

Bitspark, a firm that claims to be the world's first bankless money transfer platform, has launched Sparkdex.HKD, the first stablecoin pegged to the Hong Kong Dollar (HKD). This is to encourage stablecoin diversification in other national currencies aside from the U.S. dollar, according to a Fintech Hong Kong report on January 29,...

Nvidia Blames China and Drying Crypto Mining Business for Disappointing Q4 2018 Results

January 30, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Finance, Mining, News, Regulation

According to a report by VentureBeat published on January 28, 2019, U.S. GPU manufacturing company Nvidia’s stock fell by more than 15 percent on Monday over fears of the company’s poor performance in the crypto mining industry. The company has revised its Q4 2018 revenue estimate, which now sits at...

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Crypto Comes to Austria: Vienna To Launch ‘Vienna Token’

January 29, 2019 by Tokoni Uti at Adoption, Altcoins, Development, News

The Austrian city of Vienna plans to launch ‘Vienna token’, it’s own cryptocurrency as a form of incentive for citizens, as per Trending Topics reports, January 28, 2019 A Crypto Incentive The idea of world governments developing official cryptocurrencies isn’t a new one. Venezuela has its national crypto, the contentious...

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Iran Launching a State-Backed Cryptocurrency to Avoid U.S. Sanctions

January 29, 2019 by Priyeshu Garg at Altcoins, Blockchain, Finance, News

Iran could unveil its state-backed cryptocurrency by the end of the week, as the country keeps looking for ways to avoid the harsh sanctions imposed by the U.S., Al Jazeera reported on January 27, 2019. State-Backed Stablecoin Facing an unprecedented financial crisis due to the harsh sanctions imposed by the...

Former Trump Cabinet Member Joins Crypto Firm

January 28, 2019 by Tokoni Uti at Altcoins, Bitcoin, Business, News

Ryan Zinke, the former Secretary of the Interior Department will be joining 'Artillery One', a Cryptocurrency Investment firm, as Managing Director following his earlier resignation from the department, this according to a report from VICE News, January 25, 2019. Bullish Behavior Ryan Zinke is known for being the former Secretary for...

Taiwanese Authorities Arrest over a Dozen Suspects for Bitcoin Scam Scheme

January 28, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, News

Police in Taipei has apprehended 15 suspects involved in a scam initial coin offering (ICO) scheme known as IBCoins, which generated nearly $8.13 million for the bad actors since September 2018, local news source, Focus Taiwan reported on January 26, 2019. "Shitcoin" Scam Per sources close to the matter, Li Chi-hsun,...

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