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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...

UAE and Saudi Arabia Announce Joint cryptocurrency ‘Aber’

January 31, 2019 by Tokoni Uti at Adoption, Business, News, Regulation

The UAE and Saudi Arabian governments have revealed Aber, their joint Cryptocurrency which will soon begin its trial run in a number of selected banks in both countries. The announcement was published by Saudi Arabian Monetary Authority, January 29, 2019. Introducing 'Aber' A January 29, 2019, statement has shed some more...

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...

The Underbelly of Crypto Universe: Terrorist Group Seeks Donations in Bitcoin

January 31, 2019 by Priyeshu Garg at Bitcoin, News, Regulation

On January 29, 2019, Izz ad-Din al-Qassam, the armed wing of the Hamas group announced that they are now accepting donations in bitcoin. This move comes after the organization’s financial isolation due to banking bans. The U.S. and Europe already designate Hamas as a terrorist group. Cash-Strapped Due to Banking...

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...

Washing Money Laundering Fists Crush South Korea

Major South Korean Crypto Exchanges Launch AML Initative

January 29, 2019 by Ogwu Osaemezu Emmanuel at Business, Exchange, News, Regulation

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019. Solidarity in Unity In a bid to curb the activities of criminals who use bitcoin and other distributed ledger technology...

Washington State Recognizes the Validity of Blockchain Technology in New Bill

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

The Washington State Senate introduced bill SB 5638, an act that recognizes the validity of distributed ledger technology and aims to provide the legal recognition that blockchains were missing, the State's authorities announced on January 28, 2019. New Bill Aims to Encourage the Development of Blockchain and DLT While the...

Marshall Islands to Launch National Digital Currency Through Physical Blockchain Banknotes

January 28, 2019 by Aisshwarya Tiwari at Finance, News, Regulation, Tech

According to a press release published January 28, 2019, Tangem, a company in the business of producing blockchain smart card wallets, is set to issue the physical notes of the Sovereign (SOV) – the world’s first ever "decentralized digital national currency". The landmark decision to launch a national digital currency...

Kik Looks to Challenge SEC over ICO Securities Debacle

January 28, 2019 by Aisshwarya Tiwari at Business, News, Regulation

According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission (SEC) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs). Highly Anticipated...

Woman with Blockchain Technology Background

World Economic Forum Appoints Bitpesa Founder to Co-Chair of Global Council on Blockchain

January 27, 2019 by Nuno Menezes at Blockchain, Business, News, Platform, Regulation

On January 24, 2019, the World Economic Forum announced it has chosen BitPesa Founder Elizabeth Rossiello to become a member of the Global Blockchain Council. World Economic Forum Targeting the Best According to Business Wire, Rossiello, CEO and founder of BitPesa, was invited to take part in the Global Council on...

Italy Joins the Crypto World with First Blockchain Regulation

January 26, 2019 by Tokoni Uti at Adoption, Blockchain, News, Regulation

A January 23, 2019 approval by the Italian Senate Committee has seen Mediterranean country approve its first piece of blockchain legislation which defined various blockchain terms and states that the technology can be used for authenticating the time stamp of documents. A Timestamp in Crypto History On January 23,...

Bitcoin Exclamation Warning Signs Singapore Skyline

Singapore Doubles Down, Insists that Crypto Isn’t Legal Tender

January 24, 2019 by Tokoni Uti at Altcoins, Bitcoin, Business, Finance, News, Regulation

The Singaporean government has declared that cryptocurrencies aren’t legal tender and has cautioned business owners against accepting it, just as JK Jewellery has announced that crypto would be accepted in their stores. The Debate Surrounding Legal Tender The legality of cryptocurrency varies from place to place. While countries like Venezuela...

Blockchains Flying Across Indian Horizon

IDRBT to Leverage Blockchain Technology in the Indian Banking Industry

January 24, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Development, Finance, News, Regulation

The Institute for Development and Research in Banking Technology (IDRBT) of Reserve Bank of India (RBI) has unveiled a blueprint for the implementation of blockchain technology in the Indian banking sector, reports Financial Express on January 23, 2019. Blockchain Technology to Change Indian Banking The IDRBT was established by the RBI...

Coinbase Flag in a Globe Asian Countires

Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe

January 24, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

On January 22, 2018, Coinbase, the American cryptocurrency exchange, announced the launch of new trading and custody services for Coinbase Prime and Coinbase Pro which will allow high-volume investors in Asia and Europe to trade virtual currencies, make cross-border payments, and store digital assets in its cold storage. Coinbase Leading...

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