#Regulation

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,...

World’s First “Blockchain University” Seeks Accreditation from Malta

August 29, 2018 by Priyeshu Garg at Adoption, Blockchain, News, Regulation

The world's first university powered by blockchain could soon set up shop in Malta, and academics from some of the world's best universities have already signed up according to an August 24, 2018, report from Medium. World's First Blockchain-Powered University Woolf University, the brainchild of an Oxford research fellow Joshua...

Busted: Indian Police Raids CoinX Trading Office, Unearth $1.43 Million MLM Scam

August 29, 2018 by Aisshwarya Tiwari at Bitcoin, Crime, News, Regulation

Yet another cryptocurrency-based Ponzi MLM scheme surfaced on August 25, 2018, as the police caught five fraudsters in the city of Hyderabad, India. While raiding a local real estate firm, GRM Estates Pvt. Ltd, cops caught imposters, including the brain behind the fraud company CoinX Trading, Gardas Ramesh. The company...

Reserve Bank of India Quietly Forms an “Experimental” Blockchain and AI Unit

August 28, 2018 by Priyeshu Garg at Blockchain, Business, News, Regulation, Tech

The Reserve Bank of India (RBI) has formed a new unit to focus exclusively on emerging technologies such as blockchain, artificial intelligence (AI), and cryptocurrencies. While the central bank is yet to make an official statement confirming the move, it seems the new unit is aimed at boosting its intellectual...

What is Ulex and What are “Free Private Cities”?

August 28, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Blockchain, Development, News, Regulation, Tech

In the age of decentralization and open-source community participation, every industry around the world has put its steps forth to embrace the change. However, due to its nature, the legal sector has not yet openly advocated (no pun) the new turn as the very essence of a legal system is...

Ghost Guns and Crypto-Anarchy, an Emerging Philosophy

August 27, 2018 by Eric Czuleger at Altcoins, Bitcoin, News, Regulation, Tech

In August 2018, Defense Distributed, a 3D printed firearm company, poised itself to re-release the blueprints for a handgun. This unleashed a political firestorm between gun rights activists and firearm control enthusiasts. Eventually, a federal judge stopped the distribution. While this was a distribution of information, it was a distribution...

Mt. Gox is preparing to return $1B in stolen Bitcoin to Affected Users

August 26, 2018 by Nuno Menezes at Bitcoin, Crime, Exchange, Finance, News, Regulation

On August 21, 2018, Mt. Gox announced it was preparing to give back around $1 billion in bitcoin to the victims of the exchange rampage. Mt. Gox Retrospective It seems that Mt. Gox is going to finally refund bitcoin to the affected users following the exchange saga. The MT. Gox...

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...

South Korea’s Got Blockchain in its Seoul

August 25, 2018 by Eric Czuleger at Adoption, Blockchain, Business, Exchange, Finance, News, Regulation

In August, South Korea has begun establishing itself as a global leader in blockchain acquisition and application. Competition Breeds Innovation The South Korean technology giants Samsung and LG have been mainstays in the consumer electronics market for years often going head to head with Apple and GE for global market...

U.S.: Cryptocurrency Investors Are Better Off Declaring Their Holdings and Paying Their Taxes

U.S. Tax Policy Is a Stumbling Block for Bitcoin Adoption

August 24, 2018 by Priyeshu Garg at Adoption, Altcoins, Bitcoin, Business, Commentary, News, Regulation

George Popescu has come down hard on the American Internal Revenue Service (IRS) and the U.S. tax code in general as stifling instead of enabling innovation through cryptocurrency adoption. In a Medium post published on August 22, 2018, the founder of crypto industry publication Blockchain Times and augmented reality startup...

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