#business

Vietnamese PM Directs Ministry to Strengthen Oversight Following Crypto Scam

April 22, 2018 by Kimble Ngo at Blockchain, Business, News, Regulation

The Vietnamese market is under the eye of the government as of late due to a scam which saw a reported VND 150 trillion ($650 million) stolen from local Vietnamese investors on April 8, 2018. Rallying All the Ministries Around New Crypto Directive The Vietnamese firm responsible had its office...

Blockchain Project Smart Trip Will Make Planning Your Trip Easy as Pie

April 21, 2018 by Guest Post at ICO/IEO

Planning a thorough journey to a foreign land might be an ordeal for many, as it involves visiting numerous websites and services in order to find and book a flight, a hotel room, or some excursion. Tourist service providers often tend to charge enormous amounts of money for doing it...

Zero-In Recap: Blockchain and FinTech Are Turning Heads in the Dutch Capital

April 21, 2018 by Liam J Kelly at Blockchain, Commentary, News

After BTCManager attended the one-day Zero-In conference in the Netherlands on April 19, 2018, it became clear that Amsterdam is working hard to attract the finest fintech minds to the city. After a series of panels ranging from commentary on the GDPR regulation set to pass in May 2018 to...

A Blockchain Based Excise System Promises Efficiency to Thailand's Oil Industry

Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

April 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Mining, News

A handful of forward-thinking Wall Street analysts have been inspired to turn gas producers in Texas's oil-rich Permian Basin a healthy profit by simply converting their ‘useless' natural gas into bitcoin and other cryptocurrencies. Gas Flaring to Bitcoin Mining Some cryptocurrencies use a proof-of-work (PoW) algorithm, a consensus that requires...

China Police Crush $13 Million Crypto Ponzi Scheme

April 20, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Commentary, Finance, News

Though global security forces are doing their best in the battle against all forms of unlawful activities, ‘cryptocriminals' are unrelenting in their efforts to make unsuspecting and somewhat gullible virtual currency enthusiasts shed tears. Now, the Chinese police force has crushed a $13 million cryptocurrency pyramid scheme. Game Over Security...

Bitcoin Exchange Regulations Near Completion in South Korea

South Korea Introduces Stringent Crypto Mining Import Laws

April 20, 2018 by contributor at Altcoins, Bitcoin, Mining, News, Regulation

In contrasting reports, South Korea cut down on the import of mining chips citing possible energy hazards for the economy; while Taiwan showed how the export of mining chips could be beneficial to the economy. The Korean Custom Services (KCS) has published a report on April 18 which placed mining...

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

April 20, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry. The Korean Blockchain Association, a reputable body in the South Korean cryptocurrency space, has proposed...

Crypto Hedge Funds Are Becoming Immune To Market Swings

April 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Ethereum, Finance, News

Some cryptocurrency hedge funds appear to be unaffected by the decline in the price of bitcoin since the start of 2018. In fact, a couple of these firms have even posted profits thereby reinforcing the idea that crypto hedge funds can thrive in both bull and bear markets. 2018 has...

Bitcoin Misery Index Tells You When to Buy Bitcoin

Barclays Pondering Potential Foray into Crypto Trading

April 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

The U.K.’s second-largest bank, Barclays, is considering a potential foray into the cryptocurrency market. The move comes after the bank released a report that compared cryptocurrency to an infectious disease. The bank has been working behind the scenes for some months, sounding out investor sentiments to the proposed plan as...

Cambridge Analytica’s Planned ICO Under Doubt After Facebook Debacle

April 20, 2018 by Priyeshu Garg at Altcoins, Business, News, Regulation, Tech

The pariah of user data, Cambridge Analytica, was planning an ICO before it got exposed as an abuser of Facebook users’ data according to Reuters. Implicated in a string of sordid affairs that include attempts to engineer the last American election, the company is now contemplating whether it has the...

“Dear RBI, Allow Us To Launch An Exchange,” Appeals Indian Crypto Startup

April 20, 2018 by contributor at Altcoins, Bitcoin, Business, News

The Reserve Bank of India’s decision which forbids banks from offering crypto services has received criticism. A complaint has been filed against the RBI regarding this decision by an Indian start-up that aims at launching a crypto exchange. Ban Against ‘Constitutional Rights’ A ‘writ petition’ has been filed by Kali...

Samsung Electronics to Employ Blockchain Technology to Augment Supply Chain Network

April 20, 2018 by Pratik Makadiya at Blockchain, Business, News, Tech

Samsung Electronics, one of the biggest information technology company, is mulling over using blockchain technology to assist in administration its supply and logistics network. The propound blockchain based platform’s role would be to oversee global shipments and cut back shipping costs. Blockchain System to Slice 20% Costs in Shipping...

Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

April 20, 2018 by Cindy Huynh at Bitcoin, News

LocalBitcoins, a popular peer-to-peer bitcoin trading platform, is now complying with AML (Anti-money Laundering) and KYC (Know Your Customer) procedures, according to a post from April 17. The new AML and KYC developments were brought to the public’s attention when a new thread emerged on Reddit. The original Reddit post...

European Venture Capitalists Are Investing In Crypto And Blockchain Projects

European Venture Capitalists are Investing in Cryptocurrency and Blockchain Projects

April 20, 2018 by Priyeshu Garg at Blockchain, Business, Finance, News

Mainstream European venture capitalists (VC) are making inroads into the digital currency scene. Some of the largest venture capital firms on the continent are making big moves in the crypto market, buying up new cryptocurreny and investing in ICOs. Many of these firms are also asking their investors to allow...

Is Ask.fm About to Unleash a Blockbuster Token Sale?

April 20, 2018 by Guest Post at ICO/IEO

All is not well in the social media sector, and wherever there is trouble there is usually opportunity too. Unless you have been hiding under a rock, you will likely have heard about Facebook’s data breach trauma. It has sent shockwaves through the industry and crashed the dominant social network’s...

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