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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

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Tag: cryptocurrency

Cryptocurrency Mining via Browser is Pulling Out more than $250K in Monthly Earnings

Category: Altcoins, Blockchain, Mining, News

Cryptocurrency Mining via Browser is Pulling Out more than $250K in Monthly Earnings

According to TheNextWeb, recent academic research has found out that the embedded CoinHive cryptocurrency web browser mining script is generating more than $250,000 in Monero (XMR) every month. What is more concerning is that the report points out that this amount is mainly going to a small group of ten individuals. Researching Browser-Based Mining The research was commissioned by RWTH…

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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

Category: Altcoins, Blockchain, Development, Finance, News, Tech

Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries. Petro Crypto Goes Official…

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Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

The Winklevoss brothers seem to be unfazed by the recent rejection of their proposed Bitcoin ETF by the US Securities and Exchange Commission (SEC), as they continue to make inroads in the cryptosphere. The twin brother’s owned crypto exchange Gemini aims to double its employee count by December 2018. Lack of Regulations a Major Hurdle Although the market sentiment has…

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Jeju Island Governor Announces Plans to Create a “Blockchain Hub”

Category: Altcoins, Bitcoin, Development, News, Regulation, Tech

Jeju Island Governor Announces Plans to Create a “Blockchain Hub”

Won Hee-ryong, governor of Jeju Island, made broke headlines on August 13, 2018, when he made a formal request to designate the island as a “special economic zone” for blockchain and cryptocurrency. Jeju To Become “Free International City” Jeju Island is an island south of the mainland of The Republic of Korea. This request was made earlier in August 2018…

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Facebook’s David Marcus Leaves Coinbase’s Board as Facebook Ramps up Blockchain Efforts

Category: Blockchain, Business, Development, Exchange, News

Facebook’s David Marcus Leaves Coinbase’s Board as Facebook Ramps up Blockchain Efforts

Facebook executive and head of blockchain research David Marcus has left his board of director position at Coinbase after eight months. According to Bloomberg, Marcus previously accepted a role as the head of a blockchain group at Facebook in May 2018. His departure is a strong sign that Facebook is looking to ramp up their blockchain efforts. Marcus Resigned to…

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Indian Cryptocurrency Regulations Likely to Materialize in December 2018

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

Indian Cryptocurrency Regulations Likely to Materialize in December 2018

While the Indian Government has plans to adopt blockchain technology, the much-awaited Indian cryptocurrency regulations will take place later in 2018. It is also important to note that the finance ministry panel is evaluating the proposal to consider blockchain and cryptocurrencies separately. Taking Time to Accept Cryptocurrency The Indian Government under Narendra Modi has shown their interest to adopt blockchain…

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Exchanges Protest as Korea Removes Crypto Businesses from Tax Reduction Bill

Category: Adoption, Blockchain, Exchange, News

Exchanges Protest as Korea Removes Crypto Businesses from Tax Reduction Bill

Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. Why Are Crypto Businesses Eliminated from the Bill? Earlier this month, the government of South Korea released a proposal entitled “Venture Enterprise Bill,” a piece of regulatory framework intended…

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Oracle, Social Reality Inc., and Riot Blockchain, Inc. Embrace Blockchain Technology

Category: Adoption, Blockchain, Mining

Oracle, Social Reality Inc., and Riot Blockchain, Inc. Embrace Blockchain Technology

Much has been said about the massive potential of blockchain technology to revolutionize the world as we know it. Blockchain ensures a transparent, decentralized mechanism that could eliminate many of the problems being faced by corporate and government sectors. Several organizations are working to bring blockchain into daily industry operations with an aim to leverage their position in their respective…

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Australia: World Bank-Backed Financial Bond Introduced, Blockchain Technology Making Huge Inroads Down Under

Category: Blockchain, Ethereum, Finance, News

Australia: World Bank-Backed Financial Bond Introduced, Blockchain Technology Making Huge Inroads Down Under

The Commonwealth Bank of Australia (CBA) was awarded the rights to issue and operate financial bonds solely powered by blockchain technology, as reported by mortgagebusiness on July 13, 2018. World’s First Blockchain Bond Termed the world’s first bond “created, allocated and managed using blockchain technology,” the CBA holds the distinction of being selected by the World Bank to pilot the…

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Bitcoin Prices Surge in Turkey After Lira Plummets 20 Percent

Category: Adoption, Bitcoin, Investment, News

Bitcoin Prices Surge in Turkey After Lira Plummets 20 Percent

On August 13, 2018, cryptocurrency trading surged in Turkey due to the recent plummet in the price of the Lira. As the Turkish government looks to restore investor confidence in the Lira, Koinum, the country’s largest crypto-exchange, announced a 63 percent increase in the trading volume of Bitcoin. At the same time, Paribu, and BTC Turk reported that their exchanges…

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