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Blockchain Brunch Hamptons White Party • August 21, 2018

 With the SEC decision on the third Bitcoin ETF likely just four weeks away. Right now, there is no better…

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Tag: government

China’s Ministry of IT Will Speed Up Development of Blockchain Industry

Category: Bitcoin, Blockchain, Investment, News, Regulation

China’s Ministry of IT Will Speed Up Development of Blockchain Industry

The Ministry of Industry and Information Technology of China has ordered local financial authorities to speed up the development of the blockchain industry by creating a healthy, orderly, and fair market for companies. Xinhua, the official state-run press agency of the People’s Republic of China, reported that the ministry will increase its efforts in growing the local blockchain sector by…

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India: Telangana to Sign MoUs for Implementing Blockchain Technology in Public Sectors

Category: Blockchain, News, Regulation, Tech

India: Telangana to Sign MoUs for Implementing Blockchain Technology in Public Sectors

India’s state Telangana has some blockchain projects lined up for implementation throughout the state with a purpose to bring more transparency and efficiency in public administration. Reported by Business Standard on July 26, 2018, a senior official of the state government stated that Telangana government is planning to implement blockchain in several government applications. MoUs to be Signed at International Blockchain…

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China’s Decision to Choose Ethereum Over its Own Blockchain NEO is Monumental

Category: Altcoins, Bitcoin, Business, Ethereum, News, Regulation

China’s Decision to Choose Ethereum Over its Own Blockchain NEO is Monumental

The Xiongan government, in charge of building Chinese President Xi Jinping’s dream city the Xiongan New Area, has chosen Ethereum over NEO, a local blockchain network, along with its decision to employ New York-based blockchain studio ConsenSys as the blockchain consultant for the Chinese government. Unforeseen Decision ConsenSys is a blockchain studio with more than 600 Ethereum developers and in-house entrepreneurs that…

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THEKEY Launches $20 Million Research Fund as it Enters Blockchain Partnership with Chinese Government

Category: Adoption, Altcoins, Business, Finance, News, Tech

THEKEY Launches $20 Million Research Fund as it Enters Blockchain Partnership with Chinese Government

Chinese blockchain identity verification startup THEKEY has announced that it has entered into a partnership with the Chinese government to develop social insurance blockchain applications. On Medium, CEO and Chairwoman Catherine Li also revealed that the company is launching a $20 million research fund to support the development and application of blockchain technologies in social insurance services. Chinese Blockchain Ambitions…

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“Bitcoin Baron” Faces Jail-Time after Launching DDoS Attack on Government Websites

Category: Altcoins, Bitcoin, Crime, News, Regulation

“Bitcoin Baron” Faces Jail-Time after Launching DDoS Attack on Government Websites

Self-styled hacktivist “Bitcoin Baron” was sentenced to prison on June 19, 2018, for launching a distributed denial-of-service attack against Madison’s administrative networks. “Bitcoin Baron” Faces the Heat The U.S. Department of Justice (DoJ), released a public report on the matter and confirmed the attack caused a city-wide outrage in Madison, Wisconsin. Authorities stated the attack “crippled” emergency communication systems, causing…

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Russian Government Website Infiltrated by Hackers to Mine Cryptocurrencies

Category: Altcoins, News, Tech

Russian Government Website Infiltrated by Hackers to Mine Cryptocurrencies

A government website for the Khabarovsk county in Russia was recently hacked in an attempt to mine cryptocurrency by siphoning the computer power of the users visiting the site. Fraudulent Miners Strike Again According to a report on local news agency Gubernia, malware had been active for roughly ten days before getting removed from the government website on June 7,…

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South Korean Court Recognizes Cryptocurrency As Assets

Category: Bitcoin, Crime, News

South Korean Court Recognizes Cryptocurrency As Assets

South Korea’s top court has recently confiscated $2.3 billion in cryptocurrency assets from a 33-year old man who operated a pornographic site. It is the first time cryptocurrencies have been confiscated in the country. Korea’s highest court confirmed on May 30, 2018, a court order that seized 191 bitcoins from a man named Ahn. The 191 bitcoin was worth approximately…

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President of China Believes the Blockchain is a ‘Breakthrough’ Technology

Category: Blockchain, Commentary, News, Tech

President of China Believes the Blockchain is a ‘Breakthrough’ Technology

Chinese President Xi Jinping mentioned in a speech that blockchain has “breakthrough applications” at a meeting of the Chinese Academy of Sciences and the Chinese Academy of Engineering on May 28. According to the CNBC, President Xi Jinping stated at the Chinese Academy of Science’s annual conference, “a new generation of technology represented by artificial intelligence, quantum information, mobile communications,…

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Bermudian Government Inks $10 Million MOU with Blockchain Startup Shyft

Category: Blockchain, Business, Finance, News

Bermudian Government Inks $10 Million MOU with Blockchain Startup Shyft

Once again, the tiny island country Bermuda highlights how revolutionary blockchain technology can be leveraged to deliver government services. The Bermuda government and blockchain-based network Shyft have signed an MOU (Memorandum of Understanding) in a bid to deploy blockchain-based identity solutions for Know Your Customer and Anti-Money Laundering compliance processes. Blockchain to Boost Bermuda’s Economy The MOU was signed between…

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Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

Category: Blockchain, News, Tech

Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

The Digital Transformation Agency (DTA), an Australian government division that facilitates government information and services online, will explore new ways in which blockchain technology can deliver government services, given the AU$700,000 ($525,710) allocated in the 2018-19 budget. To start with, DTA will spearhead its study with an aim to bring into play blockchain technology for distribution welfare payments. The government…

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