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Dogecon • June 21-24, 2018

Dogecon Vancouver 2018 is a weekend celebration of the social layer of crypto culture, embracing memes and tweetstorms as the…

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Tag: government

“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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Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

Category: Bitcoin, Finance, News

Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

Residents of Seminole county in Florida can now pay their taxes with bitcoin and bitcoin cash. Seminole becomes the first county to accept payments in bitcoin cash and bitcoin in the United States. Joel Greenberg, the State tax collector, announced the County would begin using BitPay, a cryptocurrency payment processor, to receive payments starting June 2018. Source: SeminoleTax Seminole residents…

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Can Bitcoin Exist Without Trust?

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

Can Bitcoin Exist Without Trust?

In an individualistic commodity society, there are no relationships of solidarity that protect you against uncertainty. The existence of a person in such a community depends only on his ability to acquire (buy) the things he needs on the market. For this reason, individuals are looking for an item that would give them an opportunity to purchase any product in…

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South Korean Cryptocurrency Industry Set to Bubble Again as Authorities are on the Verge of Legalizing ICOs

Category: Altcoins, Business, News, Regulation

South Korean Cryptocurrency Industry Set to Bubble Again as Authorities are on the Verge of Legalizing ICOs

After every rain comes sunshine; this is precisely the case in the South Korean cryptosphere’ as the dark clouds of regulatory uncertainties surrounding the Asian nation’s blockchain-based digital currencies are gradually fading away. Now, lawmakers in South Korea are putting preparations in top gear to enact a law that makes initial coin offerings a legal activity in the country. Better…

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China Provides Worrying Insight into the Potential Future of National “Cryptocurrencies”

Category: Altcoins, Commentary, Finance, News, Tech

China Provides Worrying Insight into the Potential Future of National “Cryptocurrencies”

Sometimes, life truly does imitate art, just like Oscar Wilde opined. In something that is eerily straight out of the hit Netflix show, Black Mirror, China is set to ban citizens with bad social credit scores from airplanes, trains and other forms of public transportation for up to a year. Something of the sort happened in the third season of…

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