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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: government

Under-Regulated Cryptocurrency Era to Come to an End Soon as Regulators Speeden Crypto-Legislation

Category: Bitcoin, Blockchain, Business, News, Regulation, Tech

Under-Regulated Cryptocurrency Era to Come to an End Soon as Regulators Speeden Crypto-Legislation

Although the cryptocurrency industry currently lacks robust regulations, this will quickly change as the industry matures over time. According to an Asia Times article published on October 4, 2018, regulations surrounding cryptocurrencies will grow at a significantly fast rate as regulators attempt to place old frameworks on new and emerging technologies. Regulations Will Increase As The Industry Grows Julie Myers Wood,…

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The Pros and Cons of a Central Bank Digital Currency

Category: Altcoins, Bitcoin, Blockchain, News, Tech

The Pros and Cons of a Central Bank Digital Currency

When bitcoin was launched in 2009, the idea was to enable individuals to be their bank by allowing them to store, send and receive digital cash without the need for a financial intermediary. Since the early days of bitcoin, much has changed in the world of cryptocurrencies. Today, there is a wide range of different type of digital currencies and…

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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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