Monthly Archives: June 2018

Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India

Police in the Indian city of Thane have raided the offices of an alleged multi-million cryptocurrency scam on Monday. According to its promoters, Money Trade Coin (MTC) “provides a safer, more secure and superior alternative of storing wealth in the form of digital currency, to investors as well as commoners.” Investigators, however, accuse it of being a front for an international fraud, misleading investors with promises of high returns, real estate and foreign passports. Also Read: Bitcoin in Brief Tuesday: Wozniak Wants Bitcoin to Rule World New Age […]

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World’s Largest Crypto Exchange Binance Invests in Blockchain-Based Esports Platform

Binance invests undisclosed amount in a fellow Malta-based blockchain-based esports voting platform, chiliZ, which has already raised $27 mln. The world’s largest crypto exchange Binance has made an undisclosed investment into blockchain-based esports voting platform chiliZ, according to a press release published today, June 5. According to the announcement, the Malta-based platform in which Binance is investing is part of Mediarex Group, a global sports and entertainment company. Binance and chiliZ will reportedly “join forces” to provide the sports industry with a “fan-driven token ecosystem for traditional […]

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Slovenia Plays Host to the World’s First “Bitcoin City”

One of the smallest countries in the EU may also have some of the biggest ambitions. Slovenia has announced that its largest shopping center — coincidentally known as BTC City — will transform into a complete bitcoin city, in which every store and venture will accept cryptocurrency and operate via blockchain technology. The complex, located in the country’s capital of Ljubljana, stretches over 1,558,398 square feet and contains over 500 retail stores. Prime Minister Miro Cerar recently visited the shopping center, where he was treated to a […]

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US: Gov’t Telecoms Agency Seeks Feedback on Blockchain for Its International Agenda

The U.S. National Telecommunications and Information Administration has said it “expects” blockchain to form an “increasing focus” in future. A U.S. government telecoms agency reached out for feedback on blockchain policy June 4 as officials forecast “increasing focus” on the technology in the coming years. In an announcement, the National Telecommunications and Information Administration (NTIA), which is part of the U.S. Department of Commerce, said that it wanted stakeholders’ input in “shaping its international agenda.” Broadly pertaining to internet governance, that agenda is set to pay specific […]

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Twitch Streamers Can Now Tip With Four Cryptocurrencies

Users of the popular video game streaming application Twitch can now tip each other using a variety of cryptocurrencies. The integration is made possible by a firm called Streamlabs who have built a protocol that can send tips through a user’s Coinbase account. Also Read: Decentralized Exchange Compendium ‘Index’ Lists Over 200 Dex Platforms Twitch Users Can Now Tip Each Other With Four Different Cryptocurrencies The well-known video game stream website Twitch is extremely popular, the page sees millions of visitors every month. Now users of the platform […]

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Vietnam’s Finance Ministry Proposes Temporary Ban on Crypto Mining Hardware Imports

Vietnam’s Ministry of Finance has proposed a temporary blanket ban on imports, citing concerns over regulatory difficulties, local media reports. Vietnam’s Ministry of Finance (MoF) has proposed a temporary blanket ban on crypto mining hardware imports, local news outlet VN Express reports today, June 5. The MoF reportedly raised the proposal on Monday, alleging that crypto mining hardware can be used to launch new digital currencies that are “very difficult to regulate.” VN Express cites recent figures from the Ministry showing that in the first four months […]

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South Korean Supreme Court Rules Bitcoin Is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year. In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography. Operating a website since 2013, Ahn was arrested in May of 2017 for disseminating some 235,000 obscene files. Even though the court handed Ahn a guilty verdict […]

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Volkswagen to Partner Blockchain-based Startup for Developing Automotive Applications

sponsored A blockchain-based startup is developing applications based on decentralised vehicle history registry. The company has been granted €15,000 and will start working at the Volkswagen Future Mobility Incubator. Lithuania-based company carVertical, who developed a platform for used car history reports, has been granted a ticket to the Volkswagen (VW) Future Mobility Incubator in Dresden, as the company became the winner of a manufacturer’s pitch competition, says the official press release. The event was held on May 31 in Riga, Latvia. According to the press release, the […]

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Samsung Unveils Blockchain Platform to ‘Enhance Competitiveness’ of Finance Businesses

Samsung’s IT arm Samsung SDS has confirmed the release of Nexfinance, a blockchain platform targeting finance businesses. South Korean electronics giant Samsung is launching its own blockchain platform Nexfinance for finance-related businesses, the company announced in a press release June 4. Samsung SDS, the corporation’s IT arm, confirmed the platform would cater to digital finance businesses looking to transform their structures using cutting-edge technology. Yoo Hong-jun, Vice President of finance business at Samsung SDS commented: “Samsung SDS is planning to launch its digital finance business through Nexfinance, […]

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Japan’s GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs – On Sale Tomorrow

Japan’s GMO Internet has unveiled the price and specs of the GMO miner B2 equipped with 7nm ASIC mining chips. The mining capacity is 24 TH/s and the price of the machines will be adjusted monthly according to demand. Using GMO’s mining rigs, the power consumption can be reduced up to 20% and the cost of network equipment can be reduced to 1/55, local media report from Tuesday’s press conference. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Miner B2 Specs Japanese internet giant GMO […]

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