Category Archives: Crypto News

US: Crypto Could Pose a Problem for Candidates Seeking Security Clearances

The US Department of Defense is uncertain on how to proceed with processing security clearances of candidates who hold crypto assets. The recognition of Bitcoin as a form of foreign currency could potentially have an impact on decisions in recruiting new employees to the US Department of Defence (DoD), Bloomberg reported May 22. The Pentagon’s chief concern is whether investment in cryptocurrencies indicates criminal intent or constitutes an increased predisposition toward risky personal behavior. This could detrimentally affect a job candidate’s profile should the DoD be considering […]

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Bitcoin Pizza Day: 8 Years Later – Where Can You Buy Pizza With Bitcoin?

Bitcoin Pizza Day – how Laszlo Hanyecz paved the way for Bitcoin’s success as a working, trustless, decentralized transactional system. Bitcoin Pizza Day is celebrated annually by the Bitcoin and cryptocurrency community – marking an important, yet comical milestone for the virtual currency. 8 years ago, a user paid for two pizzas using Bitcoin, in what is hailed as the first ever instance that the cryptocurrency was used to pay for goods. The moment is immortalized online in a Bitcointalk.org forum, where a programmer called Laszlo Hanyecz […]

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Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Bitcoin is struggling following Blockchain Week and increased regulatory concerns, all other major tokens also in the red. Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very active and there are fears that China will further […]

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Chinese Inventions: Gunpowder, Paper And AChain

sponsored A strange story of a blockchain project that does what it promised, delivers on its roadmap, has a working product, yet is nearly unknown. Remember the famous opening scene from “Saving Private Ryan” – where wave after wave of landing allied troops were cut down by machine gun fire? Did you ever realize that the average blockchain project stands a worse chance of survival than an Allies infantryman on Omaha Beach? According to official data published by the White House, of the 24,000 soldiers who participated […]

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Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill

Russian laws determining cryptocurrency to be digital property have passed their first parliamentary reading, with just one deputy voting against them. Russia’s parliament the State Duma approved the first reading of new laws regulating the crypto industry Tuesday, May 22. The laws define cryptocurrencies and tokens as property, and lay out specifications for interacting with crypto and blockchain-related technologies.   The bill, “On Digital Financial Assets,” which has been under consideration since last year with a final deadline due July 1, deals with cryptocurrencies, as well as blockchain-related […]

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Taiwan: Legislators Launch Parliamentary Blockchain Alliance to Promote Industry Growth

Taiwanese legislators have launched a parliamentary blockchain alliance that aims to achieve cross-party consensus on regulating the emerging sector. Taiwanese legislators have formed a parliamentary blockchain group to promote the development of the industry, according to a Facebook announcement by MP and legislator Jason Hsu Yu-Jen today, May 22. The new Taiwan Parliamentary Coalition for Blockchain (TPCB), headed by Hsu, hopes to achieve cross-party consensus among Taiwanese politicians to decide on a clear, “friendly” and robust regulatory framework for the blockchain sector and cryptocurrencies. A joint founding […]

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Ukraine: Police Employees Accused of Stealing Electricity to Mine Crypto, Report Says

Employees of the National Police in a Ukrainian town allegedly stole four months worth of electricity to mine crypto at work, local news outlet reports. Employees of the local headquarters of the National Police in Rivne, Ukraine have been mining cryptocurrency at work, local news outlet 368.media reports today, May 22. Citing materials from criminal proceedings, 368.media reports that employees of the local Police’s Communications Department have been accused of stealing electricity to mine cryptocurrency in the workplace. The unnamed employees were allegedly mining cryptocurrency at work […]

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Australia’s Prime Minister Ordered Blockchain Research Push, Gov’t Agency Says

Efforts to study the benefits of introducing the Australian government to blockchain were partly a personal request from the prime minister. Australia’s $530,000 blockchain research push this year came as a result of a specific request by Prime Minister Malcolm Turnbull, reports reveal Tuesday, May 22. According to local news outlet ITNews, which quotes government officials, Turnbull had explicitly asked the country’s Digital Transformation Agency (DTA) – a body tasked with bringing government services into the digital age – to study blockchain. “The Prime Minister in fact […]

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Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

The Mitsubishi Group has successfully completed a pilot sending money from Thailand to Singapore using Thai Krungsri bank’s blockchain tech. Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22. The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore bank. The test involved sending money in a period of seconds from […]

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Bitcoin Pizza Day 2018: Community Celebrates a Takeout Order Now Worth $82 mln

May 22 marks eight years since a Bitcoin user paid 10,000 BTC for two pizzas, worth just $41 at the time. Bitcoin (BTC) users around the world are celebrating the eighth so-called “Bitcoin Pizza Day” today, May 22. With BTC prices circling $8,200, the price of one of the legendary pizzas purchased on this day in 2010 is now worth $41.4 mln. Traditionally accompanied by various social media events, giveaways from cryptocurrency businesses and a considerable amount of pizza-eating, Bitcoin Pizza Day remembers May 22, 2010 – […]

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