Monthly Archives: January 2019

Living on Bitcoin Day 6: An Artist, a Dev and a Moon Boy Walk Into a Bar…

This is the fifth instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 , onDay 4 and on Day 5. On day six I woke with a renewed sense of energy. My last two days in San Francisco were booked up with plenty to do, and yesterday’s purchase had reinvigorated the experiment’s sense of purpose. That morning I wrote, paid Kashmir back for the breakfast (she […]

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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. Another company executive also received a sentence of two years for his role in these crimes. The report claims that Komid fabricated over 5 […]

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India: Banking Research Institute Issues Blueprint on Blockchain Implementation

A research institute established by the Indian central bank has issued a roadmap on blockchain adoption. India’s Institute for Development and Research in Banking Technology (IDRBT) has published a blueprint on blockchain implementation in the banking sector, Indian daily newspaper the Financial Express reported on Tuesday, Jan. 22.   IDRBT was established by the Reserve Bank of India (RBI) in 1996 in order to conduct research and experiments in the banking sector. The organization is reportedly working with the Indian government, banks and industry players to build […]

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Current Crypto Bear Market Set to Become the Longest Ever

The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major bear trends experienced by BTC so far. Also Read: How to Buy Bitcoin Anonymously Cryptocurrency Markets Within One Month of Comprising Longest Downtrend Ever On Jan. 16, 2019, CNBC’s Ran Neuner tweeted that the 2018/2019 bear trend had entered […]

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Haven Protocol Devs Reassure Community After ‘Exit Scam’ Concerns

Haven Protocol community members have raised the alarm over the intermittent silences and lack of code transparency from a core developer of anonymity-oriented altcoin Haven. Following concerns that startup Haven Protocol was a “crypto exit scam,” an alleged member of its team reassured the community that the project was intact in a Twitter thread Jan. 21. Haven Protocol community members had raised the alarm over the intermittent silences and lack of code transparency from a core developer of anonymity-oriented altcoin Haven (XHV). According to one of the […]

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Poll: 63 Percent of Senior Execs Lack Understanding of Blockchain Tech

A recent poll of institutional investors by the Global Blockchain Business Council shows that senior executives are largely unfamiliar with blockchain technology. In a survey of institutional investors by the Global Blockchain Business Council (GBBC), 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. Cointelegraph acquired a copy of the study on Jan. 22. In December and January the market research company PollRight interviewed 71 institutional investors, including private equity, hedge funds and pension funds on behalf of GBBC — […]

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Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time

The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Mark Karpeles Speaks of Japan’s “Hostage Justice” in Latest Interview This week, Mark Karpeles spoke in an interview about his experience in a […]

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The Landscape of Cryptocurrencies in China

It shouldn’t come as a surprise to learn that cryptocurrencies have been wildly popular almost everywhere in the world. This is because they offer a decentralized payment method that can be used anywhere on Earth, without having to abide by international regulations. However, cryptocurrency’s immense popularity has not sat very well with the Chinese government. In fact, the government has moved to ban all cryptocurrency trading activities within the country, as well as any events related to digital currency by using what is known as geo-blocking. But […]

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London Stock Exchange Trading Tech to Power New Hong Kong Crypto Exchange

The technology solutions provider for the London Stock Exchange Group has announced that its matching engine will be used to power a new Hong Kong crypto exchange. LSEG Technology, the technology solutions provider for the London Stock Exchange Group, has announced that its matching engine will be used to power a new Hong Kong-based digital assets exchange. The news was announced in an LSEG Technology press release Jan. 22. The forthcoming digital assets exchange — dubbed AAX — comes from blockchain and crypto-focused fintech firm ATOM Group. […]

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JP Morgan-Backed Firm Partners with Blockchain Startup Owned By Former Deloitte Exec

JP Morgan-backed digital services firm Smartrac has partnered with a blockchain startup run by a former Deloitte exec. JP Morgan-backed digital services firm Smartrac has partnered with SUKU Ecosystem, a blockchain startup owned by former Deloitte exec Eric Piscini, according to a tweet on Tuesday, Jan. 22. SUKU, which is parented by another Piscini-owned blockchain firm Citizen Reserve, will provide its platform to integrate with Smartrac’s supply chain. Smartrac is a radio-frequency identification (RFID) inlay manufacturer. Based on the public Ethereum (ETH) blockchain, Citizens Reserve’s platform is […]

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