Category Archives: Crypto News

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 […]

More info

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 […]

More info

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 […]

More info

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 […]

More info

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 – […]

More info

Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

An executive at Vanguard Investment has made the by now trite comparison of cryptocurrencies to tulips, while also noting his appreciation for blockchain tech. The global chief economist of a major investment firm has criticized cryptocurrencies in an op-ed on investment fund news site ETF.com published yesterday, May 21. Joe Davis, the global chief economist and global head of Vanguard Investment Strategy Group, stated that while blockchain technology shows promise, the rise of cryptocurrencies can be compared to the Netherlands’ 17th century “tulip mania,” a classic example […]

More info

From the Internet to Crypto – How the World’s Richest Have Sized Things Up

Four of the world’s richest and most influential individuals have some interesting takes on Bitcoin and cryptocurrencies. Throughout history, the thoughts and perceptions of the masses have been shaped by leaders of politics, industry and entertainment. The greatest minds of our time have often predicted and touted some of the most prolific innovations. Lended the support of these voices, these very innovations have shaped the way the world works. Internet A prime example would be the Internet. The technology revolutionized communication in the 1990s and led to […]

More info

U.S. CFTC Seeks to ‘Provide Regulatory Clarity’ for Listing Virtual Currency Derivatives

Two U.S. CFTC divisions have jointly issued a staff advisory about the key areas in listing a virtual currency derivative product. The U.S. Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products, according to a CFTC press release published yesterday, May 21. The advisory statement is aimed at providing clarity for exchanges and clearing houses. The staff advisory, which was jointly issued by the CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR), focuses on the […]

More info

Blockchain-Driven AI Platform Vows to Solve $500 Billion Issue for the Retail Industry

sponsored A company plans to cut waste by helping retailers manage stock levels with “pinpoint accuracy” and creating a generation of “smart consumers.” A platform is combining “cutting edge” artificial intelligence (AI) with the “immutable reliability” of blockchain to create a system where retailers and manufacturers can predict whether they are overstocking or understocking products – an issue estimated to cost the industry $500 bln a year. OSA DC, which stands for Optimal Shelf Availability Decentralized, says its system allows major brands and smaller chains to track […]

More info

Blockchain: Already Showing What It’s Made Of

Whats The History? As with all new Internet concepts, Cryptocurrencies is still receiving negative press releases. Although the industry is bringing in revenue of billions of dollars, governments and companies are still skeptical about this new digital economy. There are still many that don’t understand let alone trust this new industry, and it is often criticized sometimes unnecessarily so. The very nature of the Cryptocurrency business, i.e., unstable but relying on technology and producing high yields means that it is criticized for being the latest craze and […]

More info
1 2,519 2,520 2,521 2,522 2,523 2,663