Quebec Approves Energy Rate Hikes for Bitcoin Mining Firms July 20, 2018

Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity. This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a deterrent tariff that will see cryptocurrency miners paying double the rate that is […]

The State Bank of Vietnam Suspends Import of Crypto Mining Hardware July 19, 2018

The Vietnamese central bank, the State Bank of Vietnam (SBV) announced it will suspend the import of cryptocurrency mining hardware, according to local news agency Viet Nam News July 19. The move followed an official request from the Ministry of Industry and Trade (MoIT), which suggested a temporary ban of imports of crypto mining machines, […]

It Took Just A Day for Tron's Founder to Win His Own Blockchain's Election July 19, 2018

An unconventional candidate has triumphed in tron’s ongoing blockchain elections: its own founder Justin Sun. After announcing his candidacy to become a tron “super representative” (a node on the software elected by token holders to validate transactions, create blocks in the network and compete for its rewards) just one day ago, Sun has successfully garnered […]

Major Insurers Take the Plunge to Underwrite Risk in the Crypto Space July 19, 2018

Big-name insurers such as AIG, Allianz, Chubb, and XL Group are increasingly tailoring coverage options to protect businesses in the crypto space, Bloomberg reports July 19. Aon, a major insurance broker that claims to occupy 50 percent of the crypto-insurance market, told Bloomberg the firm is seeing more crypto-specific protections catering to the new industry. […]

Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering July 19, 2018

Finance The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that […]

Study Shows Many ICO Protocols Fail to Match White Paper Promises July 19, 2018

News On July 19, a group of interdisciplinary researchers from the University of Pennsylvania, with guidance from the esteemed Penn Law professor David Hoffman, published an in-depth study of initial coin offerings (ICOs) that promise innovative concepts like autonomous governance and operate by the belief that ‘code is law’. However, most of the ICOs the […]

Bermuda Is Quickly Gaining Favor as a Jurisdiction of Choice for Digital Assets July 19, 2018

Bermuda is well known as a global center for financial services as the island operates the largest reinsurance market in the world. Now, Bermuda is aggressively diving into the fintech sector with two clear objectives: to promote the island as the jurisdiction of choice for fintech entrepreneurs and to establish its new regulatory framework as […]

Report: Blockchain Spending to Hit Nearly $12 Billion By 2022 July 19, 2018

A new report published by the International Data Corporation expects spending on blockchain solutions to increase annually at a growth rate of nearly 75 percent through 2022. Dubbed the “Worldwide Semiannual Blockchain Spending Guide,” analysts at the firm expect total spending on projects in the blockchain industry to hit $11.7 billion in 2022 alone, compared […]

World's Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System July 19, 2018

The world’s four largest auditing firms — Deloitte, Ernst & Young, KPMG and PwC —have joined 20 Taiwanese banks to pilot blockchain technology for fiscal audits, local news outlet CTEE reports July 19. The “big four” will join a consortium of major Taiwanese banks to test a blockchain solution for auditing companies’ interim financial reports, […]

Japanese Minister Denies Ties to Unregistered Crypto Exchange Under Investigation July 19, 2018

News Seiko Noda, Japan’s Minister for Internal Affairs & Communications, and Minister in charge of Women’s Empowerment, was questioned by the Japanese press on Thursday over her involvement with an unregistered cryptocurrency exchange, which was allegedly violating the Japanese fund settlement law. Also read: Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will […]

BINEX.TRADE Unveils Alpha Launch: A New Era for Crypto Trading July 19, 2018

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Kryll.io Automated Crypto Trading Strategies Platform Gets Listed on QRYPTOS July 19, 2018

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Group Purchasing Organization of Healthcare Resources THEKEY Making Another Attempt in Blockchain Application July 19, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Singapore: Gov’t Owned CrimsonLogic Launches Global Cross-Border Blockchain Platform July 19, 2018

Singapore e-government service provider CrimsonLogic has unveiled its cross-border blockchain network for global trade, according to a July 18 press release. Dubbed the Open Trade Blockchain (OTB), the platform is principally designed to boost the efficiency of trade corridors between China and the Association of Southeast Asian Nations (ASEAN) nations. Various operators have already signed […]

Crypto Market Makes Minor Retreat Post-Rally, Ether and Bitcoin Cash Down 5% July 19, 2018

After adding more than $20 billion within a 30 minute period, the crypto market has declined in valuation, led by the 5 percent drop of ether and Bitcoin Cash. Over the past 24 hours, the price of Bitcoin Cash, ether, Ripple, and EOS dropped by 4 to 6 percent, while bitcoin remained stable in the […]

Vietnam Inches Closer to Suspending Imports of Cryptocurrency Miners July 19, 2018

Vietnam has moved a step closer to halting cryptocurrency miner imports, a local new source reported on Thursday. According to Viet Nam News, State Bank of Vietnam (SBV), the country’s central bank, has now agreed to a proposed plan to halt imports of the specialized mining devices since the country has already banned the use of […]

‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations July 19, 2018

A Singapore-based e-government service provider – notably owned by a government body and a port operator – has launched a blockchain platform focused on cross-border trade between ASEAN nations and China. Singapore-based CrimsonLogic, an e-government solutions provider with a presence in over 20 countries, announced [PDF] details of its ‘inclusive and extensible blockchain service’ that […]

State-Issued Digital Currencies: The Countries Which Adopted, Rejected or Researched the Concept July 19, 2018

On July 5, Germany rejected the idea of issuing a central bank-issued digital currency (CBDC) — the Ministry of Finance deemed it would be “too risky” to implement one. The concept of CBDCs, or national digital currencies — the scenario in which the trend of digital currencies gets adopted by a federal regulator, essentially under […]

Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims July 19, 2018

The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million). Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct bitcoin […]

Government-Backed Blockchain Trade Platform Launches in Singapore July 19, 2018

CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a major port operator, has announced the launch of a blockchain platform focused on cross-border trade. The firm’s fully-owned subsidiary GeTS launched the service on Wednesday, according to a press release. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network that […]

These Digital Monsters Live on Ethereum, But They'll Fight on Zilliqa July 19, 2018

Before my one and only “mon” reached level 4, I was out of ether. Such was the end result of my first experience with Etheremon, a game inspired by Pokemon and built on the world’s second-largest blockchain, ethereum. I had around $15 worth of ether to spare, so I decided to try it out, eventually arming […]

NEO Price Watch: Longer-Term Reversal Pattern? July 19, 2018

NEO Price Key Highlights NEO could be in for more gains as it forms an inverse head and shoulders on its 4-hour chart. Price has yet to break past the neckline around $40 to confirm the potential uptrend. Technical indicators are giving mixed signals at the moment, with oscillators suggesting another dip. NEO price could […]

Indian Bitcoin Ponzi Schemer Offers to Repay Initial Investments to Victims July 19, 2018

News The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been called in to help […]

Kik Messaging App Reveals Its First Beta Product, Kinit July 19, 2018

Canadian messaging application Kik has launched its first beta product called Kinit, which is related to the company’s Kin token, TechCrunch reported July 18. The release follows Kik’s successful initial coin offering (ICO) which raised $100 million. The ICO for the Kin token concluded in September 2017, having raised almost $100 million from more than […]

Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners July 19, 2018

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Put together by Chinese news platform Jiemian, the report follows the story of Li […]