Samsung Baltic Stores Now Accept Crypto via Blockchain Payments Platform CopPay July 20, 2018

South Korean electronics titan Samsung has announced that its Baltic stores now accept multiple cryptocurrencies as a means of payment via the blockchain-based CopPay platform, according to a July 20 Medium post. The platform allows merchants to receive cryptocurrency and either keep the payments in a cold wallet or immediately convert it to fiat. It […]

India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September July 20, 2018

The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis. The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early […]

India's Supreme Court Pushes Crypto Banking Ban Hearing to September July 20, 2018

A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now. A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments […]

Hong Kong: 100 ‘Mainstream Media’ Establish ‘Global Media Blockchain Alliance’ July 20, 2018

The Global Media Blockchain Alliance has been established in Hong Kong to create a “healthy public opinion environment” for the blockchain industry, Taiwanese newspaper China Times reports July 20. At the 2018 Global Media Blockchain Summit, held in Hong Kong July 19, the Global Media Blockchain Alliance released its “Hong Kong Initiative.” In it, they […]

What, if anything, can I do to recover bitcoin that was stolen from my MtGox acct in June, 2013? July 20, 2018

I understand the short answer is “nothing”, but I ask because I’ve had trouble explaining this to a coworker which made me realize I don’t really get it myself. What information can I glean from following the stolen bitcoin on a blockchain explorer? 1GvfmXt2CKP8QJfw93LNcnNV6KghD5ohVA How useful is the IP address the withdrawal was made from? […]

BitMEX CEO: Bitcoin Hasn’t Seen the Worst, $5,000 Imminent Before Big Rally July 20, 2018

On CNBC’s Fast Money, BitMEX CEO Arthur Hayes reaffirmed his stance on the price of bitcoin stabilizing in the $5,000 region before initiating the next rally. Is a 30% Drop Imminent? On July 1, Hayes appeared on CNBC’s Fast Money and discussed the price trend of bitcoin and the extreme volatility in the cryptocurrency amidst […]

Vietnam’s Central Bank Approves Call to Suspend Import of Cryptocurrency Miners July 20, 2018

Vietnam is closing in on a sweeping move to – temporarily – ban the import of ASIC cryptocurrency mining equipment after the central bank approved the proposed plan. The State Bank of Vietnam (SBV), the country’s central bank, is in agreement with a government ministry’s proposal to suspend imports of cryptocurrency miners, local publication Vietnam […]

Korea’s Financial Regulator Will Establish a Positive Cryptocurrency Policy Body July 20, 2018

South Korea’s primary financial regulator will establish a new policy-making body centered on nurturing Korea’s fintech industry with a specific focus on cryptocurrency and blockchain technology. The Financial Services Commission (FSC) is set to establish a new policymaking body dubbed the Financial Innovation Bureau to proactively help the fintech industry while formulating policies for the […]

Huobi Strategic Partner HBUS Launches API for Large-Scale US Traders July 20, 2018

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph. HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the […]

EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15 July 20, 2018

The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks […]

India’s Supreme Court Sets September Date for Final Cryptocurrency Petition Hearing July 20, 2018

India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector following a hearing today. On Friday, India’s Supreme Court held its latest hearing of the case against the Reserve Bank of India’s (RBI) circular forbidding all regulated financial institutions, including banks, to provide services to […]

Financial Exchange Patent Explores Tamper-Proof Blockchain Bidding July 20, 2018

A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create a system that allows multiple parties […]

World’s Number Four Telecoms Provider Files Blockchain Contract Storage Paten July 20, 2018

The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature […]

A Japanese Telecom Giant Wants to Use Blockchain to Store Contracts July 20, 2018

Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) may be looking to invent a new contract agreements system based on blockchain technology, according to a patent application published Thursday. The world’s fourth-largest telecom provider details how it could use the application to store contracts without allowing for documents to be tampered with. As outlined, the system […]

Japan: Internal Affairs Minister Denies Involvement in Crypto-Related Gov’t Investigation July 20, 2018

Japan’s Internal affairs minister Seiko Noda has denied her involvement in a government investigation into the operation of a non-registered cryptocurrency exchange, local news outlet the Asahi Shimbun reported July 19. In January, the Financial Services Agency (FSA) reportedly suspected a Tokyo-based company of violating the law by operating a non-registered cryptocurrency exchange. The FSA […]

Huobi Launches Huobi Cloud for Establishing and Operating Digital Assets Exchanges July 20, 2018

Huobi Group has announced the launch of a new platform, Huobi Cloud, that will allow users to build digital asset exchanges on top of Huobi’s existing platform. According to a statement shared with Cointelegraph, more than ten multinational companies have already become partners with Huobi Cloud. The new product is aimed at establishing over-the-counter (OTC) […]

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative July 20, 2018

A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding. POINTS, founded in 2017, said it drew funding from a mix of traditional venture capitalists including Danhua Capital and Ceyuan Ventures, a backer of OKCoin. Other participants in the seed round include […]

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 […]