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

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 […] Automated Crypto Trading Strategies Platform Gets Listed on QRYPTOS 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 […]

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 […]

The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules July 19, 2018

The Daily The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a […]

Bitcoin’s Killer App is Ransomware, Not Payments: Stripe COO July 19, 2018

Stripe, a digital payments provider, took a pioneering role with bitcoin in 2015 when it introduced a tool that allowed merchants to accept bitcoin. This past April, the company discontinued the service. The company’s COO, Claire Hughes Johnson, told Fortune’s Brainstorm Tech conference Tuesday that the reason behind the firm’s abandonment of BTC is that […]

How Coinmarketcap Incentivizes Exchanges to Report Fake Volume July 18, 2018

Exchanges Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) […]

Nervos Network Blockchain Startup Secures $28 Mln From Sequoia China, Polychain Capital July 18, 2018

Nervos Network, a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation, has announced today July 18, that it has raised $28 million to develop its enterprise blockchain solutions. According to a statement shared with Cointelegraph, Nervos has secured investment from a number of blockchain-related enterprises, including crypto hedge fund […]

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes July 18, 2018

Featured In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of […]

U.S. Congress Strikes Positive Tone on Cryptocurrency in Latest Hearing July 18, 2018

A congressional hearing before the U.S. House Committee on Agriculture today struck a positive tone towards the impact that cryptocurrency and digital assets can have for the economy and processes. The hearing included academics, engineers, and entrepreneurs in the cryptocurrency industry. They included: Mr. Joshua Fairfield, William Donald Bain Family Professor of Law, Washington and Lee […]

Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves” July 18, 2018

Technology Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds. Also Read: IBM Backs the Development of Latest New Stablecoin, […]

Line’s Cryptocurrency Exchange BITBOX Is Now Open for Business July 18, 2018

Singapore-based cryptocurrency exchange BITBOX, which is also a division of Japanese internet giant Line Corporation, is now up and running. Operations began on July 16, 2018, and services are available in roughly 15 different languages to traders of every country except Japan and the U.S. Investors can now access markets for up to 30 separate […]