Pegasus Coin: Redefining the Horseracing Industry through Blockchain July 27, 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 […]

Venezuela to Launch Petro-Pegged Fiat Currency Next Month July 27, 2018

Venezuela, a country battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to its oil-backed “petro” cryptocurrency next month, according to President Nicolas Maduro. Venezuela to Create Fiat Currency Pegged to Cryptocurrency That is Pegged to Oil As reported by local news outlet Telesur, Maduro said […]

BRICS Summit: Major Banks From Member States Sign MoU on DLT Research July 27, 2018

Five major banks from each BRICS member state signed a Memorandum of Understanding (MoU) on the development of distributed ledger technology (DLT), according to an official press release July 26. During the 10th International BRICS Summit in Johannesburg, banks from the emerging economies of Brazil, Russia, India, China and South Africa agreed to a joint […]

Crypto Markets Surpasses $300 Billion; Did ETF Cause Bitcoin to Rally? July 26, 2018

The valuation of the crypto market has surpassed the $300 billion mark, as bitcoin recovered to $8,200 and small cryptocurrencies experienced a spike in value over the past 48 hours. Slight Decline in Momentum On July 25, at its peak, the price of bitcoin achieved $8,500, as its volume skyrocketed from $3 billion to $6 […]

Mastercard CEO Calls Anonymous Cryptocurrencies 'Junk,’ Again July 26, 2018

Ajaypal Banga, the CEO of Mastercard, blasted cryptocurrencies during the “New India Lecture” at the Indian Consulate earlier this week, The Times of India reports Thursday, July 26. Banga described anonymous, non-state-issued cryptocurrencies as “junk,” because their prices can fluctuate “wildly” and thus they do not “deserve” to be considered a medium of exchange. Speaking […]

Swiss Crypto Mining Firm Faces Enforcement Action for Potentially Unauthorized ICO July 26, 2018

The Swiss Financial Market Supervisory Authority (FINMA) has launched enforcement proceedings against crypto mining firm Envion AG over its potentially unauthorized token sale, according to a FINMA press release today, July 26. Swiss-based Envion AG is an off-grid mining company that claims to use decentralized, clean energy to power its mobile mining units, and completed […]

Vaccine Blockchain Plan Prompts Enquiries Amid China Pharma Scandal July 26, 2018

On the back of China’s most recent pharmaceutical scandal, stock investors are buying into a public company’s claim to be developing a blockchain for tracking vaccines – but one watchdog isn’t happy about it. As reported by CoinDesk earlier this week, following a vaccine data scandal exposed last weekend, the Chinese crypto community weighed in […]

BRICS Bank Consortium to Research Blockchain Applications July 26, 2018

A consortium of state-owned development banks plan to research blockchain technology for international transactions and other products, Russia-based Vnesheconombank said Thursday. Vnesheconombank, the Brazilian Development Bank, the Export-Import Bank of India, the China Development Bank and the Development Bank of Southern Africa signed an agreement to conduct research on how they can use blockchain research […]

Japan: Tech Giants Hitachi, KDDI Trial Blockchain Biometrics Verification System for Retail July 26, 2018

Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26. This week, staff from the two firms are participating in an experimental demonstration at a KDDI store in Tokyo’s Shinjuku district, as well as a local donut shop. The […]

Vietnam's Securities Regulator Warns Industry to Avoid Crypto Activities July 26, 2018

Vietnam’s securities regulator has warned industry companies and funds in the country to avoid activities related to cryptocurrencies. In an announcement this week, Viet Nam News reported Wednesday, the State Securities Commission (SSC) said firms should avoid issuance, transactions or brokerage of cryptos, adding that they must observe laws on money laundering. The warning relates to an April […]

Major Chinese Social Network Tianya to Launch Native Cryptocurrency Token July 26, 2018

One of China’s top twenty-five websites, social network Tianya Club, announced it was releasing an internal blockchain-based token July 25. In a blog post, Tianya said its 90 bln Tianyan Tokens (TYT) would function as a kind of rewards system and run in parallel to its existing Tianya Diamond token, which is not cryptographic.  Provided […]

Digital Asset Trading Platform Unveils Plan to Share Revenue With Users July 26, 2018

A digital asset trading platform says its “superior circulation capabilities” can help tokens thrive in the crypto world, through financial-level services that enable tokens to be issued more quickly. BitForex claims that many of its rivals lack transparency when launching currencies — and their desire to maximize profits can act as a major obstacle when […]

Vietnam’s Securities Watchdog Bans Industry from Cryptocurrency Activity: Report July 26, 2018

The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, has reportedly forbidden industry firms from engaging in cryptocurrency-related activities. Vietnam’s official state news agency is reporting that the country’s securities markets watchdog has ‘required’ the industry to not partake in “any issuance, transaction or brokerage activities related to cryptocurrencies” in a circular […]

Japanese Crypto Exchanges Working on Lowering Margin Trading Limits July 26, 2018

Exchanges Japanese cryptocurrency exchanges may soon set a strict limit on the leverage they offer for margin trading in order to better protect investors. The association comprised of 16 government-approved crypto exchanges is reportedly imposing a leverage limit as part of its self-regulatory rules. There will be a grace period and exceptions. Also read: Yahoo! Japan […]

Cryptocurrency Market Update: Stellar Flies High on New Partnership July 26, 2018

Crypto land is still in the green, Stellar, ChainLink, Stratis and Komodo making good gains. The correction has not happened yet and markets are still creeping higher. Only Bitcoin and a couple of altcoins seem to be the beneficiaries however. Total market capitalization has broken $300 billion and is holding just above it at the […]

Binance Prepares to Enter the South Korean Market July 26, 2018

Exchanges Binance is preparing to expand into South Korea, having already hired Koreans for some local positions. CEO Changpeng Zhao has stressed the importance of the Korean market, noting that some Koreans are already using Binance, especially to trade newer coins. However, the exchange is reportedly waiting for the country’s crypto regulatory framework to be […]

XMAX Blockchain Entertainment Ecosystem & DApp SDK July 26, 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 […]

Hitachi Trials Blockchain to Settle Retail Payments Using Just Fingerprints July 26, 2018

Japan-based tech conglomerate Hitachi and telecommunication giant KDDI are testing a blockchain-based system that can settle retail payments validated using shoppers’ fingerprints. According to a release on Wednesday, a group of staff from the two partners are this week experimenting with a coupon settlement system deployed in a KDDI store in Tokyo’s Shinjuku district, as […]

Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks July 26, 2018

The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry. The newly drafted regulatory framework which covers a wide range of businesses and ventures from blockchain projects to crypto exchanges, is expected […]

Government of India to Recognize Crypto as a Payment Method, Experts Optimistic July 26, 2018

Cryptocurrencies have found an unlikely ally in their quest to become legalized in India, following intense legal battles between companies, consumers, and the Reserve Bank of India. The recommendation to legalize crypto comes from the law commission of India, as they are a vital part of their case against a blanket ban on sports betting. […]

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto July 26, 2018

Regulation Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities. Also read: China Releases Ranking of 31 Crypto Projects Securities Watchdog Asks Companies to […]

Chinese Influencers Call for Blockchain to Solve Food and Drug Safety Problem July 26, 2018

As the Chinese population experience a food and drug safety crisis, with the latest scandal being a fraudulent rabies vaccine for babies, leading technology experts are confident that the blockchain could solve problems related to lack of transparency in China’s food and drug industries. Decentralized Supply Chain May End Food and Drug Safety Scandals in […]

Wall Street Traded $572 Million in Bitcoin Futures During Tuesday’s Bull Run July 26, 2018

The bitcoin price is rallying, and this time, it looks like Wall Street has shown up to the party. On Tuesday, bitcoin brief briefly broached the $8,500 threshold on Bitfinex for the first time since mid-May, and while it has since pulled back several hundred dollars from that two-month high, it has nevertheless risen 10 […]

Bitmain Discloses Shipping and Mining Policies for a ‘Fair and Transparent Ecosystem’ July 26, 2018

Chinese mining hardware giant Bitmain, one of the leading Bitcoin (BTC) mining firms worldwide, announced its policies for mining practices, according to an official blogpost July 25. The recent list of policies intend to show Bitmain’s commitment to providing a “fair and transparent cryptocurrency ecosystem” in terms of policies for mining hardware shipping as well […]

Most Complex dApp on Ethereum Already Has Millions of Dollars at Stake July 26, 2018

Augur, which its co-founder Joey Krug previously described as the most complex decentralized application (dApp) on the Ethereum blockchain, has surpassed a million dollars at stake and demonstrated a rapid growth rate over the past few weeks. Future of Decentralized Betting In essence, Augur is a decentralized betting platform that exists on the Ethereum network. […]