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The New Taipei Police have arrested fifteen suspects for allegedly defrauding thirty people of US$8.13 million in the IBCoin cryptocurrency investment scam. The Criminal Investigation Bureau (CIB) Chief Li Chi-hsun said the group had been caught in two raids on January 9 and 17. The Chief said Lin the group’s leader “bought IBCoins from mainland […]
The production cost, mining, of Bitcoin is higher than its actual value which is $4,060. Presently, the cryptocurrency is traded below $3,600 and its a $400 loss. Bitcoin value dropped significantly in November 2018, a 14 per cent fall, that had the world’s biggest cryptocurrency price below $5,000 for the first time in 13 months. […]
The Swiss Crypto Valley is witnessing an unprecedented growth in cryptocurrency market despite a ‘low’ winter. There has been a build-up of 121 companies, 20 per cent compared to the last count which was at September end 2018. And this is as per the latest survey – December end 2018. Mathias Ruch, the founder and […]
The United Kingdom through its Financial Conduct Authority (FCA) is consulting on ‘Guidance’ for cryptoassets to provide regulatory clarity. The FCA acknowledges cryptoasset market and the quickly developing distributed ledger technology (DLT), and it wants to support consumers to understand the cryptoasset market. It said the final ‘Guidance’ will help market participants understand whether the […]
New technologies is the driving force of the gaming industry which is expected to rise to $128.5 billion in 2020. And blockchain is giving the industry that growth and competency. In the recent years, to the delight of gamers, artificial intelligence (AI) has made characters realistic and more natural. Moreover, it brings new and better […]
eToro has added ZCash (ZEC) to its rapidly expanding cryptocurrency portfolio. With a market valuation of over $300 million, ZEC is the 14th digital currency on the multi-asset investment platform. ZCash is a decentralized and open-source digital currency which was launched in 2016. Exchanges highly regard it for its protection and specific straightforwardness. Zooko Wilcox, the […]
The US Department of State has invested $800,000 in a pilot project, focused on blockchain, to track the working conditions of factory workers. This is a two-year collaborative program to develop a blockchain-based worker well-being system based on Harvard T.H Chan School of Public Health’s Sustainability and Health Initiative for NetPositive Enterprise (SHINE) Health and […]
Japanese solar energy provider, Sharing Energy has signed a deal with Australian energy trading platform, Power Ledger to track renewable energy consumption from 100 customers across Chubu, Kansai and Kyushu regions. Sharing Energy is a leading provider in installation and provision of solar energy. Emiko Koga, the president of Sharing Energy, said they want to […]
The Italian Senate has introduced blockchain terms into existing laws through amendments. Referred to as the ‘Decreto Semplificazioni’ or Simplications Decree 2019, it represents the primary regulatory transfer within the blockchain house. This is also regarded as the Italian government’s initial steps towards regulation. The amendment, according to Breaking News, supplies elementary trade phrases reminiscent […]
The American state of Pennsylvania does not recognize cryptocurrencies as money. Under the Money Transmitter Act (MTA), money is described as currency or legal tender, that is recognized as a medium of exchange. A new document released by the Pennsylvania Department of Banking and Securities (DoBS) states the cryptocurrency is not subjected to the MTA. […]
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