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No, Lower Bitcoin Price Won’t Start a Mining ‘Death Spiral’

A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the practice. Golden Goose Will Have 15 Years’ ‘Guaranteed’ Power In a press release November 18, Korean Blockchain startup Commons Foundation confirmed authorities had “guaranteed” electricity for the Golden Goose project, which it says will be “the world’s largest cryptocurrency mining center and global exchange. дальше »

2018-11-26 14:00


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US ‘Investigating’ If Tether, Bitfinex ‘Illegally Moved’ Bitcoin Price to $20K

Bitcoin’s latest price plunge has coincided with fresh scrutiny of stablecoin Tether and exchange Bitfinex almost a year after both received subpoenas from US authorities. DoJ ‘Homing In’ On Tether, Bitfinex As Bloomberg reports November 20 citing “three people familiar with the matter,” Tether and Bitfinex, which share a CEO, are under suspicion of market manipulation. дальше »

2018-11-21 23:00


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China’s Ping An Insurance Firm Partner With Sanya City Authorities to Build DLT-Powered Smart City

Ping An Insurance Group, a highly reputed China-based insurance corporation has joined forces with the Sanya municipal government to develop a “smart city” that would be powered by blockchain technology, artificial intelligence (AI) and other new technologies,” according to a local news source, People’s Daily on November 14, 2018. дальше »

2018-11-18 00:00


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Estonia Issues Over 900 Licenses to Cryptocurrency Businesses

In less than a year since Estonia introduced licensing for companies operating in the cryptocurrency industry, the number of licenses issued has surpassed 900. Authorities in the Baltic country have adopted a rather progressive approach to regulating the crypto space but startups have complained that local banks are still reluctant to offer them regular services. дальше »

2018-11-17 12:15


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FarmaTrust Blockchain Project Joins Forces with Government of Mongolia to Eradicate Fake Drugs

FarmaTrust has announced its alliance with Mongolian authorities to fight against counterfeit drugs with its highly functional blockchain-based tracking solution. FarmaTrust, a formidable force in pharmaceutical supply chain security ecosystem is collaborating with the government of Mongolia to launch its debut distributed ledger technology powered track and trace project in the pharmaceutical industry, to eliminate […] The post FarmaTrust Blockchain Project Joins Forces with Government of Mongolia to Eradicate Fake Drugs appeared first on ZyCrypto. дальше »

2018-11-15 22:36


8 arrested for running $68M cryptocurrency Ponzi scheme in Japan

Japan has another cryptocurrency scam to recover from as police have arrested a group suspected of running a cryptocurrency pyramid scheme. Today, Tokyo police arrested eight men thought to be connected to a Ponzi scheme that collected over $68 million in cryptocurrency from around 6,000 people, local news the Asahi Shimbun reports. дальше »

2018-11-14 19:02


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CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1. 1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim lost CT over $600,000 through stealing money to finance cryptocurrency trades gone wrong. дальше »

2018-11-12 14:00


Deltec Bank & Trust Issues Public Denial of Venezuelan Money Laundering Scheme Involvement

Deltec Bank & Trust has been the recipient of a lot of bad publicity in the last few weeks, between their alleged association with a recent money-laundering scheme involving Venezuela. In a statement issued to Tribune Business, Deltec maintained their lack of involvement, following a report that the US federal authorities intended to seize the […] дальше »

2018-11-10 05:48


China has a new surveillance tool that identifies citizens by how they walk

Chinese authorities have begun deploying a new surveillance tool designed to identify people by how they walk, or the shapes of their body. Adding to the already staggering number of surveillance cameras — many of which use bleeding edge optics and facial recognition technologies — China is already using the tool on the streets in its two largest cities, Beijing and Shanghai. дальше »

2018-11-7 04:07