Chinese E-Commerce Giant Says Blockchain Not A Bubble

Chinese E-Commerce Giant Says Blockchain Not A Bubble

Founder of Chinese e-commerce giant Alibaba, Jack Ma, has commented recently that he doesn’t see blockchain as a bubble, unlike sees bitcoin, which is something he has no plans to pursue. The e-commerce boss made the comments at the 2nd World Intelligence Conference, which was held in Tainjin in Northern China on May 26th. At […]

Only 5 Companies Have BitLicense to Trade Cryptocurrency in New York

Only 5 Companies Have BitLicense to Trade Cryptocurrency in New York

The New York Department of Financial Services has announced that they are granting a virtual currency license to Genesis Global Trading Inc. This is only the 5th BitLicense ever to be granted in the state of New York since the law requiring the license was put into effect in August 2015. The license was granted […]

Small Business Boost from EU Blockchain Committee

Small Business Boost from EU Blockchain Committee

Members of a European Parliament committee voted on Wednesday to recommend that small businesses look into blockchain payment systems. The positive news was reported recently by one of the leading crypto news sites. The EU Commission’s Industry, Research, and Energy Committee specifically suggested non-monetary uses for the technology, specifying data controls and supply chain management in […]

Founders of Tea-Backed Cryptocurrency Arrested in China For Fraud

Founders of Tea-Backed Cryptocurrency Arrested in China For Fraud

The founders of Puercoin, a cryptocurrency that claims to be backed by Pu’er Tibetan tea, have been arrested by Chinese authorities. They have been charged with defrauding 3,000 Chinese investors out of $47 million. Shenzhen Pu Yin Blockchain Group Company Ltd. claimed to have billions of dollars of tea in stock to back Puercoin. Chinese […]

Solution Needed for Global Crypto Mining Energy Drain

Illegal Crypto Mining Overheating Washington County

A recent study conducted by Alex de Vries, a Dutch economist working for PricewaterhouseCoopers (PwC) has revealed that bitcoin now uses as much energy as Ireland and could match Austria by end of 2018. The global Bitcoin network currently consumes at least 2.55 gigawatts of electricity, a figure that has roughly doubled in the last […]

Crypto Funded Solar Energy Comes to Moldova

Crypto Funded Solar Energy Comes to Moldova

An initiative by the South African solar power marketplace, Sun Exchange will soon allow people to buy solar cells using digital currency, reports Reuters. Under the plan, buyers of solar cells will be able to pay using the solar energy blockchain startup — ElectriCChain’s own currency SolarCoin, bitcoin or euros. They can then lease the […]

Switzerland Considers National Digital Currency ‘e-franc’

Switzerland Considers National Digital Currency 'e-franc'

The Federal Council of the Government of Switzerland is considering the establishment of a national digital currency called the e-franc, with Reuters reporting Thursday a study has been requested into the possibility of its establishment. The e-franc would utilize blockchain technology while operating under the jurisdiction of the Swiss state. The Federal Council requested the […]

Bitcoin Price Analysis, 18th May 2018: BTC/USD Recovers From Sub $8,000 Slump

Bitcoin Price Analysis, 7th May 2018

The day’s trading session was followed by notable volatility with bitcoin price falling to a low of 7,950 levels. However, the breach below USD 8,000 did not last long as prices recovered briefly. In the more recent hours, markets keep trading around USD 8,200 levels following a recovery. The Day’s Signals A major selloff caused […]