Developers Rake in Million-Dollar Sweeteners Despite Slump

Developers Rake in Million-Dollar Sweeteners Despite Slump

Despite slumping bitcoin prices in 2018, the cryptocurrency space has continued to see a huge development in a market lacking top-level expertise, according to an interview in the Wall Street Journal. Ripple chief cryptographer David Schwartz pointed out that one developer on his team had recently received two USD 1 million signing bonus offers, one from […]

Art Auction Sells CryptoKitty For $140,000 in Ether

Art Auction Sells CryptoKitty For $140,000 in Ether

A CryptoKitty was sold for USD 140,000 (203.41 Ethereum) at the first Codex Protocol art auction during the 2018 Ethereal Summit. The ‘Celestial Cyber Dimension’ CryptoKitty is the most expensive in history, outpacing one which sold for USD 117,000 in December 2017. CryptoKitties is an online game that is built off the Ethereum blockchain, currently […]

Singapore Central Bank to Revamp Regulations for Blockchain Industries

Singapore Central Bank to Revamp Regulations to Include Blockchain Industries

A recent consultation paper from the Monetary Authority of Singapore (MAS) makes proposals for existing regulations to be changed; this comes in light of emerging blockchain-related business practices on the city-state island. The report comes shortly after the Singapore government and MAS made preparations to launch a pilot blockchain proof-of-concept project to conduct inter-bank payments […]

London Mosque Takes Crypto Stance, Accepts Ethereum for Donations

London Mosque Takes Crypto Stance, Accepts Ethereum for Religious Donations

The first mosque for Turkish Cypriots in the UK, the Masjid Ramadan, has decided to accept Ethereum in order to carry out essential repairs, reports London’s Hackney Gazette. Leaders at the mosque have made the decision to accept the cryptocurrency as part of Muslim observance of Zakah, the annual donation made by all of that […]

China Central TV Warns Off Bitcoin Investors

China Central TV Warns Off Bitcoin Investors

China Central TV has run a news story warning the Chinese public and investors about the related pitfalls of cryptocurrency, China Banking News reports. The report, entitled ‘Blockchain Cryptocurrency Bubble Accumulates’ (区块链”代币泡沫堆积), is one of many following last years ban in China on ICOs. This report cites an investor named Yang Chao as an example […]

Parker-Fitzgerald, UK Finance Report Sheds Light on Institutional Attitudes and Approaches to Blockchain

Parker-Fitzgerald, UK Finance Report Sheds Light on Institutional Attitudes and Approaches to Blockchain

Banks have been flocking to disruptive technologies such as Artificial Intelligence (AI), cloud technologies as well as blockchain technologies. A recent joint report from UK Finance and Parker Fitzgerald warns of the “systemic risks” attributed to the three technological innovations. New challenges More specifically, the three-part report goes on to identify the risks attributed with […]

Coinbase Looks to Acquire Banking Licenses

Coinbase Looks to Acquire Banking Licenses

Coinbase is currently looking into the processes involved in acquiring banking licenses. The Wall Street Journal reports that an undisclosed source revealed that the exchange engaged in conversations with members of the US Office of the Comptroller of the Currency in earlier this year: “Coinbase Inc and another cryptocurrency firm talked to US regulators about the possibility of obtaining banking licenses, […]

Argentinian Bank Utilizes Bitcoin for International Payments

Argentinian Bank Utilizes Bitcoin for International Payments

Banco Masventas, a bank based in Argentina, has launched a new service as of 22 May 2018 which will utilize Bitcoin to facilitate international money transfers. This is a major milestone for Bitcoin, since it is likely the first time it has been used by a financial institution as an international payments standard. The bank […]

Australian Government Considers Blockchain for Services, Welfare Payments

Aussie Govt Considers Blockchain for Services, Welfare Payments

Australia’s Prime Minister Malcolm Turnbull has asked the country’s Digital Transformation Agency (DTA) to research blockchain, and how it could be used to improve government services, including welfare payments. The Australian government has granted the agency a budget of AUD 700,000 (USD 530,000) in order to carry out an investigation into DLT, according to ITNews. […]

Kidnappers Demand Bitcoin Ransom for South African Boy

Kidnappers Demand Bitcoin Ransom for South African Boy

A 13-year old boy named Katlego Marite was abducted by kidnappers in eMalahleni, formerly Witbank, South Africa. A note with a Bitcoin (BTC) address was left at the scene specifying that a ransom of BTC 15 should be paid if the parents wanted to see their kid again. As of this writing, the ransom is […]