Bithumb Bans Users from 11 ‘High-Risk’ Countries
South Korea’s largest exchange Bithumb will no longer be accepting new users and removing existing ones from 11 countries presently under investigation by the Non-Cooperative Countries and Territories (NCCT) Initiative. Countries included on the NCCT list are North Korea, Iran, Iraq and Sri Lanka. This was announced by Bithumb on 27 May and reported by local news […]
Chinese Blockchain Report: Average Project Lifespan is 1.22 Years
A recent report coming from China on the blockchain industry shows that the average blockchain project lifespan is just 1.22 years, with only 8% of projects ever launched still active. Blockchain trends He Baohong of the China Academy of Information and Communications Technology (CAICT) spoke at the at the China International Big Data Industry Expo 2018 in […]
Crypto Addicts Can Kick the Habit at New Scottish Unit
A treatment center for people who have developed a cryptocurrency habit has been opened at a hospital on the Scottish borders, according to Sky News. The West Linton facility at Castle Craig Hospital in Peebleshire, on Scotland’s most southern border with England, is planning to extend its regular operations from running treatment for drug and […]
China to Launch National Blockchain Standardization Committee
An official from China’s ministry of industry and information technology has verified that the country’s plan to launch a national blockchain standardization committee should be ready to launch by the end of this year. Structurally based on TC 307 As discussed in a keynote speech from Li Ying, head of the IT ministry’s information and software […]
Marshall Islands Is Officially Crypto Enabled
The Marshall Islands made its own cryptocurrency, doing away with the US dollar in March, but is unclear as yet if the island’s banking system is ready to adopt it, reports The Verge. Politically, the Marshall Islands (RMI) is a presidential republic in free association with the United States, with the US providing defence, subsidies, and […]
Ex-Coinbase User Claims Account Lock Caused Homelessness, Swears Off Exchanges
A Coinbase user has bitterly claimed that exchanges do not “act in the spirit of Bitcoin” and have “turned Bitcoin into something worse than fiat currency”, after being locked out of his account with the popular US cryptocurrency exchange. The user has recounted a torrid experience without access to funds, including a period of homelessness. […]
Bitcoin Could Be a Brazilian Bureaucracy Breaker
Cryptocurrency can promote entrepreneurship and social justice, writes Ruairi Luke McCallan in Hacker Noon, and this is no more evident than in Brazil. The Brazilian Association of Cryptocurrencies and Blockchain (ABCB) was launched in São Paulo last week with the aim of increasing the debate around digital currencies with the government. Bitcoin News reported recently […]
Israel’s New AML Laws Add Clarity for Crypto Investors
Israel’s finance minister Moshe Kahlon has signed draft legislation which has been introduced to combat cryptocurrency money laundering in the Middle Eastern state, writes Israeli business source Globes. The new draft notice is an addition to an existing law, due to be introduced into legislation in June of this year. The money laundering legislation will […]
Venezuela Turns to Bitcoin Mining as Hyperinflation Reaches 18,000%
Venezuelans are increasingly turning to Bitcoin mining in order to combat hyperinflation in the South American country, Bloomberg reports. Caracas has recently become a crypto mining hub, says Daniel Cancel, a reporter and resident, in a report from the capital. Cancel talks of a friend living in the city buying a machine to mine crypto […]
The Rock Is Rolling with Gibraltar’s Investor Surge and First Crypto Postage Stamp
Xapo, the reputed startup holding USD 10 billion of Bitcoin for clients, is set to begin operations from the Rock of Gibraltar as the British overseas territory continues to attract Fintech business, reported Bloomberg. Gibraltar aims to lure new and existing fintech companies to its shores, following in the footsteps of other European countries such as […]
