TRON Founder Buys BitTorrent for Undisclosed Sum
The founder of the TRON cryptocurrency, Justin Sun, has acquired the peer-to-peer file sharing platform BitTorrent for an unknown amount of money. TRON aims to build a decentralized entertainment ecosystem where content creators can freely publish, store, and sell their content while directly interacting with consumers via issuing and trading digital assets. The peer-to-peer file […]
Ex-Triad Kingpin ‘Broken Tooth’ Attends ‘Dragon Coin’ Signing
The former kingpin of the Macau branch of the 14K triad crime organization, Wan Kuok-koi, popularly known as ‘Broken Tooth Koi’, is reportedly associating with the companies behind the new Dragon Coin cryptocurrency, which concluded a USD 320 million initial coin offering (ICO). A picture of him at the signing ceremony between the two companies […]
New US Trafficking Act Will Investigate Illicit Crypto Use
The Fight Illicit Network and Detect (FIND) Trafficking Act is being introduced by congressman Juan Vargas of California to the United States House of Representatives Committee on Financial Services. If the bill is passed, it would require the Comptroller General of the United States to investigate the illicit use of cryptocurrencies for drug trafficking and […]
No Such Thing as a Weekend for Bitcoin Traders
An analysis by Kate Rooney at CNBC reveals that the weekends are no time to rest and relax for Bitcoin traders. Since December 2017, 60% of weekends have seen a price swing of 5% or more, and 82% of weekends have seen price swings of 3% or more, according to data from CoinMarketCap. Indeed, this […]
UN Publishes White Paper on Supply Chain Blockchain Applications
The United Nations Center For Trade Facilitation and Electronic Business’s (UN/CEFACT) blockchain project team recently published a ‘Blockchain White Paper’ for public review, describing technical applications for blockchain in supply chains. The paper describes an intent to use blockchain technology to support supply chain interoperability, efficiency, and integrity. Since the 1980s, UN/CEFACT standards have played a fundamental […]
Financial Action Task Force to Create Binding Crypto Rules for G20 Nations
The Financial Action Task Force (FATF) is going to announce its new rules for cryptocurrency in June 2018. In March 2018, the G20 said they looked forward to the FATF’s review of cryptocurrency activity and committed to implement the cryptocurrency standards the FATF decides upon, and call upon the FATF to advance global adoption of […]
This Year’s Bitcoin Crash Is Normal
Bitcoin hit all time highs near USD 20,000 in December 2017 and since then has been in a constant decline which has seen its price drop roughly 66% to USD 6,750 as of this writing, shaving USD 210 billion off of its market cap. This has caused much gloom and stress among investors and traders, […]
