Philippines to License 25 Cryptocurrency Companies

Philippines to License 25 Cryptocurrency Companies

The Cagayan Economic Zone Authority in the Philippines is drafting cryptocurrency regulations that will allow a maximum of 25 cryptocurrency companies to receive licenses to operate, although each company will be able to issue 20 to 30 sub-licenses for traders and brokers. These companies will be able to act as cryptocurrency exchanges, mine cryptocurrency, or […]

Bank of Finland’s FUD Main Feature of New Report on “Fallacy” of Crypto

Bank of Finland's FUD Main Feature of New Report on "Fallacy" of Crypto

The Bank of Finland has released a paper explaining why the country’s central bank regards cryptocurrencies as a “fallacy”, writes Cointelegraph. The paper, reading like a film title and dramatically called the ‘The Grand Illusion of Cryptocurrencies’, was written by Aleksi Grym, whose improbable role at the bank is ‘Adviser on Digitalization and Head of the […]

India Supreme Court Upholds Crypto Ban, Effective 5 July 2018

India Supreme Court Upholds Crypto Ban, Effective 5 July 2018

The Supreme Court of India has upheld a banking ban on cryptocurrency, after reviewing a petition from the Internet and Mobile Association of India to grant a temporary one-month stay. The ban, issued by the Reserve Bank of India, will go into effect on 5 July 2018. At that point, it will be illegal for […]

Five Small Countries Build Solid Foundations with Big Crypto Ambitions

Five Small Countries Build Solid Foundations with Big Crypto Ambitions

Five small countries are becoming cryptocurrency beacons impacting on the space through growth and innovation, writes Benzinga. Georgia with its population of 4 million, once a USSR member state, has minimal regulations regarding cryptocurrency with a booming mining community. Ranked at the end of 2017 as second by volume of countries mining crypto by Cambridge University […]

Bitcoin Tech Supporting and Educating Small Farmers Worldwide

Bitcoin Tech Supporting and Educating Small Farmers Worldwide

Bitcoin’s underlying technology blockchain is beginning to have an impact in supporting farmers and smallholders around the world, writes the BBC. The Olam Farming Information System (OFIS), not to be confused with the EU body The Organic Farming Information System (OFIS), is an organization which offers transparency for small farmers in 21 countries around the world. […]

SBI Ripple Asia Wants XRP as World’s Standard Digital Currency

SBI Ripple Asia Wants XRP as World's Standard Digital Currency

SBI Group CEO Yoshitaka Kitao, who also leads SBI Ripple Asia, has stated that he sees the XRP token becoming a global standard for cryptocurrencies and fiat money, writes CryptoGlobe. Kitao’s company, the Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan and is listed on the Tokyo Stock Exchange. […]

The Evolution of Bitcoin According to Darwinism: No ‘Eureka Moment’

The Evolution of Bitcoin According to Darwinism: No 'Eureka Moment'

The development of Bitcoin and other cryptocurrencies can be viewed with some clarity using Darwinism and evolution as an explanation, writes Shanna McEachern in the Global Banking and Finance Review. McEachern refers to the massive numbers generated by cryptocurrency, seemingly out of nothing, to predictions that the digital currency market will evolve to USD 2 […]

Octagon Strategy Thinks Regulations Will Drive Bitcoin’s Price Upwards

Octagon Strategy Thinks Regulations Will Drive Bitcoin's Price Upwards

Head Trader at Octagon Strategy, Ryan Rabaglia, acknowledges that the markets have been under pressure and are well off their highs, but that stepping back and looking at a long-term chart reveals Bitcoin is up over 100% in the past year. Rabaglia says the cryptocurrency market is still in a growth phase, being only eight […]

UK Food Services Agency Pilots Blockchain for Food Regulation

UK Food Services Agency Pilots Blockchain for Food Regulation

The United Kingdom Food Services Agency (FSA) has successfully piloted the use of blockchain technology in a slaughterhouse, marking the first time that blockchain has been used as a tool to regulate the food sector. FSA’s head of information management, Sian Thomas, says, “We thought that blockchain technology might add real value to a part […]

SEC Collects $1.6M Fine for Illegal UBI Blockchain Internet Stock Sale

SEC Collects $1.6M Fine for Illegal UBI Blockchain Internet Stock Sale

The United States Securities and Exchange Commission (SEC) announced on 2 July 2018 that it has collected a USD 1.6 million fine from two individuals who were illegally selling UBI Blockchain Internet Ltd stocks. This is the result of a coordinated investigation by the Microcap Fraud Task Force and the Cyber Unit. The two individuals […]