Belarus Invites South Korean Investors as Korea Post Taps Goldman Sachs for Crypto Education
South Korea’s blockchain prowess is gaining international reach as reports show that the Eastern European nation of Belarus is opening its doors for South Korean investors, as its national postal service Korea Post seeks cryptocurrency know-how from Goldman Sachs executives. Belarus As reported by local news outlet Korea JoongAng Daily, the deputy foreign minister and ambassador […]
Nigerian Banks, US Tech Firm Tackle Financial Exclusion with Blockchain
National Nigerian banks have teamed up with US-based software development company Hashcash to combat the African nation’s widespread issue of financial exclusion through a blockchain banking implementation. The collaboration aims to promote economic growth by banking a large number of the mainly rural residents that do not have accounts, as well as offer more efficient methods […]
Bithumb Airdrop Causing $247 Million in Wash Trading Daily
Bithumb is conducting season 1 of its ‘Super Airdrop Festival‘, where it refunds traders 120% of trading fees. It has set aside a limit of KRW 1 billion per day for the refunds, which comes out to KRW 167 million (USD 149,000) of rewards each day. Clever traders have seized this opportunity to make profits […]
“Most Original Altcoin Dev” Creating Supernode Proof-of-Stake (SPoS)
Sunny King, the developer of Peercoin and Primecoin, is developing a new cryptocurrency algorithm called Supernode Proof-of-Stake (SPoS). Considering King has been called “the single most original altcoin developer out there” by Ethereum’s Vitalik Buterin, it may be worth looking into this new algorithm. SPoS expands on PoS, which is when a user holds coins […]
Approved Swiss Blockchain Startup Goes for Banking License
A Swiss blockchain company which has gained regulatory approval in the alpine pro-cryptocurrency nation is to seek a banking license. Startup Smart Valor has won approval to operate in the country’s buoyant financial market and will be regulated by the local Financial Services Standards Association (VQF) rather than the national regulatory agency, the Financial Market […]
Bittrex, Cryptofacil to Launch Crypto Exchange in the Caribbean and Latin America
Bittrex has partnered with Cryptofacil, a new crypto exchange headquartered in the South American nation of Uruguay, to launch a crypto exchange across the Caribbean and Latin America. This is a major milestone since this region has lacked a major crypto exchange up until now. This new exchange will have over 200 cryptocurrencies and 270 token […]
Uzbekistan Legalizes Cryptocurrency, Sets Regulations
The President of Uzbekistan, Shavkat Mirziyoyev, has declared that cryptocurrency is legal, and has announced some initial regulations for trading and mining crypto. A new set of laws specifically for crypto are going to be developed by the government, which has decided not to use existing securities laws for crypto. One positive thing right off […]
Chinese Supreme Court Says Blockchain Can Be Legally Binding
China‘s Supreme Court set an international precedent Friday by adjudicating that blockchain evidence can be seen as legally binding in court, effective immediately. The decision comes with the minor caveat of courts requiring both parties in each case to provide evidence that blockchain technology was legitimately used in the manner they claim. The ruling puts an […]
15.8 Million UK Residents Own or Are Considering Bitcoin
A recent survey by Bitcoin wallet Luno has shown the desire by UK residents for the launching of a “Bitcoin Barometer” which monitors the numbers of those currently involved in crypto. The barometer, which was launched today, shows that an estimated 15.8 million UK residents either currently own or would consider owning cryptocurrencies in the […]
New Survey Shows Mixed Sentiments in Bitcoin, Crypto Mood in the US
A recent survey from YouGov reveals widespread knowledge of cryptocurrencies in the United States, the report also shows mixed sentiments toward the technology. Contrasting results YouGov, an international market research and data analytics firm, gathered data from 1,202 participants at the end of August; the poll results showed an interesting disparity in knowledge of cryptocurrency and […]
