Malaysia to Release Crypto Regulations in Q1 2019

Malaysia to Releases Crypto Regulation in Q1 2019

In a local news report, Finance Minister of Malaysia Lim Guan Eng confirmed today that a digital asset regulatory framework that will include cryptocurrency exchanges and initial coin offerings (ICO) will be released and enforced during the first quarter of 2019. Over a year ago, the Malaysia central bank began the development of a pro-blockchain […]

Steemit Lets Go Over 70% of Employees, Blames Bear

Steemit Laysoff More Than 70% Of Employees Due To Bear Market

Steemit, a popular blockchain-based social media platform, has laid off more than 70% of its workforce according to an announcement by founder and CEO Ned Scott. This is largely due to the crash in cryptocurrency prices during 2018. The native cryptocurrency of Steemit, STEEM, has declined from nearly USD 8 in January 2018 to USD […]

Galaxy Digital Down 70% Since Launch, Halts Trade After 18.6% 2-Hour Plunge

Galaxy Digital Down 70% Since Launch, Halts Trade After 18.6% 2-Hour Plunge

The stocks of Galaxy Digital Holdings Ltd, a major cryptocurrency-oriented hedge fund owned by billionaire Mike Novogratz, has declined from a listing price of USD 3.03 to USD 0.90 as of today, 28 November. Yesterday, 27 November, was a particularly harsh day for GLXY, with an 18.6% drop in less than two hours, which caused […]

Russia, India Seek Common Ground in Blockchain, AI Development

Russia, India Seek Common Ground in Blockchain, AI Development

India and Russia have issued a joint statement indicating that both countries are to cooperate in areas such as fintech, tourism, and AI. Further dialogues are due to take place between Russia’s minister of economic development Maxim Oreshkin and National Institution for Transforming India (NITI Aayog) vice chairman Rajiv Kumar. The published statement after the first […]

Blockchain Deployment to Give $3 Trillion Boost to Global Economy by 2030

Blockchain Deployment to Give $3 Trillion Boost to Global Economy by 2030

A new World Trade Organization (WTO) report illustrates the burgeoning effect of DLT on global trade with an estimation that the technology could add USD 3 trillion to the global economy by 2030. WTO’s findings, entitled ‘Can Blockchain revolutionize international trade?’, incorporates not only the effects of blockchain on world trade but also how other sectors […]

Hong Kong Port Operator Joins IBM Blockchain Platform

Hong Kong Port Operator Joins IBM Blockchain Platform

The second largest shipping container terminal in Hong Kong, Modern Terminals, has joined TradeLens, a blockchain project by IBM and Maersk. TradeLens is a blockchain initiative by the technology and shipping giant to shift record keeping and other documentation on decentralized ledger technology. Through this, it intends to deliver increased efficiency at lower costs. The platform […]

BitcoinNews.com Daily Podcast 27th November 2018: Markets in the Green

BitcoinNews.com Daily Podcast, 4th October 2018

Listen to the 27 November 2018 BitcoinNews.com Daily Podcast below [su_audio url = “https://anchor.fm/s/58aba88/podcast/play/1798346/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-10-28%2F6086886-44100-2-98e5944e258d4.mp3”] On this edition of the BitcoinNews.com Daily Podcast, we discuss how the crypto market has begun a move upwards. Learn about how Russian miners are liquidating their rigs due to the decrease in mining profitability. Hear about the conflicting views at the […]

Leading Crypto Firms Seek to Formalize Digital Assets Standards

Leading Crypto Firms Seek to Formalize Digital Assets Standards

Ten cryptocurrency industry titans have banded together to form a working group in a bid to formalize a number of positive standards for the digital currency market. Crypto credibility The Association for Digital Asset Markets (ADAM) is looking to leverage the joint expertise of its members and partnerships across financial firms and regulatory experts, in […]

Vitalik Buterin: Efficient Blockchain Relies on User Not Tool

Vitalik Buterin: Efficient Blockchain Relies on User Not Tool

Ethereum co-founder Vitalik Buterin took a fresh dig at IBM in an interview at a recent conference, suggesting that the tech giant’s use of blockchain for supply chain tracking is a waste of time. He was speaking in an interview at this year’s Devocon4 conference in Prague for Ethereum developers, which was focusing on extending […]

Bahrain Kicks Off Country’s First Blockchain Academy

Bahrain Kicks Off Country's First Blockchain Academy

The Bahrain Institute of Banking and Finance (BIBF) has released a statement in which it has announced the tiny Arab nation’s first-ever “Blockchain Academy”. Under the umbrella of the Specific Council for Vocational Training, BIBF is a non-profit and semi-government setup dedicated to training people in the financial sector. Setting up the academy would allow the […]