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Thai Crypto Regulation Makes Progress as 4 Crypto Businesses Get Licenses

Thai Crypto Regulation Makes Progress as 4 Crypto Businesses Get Licenses

The SEC in Thailand announced that the Ministry of Finance has granted licenses to four crypto businesses out of seven applications under review to operate in the country under the Emergency Degree on Digital Asset Businesses B.E. 2561 (2018). Prior to this development, the seven crypto-related businesses were granted provisional rights to operate under the Emergency Decree on Digital Asset Businesses B.E. …


Accenture: India Needs New Skills for 4th Industrial Revolution

India Needs New Skills for 4th Industrial Revolution

An Accenture report has highlighted that India must improve its skills pool over the next few years to keep abreast of its push to promote the adoption of emerging technologies. The ‘Fueling India’s skill (r)evolution’ report warns that if the current skills gap can’t be bridged, this could result in the loss of as much as USD 1.97 trillion in …


Overstock’s tZERO Wins Patent for Crypto Integration Platform

overstock tzero patent crypto integration bitcoinnews

Overstock’s security token trading subsidiary tZERO has won the patent for a “crypto integration platform” designed to integrate the cryptocurrency market with legacy trading systems. The design draws a premise from the fact that “recent increasing adoption of cryptocurrencies (e.g., Bitcoin) worldwide creates challenges for existing trading systems”. The integration involves a complex but precise process of communication between blockchain …


Coinfloor to Launch Derivative Crypto Futures Amid Tough Market

coinfloor derivative crypto futures markets bitcoinnews

Top UK cryptocurrency exchange Coinfloor has told Bloomberg, that it is venturing into the derivatives market despite the seemingly poor market outlook and fierce competition in the futures market, with physically-delivered Bitcoin futures the new emerging derivatives for the asset class. The CoinfloorEX spinoff of the Coinfloor cryptocurrency exchange will be offering the new physical Bitcoin futures services to sophisticated Asian …


Japan Talks Bitcoin ETF, Ignores Futures Package

Japan Talks Bitcoin ETF, Ignores Futures Package

As reported by the news outlet Bloomberg today, the financial regulator in Japan has abandoned its plans to allow Bitcoin futures but will consider the possibility of an exchange-traded fund (ETF) based off the new asset class. The source cited someone who was familiar with the development as saying that the Financial Service Agency (FSA) was “gauging industry interest in …


Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

The Chinese state-run media organization Beijing News reported that the cryptocurrency bear market is expected to continue into 2019. Perhaps an unsurprisingly negative outlook is influenced by the country’s condemnation of Bitcoin and other digital currencies. Beijing News claims Bitcoin investments became a ”black hole” in 2018 with the coming year showing ”no obvious rebound” for the market. 2017’s bull run …


Fake News Website Publishes Article on Ex-PM of New Zealand Promoting Bitcoin

Fake News Website Publishes Article on Ex-PM of New Zealand Promoting Bitcoin

A fake news website has been found promoting Bitcoin by using the image of ex-Prime Minister of New Zealand. The website, Crypto Revolt, has been flagged before as being a scam and using people with little ethics to promote fake services. These fake services are then used to target unsuspecting people in order to defraud them financially. The fake promotion …


Asia and Australia: Crypto and Blockchain News Roundup 29 December 2018 – 4 January 2019

Asia

Asia and Australia Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. India India Drops Plans for National Cryptocurrency: A report from the Hindu BusinessLine, an Indian financial news portal has said that the Reserve Bank of India has dropped its …


IG of Police in India Wary About Crypto Investments

IG of Police in India Wary About Crypto Investments

The news outlet Business Standard reported yesterday that Jammu and Kashmir police in India have issued a public warning with regard to investing in cryptocurrencies, noting the associated heightened risks. The Inspector General of the police crime branch issued the warning in a statement saying: “The general public is informed not to make any type of investment in cryptocurrencies, virtual …


Thailand Develops Blockchain-Based Hybrid Voting System

_Thailand Develops Blockchain-based Hybrid Voting System

News media outlet Bangkok Post announced yesterday that the National Electronics and Computer Technology Center (NECTEC) in Thailand developed a hybrid e-voting and traditional voting system using blockchain technology. Head of the cybersecurity laboratory at NECTEC Chalee Vorakulpipat said: “Nectec developed blockchain technology for e-voting that can be applied to national, provincial or community elections.” The technology according to him …


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