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South Korea Regulators Preparing to Announce Cryptocurrency Taxation Laws

Reports indicate the South Korean ministry of strategy and finance is to begin taxing cryptocurrency in a bid to regulate the crypto sector by 2019. Since the winter of 2018, South Korea has garnered a great deal of attention as a key crypto-battleground; the rumoured ICO bans, exchange shutdowns and misleading negative press coverage has contributed to making South Korea …


Nevada Goes Ledger Nano Mad at Christmas

Price protection app Earny has recently revealed that the crypto hardware wallet, Ledger Nano, was US state Nevada’s most popular purchase over the 2017 Christmas season. The wallet is one of the cryptocurrency industry’s most favored along with Trezor and Keepkey. Although the published data did exclude smart home devices, the survey demonstrates that the popularity of the device in crypto-friendly …


Seoul Mayor Pushes Ahead With Blockchain

Seoul Mayor, Park Won-Soon, has announced plans to continue to develop the use of blockchain technology in the South Korean capital. This renewal of interest in the technology comes after South Korea’s official announcement earlier this year that there would be no ban on cryptocurrency in the East Asian country. The original declaration by the South Korean ministry of justice …


IBM to Expand Business Cryptocurrency Applications

IBM to expand business crypto

Computer giant IBM has been meeting with executives from central banks and large corporations this year to investigate possibilities of further utilizing cryptocurrency technology to save money and increase business revenues. Over the past year, IBM is reported to have met with 20 central banks all exploring the potential of applying the new technology to their business model by issuing …


Russian State-Owned Bank To Trial Crypto Transactions

Russian State-Owned Bank To Trial Crypto transactions

Prominent state-owned Russian bank Gazprombank has announced plans to facilitate cryptocurrency transactions in Switzerland. Gazprombank, Russia In an interview conducted by Russian local news outlet Vedomosti on 29 March, Sobol described the operations not as grand scale, but rather for the benefit of the bank itself. Sobal noted, ”this is a demand from the sides of our large private clients for such amenities”, acknowledging …


Major Polish Bank Adopts Blockchain Technology

Major Polish Bank Adopts Blockchain Technology

A partnership with blockchain company Coinfirm was announced by Polish bank PKO Polski on 29 March. PKO has embraced Coinfirm’s Trudatum tool in order to provide its customers with a secure means to access documents containing information regarding regulations, transactions, fees and commissions. This would eliminate the need for paper documentation and represent a major boost to the bank’s financial budget, …


Cisco Looks To Patent Blockchain Group Chat Technology

cisco-trail

Multinational technology conglomerate Cisco has filed for a patent incorporating blockchain technology with a group chat format. Cisco notes in the publicly available patent filing that its innovation would make confidential group messaging easier and more secure than formats currently available. The application from Cisco describes the benefits of blockchain technology in this area, recounting it as enabling users to form groups …


Beyond Speculation: Where Bitcoin Derives Value From

Bitcoin Value

When Bitcoin appeared, not many people were ready to recognize the true value a decentralized solution to cash could bring. It took years until the technology was met with recognizable levels of adoption and its creator(s) vanished shortly after Bitcoin began receiving significant mentions from major media, but that’s another story. Bitcoin’s roots The vision Bitcoin created and the road …


Malta Gaming Authority Brings Blockchain Sandbox Reforms

Malta Gaming Authority Brings Blockchain Sandbox Reforms

The Malta Gaming Authority (MGA) issued a document looking to apply major reforms to the gaming industry in regards to the use of cryptocurrencies and blockchain technology. The authority aims to bring new standards for game developers for accepting crypto payments, use of digital wallets, deposits, and the calculation of exchange rates. The overhaul looks to change the current multi-license system to …


French CryptoCurrency Plan Unclear but Optimistic

French minister of finance and economics, Bruno Le Maire, has made comments recently which appear to extol the merits of cryptocurrency and blockchain technologies as being revolutionary. Le Maire suggested that blockchain technology would offer startups the option to “…create a network of trust without intermediaries…and offer increased traceability of transactions” generating a climate for a more efficient French economy. …


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