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Danske Bank Advises Investors to Refrain From Crypto

Danske Bank Advises Investors to Refrain From Crypto

Danske Bank has released a statement on their website setting out its policy of “a negative position towards cryptocurrencies”. It is advising its customers to refrain from such investments. The global Nordic bank, which serves over five million customers in northern Europe, is the biggest bank in Denmark. It made headlines earlier this week by banning cryptocurrencies like Bitcoin across all …


New Ford Innovation Proposes Blockchain Technology

New Ford Innovation Proposes Blockchain Technology

In a document released last week, it was revealed that the US motor giant Ford was awarded a patent to alleviate traffic congestion on American roads. The patent, Vehicle-to-Vehicle Cooperation to Marshal Traffic is designed to evaluate driver behavior to improve coordination by drivers on the road by communicating with each other en route aided by blockchain technology. The proposed …


South Korea’s Kakao Announces Blockchain Platform, Dismisses ICO Rumors

South Korea

The co-CEOs of the most prominent internet company in South Korea Kakao announced on Monday its latest blockchain subsidiary project ‘Ground X’ while shooting down rumors of an ICO attached to it. Blockchain and Kakao 3.0 Kakao is pursuing the release of a blockchain platform this year, one that is capable of having other services and applications built on to …


Ethereum Markets React to Rumored ASIC Miners

Ethereum ASIC

Rumors surrounding a new Ethereum mining rig from leading mining hardware provider Bitmain have resulted inEthereum prices dropping below a one-week high of USD 585. Ethereum isn’t the only blockchain network wary of new Application-Specific Integrated Circuit (ASIC) mining tech, with Monero already set to resist ASIC mining earlier this week. Rumors with substance The stories sparked up when CNBC …


Blockchain Driving the Future of Autonomous Cars

Blockchain Driving the Future of Autonomous Cars

Autonomous cars are no longer a thing of science fiction and will be arriving sooner than you think as they approach “level 2″ technology. The technology is in its infancy and has many future problems to overcome. Cars will boast deep learning supercomputers, in the form of Nvidia’s flagship architecture Volta. This hardware platform is the perfect foundation for a …


Central Bank Of China Release ‘Blockchain Registry Open Platform’

Central Bank Of China Release 'Blockchain Registry Open Platform’

The People’s Bank of China (PBoC) launched their first blockchain-based platform, dubbed the Blockchain Registry Open Platform (BROP). Its purpose: to cut through the extensive bureaucracy surrounding China’s banking system. The platform was developed by the Zhongchao Blockchain Research Institute, that works as a subsidiary under the PBoC. The project was unveiled at the Global Financial Science and Technology Summit, as a platform …


Malta: The Next Place For Crypto Startups?

Malta: The Next Place For Crypto Startups?

Prime Minister of Malta Joseph Muscat has recently revealed plans to reestablish several cryptocurrency businesses in his country’s jurisdiction. Malta already has pro-blockchain legislation and existing regulations around cryptocurrency, making this announcement an outreach for more cryptocurrency companies to locate in the Mediterranean country. Muscat’s announcement came during a political rally in Mqabba last weekend, where he stated he was in ongoing discussions with potential …


NEM Hackers Are Successfully Moving Stolen $550 Million

NEM Hackers Are Successfully Moving Stolen $550 Million

A Tokyo cybersecurity firm has confirmed that nearly all of the USD 550 million worth of NEM cryptocurrency (XEM) stolen in a January 2018 heist has been moved on the dark web.  The funds were initially stolen through Japanese cryptocurrency exchange platform Coincheck, in the form of 500 million NEM tokens. The tokens were tracked by cybersecurity firm Takayuki Sugiura of L Plus. …


Australian Government Goes to Public on Cryptocurrency Tax Changes

Australian Government Goes to Public on Cryptocurrency Tax Changes

The Australian Tax Office (ATO) has suggested this month that it needs public input regarding its current legislation regarding cryptocurrency tax obligations. This is partly due to an increased interest in cryptocurrency in general within Australia over the last twelve months. A public comment process has been initiated in order to examine taxpayers concerns and examine issues which may impact …


Gold Castings of Nelson Mandela’s Hands Sell for $10m in Bitcoin

Gold Castings of Nelson Mandela's Hands Sell for $10m in Bitcoin

Canadian cryptocurrency exchange firm Arbitrade bought four gold casts of the first black South African president’s hands for a massive USD 10 million, to be paid in Bitcoin, at its PDAC conference recently. The firm was planning to launch a global “Golden Hands of Nelson Mandela” tour to educate young people about the anti-apartheid icon’s life. The casts make up …


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