Category: cryptocurrencies

We’re all aware of the versatility and usability of blockchain technology, and not just in the virtual currency industry. It can be used in nearly any industry relying on recording transactions and data, including the UN. The UN will soon be taking advantage of the power of blockchain in the fight against climate change. According to the EconoTimes, the group’s Climate Change secretariat has launched the Climate Chain Coalition (CCC), whose main aim will be to research how the technology can help in the fight against this global problem. The…

Read More

The well known Canadian financial institution Versabank has announced it is in the midst of building a new vault initiative for customers so they can securely store digital assets. Versabank’s latest creation will be called, ‘Versavault,’ a platform focused on storing all kinds of digital properties including cryptocurrencies, but with the security and trust that comes with a Canadian chartered bank. Also Read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws” Versabank: ‘Digital Assets Are Just As Valuable As Any Family Jewelry, Property Deed or Stock Certificate’ This…

Read More

The Internet of Things is an exciting and quickly growing field of technology, and blockchain technology could make the platform quicker and more inexpensive. Cyber-Physical chain is looking to change the way IoT works. Streamlining the Future The Cyber Physical Chain (CPChain) will enable the ever-expanding Internet of Things (IoT) industry to grow into a more universal network for devices all around the world. The primary goal of the project is to reduce the costs of system connectivity, ensure user privacy, and provide a stable, secure system for the IoT.…

Read More

The South Korean Communications Commission has conducted a survey of major cryptocurrency exchanges in the country and found them to have insufficient customer data protection. Eight exchanges have been sanctioned, with 30 days to resolve their issues and safeguard their systems. Also read: Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March All Major Exchanges Are in Violation The South Korean Communications Commission (KCC) announced on Wednesday that it has sanctioned 8 cryptocurrency exchanges “a total of KRW141 million [~USD$132,540] in penalties for violating the Personal Information…

Read More

Six BitConnect investors, who collectively lost over $700k on the platform, are taking the company and its affiliates to court in the US. Earlier this month, BitConnect released this piece of so-called ‘System News’ on its website, outlining the fact that closing the Bitconnect lending and exchange platform. In line with the halt, the company reported that it would be moving forward with some key changes made to its platform, primarily rooted in the idea that BitConnect would serve as a wallet service and, at the same time, would news and…

Read More

Air travelers will soon be able to spend some satoshis in stores and cafes at Brisbane Airport. Major retailers will be accepting several cryptocurrencies, including bitcoin. The promise: “unprecedented digital currency experience” in the airport terminals. More than 20 merchants in the Brisbane area now take cryptos thanks to a local startup that is working on this project, too. Also read: How to Protect Your Bitcoin and Your Privacy When Passing Through Customs Because It Makes Sense The main air transportation hub of southeastern Queensland is preparing to launch the…

Read More

China’s People’s University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018. Sorting ‘Good’ From ‘Bad’ ICOs Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely. China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months. September saw the second exchange shutdown of 2017 become a permanent…

Read More