Month:December 2018
Survey Reveals 40% of Chinese Population Ready to Venture into Cryptocurrencies
While it might sound astronomical, a Chinese survey covering 4,200 individuals shows that 40% are gearing up to invest in cryptocurrencies in the future. This insight comes straight from Chinese Crypto news outlet 8btc. A recent inquiry, dubbed 'Chinese Count 2018,' highlights that almost the entire Chinese population is now aware of digital currencies like Bitcoin. No [...]
Bitcoin and Ethereum Conclude Their Year of Major Setbacks
Bitcoin, Ethereum, and a slew of other altcoins are wrapping up the year that saw the fading of high hopes amidst significant drops in crypto valuations. Bitcoin, the flagship of cryptocurrencies, saw its value plummet by 73.02%. Starting the year at $13,863 and concluding around $3,740.01 equates to a striking fall of over $10,000. Since […]
Millions Invested to Make Physical Bitcoins a Reality via Bakkt
Bakkt, the United States-based digital assets platform, publicized that it raised $182.5 million in its initial funding round on December 31, as per a company blog announcement. Established by the New York Stock Exchange, Bakkt closed its first funding round with the active support of 12 partners and […]
Australia's Powr Ledger Faces Scrutiny for Sponsored Testimonials
The Australian blockchain firm Powr Ledger has incurred penalties after securities regulators and trade professionals uncovered that they compensated for favorable testimonials. These reviews falsely suggested that the electricity-trading startup Powr Ledger had garnered the attention of Tesla founder Elon Musk, an assertion that was created and paid for by the Australian company, as per a recalled […]
London Maintains 18 Pending Investigations Related to Cryptocurrency Firms
According to the Telegraph, a prominent UK media outlet, British regulators are currently handling 18 ongoing investigations into companies dealing in cryptocurrencies. The FCA is delving into these matters out of growing concerns over the financial markets' integrity. From January 2018 to November 12, the Financial Conduct Authority, known as the FCA, has launched probes into 67 companies involved with cryptocurrency business activities. […]
Kuwait Incorporates Ripple for Cross-Border Money Transfers
In the latest move towards embracing blockchain technology within both banking and governmental sectors, the National Bank of Kuwait, or NBK, has unveiled its intent to collaborate with Ripple's blockchain-powered payment system to debut the ‘NBK Direct Remit’ service. By doing so, the bank positions itself as the pioneering financial entity in the country to […]
Libereum's Claims of Purchasing Spanish Football Club Elche CF Are Unfounded
According to news circulated on December 26th, Dutch Cryptocurrency company Libereum allegedly acquired the Spanish football club Elche CF. However, such claims have been dismissed, and as of now, there is no formal acquisition in place. Libereum's press release to the crypto community claimed ownership of the Spanish […]
Samsung Set to Introduce a Crypto Wallet in the UK
Samsung, the renowned electronics corporation hailing from South Korea, is gearing up to debut its blockchain and cryptocurrency-enabled smartphones as it pursues a trademark with the UK Intellectual Property Office. This registration indicates that Samsung might be contemplating integrating a digital currency wallet into its mobile devices, further substantiating rumors circulating about potential […]
Italy Assembles a Panel of 30 Professionals to Guide Its Blockchain Policy
In a governmental announcement, Italy presented a new task force comprising 30 specialists spanning finance, business, academia, law, and technology to spearhead the country’s blockchain strategy. The Ministry of Economic Development shared a roster of 30 professionals on Thursday, all of whom are charged with shaping blockchain regulations. […]
5% of Israeli Population Engaged in Bitcoin; Corporate Blockchain Adoption Rises by 44%
The traction of blockchain and digital currencies seems relentless, or so the market sentiment goes. Following the acquisition of a cryptocurrency exchange platform by a winery retailer, its chairman enthused about the benefits offered by the crypto space. Raymond Ting Pang-wan, who chairs the board at Madison Holdings Group, pointed out that Japan accounts for approximately 20% of the global Bitcoin trade […]