As reported by the local news outlet Runrun.es, the government of Venezuela is paying companies from allied countries, such as Iran or Turkey with Bitcoin to mitigate the effects of United States sanctions on its economy. The economy of Venezuela has been in a state of total economic collapse. This has been largely...
According to reports from local media, there are many strict measures taken by the authorities to break down bitcoin miners in Baoshan in Yunnan province in China. The recent move of the authorities was an order to the city’s power suppliers to shut it off, in order to prevent bitcoin...
Mt Gox was a Bitcoin exchange based in Tokyo, Japan that went bankrupt and halted all withdrawals in Feb 2014 after more than 850,000 BTC were supposedly lost to hackers, with 200,000 bitcoins recovered 2 weeks later. At the time, Bitcoin was trading at around $700 and Mt Gox was...
Bitcoin in 2018 witnessed a major sell-off. After an unprecedented boom in 2017, the price of Bitcoin fell by about 90 percent. The cryptocurrencies market capitalization lost at least $342 billion in the first quarter of 2018 alone. Since then, many called the bubble has burst and there is no...
Enjin has partnered with Unity Technologies to launch a test net version of its blockchain development kit. Enjin will demonstrate the test net version of the platform at the world’s largest gaming industry event ‘Game Developers Conference’ on March 18th. Unity is the world’s most popular game development engine. Used...
Samsung upcoming flagship smartphone Galaxy S10 will have an in-built cryptocurrency wallet. The user of Galaxy S10 can store BTC, ETH and send funds through Samsung wallet app ‘Blockchain Keystore’. For easy use, the Blockchain Keystore app will store private keys in Samsung hard drive and can be later easily...
[inlinetweet]After Venezuela’s own national currency and JP Morgan Coin, now, South Korean city of Gimpo plans to launch their own civic currency or cryptocurrency.[/inlinetweet] The digital currency will be developed by KT Corporation, a leading telecom firm in South Korea. KT Corporation was selected as a preferred bidder who proposed...
Starting this April purchases using Visa and Mastercard may get costlier (Source: Reuters). Change in fee structure will largely affect merchant banks (like Citigroup, JPMorgan etc) who maintain accounts for U.S. retailers. However, it is up to these merchant banks if they want to absorb it themselves or pass on...
U.S. state of Wyoming introduces a bill which permits corporations to tokenize company share
“Stable coin ‘J-Coin’ to be launched by March 2019” Mizuho Financial Group plans to issue a digital currency called ‘J-Coin’, with other Japanese banks (60 regional banks on board) that can be used for shopping and remitted at no cost, starting March 2019. About Mizuho Financial Group:It holds assets in excess of...
