July 7, 2018 @ 1:38 pm By Cali Haan  |  

Recent floods in China’s central Sichuan province have destroyed thousands of cryptocurrency “mining” machines (dedicated computers) and may have slowed processing power on the Bitcoin network, Golden Finance reports. Anhui, Jiangsu, Shandong and Jilin provinces were also badly affected by prodigious rains, says ECNS News,… Read More

July 6, 2018 @ 11:54 am By Cali Haan  |  

  The European Banking Authority (EBA), charged with harmonizing banking across the EU, has devoted 13 pages of its latest 56-page Fintech report to assessing two potential use cases in banking for “distributed ledger technology” (DLT, although sometimes called “blockchain”). And while its not all… Read More

July 6, 2018 @ 8:45 am By Cali Haan  |  

Money, “brings the best out of every individual..(and) makes the machinery work…” says famed Mexican economist and General Manager of the Bank for International Settlements (BIS), Agustín Carstens, but “the system is fragile” to interest rate and trade gyrations, and young people must stop printing from nothing in… Read More

July 5, 2018 @ 3:33 am By Cali Haan  |  

Microsoft Taiwan held a joint press conference with Digital China and HighCool companies at Le Meridien Hotel in Taipei June 28th to announce a “tripartite blockchain strategy cooperation” agreement has been struck between the three firms to create a vast, blockchain-moderated public-private computing cloud. Also… Read More

July 5, 2018 @ 2:55 am By Cali Haan  |  

The Russian military is building “a military technopolis” in the Black Sea town of Anapa where 200 scientists will focus on creating blockchain tech for national security, Russian publication Izsvestia reports. Protecting state secrets will be a priority at the new facility, which will welcome, “operators… Read More

July 1, 2018 @ 2:00 pm By Cali Haan  |  

The Ontario Securities Commission (OSC) has published a report on a comprehensive survey of 2500 Ontarians regarding their interest in and knowledge of digital currencies like Bitcoin. The report, commissioned by the OSC’s Investor Office and conducted by Innovative Research Group, found that 5%, or… Read More

July 1, 2018 @ 8:46 am By Cali Haan  |  

Steve Wozniak, who co-founded the Apple Computer Company with Steve Jobs in 1976, has made more public comments on blockchain and virtual currency systems, this time at the NEX tech conference in New York, CNBC reports. Although the sometimes complex tech is promising (“decentralized and… Read More

June 30, 2018 @ 12:01 pm By Cali Haan  |  

Ross Ulbricht has been denied his last chance to appeal the sentence of double life plus forty years (with no chance of parole) he received after being convicted of running the “Silk Road” illicit online marketplace in 2015. The decision to deny the request was… Read More

June 30, 2018 @ 10:59 am By Cali Haan  |  

The American Department of Justice (DOJ) announced June 26th that its “First Nationwide Undercover Operation Targeting Darknet Vendors” has resulted in the arrest and charge of 35 individuals accused of selling illicit goods in the Internet underworld. The comprehensive, inter-agency dragnet also seized guns, drugs,… Read More

June 30, 2018 @ 9:59 am By Cali Haan  |  

The Hong Kong Monetary Authority (HKMA) announced June 26th that it has signed a Fintech agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), “to enhance collaboration between the two authorities with a view to encouraging and enabling innovation in… Read More

June 29, 2018 @ 7:42 am By Cali Haan  |  

Every year, the foundation started by tech billionaire Peter Thiel gives away a total of $2 million dollars to 20 outstanding young and promising technology entrepreneurs, “young people who want to build new things instead of sitting in the classroom.” The money is granted in… Read More

June 29, 2018 @ 2:52 am By Cali Haan  |  

The FBI, that agency with the Ken Doll guys in the suits in all the movies, you should know, is keeping an eye on 130 illegal situations involving cryptocurrencies, Bloomberg reports. “But how big is the problem!?” you ask. Well…OK… it’s basically sliver-sized, says Supervisory… Read More

June 28, 2018 @ 6:15 pm By Cali Haan  |  

Three experts told the US Senate Subcommittee on Crime and Terrorism Tuesday that shell companies currencies now pose a “significant” threat and virtual currencies and “emerging” threat to the integrity of political processes in the US. This was the 8th hearing on election interference held… Read More

June 28, 2018 @ 11:06 am By Cali Haan  |  

The Director of the Federal Trade Commission’s Consumer Protection Bureau, Andrew Smith, says investors lost $532 million to crypto scams in the first two months of this year, and will lose $3 billion by the end of it, Coindesk reports. Smith was speaking at a… Read More

June 28, 2018 @ 9:36 am By Cali Haan  |  

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and its CEO Richard Teng have been very active in the blockchain and virtual currency spaces of late. Fresh on the heels of an announcement earlier this week that the FSRA /… Read More

June 27, 2018 @ 4:19 am By Cali Haan  |  

The Chinese crypto and blockchain news site 8BTC is reporting that Ebang company, manufacturers of the E9 bitcoin miner, has submitted a prospectus to the Hong Kong Stock Exchange seeking to have the company listed there in a $1 billion dollar IPO (Initial Public Offering)…. Read More

June 26, 2018 @ 10:57 am By Cali Haan  |  

The streets of Tehran filled with protestors yesterday as citizens vented frustration about declining economic conditions and the steady devaluation of the country’s currency, the rial. A composite of videos from social media posted by Radio Free Europe shows mainly male protesters standing behind burning… Read More

June 26, 2018 @ 10:44 am By Cali Haan  |  

One of the largest pharmaceutical companies in the world, Merck, has filed for a US patent for a process to ensure “parts” produced in its manufacturing processes are created to standard. The patent, “Methods and Systems for Implementing Distributed Ledger Manufacturing History,” states that whereas “additive manufacturing”… Read More

June 25, 2018 @ 8:44 pm By Cali Haan  |  

The head of research at the bank coordinating the world’s top 60 central banks, the Bank for International Settlements (BIS), told delegates at its Annual General Meeting Sunday that he does not believe cryptocurrency blockchains in general can scale and transact enough to threaten the… Read More

June 25, 2018 @ 3:40 pm By Cali Haan  |  

Officials from several American law enforcement agencies told the US congress June 20th that they have noted an increased use of cryptocurrencies for crime. The Deputy Assistant Director of the Secret Service’s Office of Investigations, Robert Novy, stressed that enforcement agencies must continue to adapt… Read More