Archived Posts

Several nations are planning to establish a new system to gather and exchange personal information on individuals who perform cryptocurrency trades. The objective is to avoid money laundering, funding terrorist organizations or use it for illegal purposes. The system would be created by the FATF (Financial Action Task Force), a global organization made up of   Read more...

South Korean enterprise SK C&C has disclosed its intention to launch a donation platform using the fork of Ripple blockchain. The platform is also expected to support a stablecoin pegged to won in a 1:1 ratio, and also a utility token. Chosun, South Korean news daily, has reported that the donation platform is currently in   Read more...

Coinbase, the US based top cryptocurrency platform, is in the process of listing Algorand (ALGO) token, native crypto of Algorand blockchain, to its Coinbase Pro platform, which primarily caters to professional crypto traders. While announcing its plan through the official blog post, the cryptocurrency exchange stated that it will allow full-fledged trading of Algorand (ALGO)   Read more...

Malaysian authorities raided Bitcoin (BTC) mining facilities after discovering that electricity theft that resulted in a loss of 3.20 million Malaysian ringgit ($760,736) to the utility firm. Malaysian energy firm Tenaga Nasional Bhd (TNB) was ripped by an illegal cryptocurrency mining scheme, resulting in a loss of $760, 736. After discovering the malpractice, the company   Read more...

In an attempt to turn Seoul into a blockchain powered smart city, South Korea intends to introduce its own cryptocurrency in November. The South Korean capital intends to unveil a native city-wide cryptocurrency named S-coin, the aim of which will be to inspire citizens to partake in administration, enable cooperation between citizens, and gather information.   Read more...

Coin Metrics, crypto market research firm head-quartered in Massachusetts, has pointed out that 318 addresses store nearly $1 billion worth of Tether (USDT), representing 80% of global Tether supply. The finding was reported by Bloomberg. Nic Carter, co-founder of Coin Metrics, further stated that cryptocurrency exchanges such as Binance and Bitfinex are some of the   Read more...

In a matter of one year, as many as six million invoices have been issued using blockchain-based platform by Shenzhen, a major Chinese city. After the program was initiated in August 2018, over 5,300 domestic firms in 113 sectors have participated in Shenzhen’s blockchain invoice program so far. In this regard, Shenzhen Municipal Taxation Bureau   Read more...

Standard-Chartered, which offers financial services with head-quarters in London, has finished its first cross-border blockchain letter of credit deal in the oil sector with Thai government owned oil giant PTT Group. Standard Chartered stated that it has effectively completed a pilot letter of credit (LC) deal for PTT Group, IRPC Public Company Limited and PTT   Read more...

VeChain, which offers blockchain platform for public enterprise, has collaborated with Penfolds, a winemaker from Australia, to introduce a case of wine bottles tracked with blockchain, under the Wine Traceability Platform (WTP) program. In particular, unveiling Penfolds Bin 407 in July underlines the start of VeChain’s WTP phase 2, according to VeChain’s media release. The   Read more...