According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency use within Vietnam was not a “lawful means of payment” this past October.
Scaling has been a heated topic for the bitcoin community for some time. Further, even when a technology does become available, getting people to use it becomes the next big hurdle. Segregated Witness has not been fully adopted by all wallets and service providers, and not all exchanges batch transactions, to name two examples.
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Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges.
Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,”
South Korean electronics titan Samsung has announced that its Baltic stores now accept multiple cryptocurrencies as a means of payment via the blockchain-based CopPay platform, according to a July 20 Medium post.
The platform allows merchants to receive cryptocurrency and either keep the payments in a cold wallet or immediately convert it to fiat.
The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis.
The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early April of this year,
A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now.
A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban’s critics to be submitted by that day.
The Global Media Blockchain Alliance has been established in Hong Kong to create a “healthy public opinion environment” for the blockchain industry, Taiwanese newspaper China Times reports July 20.
At the 2018 Global Media Blockchain Summit, held in Hong Kong July 19, the Global Media Blockchain Alliance released its “Hong Kong Initiative.”
I understand the short answer is “nothing”, but I ask because I’ve had trouble explaining this to a coworker which made me realize I don’t really get it myself.
What information can I glean from following the stolen bitcoin on a blockchain explorer? 1GvfmXt2CKP8QJfw93LNcnNV6KghD5ohVA
How useful is the IP address the withdrawal was made from?
On CNBC’s Fast Money, BitMEX CEO Arthur Hayes reaffirmed his stance on the price of bitcoin stabilizing in the $5,000 region before initiating the next rally.
Is a 30% Drop Imminent?
On July 1, Hayes appeared on CNBC’s Fast Money and discussed the price trend of bitcoin and the extreme volatility in the cryptocurrency amidst the third worst correction in the industry’s history.
Vietnam is closing in on a sweeping move to – temporarily – ban the import of ASIC cryptocurrency mining equipment after the central bank approved the proposed plan.
The State Bank of Vietnam (SBV), the country’s central bank, is in agreement with a government ministry’s proposal to suspend imports of cryptocurrency miners,
South Korea’s primary financial regulator will establish a new policy-making body centered on nurturing Korea’s fintech industry with a specific focus on cryptocurrency and blockchain technology.
The Financial Services Commission (FSC) is set to establish a new policymaking body dubbed the Financial Innovation Bureau to proactively help the fintech industry while formulating policies for the cryptocurrency sector,
HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph.
HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking,
The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme.
EOS Tops China’s Blockchain Rankings for Second-Straight Month
Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week,
India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector following a hearing today.
On Friday, India’s Supreme Court held its latest hearing of the case against the Reserve Bank of India’s (RBI) circular forbidding all regulated financial institutions,
A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent.
According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create a system that allows multiple parties to bid for a financial asset over a distributed network.
The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19.
NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature of the sender” as the “evidence of contract agreement by the receiver is not left in the transaction.”
The patent suggests a “simple,
Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) may be looking to invent a new contract agreements system based on blockchain technology, according to a patent application published Thursday.
The world’s fourth-largest telecom provider details how it could use the application to store contracts without allowing for documents to be tampered with.
Japan’s Internal affairs minister Seiko Noda has denied her involvement in a government investigation into the operation of a non-registered cryptocurrency exchange, local news outlet the Asahi Shimbun reported July 19.
In January, the Financial Services Agency (FSA) reportedly suspected a Tokyo-based company of violating the law by operating a non-registered cryptocurrency exchange.
Huobi Group has announced the launch of a new platform, Huobi Cloud, that will allow users to build digital asset exchanges on top of Huobi’s existing platform.
According to a statement shared with Cointelegraph, more than ten multinational companies have already become partners with Huobi Cloud. The new product is aimed at establishing over-the-counter (OTC) and digital asset exchanges.
A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding.
POINTS, founded in 2017, said it drew funding from a mix of traditional venture capitalists including Danhua Capital and Ceyuan Ventures, a backer of OKCoin. Other participants in the seed round include the Ontology Foundation as well as Zhong Cheng Xin Credit Technology,
Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity.
This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a deterrent tariff that will see cryptocurrency miners paying double the rate that is levied on households and other utility customers.
The Vietnamese central bank, the State Bank of Vietnam (SBV) announced it will suspend the import of cryptocurrency mining hardware, according to local news agency Viet Nam News July 19.
The move followed an official request from the Ministry of Industry and Trade (MoIT), which suggested a temporary ban of imports of crypto mining machines,
An unconventional candidate has triumphed in tron’s ongoing blockchain elections: its own founder Justin Sun.
After announcing his candidacy to become a tron “super representative” (a node on the software elected by token holders to validate transactions, create blocks in the network and compete for its rewards) just one day ago, Sun has successfully garnered enough votes to run one of just 27 nodes that will operate the $2.5 billion tron network.
Big-name insurers such as AIG, Allianz, Chubb, and XL Group are increasingly tailoring coverage options to protect businesses in the crypto space, Bloomberg reports July 19.
Aon, a major insurance broker that claims to occupy 50 percent of the crypto-insurance market, told Bloomberg the firm is seeing more crypto-specific protections catering to the new industry.