Fraudulent schemes always take advantage of newly-emerged stuff to catch their next wave of prey. Recently, another pyramid scheme under the camouflage of cryptocurrency was busted in China. The scam project named “Zhaoyun gold ('兆云金' in Chinese)” swindled over 170 million yuan ($25 milli...
Ethereum’s co-founder, Vitalik Buterin, has shared his view on the too-much emphasis being placed on the actualization of an Exchange Traded Fund (ETF) for either Bitcoin, Ethereum or any other cryptocurrency. In a tweet, Buterin notes that enough emphasis should rather be on how to...
According to a survey launched by Hong Kong Blockchain Association (HKBA), nearly half of the participants believe that Hong Kong economy, even the world economy will deteriorate in the following year. Approximately 23% of the participants said they are considering to invest in ‘virtual...
Thailand Finance Ministry’s has announced a regulatory framework for digital asset licencing which came into force Tuesday on July 24, and interested parties could apply for licences from the Securities and Exchange Commission (SEC), according to local news outlet Bangkok Post. “Exi...
A rumor spreads over the cryptocurrency world last week circulated that South Korean electronics giant Samsung would had entered a partnership with obscure Lithuanian blockchain startup CopPay and started to offer digital currency payments for their customers in Baltic states. However, i...
On Wednesday July 18, four witnesses discussed before the US Subcommittee on Monetary Policy and Trade one-panel hearing on how digital currencies may feature in the future of money. Its chair, Mr. Andy Barr cites the restriction on cryptocurrencies in China and Vietnam, their embrace...
Chinese smartphone maker Xiaomi is launching its IPO in Hong Kong. The trading in Xiaomi shares on the Hong Kong stock exchange is expected to commence on 9 July 2018. Recently, Blackmoon, a Cyprus-based crypto company, claimed it offering tokenized shares of Xiaomi. However, Xiaom...
Xue Manzi, a notable Chinese-American angel investor and online social commentator, revealed that he is working with 15 countries in the Caribbean to launch a “Pirate Coin”, announced at the TokenSky Blockchain Conference 2018 in Tokyo. Xue Manzi, or Charles Xue, has been known ...
A working paper recently published by the China Banking Regulatory Commission (CBRC) is dedicated to the legalization and regulatory studies on cryptocurrency-related activities. The paper, titled The Study of Development and Regulations on Distributed Ledger Accounts, Blockchai...
Bitcoin price hit a yearly low around $5,781 at 16:00 (GMT+8) June 24. The recent drop has seen bitcoin lose more than 70% from $20,000 since its all-time high price last December. As the original cryptocurrency, bitcoin has created a legend of millions-of-times spike hitting a high of $...
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