China’s internet conglomerate Tencent has launched a WeChat applet that serves as a financial risk inquiry and reporting platform on June 5th. The applet mainly targets at exposing pyramid schemes, especially those newly-emerged but already rampant crypto scams. It is often difficult ...
Cryptocurencies remain incredibly popular in Japan. The National Tax Agency of Japan announced that, they received 21,980,000 income tax return forms in 2017 and the total amount of tax-paying hit 41,430 billion Japanese yen, according to Nikkei Keizai Shimbun. This is the first time ...
Earlier this month, the local police, Korea Financial Intelligence Unit (KIU), and Financial Services Commission (FSC) raided and investigated UPbit, the country’s biggest cryptocurrency exchange. Premature Investigation The government of South Korea accused UPbit of conduc...
Police in China’s central city of Hunan province recently busted a cryptocurrency pyramid scheme that amassed 15 billion yuan (€1.9 billion) and arrested 119 suspects across 20+ provinces and cities. According to a reported from local media source on Monday, the scheme is related to the ...
According the latest data posted by the central bank of China, the outstanding deposits dropped by 1.32 trillion yuan in April. It was also remarked as the largest decline in history within a single month. At the end of December 2017, the Outstanding RMB deposits registered RMB 164.1...
The Bank of Korea, South Korea’s central bank, has recently stated that the emergence of cryptocurrency such as bitcoin and Ethereum will bring a coin-free society one step closer. Inefficiency of Bank Accounts For more than a decade, the South Korean government, its central bank, and...
The cryptocurrency market has experienced an explosive resurgence this week. Strong performance of major cryptocurrencies boots the total valuation of the cryptocurrency market. Experts are positive about the long-term potential. Cryptocurrency exchange is also an important component of this cap...
Chinese financial authorities have reiterated their stance on Monday towards ICO activities and cryptocurrency exchanges at a news conference in Beijing, saying that Chinese government will continue to escalate crackdown on illegal fundraising activities, and ICO projects and crypto tradin...
Li Xiaolai, a notable blockchain investor and bitcoin tycoon in China, recently has been appointed a manager of a $1.6 billion government-backed blockchain fund, dubbed “Xiong’An Global Blockchain Innovation Fund”. And in Wednesday evening, Li said in an interviewed with former Senio...
Although there are still heated debates over blockchain and cryptocurrency, a serious shortage of hire-able talented executive has clearly exist in this industry. More and more blockchain startups and exchanges join in the war for talent. April 17, Wu Shupeng, the former chief security advis...
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