Wednesday, December 11, 2019
Blockchain will continue to see major investment from China’s Hainan Free Trade Zone (FTZ) with new funds fostering local businesses.As local English-language news outlet Xinhua Net reported on Dec. 5, Hainan’s dedicated economic pilot zone has pledged to boost the role blockchain tech plays in the local...
MUFG Bank, the largest bank in Japan and the world’s fifth-largest bank, has denied reports that it plans to launch a digital currency in Japan next year.In a statement on Dec. 4, Mitsubishi UFJ Financial Group Bank (MUFG) said it had not decided whether a recent business...
The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the...
Microsoft, major game developer Eidos and gamebook firm Fabled Lands are jointly developing a blockchain card game based on a 1980s best-selling gamebook.According to a press release published on Dec. 1, the new card game will be based on the 1980s best-selling book called “The Way of...
The 21st century world is connected, but not centered. These are both good things. Connections link people, cultures and ideas. Indeed, all the great advances in human history have been the result of social and economic networks.Without the trade routes of the Indian Ocean, the Islamic world...
Today United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions.According to the November 29 announcement, the 36-year-old Griffith was arrested at...
Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent...
EOS Block Producer “EOS New York” has published data purportedly showing that six registered producers on the network are managed by a single entity.In a tweet published on Nov. 28, EOS New York raised concern over the apparent levels of centralization and misconduct, claiming that:“Six registered producers...
Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month.In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to...
Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting.As the 2019 tax year comes to an end, the software is designed to help firms, certified public accountants and professionals counsel their clients about reporting their taxes from crypto in accordance with the tax...