A court in Chile has ruled in favour of a state-owned Bancoestado, which recently closed the account of a cryptocurrency exchange — Orionx, without stating any reason for its actions. According to the Judge in charge of the ruling, the bank has “acted in compliance with laws on laundering and terrorist financing, a threat allegedly…
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Hong Nam-ki, South Korea’s incoming finance minister, has recently made it known that he has plans to tax cryptocurrency, especially initial Coin Offerings (ICOs). Hong also made it known in a recent statement that a Taskforce made up of experts from both the private and public sector will be formed, with the goal of ensuring…
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Binance which recently announced that it has created a Combined Stablecoin Market (USDⓈ) which is made up of several top-ranking stablecoins, has also made its known that it has added a new stablecoin, True USD (TUSD), to its combined stablecoin market. TUSD Added to Combined Stablecoin Market (USDⓈ) In an announcement today, the Binance team…
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Artificial intelligence (AI) has found its use in several innovations ranging from online ads to search engine. Based on a recent report, AlGame Foundation has found a use for AI technology in online gambling. The tech company has made it known via a recent press release that it has launched its first public project called…
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The Bahamas which has successfully established itself as a pristine tourist point of attraction has announced plans to become a force to reckon with when it comes to blockchain technology adoptions in years to come. This was made known by an NGO— Caribbean Blockchain Alliance (CBA) which is in collaboration with some institutions planning to…
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Japan’s Financial Services Agency (FSA) has made it known that it has plans to regulate Initial Coin Offerings (ICOs) in Japan. The financial watchdog also made it known in its recently concluded meeting that two existing laws that can be applied to token sales will be amended. The Japan Financial Services Agency (FSA) According to…
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Just last month the United State of Ohio made a major move towards adopting blockchain technology. The Ohio state tax office created a website through which residents of the state can pay for their tax using bitcoin. Another US state which has done something to push the adoption of blockchain technology in recent time is…
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European countries have been at the forefront of regulating the crypto industry for quite some time now. Other major world economies which have so far realised the significance of blockchain technology have shown interests in regulating the industry in the past few months. To show that the world top economies really mean business when it…
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Anyone conversant with the happenings in the crypto industry doesn’t need to be told about the recent Bitcoin Cash hard fork that shook the entire crypto industry and has been pinpointed as the principal cause of the prolonged bear market. The BCH hard fork led to the creation of two new consensus— Bitcoin SV and…
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Israel’s former prime minister speaking at a startup event for ‘Globes’ said, “there is no chance my cyber company will sell to dark regimes.” Former Israeli Prime Minister Ehud Barak recently became the chairman of medical cannabis company InterCure Ltd, and when asked at a Globes event, whether investing in the drug was comparable to…
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