It turns out, last year's mantra "make blockchain real" was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns. Still, there's reason to believe the same...
Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown.In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from...
DMA (Data & Marketing Association) and MetaX have recently announced their project called adChain - a collaborative project between the two companies aimed at solving advertising fraud using Blockchain technology. While most people are more familiar with Blockchain technology being used by cryptocurrencies such as Bitcoin, the two companies...
In today’s world, talk abounds about the ever-increasing regulatory hurdles every modern global industry now faces. The way to address any risk is to impose more and more regulations on an industry to ensure the sins of the past are not repeated, and politicians can best show the electorate...
The Reserve Bank of India (RBI) is keeping a close watch on transactions involving cryptocurrencies, says RBI Governor Urjit Patel to Parliamentary Panel. The Indian Government has taken multiple moves to curb tax evasion. The government demonetized high value currency notes in November 2016, in an attempt to flush...
Bitcoin has reached a new all-time high of $4580 as prices shoot up a further six percent in 24 hours. Data from Coinmarketcap shows averaged exchange trading values at $4576 as of press time Tuesday, a clear $130 higher than the previous all-time high on Aug. 15. Reacting to the...
Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that collected 7.8 billion yen (almost $69 million) from thousands of victims across the country. According to a report from The Asahi...
The rags-to-riches stories about Bitcoin investors are a consistent theme with the rise in the value of Bitcoin over the past six months. The most recent is Erik Finman, who invested $1,000 in Bitcoin in 2011 when it was valued at $12. His parents had made an agreement with him...
Richard Malish is General Counsel at NICE Actimize where he counsels on global anti-money laundering, fraud, trading compliance and banking regulatory matters. The New York Attorney General ("NY AG") recently issued a report on its fact-finding enquiries to multiple virtual currency trading platforms believed to be operating in New...
Wallet provider Blockchain has raised $40 million in second round funding from new and existing contributors. The deal, which became public knowledge today, means that the resource has so far raised an excess of $70 million since its inception. “Our Series B represents the most substantial investment in the fintech...