A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin, as a decline in the cryptocurrency’s price has made […]
Malaysian Blockchain App Allows Users to Trace Sustainable Palm Oil
The Malaysian Palm Oil Council (MPOC) and blockchain startup BloomBloc have developed a blockchain app that enables users to trace palm oil throughout the entire supply chain. Following a successful test, the blockchain-based system is available in a pilot roll out to local oil palm growers, palm oil processors, plantations and family owned smallholders, according […]
Devs Plot Launch of Telegram’s Blockchain Without Company’s Involvement
A U.S. court order may have barred Telegram from launching its blockchain, but that doesn’t mean others can’t. So says the TON Community Foundation, a group of more than two dozen software developers and investors, who are now discussing possible ways to launch the Telegram Open Network (TON) without the messaging platform’s participation. “We consider […]
SEC wins injunction against Telegram blockchain launch in key ICO case
Ruling in a landmark digital currency suit by the Securities and Exchange Commission, U.S. District Judge Kevin Castel of Manhattan issued (2020 WL 1430035) a preliminary injunction Tuesday, barring the launch of the Telegram Open Network blockchain. The judge held that based on the particular facts surrounding Telegram’s plan to distribute a new digital currency […]
Manitoba Regulator and Police Warn of Increase in Bitcoin Scams
The Manitoba Securities Commission (MSC) has issued a public warning against cryptocurrency scams after reports of fraud involving two European firms. On March 20, the Manitoba securities watchdog published an investor alert regarding Jbcapitals and Halifax & Associated for defrauding a rural Manitoban of more than $5,500. The two firms are affiliated with each other and primarily […]
Japanese Investors Rushed To Buy The Dip After Bitcoin Bloodbath
The number of retail investors registering for an account with Japanese cryptocurrency exchange bitbank spiked by 40% in the week after the Bitcoin bloodbath. The March 12 meltdown saw the price of Bitcoin (BTC) drop to a new 2020 low at $3,775. An official blog post by bitbank market analyst Yuya Hasegawa reveals that Bitcoin trade volume […]
Alleged Telegram Sex Crime Ringleader Paraded in Public in Korea
The alleged ringleader of a notorious Telegram sex crime chat group has been paraded in public after millions signed a petition demanding the Korean Government publicly name him. Cho Ju-bin, 24 — who went by the username ‘Banksa’ or ‘doctor’ — was arrested and charged last week along with 17 others for distributing and selling photos […]
Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020
The Neo Foundation announced on March 25 that they have released the necessary funds to continue operating for the 2020 Fiscal Year (FY). A total of 1,660,865 NEO worth approximately $11 million was released, with 27,800,303 NEO ($190 million) still remaining. According to its blog post, the Neo whitepaper allows the Foundation to sell its stake of NEO […]
Delta Capital secures $50 million equity investment from Prytek Holdings
Financial services consulting firm Delta capital has secured a $50 million investment from Singapore VC Prytek Holdings. The investment will see Delta Capital become the financial services arm of Prytek, gaining access to a further $100 million of capital for future acquisitions and funding for client transactions. Prytek currently has 35 companies in its portfolio […]
Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement
Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933. At press time, BTC price is attempting to establishing a higher foothold at $6,700 while […]