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China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme

Prosecutors in China have charged four suspects said to be involved with operating an alleged $2 billion cryptocurrency pyramid scheme. According to a news release issued by the Supreme People’s Procuratorate issued Wednesday, a local prosecutor’s office in Hunan province has charged the four individuals as part of a wider crackdown…

Cryptocurrency market valuation to hit $1 trillion this year

Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year. According to the CEO of Kraken, Jesse Powell, in the rest of the months…

Ripple, a real-time gross settlement system

Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency.  Promising Results In…

Smart contracts

People make agreements all the time. In general, these agreements tend to be either hopeful promises secured by a handshake and some goodwill, or they are the really intense kind of agreement that requires lawyers, contracts, and signatures. One method is friendly and based on good intentions, while the other…

China Set to Provide Monthly Cryptocurrency Report

China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of…

12 largest banks in China have implemented blocking technology in the past year

Almost half of the 26 listed banks in China say they have implemented blocking technologies in 2017, according to the reports. The Chinese industry publication CEBNet reported that 12 out of 26 public banks in China, according to published annual reports, implemented blocking technology in their work last year. These…

Barcelona’s own crypto currency REC

Barcelona’s own crypto currency REC (Recurso Económico Ciudadano – Civic Economic Facility) is tied to the euro exchange rate and is already available for purchase in May and can be used in stores in the capital of Catalonia, reports Sputnik. Ten regions of the city included in the program of…

10000 Bitcoins on a market drops

Chinese businessman Mike Kai in an interview for a local newspaper Sina Finance said that he could achieve his personal goal – to accumulate 10 thousand bitcoins. Mr. Kai is the founder of the well-known photo application in China Meitu. He is also known as the angel investor of start-ups.…

4000 Crypto ATMs in Argentina

The company Odyssey Group will install in the territory of Argentina 4000 crypto-ATMs. This became possible after the Central Bank of the country allowed to place ATMs not only in banks. Before, only two local companies worked in the Argentine ATM market: Banelco and Link. The new rules made it…

Australian Blockchain Firm Strikes $190 Million Crypto Mining Deal

Sydney-based IoT Group, an ASX-listed firm, has inked a deal with the Australian reseller of Bitfury’s bitcoin mining hardware to kickstart a mining operation if it can get a decommissioned coal plant up and running again.  In an announcement and disclosure on the Australian Securities Exchange (ASX) on Monday, the…

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