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Korean TV channel to launch a reality show in search for “new Satoshi”

This October the Korean TV channel Asia Economy TV starts a reality show called Block battle – Who’s Next Satoshi. The contestants will be developers of blockchain solutions. The purpose of the show is to “find the next Satoshi Nakamoto”. Developers who are willing to participate can apply before September 5. The judges will consist

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3 months ago
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China will block Internet access to 124 crypto exchanges

The Chinese risk management unit will continue to monitor and block access to 124 trading platforms. The regulator’s duel with crypto companies continues. As reported earlier, China is also taking steps to ban media channels related to crypto events, and is now ready to block more than 120 foreign crypto exchanges that offer commercial services

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3 months ago
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India to use citizens’ identification on blockchain

Several Indian government agencies drew attention to the new platform of Lynked.World. The main goal of this state-business collaboration is to facilitate the procedures for identification of citizens. The company provides solutions for authenticating on the basis of blockchain for entrepreneurs, government agencies and so on. It uses its P2P network to verify the data.

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3 months ago
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Two more people arrested in the GainBitcoin pyramid for $300 million in India

Indian police arrested two citizens associated with the fraudulent project GainBitcoin. Their arrest continued a series of detentions in Delhi, where authorities raided a major mining center. Times of India refers to an anonymous police officer who stated that the two suspects were promoting the scam project among thousands of investors across the country. According

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3 months ago
103
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Vietnam toughens measures on digital currencies

Vietnam’s State Securities Commission (SSC) has warned companies not to carry out transactions related to cryptocurrencies. In April 2018, the government prohibited crypto trading in the country. Vietnam’s authorities banned any cryptocurrency-related activities as part of the Prime Minister’s Directive, on April 11. The ban was later expanded to hardware that could be used for

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4 months ago
104
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Japanese crypto traders will set a limit on the leverage in margin trading

Trading platforms in Japan might impose a 4-to-1 limit on the leverage in margin trading. According to the local newspaper Jiji Press, such measures were recommended by the The Japan Virtual Currency Exchange Association (JVCEA) in order to protect investors. Nevertheless, JVCEA plans to give exchanges the right to independently set limits and impose restrictions

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4 months ago
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India will prepare a crypto legislation till September – presumably no ban

By September, the Supreme Court of India will issue a set of detailed bills regulating the crypto market. An unnamed official from the Ministry of Finance said that there is no intention to ban crypto completely. Earlier,  the Reserve bank of India announced the temporary ban of operations with crypto exchanges. Then the Supreme Court

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4 months ago
127
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Korea to legitimize crypto market to control the industry and prevent crimes

The South Korean financial authorities are planning to adopt the first legislation concerning virtual currencies in the nearest future: the main aim for the regulation is preventing hacker attacks and having control over the crypto market. The regulatory framework that is now being developed will allegedly cover a wide range of cases – from crypto

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4 months ago
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News

South Korean telecoms giant KT builds its own blockchain

According to CoinDesk, South Korea’s largest telecommunications company, KT Corporation, has launched its own blockchain network. The company uses KT Network Blockchain to verify users and improve international roaming services. According to the company representatives, the platform will allow KT Corporation partners to transfer their clients’ data safely. By the end of the year, the

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4 months ago
133
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FSC to establish department for cryptocurrencies in South Korea

According to Korea Times, the Financial Services Commission of South Korea (FSC) announced the establishment of the so-called Financial Innovation Bureau, which will regulate the cryptocurrency sector. The decision was made during a meeting of representatives of the FSC and the Ministry of Internal Affairs and Security. According to the authorities, the Bureau will protect investors,

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4 months ago
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News

Chinese crypto millionaires buy real estate using bitcoin

Guo Hongcai, a bitcoin millionaire from China, in April sold 500 BTC for US dollars and bought a 100,000 ft2 house in Los Gatos, California and a Rolls-Royce. Hongcai is not the only crypto millionaire, who is interested in foreign real estate markets. Some businessmen buy houses directly with bitcoin or other cryptocurrencies, others sell

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4 months ago
116
News

The first bank-backed crypto exchange in the world is finally available for customers

Last month, Japanese financial company SBI Holdings launched its crypto exchange VCTRADE. However, according to CoinDesk, the trading platform was only available for a few selected users. On Tuesday, SBI Holdings announced that the platform is now available for users from Japan, aged from 20–70. However, some users are not currently able to use a

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4 months ago
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