Bing ban for 500,000 cryptocurrency ads

Bing ads ban

Microsoft’s internet browser Bing blocked more than 5 million cryptocurrency ads last year. The data was revealed in Microsoft’s annual review of advertising quality. Microsoft explained that digital advertising is a powerful and open channel. “it is also prone to abuse by bad actors trying to defraud and deceive users by delivering harmful and misleading ads, with persuasive content and innocent looking links that lead to phishing, malware attacks and other types of fraud,” said the report. In 2018, Microsoft suspended nearly 200,000 accounts and removed 900 million bad ads…

Read More

Russia may build offshore destination for cryptocurrencies, exchanges and forex

Russia may build offshore destination

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8. Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets. Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement. Petukhov made his statements while speaking to TASS at the St.…

Read More

Using Bitcoins may earn you a 10-year jail sentence

Bitcoin jail

In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. A new draft bill The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone dealing with cryptocurrencies. The…

Read More

Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

#TAOTAO

A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development. The new platform, called Taotao, announced on Twitter Sunday that it will go live on Thursday, May 30, at midday local time. According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch. The firm will also be making leverage available for interested traders, with three more cryptos added…

Read More

EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

EU Blockchain Observatory

The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…

Read More

New York rejects Bittrex Bitlicense application

New York

According to the press, the New York Department of Financial Services (NYDFS) decided to reject the BitLicense application from the Bittrex exchange. According to the New York Tax Office’s official report sent to Bittrex CEO Bill Shihare, New York, Bittrex Bitlicense rejects the lack of stock exchange policies and controls against AML, Know Your Customer (KYC), and Office of Foreign Asset Control (OFAC) ). Bittrex ranked 54th in the CoinMarketCap list of digital currency exchanges in terms of adjusted trading volume. The Bittrex case in brief BitLicense is a set…

Read More

EU Launches International Blockchain Association

International Blockchain Association

The European Union has officially launched the International Association of Trusted Blockchain Applications (INATBA) — with IBM, Accenture and Deutsche Telekom among the 100-plus members to have signed the association’s charter at a ceremony at the European Commission (EC) in Brussels on April 4. INATBA was legally formed last month as an offshoot of the EU’s European Blockchain Partnership, with the explicit aim of “supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies.” Launching ceremony Hosted by European Commissioner Mariya…

Read More

Verbatim appoints Clive Alberts as President

Clive Alberts Verbatim president

Verbatim, the leading data storage company and part of the Mitsubishi Chemical Group, has appointed Clive Alberts as President for its EUMEA operation. The position was previously held by Hidetaka Yabe who returns to Tokyo, Japan to undertake a General Manager’s role within the Corporate Marketing Department at Mitsubishi Chemical Corp. Alberts (45) previously worked for Freecom (2001 – 2010) as Head of Sales and Marketing for the DACH and CEE region (Germany, Austria, Switzerland and Central and East Europe). Freecom was purchased by Mitsubishi Chemical Media in 2010 and…

Read More

IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions

IBM Blockchain World Wire

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions. “More than a few banks around the world […] see tremendous business benefit to issue stablecoins in their native…

Read More

Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura

Nomura Japan

United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and related services to individual, institutional and government customers. Venture company Digital Garage, which invests in successful internet startups across the world, reportedly also contributed to the round. Information that the corporate funding round was led…

Read More

Is Rakuten moving toward crypto payments?

Rakuten Pay

The latest version of Japan-based e-commerce giant Rakuten’s mobile pay app may support cryptocurrency payments, according to the company’s 2018 earnings report presentation. The new version of the app, called Rakuten Pay, will be released on March 18th, and will support “all payments solutions embedded into one platform.” Rakuten has been accepting Bitcoin as a payment option through its American portal, Rakuten.com, since March 2015. In January, Rakuten revealed that its cryptocurrency exchange, “Everybody’s Bitcoin,” had been incorporated as part of the company’s new payments subsidiary, Rakuten Payment. The subsidiary,…

Read More

Google Cloud Analyzes Coin Concentration, Adds Six Crypto Datasets

google cloud

Google Cloud, a distributed computing service, has added several new cryptocurrencies to its data collections. The service originally introduced Bitcoin data in February 2018, and it followed up on that with the addition of Ethereum data last summer. Now, six more altcoins—Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin, and Zcash—have been added to the service. These additions mean that large-scale crypto analysis is more feasible than ever. The aforementioned datasets are now available to the public, but Google Cloud has already done some work with the datasets on its own.…

Read More

Ethereum Extends Impressive Run, up 35% in 1 Week

Ethereum chart

In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months. Can the Constantinople Fork Effect Continue to Fuel Ethereum? Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The…

Read More

Coinbase Moves $5 Billion

Coinbase Moves $5 Billion

Major cryptocurrency exchange and wallet Coinbase recently made what it claims is the largest transfer of crypto on record, a company blog post reports Dec. 19. According to the post, 5 percent of all Bitcoin (BTC), 8 percent of all Ethereum (ETH), and 25 percent of all Litecoin (LTC), along with “many other assets” were moved to new cold storage infrastructure in what the firm “believe[s] is the largest crypto migration on record.” Coinbase reports that last week, the firm “completed an on-blockchain migration of approximately $5 Billion (as valued…

Read More

UNICEF Invests in Blockchain Technology for Its Upcoming Humanitarian Projects

Unicef Blockchain

The United Nations International Children’s Emergency Fund (UNICEF) has announced investing in six blockchain startups. According to UNICEF, the new investments are part of the strategy the agency intends to implement in integrating blockchain in its humanitarian work line. The humanitarian agency already received more than 100 applications from 50 different countries, in response to the shout out it released in Jan. 2018 for young technology startups, while it already has 20 technology firms in its innovation fund, that range from science, machine learning, and virtual reality, to drones. Today,…

Read More