Tag "cryptocurrency"

President Xi Jinping Fuels China’s Renewed Appetite For Blockchain

China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said “greater effort should be made to strengthen basic research and boost innovation capacity.” The Communications Industry Association, an affiliate of

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5 Recent Stories Shaping Korea’s Blockchain Ecosystem

South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more and more lately. Increasingly, South Korean banks and tech firms are ramping up blockchain adoption in a big way with

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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism

Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will be a stablecoin fully backed by a reserve of real assets. The goal, it says, is to avoid high fluctuations

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How Cryptocurrency Scams Work

Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on

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3 Ways Crypto.com Is Trying To Make Cryptocurrency Mainstream

Despite its meteoric rise in popularity, cryptocurrency has yet to gain global mainstream adoption. Crypto.com, a Hong Kong-based startup, is attempting to change that and it is doing so through three of its key products. Multi-currency Wallet and Pre-paid Visa

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New Study Highlights Price Manipulation, Scams and Fraud in Crypto Market

A new report by finance and accounting professor Paul Barnes released in November 2018 explores the cryptocurrency market, highlighting its susceptibility to speculative bubbles, manipulation, scams and fraud. The paper, which was presented at a blockchain and cryptocurrency conference organized

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North Korea is Exploring Fintech and Blockchain

North Korea is exploring the possibility of introducing fintech services to its population with an initial focus on improved payments and mobile technology. Fintech has been growing rapidly around the world and yet there’s still no appreciable fintech services available

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10 ICO Stats Show How The Current Market is Doing

Increasing popularity of initial coin offerings (ICOs) as a means of funding startups brought particular attention to this thriving market and helped the blockchain industry grow drastically in recent years. According to a June 2018 PwC report, ICOs continue to

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Cryptocurrency Exchanges in Taiwan

As the development of cryptocurrency evolves, cryptocurrency exchanges have become the core of the blockchain economy globally. Exchanges open the access to cryptocurrencies to the public, allowing investors to trade with fiat currencies or cryptocurrencies. Because of the use of

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Hong Kong Remains ICO Crypto Hub Despite Regulator Skepticism

The Hong Kong Securities and Futures Commission (SFC) has taken a critical tone on initial coin offerings (ICOs), qualifying many of these as “dubious, if not downright frauds.” In a speech at the Hong Kong Investment Funds Association on April

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