Police in China’s northwestern city Xi’an have arrested a primary suspect and three accomplices for a suspected cryptocurrency “pyramid-scheme” that is alleged to have defrauded over 13,000 investors of ¥86 mln ($13 mln), local news reported April 18. The chief suspect, identified by his surname Zheng, allegedly began preparations for the scheme in October 2017, […]

Blockchain

Bitcoin captured global curiosity when its’ value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market.   The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control they have in exchanges. Many research initiatives launched by global fintech […]

Asia

Chinese telecommunications giant Huawei revealed its latest Hyperledger-fuelled Blockchain offering at a conference in Shenzhen Tuesday, April 17. The Blockchain-as-a-Service (BaaS) tool, which comes a month after the release of Huawei and Hyperledger’s joint project Caliper, will be known as the decidedly low-key “Blockchain Service.” Hyperledger is an open source Blockchain operation created by the […]

BaaS

Bitcoin isn’t for payments? While that may be the popular narrative of late, don’t tell that to Bellatorra Skin Care, a luxury brand that has found the opposite as it’s expanded internationally into markets such as China and India. Not only is bitcoin (which has seen years of declining interest from merchants as the network bumped […]

Bitcoin

The Central Bank of Kenya (CBK) has issued a circular to all banks in the country, warning them against dealing with cryptocurrencies or engaging in transactions with crypto-related entities, local news outlet Standard Digital reports today, April 13. CBK Governor Patrick Njoroge mentioned the circular when speaking in front of the National Assembly Committee on […]

Africa

Crypto mining distributor MyRig recently revealed that electronics giant Samsung supplies the ASIC chips for Bitcoin (BTC) miners made by Halong Mining, according to a tweet from MyRig April 10. On Tuesday, MyRig tweeted an image of a company representative holding a plate of semiconductor material used in the production of integrated circuits. The firm […]

ASIC

Chinese internet search giant Baidu has launched a digital image property rights management platform based on Blockchain, the company announced Wednesday, April 11. The service, called Totem, timestamps each submitted original image with a real-time identity and other user data, storing it on a traceable and immutable Blockchain. According to the Baidu’s announcement, the company’s […]

Baidu

Organizers of a Chinese Blockchain conference that police suddenly shut down have denied rumors they invited a suspected fraudulent Initial Coin Offering (ICO) to the event, local news outlet YMTMT.com reported Thursday, April 12. Local media reports cite PTP International, the organizers behind the Global Fintech & Blockchain China Summit 2018 (GFBCS) in Shanghai, as […]

Bitcoin Regulation

A blockchain-themed conference in Shanghai was abruptly suspended by police on Thursday. The one-day event, dubbed the Global Fintech & Blockchain China Summit 2018 and organized by a business conference organizer called PTP International, was originally scheduled for April 12. Yet around midday (local time) on Thursday, the morning session was halted by police, and all […]

Asia-Pacific