Thai central bank considers blockchain for cross-border payments: report
Bank of Thailand could soon use blockchain for payments and also for managing its supply chain financing and document authentication, according to Dr. Veerathai Santiprabhob.
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Crypto market daily report – July 16, 2018
Bitcoin Cash recovered very well from its sub $700 levels and was trading at $721 at press time on Monday after having reached the $730 level on Sunday.
Police in India crack $300M GainBitcoin scam
Indian police investigators working on the GainBitcoin Ponzi scheme, which cost investors around $300 million, are saying that they have made great strides in solving the case.
Chile appeals court orders state bank to work with crypto exchanges
Chile’s Court of Appeals sided with Orionx crypto exchange, noting that the bank decision was an “arbitrary and illegal action, which constitutes a deprivation of the right to equality before the law.”
Over 80% ICO projects in 2017 are ‘identified scams,’ Statis study finds
In 2017, “over 70% of ICO funding (by $ volume) to-date went to higher quality projects, although over 80% of projects (by # share) were identified as scams,” according to the Statis study.
Euro-backed ‘stablecoin’ EURS launched in Malta
Malta-based startup Stasis has announced the launch of a new stablecoin, backed pound for pound by the Euro, in one of the first cryptocurrencies of its kind to be pinned to a major global currency.
Crypto in Africa: Reserve Bank of Zimbabwe embraces blockchain, Kenya moves closer to regulation
Accepting blockchain and its technologies has not been an easy task in Africa. However, the technology is slowly making headway in the continent.
Binance to invest in Malta’s decentralized Founders Bank
The collaboration between Binance and Neufund will see the setting up of Founders Bank, which will be focused on providing services to crypto customers, who, in turn, will be the shareholders of the bank through an ICO.
London School of Economics launches online crypto course
The London School of Economics (LSE) will be offering an online cryptocurrency course starting next month.
Crypto exchange Coinsquare’s global expansion starts in Japan
Coinsquare will open the new exchange in Japan jointly with venture capital firm Dlta21x formally Protos Blockchain Corp.
Donald Trump targets cyber frauds with newly-created crypto task force
The U.S. president signed an executive order for the establishment of a task force that will address “market integrity and consumer fraud.”
Elon Musk’s first-ever tweet about Ethereum calls out scambots
Ethereum founder Vitalik Buterin pointed out how unfortunate Musk’s tweet is, and appealed to the Ethereum community to come up with a solution.
John McAfee threatens to sue HitBTC over buy-in fees
John McAfee slammed cryptocurrency exchange HitBTC, calling his followers to boycott it and saying its minimum buy-in system effectively shut out potential users of Docademic.
3 crypto startups score landmark CEZA licenses in the Philippines
The Cagayan Economic Zone Authority has granted provisional licenses to three cryptocurrency exchanges, in a move that is expected to lead to investment of up to $3 million for the country.
India’s central bank breaks silence on anti-cryptocurrency stance
Reserve Bank of India (RBI) has finally spoken up about its recent decisions regarding cryptocurrencies, which has garnered global attention after a number of local companies challenged them in court.
Cryptocurrencies facing more stringent guidelines across EU
EU's new set of rules creates stricter requirements relating to transparency that target “anonymous payments through prepaid cards [and] virtual currency exchange platforms.”
Over 50% of all new ICOs fail within 4 months: study
Two researchers found that just 44.2% of all ICOs launched remained active after four months of their launch date.Given that $12 billion has been injected into 4,000 projects through investment money, that’s a substantial amount that fizzled out.
Hackers attack MyEtherWallet using fake Hola VPN extension
The hacker uploaded a fake version of Hola VPN to the app store, which, in turn, compromised MyEtherWallet (MEW) for about five hours before it was finally taken down.
In another first for Malta, ‘blockchain island’ hosts landmark ICCO
Malta continues to set the trend in the cryptocurrency and blockchain space with the launch of the first initial convertible coin offering (ICCO) by a local blockchain company called Palladium.
Europe’s first crypto unicorn? Ledger sells 1M crypto wallets in 2017
Paris-based crypto wallet company Ledger intends to enter new markets with its President Pascal Gauthier planning to raise more money in 2018 after it raised a staggering $75 million in January.