News > FinTech, Blockchain

5 Years Since the Silk Road Was Shut Down – How Has Cryptocurrency Changed?
Five years ago today (October 1st, 2013), bitcoin’s most notorious marketplace, the Silk Road, was shut down by the FBI and its founder Ross Ulbricht arrested. Operating as part of the dark web on a Tor hidden service, the Silk Road was an online platform where people bought and sold illicit goods and services using bitcoin. While millions of dollars
Baidu Opens the Kimono on It’s ‘Xuperchain’ Blockchain Project
After unveiling their “Super Chain” blockchain protocol back in June, Chinese internet giant Baidu recently released plans for a “Xuperchain” blockchain network, reports Coindesk: Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need
Blockchain-Based Energy Trading Powers Across Asia
With swelling market interest and a growing array of ground-breaking projects, Asia is now set to match Europe and North America in the blockchain-based energy trading space, writes Solar Plaza. As well as hosting a vibrant start-up community of its own, the region is already a major focus for international energy blockchain leaders such as US-based LO3 Energy and Power
Crypto Mining Behemoth Bitmain Officially Files Highly Anticipated IPO
Bitmain, the Beijing-based cryptocurrency mining equipment behemoth, has officially filed to go public, riding a wave of mind-boggling revenue growth toward its highly anticipated IPO. The company is going public on the Hong Kong Stock Exchange (HKEX), but its prospectus is still highly redacted, which means there are still plenty of questions about its offering. As CoinDesk notes, Bitmain's IPO
London Calling: A New Survey Shows 1 in 3 Londoners Plan on Investing in Cryptocurrencies
Roughly 1 in 3 (or 30 percent) of people in London have said they plan on investing in cryptocurrencies - c0mpared to 13 percent nationwide in the United Kingdom, according to a new survey conducted by Rathbone Investment Management.  The survey also found that 1 in 8 crypto investors in London "attribute their current wealth to digital currencies like bitcoin and
This Could Be an Important Week For Shaping ICO Regulation in the U.S.
About 50 key industry players in the cryptocurrency and financial services industries will be meeting with members of Congress on Tuesday for a roundtable to discuss regulating initial coin offerings (ICOs) in the United States. The roundtable, called "Legislating Certainty for Cryptocurrencies" and organized by Rep. Warren Davidson (R-Ohio), was first reported by Axios. Among the people who are slated
Singapore Central Bank Official: Blockchain ‘Fundamental’ to Transforming Financial Services
Just how serious is Singapore about blockchain? Immensely, apparently. Speaking at an event called Consensus: Singapore, Damien Pang, the Monetary Authority of Singapore’s Technology Infrastructure Office chief, said that blockchain – together with artificial intelligence – are “fundamental” technologies for the transformation of the financial services industry, the South China Morning Post reports. “We take an approach where our regulations
Japan Hit by Another Massive Cryptocurrency Heist
Japan has been hit by another cryptocurrency heist with $60 million stolen, as Reuters reports on Thursday September 20th 2018. Ilia Kolochenko, CEO and founder of web security company High-Tech Bridge comments as follows: “Unfortunately, even the harsh regulation of crypto markets is no silver bullet. Digital coins are extremely attractive for cybercriminals who can easy launder them and convert
Ripple Says it's Nearing the Release of its Commercial Crypto Product
Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said in an interview with CNBC on Monday that the blockchain startup is expected to release its crypto-based xRapid product "in the next month or so." Ripple's xRapid is a tool that is designed to give banks a much faster way to make cross-border transactions by