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Blockchain evidence will now be legally viable in courts in China. As part of recent changes, using evidence from a Blockchain and using the ledger to help verify facts and claims, will be accepted. This comes as internet courts were also established recently to help settle claims of a digital nature. Internet courts are the latest development in the legal landscape as China attempts to reform the current landscape to accommodate for the ever expanding…

According to the Securities and Exchange Commission of the Philippines’, new legislation is currently being drafted to allow for crypto exchanges in the country to be regulated and expand opportunities available to both operators and customers. “We will put out a draft rule for the virtual currency exchanges, hopefully within the first half of September.” As reported by SEC Commissioner Ephyro Luis Amatong the new legislation will be drafted by next week with the aim…

The age old crisis which has plagued even non crypto users has become the malicious exploit of user power via webpages. Using a array of scripts such as the malicious Coinhive, the number of web operators looking to make extra revenue of clicks has been increasing steadily. Firefox, the signature web browser launched by the Mozilla foundation, will be enabling updates to counter the inclusion of mining scripts and tracking code enabling a faster, secure…

Baidu Tieba, the forums business of Chinese search giant Baidu, has begun clamping down on crypto related material being hosted on its forums. Attempting to search terms like digital currency prompt the following error message : “This forum is temporarily closed due to relevant laws, regulations, and policies.” Baidu Tieba is currently one of the biggest forum communities in China. Resembling the likes of Reddit across the globe, Baidu Tieba has allowed well over 300…

Elections have always remained a controversial subject among a number of country’s. With a handful of countries experiencing huge electoral violence and others plagued with corruption, Kenya is looking to blockchain technology to revolutionize the voting process. The Independent Electoral and Boundaries Commission of Kenya also hopes blockchain technology will be able to provide real time results helping to eradicate corruption and electoral fraud as the transparent nature of the blockchain will be able to…

South Africa has become one of the unlikely crypto hubs in the continent. Along with other markets including Nigeria, he country has seen a boom in crypto traders. Despite the positive reception to crypto, the state remains concerned due to the significant number of crypto traders evading tax bills and failing to reveal profits and assets to the South African Revenue Service. This has prompted the South African Revenue Service to ramp up its efforts…

JD.com, one of China’s largest online shopping destinations, has officially launched one of its biggest blockchain projects which will be used by Pacific Insurance to help track and record invoices. With Pacific Insurance being a publicly traded insurance company, the blockchain service developed by JD.com. JD.com remains one of the market leaders in the online commerce scene. Compared to Amazon, the company accounts for Billions of Dollars worth of sales in China with satellite sites…

As far as cryptocurrency adoption goes, no one has gone as far as Venezuela. Under the reigns of President Maduro, Venezuela may become the first ever country to adopt a central crypto currency bank., As initiated by the National Constituent Assembly, reforms will be made to the Venezuelan constitution as part of the plan to regulate and legalize a crypto exchange in the country,. A initial presentation of the reforms to be made will be…

Bitcoin may be one of the oldest crypto coins in existence, but its recently proving its power remains a big as ever. As shown on graphs below, bitcoin has increased its market share over the past month to regain a market dominance of 50.9% at the time of writing, This also marks the first occasion this year in which bitcoin has surpassed the 50% mark. Bitcoins market share has been growing steadily since may recovering…

Bitcoin markets have been sowing promising signs of growth this week having recovered swiftly despite a weak start which saw prices fall under the $7000 mark. As seen on graphs below, prices have risen 1.65% over the last 24 hours to hit $7047 at the time of writing. Speculation Currently markets are relatively stable with small price fluctuations pushing prices up or down 1-2% on a daily basis. This week prices bottomed just under $6900…