Thailand’s crypto industry has grown to overtake the entire economies of Argentina and Turkey despite the country remaining 7under Junta rule. One of the few Asian nations in which Blockchain is allowing unrestricted financial management, the future looks promising despite several attempts to enforce restrictions. Thailand has been ruled by a military government ever since the coup which occurred in 2013. With the Royal Thai army in charge of all government affairs crypto use restrictions…
Binance Uganda, the recently launched subsidiary of popular cryptocurrency exchange – Binance, has hit a milestone just few weeks after the October 24 opening of its first fiat-to-crypto subsidiary in Uganda, East Africa. Despite a general decrease in global cryptocurrency entrants this year due to waning coin prices, the nation of over 43 million seems to have nationals buzzing in the cryptocurrency sphere. This revelation is in contrast to fiat statistics which show that three…
The Korean Financial Services Commission has officially announced its stance on the relationship between crypto exchanges and banks. While previously many banks including the Korea Development Bank, Industrial Bank of Korea and the Shinhan bank moved to prevent crypto traders from creating bank accounts, the commissioner of the FSC has now announced all exchanges will face no issues when using and operating banking accounts. “There exists no issue in banks providing virtual bank accounts to…
Bithub Africa, a Kenya-based blockchain and cryptocurrency startup is studying the use of off-grid solar power to mine Bitcoin and Ethereum. Speaking on its proposed operations, John Karanja CEO and founder of Bithub Africa expressed his optimism regarding their mining operations which he hopes will spread the technology to other parts of the continent. In his words, Mr Karanja quipped: We are using solar energy in a similar manner to traditional power sources, to test…
With the increasing interest in cryptocurrency and its underlying blockchain technology, there’s also a need to educate and equip people with necessary information on how this innovative technology works. Interestingly there are several books written to meet this demand. If you are a developer, investor, trader, entrepreneur, enthusiast or a novice and you want to learn more about cryptocurrency and how the technology behind it work, there several books available that best suits each category.…
Bitcoin Birthday- Today marks Ten years (Halloween 2008) when Satoshi Nakamoto published the famous white paper that gave birth to Bitcoin. On this day in 2008, the future of the financial system based on digital currency was drafted. Satoshi proposed a decentralized system and titled his white paper; “Bitcoin: A Peer-to-Peer Electronic Cash System”. In his paper, Satoshi remarked: I propose a purely Peer-to-Peer version of the electronic cash system which would allow online payments to…
China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…
Visa, popular payment processor and credit card service company has through its CEO expressed its openness to support cryptocurrencies in due time. The CEO who made his stance known on CNBC’s Mad Money show; has his company look to follow the lead of fellow financial service provider MasterCard, but only when the crypto market size grows. According to the company’s CEO Al Kelly, the Visa brand will implement cypto-friendly systems in the future if the global…
Mastercard, the American payments giant, has initiated its ventures into blockchain technology by filing a patent outlining a blockchain based payments platform. To allow users and companies to track crypto, process transactions while making use of a fractional banking system. As outlined in the patent : Accordingly, the use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still…
Mansion for sale – Roy Niederhoffer, New York resident and President of New York hedge fund R.G Niederhoffer Capital Management Inc is placing his 10,720 square foot mansion for sale. The six floors mansion located at 40 Riverside Drive in Manhattan was bought by Mr. Roy in 2013, for about $12.9 million. Five years after its renovation, he has reluctantly put up the mansion for sale at $16 million; with payment to be accepted in…