Category : Blockchain/DLT Technology News

Blockchain-based Ride-Hailing App Opens in Vietnam

On January 21, 2019, blockchain-based ride-hailing app Tada launched operations in Vietnam after previous expansions into Cambodia. New Markets Tada, a blockchain-based ride app has seen quite the expansion in recent times. The opened to Cambodia in...

Milligan Partners and Rufftup.io Join Forces to Launch a Blockchain-Powered Tolling System

Milligan Partners, a leading U.S. tolling company has allied with Ruuftup.io, a distributed ledger technology (DLT) firm to launch Tolling.Network, a tolling solution powered by the Hyperledger Fabric, aimed at enhancing toll interoperability, accord...

Two Former Executives Jailed for Faking Cryptocurrency Transaction Volumes

On January 17, 2019, two former executives from Komid, a South Korean cryptocurrency exchange, were jailed for three and two years respectively for using fake accounts to fraudulently inflate transactions on the exchange. The Sentencing In a historic...

Bitcoin Remains Firm amid Mixed Newsflow: BTCManager’s Week in Review January 21, 2019

The price of bitcoin remains firm, gaining two percent week-on-week, amid a mix of positive and negative news. The announcement by Bakkt that it has made its first acquisition shows that the institutional crypto trading venture is on track to become...

Saudi Arabia and the United Arab Emirates (UAE) to Launch Pilot Cryptocurrency for Cross-Border Payments

Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, accordi...

Taiwanese Authorities Charge Seven Bitcoin Ponzi Scheme Organizers

The Taiwanese authorities have officially pressed charges against the seven fraudsters who were arrested in June last year for allegedly running a bitcoin-powered Ponzi scheme, reported local news source Focus Taiwan on January 18, 2019. Multiple Ban...

Venezuela: First Bitcoin ATM Incoming amid Failing Economy and Sullen Petro

In a country that many believe proves how fiat currencies can destroy an entire country’s infrastructure and economy, the first Bitcoin ATM in Venezuela will finally be installed, about two weeks from January 20, 2019. A Never-Ending Economic Crisis...

Market Update and XRP Price Analysis: January 21, 2019

Total crypto market cap lost $3 billion of its value since January 19, 2019, and fell to $119. Bitcoin declined to $3,590 while Ethereum dropped down to $116. The much-anticipated Ethereum hard fork has been postponed until late February of this year...

Go-Jek Buys Coins.Ph in Philippines Power Move

Go-Jek, a fast-growing Indonesian ride-hailing startup, made a significant investment on January 18, 2019, in Coins.Ph, which began as a crypto exchange service but has since diversified to a mobile wallet service offering various features for its fi...

Sirin Labs Makes History with First Blockchain Smartphone Store

Sirin Labs has been focused on developing a blockchain smartphone in an attempt to corner the market for cryptocurrency enthusiasts and investors. On January 15, 2019, the company has opened its first retail store in London. Adjusting To Market: From...

An Introduction to TRON Smart Contract Development

When it comes to blockchain development, the community has bifurcated into assorted categories in terms of philosophy, preference, and tools. Among the various choices that companies have offered for developing and launching exclusive projects that c...

Crypto Investment Firm 1confirmation Wants to Launch Second Fund

One of the earliest cryptocurrency venture capital firms in the world, 1confirmation, is looking to raise as much as $60 million for a new fund, according to a report by The Wall Street Journal published on January 17, 2019. Heavy Hitters back Long-S...

ShapeShift Uncovers its Secret on How to Stay Compliant

Cryptocurrency is still an emerging industry and regulation is still trying to keep up. While there are few assertive regulatory frameworks in the world, crypto-related companies are often requested to provide information to law enforcement agencies....

Thanks to BitWage, Companies Can now Pay Their Workers and Taxes in Bitcoin

On January 16, 2019, BitWage announced their partnership with Simply Efficient HR, a Texas-based payroll and human resources company to enable the payment of W2 employee and payroll taxes in bitcoin or ether. This service will be available in all U.S...

Rocke Group’s Monero Mining Malware now More Powerful than Cloud Security Software

According to a January 17, 2019, press release from Palo Alto Networks’ Unit 42, a threat intelligence team, a Linux mining malware developed by Rocke group has advanced to uninstall cloud security products from Alibaba Cloud and Tencent Cloud to ill...