Actor Steven Seagal Endorses Questionable ‘Bitcoiin’ ICO

Actor Steven Seagal Endorses Questionable ‘Bitcoiin’ ICO Action film star Steven Seagal has become the brand ambassador for a controversial cryptocurrency ahead of an initial coin offering (ICO). A statement posted to Seagal’s Twitter account confirmed the news, the announcement for which was posted to the official website of “Bitcoiin.” Seagal’s endorsement – one of a number…

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Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings

Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings Nigerians are trading close to $4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart regulations, “allowing innovation to move forward”. Regulators need…

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Lithuania’s Central Bank Probes 100 Million Euro ICO

Lithuania’s Central Bank Probes 100 Million Euro ICO Lithuana’s central bank has become the latest financial institution of its kind of release new guidance for those seeking to organize an initial coin offering (ICO) in the country. The four-page position note features two sections: one that largely reiterates a 2014 statement effectively banning banks and financial institutions…

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Empowering the World Through Blockchain

Empowering the World Through Blockchain 2017 was a banner year for blockchain, with ICOs (initial coin offerings) bringing in some $3.4 billion USD in investments. So far, the majority of the big winners have been in the financial technology space – with good reason.   After all, it’s easy to see the potential for blockchain…

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Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold

Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions was largely contributed by the newcomer exchange backed…

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Lenovo Explores Blockchain For Document Validation With US Patent

Lenovo Explores Blockchain For Document Validation With US Patent Chinese multinational PC company Lenovo has filed a patent with the U.S. Patent and Trademark Office (USPTO) for a system to “verify integrity of physical documents,” using a “security Blockchain.” The patent application was submitted in August 2016, but was published late last week on Feb. 15. The use…

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Crypto ‘Scams’ Have Affected Over 1.2k Australian Investors In 2017

Crypto ‘Scams’ Have Affected Over 1.2k Australian Investors In 2017 Cryptocurrency “scams” generated over 1200 complaints to Australia’s consumer watchdog in 2017, according to new figures it released this month. Local news media outlet ABC reports data it obtained from the Australian Competition & Consumer Commission (ACCC) reveals 1289 complaints, some of which appear to relate to…

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How to Implement Smart Contracts in Your Business?

Bridging Blockchain Technology and Enterprises The talks around blockchain and its potential seem to be never-ending. Reputable business resources keep on emphasizing the role of smart contracts and the benefits they bring to FinTech, logistics, banking, and other industries. Hence, there’s no wonder that deal-makers who check out smart contracts examples start dreaming of applying…

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