TokenPost reporter
Melvin Alfred Wong
Stories by Melvin Alfred Wong
- Forbes includes blockchain analytics firm Chainalysis in its 'Next Billion-Dollar Startups' list
A lot of companies become successful in ways that they did not set out to be and the most recent example of that is Chainalysis. What started out as a research firm that gained fame after retrieving stolen bitcoins fr…
· Business
- UK watchdog hiring ‘Crypto Intelligence Associate’ to address concerns
While the UK has become one of the biggest markets for cryptocurrency, regulators continue to keep a close watch on this nascent industry in order to protect investors and fight potential illicit activities.
· Regulation
- India to reportedly ban cryptocurrency, Tim Draper flips out
India has never been the friendliest place towards cryptocurrency but a draft bill that was recently leaked online appears to suggest that its dislike for the industry goes deeper than most thought. The draft seems to…
· People
- India crypto massacre claims another victim
The hostility that India’s government views cryptocurrency with has claimed yet another exchange. This time, it is Cryptokart and as was the case in other closures, the reason is the country’s central bank. More speci…
· Business
- Binance to reportedly launch South Korean branch
A number of reports have been floating in the media suggesting that Binance, the world's largest cryptocurrency exchange in terms of 24-hour trading volume, is looking to enter the South Korean market.
· Business
- New German alliance seeks to automate 75M logistics processes using blockchain
In a recent move that could double down on the effectiveness of blockchain as a means of conducting logistics processes, German companies are banding together for a new initiative.
· Technology
- Second Canadian town to start accepting bitcoin for property tax payments
A municipality in Canada has agreed to allow for payments of property taxes via bitcoin through the use of Coinberry’s services. This basically allows owners of properties in the City of Richmond Hill to pay for said …
· Investing
- Bitcoin Suisse applies for Swiss banking and securities dealer licenses
Bitcoin Suisse, a notable crypto broker in Switzerland and a member of the Crypto Valley Association, has announced that it has applied for banking and securities dealer licenses from the country's financial regulator.
· Business
- World Economic Forum releases blockchain benefits guide
Blockchain is still largely misunderstood throughout the world and so the World Economic Forum (WEF) released a paper that is meant to be a guide for understanding the benefits of the technology.
· Insights & Views
- 70% of Asia-Pacific companies lack blockchain knowledge: EY poll
It is one thing to say that the general population would not know what blockchain is and another to discover that a vast majority of corporations in a region are the same. Yet, this is what a recent poll established, …
· Insights & Views
- Nestle, McDonald’s and Virgin Media join JICWEBS' blockchain pilot program
Major food and media giants have joined a blockchain pilot program that aims to enhance trust and transparency in digital advertising.
· Technology
- CargoSmart secures cooperation of Maritime Industry Operators
In its bid to revolutionize the shipping industry, tech firm CargoSmart managed to secure new members to its lineup of cargo operators in the form of the maritime industry operators. These include “CMA CGM, COSCO SHIP…
· Business
- Securities fraud lands Bitfunder operator in prison for 14 months
Jon Montroll, the CEO of Bitfunder pleaded guilty to charges including securities fraud and obstruction of justice. As a result, he will be spending 14 months behind bars in a recent ruling by Judge Richard M. Berman …
· Regulation
- Crypto prediction platform Veil shuts down not one year after launch
Veil is the crypto prediction and derivatives platform that launched back in January. Not even a year later, it is already shutting down. Its services will be suspended on July 24 and it will no longer be possible to …
· Business
- Crypto derivatives offer for US investors pending approval
More Bitcoin derivatives, as well as that of other crypto coins, might soon become available if the efforts by trueDigital Holdings pulls through. As a digital assets management firm, what it wants to accomplish is ga…
· Investing
- Congress attending blockchain education day, Libra grilling to begin soon
With blockchain being a relatively new technology, many of its aspects are still confusing even to government leaders. This is why the US Chamber of Digital Commerce is holding an education day where members of the Ho…
· Regulation
- Blockchain makes Brazilian government contract bids more transparent
A state in Brazil is making use of Blockchain in order to facilitate government contract bids in a more transparent and open manner. This will do so by tracking the details of the bid, which will then allow regulators…
· Regulation
- Japan puts Libra under a microscope in preparation for G7
At this point, it has been well-established that Japan and many other countries view Facebook Libra with extreme mistrust. This is why, ahead of the G7 summit, Japan will be placing the crypto offer under a microscope…
· Regulation
- Crypto skeptic Mark Cuban declares Facebook Libra a ‘big mistake’
Mark Cuban is the billionaire mogul who has made it abundantly clear that he sees cryptocurrency as nothing more than a scam. In a recent round of tirade against the industry, he directed his ire at Facebook Libra. He…
· Insights & Views
- Australia gets crypto-friendlier, major grocery chain accepts bitcoin payments
More and more retailers are now accepting payments via bitcoin, and Australia just added another one on the list with the Independent Grocers of Australia (IGA) joining in. Composed of several supermarkets in the coun…
· Regulation
- China dominates token field in H1 2019, $1.18B raised
With tokenization being relatively new, it would seem that China is already far ahead of everyone else in the game. Firms that dipped their fingers into the turning and offering of digital assets, and came away with t…
· Business
- US enemies study blockchain for circumventing sanctions, report claims
A new report just came out to claim that countries like Russia and Iran are now looking to blockchain to figure out ways in which they can circumvent the sanctions imposed by the US. This could have huge implications …
· Regulation
- Blockchain Promotion Act approved by US Senate, defining blockchain
Even though blockchain is roughly considered a decentralized ledger technology, the US Senate wants a clearer definition of the network as far as its uses are concerned. To that end, it recently approved of the Blockc…
· Regulation
- New license earns crypto firm Prasos inroads in 28 countries
A new license that was granted to the crypto firm Prasos by the EU now gives the broker to additional leeway in 28 countries. Called the Payment Institution License (PIL), it is a symbol of how much trust is now being…
· Regulation
- US Federal Reserve chairman thinks bitcoin is like gold, Trump disagrees
Bitcoin and cryptocurrency, in general, have been compared to a lot of things and gold is now one of them. This is courtesy of Jerome Powell, the chairman of the US Federal Reserve when he said that the crypto coin is…
· Regulation
- US Election Commission to approve Congressional candidate's Ethereum token giveaway plans
A candidate running for Congress is trying to give his campaign workers incentives via Ethereum tokens. Recently, the Federal Election Commission (FEC) published a draft advisory opinion expressing the intent to appro…
· Regulation
- HSBC reduces transaction time by 12 Days using Voltron blockchain platform
HSBC is really stepping up its blockchain game with the major banking entity reducing the time it takes to process transactions with its blockchain platform, Voltron. Simply put, the decentralized ledger network manag…
· Business
- Turkey considers developing central bank digital currency
Following China’s lead, Turkey is now considering the idea of putting cryptocurrency under the direct supervision of its central bank. This news comes in conjunction with the Eleventh Development Plan that was submitt…
· Regulation
- Cadence's blockchain-powered debt marketplace goes live
Loans can be lifesavers when given the right circumstances, but there is a case to be made about transparency on the issue. This is where the service by Cadence comes in since it involves the use of blockchain for the…
· Technology
- $3.5M raised by Sia Network for better blockchain storage, streaming, and hosting
Blockchain has been argued to be useful in practically any field and a recent fundraising event involving Sia Network proves that it also has a place in streaming.
· Business
- India-based YES Bank issues CPs for Vedanta using R3's Corda blockchain platform
When it comes to the possible usage of blockchain, the issuance of corporate debt through bank transactions is just one of the more promising fields.
· Technology
- Savage crypto debate tapes finally released, BitMEX criticized for theatricality
Several days ago, it was reported that famous crypto critic Nouriel Roubini challenged BitMEX CEO Arthur Hayes to release the tapes of their debate earlier this month. The discussions were so heated, in fact, that it …
· Insights & Views
- First movie tokenization announced for Atari founder biopic
In historic news with regards to movies, tokenization, and fundraising, a new partnership has been announced this week that aims to tokenize the first-ever motion picture, “Atari: Fistful of Quarters.”
· Business
- Crypto custodian startup Anchorage raises $40M in Series B led by Visa, Blockchain Capital
Visa is trying to get ahead of the curve with regards to blockchain and cryptocurrency with its support of Anchorage, a cryptocurrency custodian startup that aims to advance institutional participation in digital asse…
· Business
- Goldman Sachs posted new job listing for its reported crypto project
Reports of major US financial institution Goldman Sachs working on a secret project involving crypto coins have been around for a while. These would appear to have received further validation thanks to the new job pos…
· Business
- Crypto Briefing unveils new crypto evaluation product 'SIMETRI Research'
Crypto news portal Crypto Briefing on Tuesday unveiled a new digital asset evaluation product, called SIMETRI Research.
· Business
- Blockchain healthcare startup teams up with Uber Health for patient transport
A recent partnership between global cab-hailing firm Uber and blockchain-based healthcare startup Solve.Care was announced that involves the transportation of patients to health facilities.
· Technology
- Crypto exchange CEX.IO receives Gibraltar DLT license
Following successfully acquiring its Money Transmitter Licenses (MTLs) in the U.S., CEX.IO is giving traders even more good news that it is now allowed to operate in Gibraltar. This is after it had to satisfy several …
· Business
- U.S.-based Provident Bank taps Bitfury's blockchain solution for digital asset compliance
In a recent announcement, it was revealed that blockchain startup Bitfury was teaming up with The Provident Bank in order to provide better services based on the decentralized ledger technology.
· Business
- Kakao makes shocking mining claim, 15x faster than Ethereum
Kakao just made a huge announcement with regards to its blockchain arm, Ground X. The South Korean tech giant has claimed that its mining capabilities are 15 times faster than what Ethereum is capable of. As such, it …
· Technology