Bitcoin & Cryptocurrency

Malaysia to Form Task Force for Blockchain Tech Exploration

Malaysia to Form Task Force for Blockchain Tech Exploration

In a recent forum held in Kuala Lumpur, Malaysia’s Minister of Science, Technology and Innovation (MOSTI) Datuk Seri Panglima Wilfred Madius Tangau announced that the country will be creating a National Task Force which will explore the opportunities offered by blockchain technology. The plan was mentioned in the minister’s speech which was read by MOSTI deputy secretary-general Prof. Madya Dr Ramzah Dambul. It was also revealed that the task force will be composed of government agencies and several organizations from the private sector.    According to MOSTI, Malaysia is on its way to adopting blockchain tech in line with emerging […]

Chrome May Stop Cryptocurrency Miners Via Special Permission

Chrome May Stop Cryptocurrency Miners Via Special Permission

Chrome engineers are planning to use a special browser permission to stop in-browser cryptocurrency miners. Chrome engineer Ojan Vafai suggested implementing a “battery saver mode” where tasks are aggressively throttled. A tab in battery saver mode which is put in the background will have its tasks stopped completely. It was also revealed that the engineers have shelved the idea of blocking the miner’s Javascript code at browser level by using a blacklist, calling it impractical.   Until Chrome engineers can agree on a final solution to the issue, users are advised to use miner blocking extensions like AntiMiner, minerBlock, or […]

BSP Releases New Cryptocurrency Guidelines

BSP Releases New Cryptocurrency Guidelines

Said to be the first of its kind in the region, a circular by the Bangko Sentral ng Pilipinas on cryptocurrency has recently been discussed in the news, particularly because of the rapid surge in Bitcoin prices in the past week. According to BSP deputy director Melchor Plabasan, millions in cryptocurrency are being traded in the country each day, and the guidelines seek to balance the interests of harnessing innovation with managing risks. He added that virtual currencies can easily be used for money laundering which cannot be countered by anti-money laundering laws and KYC practices. Meanwhile, Satoshi Citadel Industries […]

Russia Plans to Issue Its Own Cryptocurrency

Russia Plans to Issue Its Own Cryptocurrency

In the wake of the country’s hard stance on cryptocurrency, a report by CoinTelegraph revealed that Russia may soon issue its own digital currency to be called the “CryptoRuble”. According to scarce details gathered from Russian news agencies, the currency will be blockchain-based. However, it cannot be mined and can only be issued by by the government, and will be tracked like any ordinary currency. Some say that this practically defeats the purpose of this kind of currency, which is traded primarily because it is unhindered by government regulation.   It was said that the Russian government’s minister of communications, […]

IBM to Speed Up Cross-Border Payments Using Blockchain

IBM to Speed Up Cross-Border Payments Using Blockchain

IBM recently announced a partnership with blockchain startup Stellar, and payment company Kickex, on a system which uses blockchain technology to increase the efficiency of cross-border payments. Blockchain, the technology underpinning cryptocurrency, will be used to reduce the time and costs associated with global payments, according to IBM. At present, it takes days to weeks to complete international transactions, and while services like TransferWise already exists, it only remains accessible to small businesses and savvy consumers. IBM adds that the blockchain solution would also lessen errors while allowing banks heightened transparency and flexibility. The system is already being used in […]

New Cryptocurrency to “Tokenize” Influencer Market

Influencer platform IndaHash will soon roll out a cryptocurrency which can be used to pay social media movers instead of cash. With around 300,000 users around the world, the company’s co-founder Barbara Soltysinska said that they want to create a revolution by “tokenizing” the influencer marketing world. She added that the use of digital currency will solve a wide range of issues influencers, brands, and fan bases face, such as 30 to 60 day payment terms. IndaHash is set to launch the IndaHash Coin this week, and will be running a pre-ICO for a week starting on November 8. Source: […]

Bitcoin Hits Record High Once More at $5865

Bitcoin Hits Record High Once More at $5865

Popular cryptocurrency Bitcoin soared to a high of $5,856 last Thursday before settling at around $5600. It has now made an additional climb of approximately $1000 from the start of the week, and a fivefold increase from the start of the year. The 480% rise throughout 2017 emboldened investors despite warnings from analysts on the market’s impending collapse. Head of APAC Business Development for Gatecoin Thomas Gluckman said that they expected Bitcoin to hit $5000, and expect it to cross $6000 by year’s end. Along with Bitcoin, other cryptocurrencies maintained strong performances, indicating that the market may have recovered from […]

Hundreds of Websites Now Use Visitor’s PC to Mine Cryptocurrency

Hundreds of Websites Now Use Visitor’s PC to Mine Cryptocurrency

A recent report from adblock company AdGuard says that around a hundred websites now use their visitor’s CPU to mine cryptocurrency, similar to what The Pirate Bay did around a month ago. The report estimates that the domains were able to make around $43,000 within 3 weeks using popular scripts like CoinHive or JSECoin. Most of these domains however, are considered to be “shady” websites that host porn or pirated content. Such websites have difficulty earning from advertising, which is why they find mining to be a better option. However, they rarely let their users know that their computer is […]

Coinbase Users Can Now Purchase Cryptocurrency Instantly

Coinbase Users Can Now Purchase Cryptocurrency Instantly

Virtual currency exchange Coinbase recently announced that its users can now purchase cryptocurrency without waiting time, and fund it using a US bank account. Prior to this, users had to wait 3-5 days for purchases to complete, to the frustration of users due to the volatility of cryptocurrency, especially Bitcoin. Only credit card users were able to buy instantly, but at a 4% fee. Coinbase Head of Product Zach Abrams says that the company’s fraud prevention systems determine which customers get access to this feature. Customers with sufficient balance and a good purchase history will be able to do instant […]

Russia Agrees to Regulation of Crypto-currency

Russia Agrees to Regulation of Crypto-currency

Right after statements from the Russian Central Bank which threatened to ban cryptocurrency in the country, Finance Minister Anton Siluanov now says authorities have agreed to its regulation. Siluanov, who was present last Tuesday in a meeting where Putin highlighted the risks of cryptocurrency, said that the agreement dictates that the state shall regulate the issuing, mining, and turnover of virtual currencies. Alexei Moiseev, Siluanov’s deputy, also added that Moscow would want to collect taxes from cryptocurrency miners. Source: Reuters