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Author: Inside Bitcoins

China’s Guangzhou District Bans Public Cryptocurrency Promotional Events

China’s Guangzhou Development District, one of the first economic development zones in the country, has banned cryptocurrency promotional and publicity activities in the area. This comes on the heels of a similar notice issued in the Chaoyang District in Beijing. Details of the Ban The notice, as reported by the National Business Daily and South […]

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NEO’s Answer to Amazon mTurk—EffectForce Beta Reopens

A new dApp on NEO is bringing microwork to the blockchain. The platform is called EffectForce, and it pays users to perform tasks involving image classification, transcription, facial recognition, and survey responses. Yesterday’s video update announced a reopened private beta and upcoming video coverage by two crypto news channels and shows. This suggests that the […]

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Australia Builds Smart Contract-Powered Legal Platform for Businesses Nationwide

The Australian National Blockchain (ANB) is a platform designed to help Australian companies exchange data and confirm the authenticity and status of legal contracts through a blockchain-based smart legal contract platform. According to the press release, the platform will be built by a consortium that consists of CSIRO’s Data61, law firm Herbert Smith Freehills, and […]

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XRP Price Technical Analysis: XRP Gains After Brad Garlinghouse Q3 Upbeat Expectations

Even as XRP proponents insist that the coin is fully decentralized and a utility, XRP is technically in a down trend aside recent recovery. Fundamentally, we expect a recovery in sync with Brad Garlinghouse comments that institutional money will be funneled to XRP this quarter and our optimism seems to be high now that prices […]

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Busted: Indian Police Raids CoinX Trading Office, Unearth $1.43 Million MLM Scam

Yet another cryptocurrency-based Ponzi MLM scheme surfaced on August 25, 2018, as the police caught five fraudsters in the city of Hyderabad, India. While raiding a local real estate firm, GRM Estates Pvt. Ltd, cops caught imposters, including the brain behind the fraud company CoinX Trading, Gardas Ramesh. The company duped innocent investors by promising […]

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Pure Diamond Farm Singapore to hold ICO to Fund Its Diamond Business with Blockchain Technology

Singapore, 15th August 2018 – Pure Diamond Farm Singapore will be holding Initial Coin Offering (ICO) by end of the year to fund its made-in-Japan laboratory-grown diamond business using blockchain technology. Pure Diamond Farm team have succeeded in generating lab-grown diamonds led by Pure Diamond Lab Co. Ltd., a production and Research & Development firm […]

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Shrimpy Digital Asset Portfolio Management Platform Introduces Rebalancing to Coinbase Pro

The American cryptocurrency exchange, Coinbase has allied with Shrimpy, a digital asset rebalancing platform, to help institutional investors and other users and other seamlessly rebalance their cryptoassets portfolios, according to a Medium blog post on August 24, 2018. Coinbase-Shrimpy Cryptoassets Rebalancing Rebalancing is the process of periodically buying and selling the digital assets in a […]

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Head of Russian Anti-Drug Unit Proposes Compulsory Reporting for Cryptocurrency Transactions Above $9,000

According to Crowdfund Insider, Andrey Khrapov, the head of Russia’s Directorate for Drug Trafficking, has proposed a new law that mandates the compulsory reporting of cryptocurrency transactions that exceed 600,000 rubles ($9,000). Khrapov also wants such transactions to be registered and monitored by the appropriate financial regulatory bodies. Local news media outlet Izvestia reports that […]

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University College Oxford to Launch Blockchain Research Facility

University College Oxford is set to become the latest collegiate institution to establish a center for blockchain technology research. The school, which is touted as being the oldest College of Oxford University, wishes to be at the forefront of distributed ledger technology innovation. Bringing Blockchain to the Mainstream According to a press release published on […]

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Elon Musk’s Twitter Account Attacked, Hacker Promises Free Cryptocurrency

An impersonator hijacked Elon Musk’s official Twitter account on August 23, 2018, promising free bitcoin and ether to his 22.5 million followers. Tesla to Introduce BTC/ETH Payments (Not Really)   Tesla Chairman and CEO Elon Musk’s official Twitter account was hacked on Thursday by a fake account. The lookalike account seemed to be verified and […]

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