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50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for Blockchain

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According to Chinese state media, the Shanghai and Shenzhen stock exchanges have carried out investigations into 30 percent of companies listed on their exchanges that are performing operations pertaining to distributed ledger technology (DLT). Of the companies investigated, less than half were able to demonstrate applications for blockchain technology. Also Read: Chatter Report: Vitalik Doesn’t Believe … Read more

Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’

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The top 50 cryptocurrency and blockchain-related companies in Switzerland’s version of Silicon Valley are now worth $44 billion combined, underscoring the steady growth of the Swiss crypto industry. Altogether, cryptocurrency firms employ about 3,000 people throughout the small country. Included among the top 50 are five “unicorns,” or startups with a market valuation of more … Read more

EF Hutton Initiates Coverage of Cryptocurrencies – BCH Gets 5-Star Rating

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American stock brokerage firm EF Hutton is initiating coverage of seven cryptocurrencies, each given a rating of one to five stars. New.Bitcoin.com talked to CEO Christopher Daniels who shared his firm’s methodology used to analyze the cryptocurrencies and how they are rated. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals EF Hutton … Read more

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

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Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities. Also read: China Releases Ranking of 31 Crypto Projects Securities Watchdog Asks Companies to Obey … Read more

The Daily: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens

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In today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and Canada. Also … Read more

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

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In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018. … Read more

Russia Now Has a Registry of Whitelisted Crypto Companies

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The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Whitelist of Crypto Firms The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a … Read more

Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”

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In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report … Read more

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

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The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the … Read more

Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

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Major corporations in South Korea are increasingly establishing cryptocurrency subsidiaries and launching initial coin offerings outside of the country due to prohibitive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Regulations Driving Away Businesses An increasing number of corporations in … Read more