Category: Corruption

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Another Chinese Lender Bailed Out After Bank Run

Another Chinese Lender Bailed Out After Bank RunYichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in trouble […]

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PR: Titanic Explorer Joins PO8 – a Bahamian Company Using Blockchain to Recover Underwater Artifacts

Titanic Explorer Joins PO8 - a Bahamian Company Using Blockchain to Recover Underwater ArtifactsFreeport, Grand Bahama – David Gallo, one of the most respected Oceanographers in the world has joined PO8, a marine archaeology start-up company in The Bahamas utilizing blockchain technology to unearth billions-worth of sunken artifacts and treasures from Bahamian waters dating back to the Spanish Galleon treasure ships of the Spanish Empire.

With the use of blockchain, PO8 will bring full transparency to all stakeholders including the government of The Commonwealth of The Bahamas, which for the last 18 years has held a moratorium over its territorial waters preventing underwater expeditions due to years of looting, corruption and lack of oversight.

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Bitlicense Should be Smashed, Candidate for New York Governor Urges

Bitlicense Should be Smashed, Candidate for New York Governor UrgesSince the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be much harder in practice than in theory to oust a law once it’s put into effect. The good news is groups like Startup Cities are on the case. They’ve snagged a candidate for governor to […]

The post Bitlicense Should be Smashed, Candidate for New York Governor Urges appeared first on Bitcoin News.

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If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators

If You Can’t Beat Them, Join Them - Bitcoin Is Hiring RegulatorsWhile everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom […]

The post If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators appeared first on Bitcoin News.

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Coinsecure India Down After $3 Million in Bitcoin Missing

Coinsecure India Down After $3 Million in Bitcoin MissingIn what appears to be an attempt to test their ability to distribute Bitcoin Gold (BTG), a Coinsecure weakness was apparently exposed, and over 3 million dollars worth of bitcoin were stolen as a result. The large crypto exchange based in India filed a First Information Report (FIR) with police, alleging their own Chief Scientific […]

The post Coinsecure India Down After $3 Million in Bitcoin Missing appeared first on Bitcoin News.

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