Onecoin Website Goes Offline When Net Closes On $ 4B Ponzi Scheme

OneCoin ‘s cryptocurrency Ponzi scheme website has finally stopped operating, months after one of its founders was charged with fraud by the U.S. authorities. CoinTelegraph stated in news release, on December 1 MLM scam monitoring resource BehindMLM.com reported that OneCoin.eu did not return a live result as of 30 November. Investigation on OneCoin.eu 24 hours before the investigation, it was revealed that the DNS OneCoin entry for their website was redirected to “server holders”. A representative of EurID, the domain registry, confirmed to the publication at the time of the investigation.…

Read More

SOFTBANK: Launches Debit Cards With Built-In Blockchain Wallet

A new debit card with an integrated cryptocurrency wallet has been introduced by the Japanese holding company SoftBank. SoftBank has developed a debit card with a built-in blockchain wallet. In collaboration with US-based wallet card developer Dynamics, according to a press release on Dec. 1. The new product is called SBC Wallet Cards and can be used as a traditional wallet or debit card. Crypto processing and extra expansion The integrated blockchain wallet can be used by customers as both cold and hot digital currency storage. And in real-time verifying…

Read More

SARB Set New Regulations For Cryptocurrency.

The South African Reserve Bank (Sarb) is set to start new regulations for cryptocurrency use as of 2020. On December 2, as local business-focused publication Business Report SARB reportedly plans to implement new rules on the use of cryptography in an effort to prevent cryptocurrency being used to avoid currency control. New rules will be in place in 2020 SARB Deputy Governor Kuben Naidoo allegedly said the new laws on cryptocurrencies would be enforced in Q1 2020. The central bank will, with these regulations, limit how much local currency (rand)…

Read More

KPMG: Launches DLT Supply Chain Tool in Australia, China, and Japan

Big Four audit firm KPMG has in Australia, China, and Japan officially launched a blockchain-based track and trace platform. Dubbed KPMG Origins, the tool was designed to increase visibility and system traceability in multiple industries. For example like food, manufacturing, and financial services, the company announced on November 28. KPMG Origins officially launched in Australia, China, and Japan, the press release states, following positive pilot implementation with clients in those countries. Test participants include SunRice and Cane Growers KPMG Origin aims to improve supply chain processes. By integrating a range of emerging technologies such as blockchain…

Read More

AdaPay by Cardano and COTI is now live!

The Cardano Foundation, a company underneath the 12th largest cryptocurrency in Cardano (ADA), has launched AdaPay. It is an ADA transaction portal for merchants which went live yesterday. The solution enables traders to adopt ADA transactions with “near-instant” settlement in 35 fiat currencies. Specifically in their bank accounts, the company stated on November 27. It was develope by the Cardano Foundation and enterprise-grade fintech platform Coti. The proposals for the ADA payment gateway were first laid out on October 23. The payment platform is now eligible to be incorporate directly…

Read More

Binance: Launch the Crypto Travel Rewards Card with the TravelByBit Startup

Top cryptocurrency exchange Binance revealed in a November 28 blog post. That it was working with the TravelByBit crypto travel company to release a rewards card. It would allow crypto transactions on major travel websites. The card will function as a traditional prepaid card with access to additional discounts and rewards. That users can load with Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT), according to the announcement. The card will be released early next year. Initially targeting travelers in the Southeast Asian Nations Association, Australia, and…

Read More

Coinbase Provides Patent System To Identifies Non-Compliant Accounts

On November 28, a news portal Cointelegraph reported that a patent has been awarded to major American cryptocurrency exchange which is Coinbase. It is a system that identifies and flags non-compliant accounts. This firm previously on November 19 was joining a filling with the U.S. Patent and Trademark Office to details a system containing a scoring model. Which is “determining a compliance score for each of the accounts based on the respective factors associated with the account.” Eradicate accounts which were not compliant A non-compliant accounts identified by the system…

Read More

Blockchain: Tsunami of IR4.0 (Event host by MIMOS)

MIMOS_Blockchain_event

On 27th November 2019, MIMOS Berhad has hosted a successful event about Blockchain with sponsors from Huawei, HWD and Fireeye. The name of the event “Blockchain: Tsunami of IR4.0 ” conducted at Auditorium Tengku Azzman Shariffadeen, MIMOS Berhad, Kuala Lumpur. The event attracted many blockchain enthusiasts who were interested in exploring blockchain potential in Malaysia. The presentations were led by prominent leaders in from government sectors and also private sectors, including the National Standard Committee on Blockchain, University of Malaya, MIMOS, Cybersecurity, Shazinovation, ACCESS Malaysia, GBCI Ventures and Blocklime. In the…

Read More

Akomba Labs Successfully Made ETH Block Production Twice As Fast.

Blockchain consultancy and product development company Akomba Labs carried out a trial on the Ethereum network. And its proving that it can make block propagation at least twice as fast as possible. On November 27, Coindesk reported that, Akomba Labs partnered with BloXroute’s scalability-focused blockchain company. The purpose is to run a two-week trial testing the performance of the Ethereum network by running BloXroute’s Blockchain Distribution Network (BDN) between November 11 and 27 . As result, the firm finding that average block propagation time, the time a block needs to…

Read More

Indian Government To Launch A National Strategy For The Blockchain

The Indian government is working on a national blockchain strategy to accelerate the adoption of technology in the country. As reported by the India Times on November 27, India’s Ministry of Electronics and Information Technology (MeitY). He said it acknowledged the potential of blockchain technology. And the need to develop a shared infrastructure to perform related use cases. The Ministry added that it is working on the “Blockchain Framework of the National Level.” Sanjay Dhotre is the Minister of State for Human Resource Development, Communications and Electronics and IT. He…

Read More