South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore

Bithumb, South Korea’s leading cryptocurrency exchange, has recently revealed plans to issue its own token, Bithumb Coin, in an Initial Coin Offering (ICO), local news outlet TokenPost reports Thursday, April 19. According to the report, the Bithumb token sale will be conducted in Singapore since ICOs are banned in South Korea. Bithumb is reportedly focusing…

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Europe Introduces Customer Verification on Cryptocurrency Exchanges

The European Parliament has voted in favour of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification. The platforms will have to apply for registration in order to offer their services. The new measures come with the latest update of the…

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Cryptocurrency Market Surges to $365 Billion, Start of a Bull Rally?

Throughout this week, as CCN reported, the cryptocurrency market has been eyeing a move towards the $350 billion region. Earlier today, on April 20, strong performances of major cryptocurrencies like bitcoin and Ethereum have led the valuation of the cryptocurrency market to surge to $365 billion. Altcoin Season is Back Throughout 2018, amidst extreme volatility…

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South Korea Dismantles $24 Million Bitcoin Pyramid Scheme

A South Korean court has fined two individuals found guilty of operating a bitcoin pyramid scheme that amassed over 26 billion won, approx. $24 million, from investors. In a ruling on April 19, Judge Hwang Jin-jin of the Incheon District Court in Korea issued sentences in fines of $15 million and $8 million for two…

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NASA Could Use Smart Contracts to Automate Deep Space Probes

NASA has announced a new funded research project, called the Resilient Networking and Computing Paradigm. The $330,000 grant will allow a team of researchers, headed by Dr. Jin Wei Kocsis, Assistant Professor of Electrical and Computer Engineering at the University of Akron, to try to develop an automated system for spacecrafts. The technology will use the…

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