• Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

Why South Korea's Gaming Giants Are Storming Into Cryptocurrencies 0

Why South Korea’s Gaming Giants Are Storming Into Cryptocurrencies

When South Korea rode the cryptocurrency wave in 2017 to become one of the world’s largest markets for Ether and Bitcoin, it was clear the craze was here to stay. The country’s leading companies and even the government threw their investments behind blockchain, the technology underlying digital tokens that promised to revolutionize everything from information distribution...

South-Korea-bitcoin-won-760x400 0

South Korea Will Focus ‘Positive Aspects’ of Cryptocurrency, Soften Policy

  South Korean regulators and officials are likely to relax their approach to regulating cryptocurrencies, starting with classifying them as ‘financial assets’. There’s a July deadline looming for G20 nations after policymakers called for recommendations for regulating cryptocurrencies, seen as ‘financial assets’ by the economic leaders from the world’s twenty largest economies. South Korea’s regulators, however, have...

IBM takes Cryptocurrency Seriously 0

IBM takes Cryptocurrency Seriously

Talking about cryptocurrencies in public has begun only in recent times. Earlier, fear engulfed while discussing Bitcoins, Ethereum, Ripple or any other cryptocurrencies. But this scenario is changing with time. From 2017, people started talking about crypto, it flourished, and big enterprises are willing to look into cryptocurrency and blockchain to have a strong stance on its usage and...

To Russia with Bitcoin: Hotels Will Accept Cryptocurrency During the World Cup 0

To Russia with Bitcoin: Hotels Will Accept Cryptocurrency During the World Cup

The world’s biggest sporting event is just a few months away and fans are flocking to online websites to book their seats in Russia. Luckily for crypto users, Kaliningrad, one of the cities hosting the matches, is now offering cryptocurrency payments for hotel rooms. Buying Business Travel Russia reported that Apartments Malina has teamed up with the...

Car Manufacturers Cash in on Cryptocurrency 0

Car Manufacturers Cash in on Cryptocurrency

The movie Back to the Future may be wrong when it said that in the future, “We don’t need roads.” Apparently, if the action of these car manufacturing giants is to be believed, we may still have roads and these roads are going to be filled with cars that give out and reward drivers with...

Russia’s Gazprombank to Test Cryptocurrency Transactions In Switzerland 0

Russia’s Gazprombank to Test Cryptocurrency Transactions In Switzerland

Gazprombank, the third-largest bank in Russia, plans to conduct cryptocurrency transactions in Switzerland later this year as part of a pilot program through its Swiss subsidiary. Aleksandr Sobol, the deputy chairman of Gazprombank, said the state-owned bank decided to try out crypto deals in response to demand from several major private clients. “This will not be...

South Koreans Will Be Able to Pay in Cryptocurrency at Over 6,000 Stores 0

South Koreans Will Be Able to Pay in Cryptocurrency at Over 6,000 Stores

Popular South Korean cryptocurrency exchange Bithumb is partnering with digital payment service provider Korea Pay Services (KPS) to pave the way for widespread digital asset adoption in the country. Both companies are working to give over 6,000 of the country’s retail outlets the option of accepting cryptocurrency payments for goods and services. South Korea has proven both...

Ford Wins Patent for Cryptocurrency-Fueled Vehicle Technology 0

Ford Wins Patent for Cryptocurrency-Fueled Vehicle Technology

Americans could soon be doing cryptocurrency transactions from their vehicles and arriving at their destinations faster. A subsidiary of Dearborn, Mich.-based Ford Motors has been granted a patent by the United States Patent and Trademark Office for a cryptocurrency-fueled technology to power its cars. It’s called the Cooperatively Managed Merge and Pass (CMMP) It was filed in 2016...

Belarus Adopts Crypto Accounting Standard-1068x1068 0

Belarus Adopts Crypto Accounting Standard

Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Goods, Investments,...

Atari Movie to Be Funded in Cryptocurrency 0

Atari Movie to Be Funded in Cryptocurrency

A movie being produced by actor Leonardo DiCaprio’s production company, Appian Way, is set to use cryptocurrency for its financing. The film will tell the story of Nolan Bushnell, the arcade game pioneer who founded Atari in 1972. Vision Tree, a media production and financing company, is set to offer “Bushnell tokens” – a cryptocurrency based on...

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