India’s Biggest Private Company Gets Paid on a Blockchain

Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, … Read more

Singapore’s National Energy Provider Launches Blockchain Marketplace for Green Energy

Singapore Blockchain

Singapore’s national electricity and gas provider has launched blockchain-powered trading of renewable energy certificates in a new marketplace. The blockchain is designed and built in-house by the company’s own team of digital energy experts to “ensure the security, integrity and traceability” of every renewable energy certificate (REC) transaction, Singapore Power (SP) said in a press … Read more

20 Percent? Japan’s Finance Minister Ponders Crypto Tax Policy Change

Taro Aso Bitcoin

Japan’s minister of finance has discussed the possibility of changing the country’s current capital gains policy which sees crypto investors face between 15 and 55 percent in taxes. Taro Aso, Japan’s minister of finance and the deputy finance minister, was in attendance at Upper House budget committee meeting on Monday when a senator posed the … Read more

South Korea Denies Rumors of 10% Tax on Cryptocurrency Trading Profits

South Korea cryptocurrency

The South Korean government’s Ministry of Strategy and Finance has refuted a recent news report that claimed authorities are preparing to levy a 10% capital gains tax on cryptocurrency profits. On June 22, domestic media outlet Chosun cited a ‘high-ranking government official’ to claim that the government was preparing to slap a flat 10 percent … Read more

Israel’s Public Stock Exchange Unveils Blockchain Securities Lending Platform

TASE Israel blockchain

The Tel Aviv Stock Exchange (TASE) has announced the development of a blockchain-powered securities lending platform that the bourse operator believes will enable direct lending among all major financial instruments in the country. Calling it ‘one of the first projects of its kind in the world’, the TASE says its new ‘Blockchain Securities Lending (BSL)’ … Read more

Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings

iran bitcoin

Citing money laundering concerns, the Central Bank of Iran (CBI) has banned the country’s banks from offering services to crypto firms or dealing in cryptocurrencies. The CBI’s supreme committee, also in charge of curbing money laundering and fighting capital flight in Iran, has issued a circular prohibiting banks and financial institutions from transactions that enable … Read more

NASA Researches Ethereum Blockchain Tech for Deep Space Exploration

A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris. In developments that could potentially have significant implications for deep space probes, NASA is putting resources behind a research project that fundamentally envisions the use of blockchain technology to … Read more

$33.5 Million: Monex is Buying Hacked Cryptocurrency Exchange Coincheck

Zaif Cryptocurrency

Major Japanese online brokerage has confirmed its foray into the cryptocurrency sector by announcing its acquisition of Tokyo-based exchange Coincheck for ¥3.6 billion ($33.5 million). In an announcement on Friday, Monex confirmed it will acquire 100% of all 1,775,267 shares at a cost of ¥3,600 million yen in a share acquisition agreement signed today. The … Read more

Crypto Exchange Binance Offers $250,000 Hacker Bounty

Binance

In the aftermath of a notable hacking attempt last week, cryptocurrency exchange Binance is now offering a $250,000 reward for details leading to the arrest of the hacker(s) behind the attack. In an announcement on Sunday, Hong Kong-based Binance said it is offering a $250,000 bounty for tips leading to the arrest of hackers involved … Read more

$250 Million Ethereum Mining Scam? Korean Prosecutors File Charges

Mining Max Korea Ethereum

Korean prosecutors have reportedly filed charges against several individuals associated with Mining Max, US-based cryptocurrency mining firm allegedly behind a major cryptocurrency mining scam. According to a report by Korean publication Yonhap, authorities at the Incheon District Prosecutors’ Office have indicted 21 individuals suspected of being associated with Mining Max LLC, a US-based firm, on charges … Read more