Month: December 2020

Bitcoin Demand to Reach $600 Billion — JPMorgan Chase

Bitcoin Demand to Reach $600 Billion — JPMorgan Chase

JPMorgan Chase investment bank has predicted Bitcoin demand will reach $600 billion in the future. The research note drafted by strategists, including Nikolaos Panigirtzoglou, mentioned in a research note that the recent Bitcoin adoption by mutual life insurance company MassMutual indicates the potential for additional institutional demand. JPMorgan Chase outlined that if family offices, insurance companies, […]

Jokowi Offers Elon Musk to Use Indonesia as SpaceX Launch Site

Jokowi Offers Elon Musk to Use Indonesia as SpaceX Launch Site

Indonesian president Joko Widodo is offering billionaire Elon Musk to use the country’s planned rocket launch site for his SpaceX venture. The president had a telephone conversation with Mr Musk on Dec 11 to discuss a possible partnership with Tesla. During the conversation, Joko Widodo has invited Elon Musk to consider Indonesian launch site in […]

Nexus Mutual CEO Hugh Karp Gets Hacked for $8M

Nexus Mutual CEO Hugh Karp Gets Hacked for $8M

Cybercriminal stole $8 million from the wallet of Hugh Karp, the founder and CEO of Nexus Mutual platform on Monday morning. The hacker’s profit amounts to 370,000 NXM, worth $8.2 million. The attacker installed a MetaMask compromised version that tricked Karp to sign a transaction that redirected all his NXM tokens to hacker’s wallet. According […]

Thailand Uses Blockchain to Improve Tax Collection

Thailand Uses Blockchain to Improve Tax Collection

The Thailand government is turning to blockchain technology to improve its tax collection, according to a top tax official. Thailand’s economy, like every other country globally, has been adversely affected by the global pandemic. However, instead of raising the taxes, the Thai government has focused on streamlining its revenue collection. Blockchain technology has emerged as […]

Russian Officials Must Disclose Their Crypto Assets

Russian Officials Must Disclose Their Crypto Assets

Russian authorities have forced government officials to disclose their crypto holdings by June 2021. The disclosure process starts on January 1, 2021, the decree reads. Declarations must include information about cryptocurrency and tokens belonging to officials as well as their spouses and minor children. Officially released on Thursday, the low requires Russian officials to disclose […]

German Bank Issues First-Ever Euro Stablecoin

German Bank Issues First-Ever Euro Stablecoin

German Bankhaus von der Heydt (BVDH), one of the oldest banks in Europe, has teamed up with blockchain technology provider Bitbond to issue the first-ever Euro stablecoin (EURB). The Euro stablecoin is the first stablecoin launched directly by a bank on the Stellar Network in the European crypto market. The stablecoin is now available for […]

South Korean Police Investigating Tesla Model X Fatal Crash

South Korean Police Investigating Tesla Model X Fatal Crash

South Korean police are examining a Tesla Model X self-driving car after the car crashed into a wall killing a passenger. South Korea’s forensic agency will investigate the car to identify the cause of the accident, police said. The vehicle smashed into the wall and caught fire in the parking lot of a Seoul apartment […]

Joe Biden Administration Will Be Supportive of Crypto

Joe Biden Administration Will Be Supportive of Crypto

The CEO of the digital currency company Circle, Jeremy Allaire, believes that the incoming Biden administration will support cryptocurrencies. “Joe Biden’s administration plan to focus on making the country more competitive by bringing in infrastructure changes. So, they (the upcoming administration) would support cryptocurrencies because digital currencies are core building blocks in those changes,” Allaire […]

Bitcoin Launderer Alexander Vinnik Sentenced to Five Years in Prison

Bitcoin Launderer Alexander Vinnik Sentenced to Five Years in Prison

Years after his arrest, Bitcoin launderer Alexander Vinnik has been sentenced to five years in prison by a French court. Vinnik, 41,  has been sentenced to five years in prison for “money laundering as part of an organized criminal group and providing false information about the origin of the proceeds” in addition to a fine […]

10 Young Crypto Leaders Are in New Forbes’ 30 Under 30 List

10 Young Crypto Leaders Are in New Forbes’ 30 Under 30 List

Forbes new list of up-and-coming entrepreneurs aged below 30 features 10 representatives from the crypto and blockchain sectors. Ten of entrepreneurs aged below 30 included in this year’s Forbes’ 30 Under 30 list are involved in blockchain and cryptocurrency sphere. This highlight is increasing acceptance of the industry from the mainstream media. The list includes […]