Author: Daniel Dob

State Bank of Vietnam Moves to Ban Digital Currency Use

Without any prior warning, it appears the State Bank of Vietnam has recently submitted a legislative proposal to the country’s government meant to ban a wide range of digital currency-related activities. Expensive Fines to be given Recent reports indicate that starting January 1, the supply, issuance, and use of Bitcoin and other digital currencies as a method of payment will be subject to fines ranging from 150 million to 200 million dong, which is …
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Reserve Bank of Australia Issues Statement on Cryptocurrencies and ICOs

In the last couple of months, numerous banks and governments have issued warnings about digital currency use and the associated risks. The Reserve Bank of Australia (RBA) is the latest to do so, having stated that it doesn’t expect digital currencies to see mass adoption anytime soon. RBA Head of Payments addresses House of Representatives In a speech to the House of Representatives Standing Committee on Tax and Revenue, the RBA’s Head of Payments, Tony Richards, …
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Company Adds Blockchain to Its Name, Share Price Skyrockets

The blockchain technology trend is currently exploding, with hundreds of companies actively researching and offering the tech to the public. Given blockchain’s virtually limitless potential, it now seems that simply using the word can lead to success. Bloomberg recently reported that a UK-based company focusing on information business and internet tech investing has had one of its best days so far after announcing that it would change its name from On-line …
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What Are Private Blockchains and What Purposes Do They Serve?

These days, the market is filled with both public and private blockchains, yet due to their similarities, many people tend to confuse the two. In this article, we will attempt to eliminate the confusion surrounding private blockchains and their purposes.  The Similarities Both public and private blockchain networks are decentralized and distributed P2P ledgers that safely record and store information through transactions. Additionally, both provide immutability guarantees and are kept in sync …
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