Cryptocurrency

$68 Million Japanese-Based Bitcoin Ponzi Scheme Results in 8 Arrests

(Source: Blockonomi.com) The crypto-friendly nation of Japan has once again hit the news for all the wrong reasons, with reports suggesting that 8 individuals have been arrested for their involvement in a high-value Ponzi scheme. The report, which was published by Japanese main-stream news outlet Asahi Shimbun, suggests that the scam amounted to more than $68 million in Bitcoin investments.… Continue reading $68 Million Japanese-Based Bitcoin Ponzi Scheme Results in 8 Arrests

Cryptocurrency

Everything Blockchain in China

China is fully embracing blockchain technology and entrepreneurs are developing new projects to impact all industries. China is the number one country for bitcoin mining and Bitmain, the largest bitcoin miner, plans to launch their IPO soon in Hong Kong.  The country has been very proactive in investing in blockchain technology with the total government… Continue reading Everything Blockchain in China

Cryptocurrency

Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

(Source: CCN.com) Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700)… Continue reading Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

Cryptocurrency

Bitmain CEO Jihan Wu resigns from Board of Directors before IPO

Bitmain is the largest Bitcoin Mining Company and is restructuring their Board of Director before they complete their IPO. Jihan Wu, CEO of Bitmain, has recently came out and announced he will resign from the Board of Directors and lose voting powers of the company. The reasons are unclear why but many suspect it is… Continue reading Bitmain CEO Jihan Wu resigns from Board of Directors before IPO

Blockchain, Cryptocurrency, Digital Currency

Chicago Blockchain Workshop to highlight How to Raise Asian Capital

The Chicago Workshop on December 11 will focus on discussing how to raise capital for your Blockchain projects. Learn how to market and promote your blockchain project and facilitate investment capital in China and Asian countries. As Chinese and Asian investors are actively engaged in blockchain industry, many private and institutional investors are seeking to… Continue reading Chicago Blockchain Workshop to highlight How to Raise Asian Capital

Cryptocurrency

2 Chinese Educators caught mining Cryptocurrency in School

Two Chinese Principals in Hunan Province were caught illegally mining Ethereum cryptocurrency by school officials. The middle school caught the illegal action due to the high energy consumption jump, which nearly doubled from July to November. This is becoming more common as employees are now placing mining rigs in their workplace as a way to… Continue reading 2 Chinese Educators caught mining Cryptocurrency in School