russian justice minister
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Cryptocurrency Is Nothing But Property In Russia Says Justice Minister

Russian Ministry of Justice says cryptocurrency legally falls under the category of ‘other property’. Alexander Konovalov also told the reporters that Russia doesn’t consider crypto coins as electronic money, at least not at such early stage. When asked about the current legal status of cryptocurrency in the country, Russian legal...
Central Bank of Norway Considers Launching Its Own Digital Currency
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Central Bank of Norway Considers Launching Its Own Digital Currency

Norges Bank, Norway’s central bank, is contemplating developing its first digital currency to supplement traditional currencies. According to the working paper prepared by the bank, digital currencies are a ‘suitable legal tender’ that can be used to supplement cash. The bank said it will continue to issue cash as long as...
Apple Co-Founder Steve Wozniak Gives Huge Endorsement To Blockchain
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Apple Co-Founder Steve Wozniak Gives Huge Endorsement To Blockchain

Steve Wozniak, Apple co-founder, again gave a statement in favor of cryptocurrency and its underpinning blockchain technology, at an event this week. Wozniak believes blockchain to have revolutionary potential. At the WeAreDevelopers World Congress in Vienna, he said that blockchain is an impactful technology that could be “the next IT...
Search Engine Bing to Ban Crypto-Related Ads Soon
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Search Engine Bing to Ban Crypto-Related Ads Soon

Microsoft’s search engine Bing has announced that it will ban ads related to cryptocurrencies by July 2018. This announcement was made on its official post, on Tuesday, May 15. According to the statement released by Bing, the reason behind this move to ban all cryptocurrency-related advertisements and crypto-related products is...
lg blockchain
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LG Launches Own Blockchain Platform ‘Monachain’

South Korean Giant LG has recently launched its own blockchain-based service, as reported by Korean news agency Yonhap. LG Corporation’s subsidiary LG CNS, responsible for supplying information technology services has launched this new service, first reported on Sunday, May 13. ‘Monachain’, the company’s own blockchain-powered platform has been designed to...
Award-winning Rapper Mims to Launch a Blockchain Company
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Award-winning Rapper Mims to Launch a Blockchain Company

Well, this could be another reason why Crypto’s so hot – Rapper Mims promoting blockchain for artists in the music industry. Mims, an award-winning rapper, has now become the latest music artist to launch a blockchain company. RecordGram, a project aimed at helping producers and musicians to connect with each...
WeChat Freezes Third-Party App Based on Blockchain Technology
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WeChat Freezes Third-Party App Based on Blockchain Technology

Social media giant WeChat has reportedly blocked a third-party blockchain app that would allow the app users to initiate contract agreements, on May 9 as reported by local Chinese news outlet Caijing. Third-party app Xiao Xieyi launched on Wednesday, was touted as a service that would allow WeChat users to...
Bloomberg and Billionaire Novogratz Team Up to Launch Crypto Price Index
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Bloomberg and Billionaire Novogratz Team Up to Launch Crypto Price Index

Bloomberg LP and Billionaire bull Novogratz announced their partnership for Bloomberg’s new project –BGCI (Bloomberg Galaxy Crypto Index), on Wednesday. Bloomberg Galaxy Crypto Index is being created to track the aggregate performance of all the large-cap cryptocurrencies. Their rigorous approach to create a crypto price index would help investors ascertain...
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