Back in the second week of August 2017, an interesting event took place in Ukraine, as several individuals were reportedly arrested for being involved in illegal bitcoin mining activities. To put things better into perspective, during a raid carried out at the Paton Electric Welding Institute, which happens to be state-owned, the Ukrainian police found…
The Enterprise Ethereum Alliance is a nonprofit collaboration between several organizations, companies, and corporations that have taken interest in Ethereum’s platform and its future. Members include prominent industry leaders like BP, Cisco, Intel and Microsoft among others. Membership, since the first announcement, continues to expand at an impressive rate. The recently founded EEA is paving the…
In the first hearing of his trial for fraud, former Mt. Gox CEO Mark Karpeles plead not guilty in Tokyo District Court on Tuesday. Karpeles is charged with embezzlement and data manipulation. The Japanese-based Mt. Gox, once the world’s largest Bitcoin trading platform, ceased operations in early 2014. It later revealed that it had lost…
India is the world’s third largest economy, and is set to grow at a rate that may surpass that of China within a few years. In Prime Minister Narendra Modi's vision of a Digital India, a lot of emphasis has been placed upon cultivating technology to solve the most rudimentary of purposes and tasks. This…
Cryptocurrencies have become popular in all parts of the world. The legal acceptance of Bitcoin within Japan as a payment method can be considered as a perfect example to prove the above mentioned fact. The news has officially been released by the Financial Services Agency of Japan. After the legal acceptance, The Accounting Standards Board…