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South Korea’s National Assembly Makes Official Proposal to Lift ICO Ban

Nearly eight months after a blanket ban on initial coin offerings (ICOs), South Korea’s National Assembly has reportedly made an official recommendation to allow domestic ICOs in the country. According to a report by Business Korea on Tuesday, the 300-member national legislature has made an official proposal to allow domestic …

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331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency

Mainstream media outlets in South Korea and Japan JoongAng and Nikkei have reported that the National Tax Agency (NTA) of Japan is fully aware that 331 investors in the Japanese cryptocurrency sector recorded a profit of $1 million through trading, generating more than $331 million in total. Chasing Cryptocurrency Taxes …

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Average Blockchain Project Dies in Less Than Two Years: Report

Recent years have seen a huge surge in the number of blockchain projects entering the space, with 871 ICOs raising over $6 billion last year compared to just 29 ICOs raising $90 million in 2016. Already this year there have been 777 ICOs and counting as more startups get on the ICO …

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Blockchain Will Be Adopted by Every Bank: ‘Catch Me If You Can’ Forger-Turned-FBI Consultant

Frank Abagnale, a master forger and the real-life character of the popular movie “Catch Me If You Can,” recently stated at the Blockchain Nation Miami Conference that he believes blockchain technology is the future of secure information processing and data settlement. He said: “I think you would have to be …

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Shipping Giant Maersk Deploys First Blockchain-based Marine Insurance

AP Moller – Maersk, the world’s largest shipping company, has deployed the first blockchain platform for marine insurance, Insurwave, a joint venture between Guardtime, a software security provider, and Ernst & Young, an accounting firm. The platform is also being used by Willis Towers Watson, MS Amlin and XL Catlin. …

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Addicted to Trading? Scottish Hospital Treats Cryptocurrency Addiction

Castle Craig Hospital in Scotland has begun treating patients reportedly addicted to trading cryptocurrencies such as Bitcoin. Healthcare experts say that crypto trading can become a behavioral addiction and that addicts in these cases are hooked on monitoring the minute-by-minute fluctuations in the market value of their traded tokens. The West …

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