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Enterprise Ethereum Alliance Launches InteroperableE Platform For Enterprise Blockchains

In a noteworthy advancement, the Enterprise Ethereum Alliance (EEA) launched the much-awaited Enterprise Ethereum Client Specification (CS) 1.0 – an open-source, cross-platform blockchain system that guarantees and builds trust in smart contract-based frameworks. Built For Enterprises Published on May 16 on  EEA’s official website, the announcement detailed the framework’s benefits, …

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China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13

On May 17, China’s Ministry of Industry and Information Technology released its public blockchain ratings, ranking various blockchain projects like Ethereum in the global cryptocurrency sector based on three criteria: technology, application, and innovation. Bitcoin at #13 As shown in the chart below, the Chinese government ranked Ethereum as the …

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Korea Customs Authority to Test Blockchain Clearance System for Imports, Exports

The Korea Customs Service (KSC) is reportedly due to test a blockchain-based system to verify data and shipments during imports and exports with over 50 companies domestically. According to the Korea Times, the KCS is developing a customs data platform powered by blockchain technology in an effort to boost enhance …

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Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market. Augur Deploys Smart Contracts On Ethereum Mainnet Earlier today, on May 17, the Augur team announced that after years of development, the …

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Thailand Tax Authority Waives 7% VAT on Individual Cryptocurrency Investors

Criticism over newly introduced legislation mandating taxes on cryptocurrency transactions has seen Thailand’s tax authority waive a value-added tax (VAT) on individual cryptocurrency adopters. First drafted in mid-March, a governmental decree to fast-tracked legislation that enforced taxes on cryptocurrency-related investments came into effect this week on Monday. In announcing the …

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Putin’s Orders: Russia’s ‘Digital Law’ Bill Won’t Legalize Crypto Payments

Russia’s State Duma Committee on State Construction was scheduled to hold the first reading of amendments to the country’s civil code pertaining to digital currency today, but is not expected to make digital currency a legitimate method of payment, according to Izvestia, the news portal of the Ministry of Information …

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