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Kazakh Gov Plans to Double Its Investment in Digital Currency Mining

Kazakh Gov Plans to Double Its Investment in Digital Currency Mining Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency.According to the report, Kazakhstan's digital…

Russian Court: Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property

Russian Court: Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that (BTC), as a virtual currency, does not enjoy the same property protection as other assets.The case goes back to 2018, when the two men impersonating Federal Security Service (FSB) agents and their accomplices kidnapped the victim and forced him…

Catenae Innovation in talks with potential customers now its Cov-ID digital passport system is ready to launch

Catenae Innovation PLC (LON:CTEA) has said its breakthrough app that records a person’s coronavirus status is now ready for launch well ahead of schedule. It also revealed it is in discussions that could lead to “local and international sales opportunities”. The announcement followed some graphic design refinements to the Cov-ID digital passport system, which has raced through the development, prototyping and pilot launch phases to get to this stage in three months. The phone-based application is a GDPR compliant identity…

Market Report: FTSE 100 drops, gold at eight year high

Headlines from the Proactive UK newsroom. The FTSE 100 dropped 39 to 6,129 after the first monthly decline in Nationwide’s UK House Price Index in eight years. Overnight, gold futures rose above US$1,800 per ounce. Sainsbury’s said sales were strong throughout its first quarter and particularly at Argos, with the weather giving an added boost. Operating costs remain high, though, so profits this year will be broadly unchanged said the grocery giant. SSP, the owner of the Upper Crust bakery and coffee chain, said up to…

Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court

Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd.According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being "nothing but a scam”. Continue Reading on Coin Telegraph Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily…

Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High

Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High Recently published data from glassnode shows there are currently more than 1,800 (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish.The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin investors or wealthy individuals that newly enter the…

China Highlights Blockchain in Pandemic Preparedness Strategy

China Highlights Blockchain in Pandemic Preparedness Strategy Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain technology for enhancing data sharing among medical…

Streamlined Catenae Innovation has a pipeline of opportunities

Catenae Innovation PLC (LON:CTEA) said it has over £1mln on its balance sheet with the "streamlined" business geared to take advantage of a "pipeline of opportunities". The commentary was provided in the tech firm’s interim results statement, in which it was revealed it made a reduced loss of £364,013 in the six months ended March 31, 2020. In that period, it renewed its contract with Southend United Community and Educational Trust for the OnSide product, Catenae's blockchain-driven management tool for sports…

New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month

New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month Earlier this week on-chain analyst Willy Woo released a new price model for (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market. The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At…

Qtum Preps for Mainnet Hard Fork With New Testnet Event

Qtum Preps for Mainnet Hard Fork With New Testnet Event Proof-of-Stake, or PoS, blockchain Qtum successfully completed a hard fork of its testnet in preparation for the launch of its mainnet hard fork.According to a statement sent to Cointelegraph, the upgrade went live on the testnet at block 625,000 on June 29. This event officially introduced offline staking in Qtum. Continue Reading on Coin Telegraph Disclaimer: Fusion Media would like to remind you that the data…