Business

South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs

[ad_1] A member of South Korea’s National Assembly has called on the state to “open up the road” to Initial Coin Offerings (ICO) by easing regulations, South Korean financial outlet Economy reports October 2.According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National Assembly.He claimed that the purpose of the new legislation is to allow
Business

Venezuela’s Controversial Petro Sale Starting November, Maduro Claims

[ad_1] Venezuelan president Nicolas Maduro has appeared on national television to announce the official launch of the national cryptocurrency Petro, according to a brief summary of his speech posted on Venezuela’s government website Monday, October 1.Maduro stated that the official website for the Petro has already been launched, and the official Petro wallet is also available in Google Play. However, the public sale will only start November 5.Maduro also stressed
BLOCKCHAIN

Blockchain-Based Ad Startup to Refund Contributors if Development Milestones Aren’t Met

[ad_1] A digital advertising startup with the goal of “building a better internet” for web users, publishers and advertisers is embarking on the second round of its token offering – but with a twist.Varanida says its blockchain has been built for three reasons: improving transparency for brands, increasing revenue for publishers, and giving the public a better experience when they are browsing the internet.The company plans to achieve these goals
BLOCKCHAIN

Venture Capital Investment in Blockchain and Crypto Up 280% in 2018, Report Shows

[ad_1] “Traditional” venture capital (VC) investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018, according to a new Diar report published September 30.Diar cites data from Pitchbook that indicates that blockchain and crypto-related firms have raised almost $3.9 billion in VC capital in so far this year — a 280 percent rise as compared with last year. The rise comes not just in
BLOCKCHAIN

Italian Banking Association Completes First Test of Blockchain-Based Interbank System

[ad_1] The Italian Banking Association (ABI) has revealed they successfully passed the initial phase of testing their blockchain-powered interbank system, Italian financial media outlet Ansa reported September 29.By applying distributed ledger technology (DLT), the group of 14 Italian banks is planning to improve interbanking processes. Specifically, the association intends to boost the processing time of operations, increase the transparency of banking information, and enable the verification and exchange of information
Business

Ukrainian Legislator Urges Parliament to Cut Crypto Taxes Until 2030

[ad_1] A Ukrainian legislator has urged parliament during a speech on Monday, October 1 to review his alternative bill on cryptocurrencies that offers to freeze taxes for crypto traders up to 2030.MP Yuriy Derevyanko, a member of the anti-corruption Movement of New Forces founded back in 2017 by former Georgian politician Mikheil Saakashvili, introduced his version of the bill at the conciliation board of The Verkhovna Rada of Ukraine, the