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$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
31.10.2020
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four...
Chinese city seeks to power urban governance and more using blockchain tech
29.10.2020
30 new blockchain adoption applications will be considered as part of the city's two-year plan
Q&A: Big data’s role in medicine, supply chains and smart cities
27.10.2020
Can monetizing our data help speed up the world’s response to future pandemics, and make cutting-edge smart cities a reality? We asked an expert
Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi
15.10.2020
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure...
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
10.10.2020
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. Chinese City Giving...
BitMEX CTO Released On USD 5m Bond, USD 2bn Blockchain City + More News
9.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
BitMEX Chief Technology Officer Samuel Reed, who was charged and arrested by the US Department of Justice, has been released on a USD...
China’s Central Bank, Major City to Hand Out $1.5M in Digital Yuan
9.10.2020
A local report suggests the pilot is an indication that the digital yuan is close to being launched
DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading
1.10.2020
1th October 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time. That moment comes now, as DueDEX releases news...
Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is
18.9.2020
Is Busan a "blockchain city" in name only?
‘Growth hacker’ hides 100 caches of Bitcoin Cash around city
18.9.2020
‘Giving away crypto does help people, but the real motivation is to spread awareness in a way that’s fun and interesting,’ the Bitcoin Man said
60% of Firms in Blockchain Sandbox City Don’t Know What Blockchain Is
17.9.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. Just a year ago, Busan, the second biggest city in South Korea, was celebrating after it was granted the nation’s first blockchain regulatory sandbox status – with grand plans afoot for implementing tokenized business plans...
Philippines SEC warns of 'cloud mining' Ponzi related to Bitcoin Vault
16.9.2020
The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment
Beijing pulls ahead of Shenzhen as China’s top blockchain city
11.9.2020
The 2020 Chinese Blockchain Innovation rankings have been released
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
10.9.2020
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid...
China Unveils Inaugural Blockchain City Rankings
9.9.2020
Beijing is officially China’s top blockchain city, per official rankings, but second city Shanghai placed third behind Shenzhen, the nation’s fastest-growing blockchain hub.
These were the findings of a special session at the China International Fair for Trade in Services, the first large-scale...
Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’
8.9.2020
Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
2.9.2020
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto...
Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda
1.9.2020
Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency. Akon City’s...
Akon Joins Presidential Campaign of Bitcoin Entrepreneur Brock Pierce as Chief Strategist
26.8.2020
Akon has joined bitcoin entrepreneur Brock Pierce’s 2020 campaign to become the president of the United States. Akon will serve as the chief strategist for the Pierce campaign while building his “futuristic” Akon City in Senegal, Africa, that will be run on the akoin...
Huawei and Beijing jointly develop municipal blockchain directory
24.8.2020
Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain