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South Korea Crypto Investors Spent $6,000 Average in 2018

South Korea Crypto Investors Spent ,000 Average in 2018

The Korea Financial Investors Protection Foundation (KFIPF) has published a new report which shows that South Koreans who invested in cryptocurrency last year put aside an average of USD 6,000 per individual, as reported by Finance Magnates.

The original news report in Korean referenced a survey from the Korea Financial Investors Protection Foundation, which was given to about 2,500 adults. Of these, about 7.4% had said that they had bought cryptocurrency. What was more interesting was that, those who had already bought before in the previous survey in 2017, had ended up buying even more, indicating that the belief in crypto had remained high even in a rocky year for crypto markets.

Compared to the results of the survey in 2017, the USD 6,000 figure was up 67%, and there appears to be some explanation. While the majority of crypto investors were millennials in 2017, older – and wealthier – age groups had formed the majority in 2018. Those in their 50s were now the biggest group of investors, followed by those in their 30s, and then those in their 40s.

Nevertheless, crypto investment is still a relatively niche investment in South Korea, with only a 1% growth from 2017. This does mean that it’s not too late for most still considering to dip their toes, to be an early adopter, especially with signs that the crypto market has likely bottomed out, en route to a new growth cycle.


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Will It, Wont It? Where Bitcoin Goes Now: The Next Hot Debate

Will It, Wont It_ Where Bitcoin Goes Now_ The Next Hot Debate

It is always interesting to get two entirely different opinions on a topic which divides even the best of friends, especially when they are not about Brexit, and here are two presented by UBS and Adamant Capital over Easter.

Bitcoin Bear or Bull, what’s it to be? Recovery appears to be on the way, but Kevin Dennean, technical analyst at Swiss multinational investment bank and financial services company UBS thinks it won’t fly.

Dennean doesn’t agree with analysts who see Bitcoin’s recent upward movement past USD 5,000 as an illustration of something bigger just around the corner, citing Dow Jones in the Great Depression, the Nikkei in 1989, the Dotcom Boom and Bust, oil in 2008, and China’s recent stock market crash. He argues: “We’re struck by how long it took other asset bubbles to recover their peak levels,” with a reminder that it took the Dow Jones 22 years to come back after the depression years.

“Maybe crypto bull contingents should consider what happens after the bubble, not every bubble that bursts, recovers the old highs,” Dennean, offers with a somewhat sobering reminder of things past.

Not so Adamant Capital’s latest report, simply warning that investors just need to hold their cool and live with a Bitcoin market between a short term range of USD 3,000 and USD 6,500 and then there should be another bull run ahead.

The current sentiment has recovered from capitulation and the blockchain shows us that Bitcoin HODLers are committing for the long-term again. This is confirmed by our drawdown and volatility analyses,” the report states.

When the report states that “the long term risk-reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world”, hodlers might be looking at holding on just a little bit longer, although a USD 20,000 would be a lot to ask for. Whilst lower prices may still be a reality, although undervalued according to Adamant, the report brings good cheer for adopters. The report concludes:

“Supported by over 10 years of infrastructure development, we believe the stage is set for mass market adoption in the coming five years. In our assessment, during this phase (its “Windows moment”) Bitcoin will become widely recognized as a portfolio hedging instrument and reserve asset, and will begin making significant inroads as a payment network.”


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North America: Crypto and Blockchain News Roundup 15th to 21st April, 2019

North America

North America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.


CFTC Commissioner says rapid pace of innovation presents difficulty in approving proposal like Bakkt: In the current period of innovation, it will be harder to approve proposals like Bakkt, according to Christopher Giancarlo, US Commodity Futures Trading Commission (CFTC) Commissioner. CFTC is responsible for regulating options and futures markets.

Recently, prospective clients were promised by Bakkt that CFTC will be requested to permit the issuance of the first physically deliverable Bitcoin futures. Moreover, Bakkt will be looking to store Bitcoin in a physical warehouse on their client’s behalf. Industry is changing at a rapid rate, hence it is difficult for regulators to catch up with upcoming technological innovations, believed Giancarlo.

John McAfee relied on mathematics to predict BTC price: By the end of 2020, Bitcoin (BTC) price will be no less than USD 1 million, claimed John McAfee in a recent tweet. He stated that his prediction is based on mathematics and it will be “mathematically impossible” to experience a lower price. In 2018, BTC price experienced a 20 times increase which, according to many experts, was extremely unexpected and will not likely happen again.

Nevertheless, BTC currently sits at USD 5,277, meaning that it will have to increase by 20,000% to achieve USD 1 million target. It is important to note that previously, in 2017, McAfee predicted that BTC price will touch USD 500,000 mark by the end of 2020.

2020 presidential candidate Andrew Yang criticizes BitLicence, demands clarity on crypto regulations: More lucidity is demanded by Andrew Yang (democratic presidential candidate) on crypto regulations. Yang, who is known as a supporter of Bitcoin, stated that BitLicence is “onerous”.  According to the reports, the New York State Department of Financial Services will issue BitLicence, which will serve as the business license for cryptocurrency activities.

Yang said that federal government must bring clarity in regulations so that investors can proceed with relevant information. It is worth noting that Yang announced to accept crypto donations. He is among a few presidential candidates to do so. Moreover, he himself is an entrepreneur and has worked in multiple startups during the span of 2000-2009.

Russia allegedly used BTC to purchase computer hardware for hacking into Clinton’s emails: Bitcoin (BTC) was used by Russian intelligence to secure computer infrastructure required for hacking purposes, which aided in interfering in the 2016 US Presidential Election, stated the Mueller Report. As per the report, Russia damaged Hilary Clinton’s presidential campaign by using hacking, which in turn helped Donald Trump and “smoothed his path”.

However, Donald Trump was not found guilty of collusion.  The operation was carried out by the main intelligence directorate of the general staff of the Russian army (GRU). GRU was responsible for hacking into computers of Democratic National Committee (DNC) and the Democratic Congressional Campaign Committee (DCCC) and leaking the hacked material, states the report.

IBM and University of Louisville will join hands to open blockchain academy: A blockchain skills academy will be setup by IBM in collaboration with the University of Louisville, reports the media. The academy will aim at reducing the gap between existing supply and demand for blockchain expertise.

The curriculum of the said academy will be comprised of eight developing and emerging technologies like blockchain, artificial intelligence (AI), cybersecurity and Internet-of-Things (IoT). The academy will be established in Kentucky state (USA). IBM is expected to extend this program to other universities as well.

ETFs should drop “blockchain” tags in their names, warns SEC: Fund providers looking to offer blockchain exchange-traded funds (ETFs) have been warned by the US Securities and Exchange Commission (SEC) to lose “blockchain” tags in their names.

The said step is taken to avoid “misleading investors”. During 2018, one out of every three companies changed their names during the SEC approval process, owing to the increased scrutiny. As per the reports, one of those companies replaced the word “blockchain” with “transformational data sharing”. Many ETFs changed their names even before their funds started trading.

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Well… the weekly candle closed without any special tips and signals about the upcoming possible price movement.

The trading range ETH was 13%. Buyers have been able to keep the price zone of $155-160 for the second week. We think that this week should show the true intentions of market participants. Consolidation in the form of a triangle which started in December 2018 comes to an end. If we analyze the daily timeframe, then we see that it begins to form a new channel – the fall channel (from 8 April).

The bottom line of this channel is near the price zone of  $155-160. The top trend line is in the range of $176-177. So, while the price is moving no higher than $176-177, we believe that the initiative is on the side of sellers. However, this initiative is rather weak. If you analyze the volumes on which the fall is, then they are even slightly smaller than the volumes at the previous growth of $160: Ethereum Market Analysis 22nd April 2019

At a 4-hour timeframe, we see that sellers stopped over the local price zone of $165-168, in which in its turn was a stop for buyers before continuing growth to $179. However, at the moment, the volume during the present local consolidation is higher. Buyers are trying to keep the price and so far it is possible for them: Ethereum Market Analysis 22nd April 2019

If we talk about the mood of buyers, then their marginal positions are closing for several days, but in quite a passive manner: Ethereum Market Analysis 22nd April 2019

Seller marginal positions are also passively decreasing and are in the local growth channel, which is more like a correction: Ethereum Market Analysis 22nd April 2019

In wave analysis, we see that since December 2018, 5 correction waves (a, b, c, d, e) have been formed in the triangle. Buyers corrected the previous fall by 61.8%: Ethereum Market Analysis 22nd April 2019

If buyers cannot keep $155-160, then we expect the first stop of the sellers at the price of $123: Ethereum Market Analysis 22nd April 2019

We will consider the alternative scenario of continuation of growth after which buyers should break through $177. We think that before global growth, sellers should test buyers for strength, and buyers should show that they are ready to keep the price. Therefore, after buyer attempt to grow from December 2018, at least we expect a correction, after which we will analyze the future potential of the market. We wish you a successful and positive week. Keep your deposits!


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About the Author: Peter Oleshchuk is a trader and technical analyst.

He has spent two years studying and analyzing the crypto market.

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PR: Scalable Dapp Development Platform Looks to Revolutionize Business Infrastructures Through Blockchain Implementation

Bitcoin Press Release: Scalable dApp creation platform will help software developers integrate decentralized apps into already established business infrastructures.

Monday 22nd April, 2019, Belize City, BELIZE –  Scalable dApp creation platform will help software developers integrate decentralized apps into already established business infrastructures. Squeezer.IO uses a platform, Framework, and Chain-kit (unique software tools) to enable the design and development of open source apps, import projects directly from GitHub, and develop fast solutions for Blockchain Payments and Smart Contracts.

The blockchain software industry is expanding quickly, given that blockchain related jobs are among the fastest growing in today’s labor market, it is safe to assume that the demand for blockchain experts is also growing at a significant rate. The average income of a Blockchain developer (in the US) has also increased by roughly 50% compared to that of the average software developer.

Onboarding software developers into the blockchain ecosystem are not that simple, because, besides the coding skills, server-side requirements are needed too, in order to setup blockchain node instances. In addition, strongly typed languages like Solidity, C++, are additional points on the requirement list. All of these will narrow down the access to the developer’s workforce spectrum.

Nick Chisiu, CEO of Squeezer (former ConsenSys blockchain consultant) voiced why Squeezer will greatly help expedite the development process, stating;

“Building dApps and learning blockchain technologies is great, developers will always love to play with new stacks. We need a solution to facilitate the blockchain access for developers and get rid of the never-ending setups. I see Squeezer as a great candidate to boost the blockchain adoption.”

Main Features

The platform is host to an array of unique features, including:

  • Build Serverless dApps
  • Agnostic integration
  • Two-way blockchain payment systems
  • Wallet double encryption
  • Attach smart contracts easily
  • One-click deploys
  • Switch from one blockchain to another in seconds
  • Connect legacy infrastructures with blockchains
  • Custom cloud provider and region


The Squeezer Framework is a tool to build & deploy an open-source CLI for building and deploying decentralized applications using serverless functions. Instead of doing everything manually, the developer can create and configure resources with just a few commands, letting Squeezer do all the heavy lifting.

The Squeezer Platform

The platform allows users to Import a project from GitHub, share it with the team for collaboration, and start the development in seconds. Deployment of a dApp into the cloud is just a click away with the help of the Squeezer Platform.


Squeezer Chain-kit -Warp Fast Solution for Blockchain Payments and Smart Contracts.

Users can start accessing blockchain resources easily using the Squeezer Chain-kit, to build serverless dAps. It’s an agnostic solution to interact with any blockchain, so you don’t have to deal with all the hassles of manually downloading the entire blockchain locally and setting up a dev environment.

Create & deploy a two-way Ethereum payment system in one minute or less. A comprehensive tutorial, to see how Squeezer can improve the velocity & development lifecycle speed when it’s used to create blockchain dApps.

About Squeezer.IO

Squeezer is the ultimate tool for creating scalable dApps and integrate them into existing business infrastructures. A payment system through blockchain, a voting platform, frictionless login, Squeezer has it all. We provide all the tools you need to create serverless dApps, attach smart contracts and deploy them with one click.

Learn more about Squeezer –

Read the Squeezer Whitepaper –

Follow Squeezer on Twitter –

Find Squeezer on Facebook –

Squeezer on Github –

Check out the official Squeezer Telegram –

Read about Squeezer on Medium –

Media Contact

Contact Name: Alex Sabau


Youtube Video – is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Survey: Retirees, Younger Investors Should Consider Long-Term Crypto

Survey_ Retirees, Younger Investors Should Consider Long-Term Crypto

One truth all too well hard to dispel is the fact that the older generations will always remember the impact of the last financial crisis, as well as the fear of it happening again. And while Bitcoin and the Blockchain may be making waves in their own ways, most American retirees can hardly picture themselves owning a Bitcoin without being reminded that if it’s too good to be true, it probably is.

This probably summarizes the survey carried out by precious-metal resource website Gold IRA Guide, as it discovered that more than half of its respondents said they know about Bitcoin but aren’t interested in investing. The source blames it on proper education on Bitcoin, its technology and its function as a currency. However, it’s truly hard not to be cautious, especially when Bitcoin’s volatility is nothing like anyone on Wall Streets have experienced even with the most volatile of stocks. And so as an investment, it probably doesn’t signal much safety. Okay, granted maybe gold may have been a little crazy too at some point.

Bitcoin volatility vs other assets

If history has taught anything, it is that not having a radical investment in one’s diversified portfolio can make growth rather slow, but even that is a double-edged sword. Still, a recommended 1% investment of an entire hedge funds capital into Bitcoin seems like a logical bet. And while it appears small, the nature of Bitcoin’s volatility can make a hugely positive impact when the price goes up and minimal when it goes down – after all, it’s just 1 percent of the entire portfolio.

But it appears even those retirees willing to invest in bitcoin do not know how. Perhaps a proper education is long overdue here.

Recently, a crypto enthusiast and host of financial podcast Evolvement, Michael Nye, expressed his excitement when his father paid off a golf bet he lost to a 70-years old neighbor using Bitcoin.

My Dad recently lost a golf bet to his 70 year old neighbor.

Instead of asking for fiat, my Dad’s friend asked for $BTC.

So my Dad set up a @Coinbase, bought some Bitcoin, figured out how to use a public key, and set $300 in #Bitcoin to his friend.

I’m so fuckin’ proud. ☺

— Nye (@MrMichaelNye) April 20, 2019

Extrapolating the findings of the survey, the 70-years old neighbor may as well belong to the “smallest group of respondents, a mere 2.7 percent, claim that they own at least some Bitcoin.”

The survey concluded suggesting “retirees and younger investors alike should seriously consider long-term investing in cryptocurrencies,” as well as an argument for Bitcoin :


“It’s a government hedge. Their worth has little to do with the constantly shifting fiat environment. This is why many analyst observers and investors view the digital currencies as contrarian assets like gold.”


“It offers another form of retirement asset diversification. As the digital assets keep increasing their adoption and rising higher in value over time, this will represent a once in a lifetime opportunity for investors wishing to substantially increase the value of their retirement savings.”

Remember? A radical investment within a portfolio.


“It provides massive longer-term growth potential. This is why Bitcoin is ideally suited for retirement planning, as this future planning is built entirely on the longer term.”

Yes, risky as it may appear, still having a little of it as a means of diversification only makes sense even for the most risk-averse.

A recent assessment done by Morgan Creek warns of high-risk exposure of pension funds. Gladly, the millennial generation is more dynamic and shifting focus away from proven traditional investment tactics into cryptocurrency aided retirement plans. Testing new verticals and expanding investment horizons is just what the digital asset ecosystem is about.


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Rogue Crypto OneCoin Strikes Again, Accused of Defrauding UK Investors

It appears that rogue cryptocurrency OneCoin is again attracting attention for all the wrong reasons after a Londoner has accused its UK management of fleecing her of her life savings.

A Mrs Begum in her 30s went to a OneCoin event in Aldgate in London in 2016, and invested in the coin, but three years on is now unable to access her GBP 54,000 (USD 70,000) life savings.

OneCoin has been listed as a fraudulent cryptocurrency in the US, is on a warning list in New Zealand and currently its multi-level marketing scheme is the subject of a court case in Singapore. The Singapore Police have subsequently warned the public about the risks of being involved in OneCoin or any marketing schemes connected with it. In 2018 Chinese police made a swoop on a OneCoin operation there worth USD 266 million.

In London it appears that Begum fell foul of the company’s marketing, saying that after she had made a cash purchase, “I realized a few months in that there was no scheme.”  She was told at a marketing event she would later be given tokens. The organizers of the event, which was attended by some 1,000 potential investors, told her that the earlier she made the investment the greater the payout, and she could gain a ranking by also bringing other investors on board.

In October of 2016, the investor was told that her coins had doubled in value and that the money was sitting in an account. After trying to cash in the investment she was told the following year that:

“No refunds will be made after the IMA [investor] has logged in to his/her account… By logging into his/her OneLife Network account it is considered that the IMA is accepting the terms and conditions and no refunds shall be made.”

It now appears that OneCoin has been accused of convincing people to pay tens of thousands of pounds to invest in the digital currency. Begum’s continual efforts to cash in her coins over three years have been met with complications which effectively keep her at arm’s length from her original investment.

The OneCoin organization claims that it is the second generation of cryptocurrency after Bitcoin and already had a huge following, and promised tremendous returns for investors. It is impossible to view the inner-workings of OneCoin without buying a non-refundable starter package such as was purchased in London.

When purchasing OneCoin a user receives tokens that have no value, and they can submit these tokens for “mining” where the tokens eventually become OneCoins. This isn’t true cryptocurrency mining where a user is rewarded for putting their computing power towards maintaining and securing the network. There is no evidence that OneCoin ever had a blockchain to maintain and secure, and the inner-workings of the “mining” process were secretive.

While the founders claim that they are creating 300 new millionaires a year, the US Department of Justice has called it “an old scam with a virtual twist”. An investigation into the company in the UK and allegations of fraud continue.


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Monte Carlo and Ibiza Venues for 2019 Hodl Rally

Monte Carlo and Ibiza Venues for 2019 Hodl Rally

It’s the season for ‘Blockchain Week’, with New York Consensus 2019 coming up and Paris 2019 just having drawn to a close, but one event to look out for and getting a plug in Paris last week, is the 2019 Hodl Rally, scheduled for June.

If this sounds more like it should be a top gear event or a follow up to Paris-Dakar, that is understandable. It was described in Paris last week as “1,800 miles. 7 nights. 6 parties. 2 conferences. 100 cars. 1 superyacht party. 1 poker tournament. A fashion show. A charity gala.” Fair enough it’s a blockchain event… and its sounds pretty impressive, for those into Cannonball Runs. The Hodl Rally site tells its readers what they can expect:

We will be combining Blockchain conferences with parties, dinners, fashion show, yacht parties, club takeovers, poker tournaments, beach parties, beautiful models and lots of supercars. We will be driving across the most beautiful and diverse scenic continent; Europe, 8 cities in 8 days with a stopover in each city.”

Follow that with a 3-day visit to Barcelona for the World Crypto Convention, then a closing party at club Ibiza, and it’s starting to look like an interesting week.

It comes at a price at USD 3,897 per person, and some might argue such events are a bit of left-over from when partygoers danced till dawn with no concerns where the next Bitcoin was coming from, although to be fair a third floating blockchain conference is planned for September of this year. That one is using an entire ship reserved for a potential 2,500 cryptocurrency enthusiasts sailing the Mediterranean Sea. The cruise is organized by cryptocurrency exchange CoinsBank taking in Barcelona, Monte Carlo and Ibiza as 100 speakers deliver presentations on current developments in the industry.

Virtue Nightingale, the organizer of the Hodl Rally set for 3oth June, says the glam is absolutely not over the top, quick to point out the Gumball 3000 costs around USD 65,000 for a ticket, and the Hodl Rally has already sold 30 tickets, mostly to crypto and blockchain enthusiasts. He pointed out:

“It brings people from different walks of life altogether as one community, participating in this event and then what you do is you take that time, that opportunity to educate and inspire people about the importance of blockchain in their day-to-day lives.”


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Asia and Australia: Crypto and Blockchain News Roundup 15th to 21st April, 2019


Asia and Australia

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.


Chinese Firm Mines Bitcoin Secretly, End up Losing USD 23 Million: After suffering colossal losses of USD 23M due to secret crypto mining activities, a Chinese construction company, Huatie, has sold off its subsidiary, Huatie HengAn, at merely 10% of the original valuation. The subsidiary was sold for USD 2M, after being valued at USD 25M only a year ago. Huatie HengAn allegedly bought 36,500 pieces of hardware listed as “servers” from manufacturers Canaan and Ebang and allegedly used them for mining crypto instead of construction.

South Korea

South Korea Banks to Open Payment Network to Fintech Firms by December 2019: In a bid to encourage swift adoption of crypto technologies, Banks in South Korea have agreed to open their payment networks for all fintech firms by December this year. Currently, the payment networks are only accessible by the banks themselves, but this initiative will lead to as much as 10 times lower charges for database access by the fintech firms. The action will also allow the customers to access all their banking accounts using a single application and make payments.

Ex-Top 3 South Korea Exchange Closes Shop: Once standing amongst Korea’s top 3 exchanges, Coinnest has announced the cessation of all operations in South Korea, blaming lowered demand for trading and hostile regulations for the demise. The website displayed notice announcing the discontinuation of activities this week and asked all users to withdraw their funds before the 1st of May 2019. The company has lowered withdrawal fees and the minimum threshold permissible to simplify the outflux.


Japan Regulator Urges Improved Security for Offline Crypto Custody: The Japanese cryptocurrency exchanges will be required to beef up the security of their cold wallet storages, as per a Reuters report. The report states that the Financial Services Agency (FSA), the Japanese financial regulator, has concerns about the security levels of some exchanges and has warned them about the potential risks of internal thefts from the cold wallets. The proposed solution involves having multiple people in charge of the cold wallet while being placed on rotational shifts.


“Bitcoin Girl Thailand” on the Run From Thai Navy after Seastead Debacle: The Bitcoin Girl Thailand, Supranee Thepdet, with her boyfriend and American Bitcoin investor Chad Elwartowski are apparently on the run after being accused of violating Thailand’s national security, a charge that could carry lead to even a death sentence. The fiasco began after the couple constructed their unique waterbody home known as a “seastead” in international waters, located 12 nautical miles from the shoreline of Thailand’s tourist island. The army insists that the couple “did not seek permission from Thailand” and are now looking to remove the USD 150,000 seastead from the water citing danger to shipping.


RBI Sandbox to Promote Fintech, Blockchain, Excludes Crypto: The Reserve Bank of India (RBI) has issued a ‘Draft Enabling Framework for Regulatory Sandbox,’ that will provide a requirements guideline for the ever-expanding fintech sector in India. This is the result of a committee titled Inter-Regulatory Working Group on FinTech and Digital Banking in India set up in 2016 which was tasked to assess the implications of fintech on the country’s economy and provide an appropriate regulatory framework.

India Retail Payments Corp Considers Blockchain: The National Payments Corporation of India (NPCI) has announced that it will use highly scalable blockchain solutions to improve accessibility and reliability of digital payments in the country while aiming to create the “best payment network globally”. NPCI stated that they intend to develop a highly scalable blockchain solution using an open source technology, that would enable bidders to propose solutions for a DLT application in payments.


Australia’s First Government-Funded Blockchain Incubator Gets One Up on State Rivals: South Australia’s first crypto lab has just received government funding and now hopes to catch up with other states such as New South Wales and Victoria. The new lab, set to open in September has been awarded AUD 170,00 as part of the Federal Government funding that will allow 10 blockchain startups to create a workspace and hire mentoring services. South Australia is fast catching up with its state neighbours, especially after the ADC Global Blockchain Summit last month.

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