South Korea Creates Gyeongbuk Coin for Gyeongsangbuk-do Loyalty Scheme

China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme — the already existent “Hometown Love Gift Cards”. South Korean legislators are making this move to further integrate cryptocurrency across the nation. 100 billion won…

Venezuelan Banks Must Accept Petro – Maduro Introduces New Economic Reforms

Two days ago, Venezuela’s President — Nicolás Maduro, ordered the nations banks to adopt the Petro digital currency, so now Venezuelan banks must accept Petro. In a bid to reform the nation and alleviate the current Venezuelan economic crisis, Maduro is trying to get the Petro coin recognized as Venezuela’s second currency and now banks within the nation must accept the coin. The hope is that by fixing the nation’s fiat currency to the newly created Petro, financial stability will be possible. Venezuelan Banks Must Accept Petro Venezuela’s economic situation is…

Bitmain’s BTC.com is Launching an Ethereum Mining Pool

Bitmain Adds Ethereum Mining Pool: The world’s largest Bitcoin mining pool is cheating on Bitcoin. Bitmain’s BTC.com is expanding to add an Ethereum mining pool which will initially support both Ethereum and Ethereum classic.  Users will now be able to switch their hashing power from one pool to another, in light of whats happening in the market. Bitmain Adds Ethereum Mining Pool The announcement was made earlier today from BTC.com, which has earned its place as the largest Bitcoin mining pool in the world, having mined 21% of all Bitcoin blocks last year. The site…

The Crypto Fraud that Promised Investors Shipwreck Gold

Cryptocurrencies transformed the way we glance at transactions, but against the grain, they have also encouraged cybercriminals to lead some massive frauds over the past few years. While the cleverest minds have developed some beyond-belief organizations upheld by the might of blockchain and cryptocurrencies, wicked minds have also pounced on the furor, defrauding innocent investors in complex scams. Do you know about the Shinil Group scam that took place last month, in which investors were tricked into investing in their cryptocurrency? The Shinil Group Scam The most recent attack was…

China’s Ban on Crypto Continues – Guangzhou District Hit

China’s ban on crypto continues across the country as the Guangzhou Development District is next to be hit.  What’s going on? China’s Ban on Crypto Continues Last week, a very similar ban was imposed in Beijing’s Chaoyang district, whereby venues were handed out fliers detailing a prohibition against commercial venues hosting crypto-related events. Venues such as hotels, bars, and clubs were targeted. Now today, local media outlet Jiemen has reported that the same ban has been extended to the Guangzhou Development District — a special economic zone in southern China, close…

What the Experts Want You to Know About Buying Bitcoin

Over the past few years, more and more investors have decided to enter the Bitcoin market. There is no doubt that cryptocurrencies have gained in popularity. At the same time, their prices have climbed higher and higher. Bitcoin has been at the forefront. This digital currency has really paved the way for other coins. Still, a lot of investors are worried about investing in Bitcoin. They do not believe that it is going to be a profitable investment in the long run. Within this guide, the experts will provide readers…

Bithumb Will Re-open Account Registrations!

The second largest South Korean cryptocurrency exchange, Bithumb will reopen account registrations after a month of closure. The reason is down to the exchange regaining its partnership with Nonghyup (NH) Bank. Bithumb will Reopen Account Registrations In South Korea, crypto exchanges must provide virtual bank accounts so users can withdraw and deposit Korean won without having to go through their banks. This is for efficiency and security. And on August 30th, NH Bank, one of South Korea’s largest financial institutions, will sign an agreement with Bithumb to provide these virtual bank…

Kingdom Trust Secures Crypto Insurance From Llyod’s of London

Digital asset minding company Kingdom Trust, announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss. Kingdom Trust is a qualified custodian of over 30 cryptocurrencies and holds assets valuing $12 Billion USD. Mainstream Involvement The announcement today has made investors sit up, as it is seldom that mainstream financial institutions get involved with the volatile and unregulated crypto industry; large banks rarely, if ever, handle cryptocurrency. Is Llyod’s Ahead of the Game? The fact that…

ICON Surges This Week – Growing 25%

Some Altcoins made surprising moves this week. In particular, ICON jumped 25% in the last 7 days. This is interesting because when looking at the coin leaders, their actions remained relatively flat; Bitcoin kept finding its way back to somewhere between the $6,700 and $6,750 marks, with the latter being the highest the coin achieved across the week. No major movements happened. But at the same time, ICON (ICX) was doing this: Source: Coinmarketcap.com What is ICON? ICON is a favorite of South Korea and is often dubbed the nations version of…

Hollywood’s Steve Stanulis Finds Inspiration with Cryptocurrency

Steve Stanulis, a decorated retired New York City police officer and award-winning Hollywood actor/director, has recently taken to cryptocurrency and has used it to help inspire one of his upcoming films entitled ‘Red Money.’ We sat down with Steve to learn more about his thoughts on crypto, his upcoming films, and if he thinks the entertainment industry will start paying actors and other crew members with forms of crypto in the future instead of regular US currency. What were your original motivations for getting into the entertainment industry? My story…