BITCOIN LAOS

China’s  cyberspace administration has released the first list — 197 companies long — of registered  blockchain  service providers, according to their March 30  notice . Chinese initiatives by internet giants such as Baidu Blockchain Engine,  Alibaba  Cloud Blockchain-as-a-Service ( BaaS ), Tencent BaaS (TBaaS) and the BaaS platform owned by  e-commerce  giant  JD .com  appear  on the list. Financial institutions such as the China Zheshang Bank and Ping An Insurance Company are also included. Some less-known companies such as blockchain-enabled supply chain management service  VeChain  and parcel delivery service ParcelX are present on the list as well. The article also notes that no institution or individual is permitted to use blockchain for any commercial purpose. The Chinese cyberspace administration will reportedly search for other services that should register and “relevant institutions and individuals who h...

Indian   cryptocurrency   exchange Coindelta is terminating its services in light of the adverse operating climate for crypto businesses in the country. The development was   announced   in an official blog post on March 30. Eighteen months after its first launch, Coindelta has told users that severe restrictions on banking services for crypto-related firms in India has caused its operating costs to escalate, and that therefore it is not economically viable to continue operations. The post notes: “It has been really difficult for us to operate Coindelta exchange for the last 6 months. The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the Supreme Court case which makes it difficult to predict when we will see the regulation.” In April 2018, India’s central bank, the Reserve Bank of India ( RBI ), had   prohibited   all ...

The most popular  social media  platform in  Russia , VKontakte (VK), is considering developing its own  cryptocurrency , local news outlet RNS  reported  on March 28. Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. Still, the article also claims that the firm has not yet made a final decision about whether or not to launch the coin. According to the report, RNS has obtained a presentation from the VK that shows how one of the ways users would be able to obtain the firm’s tokens is in exchange for their activeness and time spent on the platform. According to the article, the coins earned this way could be accumulated, transferred between users, exchanged for goods and converted (presumably to fiat currency) via VK Pay. According to its official  website , VK Pay is a cashless money transfer ser...

  Sunday, March 31 — the top 20  cryptocurrencies  are reporting mixed, mostly mild, price movements on the day by press time, as Bitcoin ( BTC ) reaches just over $4,100.   Bitcoin has seen nearly no price movement on the day, up just a fraction of a percent trading at around  $4,105 , according to CoinMarketCap. Looking at its weekly chart, the current price is over two percent lower than the value of BTC one week ago.    Ethereum ( ETH ) is holding onto its position as the largest altcoin by market cap, which is at about $14.9 billion. The second-largest altcoin, Ripple ( XRP ), has a market cap of about $12.9 billion by press time. ETH has also seen little change today, down by a fraction of a percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at nearly the same price. On its weekly chart, however, Ethereum has seen its value increase by about three percent. The market’s second-large...

About $118 million has been raised via initial coin offerings ( ICOs ) in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised during the same period in 2018, the Wall Street Journal (WSJ)  reports  on March 31. The report cites data provided by ICO analytics website  TokenData . The WSJ argues that investors have been scared off by regulators’ actions against non-compliant ICOs, as well as by the general bear market over the past year. One of the latest  cases  happened in February, when the  United States  Securities and Exchange Commission ( SEC ) charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission. Last month, founding partner of Future Perfect Ventures, Jalak Jobanputra,  claimed  that venture capital valuations have also been deeply affected by the cryptocurrency bear market. The recent report also reveals that of the 2,500 projects that Tok...

  Saturday, March 9 — most of the top 20  cryptocurrencies  are reporting slight gains on the day by press time. Bitcoin ( BTC ) is approaching the $4,000 mark again, according to  Coin360  data.   At press time, Bitcoin is up just under one percent on the day, trading at around  $3,960 , according to CoinMarketCap data. Looking at its weekly chart, the current price is nearly three percent higher than $3,851, the price at which Bitcoin started the week.    In Bitcoin news,   Twitter   and  Square   CEO Jack Dorsey   alluded   to spending $10,000 per week on BTC on a podcast earlier this week. Ethereum ( ETH ) is holding onto its position as the largest altcoin by market cap, which is at about $14.4 billion. The second-largest altcoin, Ripple ( XRP ), has a market cap of about $13 billion. ETH is down by a very mild 0.15 percent over the last 24 hours. At press time, ETH is trading around $138, after ...

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