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Circle Expands to Bermuda, Praises Pro-Crypto Island Government

Circle announced today that it will be expanding its regulated services to Bermuda, using its new position in the island nation to service its global audience. Circle cited Bermuda’s pro-crypto regulatory environment as a primary motivation for expanding to the island nation. According to the announcement:“While many governments around the

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Chinese Government Blockchain Standardized Certification Received by Lenovo, Alipay, and Aelf

While most governments around the world are guarded against the challenge of cryptocurrencies and blockchain technology, surprisingly, the Chinese Government, though vehemently against cryptocurrencies, regards Blockchain technology with a positive view. Since 2017, the China Electronics Technology Standardization Institute (CESI) has been conducting Standard Blockchain System Function Test in order

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Indian Crypto Exchange Cryptokart Shuts Down as India’s Government Goes Anti-Crypto

Another India-based cryptocurrency exchange, Cryptokart, is shutting its doors after anti-crypto maneuvers of the Indian government.The crypto industry has hit a major hurdle in India since the law to ban virtual currencies has been proposed. The draft titled Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 stipulated

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UK Government Takes on Dirty Money in the Crypto Market with New Economic Crime Plan

From the year 2020 going forward, the United Kingdom government will attempt to make the UK very unsafe for criminal economic activities. This was disclosed in the newly-curated Economic Crime Plan that would take effect next year. Crypto, not surprisingly, is part of the plan as well.The move to partner

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Bitcoin (BTC) Cracking As Government Drums For Regulation

Bitcoin (BTC) is down 14.8 percentSteven Mnuchin is calling for cryptocurrency oversight and complianceEventual regulation of cryptocurrencies in the US, following Steven Mnuchin presser, could have far-reaching consequences on Bitcoin and cryptocurrencies. In the meantime, BTC is on edge and may slide to $9,500.Bitcoin Price AnalysisFundamentalsFrom launch, Bitcoin is considered

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Brazilian State Launches Blockchain Platform for Government Contract Bids

In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12.The blockchain-based solution, called Online Bid Solution (SOL) was reportedly developed by Cayenne Technology and Design. Bids will reportedly

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Phillipine Government Tech Department Signs Deal With Blockchain Firm

The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19.The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant

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Rhode Island Solicits Proposals for Blockchain Solutions in Government

The Rhode Island Department of Administration/Division of Purchase in the United States has issued a public solicitation for blockchain solutions via proof-of-concept proposals, according to official documentation published on May 31.The department is particularly seeking proposals from “qualified firms” that aim to “further the State’s goal of becoming more

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