Cointelligence Blog

The local Dubai government recently confirmed the launch of the world’s very first state-sponsored cryptocurrency. The digital tokens, emCash, will be made available to all citizens of the United Arab Emirates (UAE). The tokens can be used to pay for all services, governmental as well as non-governm...

Bithumb, a South Korean trading platform, unveiled their brand new cryptocurrency, Zcash.

Governments across the globe have already expressed interest in issuing their very own digital currency. Banks worldwide have also expressed enthusiasm in using what blockchain technology has to offer. Russia, however may prove to be a world leader in this regard.

Malicious attackers recently managed to infiltrate and disrupt the Etherparty Initial Coin Offering (ICO). The hackers hijacked Etherparty’s website this last Sunday and displayed their own Ethereum address, which misled many ICO participants to send money to the wrong ICO wallets.

South Korea has stated that the country will conduct an on-site inspection of its bitcoin exchanges to ensure that they take proper cybersecurity measures to protect customer assets.

The recent report, released by Friedman LLP, may have quelled the rumors of the insolvency of Tether, however the issue of Tether being used for illicit activities is still a big concern.

SPiCE VC is set to launch an ICO in November for its SPiCE ERC20 coins, which will use the Bancor protocol to provide immediate liquidity to all who invest in it. The SPiCE tokens are based on Ethereum.

According to Quartz, Fidelity has set up a small cryptocurrency operation inside its asset management department; this department is related to making money for the company.

A third fork in the blockchain technology Bitcoin is reported to occur in October, adding Bitcoin Gold to Bitcoin and Bitcoin Cash.

The Kingdom of Bahrain is a constitutional monarchy which consists of over 30 islands situated in the Persian Gulf. If this region decides to embrace bitcoin and other blockchain technologies, this region could soon become the new hub of financial technology.