A Bitcoin enthusiast who describes himself as a “god” who allegedly “steals from the rich and gives to the poor” was arrested in Hong Kong after literally making it rain cash on a street last week.
The man, identified as Wong Ching-kit, is a local entrepreneur who owns a Facebook page called Epoch Cryptocurrency.
A popular actor in Thailand was recently arrested in connection with an alleged Bitcoin scam, worth almost a billion Thai baht worth of cryptocurrency.
Jiratpisit “Boom” Jaravijit, known for TV roles in hit series such as “Bad Romance The Series,” “Nang Ai,” and “Naew Sutthai,” reportedly worked with six others in luring a foreigner from Finland into wiring 787 million Thai baht (about $24 million) in Bitcoin under a promise of starting a digital currency business together.
Thailand’s largest movie theater chain will now accept bitcoin and other digital currencies as forms of payment to buy tickets or even snacks.
Major Cineplex, in partnership with Swiss fintech developer RapidzPay, will establish gateways for customers who prefer to use cryptocurrency as a mode of payment. The latter firm will provide corporate and personal payment solutions using decentralized blockchain platform, according to The Nation.
With cryptocurrency exploding in popularity in recent years, many experts have been summoned by mainstream media to drop their sage wisdom for how newbies can get into crypto investing. This year, Forbes released the world’s first list of the richest people in cryptocurrency, which included early adopters like Brock Pierce, the Winklevoss Twins, and Tim Draper.
But what about regular folks not in the upper echelon of crypto investors? Meet Brenna Sparks, she’s a rising 25-year-old Laotian adult film star who’s racked up quite a fanbase not only because of her content, but for her tech-savvy tips on crypto investing. She was first introduced to Bitcoin in 2009 on the now-defunct online black market Silk Road. She was only 19 at the time.
Sentinel Chain is doing something revolutionary and disruptive for the small scale agricultural farmers of the world. The major problem of small farmers is they have a hard time securing financial services based on current stipulations to generate credit. These small, usually family operated smallholders are a driving force in the largest and most ancient of enterprises, but they need help because they have limited legalized assets. Sentinel Chain intends to provide that relief by building a business to business marketplace that allows the unbanked agricultural community to use livestock as a fungible asset.
“The poor are richer than they think” is the mantra used in Sentinel Chain. What farmers lack in legal recognized capital, they make up in having livestock or ‘dead capital’ which the current financial system does not recognize as a viable asset to obtain financial services like credit and loans. No current financial model has the capacity to recognize livestock as an asset that can used as collateral, and so farmers have a tough time making it through periods of uncertainty. For the poor farmers to unlock their true economic potential, sentinel chain will use blockchain technology to provide registration and insurance for livestock, which would allow the asset to have a clear defined value. By achieving this, the project can:
A VC told me recently that it’s hard for them focus on anything else except for blockchain and crypto companies. Given the excitement around blockchain, digital currencies, bitcoin, and ICOs, I thought it would be interesting to recognize the Asian Americans that are the most influential to the future of blockchain and cryptocurrency.
This is a pretty wild list, including individuals launching their own tokens, to a journalist, to a CEO of a Fortune 500 company, all the way to investors that are making a mark in the space. Read on to learn about innovative and revolutionary token projects as well as how each person is playing an important part in the development of the blockchain and cryptocurrency field.
Following a significant loss of Bitcoin assets due to its second alleged hacking this year, South Korean cryptocurrency exchange Youbit has announced that it is now shutting down and filing for bankruptcy.
The cyber attack, which reportedly caused a loss worth 17% of the exchange’s total assets, has further raised security concerns in local cryptocurrency trading in South Korea, Reuters reports.
Peter Saddington, an entrepreneur and co-founder of VINwiki, proves that you can actually buy ridiculously expensive things like a Lamborghini by using the cryptocurrency Bitcoin.
In his interview in October, Saddington went on to say how his November 2011 investment in Bitcoin got him the luxurious supercar, a second-hand 2015 Lamborghini Huracan.
Indonesian bitcoin owners are now being encouraged to take their profits off their cryptocurrency soon as the government is set to impose a national ban on bitcoin and all forms of cryptocurrency next year.
Bitcoin’s value has recently skyrocketed beyond the $10,000 mark, hitting an all-time high of $11,395 before dropping to low as $9,000 in less than 24 hours on Thursday, Reuters reports.
The Reserve Bank of India (RBI) remains steadfast in its stance on not using bitcoins — or any other cryptocurrency — as a form of payment in the country.
“Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying cryptocurrencies will not end,” Executive Director of RBI, S Ganesh Kumar, said when asked about the matter at the FIBAC banking event, according to Money Control.
Vietnam is banning cryptocurrencies, subjecting offenders to fines and even criminal charges by 2018.
The State Bank of Vietnam (SBV) announced the ban on Saturday just after a private university declared that it accepts Bitcoin payments.
A popular Japanese YouTuber has drawn fury after listing himself on a new financial exchange platform and cashing out $490,000 in bitcoin after a week.
The YouTuber, who goes by the stage name Hikaru, listed himself on Valu, Japan’s latest platform that allows people to raise money by selling shares in themselves. Many participate to get funding for business or personal projects.