Government

Baltic Finance Ministries Decide to Support Blockchain Technology Development

7 days ago 7ring 0
The finance ministries of the Baltic states have expressed their support to the development of Blockchain or distributed ledger technologies (DLT). The aim is to help in the advancement of capital market innovations. In their recent Memorandum of Understanding (MOU), the ministries for Estonia, Latvia and Lithuania have announced their cooperation on several actions aimed Read More

UN Partners WIN to Fight Child Trafficking With Blockchain

7 days ago 7ring 0
The United Nations (UN) has partnered with the World Identity Network (WIN) to create a Blockchain-based digital identity system to help fight child trafficking around the world. The partners have already launched a pilot test of the system as of mid-November 2017. The partners announced the launching of the pilot program at the Humanitarian Blockchain Read More

China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges

2 weeks ago 7ring Comments Off on China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges
Finance After shutting down the country’s bitcoin exchanges, the Chinese government is monitoring the booming cryptocurrency over-the-counter (OTC) market. A recent government report shows that 680 million yuan, approximately $103 million, were traded in the last two weeks of October on the top three international OTC trading platforms. Also read: China May Try to Block All Read More

Saudi Arabia arrests Billionaire Prince – Could Uncertainty Boost Bitcoin?

2 weeks ago 7ring Comments Off on Saudi Arabia arrests Billionaire Prince – Could Uncertainty Boost Bitcoin?
Political uncertainty in the Middle East has risen to an all-time high, with Saudi Arabia arresting the richest Arab in the world, Prince Alwaleed bin Talal. Could this result in a shift to Bitcoin, the digital safe haven, in the Middle East? Saudi Arabia’s crackdown Saudi Arabia has initiated a sweeping crackdown, ostensibly against corruption, Read More

Iranian Government Plans New Infrastructure for Bitcoin Users

2 weeks ago 7ring Comments Off on Iranian Government Plans New Infrastructure for Bitcoin Users
In positive news for Bitcoin users, the Iranian government plans to implement a new infrastructure for Bitcoin users in Iran. Tensions between Iran and the US Bitcoin is known to start with countries in the west and as the tension rise between Iran and the US, the former is strategizing to incorporate Bitcoin into its Read More