News & Blog

Congressman crypto
US Congressman Looking to Bring Legitimacy over Crypto 1024 500 Crypto Rand Group

US Congressman Looking to Bring Legitimacy over Crypto

A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets.  On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory…

Beijing Blockchain
Beijing fighting Invoice Fraud with Blockchain 1024 500 Crypto Rand Group

Beijing fighting Invoice Fraud with Blockchain

Following a successful rollout in Shenzhen last year, China’s blockchain invoicing system is being introduced to the capital. On March 2, the Beijing Municipal Office of the State Administration of Taxation announced its decision to launch a city pilot for the blockchain-based system, with immediate activation for taxpayers in selected industries. The platform is a…

Wright court
Craig Wright questioned for Forged Documents on Court 1024 500 Crypto Rand Group

Craig Wright questioned for Forged Documents on Court

Judge Bruce Reinhart has slammed Craig Wright for producing forged documents and giving perjured testimony during the ongoing litigations between Wright and Ira Kleiman during a hearing concerning the Tulip Trust.  Reinhart questioned Wright’s credibility, noting that — in the past — the self-proclaimed Satoshi Nakamoto had openly lied to the court: “Particularly given my…

Crypto coronavirus
Crypto Industry is Fighting Coronavirus 1024 500 Crypto Rand Group

Crypto Industry is Fighting Coronavirus

The crypto community continues to help fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease control command centers. On March 9, Binance Charity announced the completion of the second phase of its philanthropic initiative dubbed “Binance for Wuhan,” wherein the company gave 6 new batches of medical…

Japanese Blockchain
Japanese Logistic Company Developing a Blockchain Transport Network 1024 500 Crypto Rand Group

Japanese Logistic Company Developing a Blockchain Transport Network

A Japanese logistics company is planning to incorporate a blockchain network into a new transportation system to be developed next year. According to an article from the Nikkei newspaper, Nippon Express plans to invest up to 100 billion yen — approximately one billion USD — into a blockchain-based transportation network for pharmaceuticals. The Tokyo-based company…

crypto google
The Crypto Community Against Google Censorship 1024 500 Crypto Rand Group

The Crypto Community Against Google Censorship

A petition taking aim at Google for censoring crypto related content across its platforms is gaining traction on Twitter. #ForkGoogle’s memorandum accuses Google and its subsidiary YouTube of waging “campaigns of suppression against Bitcoin and blockchain industry for years.” The post seeks to inspire a coming together of blockchain companies and stakeholders to push back…

Reserve Bank of India
Reserve Bank Against Bitcoin Trading in India 1200 700 Crypto Rand Group

Reserve Bank Against Bitcoin Trading in India

The Reserve Bank of India (RBI) is planning to file a petition against the recent landmark judgment made by the Supreme Court that nullified the controversial banking ban it imposed on companies transacting in bitcoin and cryptocurrencies. According to a report by The Economic Times on March 6, the Reserve Bank of India is worried…

Bitcoin New York
$50,000 in Bitcoin Mined Every Day in New York 1024 500 Crypto Rand Group

$50,000 in Bitcoin Mined Every Day in New York

A New York power plant turns to Bitcoin mining in a successful bid to increase profitability. Bloomberg reported on Mar. 5 that a power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces. Atlas Holding, the private equity company that owns the facility, installed…

bitcoin south korea
Bitcoin Trading now Legalised in South Korea [Updated] 1024 500 Crypto Rand Group

Bitcoin Trading now Legalised in South Korea [Updated]

In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours. The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee in November last year, will effectively create a framework for the country’s cryptocurrency…

bitcoin germany
Bitcoin is Now a Financial Instrument in Germany 1024 500 Crypto Rand Group

Bitcoin is Now a Financial Instrument in Germany

Bitcoin and cryptocurrencies are now legal financial instruments in Germany, according to the new guidance issued on Monday by the country’s Federal Financial Supervisory Authority or BaFin. “[They are defined] as digital representations of a value that has not been issued or guaranteed by any central bank or public body and is not necessarily linked…

India crypto ban
Crypto Trading Ban Lifted in India 1024 500 Crypto Rand Group

Crypto Trading Ban Lifted in India

India’s Supreme Court on Wednesday overturned central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India  had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual currencies.”…

crypto Twitter
Jack Dorsey’s Lean for Crypto Pushing Him out of Twitter 1024 500 Crypto Rand Group

Jack Dorsey’s Lean for Crypto Pushing Him out of Twitter

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to “people familiar with the matter,” has plans to remove Jack Dorsey as…

microsoft crypto
Microsoft Updates Edge Browser against Illicit Crypto Miners 1024 500 Crypto Rand Group

Microsoft Updates Edge Browser against Illicit Crypto Miners

With malicious crypto miners having proliferated over the internet in the last two years, Microsoft has moved to protect users of its Edge web browser from the effects of the malicious software. In a blog post on Thursday, the tech giant said it had enabled a feature that will spot and prevent the download of…

Blockchain Businesses
Hearing on Benefits of Blockchain for Small Businesses 1024 500 Crypto Rand Group

Hearing on Benefits of Blockchain for Small Businesses

The U.S. House of Representatives Committee on Small Businesses is set to discuss the benefits blockchain technology can bring to entrepreneurs. Slated for March 4 at 16:30 UTC, the “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will explore the ways in which some startups are utilizing blockchain technology to…

Craig Wright Bitcoin
Craig Wright States that it Will Be Easy to Seize Anyone’s Bitcoin 1024 500 Crypto Rand Group

Craig Wright States that it Will Be Easy to Seize Anyone’s Bitcoin

Self-proclaimed Bitcoin creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. On Feb. 26, Bitcoin influencer Peter McCormack published screenshots showing Wright claiming that the first seizure of Bitcoin by courts will happen this year and won’t require private keys. Bitcoin seizure through miner coordination Instead, it will supposedly…