Thailand Revenue Department to Track VAT Payments using Blockchain

In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So …

Korean Firm Aims to Make Blockchain Faster

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to local news outlet Joongnag Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the …

Abu Dhabi Bourse Issues Thought Paper as It Eyes Crypto Transition

Twitter Facebook LinkedIn Abi Dhabi Securities Exchange (ADX) on Tuesday issued a paper on crypto and distributed ledger infrastructure, Emirates News Agency reported. The “thought paper,” according to the $135 billion Bourse, identifies the technical and operational standards required to issue crypto-assets. It specifically assists financial institutions that are undergoing a transition from conventional asset …

Crypto Wallet Blockchain Files Complaint Against Copycat Website

Cryptocurrency web wallet provider Blockchain has filed a complaint in a U.S. federal court alleging attempted deception by a copycat website. In a blogpost, Blockchain — whose website is hosted at blockchain.com — identifies the platform, blockchain.io, as a deliberate impostor that is attempting to rebrand itself in order to continue in its usual insincere …

Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: …

China Ranked Verge, Which Experienced a 51% Attack, in the Same Spot as Bitcoin

Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 22, CCN reported that Verge (XVG), a privacy-focused cryptocurrency, fell victim to yet another 51 percent attack. Altcoin mining pool operator Suprnova revealed that an individual or an organization has invalidated legitimate blocks. Verge Attack “Verge is once again …

A Secure Blockchain Based Trading Platform

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. While cryptocurrencies have managed to gain mainstream relevance within the past few years, the potential of the asset class’ underlying technology, blockchain, was not fully recognized until more recently. …

Litecoin Payments are Quietly Starting to Catch On

Join our community of 10 000 traders on Hacked.com for just $39 per month. One of the main critiques about Bitcoin is the digital currency’s troubles offering timely and cost-effective payments. Charlie Lee, the founder of Litecoin, foresaw Bitcoin’s future payment issues, and took action by designing a more payments-friendly blockchain.  After earning the nickname, …