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Tag Archives: Government

India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus

The fallout from India’s regulatory position on cryptocurrencies is leading to an exit of talent, businesses and investment from the country’s blockchain space on a scale paralleled only by a prior wave of tech industry flight during the internet boom of the late 90s and early noughties. According to a recent News 18 report, a substantial number of developers, service providers ...

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Attackers Hijack Indian Government Websites to Mine Cryptocurrency

Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates, allows hackers to access victims’ ...

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Hackers Find Goldmine by Cryptojacking Indian Government Websites

As the Indian government further complicates their stance on whether or not citizens should be allowed to trade and own cryptocurrencies, hackers have found a way to exploit government websites in order to make a fortune in cryptocurrency through a popular hack called cryptojacking. A team of security researchers have found that multiple government owned websites are being exploited to ...

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Zimbabwe’s New Finance Minister Advocates Government Cryptocurrency Unit

The newly appointed Finance Minister of Zimbabwe is pushing for the formation of a cryptocurrency unit to help guide government policy relating to the technological and financial innovation. Mthuli Ncube also believes that the nation should pursue investments in the space. Will Zimbabwe Start Buying Cryptocurrency? According to a report in local news publication ItWebAfrica, the newly appointed Zimbabwean Finance Minister, ...

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No Plans to Regulate Cryptocurrency From UK Government

The recent reports regarding the crypto situation in the UK indicate that the country’s government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies. The Consequences of Crypto Price Swings Have yet to Be Determined As cryptocurrencies continue to expand and conquer the world of finances, numerous countries’ governments are ...

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Government Sites in India Among Prime Targets for Cryptojacking, Research Shows

Official government websites have become a prime target for cryptojacking in India, The Economic Times (ET) reports today, September 17. Cryptojacking is the practice of infecting a target with malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. New research from cybersecurity analysts reportedly reveals that widely trusted government websites – including ...

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Waves Platform Negotiating with Malta Government Amidst Growing Relocation Trend

The Waves Project’s CEO, Sasha Ivanov, is engaged in negotiations with the Maltese government in an effort to gain all the proper accreditation in order to run their operations on the island. The news comes amidst a growing trend of cryptocurrency and blockchain companies moving to Malta in order to be in a country with a friendly regulatory environment. ‘Blockchain ...

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Chinese Government to Use Blockchain for Tracking Charity Donations by 2019

China plans to implement blockchain as part of an overhaul of its charity tracking system, the country’s Ministry of Civil Affairs (MCA) revealed in its action plan Monday, September 10. As part of the latest initiative involving the use of blockchain tech at a state level, the MCA’s four-year plan through 2022 pledges to “explore the use of blockchain technology ...

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Chinese Government Accepts Blockchain Records as Evidence in Court

A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court. The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court. The ruling, which came last ...

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Iran Crypto | The Iranian Government Finally Recognizes Cryptocurrency

Iran’s Supreme Cyberspace Council Secretary, Abolhassan Firoozabadi, just revealed that various entities within the country’s government have accepted cryptocurrency mining as an industry. The local news agency IBENA reported the Iran crypto news just this morning. According to this report, Firoozabadi stressed that the mining of crypto has been approved, but a legal framework for the industry has yet to be ...

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