Waste Management Firm Launches Blockchain Platform in UAE City

A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA) — the city …

Bitcoin Is Still 50 Percent Undervalued

This interview has been edited and condensed. The author of the “The Bitcoin Big Bang — How Alternative Currencies Are About to Change the World,” Brian Kelly calls himself an optimist when it comes to the future of the cryptocurrencies. CNBC’s prominent commentator, who is also the founder and CEO of digital currency investment firm …

NEO Blockchain Platform Opens Seattle Office Headed by Ex-Microsoft Exec

Chinese blockchain platform NEO will open an office in United States city of Seattle, according to an official announcement shared with Cointelegraph on Feb. 15. The new office will be headed by ex-Microsoft executive John deVadoss. The NEO Global Development (NGD) Seattle office will open and begin recruitment this month, purportedly allowing the company to …

Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto

The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14. Led by Hiroshi Mikitani, the CEO of Japanese e-commerce giant Rakuten, JANE has reportedly sent a proposal request to the country’s financial regulator asking …

Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15. Argo, which is headquartered in London with facilities in Quebec, said it would terminate its Mining-as-a-Service (MaaS) operations by April, focusing solely on direct mining. MaaS …

Canadian Judge Delays Decision on Legal Representation for QuadrigaCX Clients

A Canadian judge has delayed a decision on legal representation for customers of major Canadian cryptocurrency exchange QuadrigaCX. The news was tweeted by Canadian Broadcasting Corporation reporter Jack Julian on. Feb. 14. On Thursday, Feb. 14, the Nova Scotia Supreme Court reportedly brought together over “a dozen” lawyers who represent 115,000 cryptocurrency traders owed around …