ICO issues the first fines to organisations who have not paid the data protection fee

Organisations across the business services, construction and finance sectors are among the first to be fined by the ICO for not paying the data protection fee. All organisations, companies and sole traders that process personal data must pay an annual fee to the ICO unless they are exempt. Fines for not paying can be up to a maximum of £4,350. This follows regulations which came into force alongside the new Data Protection Act on 25 May 2018. These first organisations have been fined for not renewing their fees following their…

Investors in US Market Paid $39,000 to Buy Bitcoin at Peak Using GBTC

Twitter Facebook LinkedIn In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, a product called the Bitcoin Investment Trust (GBTC) offered by Grayscale Investment, a subsidiary of Digital Currency Group (DCG) exists that allows retail investors to invest in Bitcoin through the same account used in the stock market and other public markets. $39,000 Per BTC Every share of GBTC, an investment vehicle listed on OTC Markets, an American financial market providing price and liquidity…

India’s Biggest Private Company Gets Paid on a Blockchain

Twitter Facebook LinkedIn Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, a press release from HSBC India confirmed. Corda’s blockchain platform is described by the press release as a “single shared application, rather than requiring multiple isolated digital systems across various counterparties, located…

A Business School In Paris Is Getting Paid In Bitcoin To Teach Blockchain

As the campaign for mass adoption of cryptocurrencies intensifies, various institutions and enterprises are making a move to capitalize on the opportunity to play a part in the process. The latest entrants into this crypto space are schools, and most precisely institutions of higher learning. Financia Business School is a Paris-based learning institution that offers various business-related degree courses. Learners can also earn their MBAs there. Crypto Revolution: Catching Up With The Wave Founded back in 2014, Financia Business School has made quick steps to catch up with the evolving…

Crypto Collectible Game Announces New Battles. Players Get Paid If They Win

The crypto collectible game, Blockchain Cuties, has announced Raid Boss Battles, a new everyday server event. The game promises winners will get unique ERC-20 CUTE tokens as rewards, according to their input in winning. New game features In the new battle, there is one common enemy which is a Raid Boss, a special powerful Cutie who has unique abilities. All of the players (the main requirement for them is to be level 5+ Cuties) will be able to stand against the foe. The Raid Boss can be an Ancient Black…

Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro

Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5. Ahead of Petro’s official “launch” in November, Rodriguez confirmed that as of Monday, Oct. 8, fees for all passport applications will only be payable in Petro, and will cost an increased amount: 2 petros for a new passport and 1 petro for an extension. The average monthly minimum wage in Venezuela, Bloomberg reports, is four times less than the…

CoinMarketCap Launches ‘Professional’ Paid API For Developers and Funds

Crypto data tracker CoinMarketCap.com (CMC) has launched a professional, paid API targeting developers and funds, according to an official announcement published August 1. The new product reportedly aims to serve as a key “pipeline” that will provide accurate and differentiated data for developers and funds across crypto product prices, market capitalization, conversions, and trading pair data aggregated from multiple exchanges. According to CMC’s announcement, the new features offered come at a fee, and are tiered between “hobbyist” access that starts from $79 per month to a “professional” contract that starts from…