The crypto markets have been something of a rollercoaster ride recently, with the price of Bitcoin recently tumbling to its lowest level since October 2018. But despite the doom and gloom, enthusiasm and optimism about cryptocurrencies’ potential remain – so much so that one expert predicts Bitcoin will rally back to $15,000 by the end of the year. One thing that has stood in the way of crypto’s growth as a dominant worldwide force is how it has struggled to transcend cultural and linguistic barriers in certain countries. According to Biztranex, a crypto trading platform, this is the case in …

The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years, local news outlet Viet Nam News reported Oct. 25. The Viettel Enterprise Solutions Corporation is a development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group. The Viettel Enterprise Solutions Corporation was established earlier in October to focus on providing information and communication technology solutions to the governmental and commercial sectors, and to assist in building a digital government. Speaking at a workshop called “Blockchain at Viettel,” the company’s deputy general director Ngô Vĩnh Quý reportedly said that Viettel is …

South Korean police have raided the office of a local firm whose alleged crypto scam promised investors the spoils of a sunken Russian warship, The Korea Herald reported August 7. The Seoul Metropolitan Police Agency reportedly sent 27 investigators from its white collar unit to to collect evidence from the premises of Shinil Group in Yeouido, western Seoul, and seven other locations on Tuesday. In mid-July, Shinil had released submarine footage of what it claimed was the wreckage of the Dmitrii Donskoi, an armored Russian cruiser that sank in 1905 in the midst of the Russo-Japanese war, alleging it had …

The CEO of Vietnamese cryptocurrency mining firm Sky Mining has reportedly disappeared with investor and company funds worth an alleged $35 million, local media outlet VNExpress reported July 29. According to VNExpress, Sky Mining CEO Le Minh Tam disappeared a week ago, appearing to organize a cleanout of company assets. VNExpress notes that Sky Mining CEO Tam — although he has not been found in person — apologized for “everything” to investors in a Facebook post on Wednesday, explaining that the company’s profitability had fallen with the market’s volatility. Tam told investors to go to the company office in order …

The Vietnamese central bank, the State Bank of Vietnam (SBV) announced it will suspend the import of cryptocurrency mining hardware, according to local news agency Viet Nam News July 19. The move followed an official request from the Ministry of Industry and Trade (MoIT), which suggested a temporary ban of imports of crypto mining machines, the volume of which reportedly amounted to 15,600 units from 2017 to April 2018. Most of the units were imported through Hanoi, Ho Chi Minh City, and Da Nang. Deputy Prime Minister Trinh Dinh Dung had previously directed the MoIT, the SBV, and the Ministry …

Vietnam’s Ministry of Finance (MoF) has proposed a temporary blanket ban on crypto mining hardware imports, local news outlet VN Express reports today, June 5. The MoF reportedly raised the proposal on Monday, alleging that crypto mining hardware can be used to launch new digital currencies that are “very difficult to regulate.” VN Express cites recent figures from the Ministry showing that in the first four months of 2018 alone, over 6,300 cryptocurrency mining rigs have already been imported into the country. Compared with 2017’s total of 9,300 rigs, the year’s surge was noted by Vietnamese Customs, The Hanoi Times …

Vietnam's first and leading Bitcoin broker Bitcoin Vietnam Co. Ltd. announces the launch of its new 'Bitcoin Vietnam Wallet' functionality. Ho-Chi-Minh City-based Bitcoin broker Bitcoin Vietnam Co. Ltd. announced today the official release of its new wallet functionality, a product that enables users to store their funds directly on its platform. According to a press release sent to Cointelegraph, the wallet functionality aims to enable Bitcoin users and newbies to take advantage of Bitcoin Vietnam's "sophisticated and secure multi-level storage system." Further, the function allows users to make instant and secure off-chain transactions to other users of Bitcoin Vietnam, as …