Royal Kingdom Coin Launches Central Site

Royal Kingdom Enterprise announced that it will be implementing innovations as a part of its growth strategy, including the launch of a central website to present all company's services
10 February 2018   545

Royal Kingdom Enterprise is a Middle Eastern startup company registered in Dubai with the decentralized team from all over the world. It has made an official statement announcing that it launches a central site combining all the information spread across various company websites and the new channels of support and exclusive service on February 10 of 2018.

Royal Kingdom Coin is a token created by Royal Kingdom Enterprise. Based on Ethereum ERC20 standard and a smart contract code, it's secured by Ethereum blockchain, doesn't need mining, and has a fixed total supply of 15M RKC.

As announced on our Roadmap by email, Venture Kingdom Exchange will be in scheduled maintenance to improve the system. We will be implementing innovations that are part of our growth strategy.

Royal Kingdom Enterprise Statement

Moreover, the company reported that it will launch a mobile wallet beta, supporting RKC, ETH and customized ERC20 tokens on February 25. Desktop wallet beta launch, supporting RKC, ETH and customized ERC20 tokens is scheduled to be released on March 10 of 2018.

Miners Arrested in 2 Chinese Cities For Power Theft

Six people were detained in Tianjin and two in Wuhan
25 April 2018   58

Bitcoin miners were arrested in two Chinese cities on charges of stealing electricity. This is reported by CoinDesk.

In the first case, 6 people were detained in Tianjin. The suspects used 600 devices for mining bitcoins that were connected to a local substation. The police claim that the connection was made bypassing the counters.

The investigation was initiated after one of the electric power companies discovered a discrepancy between the actual and claimed consumption of electricity.

The police seized all equipment for mining, as well as 8 powerful fans.

Events are taking place while China continues to play a dominant role in the mining of bitcoin, despite the pressure on the cryptocurrencies. As Xinhua notes, this case of electricity theft turned out to be the largest in recent years.

According to another report, which appeared today on the website of the Supreme Prosecutor of China, two more suspects were detained in Wuhan. They also stole electricity.

The detainees used empty stores since March 2017 to house miners and did not pay for electricity, as did the defendants from Tianjin.