“Dream City” International Blockchain Collaboration Between China and ConsenSys
In a world first, the Chinese City of Xiong’an will be home to a blockchain deployment program, transforming the newly-established ‘number-one urban project‘ into a “dream city”, backed by President Xi Jinping.
Read the full article at https://bitcoinnews.com/dream-city-international-blockchain-collaboration-between-china-and-consensys/
Video https://www.youtube.com/watch?v=4iKt6QKsdMI
Topic: BitcoinNews: #1 In Blockchain News - page 30. (Read 4502 times)
Chinese Government Not Withdrawing From $1.6B Blockchain Fund
In the midst of a scandal involving a major partner of the Xiong’an Global Blockchain Innovation Fund, a local news report that claimed the local government will be withdrawing its financial support has been denied by the fund.
Read the full article at https://bitcoinnews.com/chinese-government-not-withdrawing-from-1-6b-blockchain-fund/
Video https://www.youtube.com/watch?v=Gn6CVy94ug0
In the midst of a scandal involving a major partner of the Xiong’an Global Blockchain Innovation Fund, a local news report that claimed the local government will be withdrawing its financial support has been denied by the fund.
Read the full article at https://bitcoinnews.com/chinese-government-not-withdrawing-from-1-6b-blockchain-fund/
Video https://www.youtube.com/watch?v=Gn6CVy94ug0
South Carolina Startups Get Green Light After Operation “Cryptosweep”
The Office of the Attorney General of South Carolina has given the go-ahead for two startups to resume business in the southern US state.
The Securities Division has removed cease-and-desist orders previously served against ShipChain and Genesis Mining for being accused of being in violation of state law as part of “Operation Cryptosweep” launched by the North American Securities Administrators Association earlier this year, as reported by Bitcoin News. The Statement by the Attorney General’s Office stated at the time:
Read full article at https://bitcoinnews.com/south-carolina-startups-get-green-light-after-operation-cryptosweep/
Video https://www.youtube.com/watch?v=6fy1DaZ3JYM
The Office of the Attorney General of South Carolina has given the go-ahead for two startups to resume business in the southern US state.
The Securities Division has removed cease-and-desist orders previously served against ShipChain and Genesis Mining for being accused of being in violation of state law as part of “Operation Cryptosweep” launched by the North American Securities Administrators Association earlier this year, as reported by Bitcoin News. The Statement by the Attorney General’s Office stated at the time:
Read full article at https://bitcoinnews.com/south-carolina-startups-get-green-light-after-operation-cryptosweep/
Video https://www.youtube.com/watch?v=6fy1DaZ3JYM
Bank of Canada Reinvigorates Case for Central Bank Digital Currencies
A paper released by the Bank of Canada has brought forth a positive argument for the implementation of central bank digital currencies (CBDCs).
Published on 26 July 2018, the paper written by the bank’s Senior Economist in the Funds Management and Banking Department, Mohammad R Davoodalhosseini, goes into great detail to emphasize the potential economic welfare gains that a CBDC could have for Canada and the United States.
Read the full article at https://bitcoinnews.com/bank-of-canada-reinvigorates-case-for-central-bank-digital-currencies/
Video https://www.youtube.com/watch?v=W7RpjT3rKVI
A paper released by the Bank of Canada has brought forth a positive argument for the implementation of central bank digital currencies (CBDCs).
Published on 26 July 2018, the paper written by the bank’s Senior Economist in the Funds Management and Banking Department, Mohammad R Davoodalhosseini, goes into great detail to emphasize the potential economic welfare gains that a CBDC could have for Canada and the United States.
Read the full article at https://bitcoinnews.com/bank-of-canada-reinvigorates-case-for-central-bank-digital-currencies/
Video https://www.youtube.com/watch?v=W7RpjT3rKVI
CME to Stick With Bitcoin Before Spreading the Field
CME, the world’s largest exchange operator, says that it is in no rush to list more cryptocurrencies to Bitcoin futures trading at this time.
Read the full article at https://bitcoinnews.com/cme-to-stick-with-bitcoin-before-spreading-the-field/
Video https://www.youtube.com/watch?v=vqFXTrthirM
CME, the world’s largest exchange operator, says that it is in no rush to list more cryptocurrencies to Bitcoin futures trading at this time.
Read the full article at https://bitcoinnews.com/cme-to-stick-with-bitcoin-before-spreading-the-field/
Video https://www.youtube.com/watch?v=vqFXTrthirM
China Continues Sweep of Illegal Crypto Mining
With this month’s dip in the Bitcoin network hash rate as result of heavy floods in the Sichuan province of China, that country has become a focus in the mining community as the government there continues its crackdown on mining.
Read the full article at https://bitcoinnews.com/china-continues-sweep-of-illegal-crypto-mining/
Video https://www.youtube.com/watch?v=ewh7EZ2iayU
With this month’s dip in the Bitcoin network hash rate as result of heavy floods in the Sichuan province of China, that country has become a focus in the mining community as the government there continues its crackdown on mining.
Read the full article at https://bitcoinnews.com/china-continues-sweep-of-illegal-crypto-mining/
Video https://www.youtube.com/watch?v=ewh7EZ2iayU
India Plays with Straight Bat as Law Commission Makes Bitcoin Valid Payment
India’s law reform committee has added virtual currency as a legally accepted payment for settling online transactions.
Law reform decisions are not final but there in an advisory capacity to inform the government. A request was made by the Indian government through the apex court in July 2016 to rule on online gambling.
Read the full article at https://bitcoinnews.com/india-plays-with-straight-bat-as-law-commission-makes-bitcoin-valid-payment/
Video https://www.youtube.com/watch?v=agc7hzFzTFQ
India’s law reform committee has added virtual currency as a legally accepted payment for settling online transactions.
Law reform decisions are not final but there in an advisory capacity to inform the government. A request was made by the Indian government through the apex court in July 2016 to rule on online gambling.
Read the full article at https://bitcoinnews.com/india-plays-with-straight-bat-as-law-commission-makes-bitcoin-valid-payment/
Video https://www.youtube.com/watch?v=agc7hzFzTFQ
So the Indian government is essentially backtracking on its attempt to outlaw crypto by legalizing it as a gambling tool? I'm not too sure this makes sense to me. Either it's too far out there or I just didn't find the logical relation between the two actions.
Just a few weeks ago they were trying to ban it from all banks because it wasn't a legal tender. Maybe one influential individual decided that the only way to transact in India was through bitcoin, so they needed another way to cover their story and decided to cover it this way? Or they just want to find another way to collect tax? Anything is possible in India, isn't it?
HashFlare Restores Bitcoin Mining Contracts
Cloud mining provider HashFlare has announced that it is resuming SHA-256 mining contracts, which can be used to mine Bitcoin, tomorrow on 28 July 2018. This is a major reversal from HashFlare’s decision to halt Bitcoin mining and terminate all contracts on 20 July 2018.
Read full article at https://bitcoinnews.com/hashflare-restores-bitcoin-mining-contracts/
Video https://www.youtube.com/watch?v=b0cUJAejLhM
Cloud mining provider HashFlare has announced that it is resuming SHA-256 mining contracts, which can be used to mine Bitcoin, tomorrow on 28 July 2018. This is a major reversal from HashFlare’s decision to halt Bitcoin mining and terminate all contracts on 20 July 2018.
Read full article at https://bitcoinnews.com/hashflare-restores-bitcoin-mining-contracts/
Video https://www.youtube.com/watch?v=b0cUJAejLhM
Winklevoss Bitcoin Trust ETF Rejected By SEC
Anticipation of the first Bitcoin exchange traded fund (ETF) being approved has helped induce a Bitcoin rally that saw prices climb from USD 6,200 to USD 8,500. The most hyped Bitcoin ETF is one from VanEck and SolidX, but there are other ETFs that have been proposed to the Securities and Exchange Commission (SEC) including the Winklevoss Bitcoin Trust. In a 92-page document dated 26 July 2018, the SEC thoroughly analyzes and rejects the Winklevoss Bitcoin Trust, which might be the reason behind Bitcoin’s drop to USD 7,900 today.
Read the full article at https://bitcoinnews.com/winklevoss-bitcoin-trust-etf-rejected-by-sec/
Video https://www.youtube.com/watch?v=GO4AHGXWsy0
Anticipation of the first Bitcoin exchange traded fund (ETF) being approved has helped induce a Bitcoin rally that saw prices climb from USD 6,200 to USD 8,500. The most hyped Bitcoin ETF is one from VanEck and SolidX, but there are other ETFs that have been proposed to the Securities and Exchange Commission (SEC) including the Winklevoss Bitcoin Trust. In a 92-page document dated 26 July 2018, the SEC thoroughly analyzes and rejects the Winklevoss Bitcoin Trust, which might be the reason behind Bitcoin’s drop to USD 7,900 today.
Read the full article at https://bitcoinnews.com/winklevoss-bitcoin-trust-etf-rejected-by-sec/
Video https://www.youtube.com/watch?v=GO4AHGXWsy0
Samsung Claims Smartphones Provide Best Security for Crypto
Multinational tech conglomerate Samsung has argued that smartphones can provide the best security for cryptocurrency holdings because of the combined efficiency of apps and the presence of the trusted execution environment (TEE).
Read the full article at https://bitcoinnews.com/samsung-claims-smartphones-provide-best-security-for-crypto/
Video https://www.youtube.com/watch?v=VHMqAfBmqZA
Multinational tech conglomerate Samsung has argued that smartphones can provide the best security for cryptocurrency holdings because of the combined efficiency of apps and the presence of the trusted execution environment (TEE).
Read the full article at https://bitcoinnews.com/samsung-claims-smartphones-provide-best-security-for-crypto/
Video https://www.youtube.com/watch?v=VHMqAfBmqZA
VanEck SolidX Bitcoin ETF Decision Could Be Delayed Until 2019
Jake Chervinksy, a legal expert who specializes in government enforcement defense and securities litigation, has done the calculations and says the Securities and Exchange Commission (SEC) has the ability to delay its decision on the BZX Bitcoin exchange-traded fund (ETF) developed by VanEck and SolidX until 4 March 2019.
Read the full article at https://bitcoinnews.com/vaneck-solidx-bitcoin-etf-decision-could-be-delayed-until-2019/
Video https://www.youtube.com/watch?v=M1P8teakzQw
Jake Chervinksy, a legal expert who specializes in government enforcement defense and securities litigation, has done the calculations and says the Securities and Exchange Commission (SEC) has the ability to delay its decision on the BZX Bitcoin exchange-traded fund (ETF) developed by VanEck and SolidX until 4 March 2019.
Read the full article at https://bitcoinnews.com/vaneck-solidx-bitcoin-etf-decision-could-be-delayed-until-2019/
Video https://www.youtube.com/watch?v=M1P8teakzQw
Iran to Launch National Cryptocurrency Within 3 Months
The Deputy of Investment and Management Affairs of the Iranian Directorate for Scientific and Technological Affairs in the President’s Office, Alireza Diliri, has indicated that developing a national cryptocurrency is on the agenda. Government-run IRNA news network said a national cryptocurrency would be launched in the next three months after removing shortcomings, and a national standard cryptographic key had already been developed.
Read the full article at https://bitcoinnews.com/iran-to-launch-national-cryptocurrency-within-3-months/
Video https://www.youtube.com/watch?v=1WocQNS-q8o
The Deputy of Investment and Management Affairs of the Iranian Directorate for Scientific and Technological Affairs in the President’s Office, Alireza Diliri, has indicated that developing a national cryptocurrency is on the agenda. Government-run IRNA news network said a national cryptocurrency would be launched in the next three months after removing shortcomings, and a national standard cryptographic key had already been developed.
Read the full article at https://bitcoinnews.com/iran-to-launch-national-cryptocurrency-within-3-months/
Video https://www.youtube.com/watch?v=1WocQNS-q8o
500,000 Bitcoins Mined by Ex-QIWI CTO in 2011 Using 100,000 Payment Terminals
QIWI CEO Sergey Solonin has revealed that the former chief technical officer (CTO) of the company mined BTC 500,000 using 100,000 payment terminals back in 2011. This might be the most Bitcoin any single person has mined besides Satoshi Nakamoto, the creator of Bitcoin who is estimated to have mined roughly BTC 1.1 million.
Read the full article at https://bitcoinnews.com/500000-bitcoins-mined-by-ex-qiwi-cto-in-2011-using-100000-payment-terminals/
Video https://www.youtube.com/watch?v=HMX82dNRoAQ
QIWI CEO Sergey Solonin has revealed that the former chief technical officer (CTO) of the company mined BTC 500,000 using 100,000 payment terminals back in 2011. This might be the most Bitcoin any single person has mined besides Satoshi Nakamoto, the creator of Bitcoin who is estimated to have mined roughly BTC 1.1 million.
Read the full article at https://bitcoinnews.com/500000-bitcoins-mined-by-ex-qiwi-cto-in-2011-using-100000-payment-terminals/
Video https://www.youtube.com/watch?v=HMX82dNRoAQ
ICOs Only Account for Less Than 2% of Securities Lawsuits
A report released by litigation consultancy firm Cornerstone Research indicates that initial coin offerings (ICOs) account for under 2% of securities class action lawsuits – just 12 of 750 cases.
Read the full article at https://bitcoinnews.com/icos-only-account-for-less-than-2-of-securities-lawsuits/
Video https://www.youtube.com/watch?v=1567pkNWzps
A report released by litigation consultancy firm Cornerstone Research indicates that initial coin offerings (ICOs) account for under 2% of securities class action lawsuits – just 12 of 750 cases.
Read the full article at https://bitcoinnews.com/icos-only-account-for-less-than-2-of-securities-lawsuits/
Video https://www.youtube.com/watch?v=1567pkNWzps
Venezuela Ditching Bolivar Fuerte for Crypto-Backed Sovereign Bolivar
The Venezuelan government is ditching the Bolivar Fuerte fiat currency and replacing it with the Sovereign Bolivar on 20 August 2018, which will apparently be tied to Venezuela’s state cryptocurrency the Petro. This is due to extreme hyperinflation that has made the Bolivar Fuerte practically worthless, to the point that toilet paper is a far more ideal currency than the Bolivar Fuerte. The Bolivar Fuerte is expected to reach 1 million per cent annual inflation by the end of the year according to the International Monetary Fund. At this point the situation in Venezuela can be considered a currency collapse, like post WW1 Germany and more recently in Zimbabwe.
Read the full article at https://bitcoinnews.com/venezuela-ditching-bolivar-fuerte-for-crypto-backed-sovereign-bolivar/
Video https://www.youtube.com/watch?v=3f280rX99E8
The Venezuelan government is ditching the Bolivar Fuerte fiat currency and replacing it with the Sovereign Bolivar on 20 August 2018, which will apparently be tied to Venezuela’s state cryptocurrency the Petro. This is due to extreme hyperinflation that has made the Bolivar Fuerte practically worthless, to the point that toilet paper is a far more ideal currency than the Bolivar Fuerte. The Bolivar Fuerte is expected to reach 1 million per cent annual inflation by the end of the year according to the International Monetary Fund. At this point the situation in Venezuela can be considered a currency collapse, like post WW1 Germany and more recently in Zimbabwe.
Read the full article at https://bitcoinnews.com/venezuela-ditching-bolivar-fuerte-for-crypto-backed-sovereign-bolivar/
Video https://www.youtube.com/watch?v=3f280rX99E8
BitMain Discloses In-House Mining Hash Rate
Bitmain, the largest Bitcoin mining equipment manufacturer in the world, is now disclosing its in-house mining operation’s hash rate to the public in real time. This is possibly to quell speculation and allegations that Bitmain controls so much hash rate that they could 51% attack the Bitcoin network, and also to increase transparency ahead of its initial public offering (IPO) on the stock market.
Read the full article at https://bitcoinnews.com/bitmain-discloses-in-house-mining-hash-rate/
Video https://www.youtube.com/watch?v=nhL216YHfaE
Bitmain, the largest Bitcoin mining equipment manufacturer in the world, is now disclosing its in-house mining operation’s hash rate to the public in real time. This is possibly to quell speculation and allegations that Bitmain controls so much hash rate that they could 51% attack the Bitcoin network, and also to increase transparency ahead of its initial public offering (IPO) on the stock market.
Read the full article at https://bitcoinnews.com/bitmain-discloses-in-house-mining-hash-rate/
Video https://www.youtube.com/watch?v=nhL216YHfaE
Antigua Offers Citizenship for 12 Bitcoins
Antigua and Barbuda’s Citizenship by Investment Program Act has been amended to now allow individuals to pay for its citizenship with Bitcoin or other cryptocurrencies.
Previously, the only path to purchasing citizenship was by spending USD 100,000; this currently translates to just over BTC 12. To avoid any issues regarding market volatility, cryptocurrency payments would be converted each day to USD to prevent any financial losses.
Read the full article at https://bitcoinnews.com/antigua-offers-citizenship-for-12-bitcoins/
Video https://www.youtube.com/watch?v=2lTnb91xsII
Antigua and Barbuda’s Citizenship by Investment Program Act has been amended to now allow individuals to pay for its citizenship with Bitcoin or other cryptocurrencies.
Previously, the only path to purchasing citizenship was by spending USD 100,000; this currently translates to just over BTC 12. To avoid any issues regarding market volatility, cryptocurrency payments would be converted each day to USD to prevent any financial losses.
Read the full article at https://bitcoinnews.com/antigua-offers-citizenship-for-12-bitcoins/
Video https://www.youtube.com/watch?v=2lTnb91xsII
German Bundesliga Joins English Football in Opening Doors to Crypto
Bundesliga top-flight German football club Hamburg SV has found a new partner in Fintech Powerhouse NAGA for the 2018/19 season.
As blockchain and cryptocurrency find its way into football as recently highlighted by English Premiership’s Wolves latest move in signing cryptocurrency exchange CoinDeal as its sleeve sponsor, now German clubs are getting in on the act.
Read the full article at https://bitcoinnews.com/german-bundesliga-joins-english-football-in-opening-doors-to-crypto/
Video https://www.youtube.com/watch?v=y4cXNZeRU-g
Bundesliga top-flight German football club Hamburg SV has found a new partner in Fintech Powerhouse NAGA for the 2018/19 season.
As blockchain and cryptocurrency find its way into football as recently highlighted by English Premiership’s Wolves latest move in signing cryptocurrency exchange CoinDeal as its sleeve sponsor, now German clubs are getting in on the act.
Read the full article at https://bitcoinnews.com/german-bundesliga-joins-english-football-in-opening-doors-to-crypto/
Video https://www.youtube.com/watch?v=y4cXNZeRU-g
Growing Urgency for South Korean Crypto Legislation Approval
Hong Seong-ki, head of the virtual currency response team at South Korea’s Financial Services Commission (FSC), has called for lawmakers to quickly pass the first cryptocurrency bill in the country over security and money-laundering fears.
Read full article at https://bitcoinnews.com/growing-urgency-for-south-korean-crypto-legislation-approval/
Video https://www.youtube.com/watch?v=KEJqgb6sTMU
Hong Seong-ki, head of the virtual currency response team at South Korea’s Financial Services Commission (FSC), has called for lawmakers to quickly pass the first cryptocurrency bill in the country over security and money-laundering fears.
Read full article at https://bitcoinnews.com/growing-urgency-for-south-korean-crypto-legislation-approval/
Video https://www.youtube.com/watch?v=KEJqgb6sTMU
New Japan Internal Regulator Flexes Muscles, Limits Margin Trading Loans
The recently-formed Japan Virtual Currency Exchange Association (JVCEA) is proposing to set a limit on margin trading loans. Margin trading is the process of borrowing money from a broker to trade in cryptocurrency when the investor or trader has insufficient funds to do so.
Read the full article at https://bitcoinnews.com/new-japan-internal-regulator-flexes-muscles-limits-margin-trading-loans/
Video https://www.youtube.com/watch?v=vmRhv8TS3Ak
The recently-formed Japan Virtual Currency Exchange Association (JVCEA) is proposing to set a limit on margin trading loans. Margin trading is the process of borrowing money from a broker to trade in cryptocurrency when the investor or trader has insufficient funds to do so.
Read the full article at https://bitcoinnews.com/new-japan-internal-regulator-flexes-muscles-limits-margin-trading-loans/
Video https://www.youtube.com/watch?v=vmRhv8TS3Ak
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