- EOS Mainnet Goes Live as Block Producer Voting Passes 15% Threshold
- Montana County Delays Bitcoin Mining Ban, Admits ‘We Don’t Understand’ It
Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 21. (Read 2256 times)
Walmart Patent Eyes Crypto Payments for Power Supply Precision
Retail giant Walmart is exploring a way to let households manage their electricity bills using cryptocurrency – a concept it says could potentially lead to increased efficiency and lower prices.
According to a patent application filed by Walmart in December 2017 and revealed on Thursday by the U.S. Patent and Trademark Office, the company is developing a system that would connect household devices and electricity providers over a public blockchain.
https://www.coindesk.com/walmart-patent-eyes-crypto-payments-for-power-supply-precision/
Retail giant Walmart is exploring a way to let households manage their electricity bills using cryptocurrency – a concept it says could potentially lead to increased efficiency and lower prices.
According to a patent application filed by Walmart in December 2017 and revealed on Thursday by the U.S. Patent and Trademark Office, the company is developing a system that would connect household devices and electricity providers over a public blockchain.
https://www.coindesk.com/walmart-patent-eyes-crypto-payments-for-power-supply-precision/
Ripple Pledges $2 Mln For Texas University's Blockchain Technology Research
The University of Texas at Austin has announced research on blockchain technology, sponsored by Ripple.
The San Francisco-based distributed ledger technology startup has pledged $2 million to fund the research by McCombs School of Business's Blockchain Initiative over the next five years.
Read more: http://www.rttnews.com/story.aspx?Id=2905561
Montana County Delays Decision on Bitcoin Mining Suspension
A county in the U.S. state of Montana that is weighing whether it should halt new and expanded bitcoin mining initiatives now won't make a final decision until at least August.
The Missoula County Commission held a public hearing on Thursday aimed to decide on a proposed one-year suspension of new mining initiatives, but postponed the ruling as it was decided that more information is needed to address relevant concerns, according to the Missoulian.
https://www.coindesk.com/montana-county-delays-decision-on-bitcoin-mining-suspension/
A county in the U.S. state of Montana that is weighing whether it should halt new and expanded bitcoin mining initiatives now won't make a final decision until at least August.
The Missoula County Commission held a public hearing on Thursday aimed to decide on a proposed one-year suspension of new mining initiatives, but postponed the ruling as it was decided that more information is needed to address relevant concerns, according to the Missoulian.
https://www.coindesk.com/montana-county-delays-decision-on-bitcoin-mining-suspension/
The NSA helped to invent Bitcoin, founder of world’s second largest cryptocurrency Ethereum claims
The founder the world’s second-biggest cryptocurrency has claimed US intelligence services may have played a role in the creation of Bitcoin. Vitalik Buterin, the Russian-born creator of Ethereum, suggested the National Security Agency (NSA) was involved in the development of the virtual currency.
https://metro.co.uk/2018/06/15/nsa-helped-invent-bitcoin-founder-worlds-second-largest-cryptocurrency-ethereum-claims-7631719/
A Real-Time Fight Over Shitty Art Is Becoming a Big Deal for Bitcoin
A bird? A plane? No, that's just a giant penis spouting flaming bitcoin.
Such is the canvas at Satoshi's Place, a web app that allows savvy users to create digital pictures by sending small amounts of bitcoin. In the weeks since its release, the graffiti tool has become the site of territorial battles of pixel-space, with tribes of every description, from national flags, to cryptocurrency insignias, to companies, all competing for a patch of digital property.
https://www.coindesk.com/a-real-time-fight-over-shitty-art-is-becoming-a-big-deal-for-bitcoin/
A bird? A plane? No, that's just a giant penis spouting flaming bitcoin.
Such is the canvas at Satoshi's Place, a web app that allows savvy users to create digital pictures by sending small amounts of bitcoin. In the weeks since its release, the graffiti tool has become the site of territorial battles of pixel-space, with tribes of every description, from national flags, to cryptocurrency insignias, to companies, all competing for a patch of digital property.
https://www.coindesk.com/a-real-time-fight-over-shitty-art-is-becoming-a-big-deal-for-bitcoin/
BitLicense #6: New York Grants Cryptocurrency License to Bitcoin Wallet Xapo
Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator.
In an announcement on Thursday, the New York Department of Financial Services (NYDFS)’s superintendent Maria T. Vullo said the authority is furthering “New York’s continued commitment to creating a thriving, global fintech marketplace” by granting its BitLicense to Xapo, a bitcoin wallet and cold storage service headquartered in Switzerland.
In doing so, the New York regulator has granted its sixth-ever BitLicense, a formal approval to operate in the state of New York, after approving the first BitLicense to industry startup Circle in September 2015.
https://www.ccn.com/bitlicense-6-new-york-grants-cryptocurrency-license-to-bitcoin-wallet-xapo/
Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator.
In an announcement on Thursday, the New York Department of Financial Services (NYDFS)’s superintendent Maria T. Vullo said the authority is furthering “New York’s continued commitment to creating a thriving, global fintech marketplace” by granting its BitLicense to Xapo, a bitcoin wallet and cold storage service headquartered in Switzerland.
In doing so, the New York regulator has granted its sixth-ever BitLicense, a formal approval to operate in the state of New York, after approving the first BitLicense to industry startup Circle in September 2015.
https://www.ccn.com/bitlicense-6-new-york-grants-cryptocurrency-license-to-bitcoin-wallet-xapo/
Coinbase Sends Cease-and-Desist Letter to Startup Tokenizing Its Shares
Privately-held industry giant Coinbase has sent a cease-and-desist letter to cryptocurrency startup Swarm for the latter’s attempt to tokenize and sell the San Francisco cryptocurrency exchange operator’s shares.
https://www.ccn.com/coinbase-sends-cease-and-desist-letter-to-startup-tokenizing-its-shares/
Privately-held industry giant Coinbase has sent a cease-and-desist letter to cryptocurrency startup Swarm for the latter’s attempt to tokenize and sell the San Francisco cryptocurrency exchange operator’s shares.
https://www.ccn.com/coinbase-sends-cease-and-desist-letter-to-startup-tokenizing-its-shares/
In huge win for cryptocurrency, SEC says bitcoin and ether aren't securities
The world of cryptocurrency just got some much needed good news.
With the prices of bitcoin and ether on a steady downward trend, the Securities and Exchange Commission today provided hodlers with a flash of hope: Neither of the cryptocurrencies are considered securities.
Read more: https://mashable.com/2018/06/14/bitcoin-ether-not-security-sec/?europe=true&utm_campaign=Feed%3A+Mashable+%28Mashable%29&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_source=feedburner&utm_medium=feed#IaWFd5C4giqI
The EOS Blockchain Is Now Live
The EOS blockchain is now live.
What was perhaps one of the most hotly anticipated blockchain launches, after the company that developed its software, Block.one raised more than $4 billion during an almost year-long initial coin offering (ICO), is finally live as of 18:46 UTC on June 14.
https://www.coindesk.com/the-eos-blockchain-is-now-live/
The EOS blockchain is now live.
What was perhaps one of the most hotly anticipated blockchain launches, after the company that developed its software, Block.one raised more than $4 billion during an almost year-long initial coin offering (ICO), is finally live as of 18:46 UTC on June 14.
https://www.coindesk.com/the-eos-blockchain-is-now-live/
SEC official: Ether is not a security
Speaking on Thursday at Yahoo Finance's All Markets Summit in San Francisco, U.S. Securities and Exchange Commission director of Corporate Finance William Hinman said that digital token ether is not a security.
Why it matters: The digital currency industry has been awaiting for more regulatory clarity for some time, particularly around widely popular cryptocurrencies like ether and bitcoin. SEC chairman Jay Clayton recently said that the latter is akin to a currency, much to the relief of the industry.
Read more: https://www.axios.com/sec-official-ether-is-not-a-security-928bd2ee-0891-4903-a12e-4457e617b4c7.html
Steve Bannon May be Eyeing a Move into the ICO Space
Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview.
In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings with investors and hedge funds about initial coin offerings (ICOs) in relation to his investment firm Bannon & Company.
https://www.coindesk.com/steve-bannon-may-be-eyeing-a-move-into-the-ico-space/
Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview.
In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings with investors and hedge funds about initial coin offerings (ICOs) in relation to his investment firm Bannon & Company.
https://www.coindesk.com/steve-bannon-may-be-eyeing-a-move-into-the-ico-space/
ICOs are Securites, ‘Don’t Know How Much More Clear I Can Be’: SEC Chairman
The SEC held a public forum on June 13, “Investing In America: Atlanta Town Hall Meeting.” The town hall was highly anticipated because regulators planned on speaking about cryptocurrency regulations and innovation. The session was open to the public and streamed live on the SEC website.
The discussions reaffirmed that the agency wants to welcome innovation with blockchain technology but is also extremely cautious toward fraud, especially as it relates to retail or individual investors. The stance on ICOs was also the same — that they are securities — though no token or coin was mentioned by name.
Speakers set a general tone that nearly all investment types, outside of cryptocurrency, are increasing in complexity and technological advances, and the agency is improving their own data and technology to keep up and improve security.
https://www.ccn.com/icos-are-securites-dont-know-how-much-more-clear-i-can-be-sec-chairman/
The SEC held a public forum on June 13, “Investing In America: Atlanta Town Hall Meeting.” The town hall was highly anticipated because regulators planned on speaking about cryptocurrency regulations and innovation. The session was open to the public and streamed live on the SEC website.
The discussions reaffirmed that the agency wants to welcome innovation with blockchain technology but is also extremely cautious toward fraud, especially as it relates to retail or individual investors. The stance on ICOs was also the same — that they are securities — though no token or coin was mentioned by name.
Speakers set a general tone that nearly all investment types, outside of cryptocurrency, are increasing in complexity and technological advances, and the agency is improving their own data and technology to keep up and improve security.
https://www.ccn.com/icos-are-securites-dont-know-how-much-more-clear-i-can-be-sec-chairman/
Bitcoin.org Redesign Goes Live, Removes References to Pro-SegWit2x Companies
Bitcoin.org launched a new website design on and has removed references and links to certain partners, including BitPay, Coinbase, and Blockchain.
The argument for removing these large players, who have helped with increasing adoption for new users, is that they act against decentralized principles. As CCN reported, the bitcoin.org blog published a post that ‘denounced’ Segwit2x, which was came during the intense debate as part of the New York Agreement. The post, in no uncertain terms, vehemently criticized S2X and called out 51 companies by name that support the protocol.
The post followed a lengthy disussion on a Github issue (opened on October 4, 2017) that recommended the bitcoin.org website remove companies that defaulted to Segwit2x. Thus, the website did indeed take the recommendation in the design overhaul.
The outcome of the discussions culminated in a litmus test for companies that support S2X in ‘tolerable’ ways. These points are:
The company will not under any circumstances list “Segwit2x” as “BTC” and/or “Bitcoin”. Note that Bitcoin is not ruled by miners, and miner actions cannot be used as a justification to redefine Bitcoin.
The company will not by default do anything that would deprive users of their bitcoins (by eg. using S2X software without addressing replay attacks2, selling user bitcoins automatically, crediting BTC deposits only as S2X deposits, etc.). Providing access to S2X-coins is acceptable, however.
The company will continue to provide normal service to Bitcoin (ie. non-S2X) users.
https://www.ccn.com/bitcoin-org-redesign-goes-live-removes-references-to-pro-segwit2x-companies/
Bitcoin.org launched a new website design on and has removed references and links to certain partners, including BitPay, Coinbase, and Blockchain.
The argument for removing these large players, who have helped with increasing adoption for new users, is that they act against decentralized principles. As CCN reported, the bitcoin.org blog published a post that ‘denounced’ Segwit2x, which was came during the intense debate as part of the New York Agreement. The post, in no uncertain terms, vehemently criticized S2X and called out 51 companies by name that support the protocol.
The post followed a lengthy disussion on a Github issue (opened on October 4, 2017) that recommended the bitcoin.org website remove companies that defaulted to Segwit2x. Thus, the website did indeed take the recommendation in the design overhaul.
The outcome of the discussions culminated in a litmus test for companies that support S2X in ‘tolerable’ ways. These points are:
The company will not under any circumstances list “Segwit2x” as “BTC” and/or “Bitcoin”. Note that Bitcoin is not ruled by miners, and miner actions cannot be used as a justification to redefine Bitcoin.
The company will not by default do anything that would deprive users of their bitcoins (by eg. using S2X software without addressing replay attacks2, selling user bitcoins automatically, crediting BTC deposits only as S2X deposits, etc.). Providing access to S2X-coins is acceptable, however.
The company will continue to provide normal service to Bitcoin (ie. non-S2X) users.
https://www.ccn.com/bitcoin-org-redesign-goes-live-removes-references-to-pro-segwit2x-companies/
Digital Jersey Signs MOU with Binance to Establish Crypto Exchange in Jersey
https://cointelegraph.com/news/digital-jersey-signs-mou-with-binance-to-establish-crypto-exchange-in-jersey
Japanese Police Investigate Cryptojacking Case Involving Coinhive Monero Mining Software
https://cointelegraph.com/news/japanese-police-investigate-cryptojacking-case-involving-coinhive-monero-mining-software
https://cointelegraph.com/news/digital-jersey-signs-mou-with-binance-to-establish-crypto-exchange-in-jersey
Japanese Police Investigate Cryptojacking Case Involving Coinhive Monero Mining Software
https://cointelegraph.com/news/japanese-police-investigate-cryptojacking-case-involving-coinhive-monero-mining-software
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