Bank of Queensland Rules Out Crypto Purchases With Mortgage Funds
An Australian retail bank has revised its contract terms to prohibit borrowers from using loans such as mortgages to purchase cryptocurrency.
According a report from Australia Finance Review on Thursday, Bank of Queensland, which is publicly traded on Australia's stock exchange and one of the country's oldest retail banks, has confirmed the change of the loan agreements, which now state that "any loan purpose that involves the acquisition of or usage of cryptocurrency is unacceptable".
https://www.coindesk.com/bank-of-queensland-rules-out-crypto-purchases-with-mortgage-funds/
Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 8. (Read 2256 times)
World Cup: Chinese Police Crack Down on $1.5 Billion Bitcoin Gambling Ring
Chinese police in the city of Guangdong have arrested hundreds of individuals involved in online gambling platforms that facilitated betting with $1.5 billion in cryptocurrencies including bitcoin.
A sweeping law enforcement operation involving 21 public security authorities in Guangdong has cracked down on organized football gambling during the ongoing football World Cup, resulting in the arrests of some 540 individuals suspected of organizing online gambling rings. Gambling is illegal under Chinese law and the very act of participating in online gambling or facilitating/opening a gambling platform brings criminal liabilities.
In an announcement, the Guangdong Provincial Public Security Department narrowed down on a specific unnamed online gambling platform that facilitated over RMB 10 billion ($1.5 billion) in cryptocurrency betting. The gambling platform promised support for betting in Bitcoin, Ethereum’s Ether token and Litecoin, the announcement said.
In the 8 months since its launch, the gambling platform attracted over 330,000 members.
https://www.ccn.com/world-cup-chinese-police-crack-down-on-1-5-billion-bitcoin-gambling-ring/
Chinese police in the city of Guangdong have arrested hundreds of individuals involved in online gambling platforms that facilitated betting with $1.5 billion in cryptocurrencies including bitcoin.
A sweeping law enforcement operation involving 21 public security authorities in Guangdong has cracked down on organized football gambling during the ongoing football World Cup, resulting in the arrests of some 540 individuals suspected of organizing online gambling rings. Gambling is illegal under Chinese law and the very act of participating in online gambling or facilitating/opening a gambling platform brings criminal liabilities.
In an announcement, the Guangdong Provincial Public Security Department narrowed down on a specific unnamed online gambling platform that facilitated over RMB 10 billion ($1.5 billion) in cryptocurrency betting. The gambling platform promised support for betting in Bitcoin, Ethereum’s Ether token and Litecoin, the announcement said.
In the 8 months since its launch, the gambling platform attracted over 330,000 members.
https://www.ccn.com/world-cup-chinese-police-crack-down-on-1-5-billion-bitcoin-gambling-ring/
Square Cash Crypto Trading Soars Despite Bitcoin’s Decline
Despite bitcoin’s fall, Square‘s mobile payment app, which launched crypto trading in late January, is surging. In fact, Square Cash is growing roughly three times faster than PayPal‘s Venmo, with nearly 2 million downloads per month in May and June, according to data from Instinet.
Read more: https://www.pymnts.com/news/mobile-payments/2018/square-cash-app-crypto-trading-bitcoin/
Kik Giving Developers USD 3m, Community Excited for Job Kik Messenger’s Kin Foundation has announced a new developer incentive program, in order to foster more usage of and innovation around its cryptocurrency. They intend to give up to 25 developers a total of about USD 3 million in their cryptocurrency KIN as well as fiat to develop new apps or games.
https://cryptonews.com/news/kik-giving-developers-usd-3m-community-excited-for-job-2230.htm
Even though some ‘experts’ feel that Bitcoin and the like have no value, these virtual currencies continue to be used as payment methods. In this case, Bitcoin was recently used to purchase a stunning home in the state of Delaware.
https://bitcoinist.com/delaware-real-estate-agent-sells-states-first-bitcoin-home/
https://bitcoinist.com/delaware-real-estate-agent-sells-states-first-bitcoin-home/
85% Of Canadians Are 'Aware' Of Bitcoin, Says Bank of Canada
The number of Canadians who own bitcoin nearly doubled over the course of a year, according to the results of a newly-published survey by the Bank of Canada.
Dubbed the Bitcoin Omnibus Survey (BTCOS), the country's central bank hoped to identify "the driving reasons for ownership during the sudden rise in Bitcoin prices" and in understanding "bitcoin's potential impact on how the Bank of Canada undertakes its core functions," according to the analytical note presenting survey results.
https://www.coindesk.com/85-of-canadians-are-aware-of-bitcoin-says-bank-of-canada/
The number of Canadians who own bitcoin nearly doubled over the course of a year, according to the results of a newly-published survey by the Bank of Canada.
Dubbed the Bitcoin Omnibus Survey (BTCOS), the country's central bank hoped to identify "the driving reasons for ownership during the sudden rise in Bitcoin prices" and in understanding "bitcoin's potential impact on how the Bank of Canada undertakes its core functions," according to the analytical note presenting survey results.
https://www.coindesk.com/85-of-canadians-are-aware-of-bitcoin-says-bank-of-canada/
Marcello Mari joins mad4digital as Head of ICO Strategy
Marcello Mari has raised $36 million in 60 seconds with SingularityNet and $575 million in private sale with TATATU.
Read more: http://www.pressat.co.uk/releases/marcello-mari-joins-mad4digital-as-head-of-ico-strategy-27a565ad6d3beeb865dfaabdb7b2b64c/
Government officials in India have indicated that the government may adopt a more measured approach to regulating the cryptocurrency market.
https://bitcoinist.com/blanket-ban-crypto-india-unlikely/
https://bitcoinist.com/blanket-ban-crypto-india-unlikely/
Kik Messenger Launches $3 Million Developer Fund to Create 25 ‘Kin Economies’
The creators of chat app Kik and the kin cryptocurrency are making a multi-million dollar bet that crypto tokens can help the firm create and monetize digital economies.The Kin Foundation on Wednesday began accepting applications for the Kin Developer Program, which will pay up to 25 developers a total of nearly $3 million to create and maintain independent “kin economies” over a six-month period... Read more
How to Scale Ethereum: Sharding Explained
UPDATED to reflect the latest research changes for Ethereum 2.0!
https://medium.com/prysmatic-labs/how-to-scale-ethereum-sharding-explained-ba2e283b7fce
UPDATED to reflect the latest research changes for Ethereum 2.0!
https://medium.com/prysmatic-labs/how-to-scale-ethereum-sharding-explained-ba2e283b7fce
Chinese Cryptocurrency Investor Caught In Internet War, Resigns From Blockchain Fund
The blockchain may be immutable, but human emotions are not. The feud between Li Xiaolai and Chen Weixing led the former to quit the Hangzhou Xiong'an Blockchain Fund.
Read more: https://www.ethnews.com/chinese-cryptocurrency-investor-caught-in-internet-war-resigns-from-blockchain-fund
TokenPay & Litecoin Team Up, Buy Shares in German Bank TokenPay, a Swiss decentralized and self-verifying payment platform, announced a strategic partnership with Litecoin, a peer-to-peer cryptocurrency and open source software project, in order to acquire the WEG Bank. Both companies now equally own 19.8% in the bank along with the option to purchase as much as 90%, pending regulatory approval, according to a press release by the Swiss company.
https://cryptonews.com/news/tokenpay-litecoin-team-up-buy-shares-in-german-bank-2216.htm
U.S. Judge Throws Out ‘Meritless’ Lawsuit Against Ethereum Game CryptoKitties
A U.S. judge has thrown out a lawsuit that alleged that CryptoKitties creator Axiom Zen had stolen trade secrets and violated a confidentiality agreement in connection with a recent promotion that featured celebrity-based CryptoKitties... Read more
Opera Is Testing a Mobile Browser With a Built-In Crypto Wallet
In a first for the company, Opera is launching new browser software that has a built-in cryptocurrency wallet.
The browser maker said Wednesday that its "new version of the Opera browser for Android… combines easy-to-use crypto wallet functionality with support for the Ethereum Web3 API." The browser is currently in private beta, which the company is now inviting new users to join.
https://www.coindesk.com/opera-is-testing-a-mobile-browser-with-a-built-in-crypto-wallet/
In a first for the company, Opera is launching new browser software that has a built-in cryptocurrency wallet.
The browser maker said Wednesday that its "new version of the Opera browser for Android… combines easy-to-use crypto wallet functionality with support for the Ethereum Web3 API." The browser is currently in private beta, which the company is now inviting new users to join.
https://www.coindesk.com/opera-is-testing-a-mobile-browser-with-a-built-in-crypto-wallet/
Computer Graphics Industry Becomes Powerful with Crypto rendering by Leonardo Render
Blockchain technology is now a pet peeve of the computer graphics industry (CGI) and is all set to disrupt the deadline-intense creative industry beyond recognition. And it is not just movies which are not going to be the same again with comp-generated content, but will impact the creative industry across the board, touching upon social media content to cloud-shared data.
Read more: https://zycrypto.com/computer-graphics-industry-becomes-powerful-with-crypto-rendering-by-leonardo-render/
My forecasts are following: there was a little dip but restoring of market we can see now. After the end of restoring will be the great juump of prices.
Bitcoin and Altcoins Move Into Bearish Zone Yesterday, we discussed that bitcoin must stay above the USD 6,500 support to recover. However, BTC/USD failed to hold the stated support and declined sharply. It dragged all major altcoins lower like ethereum, ripple, bitcoin cash, EOS and litecoin. The market moved into a bearish zone and there is a risk of further declines if sellers remain in action.
https://cryptonews.com/news/bitcoin-and-altcoins-move-into-bearish-zone-2219.htm
IOTA and Volkswagen are planning to introduce a new conceptual project designed for wireless software updates, implemented using Tangle technology. The project solution will be presented within the framework of CeBIT 2018.
You can find more here: https://uniton.io/en/news/A-New-Concept-Project-from-IOTA-and-Volkswagen-Will-be-Presented-at-CeBIT-2018
You can find more here: https://uniton.io/en/news/A-New-Concept-Project-from-IOTA-and-Volkswagen-Will-be-Presented-at-CeBIT-2018
Litecoin Foundation Acquires 9.9% of Bank in Payments Partnership
Litecoin Foundation, the non-profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank.
The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm, according to an announcement on Tuesday.
https://www.coindesk.com/litecoin-foundation-acquires-9-9-of-bank-in-payments-partnership/
Litecoin Foundation, the non-profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank.
The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm, according to an announcement on Tuesday.
https://www.coindesk.com/litecoin-foundation-acquires-9-9-of-bank-in-payments-partnership/
HTC to launch its blockchain smartphone later this year
Despite dropping its headcount from 19,000 in 2013 to 5,000, HTC has big plans when it comes to the innovative products it develops. Its HTC phone will launch its blockchain smartphone later in 2018.
Read more: http://business-review.eu/tech/htc-to-launch-its-blockchain-smartphone-later-this-year-176415
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