Monthly Archives: March 2018

World’s Largest Crypto Exchange Binance To Launch Decentralized Trading Platform

Popular cryptocurrency exchange Binance announced its plan to develop a public Blockchain which will run a decentralized exchange. Binance, the largest cryptocurrency exchange by trading volume, announced that it is officially developing a public Blockchain to create a new decentralized exchange, according a statement on March 13. Binance’s vision that “centralized and decentralized exchanges will co-exist in the near future, complementing each other” inspired them to develop the Binance Chain, which  will be used for the transfer and trading of Blockchain assets. The move will also push […]

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Blockchain Platform to Connect Self-employed Domestic Workers and Customers With No Fees

sponsored A company is using Blockchain to allow self-employed service workers such as cleaners to use their reputations as a selling point. A company that empowers service workers and helps them become entrepreneurial is planning to replace its app with a new Blockchain-based platform, helping providers with hard-earned reputations to win more business. Crafty is initially going to launch in Brazil but believes its marketplace can transform the “extremely inefficient” service sector worldwide by ensuring a higher proportion of revenue goes to self-employed workers on the front […]

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Coinbase Wallet Fixes SegWit Implementation Bug, Refunds Affected Users

Coinbase has fixed a payment gateway bug that emerged after SegWit implementation and caused users to lose their funds. The Coinbase wallet and exchange service has fixed a bug in the payment gateway system which caused users to lose their funds from Bitcoin transactions via the platform. The issue emerged two weeks after the cryptocurrency exchange announced the launch of Segregated Witness (SegWit) support for its transactions. In their Reddit post on March 12, Coinbase user Dazzling_Substance shared a problem with the platform’s payment gateway when it […]

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Openbazaar Raises $5M from Investors Including Bitmain

On Tuesday, March 13, OB1, the company building the cryptocurrency-centric marketplace Openbazaar, has announced it has raised $5 million USD in a recent series A funding round. According to the startup, Omers Ventures and Bitmain Technologies were the lead investors in the funding round for the e-commerce marketplace. Also Read: Survey Finds South Korean Youth the Most Active Crypto-Investors Omer Ventures and Bitmain Lead the $5M Series A Funding Round for OB1 Openbazaar is an open source project that has built a platform that facilitates cryptocurrency infused e-commerce […]

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Meet the Bitcoin Cash Hyper Mini-Sprint Car

Just recently news.Bitcoin.com spoke with Corsair Hancock, a mini-sprint driver who decided to rebuild his 2007 Hyper Chassis into a Bitcoin.com – Bitcoin Cash mini-sprint racer. Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Bitcoin Cash Is King Corsair is also the son of the Freedom Phoenix radio-show host and libertarian activist Ernest Hancock. While racing at 23 races in Phoenix, and a few other bigger races in California and Oklahoma, Corsair thought it would be a great way to spread the message of cryptocurrencies at […]

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IMF Chief Lagarde On ‘Dark Side’ Of Crypto: Blockchain is ‘Exciting’ But Needs Regulations

IMF Chief Christine Lagarde further states the need for crypto market regulation to protect customers and prevent money laundering in an IMF blog post. International Monetary Fund (IMF) Chief Christine Lagarde said that crypto markets must be regulated by the same laws that apply to the traditional markets in an IMF blog post published today, March 13. The post, “Addressing the Dark Side of the Crypto World,” begins by praising the virtues of Blockchain technology, which she refers to as an “exciting advancement that could help revolutionize […]

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R3 v. Ripple Lawsuit To Be Decided In NY As XRP Loses Its Appeal To CA Court

Blockchain developer Ripple has lost its opportunity to fight against R3 in its home state California. Now, the case is expected to be settled by a New York court. Ripple Labs Inc., the company behind the Ripple settlement system, has lost its opportunity to hold the court hearing over a contested contract with its rival R3 in its home state, California, Bloomberg reported March 13. In September 2017, the R3 consortium filed a lawsuit in Delaware and New York against Ripple, claiming that the latter had violated […]

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US: Wyoming Set Precedent By Creating New Asset Class For Cryptos, Hopes to Inspire Feds

The state of Wyoming in the US has passed a series of laws that aim to turn the state into a magnet for Blockchain and crypto business. The US state of Wyoming has now created a new class of assets in defining cryptocurrency as “Utility Tokens”, reports Forbes March 13. As previously reported by Cointelegraph, the Wyoming state legislature passed House Bill 70 on March 6, which effectively exempts crypto from state securities regulations. The bill was signed into law by Governor Matt Mead March 8. The […]

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New York Legislator Proposes BitLicense Alternative for Cryptocurrency Users

New York State Assembly legislator Ron Kim (D-40) has unveiled a bill that intends to protect cryptocurrency investors and ease the bureaucratic burden on crypto-related businesses. It’s the first comprehensive cryptocurrency bill in New York to make it past studies and commissions and into the hands of the legislative branch. Kim introduced the legislation on March 13, 2018, after he met with blockchain industry leaders on the subject. Known as The New York Cryptocurrency Exchange Act (A9899), the bill relates to “the audit of cryptocurrency business activity […]

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World’s Central Bank: Crypto Could Risk Bank Runs

How many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, negatively impacting the “efficiency of financial intermediation.” Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining Central Banks Warned About State-Backed Crypto Chairs of two BIS working groups, Klaus Löber (European […]

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