Monthly Archives: May 2018

Markets Update: Cryptocurrencies Lose Steam During the Weekend

Cryptocurrencies have been dropping in value this Saturday, May 12 as most digital assets are down between 3-15 percent. The price of Bitcoin Cash (BCH) is hovering around $1,446 at press time while gaining 3.4 percent today — And Bitcoin Core (BTC) values are averaging roughly $8,473 per BTC and its markets are down 1.4 percent this weekend. Also read: Court Orders Chilean Banks to Re-Open Crypto Exchange Accounts   Digital Assets Take a Dip During This Weekend’s Trading Sessions Traders and cryptocurrency enthusiasts are uncertain of the short-term path ahead […]

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A New Blockchain Dedicated Law Firm Opens

A New Firm DLx Law LLP opened earlier this month in both New York and Washington DC. This ground-breaking practice is the first Blockchain dedicated company. The two partners opening the firm have already announced that it will be a completely different operation than the more traditional law firms. This is due to the fact that it is dedicated to Blockchain and as such the practice needs to ensure it works to the needs of the work it is doing. This is also the reason behind the […]

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Amazon & Microsoft’s Move to Blockchain: Centralized Companies Into Decentralized Ecosystem

Traditional centralized powerhouses like Microsoft and Amazon are almost being forced to take their domination to the decentralised world. Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are looking to regulate cryptocurrencies, again give more legitimacy and longevity to the industry. […]

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Public Company’s ICO Paves the Way for Other Token Sales in Thailand

The first initial coin offering (ICO) by a publicly traded company in Thailand has begun trading on a couple of local exchanges. Meanwhile, the regulators are still drafting the legal framework for cryptocurrencies and token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space First Public Company to Launch ICO The launch of an ICO by a publicly traded company has paved the way for other token sales in Thailand. Jay Mart Plc’s subsidiary, J Ventures Limited, launched its ICO called Jfin Coin last week. Jay […]

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BCH-Powered Social Media Apps Launch New Features

This week the two popular Bitcoin Cash social media applications, Memo and Blockpress have rolled out a bunch of new features on each platform. Now users on both platforms can upload pictures, video, and even torrent magnets found on the Pirate Bay. Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research  Memo and Blockpress  So far over the past couple of weeks, Bitcoin Cash (BCH) supporters have been utilizing two specific BCH-powered social media platforms — Blockpress and Memo. The Memo application arrived on the scene […]

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U.S. Mutual Fund VP Says Blockchain Will Help ‘Drive This Next Industrial Revolution’

VP of Federated Investors has high hopes for blockchain, saying it is one of the five “key technologies” that will “drive this next industrial revolution.” Steve Chiavarone, a VP at financial services company Federated Investors, made bullish comments on blockchain technology as an “economic growth driver” in an interview on CNBC Friday, May 11. Responding to whether blockchain will be a driver of economic growth, Chiavarone noted the potential for automatization and increased efficiency blockchain offers, saying: “When you think about it from an enterprise perspective, it […]

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ERC-20 Tokens, Explained

Every question answered about ERC-20 tokens and how they work. What are ERC-20 tokens? ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto-wallet. The Ethereum community created these standards with three optional rules, and six mandatory. Optional Token Name Symbol Decimal (up to 18) Mandatory totalSupply balanceOf transfer transferFrom approve allowance Confused? Let’s back up a little. What is Ethereum, in the first […]

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Bitcoin Magazine’s Week in Review: Markets, Miners and Conferences

While Bitmain creates new ASIC Antminers to mine any cryptocurrency running Equihash proof of work, the affected cryptocurrencies look at measures to prevent it. New York has a lot of news happening this week, with the New York Stock Exchange’s parent company looking to get into bitcoin trading and Blockchain Week kicking off with the CDX Summit. South Korea continues to be a leader in blockchain technology, rolling out new partnerships with neighboring countries, and building out more blockchain technology. Featured stories by Colin Harper, Nick Marinoff […]

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Wendy McElroy: Crypto – Civil Law Versus Common Law

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 1. Crypto: Civil Law Versus Common Law “World’s Second Most Valuable Cryptocurrency Under Regulatory Scrutiny.” “Bitcoin CRACKDOWN: IMF chief Christine Lagarde calls for cryptocurrency regulation.” “France announces Bitcoin regulations amid cryptocurrency ‘bloodbath’.” 2018 is the year in which cryptocurrency will be regulated. The questions are by whom and how? The two traditional answers have been civil law or common law. But there is a third alternative. Namely, preventive self-regulation, which can also be […]

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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

Zimbabwe’s central bank has recently ordered domestic financial institutions to stop dealing with crypto-related businesses and individuals. Zimbabwe’s central bank has recently banned dometic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12. According to the report, the Reserve Bank of Zimbabwe’s (RBZ)  director and registrar of banking institutions Norman Mataruka issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days and begin to liquidate existing crypto-related accounts. Financial institutions have been ordered to “ensure that […]

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