Monthly Archives: May 2018

Bifröst: A New Blockchain-Based Effort to Deliver Foreign Aid Payments

ConsenSys Social Impact has joined hands with MakerDAO and Dether to launch Bifröst, a crypto-to-fiat payment system built to expedite the delivery of cash donations to aid groups in conflict areas. Bifröst was announced during a presentation today, May 29, at the Oslo Freedom Forum in Norway. Executives are planning to pilot the system this summer within certain regions of Southeast Asia and the Middle East. “Collaborative solutions like these … are paramount to materializing solutions in the social sector,” said Robby Greenfield, ConsenSys Social Impact’s global […]

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Crypto Markets Make Slight Rebound After Bitcoin Touched Monthly Lows

Crypto markets are slightly up, all top ten cryptocurrencies by market cap are in the green. Tuesday, May 29: crypto markets are steadily rebounding with all top ten coins listed on Coinmarketcap in the green. Market visualization from Coin360 After hitting monthly lows yesterday, Bitcoin (BTC) is slightly up 3.94 percent over the past 24 hours, trading at $7,513 at press time. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has seen a more significant growth of almost 9 percent over a 24 hours period, […]

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Bitwage Launches ICO Advisory Firm and New Payment Solutions

Bitcoin payroll and invoicing platform Bitwage, with operations in the U.S and the U.K., has launched two new products: Inwage, an advisory firm that creates and deploys solutions for launching initial coin offerings (ICOs); and Ether Inputs, an invoicing platform that allows ICO companies to pay employees in their preferred currency. “The world of cryptocurrency is ever changing. While we strongly believe that Bitcoin is the greatest store of value ever seen, we also recognize the value of new forms of digitized assets,” said Jonathan Chester, president […]

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Zcoin’s Merkle Tree Proof Release Seeks to Bring Back Fairer Mining

Zcoin, a privacy-focused asset, is launching a working version of MTP v1.2 (Merkle Tree Proof) — an ASIC-resistant proof-of-work (PoW) algorithm — on its testnet. Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, and Zcoin is looking to offer reassurance. Founded in September of 2016, Zcoin was constructed to tackle decentralization and privacy issues on the blockchain. It was also the first currency to implement […]

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Survey: Three out of Ten Germans Are Considering Crypto Investing

Despite high price volatility, many German citizens are interested in investing in cryptocurrencies. Twenty nine percent of Germans are interested in cryptocurrencies as a form of investment, Cointelegraph auf Deutsch reported Tuesday, May 29. German bank Postbank came to this conclusion after a survey of 3,100 Germans, which was conducted from the end of February to the end of March 2018. When asked about why are they interested in crypto, 60 percent of women and 51 percent of men cited “independence from established financial systems” as an […]

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6 Myths About Ethereum Decentralization

6 signs of centralization in the Ethereum blockchain which is supposed to be purely decentralized. The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Blockchain and decentralization have become synonyms in the cryptocurrency industry. The use of blockchain technology made it possible to create a network where all users are equal, and information is distributed over a countless number of computers in the world. Decentralization has gained a particular value for banks and other commercial institutions, since it brings […]

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Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin

London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the dominance of the big banks over the UK economy. Also Read: Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future Banks Hindering Progress Despite having a thriving fintech startups […]

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Nearly $14 Million in Crypto Sold by German Police

Lul.to, a German audio and e-book pirate platform, trafficked in close to a quarter million titles, serving 30,000 users. Summer of last year, the country’s Cyber Crime Competence Center (SN4C) shut the site down and arrested its operators. A basket of cryptocurrencies were seized in the process. Over a two month period, they were sold off to the public, raking-in a cool €12 million ($13.8 million), the highest take in the nation’s legal history. Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt German […]

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Ecosystem Brings Online Marketplace, Automated Crypto Trading and Tax Advice in One Place

sponsored A new ecosystem is offering a suite of services including a marketplace for buying goods using crypto as well as an automated trading bot. An upcoming ecosystem hopes to create a suite of services that will make it easier for cryptocurrencies to be used in everyday life – including professional bookkeeping, legal, and accounting services to protect a user’s interests. MillionCoin says its platform is geared towards investors who are interested in crypto but don’t necessarily have in-depth technical knowledge about how it works. Users would […]

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South Korea: Government Committee Plans to Make ICOs Legal Again

Members of a South Korean government committee have announced their intention to re-legalize ICOs. South Korea plans to pursue the road to re-legalizing initial coin offerings (ICOs), local news media reported May 29, citing government officials. According to Business Korea, a National Assembly committee dedicated to studying the so-called ‘Fourth Industrial Revolution’ said it would seek to enhance the legal “basis” of cryptocurrency in the country, part of which would be reversing the ICO ban which the government enacted in September 2017. “We need to form a […]

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