Monthly Archives: June 2018

Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

Thailand’s central bank considers developing its own digital currency, claiming that it would reduce transaction and validation time and costs. The Bank of Thailand (BoT) is considering issuing its own cryptocurrency, the bank’s governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore, BoT governor Veerathai Santiprabhob spoke of a new project in which the central bank and other Thai banks join forces to develop a “new way of conducting interbank settlement” using a central […]

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In Reddit AMA, Binance Labs Says Decentralization is ‘Investment Focus Sector’

In a Reddit AMA, Binance Labs talked decentralization and taking the long view in investing in blockchain projects. Blockchain technology incubator Binance Labs gave an “Ask me Anything” (AMA) session on Reddit June 6, devoted to investments in crypto and blockchain projects. One of the main topics discussed at the AMA was decentralization. Answering a question about whether a totally decentralized crypto exchange is possible, Binance Lab’s director Benjamin Rameau expressed optimism about future “fully decentralized exchanges,” claiming that the company is running “multiple projects in this […]

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Colombian Senate Debate: ‘Blockchain Could Change Lives’

The Third Committee of the Colombian Senate convened yesterday to discuss the future implementation and regulation of cryptocurrencies and blockchain in the country. The Colombian Senate held a debate on cryptocurrencies and blockchain “as mechanisms to modernize the digital economy” on Wednesday, according to a Senate press release published today, June 7. The Third Committee of the Senate was convened by the senator of Colombia’s Green Alliance party, Antonio Navarro Wolff, with participants including the Colombian central bank, the Ministry of Finance, the ICT Ministry, and Colombia’s […]

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Polish Financial Authority Says Crypto Trading Is Legal in Wake of Anti-Crypto Campaign

Poland’s financial watchdog clarifies that crypto trading is legal in the country, in the wake of its recent social media campaign on the risks of crypto investments. The financial watchdog of Poland has recently affirmed that cryptocurrency trading is completely legal in the country, according to an official announcement published on its website June 6. In its recent move, the Polish Financial Oversight Commission (KNF) sought to clarify the status of cryptocurrencies and crypto trading, “recognizing the emerging legal doubts related to the functioning of exchanges and […]

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Estonia Grants Licenses for Wallet and Exchange Services to Coin Metro

It isn’t just Malta that is attracting crypto business these days, other small and fast moving countries on the European continent are joining the action. The latest example comes from Estonia, which recently granted licenses for offering wallet and exchange services to the cryptocurrency trading platform Coin Metro. Also Read: Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in Crypto Robust AML/KYC Coin Metro, which has been founded by the same team behind the Vanuatu-registered forex broker FX Pig, has announced that […]

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Crypto Trading Platform Implements Automated Bots for Major Crypto Exchanges

sponsored A platform represents its autotrade bot as a tool to create passive income and avoid losses, if the market goes down. Having emerged in September 2017, 3Commas, an international crypto trading startup, has has introduced a series of automatic trading bots for Binance. The company also has revealed its plans to launch the bots for all other major supported exchanges, like BitFinex, Bittrex, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Huobi and YOBIT in due course. The company says the bot is designed to help traders create passive […]

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The Netherlands’ Central Bank: Blockchain Doesn’t Yet Meet Demands of Financial Markets

The central bank of the Netherlands says that after three years of experimentation, blockchain cannot yet handle the demands of financial market infrastructures. Blockchain technology is not yet ready for implementation in financial markets, according to a report by De Nederlandsche Bank (DNB) on June 7. After three years of experimenting with Distributed Ledger Technology (DLT), of which blockchain is one type, DNB — the central bank of the Netherlands —  has concluded that the current algorithms are unable to handle the volume of transactions of financial […]

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UK National Archives Explores Blockchain to Ensure Authenticity of Digital Records

The National Archives of the UK is looking into using blockchain tech to create records for documents that show the trail of edits. The ARCHANGEL project is considering using blockchain tech to create immutable entries for digital records in the National Archives of the UK, according to a blog post from the National Archives published June 6. The project – made up of the National Archives, the University of Surrey, and the UK Open Data Institute and funded by the The Engineering and Physical Sciences Research Council […]

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Testing Begins – The New Way Forward

What’s The Latest? The testing has finally commenced for an eagerly anticipated big change in Ethereum. The move will see the mining for Ethereum effectively finished. The change is now in test mode with clients already working hard on reviewing the new concept. This is a huge change for the Cryptocurrency but one that is very much a positive with many benefits. The Transition Over The developers behind this new proof of stake process have certainly been very clever with the transition and have pretty much anticipated […]

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Jason Attar Takes Cryptocurrency to the Big Screen in New Mockumentary

Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches. Shot over 35 days on the streets of Peckham in the U.K., KevCoin: […]

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