Monthly Archives: June 2018

US: Florida to Create Position of Crypto Chief to Oversee Industry

Florida CFO Jimmy Patronis has called for the creation of the position of cryptocurrency chief to regulate the crypto industry within the state Florida Chief Financial Officer (CFO) Jimmy Patronis has released plans to create a new position of cryptocurrency chief to oversee the industry in the state, according to an announcement published June 26. Patronis, who also serves as State Fire Marshal and supervises the Department of Financial Services, ordered his office to create a position that will manage the application of current insurance and securities […]

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This New Trick Helps Exchanges Artificially Pump Up Their Trade Volume

Some exchange operators have found a new trick to artificially pump up their trade volume. They are directly rewarding users with their own issued tokens for generating transactions, something critics call a backdoor ICO ripe for manipulation. Also Read: If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators Trading as Mining High trade volume has been a measure bitcoin exchanges competed on for a long while now. And some supposedly used various methods just to increase their numbers along the years, from zero-fee transactions […]

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Daniel Diemers From PwC Strategy& Switzerland: Adoption of New Technologies Requires More Education

Interview with Dr. Daniel Diemers, blockchain expert at PwC’s Strategy&, about the Swiss crypto-franc and how blockchain can keep up with the government. Blockchain technology is predicted to have a great future in Switzerland. What does this mean for the labor market, what does the Swiss government think about this technology and what does blockchain need in order to be adopted by the people? Cointelegraph discussed these questions with expert Dr. Daniel Diemers at BlockShow in Berlin. Daniel Diemers worked as an entrepreneur for several years in […]

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Blockchain Music Streaming Service To Increase the Amount Musicians Earn for Their Work

sponsored New music streaming platform with “thousands of active users” promises to pay artists 80 percent of streaming revenue. A new blockchain-powered platform, combining streaming services and digital payments, aims to pay musicians 80 percent of the streaming revenue from their tracks, such as subscription services and advertising revenue — more than is reported to be standard practice. Choon, a recently launched blockchain-based platform, describes itself as “the blockchain’s music solution.” In essence, every time a track is played, the artist earns cryptocurrency. This could, in turn, […]

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Coinsecure Exchange Reveals Compensation Plan With a Catch

The Delhi-based cryptocurrency trading platform Coinsecure has officially announced its claims process for customers who were affected by the culprit who stole 438 BTC from exchange this past April. The firm plans to compensate Coinsecure users with Indian rupee as long as they sign an agreement that releases the company from any future liability. Also Read: A Character Called Bitpico Thinks He Can Stress-Test the BCH Network Coinsecure Announces Compensation Plan for the April 9 Theft Offering Impacted Customers Repayment in Indian Rupee On April 9 the Indian […]

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Blockchain: Why Should You Just Settle For One?

How Many Blockchains The Cryptocurrency industry continues to see new and very often innovative practices happening as companies and individuals try to get ahead in the marketplace. And as always, the financial industry is pushing Cryptocurrencies to the boundary to see how it can operate in the most cost effective way. The above can be seen on almost a weekly basis with German Commerzbank AG providing the latest wow moment. It is becoming pretty standard practice who banks for are jumping on the Blockchain bandwagon to select […]

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Bitcoin Is “Epidemic of Enthusiasm” Says Nobel Prize Winner Robert Shiller

Nobel economics prize winner Robert Shiller says that Bitcoin is a “social movement,” whose popularity is not reducible to “a rational response to new information.” Beyond economics, Bitcoin (BTC) is a “social movement” that runs along “generational and geographic” lines, Nobel economics prize winner Robert Shiller told Bloomberg Tuesday, June 26. Shiller, who currently serves as Sterling Professor of Economics at Yale, said that the clear demographics of Bitcoin suggest its popularity is not reducible to “a rational response to new information”: “The East Coast is less […]

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Swiss NGO to Accept Crypto Donations for Food, Healthcare, Education for African Children

A Swiss NGO will be using crypto software development program KryptoPal to add a donate crypto option for its initiatives in Africa. Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26. Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in Tanzanian capital Dar es Salaam. KryptoPal will set up a public key and go through […]

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Facebook Reverses Ban on Cryptocurrency Ads, Maintains Ban on ICOs

Facebook has updated its policy to allow cryptocurrency ads, while upholding its ban on the promotion of ICOs and binary options. Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of initial coin offerings (ICOs), in an announcement published Tuesday, June 26. Today’s announcement says the company has been looking into the best way of “refining” its blanket ban on cryptocurrency-related advertising “over the last few months,” in order to “allow some ads while also working […]

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Andreessen Horowitz Has Launched a $300M Crypto Fund

Andreessen Horowitz has launched a $300 million crypto fund dedicated to investing in cryptocurrencies and other blockchain-related projects. The fund, named a16z crypto, signals that the firm is diving deeper into the cryptocurrency space to grow its existing portfolio, which includes digital currency exchange Coinbase. In a statement posted on the company’s blog, general partner Chris Dixon states that the a16z crypto fund provides the firm with the flexibility to invest in any area of its choosing from traditional equities to digital tokens. As a result, the […]

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