Monthly Archives: July 2018

Reserve Bank of Zimbabwe to Study Blockchain Implementation

The Reserve Bank of Zimbabwe has launched studies into applying blockchain to the bank’s business processes. The Reserve Bank of Zimbabwe (RBZ) has initiated studies of blockchain technology with a view to subsequently embrace the technology and integrate it into the bank’s business processes, local news outlet NewsDay reported July 5. Speaking at the Alpha Media Holdings’ Banks and Banking breakfast meeting in Harare yesterday, RBZ governor John Mangudya reportedly said that the bank is looking to embrace the technology. He stated that central banks in a […]

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Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero

It’s been a good week for bitcoin (BTC), which is up 8%. But you wouldn’t think so to read the news. Alight on one of several mainstream media (MSM) outlets and you might have learned that bitcoin is crashing and on its way to zero. Taking cheap shots at bitcoin is great for attracting rage clicks. It’s also a great way to look foolish. Also read: Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain MSM Floats a Sea of FUD Bitcoin has now died 319 times according […]

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Another Class Action Filed Against Ripple, Claims XRP Has “Hallmarks of a Security”

Ripple is staring down the barrel of yet another securities lawsuit — its third one this year. Filed in the Superior Court of the State of California in San Mateo County, the class action alleges that Ripple and its team illegally sold and promoted XRP, Ripple’s currency, as an unregistered security. The suit’s plaintiff, David Oconer, is demanding that the court classify XRP as a security, while also seeking relief for the “damages, recession” that he incurred from investing in the coin. “This is a securities class […]

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No Insider Trading, Market Manipulation and Misleading Ads – Malta’s New Crypto Law

Malta has enacted three bills into law on Wednesday that are meant to create a clear regulatory framework that will enable the establishment of cryptocurrency businesses on the island. A number of issues that can have an impact on traders and exchanges pop up when examining the new regulations. A prohibition on insider trading, market manipulation and misleading ads or ICO whitepapers. Also Read: The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal New Definitions The Maltese legislatures have gone out of their […]

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Malta Is Firmly On The Blockchain Map

Island Of Malta It may only cover an area of 316 square kilometers with a population of less than 500,000 people, but Malta is certainly becoming a big player in Blockchain. This small island has already enticed several Blockchain companies to its fine shores as well as Cryptocurrency exchanges. The impact that this will have on the economy for this small country could well be massive. The foresight from the country is remarkable when many others are shying away from the Cryptocurrency industry because of concerns regarding […]

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The History of Tezos: The Infamous ICO Trying to Rebound Amidst Lawsuits and Disputes

Almost a year after a record-breaking ICO, Tezos launches its beta network. On June 30, almost a year after the widely successful ICO — a project that raised $232 million worth of BTC and ETH back in July 2017, setting a record at the time  — which was followed by an internal dispute and several class-action lawsuits, the Tezos Foundation has finally launched its beta network. Here’s how the project started, what caused the infamous delay and why the anticipated launch comes with reservations. ‘The last cryptocurrency’: […]

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Deadline for Implementing Indian Central Bank’s Ban on Crypto Dealings Ends

The deadline for the Indian central bank crypto dealings ban to be implemented ends today. The Reserve Bank of India’s (RBI) deadline to implement ban to stop dealing with all crypto-related accounts expires Thursday, July 5, local news outlet The Times of India reports. The Supreme Court had also ruled earlier this week not to grant interim relief to those affected by the upcoming ban. Panjak Jain, who works in Indian blockchain and crypto communities as an investor and an advisor, tweeted on July 3 that “it’s […]

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IBM Signs $740 Million Deal With Australian Gov’t to Use Blockchain for Data Security

IBM has signed a five-year $740 million deal with the Australian gov’t to bring blockchain to “many, many government agencies.” IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5. The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs. IBM’s Asia Pacific head, Harriet Green, told Bloomberg that the new partnership […]

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Immutability in Doubt: Do We Need to Protect Blockchain Data?

U.S. authorities are concerned about blockchain data, which until recently has been considered immutable. What’s behind the new Michigan bill aimed at protecting the data on blockchain from alteration? On June 12, the state of Michigan introduced a bill imposing criminal penalties for manipulating data on blockchains in order to commit fraud. This is the first attempt in the world to legally protect data stored on distributed ledger technology (DLT) — for entering false information into the blocks or changing the blocks themselves, up to 14 years […]

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Kenya Has Two Weeks to Decide Whether to Regulate Cryptocurrencies

Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Decision in Two Weeks Henry Rotich. The Kenyan parliament has reportedly given Treasury Secretary Henry Rotich two weeks to decide whether cryptocurrencies need to be regulated, Business Daily […]

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