Monthly Archives: July 2018

Maltese Parliament Passes Three Blockchain Bills into Law

The Maltese Parliament has passed three bills into law that establish a regulatory framework for the country’s blockchain sector, Malta Today reports. Just last week, the Parliament “unanimously voted” to approve these bills in its second reading. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, shared an update on Twitter about the new development, which he believes will make Malta “the first […]

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Syscoin: Chain “Fully Operational as per Design” After “Irregular” Trade Activity

On July 3, 2018, Binance suspended all trading and withdrawal services due to “irregular” Syscoin (SYS) trades carried out “from a number of API users.” The exchange has since resumed all activities, according to a blog post. Questions remain, however, as to the root cause of the problem. Binance API While the price of Syscoin had hovered around 0.00004 BTC, an order for 1 SYS in exchange for 96 BTC was placed and completed on Binance. This trade sent the market into overdrive as users assumed that […]

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Promoted: Igniting Crypto Payments Worldwide Through Crypterium

In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control. While this new worldwide economic system has advanced significantly over a relatively short period of time, it has yet to deliver a user-friendly approach to assist the everyday consumer with day-to-day commerce at retail establishments. Do cryptocurrencies have practical use as a spending instrument? Will you be able to make purchases at a restaurant, grocery store, retail clothier or any […]

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Collectable Crypto Game Introduces Personalized Artist-Designed Avatars

sponsored Users can submit a photograph of themselves, or one of their favorite characters, and the designers will create a ‘lookalike’ character for them. The recently-launched collectable crypto game Blockchain Cuties is set to take the personalized gaming experience to the next level, with plans to introduce ultra-customized avatars designed by graphic artists. Users can submit a photograph of either themselves or of their favourite characters, and the designers will create a ‘lookalike’ character for them to have exclusive ownership and use. The process will operate by […]

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Crypto Markets See Small Slump, Bitcoin Keeps Above $6,500 Threshold

Crypto markets have seen a small slump from yesterday’s highs, but Bitcoin has managed to keep above the psychologically important $6,500 mark. Thursday, July 5: crypto markets are seeing some red, with most major coins down up to 3 percent in 24 hours to press time. The total market cap has dropped by $4 billion since the same time yesterday, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is currently trading at around $6,597. The coin is down about 1.5 percent over the past 24 hours, […]

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Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain

The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and embrace the blockchain technology that “encompasses all the cryptocurrencies.”    Also read: Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa CB Governor Wants to Know Where Bitcoins Come From RBZ, the central bank of troubled Zimbabwe, has initiated studies to investigate the blockchain technology and its possible […]

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Former Jefferies Asia CEO to Lead $1 Billion EOS VC Arm

Michael Alexander, former CEO in Asia for Jefferies Group LLC, a major global investment banking firm, has become head of EOS’ VC arm. The former CEO in Asia for Jefferies Group LLC, a major global investment banking firm, has joined as head of EOS’ $1 billion venture capital arm effective Thursday, July 5. The news has been revealed in an official announcement from EOS creator Block.one. After serving almost eight years in his former post, Michael Alexander will be based in Hong Kong and serve as a […]

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Bringing IoT and Blockchain Applications Together to Avoid Human Error

ULedger and Fetch.ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria. The company works to offer security and transparency to digital records and electronic communications, while providing indisputable third-party audit trails of electronic data to ensure transactions and related activities are recorded in real time. Fetch.ai, based in Cambridge, United Kingdom, allows digital entities representing Internet of Things (IoT) machines to work independent of human […]

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South Korea Legitimizes Blockchain Industry With Major New Classification Standards

The South Korean government is drafting major new industry classification standards for the blockchain industry. The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. Three Korean ministries – the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication – are said to have been working since the end of last month to produce the final draft of a new blockchain industry classificatory scheme […]

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The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal

In today’s edition of Bitcoin in Brief we cover stories from various corners of the world. In Malta the parliament has enacted three crypto bills into law, in Bermuda the authorities want to create a new type of crypto friendly banks, and in New Zealand Kim Dotcom has lost his extradition appeal. Also Read: Get Yourself a Mustang, Custom Car Builder Now Accepts Bitcoin Malta Enacts Crypto Bills The parliament of Malta has given the final approval on Wednesday evening for three bills meant to create a […]

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