Monthly Archives: July 2018

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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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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