Monthly Archives: August 2019

US Air Force Steps Up Blockchain Use: What Else Is the Pentagon Up To?

New blockchain-based initiatives from the US Air Force have Cointelegraph looking at prospects for the technology throughout US defense agencies. This week saw twin reports from smart contract startup Simba Chain and blockchain data management firm Constellation, both of whom announced contracts with the United States Air Force.  New utility in USAF Judging by these developments, the U.S. Air Force is looking seriously at new tech to shore up supply chains and rearrange data. Simba Chain has reportedly been tasked with prototyping a blockchain approach for the […]

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Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

From Cointelegraph en Español: Paypal changing policies in Mexico, new crypto payments in Spain and more government announcements about the Petro from Venezuela. The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: Eurocoinpay introduces cryptocurrency payments On Aug. 24, Cointelegraph en […]

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How Facebook Libra Is Seeking Compliance, but May Not Launch by 2020

Facebook Libra is seeking worldwide compliance, but experts are sceptical that the project can meet its 2020 release date due to regulatory uncertainty. For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a national digital currency, Walmart began developing its own blockchain, Binance launching the Venus project, and Pavel Durov’s TON finally shared its release date. The race was also joined by Facebook, which kept […]

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Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

The Ministry of Economy of Kyrgyzstan has submitted a draft law which proposes the taxation of crypto mining. On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining. The taxation on cryptocurrency mining is expected to increase budget revenues and to contribute to the principle of fair […]

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US-China Trade War and Its Effect on Cryptocurrencies

China’s central bank relies on centralization and suppression of open technologies such as blockchain, with its next step being to issue a national stablecoin. The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project.  David Marcus, the head of Facebook cryptocurrency wallet Calibra, and known as the co-creator of the company’s venture into cryptocurrencies, had this to say on Twitter: “Like I said: if we don’t […]

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Australian Coder Warns Users of Lightning Network’s Vulnerabilities

Australian software programmer Rusty Russell warns users of security issues found in various Bitcoin’s Lightning Network projects, urges to update the software. Australian software programmer and Bitcoin’s (BTC) Lightning Network coder Rusty Russell warned users that “security issues have been found in various Lightning projects which could cause loss of funds.” Urgent update recommended On Aug. 30, Russell published a tweet urging LN nodes operators to update their software as soon as possible. According to the message, his warning concerns all versions of c-lightning prior to 0.7.1, […]

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Ex-ConsenSys Exec Joins Security Token Project Dusk Network

Kavita Gupta, former ConsenSys ventures head, joins security token offering project Dusk Network that aims to help companies tokenize their equity shares. Former blockchain firm ConsenSys’ ventures head Kavita Gupta joined security token project Dusk Network. As industry news outlet The Block reported on Aug. 30, Gupta joined Dusk Network, an Amsterdam-based startup trying to help companies tokenize their equity shares. Dusk Network co-founder Mels Dees claims that the company is also working with a regulated European stock exchange and have partnered with a major cryptocurrency exchange. […]

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Amanie Advisors Support Ether’s Compliance With Islamic Finance Law

Ether’s compliance with Islamic religious law receives approval from Islamic finance and Sharia advisory firm Amanie Advisors. Islamic finance and Sharia advisory firm Amanie Advisors have established Ether’s (ETH) compliance with Islamic religious law. Ether receives Sharia endorsement In a blog post published on their website, Amanie Advisors announced that the firm has collaborated with the Ethereum Foundation to establish the platform’s compliance with Sharia religious law. As a result of the collaboration, the company released a paper with the main purpose of illustrating Ethereum’s compliance with […]

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Bitcoin Price: 4 Key Similarities to Previous Bull Market Corrections

Bitcoin price fell below $10K once again. But historical data is showing several similarities to previous corrections within larger bull market cycles. While Bakkt clients will be able to deposit their funds into the Bakkt Warehouse next week on Sept. 6, Bitcoin price is trending downwards after falling below $10,000 in the run-up to the event.  So is this already priced in or the market cycles are just repeating themselves? Let’s take a look at some key similarities to previous bull market cycles.  Similarities I & II: […]

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Can PACs Popularize Cryptocurrency Donations in US Politics?

Can PAC give crypto a push? BitPAC — conceivably the only active crypto-centric political action committee — announced its plans to hold an ICO… Earlier this week, BitPAC — conceivably the only active crypto-centric political action committee (PAC) — announced its plans to hold an initial coin offering (ICO). The committee will reportedly issue a utility token called Politicoin, which will then be used to support its candidates running for public office. So, can PACs become a gateway for cryptocurrency-based contributions in United States politics while select […]

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