Recent Posts

Cryptocurrency News – Ecosystems and Bitcoin Development

Different Views on Development What Is Moving the Industry Views in regards to Bitcoin’s future development are vast and varied. They include forecasts, opinions, actual market factors, and finally a base consisting of three critical elements; consumers, merchants and commerce, and entrepreneurs. These are the industry’s most common denominators are …

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Blockchain Goes the World – Venezuela and the Petro

How can the Petro help Venezuela? Is cryptocurrency really a miracle cure? On 3 December, 2017, President Nicolás Maduro made the announcement in a televised address. Two months later, Venezuela launched its controversial cryptocurrency Petro. The token is based on the NEM blockchain. Supposedly, the country’s rich oil reserves, gasoline, gold, and …

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Blockchain – The Silent Revolution In The Digital Realm

Innovative Power Behind Closed Curtains The Secret Disruptive Potential of Blockchain Two major technological transformations are currently under way. Artificial intelligence (AI) and blockchain are going to change the world as we know it in very different ways. Technological revolution is impending. On the road towards the future, the what is going to separate …

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International Task Force Notes Use of Cryptocurrencies in Financial Crime

The Internal Revenue Service (IRS) announced Monday that a new joint force of tax enforcement authorities will combat international and transnational tax crimes – including cybercrimes facilitated through cryptocurrencies. Tax enforcement agencies from the U.K., Australia, Canada and the Netherlands will join the IRS in forming the Joint Chiefs of …

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Crypto Exchanges Are Suddenly Being Censored In Iran

“Every crypto exchange in Iran [has been] filtered since May.” That’s how one Iranian bitcoin advocate, speaking on condition of anonymity, described a new wave of government censorship that has cut Iranians off from vital links to the crypto economy ahead of a scheduled renewal of U.S. sanctions in August …

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Among Blockchain-Friendly Jurisdictions, Malta Stands Out

Marlene Ronstedt is a writer and journalist whose work has appeared in German and English publications including WIRED Germany. Currently, she is working for Neufund as a blockchain reporter. André Eggert is a partner at the law firm of LACORE LLP and the legal architect of Neufund.org, a platform for …

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VeChain Revises Roadmap to Address Token Swap Concerns

Blockchain project VeChain announced on Monday that it has revised its development roadmap in response to community concerns related to its token swap. The project, which aims to create a business-friendly public blockchain, launched its mainnet last week. However, the technology is not yet live, and will only be active …

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EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology (DLT) in finance. In a report published on Tuesday that discusses the rising trend of financial technology, the European Banking Authority (EBA) highlighted two banking-related use cases of …

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Binance Halts Trading Over ‘Atypical’ Crypto Transactions

UPDATE (July 4, 8:07 UTC): Binance said that it resumed trading at 8:00 UTC on July 4 and will release a “more in-depth explanation of today’s maintenance in a later announcement.” UPDATE 2 (July 4, 9:23 UTC): Binance confirmed the system maintenance was due to irregular trades of the SYS …

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Bitcoin Remains On Hunt for $7K Despite Price Pullback

Bitcoin (BTC) has pulled back from an 11-day high, but the short-term outlook remains bullish, the technical studies indicate. The leading cryptocurrency looked overbought yesterday, as per short-duration indicators, having rallied to $6,681 on Bitfinex on Monday – the highest level since June 22. Consequently, BTC fell back to $6,414 …

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Crypto Valley Declares Blockchain Voting Trial a ‘Success’

Zug, a city in Switzerland known as the “Crypto Valley,” has successfully completed its first test of a local blockchain-based voting system. As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on a blockchain as part of the city’s efforts to embrace the technology. …

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Banks Conduct Cross-Border Trades on IBM-Powered Blockchain

A group of European banks has announced that they have completed a series of cross-border financial trades through a jointly developed blockchain platform. According to an announcement on Tuesday, the live transactions on We.Trade were executed over the past five days between 10 companies and were facilitated by four partner …

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Bankers Tout Trade Finance as the Sweet Spot for Blockchain

Even if blockchain fatigue may have set in among bankers, there’s at least one use case they’re still clearly excited about: trade finance. At least, that was the impression given at the Blockchain Summit in London last week, where a range of bankers talked enthusiastically about the digital trade finance …

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Why Companies Need to Get on the Tokenization Train

Paul Brody is a principal and the global blockchain leader at EY. The following article is the second in a series. Read part one here. One of the most compelling uses of blockchain technology is the ability to reliably record information and verify when and where it was added to …

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