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Monday April 28 2018, Daily News Digest

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United States

Cryptocurrency exchange Coinbase recently tried to value itself at $ 8 billion (recode), Rated: AAA

Coinbase valued itself at about $8 billion when it made an offer in a recent acquisition dealthat included its common shares. That internal estimate is much higher than its last preferred valuation.

Are we decentralized yet? – says Brian Armstrong, CEO of Coinbase (AMBCrypto), Rated: A

Brian Armstrong, the CEO and Co-founder of Coinbase, one of the leading cryptocurrency exchange platforms headquartered in San Francisco recently posted a link on Twitter which says ‘Are we decentralized yet?’

According to the link, 6 coins out of the 15 coins are centralized. The centralized coins are:

  1. Ripple – 97% of the circulating supply of XRP is held by the top 100 accounts
  2. Cardano – 33% centralized of the circulating supply of ADA is held by top 100 accounts
  3. Stellar – 95% centralized of the circulating supply of XLM is held by top 100 accounts
  4. IOTA – 62% centralized of the circulating supply of MIOTA is held by top 100 accounts
  5. NEO – 70% centralized of the circulating supply of NEO is held by top 100 accounts
  6. Nano – 63% centralized of the circulating supply of NANO is held by top 100 accounts

Ripple Q1 Report 2018: How Well The XRP Performed? (Global Coin Report), Rated: AAA

In the first quarter 2018, market investors managed to purchase $16.6 million worth of Ripples directly from XRP II, LLC., Ripple’s registered and licensed money service business.

The first quarter of 2018 has seen many cryptocurrencies weather a period of intense volatility with an all-time market cap high of $814 billion being recorded in January. The growth of cryptocurrency over the past year has been extraordinary, for instance, early January 2017 yielded a total cryptocurrency market capitalization of only $17 billion.

7 Facts You Might Not Know About Ripple (The Motley Fool), Rated: A

3. You can’t mine Ripple

However, Ripple is different. All 100 billion XRP that will ever be created already exist, although not all are in circulation yet, which we’ll get to in the next section.

4. Only about 40% of XPR tokens are in circulation

Although there are 100 billion XRP tokens in existence, the majority of them aren’t in circulation yet. Ripple Labs owns about 60 billion XRP as of this writing, 6.25 billion of which are directly owned and 55 billion of which are in escrow accounts for future distribution. Over the next few years, 1 billion XRP will become available per month to be distributed.

6. Ripple’s network is much faster than bitcoin’s or Ethereum’s

Bitcoin and Ethereum can handle about three and 15 transactions per second, respectively, which creates a problem of scalability. Ripple’s network, on the other hand, consistently handles about 1,500 transactions per second, and the company claims it can be scaled to handle 50,000 per second — on par with Visa’s network capabilities.

Exciting Q2 Start: Bitcoin Cash Up 137%, Ethereum Up 86% & Ripple Up 83% (Forbes), Rated: AAA

Bitcoin has touched the high of $9755 in April and it could break the $10K very soon. It is up nearly 42.84% from its low since the start of Q2 and it may seem like a dream of a return for the average investor.

From the table below, rival Bitcoin Cash (B-cash) has put on impressive gains with an increase of 132% pushing the price above $1,500 for the first time since mid-February. Ethereum has put up a strong number with a positive return of over 86.67%, sitting just above $684. Let’s not forget about Ripple, it is up 83% from its low since the start of Q2. Litecoin has also been showing strength with a bullish move notching the currency with a 38% gain since the start of Q2.

crypto
Source: Coinmarketcap, ThinkMarkets, Forbes

Gemini Exchange to add Bitcoin Cash (BCH) in June: Backroom leak or just a pump? (Crypto Coin Spy), Rated: A

Today a Reddit user claiming insider information suggested that Bitcoin Cash will be added in June. The timing is significant as prices normally rise following a coin’s addition to a major exchange. Knowing a listing ahead of time allows investors to take advantage of this price movement.

Gemini exchange
Source: Crypto Coin Spy

Litecoin Payments are Quietly Starting to Catch On (CCN), Rated: A

After earning the nickname, ‘SatoshiLite’, Mr. Lee earned a job at Coinbase, the large San Francisco-based crypto-exchange. Mr. Lee left Coinbase last year. Thereafter, he sold his Litecoin so that he could act more freely as a champion for the digital currency he founded and not be accused of pumping and dumping.

The founder of litecoin said selling his entire stake ‘feels like it’s not the right decision’ (Business Insider), Rated: A

The founder of cryptocurrency litecoin has hinted that he has some regrets about selling his entire holding shortly before Christmas.

Ethereum-based ERC20 Exchange Airswap Totals Million During Its First Day of Operations (CryptoSlate), Rated: A

Market debuts are always ridden with an element of uncertainty and doubt but Ethereum-based cryptocurrency exchange, Airswap, managed to rope in more than $1 million in transactions on its very first day of operations.

US Crypto Lawyer David Silver On Why He’s To Thank For Industry’s Increased Gov’t Scrutiny (CoinTelegraph), Rated: AAA

Silver Miller law firm seems to be involved in almost every crypto-related lawsuit out there today, representing aggrieved users who have allegedly lost money to crypto industry giants CoinbaseCryptsy, Nano, KrakenBitConnect, Monkey Capital, Giga Watt, and Tezos, to name a few.

David C. Silver, a founding Partner of Silver Miller, spoke to Cointelegraph (CT) this week about his views on crypto regulation, the law’s role in the crypto sphere, and why he is not just a “Better Call Saul” kind of lawyer.

The Crypto Community Must Use the Blockchain to Self-Police (CoinDesk), Rated: A

The everyday cryptocurrency enthusiast in the future is likely to spend time identifying illicit wallets and transactions to avoid. The U.S. Treasury Department has made that inevitable.

The Negative Impact Of Having ‘All Women Panels’ At Blockchain And Cryptocurrency Conferences (Forbes), Rated: A

“Recently, I was at a summit where there was a ‘Pink Room’ – a place designed specifically for women. This was a rather offensive, yet telling sign of the industry. We should be using emerging industries like blockchain to end the stigmas of gender in technology, not to bolster it,” Anastasia Shvetsova, Managing Partner at M&A PR agency, told me.

How Women Could Send Bitcoin to the Moon (Fortune), Rated: A

While Bitcoin surged last year along with other cryptocurrencies, much of that more than 20-fold rise was driven by men. One analysis of Google searches found that 95% of people Googling “Bitcoin” were male, while only 5% were female. The trend seems to carry across to other cryptocurrencies such as Ethereum: According to another recent survey, just 4% of Ethereum traders are women.

The dearth of female cryptocurrency investors also means there is likely a lot of money sitting on the sidelines that could make Bitcoin’s price shoot higher if invested.

$ 670 Million: Bitcoin Futures Post Record Daily Volume as Market Recovers (CCN), Rated: A

Bitcoin futures volume reached an all-time high on Wednesday, peaking near a combined $670 million between regulated US exchanges CME and CBOE.

Bitcoin and the Marxist Theory of Value (AIER), Rated: A

The Marxist theory of value is more commonly known as the labor theory of value. Karl Marx employed the theory in Das Kapital. But he was by no means the first. The labor theory of value was a staple of classical economists, including Adam Smith. In brief, the labor theory of value maintains that the value of any good or service is ultimately determined by the amount of labor used to produce it.

Rather than merely reflecting the amount of labor used in production, modern economists maintain that value is ultimately determined by the subjective valuation of consumers.

St. Louis Federal Reserve says Bitcoin is ‘Like Regular Currency’ (Fortune), Rated: A

The Federal Reserve Bank of St. Louis has provided some high-profile validation for a core premise of Bitcoin and other cryptocurrency. A blog post this week based on an earlier Fed research paper said that “bitcoin units have no intrinsic value” – but added that currencies “such as the U.S. dollar, the euro, and the Swiss france . . . have no intrinsic value either.”

The post, titled “Three Ways Bitcoin is Like Regular Currency,” doesn’t precisely endorse Bitcoin or cryptocurrency.

Only 0.04% of crypto investors reported a capital gain to the US Internal Revenue Service (Oracle Times), Rated: A

The Credit Karma tax platform said that only 100 out of a total of 250,000 people reported capital gains from cryptocurrency investments.

How to Build a Proper Cryptocurrency Trading Portfolio (Coin Central), Rated: A

Although there are an endless amount of strategies when choosing coins, there are a few different tactics you should follow to minimize your risk. In this guide, we’ll teach you the tips and tricks on building your portfolio, so you have a more successful cryptocurrency trading experience.

A great way to minimize your downside risk when cryptocurrency trading is to diversify your holdings across different market caps.

Large market cap coins like Bitcoin and Ethereum may not experience the same 40-50% runs that smaller altcoins do, but their price typically holds better in bear markets.

Diversify Across Industries

You can group the most popular cryptocurrencies into a few different categories:

SEC Official Says ICO Regulation Should Be ‘Balanced’, Congressman Suggests Ban (CoinTelegraph), Rated: A

In a hearing at the US House of Representatives on Thursday, April 26, a regulator from the US Securities and Exchange Commission (SEC) and House Financial Services Committee members hotly disagreed over whether a “balanced approach” could be taken in regulating Initial Coin Offerings (ICOs).

Meet the Newest Cryptocurrency Trend: Coin Burn (The Motley Fool), Rated: A

What coin burning actually refers to is the process by which cryptocurrency miners — the persons with high-powered computers that validate transactions for coins operating on the proof-of-work model — or developers send tokens to a specified address that has private keys which are unobtainable. In plainer terms, it’s a means of removing tokens from the circulating supply so as to either slow the rate of coin inflation, or reduce the circulating supply of coins.

According to an April 20 announcement on Twitter from Antpool, a cryptocurrency mining firm that currently validates a little over 8% of Bitcoin Cash’s transactions, it’s been sending 12% of the coins it receives as block rewards for transaction validation to these aforementioned unobtainable addresses where they can no longer be used.

How to book an entire vacation with cryptocurrency (Mic.com), Rated: A

CheapAir.com was the first online travel agency to accept Bitcoin back in 2013. With it, you can purchase flights on most major airlines to virtually any destination. The site currency accepts bitcoin, bitcoin cash, litecoin and dash.

BTCTrip describes itself as “the travel agency for the cryptocurrency community.” The service allows customers to book flights and hotels using cryptocurrency, and unlike most other sites, accepts dogecoin and litecoin as well as bitcoin for payments.

Virgin Galactic accepts bitcoin as a form of payment on its commercial passenger space flights.

eGifter is technically a gift card site that accepts bitcoin, but you can use the site to buy gift cards for a number of popular airlines that can later be turned into plane tickets. Gyft works in a similar way and allows you to use bitcoin to purchase gift cards to Hotels.com, which can be used to book a hotel room almost anywhere in the world.

CoinFuel is another gift card site that can come in handy, particularly if you’re planning a road trip.

San Diego college students invest $ 1 million to create local blockchain economy (statescoop), Rated: A

A venture-capital fund run by a group of students at the University of California, San Diego, announced Thursday it has invested $1 million in a blockchain platform designed to let people own “shares” in their cities’ local economies.

Sony Files Patent for Digital Rights Storage on a Blockchain (CCN), Rated: A

Japan’s Sony has filed an application for a patent to store users’ digital rights data on the blockchain, and it stands to disrupt another industry.

The patent application, which was published by the US Patent & Trademark Office on April 26, has made its way to the top of the queue. It’s dubbed Blockchain-Based Digital Rights Management (DRM) and it was filed by both Tokyo-based Sony Corp and Culver City, Calif-based Sony Pictures Entertainment.

Intel’s David Houlding on Blockchain Solutions for Solving Healthcare Fraud (Nasdaq), Rated: A

Amid a U.S. healthcare system rife with complexity and fragmentation, fraud prevention strategies have received increased attention in recent years. This has led to greater recognition of the fact that in order to mitigate fraud risk, a more secure system that can deter either outside (cyberattacks) or inside (employee) tampering needs to be devised.

This is why many within the industry are turning to blockchain-based solutions and their promise of a cryptographically secure, distributed ledger approach to stamping out fraudulent activity.

Blockchain technology: eHarvestHub plans to make traceability more lucrative for farmers (Food Ingredients 1st), Rated: A

IT start-up eHarvestHub, backed by well-known American venture capital investor billionaire businessman Tim Draper, is introducing game-changing blockchain technology that could potentially disrupt the food chain, giving much more power to farmers by helping them to leverage lucrative returns from complying with traceability requirements.

Jumio’s Technology Creates Blockchain Passport (CRN), Rated: B

Launched in 2008, the company uses computer vision technology, machine learning and live verification experts to verify a user’s identity. The company, which partners with Branddocs, Blue Turtle and GlobeOne, has seen strong growth in recent years. In April, the company partnered with Insights Network, an EOS blockchain-based data exchange, to create a blockchain “passport”.

Reno targets to make marriage blockchain official (BCFocus), Rated: B

Now the marriages in the US will be registered with the help of a blockchain. American town of Reno (Nevada) is testing this new service. Sources report that the technology of this ledger system will be tested in the local municipality. The technology is tested for the purpose of translating the documents circulation into digital form.

Coinbase welcomes the founders of Bumpers to its team (AMBCrypto), Rated: B

On 27th April, Coinbase officially announced that the former founders of Bumpers, Ian Ownbey and Jacob Thornton, have joined Coinbase.

WPFH Acquires Digital Currency Vending Machine, Cryptocurrency Mining Equipment Company (GlobeNewswire), Rated: B

World Poker Fund Holdings, Inc. (OTC PINK: WPFH) announces that it has signed an agreement to acquire all of the assets of The Crypto Market, a digital currency vending machine business and cryptocurrency mining equipment company for 100,000 common shares of WPFH at the mutually agreed upon stock valuation of $1 per share.  WPFH has initially secured 5 locations in the Greater Los Angeles area that will host the digital currency vending machines, and will continue to seek out locations including cannabis dispensaries, casinos, and near college campuses.

Cable Providing Giant Comcast Backs Bitcoin and Cryptocurrency (TechNewsLeader), Rated: B

On Thursday Gil Beyda, managing director for the venture capital extension of Comcast, appeared on CNBC to talk about the future of Bitcoin and possible applications for blockchain technology. While his appearance did not directly reveal any proposed relationship between Comcast and Bitcoin, his conversation was overwhelmingly positive on the virtues of cryptocurrency. Compared to the usual talk by executives on the dangers of crypto and the looming bubble, particularly by the flip-flopping platform that is CNBC, it was refreshing to see a company hold such a positive and candid view on BTC.

Investors bring suit over sale of digital currency (SM Daily Journal), Rated: B

With claims those running a cryptocurrency fundraising operation attempted to skirt U.S. securities laws, a set of investors in a digital currency called Tezos are asking for their investments to be repaid, according to a class action lawsuit filed in the San Mateo County Superior Court this week.

International

Cryptocurrencies Post Huge Gains in April, Nearly 70% in Some Cases (Fortune), Rated: AAA

Bitcoin, the most expensive of the cryptocurrencies, has seen its value rise 32% so far this month, climbing from $6,978.63 to over $9,246 in mid-morning trading Friday, according to CoinMarketCap.

Ethereum, meanwhile, is up 69% in April and Ripple is showing a 66% increase.

And the MVIS CryptoCompare Digital Assets 10 Index, a crypto market cap that tracks the performance of the 10-largest digital assets, shows a 68% overall increase in April.

Binance, Bermuda Ink $ 15 Million Crypto Investment Agreement (CoinDesk), Rated: AAA

Binance plans to set up its new global compliance center in Bermuda over the next few months, Premier David Burt has announced.

Speaking at a joint press conference on Friday, Burt announced that a memorandum of understanding has been signed, under which the Binance Charity Foundation will put $10 million toward educational programs related to the tech. An additional $5 million will be invested in blockchain startups.

Here’s where cryptocurrencies are traded around the globe (Business Insider), Rated: AAA

The majority of cryptocurrency exchanges are based in the UK, but the vast amount of volume flows through the small island of Malta, new research shows.
cryptocurrency trading volume
While Malta dominates when it comes to volumes, the United Kingdom is actually the location of the largest number of exchanges — although the UK accounts for just 1% of global trading volumes, Morgan Stanley notes.

cryptocurrency exchanges

 

New Study Highlights Cryptocurrency’s Role in Cybercrime (CryptoSlate), Rated: AAA

Cybercrime is generating at least $1.5 trillion dollars in revenue every year via illicit online markets, IP theft, crimeware, and ransomware. In some cases, cybercrime revenues exceed those of some legitimate companies.

A recent study, sponsored by Bromium and conducted by Dr. Michael McGuire, examined the evolution of cybercrime and cybercriminals in recent years.

cybercrime
Source: CryptoSlate

In fact, researchers at Princeton have found that around 60% of Bitcoin transactions can be traced.

Europol estimate suggests that Bitcoin and other cryptocurrencies were used for merely 4% of the total amount of laundered money in Europe.

Pantera Capital CEO: $ 40 Trillion Cryptocurrency Market Cap Is ‘Definitely Possible’ (CoinJournal), Rated: A

The CEO of blockchain investment fund Pantera Capital Management has made the bullish claim that the cryptocurrency market could one day balloon to $40 trillion.

Digital Currency Growth Coincides with Cryptojacking Surge (cryptovest), Rated: A

The growth in digital currency values is happening alongside a rise in cryptojacking incidents, software provider Shasta QA claims.

Shasta noted in a press release that cryptocurrency prices – particularly of market leaders like Bitcoin, Litecoin, Ripple, and Ethereum – have ballooned over the past few years, especially the last couple of months. This has prompted crypto miners to resort to shady means of mining, including cryptojacking.

WikiLeaks Might Not Have Existed Without Bitcoin – Cryptography Consultant (Sputnik News), Rated: A

Sputnik: So Julian Assange has called for this global blockade of Coinbase, do you think that’s going to work? Have you heard of much support behind this?

Peter Todd: Truth be told, I would say it’s not going to work only because what he’s called for is already something that everybody believes in anyway. He’s not the first person to go and state something along this line, don’t use Coinbase. I’ve not recommended that people use Coinbase for a long time, so I think it won’t have much of an effect but only because there’s sort of already is a blockade of Coinbase.

Sputnik: Do you think the crypto sphere is really behind Wikileaks and Julian Assage?

Peter Todd: I think so, I personally use WikiLeaks as an example of why bitcoin needs to exist. I know for a fact that if bitcoin had never existed there’s a good chance that WikiLeaks wouldn’t even exist today.

AR Platform To Woo Shoppers To Blockchain By Paying Them To Watch Ads (CoinTelegraph), Rated: A

Scanetchain says it is well placed to become a big player in the booming AR industry, which is predicted to be worth $120 bln globally by 2020. According to its founders, the market’s emphasis is heavily skewed towards devices capable of displaying augmented reality, instead of developing content which can reach the masses through this technology.

European Union

Switzerland Wants to Be the World Capital of Cryptocurrency (WSJ), Rated: AAA

Four of the 10 biggest initial coin offerings last year were in Switzerland, according to PwC, more than any other country.

Swiss ICOs

Efforts to expand the so-called Crypto Valley into what Switzerland’s economics minister has called Crypto Nation have seen some success and may offset the country’s shrinking banking sector. The number of banks here has fallen 20% in the past decade, according to the Swiss Bankers Association.

Switzerland banks

The number of companies at Crypto Valley Labs and another location jumped from 15 early last year to over 100, said Mathias Ruch, managing partner at Lakeside Partners, which developed the site. “I’m signing contracts on a daily basis,” he said.

The canton of Zug, population around 120,000, has emerged as the heart of Switzerland’s Crypto Valley. Its population grew at the fastest rate of all Swiss cantons in 2017, and its jobless rate is 2.3%, below Switzerland’s 2.9% average and down 0.2 percentage points from a year ago. Its corporate tax rate is 14.6%.

Ethereum Foundation Developer Proposes Smart Contract Insurance Fund (CCN), Rated: A

Ethereum Foundation developer Alex Van de Sande has unveiled a proposal for an insurance pool that he believes will mitigate the risk of network splits stemming from a desire to recover funds frozen due to code faults in smart contracts.

France reviews tax on crypto profits down by more than half. (crypto-lines), Rated: A

After crypto investors in France went to the Supreme Court to challenge the heavy tax levied on profits from cryptocurrency trading, the tax on crypto profits has finally been reviewed from 45% to 19%. But for this to happen, cryptocurrencies have been put in a different category called ‘movable property’

DECOIN – A PROFIT SHARING CRYPTOCURRENCY WAS LAUNCHED (Bitcoinist), Rated: A

The cryptocurrency world is full of new innovations, wonderful surprises as well as risks. Every day new cryptocurrency exchanges are launching in the market. One such new cryptocurrency venture that is about to change the digital currency world is DeCoin. It features new concept for exchange investments, POS technology which is going to be the biggest thing in 2018. What is it? Let us check it out.

Malta’s Cabinet Approves 3 Cryptocurrency Bills as it Looks to Attract Crypto Investments (crypto-news), Rated: B

In a bid to promote and attract blockchain and cryptocurrency linked start-ups and entrepreneurs, the Cabinet of Malta on Tuesday has approved three bills related cryptocurrency and blockchain technology. Of the three bills, one bill, in particular, Virtual Financial Assets Bill creates legislation for regulating cryptocurrencies and initial coin offerings.

The other two bills are the Malta Digital Innovation Authority Bill and the Technology Arrangements and Services Bill.

Bitcoin Exchange BTCxChange To Close Down Next Month (BlockTribune), Rated: B

BTCxChange, Romania’s oldest Bitcoin Exchange, will be shutting down its platform next month.

United Kingdom

European Tech Unicorn Revolut Raises $ 250 Million, Adds Ripple and Bitcoin Cash Trading (SludgeFeed), Rated: AAA

Revolut, the London-based digital banking startup that claims its platform is the “easiest, fastest way to buy, hold and exchange Bitcoin, Ether, and Litecoin at the best possible exchange rate,” announced the addition of Ripple and Bitcoin Cash to its trading options. The announcement includes news that the company raised a $250 million Series C investment round and is now valued at $1.7 billion.

Revolut is planning a metal ‘Platinum’ card that will give people 1% cash back in cryptocurrencies (Business Insider), Rated: A

Fintech startup Revolut is planning to launch a new metal debit card that will let customers claim 1% cash back in cryptocurrencies, its CEO has told Business Insider.

MasterCard Cyber-security Executive Leaves Role for Blockchain Start-up Quant Network (CoinTelegraph), Rated: B

Quant CEO and Co-founder Gilbert Verdian has left his role as Chief Information Security Officer (CISO) of Vocalink – a Mastercard company, where he was responsible for the Security of the UK’s payment infrastructure for the Bank of England, covering BACS, FasterPayments, Link and Cheque & Credit Schemes – to lead the Quant Network team in the development of their block chain operating system, Overledger.

China

Binance Cryptocurrency Exchange Opens NANO Deposits & Withdrawals Again (Bitcoin Exchange Guide), Rated: AAA

There is a good news for the owners of NANO (XRB) token. Binance, one of the biggest cryptocurrency exchanges in the world is opening up its door to NANO deposits and withdrawal again.

Binance Case Update: Hong Kong High Court Rules in Favour of Zhao Changpeng (Inside Bitcoins), Rated: A

In fact, it transpires that the High Court of Hong Kong have ruled that the injunction against Zhao, that Sequoia Capital China (SCC) claimed the Binance founder had broken, was unlawful in the first place. The statement from the exchange reads:

“SCC obtained an ex parte injunction without notice against Mr. Zhao at the end of December 2017. After a hearing attended by both parties’ legal representatives in April 2018, the High Court of Hong Kong has now determined that this injunction should not have been granted, as it had been improperly obtained and constituted an abuse of process by SCC.”

Ontology [ONT] launches SmartX – A smart contract tool (AMBCrypto), Rated: A

The recent release of Ontology v0.7 and the TestNet Polaris had various important updates such as WebSocket subscribe function, smart contract pre-execute, CLI function, event push filter, new Wasm APIs, NeoVM v0.7, interoperability across VMs, SmartX and more.

Diginex sells 51% stake in crypto mining business for $ 60m (Deal Street Asia), Rated: A

Diginex Global Limited, a Hong Kong-based distributed ledger technology company, has sold a 51 percent stake in its cryptocurrency mining operations for $60 million, the company announced.

TAIWAN SET TO INTRODUCE STRICT CRYPTOCURRENCY REGULATIONS TO COMBAT MONEY LAUNDERING (Bitcoinist), Rated: B

Taiwan is set to become the latest country to introduce clearly defined cryptocurrency regulations. The new crypto regulations are being designed to combat money laundering activities in the country.

Qiu Taisan, the Justice Minister of the country says the laws should be in place by November 2018.

Australia

A Firm Wants to Reopen One of Australia’s Dirtiest Coal Plants for Blockchain Mining (GTM), Rated: A

Abraham Cambridge, founder and CEO of The Sun Exchange, a blockchain-based marketplace forsolarPV equipment, said a plan by Australian tech firm IOT Group to restart a coal-fired plant for blockchain company energy supplies is not sustainable.

Asia

Reserve Bank of India Faces Lawsuit Over Attempt to Ban Cryptocurrency Trading (The Merkle), Rated: AAA

To recap, the Reserve Bank of India issued a decree preventing lenders from doing business with cryptocurrency exchanges.

If things were left up to the cryptocurrency industry and the general public, this new ruling would never be enforced. Earlier this week, a petition was filed with the Delhi High Court challenging the Reserve Bank’s decision. The Indian constitution seemingly does not allow for such a crackdown on cryptocurrency activity, according to Kali Digital Eco-Systems, which filed the petition.

Crypto Exchange Coincheck Made $ 491 Million Profit Prior to Hack (CCN), Rated: A

Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex.

Blossom Finance Launches a ‘Halal’ Cryptocurrency Microfinance Fund (BTCManager), Rated: A

Blossom Finance, the Indonesian consultancy which recently declared cryptocurrencies as ‘halal,’ has partnered with a local VC to launch a service targeted at Islamic investors. The fund would raise money in BTC, ETH, and BCH, and invest in socially-engaged businesses in the province of Central Java.

 

Latest blockchain real estate platform offers cashback and rewards (EnterpriseINNOVATION), Rated: B

DirectHome, a service provider in the real estate sector founded in Singapore, is offering users of its online platform the opportunity to buy, sell and rent properties without the need for a real estate agent, consequently helping to significantly reduce transaction costs.

The platform claims to be the world’s first real estate platform to offer cashback and to reward contributors via Tokenomics, powered by blockchain.

MENA

Iran cryptocurrency project on track despite cenbank ban, minister says (Reuters), Rated: AAA

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country’s central bank banned trading in digital currencies including bitcoin.

Latin America

Chilean Minister Supports Cryptocurrencies After Court Sided With Exchanges (Bitcoin.com), Rated: AAA

The Chilean Minister of Economy has voiced his support for cryptocurrencies after the country’s anti-monopoly court ordered major banks to re-open the accounts of crypto operators. Three banks out of the 10 sued by local cryptocurrency exchange Buda have been ordered to re-open crypto exchange accounts.

Canada

An Overview of Canada’s Blockchain Communities (coinsquare), Rated: A

One event organizer is Hyperledger, an umbrella project of open source blockchain tools. The Linux Foundation founded Hyperledger in 2015 with the aim to foster blockchain development.

Similarly, emerging technology company, Leadweb, offers regular blockchain-focused events. The Montréal-based company aims to foster and advance Canada’s blockchain movement, and often collaborates with innovative local projects.

Reflecting the country’s current excitement towards blockchain, The Treasury Board Secretariat of Canada is hosting a GC Blockchain Day as part of its Enterprise Architecture series.

Toronto is, in many ways, a prime candidate to become a global leader in the blockchain revolution. The city already hosts many world-renowned blockchain institutions, such as the Blockchain Research Institute, which aims to investigate real world uses for the technology.

As a spinoff of The Entrepreneurship Society, The Blockchain Society(TBS) is a Toronto-based organization which runs monthly events designed to develop Canada’s blockchain community.

Authors:

George Popescu
George Popescu
Allen Taylor
Allen Taylor

About the author

Allen Taylor

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