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Overstock Ups Investment in Bitt, Furthering Digital Currency Issuance by Central Banks

1 month 2 weeks ago
Today, Overstocks Medici Ventures doubled down on its investment in the realm of digital currency for central banks. The additional $3 million dollar investment in Caribbean blockchain-based digital payment provider Bitt.com signals a reaffirmation of Overstock and Medicis belief in the ability of digital currencies to become the de facto means of payment transactions.Medici Ventures originally invested $4 million in the Barbados-based fintech company in 2016. At the time of the initial inves

Japan Toughens Oversight, Penalizes Cryptocurrency Exchanges

1 month 2 weeks ago
In its most sweeping crackdown yet, a Japanese regulator has penalized seven cryptocurrency exchanges, requiring two to halt operations for one month. Japans Financial Services Agency FSA announced today, March 8, 2018, that it came down on the exchanges due to their failure to provide proper internal-control systems. All of the exchanges were ordered to step up efforts to improve security and prevent money laundering.Business suspension orders were issued for FSHO and Bit Station, effective

Russian IT Giant Mail.Ru Enables Bitcoin and Bitcoin Cash Payments

1 month 2 weeks ago
One of the biggest Russian IT holdings, Mail.Ru Group, is allowing advertisers and the owners of advertising sites to pay and be paid with cryptocurrencies on the advertisement platform myTarget. Mail.Ru Group is the worldwide technology company which unites three big social networks Vkontakte, Odnoklassniki and My World ICQ messenger mobile ads service Youla popular online games Warface, Allods Online, Armored Warfare and Skyforge food delivery platform Delivery Club and ridesharing service

MetaMask Lets You Visit Tomorrows Distributed Web in Todays Browser

1 month 2 weeks ago
One of the most promising concepts of second-generation blockchains is that of dApps or decentralised applications. These are apps built on top of a blockchain. To date, few have made the headlines with the exception, perhaps, of CryptoKitties, but there is a an increasingly large amount being pushed to the Ethereum mainnet, and even more in the works State of the Dapps lists a range of projects in various stages of development.MetaMask will let users interact with these dApps using only the

Op Ed Could an Amazon Token Become a Viable Worldwide Cryptocurrency

1 month 2 weeks ago
Combining the benefits of a utility-based cryptocurrency and a company that exhibits the characteristics of a power law network creates the perfect opportunity for a globally adopted cryptocurrency the Amazon Token.Amazons Full-Circle EconomyIn this hypothetical futuristic scenario, Amazon extends on the suite of products and services it provides customers in 2018 including online shopping, physical grocery, web services, artificial intelligence, internet of things, video and music streaming

Week in Review Defining Moments in Cryptocurrencies

1 month 2 weeks ago
While Japan has been cracking down more on cryptocurrency exchanges recently, we see the state of Wyoming opening things up to make the state more attractive to the technology. At the same time, the SEC defined ICOs as money transmitters and crypto exchanges as money exchange businesses. It is rapidly becoming easier to run afoul of these quickly changing clarifications and find yourself in hot water.On the lighter side, words such as cryptocurrency, blockchain and ICO are joining Bitcoin in

De Soto Inc. Where Eminent Domain Meets the Blockchain

1 month 2 weeks ago
Just as a countrys borders drawn on a globe arent often exact, neither are the lines drawn on individual properties around much of the world. De Soto Inc., a socially-conscious joint venture between Overstock.com subsidiary Medici Ventures, Overstock founder Patrick Byrne and world-renowned Peruvian economist Hernando de Soto, has plans to solve the problems of property titles with a developed global property registry system utilizing decentralized blockchain technology.The vision of de Soto

Cryptocurrency News Round-Up From Russia Highlights

1 month 2 weeks ago
This is the first in a series of weekly news highlights about blockchain technology and cryptocurrency in Russia. Last weeks headlines included an endorsement of blockchain technology from President Putin, tax exemptions for cryptocurrencies and a legal decision that prevented the seizure of cryptocurrency assets in a bankruptcy case.Putin Endorses Technological Development in RussiaDuring his conversation with Herman Gref, the head of Russias largest bank, Sberbank, Russian President Vladimi

Cryptocurrency, Blockchain and ICO Make Their Merriam-Webster Dictionary Debut

1 month 2 weeks ago
Anyone needing an established definition for cryptocurrency, blockchain or ICO now has a trusted resource the Merriam-Webster Dictionary. On March 5, 2018, Merriam-Webster announced the addition of 850 new words, phrases and new meanings for existing words to merriam-webster.com and to the Merriam-Websters Collegiate Dictionary print edition.n Oh hey. Cool news. We added 850 new words to the dictionary! https//t.co/eyYWKHKzk7&mdash Merriam-Webster MerriamWebster March 5, 2018nnnnnnnnnn

Wyoming Blockchain Bill Rockets Ahead for Signing

1 month 2 weeks ago
In a landmark development for blockchain advancement, Wyomings state legislature has cleared what is known as House Bill 70 HB 70, which exempts various types of crypto assets from securities laws. The bill was originally passed by Wyomings House of Representatives last month on February 20. It is now headed to Governor Matt Mead for signature. According to public records, it passed by a vote of 273, with no senators abstaining. This final vote, which was expected to occur last week, was held

Slush Pool is Now Compatible With AsicBoost Bitcoin Miners

1 month 2 weeks ago
Slush Pool, Bitcoins first and oldest mining pool, announced support for AsicBoost today, March 6, 2018. Slush Pool users that have the technology embedded in the application-specific integrated circuit ASIC chips in their mining hardware can connect to the pool to mine more efficiently and, thus, more profitably.The protocol extension we propose and already implemented allows miners to use overt AsicBoost over stratum protocol, which was not yet possible, Slush Pool CTO Pavel Moravec told Bi

Halong Mining Is the First Bitcoin Mining Hardware Producer to Implement Overt AsicBoost

1 month 2 weeks ago
Halong Mining announced today, March 7, 2018, that it is embedding AsicBoost in its DragonMint mining hardware. Halong Mining is able to do so because it joined the Blockchain Defensive Patent License BDPL, giving them access to the patent-pending technology, which utilizes a trick called version rolling. With AsicBoost, the DragonMint machines should be up to 20 percent more energy efficient than they would otherwise be.We have produced and will continue to produce a significant amount of ve

FinCEN Deals Major Regulatory Blow to ICOs and Exchanges

1 month 2 weeks ago
The U.S. Securities and Exchange Commission SEC has been proclaiming for a while that initial coin offerings ICOs are securities. Now, in the latest regulatory backlash against ICOs, the federal bureau charged with enforcing the nation's laws against money laundering has decided that, effectively, anyone who sells tokens is an unregistered money transfer business. Financial Crimes Enforcement Network FinCEN made public a letter on March 6, 2018, that Drew Maloney, FinCEN's assistant

Stablecoin TrueUSD Is Now Trading on Bittrex

1 month 2 weeks ago
TrustToken has launched trading for TrueUSD, the first independently verified asset-backed stablecoin on the market that fixes its value to the U.S. Dollar. TrueUSD TUSD is live on the cryptocurrency exchange Bittrex.TrustToken is proud to launch TrueUSD so that traders can easily and quickly trade into a stablecoin that is 100 percent USD collateralized and independently verified by third-party accountants, said Danny An, co-founder and CEO of TrustToken. The market has demonstrated that the

Civic and Votems Partnership Accelerates Blockchain-Based KYC Process

1 month 2 weeks ago
Identity verification is paramount to global freedom and citizen access to public services. We see many examples of this today in terms of how barriers to documentation adversely impact issues like democratic voting processes, especially among homeless communities and refugee settlements.Todays developments in blockchain technology are now enabling solutions to these and many other verification issues. The use of distributed technology shows promise as a more robust, cost-effective mechanism

Kenyas Government Task Force to Explore Blockchains for Land and Education

1 month 2 weeks ago
Private companies, as well as national and local governments, have all caught media attention for announcing some kind of investigation or at least interest in the blockchain. Of course, one of the most notorious examples of this was Long Island Iced Tea Corporations pivot to Long Island Blockchain Corporation.On February 28, 2018, the Kenyan government announced it will appoint a task force to explore the use of distributed ledger technology and artificial intelligence over the course of a t

Nokia Launches Blockchain-Powered IoT Sensing as a Service for Smart Cities

1 month 3 weeks ago
Nokia is launching a set of services, based on Internet of Things IoT, data analytics, and blockchain technologies, for economically and environmentally sustainable smart cities.In the emerging IoT, billions of connected devices and sensors will generate vast amounts of data. Smart cities will need to retrieve, process, interpret and act upon real-time environmental data in a timely manner to ensure they remain sustainable environments for their citizens. To enable efficient IoT ecosystems fo

Bringing Renewable Energy to the World Using Blockchain Technology

1 month 3 weeks ago
Modern energy services are vital to human well-being and to a countrys economic development, yet according to the International Energy Agency IEA, globally 1.2 billion people lack access to electricity. Its thought that around 95 percent of these people are in either sub-Saharan Africa or developing Asia, with 80 percent in rural areas.Ethereum-based platform ImpactPPA is attempting to turn on the lights using the power of the blockchain.Selected as one of the top three most promising ICOs at

Bitcoin Price Analysis Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure

1 month 3 weeks ago
After seeing a rally to the $11,000s, bitcoin has managed to pull back to the $9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two monthsFigure 1 BTC-USD, 6-Hour Candles, Descending ChannelThe breakout of the descending channel red dotted channel gave hope to many bullish investors as it seemingly signaled the end of the downtrend and perhaps the beginn

Riot Blockchain Gets Hit by Another Shareholder Lawsuit

1 month 3 weeks ago
After changing its name to Riot Blockchain in October to include the word blockchain, the public company watched its stock skyrocket from $8 a share to more than $38 during a cryptocurrency rally at the beginning of the year.The first significant problem was the company did not have any real focus on blockchain technology. Before October, Riot was known as Bioptix, a maker of diagnostic machinery for the biotech industry. The company also changed its ticker symbol to RIOT from BIOP.Another pr
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