Day: September 27, 2018

Colombian Draft Bill on Crypto Called ‘Inconsistent,’ Criticized by Local Industry

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A draft bill on crypto regulation presented to Colombia’s Congress has been heavily criticized by the local tech sector, Colombian financial journal Dinero reports Tuesday, September 24. The draft was introduced in late July by senator Carlos Abraham Jimenez from Cambio Radical, the second largest party in the lower house of Colombia’s Congress. The bill, called “On cryptocurrencies, or digital currencies,” gave definitions for various crypto-related terms and suggested the issuance of licenses for trading coins. The bill also proposed a five percent tax on all crypto transactions, both internal…

Colombian Draft Bill on Crypto Called ‘Inconsistent,’ Criticized by Local Industry

boss

A draft bill on crypto regulation presented to Colombia’s Congress has been heavily criticized by the local tech sector, Colombian financial journal Dinero reports Tuesday, September 24. The draft was introduced in late July by senator Carlos Abraham Jimenez from Cambio Radical, the second largest party in the lower house of Colombia’s Congress. The bill, called “On cryptocurrencies, or digital currencies,” gave definitions for various crypto-related terms and suggested the issuance of licenses for trading coins. The bill also proposed a five percent tax on all crypto transactions, both internal…

FedEx Joins Hyperledger’s Blockchain Hub to Advance Widescale Adoption

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A new press release published yesterday claims that FedEx, the U.S.-based courier delivery service has just joined Hyperledger. FedEx Becomes Hyperledger’s New Partner According to the press release, FedEx has just partnered up with Hyperledger, an open-source blockchain project that aims to revolutionize cross-industry blockchain technologies. Hyperledger is hosted by the Linux Foundation, and its goal is to allow different organizations to create new applications, which would be based on the blockchain technology. Apart from apps, these organizations would also be capable of making industry-grade platforms, and even entire hardware systems…

Ripple Announces $105 Million Charity Venture for Education, Financial Inclusion Projects

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Ripple is launching a formal social impact program, dubbed “Ripple for Good,” according to a press release published September 27. The initiative will pool $25 million from the firm together with $80 million in donations to invest in projects focused on education and financial inclusion. The press release states that Ripple is still assessing which projects will form a part of their initiative, but that the choices are likely to focus on educational programs in the fields of Science, Technology, Engineering and Mathematics (STEM) and financial technology (FinTech). The firm…

BTC/USD in Interim Bias Conflict

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Bitcoin on Thursday appreciated with a modest 1.5 percent against the USD. The BTC/USD is consolidating sideways inside a giant triangular pennant, awaiting breakout any moment. In the last 24 hours, the pair somewhat repeated its price action from mid-September, flirting with 6500-pivot while being rangebound. We started with a modest jump from the previous day’s closing low at 6430-fiat and trended upside as traders entered their long positions to close them at expected intraday highs. During the European session, BTC/USD formed higher highs towards 6535-fiat only to fall prey…

Bitnovo Announces Support For Bitcoin cash

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Bitnovo has launched support for bitcoin cash (BCH). Starting September 27, users of Bitcard and N26 account, both bank-free product offerings from the Spanish cryptocurrency trading platform, will be able to replenish their cards or accounts with BCH. Payments will be supported also. Also read: Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading Users of Bitnovo Bitcard And N26 Account Can Now Use Bitcoin Cash For Top Up And Payments   Bitnovo announced today that holders of its Bitcard or N26 account can now top up both…

The Anatomy of Bitcoin Core’s Recent Bug

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Software vulnerabilities continue to be a red flag issue in crypto community. Not long ago, the top-five cryptocurrency EOS network experienced a vulnerability right in the dawn of its development. The same thing happened to Ethereum, when a series of Distributed Denial of Service (DDoS) attacks led to a significant delay in the operation of the nodes. And the news about another bug in the code came out yesterday, with the announcement made by Monero developers to patch the vulnerability, which allowed attackers to burn funds. It could seem that…

TD Bank Partners with Startup to Add Blockchain and AI Solutions to Investment Products

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Hydrogen, a NYC-based business that was recently named KPMG’s fintech startup of the year has signed a public blockchain licensing deal with TD Bank – the world’s 12th-biggest bank in terms of market capitalization. Hydrogen is a decentralized ecosystem for financial services that combines artificial intelligence, record keeping, authentication, payments and identity services. The initial phase of the collaboration will integrate Hydrogen’s APIs into TD’s WebBroker program, which will allow all TD clients to design their own financial plans and implement custom investment portfolios. Future developments will include several new…

South Korean Government to Exclude Sale, Brokerage of Digital Assets from Venture Business

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South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27.   Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported. During the recent cabinet meeting held under the Prime Minister Lee Nak-yeon presidency, the government revised the “Enforcement Decree of the Act on Special Measures for the Promotion of Venture Businesses” to exclude all sale and brokerage of digital assets based…

Bitcoin Price Could Crash to $100, Claims Forex Analyst

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There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated that the bitcoin price could plunge as far as $100, a threshold it hasn’t touched in more than five years and a mark that would place it 99.5 percent below the all-time high it set…