Month: September 2018

Indian Govt. Think Tank, Oracle Aim for Blockchain Drug Logistics

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Indian Govt. Think Tank, Oracle Aim for Blockchain Drug Logistics September 29, 2018 by Akshay Makadiya Indian government think tank NITI Aayog has officially signed a partnership with info-tech heavyweight Oracle and others to pilot a blockchain-powered pharmaceutical logistics system aimed at combating the growing spread of counterfeit drugs. Also see: Wealth Manager App B21 Secures Enterprise Account at OKCoin Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Weeding Out the Counterfeit Drugs The National Institute of Transforming India (NITI Aayog) and Oracle India have inked an…

CFTC Shows Force Against Crypto Scammers, but Maintains ‘Do No Harm’ Approach

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This week, a United States federal district judge ruled that an allegedly fraudulent crypto token meets the definition of a commodity. That brought the case under the Commodity Futures Trading Commission’s (CFTC) purview, which has long argued that virtual currencies constitute commodities. Here what it means — and how the watchdog has been supporting its stance on cryptocurrencies’ legal status. Are cryptocurrencies commodities or securities? Well, they can be both The regulatory approach to cryptocurrencies in the U.S. is complex. While the Congress holds supreme power over federal regulatory agencies…

Cryptocurrency Markets Mainly See Red, Bitcoin Hovers Below $6,600

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Saturday, September 29: crypto markets are mainly seeing red today, with only five out of the 20 top cryptocurrencies by market cap seeing some growth by press time, according to CoinMarketCap. The daily trade volume has dropped below $16 billion, currently amounting to $15.6 billion. Market visualization from Coin360 Bitcoin (BTC) has failed to hold $6,700 support, dropping below the $6,600 price point over the day. The top cryptocurrency is down around 1.8 percent over a 24 hour period, and is trading at around $6,539 at press time. Shortly after…

Bitcoin Price Intraday Analysis: BTC/USD Reaches Key Support

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Bitcoin price on Saturday found a key support area near $6,464 after closing on the same level the previous day. The BTC/USD today rose as much as 2.5 percent from the intraday low in an upside correction attempt. Yesterday, the pair had broken below a critical near-term ascending trendline to target 6466-fiat as its primary downside, as was predicted here. It was the same level at where traders went long towards 6500-6600-fiat area, causing a corrective bounce back. By the time the market reached the mid-European session, BTC/USD had established an…

CFTC Charges Two Defendants for Defrauding Investors and Impersonation of CFTC Officials

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The U.S. Commodity Futures Trading Commission (CFTC) has filed a suit against two defendants for the allegedly fraudulent solicitation of Bitcoin (BTC), according to an official press release published on Friday, September 28. The CFTC’s complaint — filed in the U.S. District Court for the Northern District of Texas — charges the two defendants with running two fraudulent businesses and misleading the public to invest in leveraged or margined foreign currency contracts, such as forex, binary options, and diamonds. The first defendant, who goes by the name Morgan Hunt, is…

Bitcoin Retraces to $6,500 After Decent Rally, Ripple Gains Another 5%

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After rising to $6,700 on September 27, the price of Bitcoin has slightly retraced to $6,500. Ripple (XRP) still recorded a decent gain of 5 percent, extending its momentum. The volume of the crypto market has increased from $13 billion to $15 billion in the past week, demonstrating an increase in activity in the market. Interestingly, in the past 24 hours, the volume of Ethereum (ETH) has risen quite substantially to $2.2 billion. Last week, the volume of ETH hovered at around $1.3 billion. Strengthening Volume In September, especially over…

ICO statement in response to Conservative Party conference app incident

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An ICO spokesperson said: “We are aware of an incident involving a Conservative Party conference app and we will be making enquiries with the Conservative Party. “Organisations have a legal duty to keep personal data safe and secure. Under the GDPR they must notify the ICO within 72 hours of becoming aware of a personal data breach, if it could pose a risk to people’s rights and freedoms.” Source… Source Source link

The Daily: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

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Welcome to another weekend filled with tales of cryptocurrency intrigue. From shameless Bitcoin anniversary cash-ins to exaggerated claims of crypto money laundering, the Saturday edition of The Daily covers the good, the bad, and the greedy. Also read: Popular Bitcoin Wallet Samourai Ditches All Government Currencies Shapeshift CEO Hits Back at Money Laundering Claims After a less than flattering profile of Shapeshift, and its unwitting role in allegedly facilitating money laundering appeared in the Wall Street Journal, Erik Voorhees has hit back. Describing it as a “poorly-researched piece” whose “implications are…

Why Experts Consider the Bill a Failure

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Russia has been trying to pass cryptocurrency legislation since the beginning of January 2018, with no success as of yet. The government’s main bill, “On Digital Technologies,” which was expected to be passed by July 1 — according to the wishes of President Vladimir Putin — will instead most likely be pushed back until an October Duma session. According to Artem Tolkachev, the self-proclaimed “first” lawyer in the Commonwealth of Independent States (CIS) to begin working with Bitcoin (BTC) and blockchain startups, the reason the crypto bills didn’t make it…

Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire

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Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly called Seven Starts Cloud Group, has invested heavily in artificial intelligence and blockchain companies through companies they acquired and partnered with. The tech company uses the new technologies to disrupt new markets. The U.S. based…