Day: November 26, 2018

The central bank must give consent to cryptocurrency issuance

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Cryptocurrency issuance – Countries around the world are regulating cryptocurrencies differently, some choosing to regulate the space and others banning them completely. Others like Malaysia have given its country’s central bank to give consent to cryptocurrency issuance. Lim Guan Eng, the Malaysian finance minister, said: “I advise all parties wishing to introduce Bitcoin (style) cryptocurrency to refer first to Bank Negara Malaysia as it is the authority that will issue the decision on financial mechanism. Do not try to do something without guidelines from Bank Negara and commit something against the…

Could Ohio’s Acceptance of Bitcoin as Tax Increase Legitimacy of Crypto?

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Businesses in the state of Ohio are now permitted to settle tax payments using Bitcoin (BTC). State Treasurer Josh Mandel, who initially proposed the integration of Bitcoin to the state to facilitate the growth of the local cryptocurrency industry, stated that he views the dominant cryptocurrency as a legitimate form of currency. “I do see [bitcoin] as a legitimate form of currency,” he said. Increasing the Legitimacy…

A Blockchain Ranking Machine to Select Promising Science-Focused Venture Projects

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For every Da Vinci funded by the Borgias and Edison patronized by Ford, there are tens, if not hundreds of inventors and genius scientists, whose innovations have never been noticed. In many cases, it was the inability to attract investors that buried promising technologies. A startup called ScientificCoin, based in California, aims to have a solution for this centuries-old problem. Nerds to the rescue The company has developed an algorithm for a bias-free, decentralized evaluation of projects so that investors can fund venture projects in science and other areas including…

Bitcoin Searches On Google Reach 8-Month High

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Bitcoin (BTC) searches on Alphabet Inc. (NASDAQ:GOOGL) search engine Google reached an 8-month high after the prices of the largest cryptocurrency in the world plummeted to a 52-week low recently. The bearish trend in the crypto market instigated crypto traders and internet users to start searching for Bitcoin related terms on the search engine. Bitcoin (BTC) searches on Google Trends show 100% increase from last two weeks Google Trends represent search interests in numbers with 100 as the highest point in the chart for a particular time and region. The…

Assessing the Consequences of the Bitcoin Cash War

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It has been more than a week since the Bitcoin Cash (BCH) blockchain was split into two during the fateful hard fork. Two opposing sides clashed over the future of BCH as an asset, and it is time to see where both parties stand, now that the dust has finally started to settle. Conservatives secured the victory, but the cost was high As described in an earlier Cointelegraph article, Bitcoin ABC (BCH ABC, where ABC stands for Adjustable Blocksize Cap) is spearheaded by the likes of Roger Ver, renowned BCH…

Singapore’s State Investment Firm Temasek Holdings To Use AI & Blockchain

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Singapore’s State Investment Firm Temasek Holdings Pte is planning to form new groups using artificial intelligence (AI) & blockchain technologies. The firm wants to set up the group so that it can explore different opportunities with the help of these innovative technologies. For this venture, the company is creating “experimental pods” through which Temasek will focus on AI and blockchain technologies. According to the company, these two technologies show a long-term trend impacting multiple geographies and industries. The Chief operating officer of key management arm at Temasek International, Chia Song…

Bitcoin News Crypto Currency Daily Roundup November 26

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The rundown: Bitcoin and all major currencies were up in the morning; Tech Bureau Europe unveils cryptocurrency watches; Thailand’s Securities and Exchange Commission issues warning against 14 unauthorized cryptocurrency businesses; and presidential candidate of Nigeria’s opposition party supports blockchain and cryptocurrency. Here is what is happening in the cryptocurrency market on Monday. SEE: Hog Producer Smithfield Partners With FoodLogiQ To Explore Blockchain Technology SEE: Catalans Exploring The Possibility Of Leveraging Blockchain In E-Voting In the News Tech Bureau Europe has introduced cryptocurrency watches in a partnership with Swiss watchmaker Chronoswiss.…

Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Anthony Pompliano, who works in Morgan Creek’s Digital Assets division, told CNBC’s Squawk Box on Monday that he believes the Bitcoin price is essentially going to bottom out with an 85% reduction in value from its previous all-time high. Prefacing that his forecast is based on previous experience in the crypto markets, he said: “85% from the all-time high is about where we’ll end up. Puts…

Bitmain Faces $5 Mln Lawsuit for Allegedly Unauthorized Mining at Clients’ Expense

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Crypto mining giant Bitmain is facing a class action lawsuit of $5 million that alleges it mined cryptocurrency for its own benefit on its customers’ devices. The filings were published under docket listings for the North District Court of California, Nov. 19. The lead plaintiff, Los Angeles County resident Gor Gevorkyan, has leveled his lawsuit against Bitmain’s U.S.– and China-based entities, alleging that the company is benefiting — without authorization — from the lengthy “initialization” period that its ASIC [Application-Specific Integrated Circuit] devices need for set up: “Until the complicated…

Blockchain Capital Leads $12.75 Mln Funding Round for US-Based Securities Tokens Startup

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An American securities tokens startup has closed a Series A funding round led by Blockchain Capital that raised $12.75 million, according to press release exclusively shared with Cointelegraph Nov. 26. Securitize, a technology platform that enables the issuances of digital securities — or security tokens — of any asset, has closed the strategic funding round ahead of the company’s plans to launch a Digital Security Offering (DSO) in 2019. The round also included participation from Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple. Blockchain Capital’s co-founder…