Day: August 22, 2019

Rwandan Central Bank Looks to Issue Official Digital Currency

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Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency. BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a means to increase transaction efficiency and foster economic growth, per the report. However, Financial Stability Director-General Peace Masozera Uwase remarked that work remains to be done before implementation is on the table: “There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast…

Pundi X Expands Crypto Payments to Venezuelan Department Store Chain

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Cryptocurrency startup Pundi X has partnered with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments. Pundi X announced the expansion in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies Bitcoin (BTC) and Ether (ETH), as well as a number of other cryptocurrencies and Pundi X’s native tokens. Traki’s progressive use of crypto With 49 outlets in total, Traki is one of Venezuela’s largest department store chains, per the report.…

Bitcoin Price Stays Above $10,000 as Overall Crypto Market Sees Green

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Thursday, Aug. 22— Bitcoin (BTC), Ether (ETH), and XRP are all in the green. These top three coins fell from Monday to Wednesday, but are moving upwards again. Top cryptocurrencies are generally green across the board.  Market visualization. Source: Coin360 Bitcoin is trading over $10,120 at press time, representing a 0.08% price increase on the day. One analyst, a senior qualitative researcher at crypto investment fund Ikiga named Hans Hauge, believes that BTC is still in the middle of a bull run. According to Hauge, the Bitcoin Days Destroyed (BDD)…

U.S. Treasury Discloses Bitcoin and Litecoin Addresses of Alleged Chinese Drug Smugglers

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According to a press release dated August 21, 2019, the U.S. Treasury Department has blacklisted three Chinese citizens and one Chinese Entity for allegedly leading an online-based drug trafficking organization that was smuggling opioids inside the US. Criminals have been blacklisted and personal data have been disclosed including several bitcoin addresses and one litecoin address. Buy Drugs with Bitcoin? Think Twice! The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside with the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced in a note released on August…

Coinbase WalletLink Now Lets Clients Use DApps on Desktop Browsers

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Crypto exchange Coinbase’s user-controlled Coinbase Wallet has enabled its clients to use decentralized apps (DApps) on any desktop browser with the WalletLink service. Expanded access to DApps Per an official blog post on Aug. 22, Coinbase Wallet’s users can now use their DApps on any desktop browser through WalletLink, which serves as a bridge between customers’ Coinbase Wallet app and desktop browser.  As of press time, Coinbase has tested WalletLink with browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, Opera and blockchain-based decentralized browser Brave. The company plans to…

MouseBelt Launches Blockchain Initiative Across Three UC Campuses

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Blockchain accelerator MouseBelt has launched a blockchain education initiative at three UC universities. Blockchain education at U.S. universities In a press release shared with Cointelegraph on Aug. 22, Mousebelt announced an initiative with UC Davis, UC Los Angeles and UC Santa Barbara to support blockchain-focused education, research, and entrepreneurship. Per the release, the firm will provide an initial donation to be divided between the three campuses. Mousebelt plans to invest $500,000 for student projects and raise another $500,000 to fund researchers directly, supporting up to five early-stage companies with up…

7,000+ Sign Petition Against Drafted Cash Restrictions in Australia

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More than 7,000 people have signed a new petition against drafted cash restrictions in Australia, different drafts of which include and exclude digital currencies from proposed limits. Earlier this week, Robert Barwick, director at the Citizens Electoral Council of Australia, initiated a petition against the proposed “Currency (Restrictions on the Use of Cash) Bill 2019” recently introduced as an explanatory draft by Australia’s parliament. The drafted bill specifically proposes banning cash transactions over 10,000 AUD ($6,900), including transactions involving digital currencies. Preventing cash usage in illicit activities? The impetus for…

Feuding Ethereum Siblings Score Pre-Fork Surges as Bitcoin Price Lags

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Ethereum classic and ethereum are enjoying a nice bounce ahead of scheduled hard forks while the bitcoin price languishes. | Source: Shutterstock By CCN Markets While the bitcoin price languishes this week, ethereum classic is enjoying a spectacular spike ahead of its scheduled September hard fork. And the ethereum price is rising too. As of this writing, the price of ethereum classic (ETC) rocketed 20 percent to top $7.38 per coin. ETC has been on a sizzling rally for the past week. Ethereum classic rockets 20 percent The ETC price popped…

How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash

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On August 21, James Cramer, the developer behind the Simple Ledger Protocol (SLP), announced the launch of the Electron Cash SLP version 3.5. The latest release allows people to create a new type of SLP token called NFT1, a non-fungible token that can be grouped together by a single ID. The advanced form of SLP token creation allows people to use the system to create unique assets like gaming items, collectibles, and digital media rights. Also read: Social Network Memo Adds Decentralized SLP Token Exchange How to Create an NFT1…

FomoHunt Becomes First Merchant to Accept Huobi Tokens as Payment

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Cryptocurrency exchange Huobi’s native Huobi Token (HT) is now available for making real-world online purchases of a wide range of products from the e-commerce platform FomoHunt. Per a press release shared with Cointelegraph on Aug. 22, users of HT can now purchase clothes, art, hardware and other products from the e-commerce and cryptocurrency industry news platform FomoHunt. James Lawrence, co-founder of FomoHunt, commented on the development: “Being able to work directly with Huobi is an amazing opportunity. We are working together to allow our community users to use Huobi Token…