Day: March 10, 2020

Binance Publishes Apology Letter to Steemit Community and Says It Has ‘Unvoted’

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Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. In its letter posted on March 10, Binance affirmed that it “stays neutral and has no interest in on-chain governance beyond the Binance ecosystem.” Binance also provided records of its powering down of all the 31,730,000 STEEM tokens it had staked in support of Justin Tron’s allegedly “hostile takeover” of the blockchain. Steemit vs. Tron controversy: the backstory Binance’s letter comes following a stand-off earlier this month…

Bitcoin Rebounds From Market’s Worst Day in 5 Months; Big Relief Rally Ahead?

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Bitcoin bounced after Sunday’s steep declines, which had seen the cryptocurrency logging its worst daily performance since September 2019. The bitcoin-to-dollar exchange rate on Tuesday jumped 2.21 percent to establish a new intraday high at circa $8,094. The pair’s rebound, which appeared almost like a “dead cat bounce,” raised hopes for extended bull trend, with prominent derivative trader Tyler D Coates citing a historical support trendline for helping bitcoin turnaround. “Bitcoin is testing the adoption curve trendline for the seventh time since 2013,” tweeted Coates with a chart illustrating the…

Bitcoin Rebounds From Market’s Worst Day in 5 Months; Big Relief Rally Ahead?

boss

Bitcoin bounced after Sunday’s steep declines, which had seen the cryptocurrency logging its worst daily performance since September 2019. The bitcoin-to-dollar exchange rate on Tuesday jumped 2.21 percent to establish a new intraday high at circa $8,094. The pair’s rebound, which appeared almost like a “dead cat bounce,” raised hopes for extended bull trend, with prominent derivative trader Tyler D Coates citing a historical support trendline for helping bitcoin turnaround. “Bitcoin is testing the adoption curve trendline for the seventh time since 2013,” tweeted Coates with a chart illustrating the…

Indonesia’s Commodities Regulator Approves Asia-Pacific Crypto Exchange

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Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, has given the green light to crypto exchange provider Zipmex. The approval is the latest in Zipmex’s series of applications to regulators in the Asia-Pacific region, where it has already secured a go-ahead from Thai and Australian authorities.  Regulated operations across Asia-Pacific Speaking to Cointelegraph on March 10, Zipmex’s chief legal officer Bank Yimwilai explained the exchange’s approach to navigating different regulatory regimes across the region: “Even though each jurisdiction has its own sets of rules and regulations, they are…

Leading AdTech Firms Pilot World’s First Blockchain-Powered Digital Out-of-Home Advertising Campaign for Food Delivery Giant foodpanda

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Sharing is caring! Aqilliz, a blockchain solutions provider is partnering with Moving Walls, a global advertising technology company, to facilitate the world’s first blockchain-powered Digital Out-of-Home (DOOH) advertising pilot for global mobile food delivery giant, for Foodpanda, who works with 27,095 restaurants in 193 cities and over 15,733 delivery riders in 12 countries. Hasnain Babrawala, APAC Head of Marketing, Offline Channels, for Foodpanda emphasised the brand’s commitment to accountable media spends: “As we rapidly expand across key global markets, OOH has been a major channel we leverage to consistently stay…

Reddit Co-Founder Leads $5M Funding Round for Blockchain Game Developer

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On March 7, Horizon Blockchain Games announced it has raised $5 million a fundraising round led by Initialized Capital — the investment firm co-founded by Reddit co-founder Alexis Ohanian. The raise comes ahead of the release for Horizon’s blockchain-based card game SkyWeaver. In the blog post, Horizon Blockchain Games co-founder Peter Kieltyka stated that the funds will be used to deliver SkyWeaver —  the company’s first game — to market. The raise included contributions from new investors ConsenSys, Regah Ventures and CMT Digital, in addition to existing partners Polychain, Digital…

Telegram Claims Recent Ruling Undermines SEC’s Case

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Telegram has pointed to a fresh precedent that could bolster its argument against allegations it violated United States federal securities laws. In a March 6 letter to Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York, Telegram brought attention to a recent case ruling it claims undermines the Security and Exchange Commission’s injunction against the firm.  Telegram vs. the SEC: case recap To recall, Telegram has been embroiled in a legal battle with the SEC since the latter launched an investigation last October…

Blockchain-Based Education Platform Offered to Schools Struck by Coronavirus

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Blockchain-based education technology provider Odem has announced it will provide its platform to schools and universities that were disrupted as a result of the coronavirus pandemic. In a press release published on March 9, Odem states it is offering its “online integrated learning platform and certification management system free for use to schools and educators to continue educating students until it is safe to return to campus.” Odem freely offers platform to schools disrupted by coronavirus In an interview with Cointelegraph, CEO and co-founder of Odem Richard Maaghul stated that…

Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices

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Following a successful rollout in Shenzhen last year, China’s blockchain invoicing system is being introduced to the capital. On March 2, the Beijing Municipal Office of the State Administration of Taxation announced its decision to launch a city pilot for the blockchain-based system, with immediate activation for taxpayers in selected industries. The platform is a tool for the Chinese tax bureau to tackle the underground “fapaio” market, where fraudulent receipts have been used to evade taxes, defraud employers, or claim falsified expenditures for reimbursement. In China, “fapiao” is a term…

The Government Can’t Stand Decentralized Innovations Like Bitcoin, so It Tries to Ruin Them

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Feeding the homeless, affordable medicine, an easy-to-use gas can design, starting a small business to meet the needs of one’s community — borderless, permissionless P2P electronic payments. These are all simple, practical activities and tools that can be leveraged in decentralized fashion to benefit human societies immensely. So why do we see governments consistently and violently standing against such progress? One of the latest instances of this suffocation is found in Germany’s shutting down of non-licensed bitcoin ATMs. The examples are virtually unending, though, and the timeline of such oppression…