Day: December 7, 2020

Blockstack’s Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch

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With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks token (STX) could be available to investors in the U.S. once it is no longer considered a security under U.S. Securities and Exchange Commission (SEC) regulations, according to public documents. Blockstack, a decentralized computing platform that aims to put users in control of their data and identity, launched a token sale in 2019 after filing for the SEC’s Regulation A+ crowdfunding exemption, which made the company the first approved to raise capital…

German government unimpressed by Facebook stablecoin’s rebrand

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Facebook’s Diem stablecoin, which recently changed its name from Libra, is still failing to impress German regulators. As reported by Reuters,  German Finance Minister Olaf Scholz voiced his criticism of the project on Monday after a conference between G-7 finance ministers and central bank directors. Scholz called Facebook’s project “a wolf in sheep’s clothing,” highlighting that changing its name would not change its fundamentals. According to him, Facebook and the Diem Association have failed to adequately address its regulatory risks. Until that is done, the German government “will not accept its entry…

Singapore’s blockchain industry cites supply chain management as biggest DLT use case

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Singapore’s burgeoning blockchain industry has identified asset tracking and traceability as the top use case for distributed ledger technology, underscoring the need for better supply chain management in a post-pandemic world. The findings were presented Monday in the “2020 Singapore Blockchain Ecosystem Report” by PwC in collaboration with OpenNodes, IBM, Ernst & Young and others. The report, which is based on a July survey of industry players, “gives a qualitative overview of the key developments and trends in Singapore’s blockchain ecosystem.” When asked about the various applications of blockchain technology,…

Thai Excise Department to Integrate Blockchain to Aid in Tax Collection

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According to the Excise Department, the target set for fiscal 2021 is 530 billion baht ( $17,543,863,900), a figure that is just shy of the tax revenue collected in fiscal 2020, which was 548 billion baht. ($18,141,189,280)  The excise department of Thailand is looking to integrate blockchain technology in revenue collection as well as its generation in a bid to get its economy back on track. In a report released on Monday, the Excise Department, under the scope of the Thai Ministry of Finance revealed how they plan on creating a system…

How to Play Roulette with BTC?

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All online casinos which accept BTC accept it only as a form of payment. They then use the current value of your BTC to calculate how much fiat money you have. Gambling with BTC, such as roulette, poker, and casino games is a hot topic, especially when the best roulette sites are covered by Cryptomaniaks and show their rise in popularity. The reasons are easy to see: playing roulette with BTC is easier, faster, and quite possibly even more fun than other online options. Those reasons are possible thanks to…

[VECHAIN NEWS] VECHAIN PARTNERS WITH 4 COMPANIES! VECHAIN ADOPTION 1 DAY AT A TIME

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Following 2.0 launch, Blockstack’s STX may be free to trade in the US

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Blockstack may be about to go where no token has gone before, by metamorphizing from a security to a non-security, as far as U.S. regulators are concerned. In a Monday blog post, Blockstack CEO Muneeb Ali published a legal memorandum in which the firm argues that its Stacks (STX) tokens will no longer qualify as securities once the new blockchain launches. The firm predicts that Stacks Blockchain 2.0 will be live “at the end of 2020 or the beginning of 2021.” But what does the new blockchain have to do…

Bitcoin price can hit $100,000 if BTC replicates post-March gains

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The price of Bitcoin (BTC) has quadrupled in the past nine months, which means another similar rally would put $100,000 on the table in the foreseeable future. The 1-day chart of Bitcoin (Coinbase). Source: TradingView.com Dan Tapiero, co-founder of 10T Holdings, does not expect Bitcoin to hit $100,000 in the next nine months. But, he said that it shows how fast the asset is growing and its long-term potential. He wrote: “Remarkable to think that just 9 months ago #bitcoin was at 4000. Almost a 500% rally to today. 500%…

Widespread Rollout of Digital Currencies Is ‘Absolutely Inevitable’

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The digital currency sphere has had enormous developments geared towards promoting efficient payments. According to Standard Chartered CEO Bill Winters, widespread creation and mass rollout of digital currencies is “absolutely inevitable” due to the evolution of the international payments system. Winters brought out that notion about cryptocurrency adoption during his speech at the Singapore FinTech Festival. According to him, the scope of extensive rollout encompasses both state-backed and private electronic currencies. “I think there is absolutely a role for central bank digital currencies as well as non-central bank-sponsored digital currencies,”…

German Stock Exchange’s Crypto Trading App Surpasses $1 Billion Volume This Year

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Cryptocurrency trading on the app provided by Germany’s second-largest stock exchange, Boerse Stuttgart, has hit record volumes. One billion euros in cryptocurrencies have been traded on the exchange’s crypto trading app, Bison, so far this year. 1 Billion Euros Crypto Trading Volume Germany’s second-largest stock exchange, Boerse Stuttgart, announced Monday that its cryptocurrency trading app Bison has reached a total trading volume of 1 billion euros (over $1.2 billion) so far this year. The cryptocurrency trading volume on Bison also hit record highs several days in November, exceeding 35 million…