MAY 15, 2018; OTTAWA, ONTARIO - SunContract, the world’s first live blockchain-powered peer-to-peer platform that empowers individuals to freely buy, sell or trade electricity was launched on April 13, 2018. In a high-profile event attended by officials from the European Union as well as the Slovenian government, SunContract, slated to revolutionize the monopolized energy market, was launched.
With each passing year companies spend more than ever before on digital marketing services. The recent ban on cryptocurrency advertising on Facebook, Twitter and Google creates an entirely new and uncontested “Blue Ocean” market space with no competition.
ICO directories will become the main source for ICOs (Initial Coin Offerings) to get exposure in front of potential investors. We believe it’s quite useful to have a full list with ICO directories, so here it is:
As exciting as this technology is, there are some fundamental requirements for a cryptocurrency before it can successfully support atomic swaps. One such requirement is the implementation of the Lightning network.
A recent TechSci Research report titled “India Mobile Wallet Market Opportunities and Forecast, 2020”, projects that the mobile wallet market in India will grow to $ 6.6 billion by 2020. The increasing penetration of smart phones, a growing internet base as well as regulatory support has created conditions which are ripe for exponential growth of the mobile wallet market.
Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable.
The Berkeley ICO came one step closer to becoming a reality this week, earning a significant vote of approval from the local city council.
The ability to create decentralized applications (DApps) is widely considered to be one of the most promising use cases for blockchain technology. Palm, a new Ethereum-based project, aims to provide developers with the ability to tokenize in-game assets in conventional video games as well.
It is the largest community where cryptocurrency enthusiasts meet and discuss the technology. The Bitcoin subreddit has 816K subscribers, and Cryptocurrency subreddit has over 663K subscribers. But back in March, the platform disabled Bitcoin as a payment method for Reddit Gold after enabling it in February 2013.
The cryptocurrency market has recorded strong gains once again over the past 24 hours, as the valuation of the market broke the $440 billion, moving one step closer to the $0.5 trillion region. Bitcoin, Ethereum, Cardano, Bitcoin Cash, and other major cryptocurrencies demonstrated large short-term gains.
Goldman Sachs will launch a bitcoin trading desk, the investment banking giant confirmed on Wednesday.
Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need to trust a third-party.
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
Imposed largely by the United States and the European Union, there are several sanctions that prohibit countries like Venezuela, Iran, Russia, and others from certain financial activities and markets.
One of the reasons the Venezuelan government came up with a state-backed cryptocurrency was the prolonged economic stagnation in Venezuela, combined with high inflation, expected to hit the 13,000% mark in 2018 by the International Monetary Fund.
El Petro’s sale will be divided into two stages: The Pre-sale and the Initial Coin Offer (ICO), and a total of 100 mln coins will be emitted and distributed as follows: 38.4% presale, 44% public sale and 17.6% will be stored by Venezuela’s Superintendence of Cryptocurrencies and Related Activities.
El Petro is the first cryptocurrency to be issued by a federal government. According to the Venezuelan government, el Petro is an oil-backed token issued as a form of legal tender that can be used to pay taxes, fees and other public services/needs.
The Government described its plans for el Petro on a Website built exclusively for the cryptocurrency, hosted by the country's Ministerio del Poder Popular para Educación Universitaria Ciencia, Tecnología (MPPEUCT).
According to the government's website, el Petro's price will be ultimately attached to the price of a barrel of Venezuelan, derived from the previous day’s price.
Australia’s financial regulator and watchdog is turning up its scrutiny on fraudulent practices in the initial coin offering (ICO) space.
The Australian Securities and Investments Commission (ASIC) has forced “some” ICO issuers to modify or halt their coin offerings altogether after the regulator sent inquires scrutinizing their marketing practices, the ASIC said in a statement on Tuesday. The regulator did not disclose the details of the coin offerings under scrutiny.
Ripple’s global enterprise blockchain network has added its latest member in BankDhofar, an Oman-based financial institution.
During a trip to Bermuda, Binance founder and CEO Changpeng Zhao met with David Burt to sign an MOU that will see the Binance Foundation provide up to $10 million of university training in Bermuda in blockchain technology development and compliance. The MOU also states that Binance Labs will invest up to $5 million in new Bermuda-based blockchain companies.
India’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received.
Residents of Rostov, the Russian port city on the Don River, are enjoying a growing number of bitcoin-related services. Some crypto-savvy taxi drivers have started accepting Bitcoin Cash (BCH), and several BTC teller machines have been installed in supermarkets. All that happens while officials in Moscow are still mulling over the legislation needed to regulate cryptocurrencies.
The Japanese financial regulator has confirmed that so far eight companies have expressed the intention to withdraw their applications to operate cryptocurrency exchanges. Meanwhile, about 100 more companies are seeking to enter the market.
Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.