Month: February 2018

Global shipping giant FedEx has begun efforts to integrate blockchain-based platforms into its daily operations by joining the Blockchain in Transport Alliance (BiTA) Freightwaves, a cargo shipping news organization, reported that FedEx had begun developing a set of industry standards for blockchain usage as part of the BiTA. The company, which joined the organization as a founding member, has already begun testing some blockchain platforms. FedEx, which is part of BiTA’s standards board, launched a pilot program using blockchain to store Read more …

Promoted This week the team at Bitcoin.com, the internet’s premier bitcoin portal, launched its block explorer enabling cryptocurrency enthusiasts to search the bitcoin cash (BCH) and bitcoin core networks for activities like transactions, addresses, and information about particular blocks. Also read: Bitcoin Cash Games Arrives — Play Your Favorites Faster With BCH Bitcoin.com’s Web Portal Adds a Simple to Use Blockchain Explorer Blockchains record all of the activity that’s taking place within cryptocurrency networks such as transaction times Read more …

Venezuela’s economy is in deep trouble, and the government is planning to create a token, the Petro, in attempts to dig itself out. This Tuesday, President Nicolás Maduro signed the Petro white paper, revealing its plans to create an oil-backed cryptocurrency for Venezuela. Controversy has surrounded the Petro, the price of which will be pegged to the value of Venezuela’s oil per barrel — roughly $60 in early January — since day one. Opposition legislators in Venezuelan Parliament see the currency Read more …

News This week the firm Coinshares Group has announced two new investment vehicles tethered to cryptocurrencies. Coinshares was the first organization to launch publicly traded bitcoin and ethereum-based exchange-traded-notes (ETN), and the firm’s new funds will offer retail investors more “familiar channels” to invest in the growing digital asset economy. Also Read：Chinese Investors Continue to Obtain Bitcoin Using Thriving OTC Platforms Two New Coinshares Crypto-Investment Funds: The ‘Active’ and ‘Large Cap’ Coinshares is well-known for it’s Bitcoin Read more …

When Bitcoin was still deeply buried underground in the world of unknown technology and the dark web, it was hardly seen as a threat, or even legitimate by those in power. However, it soon proved many in the mainstream wrong as it’s popularity and price skyrocketed. Both of these factors have caused regulators and governmental institutions to sit up and take notice. But more than that, they have been forced to take action in response. Regulators are indeed catching up Read more …

South Korea’s finance minister Kim Dong-Yeon has said that the government has no plans to shut down or ban cryptocurrency trading. The news is a welcome respite for investors worried that authorities might go as far as China in out-right banning cryptocurrency trading and investment platforms. “There is no intention to ban or suppress cryptocurrency,” Dong-yeon said in a statement reported by Reuters. He added that the government’s immediate task is to regulate exchanges. The comment from the Finance Minister comes Read more …

Regulation The cybercrime combating department of Ukrainian Police has voiced support for the legalization of cryptocurrencies despite sharing some concerns about them. The Cyberpolice unit also noted the need to regulate cryptos “as soon as possible”. Ukrainian parliament is yet to adopt new legislation amid mounting calls from other institutions to regulate cryptocurrencies.   Also read: Russia’s Longest-Serving Finance Minister Backs Crypto “Self-Regulation” Legalize it or Ban it It is necessary to regulate at legislative level all matters Read more …