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Month: January 2018

Giant Internet Search Provider Baidu Launches Blockchain-as-a-Service Platform

Giant Internet Search Provider Baidu Launches Blockchain-as-a-Service Platform

China’s search engine giant, Baidu launches its own blockchain-as-a-service (BaaS) platform. The new open platform aims to offer the “most user-friendly blockchain tool” to businesses, primarily based on the technology developed by Baidu. The company’s dedicated website suggested that the “Baidu Trust” enables the implementing and monitoring of different transactions, and could be used in numerous use cases, such as digital billing, digital currency, payment and settlement, digital ticketing, bank credit management, insurance management, financial auditing, and others. According to Baidu, the technology has…

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KFC Canada Ready To Accept Bitcoin for Fried Chicken

KFC Canada Ready To Accept Bitcoin for Fried Chicken

Fastfood chain KFC Canada is now ready to accept bitcoin – that is, for a specific time frame and for a cryptocurrency-themed chicken bucket. This limited-time marketing scheme is a Canada-based chain advertising called “The Bitcoin Bucket”, which comes with a Facebook-based live-tracker of the standing cost for the item, which runs around 20 Canadian dollars depending upon the exchange rate with Bitcoin. With that, that is not to say that you can walk straight into the KFC store in Canada and pay with…

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Microsoft To Accept Bitcoin Again After Its Halt Due to “Instability”

Microsoft To Accept Bitcoin Again After Its Halt Due to “Instability”

Multinational technology company Microsoft is once again accepting payments using Bitcoin in its online shop. As per reported by the Bleeping Computer, Microsoft temporarily halted the transactions of Bitcoin last week due to the ‘unstable’ state of the cryptocurrency, according to the company source. The new goes on to say that the reason was likely because of Bitcoin’s current high volatility and fees. A spokeswoman coming from Microsoft has confirmed now to News.com.au that Bitcoin payments are now back in…

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South Korea to Team Up With China and Japan in Crypto Regulations

South Korea to Team Up With China and Japan in Crypto Regulations

South Korea’s finance regulators are eyeing to join up with authorities in Japan and China on setting up new rules for cryptocurrency trading. According to the report by Yonhap News last January 8, representatives from Korean Financial Services Commission (FSC) and some crypto-related organizations in China and Japan had a meeting last month to talk about the potential of cryptocurrency investment. Mr. Choi JongKu, Chairman of the Financial Services Commission(FSC) told the reporters that the said countries are planning to…

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‘Wealth Effect’ From Bitcoin Trading Could Boost Japan’s GDP, Say, Analysts

‘Wealth Effect’ From Bitcoin Trading Could Boost Japan’s GDP, Say, Analysts

Analysts from Japanese financial holdings company Nomura have estimated that the rise in the value of bitcoin could boost Japan’s economic growth. Analysts Yoshiyuki Suimon and Kazuki Miyamoto said on Friday that the “wealth effect” arising from the massive gains in the price of bitcoin could increase the country’s GDP by 0.3 percent, a Bloomberg report says. According to the researchers’ prediction, gains from Bitcoin trading by Japanese investors could see consumer spending increase in the range of 23.2 billion–96…

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Bitcoin Among Year’s Top Searches, Google Data Says

Bitcoin Among Year’s Top Searches, Google Data Says

Are people searching more for news about bitcoin or North Korea? According to recently released data from Google, bitcoin may be on top. As detailed in the search giant’s “Year in Search 2017,” an overview of what was trending in 2017, bitcoin ranked second under the “Global News” category, a distinction that indicates search volume was higher for the technology than even some of the year’s more talked-about news events including the Les Vegas shooting and this year’s Solar Eclipse….

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Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysia’s second finance minister has said the government will not ban the trading of bitcoin and other cryptocurrencies, though it will remain cautious on the technology. In an interview with The Malaysian Reserve, Johari Abdul Ghanis emphasized the importance of “striking a balance between public interest and integrity of the financial system,” adding that to ban cryptocurrencies would harm fintech innovation. Johari told the news source: “It is not the intention of the authorities to ban or put a stop…

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Payment Provider Bitrefill Runs Successful Lightning Transaction Test

Payment Provider Bitrefill Runs Successful Lightning Transaction Test

Faster and cheaper bitcoin transactions may soon go alive. A recent transaction posted on Twitter from inside the offices of prepaid phone payment provider, Bitrefill, used the Lightning network to top up a mobile (for real) at near instant speed with zero fees, as the Tweet touted. While such transaction is not yet generally available to the public and may still be largely limited to command line interfaces, it nonetheless gives a peek into how the future may look like…

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New Bitcoin Cash Tech Takes Aim at Accidental Spending Issue

New Bitcoin Cash Tech Takes Aim at Accidental Spending Issue

The developers behind Bitcoin ABC, a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC and BCH addresses. The problem stems from bitcoin cash’s hard fork last year, which resulted in the cryptocurrency inheriting the same address format as bitcoin. As reported before, the issue enables some users to accidentally send funds in one currency…

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