BitCoin News

BitCoin News

EU Parliament Boasts Blockchain to ‘Empower’ Firms and People

Members of the European Parliament believe small businesses could benefit from integrating blockchain technology. The Industry, Research and Energy committee voted Wednesday to recommend that small businesses look into blockchain payment systems in a move aimed at relieving some of the costs associated with intermediary payment facilitators. In addition, an oral question will be posed to the EU Commission about the technology during a plenary session next month, according to a press release. The committee specifically suggested non-monetary uses for…

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Infosys Teams Up with Seven Banks for Blockchain Trade Finance Network

Indian IT giant Infosys is exploring the potential of blockchain technology to bring new efficiencies in trade finance. Infosys Finacle, a subsidiary of the firm, announced Wednesday the development of a trade network called India Trade Connect (ITC) in partnership with seven Indian private banks, including ICICI, Axis Bank, South Indian Bank and Yes Bank. The blockchain-based network has been designed to digitize trade finance business processes and covers areas such as ownership validation, certification of documents and payments. ITC…

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Jack Dorse: I Hope Bitcoin Will Become Internet ‘Native Currency’

Is bitcoin destined to become the default currency of the Internet? At least one well-known business executive – Jack Dorsey, the CEO of Square, who previously predicted bitcoin’s future dominance back in March – hopes that’s the case. Dorsey sat down with Elizabeth Stark of Lightning Labs at CoinDesk’s Consensus 2018 conference in New York City to talk more broadly about his company’s goals for the digital currency. “I’m just approaching with the principle that the Internet deserves a native…

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LedgerX Introduces Bitcoin Trading Options Update

Bitcoin derivatives platform LedgerX is launching a new, simplified interface that lets bitcoin investors earn interest on their holdings. The new service, announced Tuesday, operates similarly to its existing bitcoin call options with a streamlined user face for investors, according to LedgerX president and chief risk officer Juthica Chou. Chou explained: “We’re seeing more and more demand for people who want to earn some sort of interest off their bitcoin and lending is not exactly natural to people – especially…

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Bitcoin And Bitcoin Cash Payments To Be Accepted in Florida Tax Collection

A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services. Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin cash for payments associated with driver licenses and ID cards, automobile tags and titles and property tax. The office decided to accept the cryptocurrencies in an effort to streamline fee collection, reduce the potential for fraud and identity theft and increase…

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Ethereum Futures Are Finally Live on UK Trading Platform

A digital asset trading service Crypto Facilities is introducing ethereum futures contracts. Reported last Friday, the U.K. startup says the news records the very first time futures for ether – the cryptocurrency which drives the ethereum blockchain – would be exchanged on a regulated system. Investors should be able to take long or short positions, that will allow them to “broaden investment opportunities and manage risks more effectively,” based on the company. In an announcement talking about the new offering,…

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Smartphone Giant Maker To Offer First Crypto Wallet Application on Latest Smartphones

Chinese telecommunications company and smartphone manufacturer Huawei is joining up with BTC.com in order to roll out a mobile cryptocurrency application for the technology giant’s freshly released app store. BTC.com, that is owned and operated by mining giant Bitmain, monitors cryptocurrency mining and block information, while also offering an electronic wallet service. The Vice President for Business Development at BTC.com, Alejandro de la Torre, announced its new wallet application will show up in Huawei’s exclusive app store, AppGallery, that was…

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Reddit Founder: “Cryptocurrency Can Fuel a Potential New Internet”

Bitcoin and cryptocurrencies are ready to “fuel a potential new internet,” despite having a high degree of volatility, explained Alexis Ohanian, creator of the social media icon Reddit. Showing up being a guest in the Late Show with Stephen Colbert last Tuesday, Ohanian recognized the concept of a digital currency being a “store of value not backed by a single country.” Although he explained that idea may seem silly to individuals residing in more developed countries like the U.S., Ohanian…

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Upgrade for Ethereum’s Casper First Version Has Been Published

A new version of the code powering Casper, an organized change to how an ethereum system gets to consensus, has been released for broader scrutiny by auditors and client creators. Danny Ryan, the developer driving Casper FFG, published a version 0.1.0 “first release” of the code to GitHub last Tuesday, writing, “v0.1.0 marks us more clearly tagging releases to help clients and external auditors more easily track the contract and changes.“ Ryan followed up with an answer to Reddit post…

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Thailand’s Top Exchange To Fund Blockchain Market

Thailand’s national stock exchange has recently released a brand new blockchain-powered system for startups. The Stock Exchange of Thailand (SET) has introduced a crowdfunding marketplace which is created on blockchain technology in an attempt to expand the access to capital funds for local startups. Based on the report coming from the Stock Exchange of Thailand (SET) last Friday, the new service, named LiVE, makes use of blockchain to allow peer-to-peer trading in order to help startups access new capital coming…

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