Central Bank Of Israel Wants To Learn More About Distributed Ledger Technology

The government of Israel and representatives of the central bank of Israel has recently made a request for information (RFI) about Distributed Ledger Technology (DLT).

The formal request was published on its website last December 18, 2018 dubbed as the “Regulatory Coordination of Virtual Assets.”

In the request it stated that the financial regulators of Israel believe that there is a room to renew and strengthen cooperation and coordination among all regulators and the public regarding DLT.

Other government branches are also interested to know more about DLT as the team that requested the RFI includes representatives from the country’s Securities Authority, Ministries of Finance and Justice, Tax Authority, the Israel Money Laundering and Terror Financing Prohibition Authority and other regulatory bodies.

The government wants to know the inherent risk in the nascent industry as we as the opportunities available brought by DLT in the finance industry.

The inquiry also hopes to learn if DLT can help address issues regarding Anti-Money Laundering (AML) and terrorism financing.

Parties who wants to participate in the RFI are invited to submit information on or before December 31, 2018.

Bitcoin Lightning Network Thriving

Since the inception of Bitcoin, developers have been hard at work to make the first and most famous cryptocurrency more scalable for mass adoption.

One of the solution that is widely considered as the first viable solution is the Bitcoin Lightning Network.

It is a second-layer solution that has seen unprecedented growth despite market conditions.

According to one Lightning developer of OpenNode, Rui Gomes, the network has grown at a staggering pace growing to a network capacity of 500 BTC in just a few days of operations.

This claims was corroborated y Lightning Network analytics provider, 1ML, which says that the current capacity of the Lightning Network is around 496.49 BTC which is around $193 million at current market valuations.

The scaling problem is one of the main problems identified by many pundits that is holding back the further growth and adoption of bitcoin.

With the Lightning Network (LN) the bitcoin community hopes it will be able to address this problem and enable bitcoin to facilitate instant and low-cost transactions.

With the integration of LN the bitcoin community hopes bitcoin will once again be a viable micropayments platform.

Ethereum Co-Founders Calls Crypto Bottom

One of the founders of Ethereum has recently called the crypto bottom of 2018.

Joseph Lubin said that the crypto markets bottom is marked by an epic amount for fear, uncertainty and doubt.

He states that that other people are commenting on issues and topics that they don’t have real data for ,actual insight into or understanding of.

He made these statement days after revealing that his company, ConsenSys, is currently rebalancing its priorities and activities which started nine months ago.

He also reveals that the company continues to invest in projects as a blockchain tech incubator and venture firm as well as continuously hiring manpower for internal projects that remain core to their priorities.

He expresses optimism to the future of both of his company and the Ethereum platform which has been under intense pressure for the massive lost of valuation due to market conditions.

Sources familiar with the matter has revealed that the company has been spinning out startups it previously backed, some without financial support.

They also reveal that the number of employees to be laid off could be anywhere could be between 50 and 60 percent of the total work force of around 1,200 personnel.

Cryptmatic Envoy Watch

The first watchmakers to accept Bitcoin has recently launched its third series of Bitcoin – themed watches.

Based on what has been seen from its design and features this new series does not disappoint making the new time pieces worth every satoshi. Cryptomatic, the watchmaker company, has returned the much-loved large bitcoin icon displayed on the watch’s face.

There are four variations of the watch series.

There are black and blue faces complimented by either a silver or rose-gold 216L Stainless Steel. Each of the watch comes with genuine leather straps which can be swapped easily. Additional straps can be purchased on their website that enables purchasers the ability to customize their watch.

Those who are interested on purchasing the timepiece must hurry and hope that the watches have not been sold out.

To add to the exclusivity of the watches the ENVOY will be a limited edition item.

Only a few hundred people will ever own one of these watches which will be individually numbered.

As part of the tradition on purchasing this rare time pieces the watches are only available for purchase using Bitcoin.

Crypto Beggar Extraordinaire

People begging for cryptocurrencies are nothing new.

In fact you can see them in almost all crypto-related social website.

Just look in any major cryptocurrency personality online, more often than not, you will see crypto beggars larking around asking for some cryptocurrencies in one way or the other.

No matter how they execute their begging it is pretty easy to identify this kind of behavior.

This kind of behavior is generally viewed negatively in the cryptocurrency community as there are many ways to get free cryptocurrencies without having to buy one.

One must only exert some effort on searching and one can find cryptocurrencies that are given out for free without begging.

However there is one particular person has become the Crypto Beggar Extraordinaire which has been going the rounds on twitter begging for BTC.

His target is the twitter account of a Youtuber group BeatGangPaulers.

The crypto beggar was so prolific in his spamming activity of the said account that he has made around 16,000 tweets just to ask BTC from the aforementioned Youtube personally.

The YouTube gaming star Mr. Beast, the owner of the twitter account, has since then blocked the user.

Headlines for the world of Cryptocurrencies - December 22, 2018 Pro-Bitcoin Proponent Calls For Federal Reserve Abolishment / Facebook Developing Crypto For WhatsApp / Bakkt Set to Be Launched January 24, 2019 / UAE Banks To Leveraging Blockchain Technology Soon / Western Union May Use Crypto In The future
Headlines for the world of Cryptocurrencies - December 21, 2018 Travala.com Now Listing Ripple and Dash In to Its Platform / Western Union Claims It Is Crypto Ready / Thousands Of Pump-and-Dump Groups Uncovered By Researchers / Colombia Becoming Hotspot For Bitcoin ATM / Dash Makes Another Milestone In Cryptocurrency Adoption In Venezuela
Headlines for the world of Cryptocurrencies - December 20, 2018 Coinbase Supports Four New Cryptocurrencies / Bitcoin Is A Good Asset Whatever The Price Is / Development Bank In Germany Test Blockchain For African Projects / Nasdaq Wants To Acquire Cinnober For $220M / Japan Classifies Crypto As Crypto-Assets Not To Be Confused With Legal Tender