Headlines for the world of Cryptocurrencies - July 13, 2018
South Korean Lawmakers Hastens Legislation For Cryptocurrency And Legalize ICO
The legislators of one of the world’s biggest cryptocurrency trading markets have said to submit drafts of laws for regulating cryptocurrencies and enable it to legalize Initial Coin Offerings.
According to a local news outlet, both pro and opposition administration lawmakers are fast tracking the release of the bills that will enable the government to lift its ban on ICOs.
The draft is set to be reviewed by the National Assembly from July 13-16 which will determine the legality of cryptocurrency and ICOs.
The proposed regulations is said to coincide with the deadline of G20 nation to enact a uniform regulatory framework for the cryptocurrency.
Susquehannas Crypto Chief: Bitcoin Is The Best Crypto Investment
Bart Smith, Head of digital assets at Pennsylvania-based trading firm Susquehanna believes that the best crypto investment is still Bitcoin with its existing use cases that gives it an edge over the other cryptocurrencies.
Smith cites cross-border transfers for immigrant workers as one of them.
He said that with traditional remittance service provider’s service is slow and expensive and someone can stop you from sending money.
This is in direct contrast to BTC where it is seen fast, cheap and no one can stop any person from sending money.
Bitcoin 1MB Block limit Fading Away
In a research conducted by Bitmex reveals that the 1MB limit of Bitcoin is slowly fading away.
As more people starts using cryptocurrency, it is just but natural to see bigger blocks forming the blockchain.
With the activation of Segregated Witness (Segwit) we are beginning to see the 1 MB limit fading away albeit in a much slower pace.
This is due to being a soft-fork which means an optional upgrade.
It must also be noted that by enabling Segwit paved the way to off-chain scaling solution such as Lightning Network.
This scaling solution is said to enable Bitcoin to significantly outperform Visa in terms of transaction per second while remaining decentralized and trustless.
$60,000 Bitcoin Price Says TenX Founder
TenX founder, Julian Hosp believes that the price of Bitcoin can still hit $60,000 this year even if we have seen prices as low as $6000 which is less than half of its price last December of 2017 and early 2018.
He said that to make this possible there should be a positive event that will serve as a catalyst for this to happen such as the prospect of having a Bitcoin Exchange Traded Fund (ETF).
Such an event will probably alter market bearish sentiments to a bullish one.
In turn more good news will be released by main stream media further pushing the price and making it possible to reach 60,000 USD.
IBM Develops Blockchain For Riyadh
IBM has partnered with one of Saudi Arabias Municipal, Riyadh to co-develop a strategy to streamline government transactions and services by leveraging the Blockchain technology.
This initiative is part of Saudi Arabia’s Saudi Vision 2030 which aims to improve the quality of municipality services for customers using leading technology available.
IBM, Municipal of Riyadh and Saudi tech firm Elm Company will arrange workshops to determine which services can be enhanced by blockchain technology.
This is not the first time Saudi Arabia delve in the nascent industry.
Back in May it has conducted Blockchain Bootcamp focusing in Ethereum and its decentralized applications.
Earlier, in February, the Saudi Arabian Monetary Authority partnered with ripple to make use of its enterprise software solutions xCurrent for cross-border settlement.
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Headlines for the world of Cryptocurrencies - July 12, 2018Bitcoin Will Soon See A Significant Bull Run Based On This Trend Indicator / Blockchain Centre Launched In Singapore For SME / Crypto Courses To Be Introduced In London School Of Economics / Pirate Bay Harnessing Visitors’ CPU Power to Mine Crypto / Trading Commences On HBUS, Huobi's USA-Based Partner |
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Headlines for the world of Cryptocurrencies - July 11, 2018CBOE Bitcoin ETF By 2019? / Crypto Might Be The Future Of Mainstream Payments / Benson Oak To Finance Israeli Blockchain Startups / Patent-Pending Blockchain-Based Delivery Management System By Walmart / First Batch Of Crypto Startups Join Regulatory Sandbox of UK Watchdog |
Headlines for the world of Cryptocurrencies - July 10, 2018Baidu Launches Blockchain Platform Totem Rewards / Waltonchain Reveals Blockchain-Powered Clothing Authenticity Traceability System / South Korea Legitimizes Blockchain Industry / Huobi Launched Australian Exchange / Philippines Asia’s Emerging Sandbox for Blockchain |
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@cryptowarrior88
Thanks for the update
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