Daily Cryptocurrencies & Blockchain Update, September 29th, 11:15:00 CET
📬 Daily Cryptocurrencies & Blockchain Update, September 29th, 11:15:00 CET
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BREAKING NEWS
South Korea has followed the example of China and banned all "initial coin offerings" (ICOs).
South Korea’s Financial Services Commission on Friday took the decision to ban all forms of cryptocurrency-based money raising activity, saying it has "serious concern about the fact that the current market funds are being pushed into a non-productive speculative direction." Business Insider reported earlier this month that South Korea was considering a crackdown.
https://goo.gl/EjbyCd
Bitcoin
🔼 Buying and storing cryptocurrency is still a big issue for all kinds of users. Both investors and regular consumers are figuring out new ways to tackle this problem. Goldmoney, a Toronto-based precious metal financial service, will now offer vaulted services for Bitcoin and Ethereum. Customers can invest in these assets in a fully-reserved offline manner. https://goo.gl/9Mh7f2
🔼 An effort to allow investors to trade digital currencies as easily as stocks stumbled when backers withdrew two proposals to list bitcoin funds.
Intercontinental Exchange's NYSE Arca exchange on Wednesday withdrew an application with the U.S. Securities and Exchange Commission (SEC) to list Grayscale Investments' Bitcoin Investment Trust.
Also on Wednesday, Van Eck Associates Corp pulled a registration document for a bitcoin fund after saying the SEC told them they would not review the filing until futures contracts on the digital currency start trading. https://goo.gl/vNoqNa
🔼 Country scale adoption of blockchain technology and bitcoin – has find attraction by Bahrain Government and officials. The Kingdom of Bahrain, a constitutional monarchy of over 30 islands in the Persian Gulf, is taking a bitcoin-friendly approach in its advent to become a FinTech hub in the region. Khalid Al Rumaihi – chief executive of Bahrain’s Economic Development Board, on Wednesday at the MIT innovation Forum in Bahrain’s Capital of Manama revealed plans towards planting a regulatory sandbox in the country. The EDB will be take the task to plan and implement the country’s economic development actions as a government agency. https://goo.gl/uhcTav
📶 Technical Analysis: https://goo.gl/YJBz1L
Ethereum
🔼 As part of Ethereum’s Metropolis hard-fork, the second biggest cryptocurrency was set to improve anonymity. Byzantium, the first part of the long-awaited upgrade, recently went live on testnet and part of a Zcash transaction has been verified, bringing it all one step closer to reality. The announcement was published on Reddit by Christian Reitweissner, co-creator of the Solidity programming language. https://goo.gl/sf6Fiu
🔼 New York-based blockchain specialist ConsenSys has teamed with workforce marketplace Topcoder to create an ethereum engineering community on the Topcoder platform. https://goo.gl/s4iDQB
📶 Technical Analysis: https://goo.gl/yBMPPx
Upcoming ICOs
🆕 Etherparty starts in 2 days https://etherparty.io/ico/
🆕 Dentacoin starts in 2 days https://www.dentacoin.com/
🆕 B2BX starts in 3 days https://www.b2bx.pro/
Blockchain News
🔽 Accenture has been awarded a patent tied to its work on an "editable blockchain."
First unveiled last year, the professional services firm sought to create a permissioned blockchain that would allow parties to alter data in the event of errors or fraud. It was a move that stoked criticism from some observers, including some who questioned why a distributed database would be needed if not for its tamper-resistant characteristics.
🔼 The Trump administration is reaffirming its commitment to blockchain as a technology with the potential to improve U.S. government operations. Speaking at Data Transparency 2017, a conference exploring the role of open data in government this week, two senior White House officials emphasized that distributed ledger technology is increasingly being viewed as essential to U.S. policy and strategy considerations. https://goo.gl/8fUWpY
🔼 Policing think tank the Police Foundation is urging law enforcement and government to look at the ways that blockchain technology could help conduct criminal investigations – as well the challenges it could pose.
The organisation’s director Rick Muir has flagged up three major potential benefits of the technology – which distributes and updates information across a network – for the police and the wider public sector. https://goo.gl/UqhrND
🚩 Avoid Bitcoinmegapay.com
🚩 Avoid Gsmining.com
🚩 Avoid Tradeobug.com
Final Summary:
South Ban ICOs? Or is it just a SEC Style Heads up. Investors need to realise that these so called “bans” are not full bans and just fuel speculation. When it comes to this scenario the facts will outway the rumour within time.
Key Events/Conferences Today:
Enjoy your Day
Nextblock Team