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China Using Blockchain to Help Fight Poverty in Tibet

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The Bank of China will use the technology to upgrade their existing poverty reduction system in hopes of increasing efficiency and transparency.

The benefits of blockchain technology are both powerful and far-reaching in that it does much more than just make virtual currencies possible.

One of the industries where the efficiency, security, and immutability of blockchain can really shine is in the finance sector. As this industry is heavily reliant on record-keeping, it stands to reason that a distributed ledger could solve a host of data tracking issues.  Read more...

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New Opportunity to Join the Essentia Whitelist

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On Wednesday, May 23rd, 2018 20:00 (SGT), we are planning to open the whitelist for an addition of 2000 applicants.

The KYC/AML procedure was recently opened for applicants interested in taking part in the Essentia ICO. Shortly after the announcement, we received more than 100,000 applications for the whitelist. Due to that fact we had to temporarily close the whitelist application.

Due to increased interest in the project and crowdsale, we decided to grant an additional time window to sign up for the whitelist and perform the KYC/AML procedure.  Read more...

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Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining

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Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining

The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions.

Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context

Crypto Sales Tax

Indian Government Considering 18% Retroactive Tax on Crypto Trading, MiningThe Indian Central Board of Indirect Taxes and Customs is working on a proposal to impose an 18% tax on cryptocurrencies. The proposal will be considered by the Goods and Services Tax (GST) Council once it will finalized, “people with direct knowledge of the matter” told Bloomberg.  Read more...

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CoinJanitor and Deadcoins.com Join Forces to Clean Up Crypto

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When coins die, CoinJanitor cleans them up and now it will do so with the assistance of Deadcoins.com, the most comprehensive data source on dead coins.

CoinJanitor.io and Deadcoins.com have partnered up to clean up crypto together. Cooperation between the parties will allow both to complement each other, enhance their processes, and accelerate the market clean up process. This partnership also brings more opportunities for both CoinJanitor and Deadcoins.com in terms of enhancing their community-led efforts, refining their products, and fostering an ecosystem that has the potential to change the way the space works.  Read more...

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Here’s What Happened At Graceland’s Ethereum Conference

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Here's What Happened at EthMemphis

Throughout 2018, blockchain and cryptocurrency hackathons are taking place on every continent but Antartica. In the United States alone, conferences are happening in Las Vegas, Atlanta, Berkeley, Raleigh, San Francisco, New York City, Seattle and, of course, Silicon Valley. Some conferences will be more inclined toward a particular sector like Blockchain Health in Washington D.C. Others will target a specific demographic like Women4Blockchain in New York City. Some conferences will attract thousands in attendance; others might charge thousands of dollars for attendance.  Read more...

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CoinJar Launches Crypto Exchange with AUD Markets

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TheMerkle Australia interest Bitcoin

Australian cryptocurrency enthusiasts will be familiar with the company known as CoinJar. While initially intent on building a Bitcoin lending service, the company is now focusing its attention on running a cryptocurrency exchange. It aims to provide Australians with the fastest possible digital currency trading services, although it remains to be seen if that is a realistic goal.

The CoinJar Exchange is Live

While it is heartening to see CoinJar venture into the world of cryptocurrency exchanges, it remains to be seen how its endeavor will play out. It has become apparent that there is a major lack of competition in the country’s crypto economy right now, especially where on-ramps for fiat currency are concerned. Converting Australian dollars to Bitcoin and altcoins is not all that easy right now.  Read more...

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Blockchain Skills? Hired! $120,000+ Plus Bonus!

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Blockchain Skills? Hired! $ 120,000+ Plus Bonus!

Blockchain this and blockchain that might be so much hype, but no one can deny hundreds of millions of dollars, some say billions, sloshing around the ecosystem in search of advancing technology undergirding cryptocurrencies. There’s a battle in even the broader employment market as Facebook, Amazon, IBM and others search for blockchain development talent, pushing salaries and bonuses into the stratosphere.

Also read: CNBC Shows Bitcoin Cash (BCH) Love, Predicts Mooning  Read more...

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DATx (DATX) Gets Listed On KuCoin

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KuCoin is extremely proud to announce yet another great project coming to our trading platform. DATx (DATX) is now available on KuCoin. Supported trading pairs include DATX/BTC and DATX/ETH.

Please take note of the following schedule:

  • DATX Deposits: Effective Immediately
  • DATX Withdrawal: 20:00 May 23, 2018 (UTC+8)
  • DATX Buying order: 21:30 May 23, 2018 (UTC+8)
  • DATX Selling order: 22:00 May 23, 2018 (UTC+8)

DATx (DATX) Information

DATx – A Blockchain Empowered Revolutionary Digital Advertising Terminal. Decentralized Ad Decisioning With User Participation. DATx is a revolution of the current advertising industry, aimed to build a brand-new intelligent advertising ecosystem, with decentralization as its foundation and Artificial Intelligence as its driving engine.  Read more...

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Binance Confirms Listing of The ZenCash Privacy Coin

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ZenCash (ZEN) has just been added to Binance as the exchange’s 127th coin. ZenCash is a privacy coin that uses a similar technology which ZCash uses to secure the private blockchain.

Binance Lists ZenCash

Binance has just announced that they will be adding another cryptocurrency to their vast arsenal, this coin being ZenCash, a smaller market cap privacy coin forked off of the ZClassic blockchain, this being a fork of ZCash.

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Tari Introduces a Blockchain Protocol for Digital Assets Built on Monero

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Tari Introduces a Blockchain Protocol for Digital Assets Built on Monero

Tari, a new open-source blockchain protocol, aims to redefine the digital asset experience. Backed by institutional investors including Redpoint, Trinity Ventures, Canaan Partners, Pantera and Multicoin Capital, its founders Riccardo “fluffypony” Spagni, lead maintainer of the Monero cryptocurrency; Naveen Jain, a serial entertainment industry entrepreneur; and Dan Teree, co-founder of Ticketfly, hope to simplify the management, trade, programmability and use of all digital assets.

Current State of Digital Assets

“Today, most digital assets such as event tickets, in-game items, loyalty points and virtual currencies are siloed due to restrictions that limit their use and secondary market trade,” Jain said in an interview with Bitcoin Magazine.  Read more...

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South Korean Crypto Exchange Korbit Drops XMR, ZEC, DASH, REP, and STEEM

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South Korean Crypto Exchange Korbit Drops XMR, ZEC, DASH, REP, and STEEM

South Korean cryptocurrency exchange Korbit has announced that it will no longer support the trading of five cryptocurrencies: dash, monero, zcash, augur, and steem. This announcement came just days after hacked Japanese exchange Coincheck confirmed the delisting of privacy coins.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Farewell to Five Cryptocurrencies

South Korean Crypto Exchange Korbit Drops XMR, ZEC, DASH, REP, and STEEMKorbit, one of South Korea’s largest cryptocurrency exchanges, announced this week that it will be delisting the cryptocurrencies currently offered through its Other Digital Assets service.  Read more...

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Bitcoin Cash Price Continues to Plummet as $1,000 is in Sight

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TheMerkle Bitcoin Cash Price

It is evident things are quickly going from bad to worse for all of the major cryptocurrencies these days. All major markets are still down, a trend which began forming yesterday morning. Things have not improved in the past 24 hours by any means. The Bitcoin Cash price illustrates that problem perfectly, as it is slowly dropping to $ 1,000.  Read more...

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UK Mosque Defies Islamic Scholars To Accept Bitcoin Donations

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A UK Turkish-owned mosque will become the country’s first to accept cryptocurrency donations during Ramadan, putting it at odds with Ankara on the subject.

‘Uncharted Waters’

Shacklewell Lane Mosque in Hackney, East London, also known as Masjid Ramadan, announced the measures as part of the Islamic traditions of Zakat and Sadaqah – giving to those in need.

The only such mosque to formally accept Bitcoin in the country, and one of just several worldwide, Shacklewell Lane partnered with local Blockchain startup Combo Innovation, which specializes in what it describes as “Islamic compliant Blockchain financial solutions.”  Read more...

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Chilean President Considering Regulation of Cryptocurrencies

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Chilean President Considering Regulation of Cryptocurrencies

The Chilean president, Mario Marcel, has made comment seemingly in favor of developing a regulatory apparatus for virtual currencies. The apparent openness to regulating cryptocurrencies contrasts significantly from the recent banking embargo targeting virtual currency recently witnessed in Chile.

Also Read: Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies

Chilean President Discusses Benefits of Regulating Cryptocurrencies

Chilean President Considering Regulation of CryptocurrenciesDuring a forum recently held by Chile’s Finance Commission of Deputies, President Marcel made comments indicating that his administration is considering developing a legislative apparatus designed to regulate and monitor activities pertaining to Chile’s cryptocurrency sector. Presently, cryptocurrencies are entirely unregulated in Chile, and are not legally recognized as a means of exchange or securities.  Read more...

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Verge Cryptocurrency Suffers Its Second Hack in Less Than Two Months

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Verge Cryptocurrency Suffers Its Second Hack in Less Than Two Months

Cryptocurrency Verge has suffered what executives are claiming is a DDoS attack. The platform is experiencing a serious delay in its blockchain, which has led to security concerns amongst users and worries about the currency’s stability.

At press time, Verge is trading for roughly $ 0.052, and its market cap value sits at $ 785 million. A decrease in the currency’s price has occurred over the last hour, docking Verge down by 0.36 percent, while the coin has fallen by nearly 7 percent over the last 24 hours. Currently, Verge is the world’s 31st largest cryptocurrency per CoinMarketCap.com.  Read more...

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GENEXI Supports Innovative Biotech Projects

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In September 2017, entrepreneur Alexey Zhelyaskov founded GENEXI Biotech Accelerator. It consists of a Platform and a Foundation that bring transparency into the biotech sector through blockchain technology. Alexey outlined the project’s main business vector – supporting cutting-edge biotech projects and rewarding innovative research scientists who have dedicated themselves to an alternative industry different from the conventional life-science paths.

The GENEXI ecosystem is a biotech vendor designed to promote the culture of innovation empowering the existing community and revolutionizing pharmaceutical and biotechnology sectors, as well as embedding the blockchain technology into existing healthcare practices. GENEXI combines the professional expertise and practical experience in the industry to create a thriving ecosystem for biotech start-ups and pharmaceutical companies operating at various levels within the industry’s supply chain from all corners of the globe.  Read more...

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Blockchain Game Partners with Marketplace and Exchange

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Crypto and Dragons and Worldwide Asset eXchange™(WAX) have announced that the company’s Crypto Collectibles™ will be available on OPSkins™, a marketplace for online video game assets, and will be tradable with WAX Tokens, Bitcoin, ETH, US dollars, Euros and dozens of other currencies.  Read more...

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Bitfinex Aims to Eliminate Tax Evasion by Cooperating with the British Virgin Islands

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In the world of cryptocurrency, controversy is not all that difficult to come by. This is especially true when it comes to exchanges and trading platforms which share client information with the government. After the recent Coinbase-IRS debacle, it now seems Bitfinex is handing over a lot of customer information to the authorities as well.

Bitfinex Stirs the pot

While there are good reasons for a cryptocurrency exchange to be in active talks with a government, developments like these usually cause some negative backlash. In the case of Bitfinex, it seems the company is actively cooperating with the government of the British Virgin Islands. This move is the direct result of allegations that cryptocurrency had been used for tax evasion purposes, among other nefarious activities.  Read more...

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Golix Exchange Files Lawsuit Against Reserve Bank of Zimbabwe’s Cryptocurrency Ban

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Golix Exchange Files Lawsuit Against Reserve Bank of Zimbabwe's Cryptocurrency Ban

On May 13 2018, the Reserve Bank Of Zimbabwe (RBZ) issued guidelines in a circular that detailed cryptocurrency activities taking place within the country are now banned. The RBZ further stated that domestic digital currency operations had sixty days to become compliant. Local reports now reveal the Zimbabwe-based cryptocurrency exchange Golix plans to take the central bank to court for banning digital assets, as the firm emphasizes that the RBZ has no authority to ban cryptocurrencies across the country.

Also read: How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4  Read more...

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