Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.
CoinDesk
Iran Steps Up Plan for National Crypto After US Sanctions
Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration.
Also read: New Bill Proposes 5% Tax on Crypto Incomes in Ukraine
Mt. Gox Creditors Release Update of Civil Rehabilitation Plan
Creditors of Mt. Gox, the defunct bitcoin exchange, have announced an update to the civil rehabilitation plan agreed upon with the platform, according to a statement published on the group’s website.
The updated terms are said to be in line with the latest court position in the ongoing legal proceedings, including a confirmation that compensation must be paid to victims in bitcoin and bitcoin cash.
Viber’s Plan to Beat WhatsApp: Its Own Cryptocurrency in Russia
Viber wants to launch its own cryptocurrency in Russia for its new services platform in an effort to beat its biggest rival, WhatsApp.
Viber Considers Russia for Its Cryptocurrency Launch
The popular messaging app Viber is the daughter company of Rakuten, also known as the ‘Amazon’ of Japan. In fact, the electronic commerce and Internet giant is no stranger to cryptocurrencies — as it was one of the first companies in the world to accept Bitcoin in 2015.
Kakao, Korean Government Plan to Solve Social Problems with Blockchain
Kakao’s blockchain subsidiary has announced it will work with a government-backed agency to develop blockchain projects focused on social services.
CoinDesk
Binance Reveals Plan for $1 Billion Blockchain Startup Fund
Binance has announced it is launching a $ 1 billion “Social Impact Fund” to foster the growth of startups in the blockchain and cryptocurrency space.
CoinDesk
Promoted: Trilliant’s Plan For Crypto-Based Fractional Ownership
For many, returns are the reason for investing in cryptocurrency. The thought of garnering profit without having to become intimately involved in the technical details is a proposition that holds great appeal. However, actually achieving investor peace of mind can be tricky in light of the cryptocurrency market’s complexities — the market based on blockchain technology, unregulated emerging technology that has created new vehicles of valuation. These issues can add up to perceived levels of unpredictability that threaten the comfort of some investors.
Bitcoin Cash Fund and Yeewallet Plan to Airdrop 20 BCH
On Tuesday, May 8, the Bitcoin Cash Fund and the Yeewallet team announced a partnership that aims to further spread bitcoin cash (BCH) adoption. The organizations’ plan to bolster BCH adoption by airdropping 20 BCH to Yeewallet users who meet the airdrop requirements.
Also read: Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas on Blockchain Tech
Cryptocurrency Hurdle Is Imminent but the Team Behind the Ethereum-Based Betting Platform XWIN CryptoBet Has a Plan
Whenever there’s a thought drilling through your brain trying to get out and you have no idea quite how to word it to finally let it fly, go to the source. Chances are, there’s somebody out there who knows exactly what they’re talking about and there’s no point in rephrasing that, which is already being articulated with perfect clarity.
You’re not an American if you’re not afraid of housing bubbles, you’re not a capitalist if the current outlook of the financial sector doesn’t give you the chills, and you have no dog in the cryptocurrency fight if what’s happening with the market these last few days doesn’t concern you. But, when it comes to distinguishing, which bubble is “better” for us – financial, housing or tech – the Coindesk’s Managing editor Marc Hochstein makes a very precise point stating that: