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Crypto Expert 10 Dec 2018, 15:20
📮South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times 

Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the past eighteen months, also completed a staff training program to increase knowledge of blockchain for various applications.
According to The Korea Times, the bank implemented interest rate swap transactions using the technology on Nov. 30 in what it called a “first” for a South Korean lender.

Now, operations such as financial record-keeping are set to become automated, removing the chances of human-based mistakes and enhancing overall efficiency.
“Prior to the blockchain-based process, there had been no standardized rules governing keeping and managing financial records, a reason why market participants had to rely on their own records which often times led to errors despite the cross-checking process requirement,” the publication quotes an unnamed official as saying, adding:

“The new system helps remove such human errors and helps improve work efficiency through clearer, task-related communications rather than wasting time on correcting mistakes.”

Shinhan caused a stir in November 2017 when it announced it was working on offering its clients cryptocurrency wallets.
Since then, several partnerships and trials have seen blockchain technology specifically make its way to the forefront of the business.
In August, Shinhan signed a deal with South Korea’s largest telecoms provider KT Corporation in a move centered around provision of blockchain-based financial services.
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Crypto Expert 26 Nov 2018, 22:23
true story of crypto trader :- Bought in January with my inheritance and $700k of my parents money after I convinced them to let me invest in cryptocurrency.

I thought I just needed to figure out a strategy. at first I decided I would do hours and hours of research and then go all-in on a single project, to maximize my return on time spent researching. I picked ODN. bought at $1.70, held way too long because "muh fundamentals" and then finally sold in March for $0.14. Already I only had $90k left. I was ready to kill myself for losing so much. But I figured I could hit a few pumps and at least be back at $500k.

The reason I sold ODN (thank fuck I finally did) was WAN had just been listed on Binance and I was sure it was going to go to $40-50 dollars. I bought WAN a week or two after it went public on binance around $4, then panic sold at $5 sold after nothing was happening after a small pump, thinking I had better just take a little profit then. of course, when it hit $6 I couldn't help throw $30,000 at it. and again at $7. at $8 I was all in again. when things started going down again, I did something very stupid. I thought "I'll just hold it, iron hands, and not even look at the price for a while. when I come back, ill be rich!"

well when I looked at the prices in June I wasn't feeling so good about that approach anymore. I sold and had about $42k left. I thought maybe I needed to diversify. I bought REQ, IPSX, FSN, HOT, 0xBTC, UUU, DRGN, NANO, ZIL, ETH, and BTC. except all my ETH and BTC always ended up being converted into other other crap. I might make 10% on one trade and lose 30% on nine others. it was so depressing I stopped tracking my trades, because I didn't want to know how much I had left.

finally in October I liquidated all my shit coins and bought BTC. I had 2.17 BTC total, around $18,000. I was ready to kill myself, but I figured I had one chance left. I transferred 2 BTC to bitmex, got lucky a few times, then got liquidated. just have the 0.17 BTC left.
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Crypto Expert 22 Nov 2018, 21:52
​​Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs

Bitcoin-based smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations, the parties confirmed in two separate blog

As part of the deal, RIF Labs, the structure behind off-chain infrastructure layer RIF OS, will acquire RSK’s counterpart RSK Labs. RIF started out as a side project from the same executives who held senior positions at RSK.

Together, they plan to enable the RSK protocol to go beyond Bitcoin and Ethereum network support and include various P2P functions.

“The three principal components to the RIF OS announcement include the integration of RIF Labs and RSK Labs, the publication of RIF OS Protocols and the launch of the first implementation of the RIF Directory Protocol (the Name Services component of RIF OS),” RIF’s post explains, adding:

“RIF Labs has signed an agreement to acquire RSK Labs. With this acquisition, RIF Labs will take on the development and community support of both the RSK Smart Contract Network and RIF OS Protocols.”

Describing the latest developments, the company called the RIF OS integration a “huge milestone” and said it would help “accelerate the adoption of open source blockchain technology worldwide.”
Rootstock, the brainchild of Bitcoin Core developer Sergio Lerner, saw several years’ development before its initial mainnet release in January 2018.
“Essentially Rootstock aims to be what Ethereum is, a decentralized, Turing-complete smart contract platform. However, Rootstock aims to utilize the Bitcoin ecosystem rather than creating a new one from scratch,” blockchain engineer Albert Szmigielski explained in a 2016 blog post.
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Crypto Expert 13 Nov 2018, 12:24
Singapore Exchange Successfully Trials Blockchain for Tokenized Assets Settlement

Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX

The report reveals the data on the trial that began in August, shortly after MAS and SGX had partnered with U.S. stock market Nasdaq, “big four” consulting company Deloitte, and Singaporean tech company Anquan. As per the release, the partners have developed a blockchain-driven solution for Delivery versus Payment (DvP) capabilities — a settlement procedure where the buyer's payment for securities is due at the time of delivery.
The trial has shown that financial institutions and corporate investors are able to carry out the exchange and final settlement of tokenized assets on different blockchain platforms simultaneously. SGX believes that this could increase operational efficiency and reduce settlement risks. Moreover, the technology could further help automate DvP settlement processes by using smart contracts, the report concludes.
Tinku Gupta, Head of Technology at SGX, also revealed that the exchange has filed its first-ever patent:

“Based on the unique methodology that SGX developed to enable real-world interoperability of platforms, as well as the simultaneous exchange of digital tokens and securities, we have applied for our first-ever technology patent.”

As Cointelegraph has frequently reported, Singapore-based companies are actively testing blockchain solutions in different areas.
For example, in July, local government-owned service provider CrimsonLogic unveiled its cross-border blockchain network for global trade in order to boost the efficiency of trade corridors between China and the Association of Southeast Asian Nations (ASEAN) nations. And in October, a major corporation providing electricity and gas transmission in Singapore, SP Group, launched a blockchain-powered renewable energy certificate marketplace to buy and sell solar energy worldwide.
In late October, Nasdaq also won a U.S. patent for a smart-contract based information release system, which would allow to keep data safe before the issue. The stock market is awaiting decisions for other blockchain-related patentsas well.
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Crypto Expert 11 Nov 2018, 19:10
​​Japanese Cybersecurity Group Debuts Blockchain Scan Tool, Partners With ConsenSys Diligence

A cybersecurity subsidiary of Japan’s Nomura Research Institute (NRI) unveiled a new blockchain security alert tool in a press release Nov. 8, also confirming a partnership with U.S. blockchain software company ConsenSys.

With the tool, dubbed the “Blockchain Security Monitoring Service,” NRI SecureTechnologies (NRI ST) said it aimed to increase security in blockchain implementations, informing operators about “vulnerabilities.”

The solution’s first outing will target smart contract weaknesses, the release says, while at the same time NRI ST will work with ConsenSys’ Diligence team on expanding its security offering.
Last week, a group of researchers from two American universities found that a lack of diversity in Ethereum smart contracts could pose a threat to the ETH blockchain ecosystem.

Commenting on the partnership plans, the latter’s cofounder Tom Lindemann explained:

“We plan to collaborate closely to bring powerful automated smart contract analysis services to customers worldwide and to further our shared goal of making Ethereum safer for everyone.”
NRI itself meanwhile has continued to engage with cryptocurrency, publishing periodic outlook reports on markets.

In the future, NRI ST plans to expand its activities to fresh overseas markets via arrangements with other, as yet unnamed, “finance technology companies.”

This, the release concludes, will “widen the range of application of this service and to make contributions in the area of security in the development of blockchain technology and for the businesses that use it.”
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Crypto Expert 7 Nov 2018, 19:51
​​Mining Giant Bitfury Raises $80 Million in Closed Funding Round as Mining Market ‘Matures’

Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6.

The round, which comes weeks after rumors Bitfury was considering an IPO, was led by European venture capital fund Korelya Capital.

Other participants included South Korean internet giant Naver Group, Asian institutions Macquarie Capital and Dentsu Japan, as well as Michael Novogratz’sGalaxy Digital.

“This private placement will take our corporate governance to the next level, broaden our financial strategic options, and ideally position us for our next phase of growth as the market matures,” executive vice chairman George Kikvadze commented.

Despite the challenging market in 2018 taking its toll on mining manufacturers, Bitfury joins industry stalwart Bitmain in mulling an IPO, a trend which is also expanding to other business sectors within cryptocurrency.
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Crypto Expert 6 Nov 2018, 19:12
Azerbaijan Targets Utilities, Justice System for Blockchain, Smart Contracts Use

Azerbaijan is planning to use blockchain and smart contracts in the country’s legal system and housing sector, Central Asian-focused Trend News Agency reported Nov. 2.

Speaking to the publication, chairman of the Azerbaijani Internet Forum Osman Gunduz noted that plans for smart contract introduction in these areas by the country’s justice ministry had “attracted attention” at a meeting held Oct. 30.

“It was announced that in the future, the smart contracts will be introduced in the field of public utilities (water, gas and electricity supply),” he said, adding:

“This refers to the switch-over of existing contracts of citizens for utility services to smart contracts, which will ensure transparency and will allow to suppress the cases of falsification in this area. The citizens themselves will be able to independently control all these processes.”

Gunduz’s comments continue an increasing tendency to preference blockchain as a source of innovation in Azerbaijan.

As Cointelegraph reported last month, the Trend News Agency wrote that an intensive five-year economic plan involving the county’s central bank and IBM would seek to deploy the technology as part of a “digital transformation.”

For the justice ministry, meanwhile, the courts system forms a natural target for improvement, with Gunduz noting that progress had been suboptimal thus far.

“This refers to ‘electronic courts.’ So far, the work in this direction is very weak,” he continued, adding:
“According to my estimates, even more support is needed here.”
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Crypto Expert 31 Oct 2018, 19:49
UK: New Report Warns Over ‘Bad’ Government Cryptocurrency Regulation

U.K. businesses and analysts have hit back at government plans to regulate cryptocurrencies and related technology, describing them as a “blunt instrument approach,” British daily news outlet the Telegraph reported Monday, Oct. 29.

Calls to step up the level of power the country’s finance regulator, the Financial Conduct Authority (FCA), has over cryptocurrency — which Cointelegraph reported on in September — allegedly focus on consumer protection and anti-money laundering (AML) policy.

Now, a joint report from the British Business Federation Authority (BBFA), venture capital fund Novum Insights, and cryptocurrency exchange TodaQ has urged caution about overly far-reaching regulation.

According to the document seen by the Telegraph, “bad regulation is worse than no regulation at all,” with the implication of knock-on effects for the wider U.K. fintech scene.

“It is a very blunt instrument approach and I haven’t seen this in other countries,” BBFA chief executive Patrick Curry told the publication, adding:

“The use of this technology is still a voyage of discovery and these technologies are being refined for different types of use. My concern is the law of unintended consequences.”

The Telegraph reports that the U.K. has so far been slow to get to grips with its domestic cryptocurrency ecosystem, despite London being home to some of the industry’s well-known names such as trading platform eToro and exchange Bitstamp.

In March, the FCA initiated a cryptocurrency “task force,” the premise of which was to assess “what to do about” the phenomenon, FCA chairman John Griffith-Jones said at the time.

Cryptocurrencies, he added, had “the potential of causing consumer harm unless brought within the regulatory perimeter.”
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Crypto Expert 18 Oct 2018, 14:14
​​Blockchain Startup Offering ‘Dynamic Fees’ To Help Users Save Money On Transactions

A blockchain-driven startup believes that blockchain technology has the potential to be more than a “one trick pony designed for investors” – setting the objective of creating cutting-edge technology for fast transactions, and delivering “practical services for real people.”

According to ARK, its entire ecosystem has been built around encouraging the mass adoption of cryptocurrency through a user-friendly platform. The company says its team is determined to ease consumers into blockchain by creating easy-to-use tools and products that gradually increase awareness and general knowledge about the opportunities that blockchain technology provides.

Among ARK’s distinctive features is a development called SmartBridge, which enables its blockchain to interact with any other popular networks, including Bitcoin and Ethereum. “Continuous risk analysis and internal recurring penetration testing is constantly being carried out” to assuage fears about security.

Overall, the company hopes to make blockchain creation and adoption as easy as making a website with Wordpress.

Desktop, mobile, and hardware wallets

ARK believes one of its strengths is its easy-to-use wallets. Syncless, paving the way for “very fast” transactions, they are compatible with all ARK based blockchains and can be customized with plugins and personalized to fit users. Ledger Nano hardware has been built into the wallets for added security.

A major hurdle to cryptocurrencies becoming more popular in public circles has been the risk of transactions being delayed because of congested systems. ARK says its network resolves this by being “one of the fastest in the industry” – with block times being completed in just eight seconds.

ARK also believes that it has managed to protect itself against any potential issues when it comes toscalability in the future. Through the SmartBridge functionality, the platform says it is “able to offload non-essential functions to hundreds of parallel chains.” Therefore, making the team believe that this paves the way “for great scalability, while keeping the main ARK blockchain lean and fast.”

The power of dynamic fees

Another concept put forward by the ARK Network is dynamic fees. This makes ARK the first DPoS based blockchain to achieve this feat, the company says. Here, the speed with which a transaction is processed will hinge upon how much the consumer is willing to pay in terms of fees. The startup hopes that this will deliver financial flexibility to the community without detracting from a “seamless user experience” – and the platform says it will be reviewing this feature’s progress and make tweaks wherever necessary. In short, it means someone who needs their crypto in a hurry can jump to the front of the queue by paying a higher fee, while someone watching their pennies can pay less for transfers as long as they are willing to wait a little longer for it to be processed.

ARK’s website comes complete with detailed updates of how far along it has come in completing certain milestones – as well as providing a due date. For example, at the time of this writing, it was 84 percent through a “total overhaul” of the ARK Core – paving the way for a plethora of new features, including a higher number of transactions per second. It is expected to be released later in October or early November.
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Crypto Expert 29 Sep 2018, 10:34
Major altcoin Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019, according to Fundstrat head of research Tom Lee, as Bloomberg reported September 27.

In a note to clients of Fundstrat Global Advisors, Lee noted the “overly negative” sentiment on the Ethereum market, which he says will be a basis for its strong rebound in the near future.

In his prediction, Lee has referenced the historical performance of Ethereum, citing that the times when the altcoin “underperformed peers by two standard deviations,” the price trend saw a subsequent reverse.

Lee concluded that Ethereum will reach $1,900 by the end of 2019 — a price point that is at least 40 percent higher than Ethereum’s all-time high of $1,349, recorded on January 13, 2018. The price of Ethereum is $230 at press time, meaning that the altcoin’s price will surge by 726 percent by the end of the year, according to Lee.

In July, Lee reiterated his bull position in regard to major cryptocurrency Bitcoin (BTC), claiming that the cryptocurrency could trade between $22,000 and $25,000 by the end of the year. Most recently, the crypto analyst concluded that Bitcoin “could end the year explosively higher,” citing a correlation between BTC and emerging markets.

Launched on July 30, 2015, Ethereum is the second largest cryptocurrency by market capitalization at press time. Ethereum provides an open-sourced blockchain that features smart contracts and a basis for emerging blockchain-powered applications in a number of industries.

After surging to above $1,300 in early 2018, Ethereum has seen a massive decline, with the current price amounting to just around 17 percent of the all-time high. Ripple (XRP) has twice overtaken Ethereum in terms of market capitalization in September.
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Crypto Expert 27 Sep 2018, 13:30
Kenyan Distributed Ledgers and Artificial Intelligence task force chairman Bitange Ndemo has said that the government should tokenize the economy, local news outlet The Star reported September 25.

The taskforce was established in March by the government of the Republic of Kenya in order to evaluate proposals on how to deploy blockchain technology in the public sector. The working group consists of local blockchain startups, experts, researchers, regulatory bodies, lawyers and other associated parties.

Speaking at an Information and Communication Technology Ministry (ICT) stakeholders meeting with the private sector, Ndemo reportedly asserted that the government should consider tokenization of the economy in order to deal with “increasing” rates of corruption and uncertainties. This move, according to Ndemo, would have the government print less hard currency. The chairman said:

“We must begin to tokenize the economy by giving incentives to young people to do things which they are paid through tokens that can be converted to fiat currency.”

In addition, Ndemo stated that the adoption of tokens could reduce unemployment levels, outlining the necessity of issuing a digital currency equivalent to a fiat currency. The ICT Principal Secretary Jerome Ochieng said that the government will develop relevant policies to process the recommendations proposed by the taskforce.

Notably, the Central Bank of Kenya (CBK) issued a circular to all banks in the country in April, warning them against dealing with cryptocurrencies or engaging in transactions with crypto-related entities. CBK Governor Patrick Njoroge cited crypto’s prevalence in illegal activities, its anonymous nature, and its lack of centralized control as the impetus for the ban.

In June, decentralized liquidity network Bancor launched a network of blockchain-based community currencies to fight poverty in Kenya. The project seeks to stimulate local and regional commerce and peer-to-peer activity by enabling Kenyan communities to create and manage their own digital tokens.
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Crypto Expert 26 Sep 2018, 17:03
IBM and members of the U.S. Congressional Blockchain Caucus discussed the use of blockchain for ID systems, payments, and supply chains during a meeting today, September 24, according to a press call attended by Cointelegraph.

IBM recently published a report entitled “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” made in collaboration with the U.S. Congressional Blockchain Caucus.

The report summarizes a series of roundtable discussions between U.S. Representatives Jared Polis (author of “The Cryptocurrency Tax Fairness Act,” which proposes to abolish crypto taxes below $600) and David Schweikert, along with Thomas Hardjono, technical director at the Massachusetts Institute of Technology (MIT) and Jerry Cuomo, vice president for blockchain technology and CTO at IBM.

IBM and MIT held three meetings with members of Congress, discussing the need for government funding of blockchain innovation and regulatory sandboxes, in which the state would be able to test different solutions before they are brought to the market.

As Cuomo said during the press-call, experts could study blockchain “the whole day”, but eventually it must be made available to citizens. He stressed that it was “time for the [U.S.] to start acting” on blockchain integration in daily life. “Blockchain is ready for government, let's get government ready for blockchain,” he added.

Rep. Polis, who previously proposed making Colorado a “national hub for blockchain innovation in business and government,” said that the state has only begun to see “the promise of blockchain technology,” which exceeds cryptocurrencies and tokens.

He stressed the importance of creating the best legal framework for innovation and blockchain implementation, which could significantly improve the quality of life of Americans. Polis also added that blockchain might address “the real lack of trust in centralized institutions.”

Polis further mentioned the importance of relevant crypto taxation. “We want to make sure that people using cryptocurrencies won't pay taxes for buying a cup of coffee or a magazine,” he said. However, when later asked on tax holidays for crypto startups, IBM CTO Cuomo said that was “a really big question” that had not yet moved much beyond “small dollar amounts.”

During the call, Rep. Schweikert — who previously urged the Internal Revenue Service (IRS) to clarify crypto taxation — said that medicine and social projects would see the most benefit from blockchain solutions. However, he noted that specific encryption standards should be elaborated to protect data — an aim pursued by the caucus’ partnership with several institutions such as MIT and the National Institute of Standards and Technology (NIST).

As Cointelegraph reported earlier this week, U.S. Congressman and Blockchain Caucus member Tom Emmer announced that he would introduce three bills to support the development of blockchain technology and cryptocurrencies, as well as establish a safe harbor for taxpayers with “forked” digital assets.
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Crypto Expert 21 Sep 2018, 19:13
Will Scammers Have to Answer before the Law? The First Precedents of Legal Proceedings

The New York court stated that the legislation governing securities is directly related to two ICOs which turned out to be scams. This verdict was one of the first of its kind and, in fact, laid the foundation for the further prosecution of fraudulent actors in America. In the opinion of crypto enthusiasts, the whole world has long needed legislative initiatives of this kind, but they should be introduced very carefully, after scrupulous consideration of all the factors that can be decisive in assessing the severity of the blame.
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Crypto Expert 20 Sep 2018, 17:32
Poland’s largest bank will launch a blockchain solution for its customer documents via a partnership with UK-based Coinform “in the coming days,” the parties confirmed in a press release Thursday, September 20.

Part of a drive to enhance security of customer data, PKO Bank Polski will use Coinform’s Trudatum to provide blockchain-issued paperwork to its some five million account holders.

“Blockchain offers huge potential to increase competitiveness of the Polish banking sector,” am Marciniak, vice president of the bank’s management board commented.

“This is a relatively new technology for which further applications are constantly being found worldwide.”

The plans had originally surfaced in March, with the first issuance set to involve documents relating to the European Union’s PSD2 privacy directive which came into force this year.

The move stands out in the Polish banking industry, which is only beginning to implement blockchain at a time when cryptocurrency businesses in the country continue to complain about hostile treatment from institutions.

“It shows that the Polish financial industry is still open to innovation and sets international trends,” Coinfirm CEO and cofounder Pawel Kuskowski continued.

In May PKO began recruiting startups for its fintech initiative dubbed “Let’s Fintech With PKO Bank Polski!” with the blockchain partnership arising from that initiative.

Executives “search for fintech companies that are ready to pilot their solution and scale their business in partnership with the Bank,” the program’s website explains.
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Crypto Expert 19 Sep 2018, 16:47
The second Russian Congress of Decenturion citizens in Moscow was held with the participation of world experts of the blockchain industry and ambassadors of foreign countries

Citizens and senators of Decenturion, heads of Ministries of the state, determining its ideology, economics, politics and status in the international arena participated in the congress. Ambassadors and representatives of foreign countries joined the delegates. The first in the history blockchain voting of citizens determined the architectural appearance of the building development on the island of Decenturion.

September 15th, 2018 - the Decenturion State, using decentralized technologies in the economy, lawmaking and social sphere, hosted the Second Russian Congress of Decenturion citizens in Crocus City Hall in Moscow on September 13th. More than 3,000 followers of the blockchain industry that wanted to join the decentralized independent community of Decenturion or already the Decenturion citizens, took part in the work of the Congress. For the first time the congress and its live broadcast were held in three languages: English, Russian and Chinese.

The subject of the Congress was the economy and the industry of the Decenturion State, therefore the format of the event included a business program, an exhibition of blockchain-startups, and a presentation of the strongest graduates of the Decenturion accelerator on the main stage.

According to the inspirer and ideological leader of the Deenturion State, Minister of Information, Nikolay Evdokimov, the congress was held at a very high organizational level and had a positive emotional background. The presence of Ken Rutkowski, a major entrepreneur and creator of the most popular radio talk-show and podcasts about business and crypto-currencies in the USA played a significant role in the positive spirit of congress delegates. Thanks to Ken, one of the new traditions of the congress was born: the creation of large selfies with a huge number of participants.

At the Congress, the new Head of the Ministry of Foreign Affairs of Decenturion, Mr. Aniсet Gabriel Kotchofa, was presented. Extraordinary and plenipotentiary ambassadors to the Russian Federation of the Republics of Ghana, Nigeria, Guinea Bissau, the delegations of Ethiopia, Yemen and Cameroon, who participated in the work of the congress, joined the event as well.

On the main stage of the Congress the presentation of lapel badges - author's handmade diamond brooches were presented to the Senators of Decenturion.

The participants of the Congress were addressed speeches by:
● Bobby Lee, the founder of the oldest bitcoin exchange BTCC and board member of the Bitcoin Foundation;
● Helen Disney, founder of the platform "Unblocked", a European expert in the field of blockchain application;
● Ms. Deng Feiji, co-founder of the Trump Capital Foundation and the Chairman of the China Blockchain Alliance.

The work of the Congress was covered by more than 80 journalists of Russian and foreign media, who were given dozens of interviews by the congress guests of honor and the ministers of Decenturion.

At 17:30 Moscow time, the historic results of the world's first blockchain state vote were summed up, in which the Decenturion citizens took part. For the general discussion, the projects of the first building of the island were presented - the future architectural appearance of the capital of the state largely depends on this choice. Citizens chose architectural project №1, which scored 43% of the voting.
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Crypto Expert 18 Sep 2018, 17:41
A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16.
Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public awareness and insufficient crime prevention tactics.
“...Faith in digital currencies will always be questioned as long as its source and tracking system remain unknown,” the Times paraphrases Tamim.
Dubai has taken a progressive-stance on both cryptocurrency and blockchain regulation in recent years, with the highly-publicized Blockchain Strategy and state-level interest putting the United Arab Emirates considerably ahead of its neighbors in the sector.
During the panel, other senior figures echoed Tamim’s enthusiasm, arguing the UAE should release a “digital UAE cryptocurrency using blockchain technology.”
Others were more prudent, Dr Saeed Al Dhaheri, chairman of digital smart services provider Dubai SmartWorld calling for regulations to be in place in what was still a turbulent industry.
“For every one successful digital transaction, there are five failed currencies,” the Times quotes him as saying.
Last week, reports emerged that UAE lawmakers would soon adopt formal regulations pertaining to both fintech and ICOs.
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Crypto Expert 17 Sep 2018, 15:43
A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital Financial Assets,” Forklog reported Thursday, September 14.

The alternative bill will be developed by a group of high-ranked Russian managers such as billionaire Vladimir Potanin, owner of the nickel and palladium mining and smelting company Nornickel, and Viktor Vekselberg, head of the Russian innovation fund Skolkovo. Both are listed among the top ten richest businessmen in the country by Forbes.

The expert council for the lobby group is formed by representatives of various ministries, departments and the Russian State Duma.

According to RSPP vice-president Elina Sidorenko, the new bill will divide digital assets in three groups: tokens, which will be equivalent to securities, cryptocurrencies, and digital “signs”. She further explained that cryptocurrencies will be treated differently:

“Cryptocurrencies will have a special status, which has never appeared in Russian legislation before, and will be regulated on the basis of laws and regulations that will be issued by the Russian Central Bank. The Central Bank will issue licenses for exchange operations. In this regard, the status of crypto owners will be notably facilitated in comparison to securities owners.”

Sidorenko stressed that tokens will also fall under the law on securities, while “digital sign” issuers will not need to apply for licences from the central bank. She did not specify what “digital sign” meant legally.

Sidorenko hopes that the alternative bill will help eliminate contradictions in the state bill that she calls “unfinished and fragmented”. Per Sidorenko, the RSPP document will rely on the actual legal framework in Russia and will take other countries’ experience into consideration.

The alternative bill must first be approved by the RSPP, which will then discuss it with Russian officials later in October, Forklog reports.

The bill “On Digital Financial Assets” was accepted by the State Duma in the first of three readings in May 2018. The law defined cryptocurrencies and tokens as property and soon drew criticism from industry figures.
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Crypto Expert 10 Sep 2018, 12:07
Mining bitcoin contributes to the development of "green" energy

Mining is often called the killer of ecology since it is associated with high energy costs. But analyst of the Node Blockchain crypto company Saad Imran believes that the production of crypto-currency is useful for the planet. First, the miners tend to get the cheapest energy possible and thus develop the economy of remote regions of the world. Miners are increasingly looking for renewable energy sources because it is cheaper and contributes to the development of "green" energy. Note that this is not the first study that refutes the harm of mining.
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Crypto Expert 9 Sep 2018, 14:27
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Crypto Expert 6 Sep 2018, 18:19

📊 TOP-10 crypto-currency with the largest trading volume for 24 hours:
1. Bitcoin $ 7 240.36 (-0.11%)
2. Nxt $ 0.0752 (-1.95%)
3. PeerCoin $ 1.28 (-7.91%)
4. ProsperCoin $ 0.0004989 (-4.51%)
5. YbCoin $ 6,001.00 (0.00%)
6. DarkKush $ 0.001955 (-0.10%)
7. GiveCoin $ 0.0002896 (-0.13%)
8. KoboCoin $ 0.006273 (-76.74%)
9. DarkToken $ 0.002751 (-0.14%)
10. CETUS Coin $ 0.0002172 (-0.13%)
📈 TOP-10 crypto-currency with the largest growth in 24 hours:
1. EarthCoin $ 0.001233 (+ 750.93%)
2. CosmosCoin $ 0.011 (+ 107.93%)
3. BitMark $ 0.2005 (+ 51.66%)
4. BitBar $ 8.75 (+ 47.30%)
5. Emerald $ 0.00972 (+ 21.94%)
6. Argentum $ 0.07028 (+ 7.75%)
7. Catcoin $ 0.007616 (+ 7.23%)
8. CryptCoin $ 0.0362 (+ 3.22%)
9. EnergyCoin $ 0.02628 (+ 2.13%)
10. Diamond $ 2.87 (+ 1.05%)
📉 TOP-10 crypto-currency with the largest drop in 24 hours:
1. KoboCoin $ 0.006273 (-76.74%)
2. BetaCoin $ 0.003693 (-75.73%)
3. Elacoin $ 0.1103 (-24.96%)
4. CasinoCoin $ 0.0004 (-20.00%)
5. CannaCoin $ 0.01813 (-16.02%)
6. AriCoin $ 0.0008688 (-14.40%)
7. QuarkCoin $ 0.005358 (-13.04%)
8. DigiCoin $ 0.01197 (-11.20%)
9. DigiByte $ 0.03163 (-10.87%)
10. E-Gulden $ 0.06463 (-10.54%)

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