Zimbabwe Finally Decides to Regulate Cryptocurrency ...
What they really don't wan't you to know about Dash!
Dash is breaking away with regards to integrations, partnerships and developments that advocates of other Crypto Currencies have become frightened of Dash's future dominance. Unfortunately for most of these other Crypto Currency projects Dash as a platform is well and truly in the driving seat on so many levels. Lets take a look at some of the achievements in 2017 and upcoming events:
Cyptocurrencies mixed this weekend as Bitcoin nears USD$6,500 price level, Ethereum above USD$200, and Tezoz sees 30% gains before official launch
According to a research study conducted by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov, the implementation of recently launched Gemini Dollar (GUSD) can be changed by a Gemini custodian every 48 hours. In reviewing GUSD’s white paper, the code of GUSD’s smart contracts are able to be changed every 48 hours to become non-transferrable or frozen at any moment. The white paper cites a need for the ability to manage token transfers in case of unforeseen circumstances.
After his appointment this summer, Zimbabwe’s finance minister, Mthuli Ncube, is taking a pro-cryptocurrency stance in seeking solutions to Zimbabwe’s cash problem. Zimbabwe’s central bank, the Reserve Bank of Zimbabwe, has historically taken the opposite stance. Ncube has promised to try to judge the Reserve Bank of Zimbabwe towards establishing a cryptocurrency division within the central bank.
Bitcoin’s hashpower has doubled since just before the start of the summer, despite cryptocurrencies observing a largely bear market. Fundstrat analyst, Sam Doctor, believes that the reason for mining hashpower growing despite price declines is because miners are trying to position themselves for the future, despite losing out on currency profits. Furthermore, this implies that the Bitcoin mining community believe in the success of Bitcoin for the long-term.
Civil, a blockchain startup aimed at distripting media, will offer its crypto token to accredited and unaccredited investors next week. The interesting thing about Civil is the structure of its initial coin offering sale. Civil’s ICO will require buyers to complete a quiz that demonstrates their knowledge of token sales and not allow users to sell tokens until their wallet has demonstrated some level of use, dubbed ‘proof-of-use'.
Crypto exchange, Coinbase, is expanding from 20 to 150 employees amidst the move to its new New York City office. The digital asset exchange said that despite the crypto bear market, institutional demand for Coinbase’s services did not recede, saying institutions saw this year as an opportunity to enter the market when things are not too frothy.
Despite banning cryptocurrencies, China has seen a spike in offerings of cryptocurrency custody services. For example, InVault a Chinese startup that offers crypto custody services, specifically marketing to crypto exchanges. A crypto custodian would hold a client’s assets for safekeeping, but Chine could potentially disallow any mainland organization that is either holding virtual currencies or holding assets that belong to other companies that have no legal standing in China’s mainland.
Japanese financial services company, SBI Holdings, will launch a consumer payments application on Android and iOS using Ripple’s blockchain technology, dubbed MoneyTap. MoneyTap will enable domestic bank customers to transact instantly, 24-hours a day and seven days a week using a QR code, a phone number, or a bank account number. The intended launch of MoneyTap is somewhere between September and December 2018.
Mastercard has filed patents for the use of blockchain technology in keeping track of consumer payments. The payment services giant filed a series of very similar patent filings last week to the US Patent and Trademark Office. In the patents, Mastercard outlines a distributed edger that could be used to record point-to-point transactions as they are processed. Particularly, a blockchain ledge would be ideal for streamlining account management by simplifying the process in which purchase orders are registered and monitored, one of the patent application details.
The Korean Customs Service (KCS) and Samsung SDS have agreed to implement Samsung’s blockchain technology in an exports customs clearance system. A memorandum of understanding has been signed by the two entities, and sees 48 other organizations join the agreement, including government organizations, shipping operations, and logistics firms.
South Korean cellular carrier, LG Uplus, will launch a blockchain-based overseas payment services, it announced Sunday. The cellular carrier will work with companies in Japan, Taiwan, and the US to offer users of three mobile services cheaper and faster payments while traveling internationally. The project is slated to launch in 2019.
The world’s largest cryptocurrency exchange, Binance, will soon begin its private beta testing of a crypto-fiat exchange in Singapore, announced via tweet by CEO Changpeng Zhao on Saturday. Allegedly, the fiat-crypto exchange will support the local Singaporean Dollar. Singapore was ranked as the world’s third most favorable country for initial coin offerings in mid-July.
Tezos’ native token, XTZ, saw gains of over 30% this weekend in anticipation of the networks official launch today, Monday. XTZ began to see price gains after developers tweeted that Tezos’ leaves beta and officially launches Monday. Trading volumes of XTZ also jumped 169% on Friday, touching a nine-week high of USD$5.13 million. The Tezoz project raised USD$232 million via ICO in July 2017.
Venture capitalist, Tim Draper, predicted that total cryptocurrency market capitalization will reach USD$80 trillion within the next 15-years, according to news outlet DealStreetAsia. Draper went on to explain that the recent slide in cryptocurrencies is attributed to people who have not yet adopted digital currencies as a new asset class.
“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wui (66 points, 14 comments)
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