The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week. The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week. An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for […]
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Bitcoin has dipped back below the $10,000 mark as the crypto markets are seeing near-total red. Wednesday, July 24 — Bitcoin (BTC) has dipped back below the $10,000 mark as the crypto markets are seeing near-total red. Market visualization. Source: Coin360 Having clung to its five-figure price point in recent days, a 3.2% drop on […]
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The block size debate is among the most contentious discourse in Bitcoin, having spawned numerous community rifts and contested proposals. Why did Bitcoin fork and split? The inability of the community to find consensus regarding a proposal to increase the block size resulted in a user-activated hard fork of the Bitcoin blockchain in August 2017. […]
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The New York Times has unveiled a blockchain-based project using the Hyperledger Fabric to fight fake news and guarantee the provenance of audio and video metadata. The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files. According to a new website for […]
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New York state lawmakers have appointed six experts from various fields to the New York State Digital Currency Task Force, which was created to provide regulatory insight. Legislators from the New York State Assembly have appointed six members to the New York State Digital Currency Task Force. In a video announcement on July 22, Assembly […]
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Marubeni Corp., a major Japanese general trading company, is backing Lithuania-based blockchain energy project WePower. Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform. Per a report by Reuters on July 23, Marubeni has issued a loan to Lithuania-based blockchain project WePower. Per Reuters, the […]
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A prominent Nigerian politician has called for a formal legal framework for cryptocurrencies and blockchain technology so the country is not left behind. Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country. According to a report by Nigerian news daily Daily Post […]
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The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore. The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore, according to a press release published on July 23. The pilot is the result of a partnership between UnionBank […]
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The anti-ICO chairman of South Korea’s Financial Services Commission has resigned from his post, just before the end of his term in office. Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported […]
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The New York Department of Financial Services — the state’s finance watchdog — has formed a new division for licensing crypto-related businesses. The New York Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating crypto-related businesses. In a statement on July 23, […]
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