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Crypto Minute
August 23
Consortium Launches Self-Policing Program In an effort to increase self-policing within the cryptocurrency industry, Ecoinmerce, a DAO e-commerce platform, has partnered with ICO Alert, GZH, Step VC and NewEconomies. The consortium will create an anonymous tip line and reward whistleblowers with BTC. The Crypto Community Watch program is currently live and was first reported on by Bitcoinmagazine.com. “The crypto scene...
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August 22
Bank of Thailand Announces Plan for Crypto Project On August 21, a press release from the Bank of Thailand announced their plan to develop Central Bank Digital Currency (CBDC). It will be a wholesale currency, meaning its use will be limited to financial institutions as opposed to general use in the public. CBDC will be built on R3’s...
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August 21
New Bakkt platform will not support margin trading Kelly Loeffler, chief executive of the newly announced Bakkt platform, recently posted the founding principles of the platform to trade, store and spend cryptocurrencies. She emphasized the critical role of cryptocurrency physical delivery in setting trusted price information. “Specifically, with our solution, the buying and selling of bitcoin is fully collateralized...
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August 20
“Blockchain Logistics Race” Involves UPS As Latest Market Participant As seen on Coindesk, the shipping giant UPS has applied for a patent that “…uses blockchain as part of a distributed system for sending packages worldwide.” Many projects have targeted logistics and shipping, feeling that Blockchain provides a disruptive technology to the current model. As for further...
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August 15
Venezuela Announces Petro Currency On August 20, a second government currency will be introduced to Venezuela. Reported by ABC Internacional, President Nicolás Maduro made the announce during a television address that the Petro, a government developed cryptocurrency, will be used in a new salary system as well as to obtain goods and services. It will also be...
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Winklevoss Twins push onward after SEC rejection The twins faced a tough reality when the SEC rejected their second proposed ETF in late July. This is not the sort of news that keeps the Winklevoss brothers down, as they know Wallstreet is slow to adopt crypto, as they say to Bloomberg in an interview. “Wall...
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August 13
Turkish Lira Collapse Drives Interest in Crypto The Turkish Lira collapse has made Bitcoin volatility seem tame. “The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency crisis,” Bloomberg reports. According to Google Trends, interest in Bitcoin has increased in Turkey. This flight to alternative currencies from...
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August 10
Everipedia, EOS-Based Competitor to Wikipedia, Launches MainNet Hoping to fix the issues Wikipedia experiences and become a more diverse, uncensorable online encyclopedia, Everipedia has been one of the most anticipated of the EOS dapps. Wikipedia co-founder Larry Sanger is on the founding team of Everipedia. Although articles could be imported and created previously, with the launch of the Everipedia MainNet users...
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August 9
ShapeShift Buys Crypto Conversion Startup Bitfract The cryptocurrency conversion platform ShapeShift has purchased Texas-based startup Bitfract. The startup has created a tool that allows users the ability to purchase multiple cryptocurrencies through a single Bitcoin transaction and have the appropriate amounts deposited into the correct wallets. Reported by CryptoVest.com “When Erik [Erik Voorhees, founder and CEO of...
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August 8
Ukraine uses Blockchain for Voting Trail According to a Facebook post, Ukraine is working on a voting platform using the NEM blockchain. The head of the State Register at the Central Electoral Commission of Ukraine, Oleksandr Stelmakh, is content with how the testing has been proceeding. They are currently running tests and anyone can contribute. SEC Postpones...
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