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Archive for August 2019

US Air Force Steps Up Blockchain Use: What Else Is the Pentagon Up To?

US Air Force Steps Up Blockchain Use: What Else Is the Pentagon Up To?

This week saw twin reports from smart contract startup Simba Chain and blockchain data management firm Constellation, both of whom announced contracts with the United States Air Force.  New utility in USAF Judging by these developments, the U.S. Air Force is looking seriously at new tech to shore up supply chains and rearrange data. Simba…

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Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain:…

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How Facebook Libra Is Seeking Compliance, but May Not Launch by 2020

How Facebook Libra Is Seeking Compliance, but May Not Launch by 2020

For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a national digital currency, Walmart began developing its own blockchain, Binance launching the Venus project, and Pavel Durov’s TON finally shared its release date.…

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Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining. The taxation on cryptocurrency mining…

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US-China Trade War and Its Effect on Cryptocurrencies

US-China Trade War and Its Effect on Cryptocurrencies

The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project.  David Marcus, the head of Facebook cryptocurrency wallet Calibra, and known as the co-creator of the company’s venture into cryptocurrencies, had this to say…

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Australian Coder Warns Users of Lightning Network’s Vulnerabilities

Australian Coder Warns Users of Lightning Network’s Vulnerabilities

Australian software programmer and Bitcoin’s (BTC) Lightning Network coder Rusty Russell warned users that “security issues have been found in various Lightning projects which could cause loss of funds.” Urgent update recommended On Aug. 30, Russell published a tweet urging LN nodes operators to update their software as soon as possible. According to the message,…

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Ex-ConsenSys Exec Joins Security Token Project Dusk Network

Ex-ConsenSys Exec Joins Security Token Project Dusk Network

Former blockchain firm ConsenSys’ ventures head Kavita Gupta joined security token project Dusk Network. As industry news outlet The Block reported on Aug. 30, Gupta joined Dusk Network, an Amsterdam-based startup trying to help companies tokenize their equity shares. Dusk Network co-founder Mels Dees claims that the company is also working with a regulated European…

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Can PACs Popularize Cryptocurrency Donations in US Politics?

Can PACs Popularize Cryptocurrency Donations in US Politics?

Earlier this week, BitPAC — conceivably the only active crypto-centric political action committee (PAC) — announced its plans to hold an initial coin offering (ICO). The committee will reportedly issue a utility token called Politicoin, which will then be used to support its candidates running for public office. So, can PACs become a gateway for…

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The Crypto Custody Conundrum: What Are We Even Talking About? – CoinDesk

The Crypto Custody Conundrum: What Are We Even Talking About? - CoinDesk

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. For a primer on crypto custody concepts, you can download our free report here. …

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