SysCoin SYS

$0.0974
Market Cap $ 52.751 MM (#107)
24h Volume $ 373.997 K
Chg. 24h: -0.32%
Algo. score 3.4/5  (#252)
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SysCoin News

Data: These Six Coins Lose Market Cap Positions

According to a report published by Nulltx, the market capitalizations of six top cryptocurrencies have been declining in the recent past. Veritaseum which currently has a market cap of $36.07 million has been the hardest hit token, losing 68 positions in market cap rankings to settle outside the top 100. SALT has lost 55 market cap positions in the past six months. DigixDAO and Factom have not been spared in the decline. The two have lost 55 and 52 market cap positions respectively. SysCoin, whose market cap stands at $47.34 million has dropped 41 positions. (SK)

25 days ago

Best Performing Masternode Coins of the Month

The AltDex Masternode Index (ALTMSN) displays the best masternode coins. On top of their list is Dash, followed by VeChain, PACcoin, Horizen, ZCoin, PIVX, Syscoin, SmartCash, Blocknet, Pura, ION, GINcoin, Bulwark, and Stakenet. Masternodes started 2018 as a hyped digital currency class of financial instruments. Eight months down the line in a bear market, investors have learned to steer clear of masternodes. This is because most of them are categorized as questionable or scam projects. However, some masternode coins have stayed afloat to date. Their survival is mostly based on their low-inflationary reward systems and high market liquidity. (KE)

a month ago

IBM Debuts Stellar-Based Blockchain Payment Network

IBM has revealed its Blockchain World Wire (BWW) payment system from beta testing this week and cryptocurrency pundits will be proud to know that BWW uses digital assets on Stellar Lumens blockchain to process international settlements between banks in “near real-time”. According to IBM “it all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.” It’s likely that BBW uses Stronghold, a Stellar-based digital asset that functions as a stablecoin. (RS)

a month ago

Australian City Is Getting Crypto Friendly To Attract Tourism

Australian city Brisbane has given a grant to TravelbyBit to make the city crypto friendly. Brisbane has a huge tourism industry, and the city is hoping to boost that by attracting crypto investors to spend their cryptocurrencies. TravelbyBit has deployed Crypto PoS systems at 200 merchants across the country. Also, Brisbane’s airport became the first globally to accept crypto payments in over 30 outlets in the terminals. People can pay for events at Brisbane Convention and Exhibition Centre using cryptocurrencies. (VS)

a month ago

Daily Berminal Brief (9/4/18): IBM Launches Cross-Border Payments With Stellar And Google Onboards Ethereum Blockchain To Analytics Platform

The State Of The Market: Most of the market is in green today, with Bitcoin going creeping past its resistance at $7,300. Bitcoin (BTC) is currently priced at $7,363.31, gaining 1.28% in the last 24 hours. Also, for the first time in 8 months, Bitcoin's MACD has gone above the zero line, indicating an upcoming Bull run. With the current trend, Bitcoin may reach $8,500 in the next few weeks. Ethereum, on the other hand, has not moved. It is still below $300 at $289.08, losing 0.22%. Also, with recent Bitcoin gains, Ethereum has gone below 0.04 BTC for the first time this year and is currently at 0.03919 BTC. The total market cap has gone from $235 Billion to $240 Billion, gaining $5 Billion in the last 24 hours. 1) After initially announcing a partnership with Stellar, IBM has quietly rolled out 'Blockchain World Wire' which will facilitate near real-time cross-border payments. In doing so, Stellar with IBM is directly competing with Ripple. IBM will partner with financial institutions and integrate Blockchain World Wire with their existing payment systems for seamless transactions. 2) Internet giant Google has taken a special interest in Ethereum by adding its blockchain to their big data analytics platform, BigQuery. The new feature synchronizes blockchain data every day and visualizes multiple aspects of it. BigQuery can also be used to observe smart contracts and Dapps on the Ethereum blockchain. Ethereum blockchain data is available for users to interact with right now. 3) After multiple hacks, Bittrex is the latest exchange to drop support for the forked cryptocurrency, Bitcoin Gold. Currently, BTG trades against BTC, ETH, and USDT on Bittrex. The exchange fell victim to a 51% attack and demanded that the Bitcoin Gold team cover up their loss. The BTG team refused to do so, which has resulted in Bittrex dropping support.

a month ago

Australia's Biggest Stock Exchange Is Moving Its Blockchain Plans To 2021

The Australian Securities Exchange (ASX), which announced its plans to use blockchain for post-trade settlements system has pushed the date from 2020 to Q1 2021. The current system, House Electronic Subregister System (CHESS) has not been upgraded for nearly 25 years. ASX revealed that its stakeholders felt they were very aggressive with their timelines. The current target is March-April 2021. (VS)

a month ago

Lisk Core 1.0 Mainnet Migration a Success

Lisk has announced that it has migrated core 1.0 to its mainnet successfully. The communication lead at Lisk, Micheal Borowiec termed this as Lisk ecosystem significant milestone to date. The migration was overseen by Lisk's Switzerland (Zug) headquarters. Lisk, by use of javascript, enables developers to build blockchain applications that are scalable while enabling them to deploy their custom tokens. Lisk Core 1.0 features and advancements on technology are; new API and Real-Time Peers, a peer-to-peer communication layer for maximization of performance and the network's reliability improvement. (VK)

a month ago

Australia’s Brisbane City Gradually Turning into Crypto Capital

Australia’s second largest State Queensland is gradually turning into a blockchain and cryptocurrency hub. This follows the move by the local government to give grants to blockchain startup TravelbyBit. The company is one of the 70 firms to receive the Advance Queensland Ignite Ideas funding. The company is reported to have received $100,000 which will be used to develop a system which will allow tourists to pay for various services with Bitcoin. The startup has already partnered with Brisbane International Airport in the development of the company’s digital payment platform. (VK)

a month ago

Square Acquires Crypto Payment Network License

Mobile payment processing company Square Inc. has obtained a US digital currency payment patent. The startup, founded by Twitter CEO Jack Dorsey, will allow traders to accept both cryptocurrency and fiat payments. Merchants will then cash out in the currency of their choice. The US Patent and Trademark Office (USPTO) gave Square Inc. the copyright. The firm aims to process payment transactions at speed similar to that of credit cards. Square cited that the system will make the payment process flexible and also reduce delays in processing payments. The new payment system will prevent merchants from double-spending by moving the risk to the payment service. (KE)

a month ago

Taiwan Hospital Incorporates Blockchain Platform in Record Storage System

The Taipei Medical University Hospital recently integrated blockchain technology for better keeping of medical records. According to Taipei Times, a local media outlet, over 100 community-based health centers have partnered on this project. The blockchain platform will better the access to medical records for both institutions and patients. The platform is dubbed the Healthcare Blockchain Platform. As per the report, the platform will offer long-term support to the Taiwan government’s Hierarchical Medical System policy. The hospital stated that the platform would also improve the patient referral system. The ingenuity involves a password encrypted mobile app. Patients will log into the app when in need of medical services. (KE)

a month ago

Japan Tries Voting on Blockchain

According to Coingeek, Japan is exploring the use of the blockchain as a vehicle for digital voting, which could revolutionize voting processes around the world. Japan is trying the test in the city of Tsukuba, where citizens will participate in a blockchain-based voting test for “social contribution projects.” The pilot will verify individuals’ identities by way of Japanese identification cards to ensure that the votes are legitimate. It is said that the mayor has already tested the system. West Virginia in the US began testing a blockchain-based voting system for remote military personnel earlier this year. Other countries are also reportedly testing the use of the blockchain for voting activity, as well. (RL)

a month ago

Industrial and Commercial Bank of China to Use Blockchain Technology

On September 1st, BiaNews reported that industrial and Commercial Bank of China would focus on the development of blockchain tech. Yi Huiman, ICBC Chairman, said that the bank would concentrate on innovations in big data, cloud computing, artificial intelligence, internet of things and blockchain. The bank is looking into finding use cases for smart contracts to enhance their service and secure data (financial) shared with third parties. (KE)

a month ago

Australia's ASX Delays Blockchain Transition by 6 Months

According to Reuters, Australian markets operator ASX Ltd said on Tuesday it has delayed its switchover to blockchain technology by six months to devote more time for user development and testing. Last year, ASX said it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers. The decision to replace the Clearing House Electronic Subregister System (CHESS) on Australia’s main bourse follows two years of testing of distributed ledger technology, also known as blockchain. It is said that the move will l make the Australian Securities Exchange one of the biggest mainstream financial markets to use the relatively new ledger system.(RL)

a month ago

Mixed Reviews After Japanese City Uses a Blockchain Voting System

Tsukuba, a city in Japan, takes pride in being the country’s first to use a blockchain voting system. Tsukuba follows in the footsteps of countries such as Russia, Estonia, and Kenya which have incorporated technology into their voting systems. The city of Tsukuba uses Japan’s My Number identification system, combined with blockchain technology. Participants have used the new online system to vote for social contribution initiatives. Tatsuo Igarashi, the city’s mayor, said after voting that he was expecting complex procedures only to find that the system was simple and user-friendly. Some issues arose after some participants forgot their passwords. Authorities could also not determine whether all votes had been counted. (KE)

a month ago

Report: Major Chinese Insurance Firm Will Use the Blockchain Technology After New Alliance

A Bianews report revealed that the People’s Insurance Company of China (PICC) has partnered with VeChain and DNV GL. This collaboration aims at using the blockchain technology to save on time and money for the two companies, through efficiency. The alliance also seeks to improve claim experience, fraud prevention, and KYC conformity. According to an announcement by PICC, VeChain will help to digitalize their operations, making them faster. The digitalization will create an instant compensation system, according to the report. Additionally, the report highlights that DNV GL, which is a global quality assurance and risk management company, will, in turn, guarantee the system’s data integrity. (KE)

a month ago

NKN Announces TestNet v0.3 Lemur Release

NKN recently announced its TestNet v0.3 Lemur release in what the development team called a key milestone in technical development. Some of the major updates include the expansion of the number of nodes in the network to over 1000, which can be deployed with ‘one-click,’ further development to NKN’s core systems which include its consensus and mining mechanisms, and the publication of the Alpha version of the NKN SDK and Wallet, which well help developers build dApps using NKN’s network. There is one more planned TestNet upgrade before the MainNet launch scheduled for March 2019. (JF)

a month ago

Bitcoin Enthusiasts Create Lightning Network POS System

Recently, a group of Bitcoin (BTC) enthusiasts got together and created a functioning POS system that is linked to lightning network for a bar in Berlin called ROOM77. This enabled the patrons to route a BTC payment through the lightning network to pay for their beer and food. While this may seem like a small event, wider adoption is dependent upon the ability for the everyday person to use their cryptocurrency for their daily purchases, and as the lightning network is able to further establish itself, the value of bitcoin is bound to increase. (JF)

a month ago

Nexus Seeks to Revolutionize the Blockchain Industry

Nexus (NXS), a coin that has been in and out of the Top 100 recently and has been a top performer recently, recently posted this tweet to let everyone know what they are all about: “Nexus: a connection btw 2 or more things. Tech designed to provide alternatives to the systems that currently exist, in which focus is on distributed ledgers, space, AI, self-sufficiency, distributed governance, telecommunications, social organization, edu, and advanced contracts.” With a strong community and their first satellite launch coming in March, NXS is a project to keep an eye on, currently trading at $1.11. (JF)

a month ago

Japan: Tsukuba, a Voting Blockchain System Launched

An online blockchain voting system has been rolled out by the Tsukuba's Japanese city Government. To vote, the Japanese residents will use a 12 digit social security identifier "My Number" provided by the government to verify the credentials given by voters to avoid votes falsification and will be accessed using blockchain. The system will be used to vote for local social development programs. The voters would place their "My Number'' card before casting the votes on the card reader and select a program they are voting for. The process, however, was not entirely successful as many voters could not recall their passwords. (VK)

a month ago

Twitter User Claims Bithumb Is Faking $250 Million In Volume Everyday

Twitter user @Crypto_Macro claims South Korea's second largest Crypto exchange Bithumb is faking its trade volumes by as much as $250 Million every day. Bithumb offers 120% trading fee airdrop on a first come first serve basis. Some traders are gaming this system with massive volumes of fake trades to claim the airdrop. The fake volume appears at 11 am every day like clockwork. Bithumb saw a volume of $390.47 Million in the last 24 hours. (VS)

a month ago

Canadian Esports Tournament Is Launching Its Own Cryptocurrency

Canada Cup, the country's premier Fighting Game Tournament has announced its plans to launch its own cryptocurrency, eSports ecosystem (ESE). Canada Cup has been around since 2010. The tournament is planning to build a platform to reward both professional and casual players. The funding will be used to promote eSports through bigger tournaments, sponsorships, and gaming scholarships. (VS)

a month ago

Alibaba and IBM Takes the Top Positions for Blockchain's Number of Patent Filed

According to iPR Daily, Alibaba and IBM are listed first according to the number of patents filed on blockchain projects. The information was gathered from EU, China, America, Japan, South Korea and from WIPO International Patent System. Alibaba emerged first having filed 90 patents relating to blockchain while IBM came second with patents amounting to 89. Mastercard came third with 80 patents while Bank of America followed with 53 patents. Additionally, People's Bank of China filed 44 patents. This follows after a survey carried by WIPO showed that China lead in the number of patent filed in 2017 for blockchain tech. (VK)

a month ago

Japanese City Tsukuba Launches Blockchain-Based Voting System

Japanese city Tsukuba has integrated blockchain technology into its voting process. The blockchain-based voting system will allow citizens to choose a social contribution project fairly. Mayor Tatsuo Igarashi said the voting process was less complicated. However, he noted that many voters forgot their passwords and it is unknown if their votes were counted in the final result. (VK)

a month ago

Walmart Is Planning To Control An Army Of Delivery Robots Using Blockchain

American retail giant Walmart has filed a patent, titled "system for in-field authentication of autonomous electronic device” to use Blockchain to power an army of delivery robots. The robots will be able to authenticate and communicate with each other using blockchain. Also, all activity is recorded on blockchain to make sure that there is no compromise on data. Walmart has been busy filing blockchain patents for the last couple of years. (VS)

a month ago

Chinese Government's Insurance Agency Partners With VeChain For Blockchain Pilot

The People’s Insurance Company of China (PICC), run by the state with $126 Billion in assets has announced a partnership with VeChain to use Blockchain technology in the insurance industry. PICC is hoping to upgrade the existing legacy claim management system using blockchain. DNV GL will use VeChain's public blockchain VeChainThor to build a new platform for the insurance industry. VeChain (VET) is currently priced at $0.0176, losing 1.3% in the last 24 hours. (VS)

a month ago

IBM Launches Blockchain Cross-Border Payments System Using Stellar

After initially announcing a partnership with Stellar, IBM has now announced 'Blockchain World Wire' which will facilitate near real-time cross-border payments. In doing so, Stellar with IBM is directly competing with Ripple. IBM will partner with financial institutions and integrate Blockchain World Wire with their existing payment systems for seamless transactions. Stellar (XLM) is currently priced at $0.2202, losing 3.34% in the last 24 hours. (VS)

a month ago

Japan's FSA Adds 400 More Questions to Cryptocurrency Exchange New Applicants

A local report has indicated that Japan's Financial Services Agency (FSA) has increased questions asked to applicants when registering for cryptocurrencies exchanges by 400 items. The applicants will now have to submit a report on a formal board meeting to ascertain if the applicants' covered security measures for the safety of their customers together with their financial health. After the submission, the FSA would do an on-site inspection to make sure whats in the report is accurate. Previously all they needed was information on the financial backing of the applicant together with the system safety security, but now they have jumped into looking at the board meeting records together with "the composition of an applicant company's shareholders. (VK)

a month ago

Japan: New Screening Requirements for Cryptocurrency Exchanges Introduced

According to a report by the Financial Times, the Financial Services Agency of Japan has added new requirements for exchanges to tighten the screening of this exchanges during the registration. The new conditions cover the decision-making process of these companies and the antisocial groups' links. This will be done by reviewing the board meetings minutes and their computer system security. As per the report, the questions asked are up by over 400 and include those of financial health and risk management measures by the registrant. (KE)

a month ago

Andrew Rossow: Blockchain Technology Could Transform the Luxury Goods Market

As per a report by Forbes, the luxury goods market is faced with a lot of issues such as inaccurate appraisals and the ability to spot fake products; the blockchain technology can solve this. According to Andrew Rossow, a crypto contributor, blockchain tech can lessen the task of visiting an appraiser or the use of authentication systems. Also, to deal with fake products blockchain ensure the validation and tracing of the authenticity of these goods. The implementation of this tech will help the Millenial generation which Forbes reports to be huge consumers of luxury goods. At the beginning of August, Rare Carat and Everledger, a startup joined forces for diamond appraisal. (KE)

a month ago

Vertcoin Community Gets Fully Compliant USD Exchange

The Vertcoin (VTC) community recently got a new, fully compliant exchange where they can purchase VTC directly with USD. Vertbase has announced that as of September 1st, they have begun onboarding users who signed up for their waitlist over the past few months. The platform is wrapping up its beta testing with a small group of users, but since it is still technically in beta, they are onboarding users slowly to make sure the system is working properly and any bugs have been discovered. The platform enables users to connect their bank account with their Vertbase account to purchase VTC with USD. (JF)

a month ago

South Korean Province Replaces Loyalty Scheme With Digital Currency

The local government in the South Korean province of Gyeongsangbuk-do recently announced plans to issue its own digital currency to replace the current state loyalty scheme. Officials are partnering with blockchain startup Orbs to create the ‘Gyeongbuk Coin’ which will replace the ‘Hometown Love Gift Card’ that is being used by residents at this time. There will be a total of KRW 100 billion worth of tokens issued each year, which will be available for purchase on exchanges using the South Korean won. The coins can be spent at participating businesses using a smartphone and QR system. (JF)

a month ago

ABCC Exchange Introduces Community Voting for Listing New Crypto Tokens

The cryptocurrency exchange ABCC has recently announced that it will be starting a ‘Community Vote to List Scheme’ which will allow users to vote on tokens to be added to the platform, giving them a more diverse selection of digital assets to choose from. This is growing trend across cryptocurrency exchanges as they seek to get users more involved. The voting period will 7 days, and ABCC will announce the start date of voting after it has assessed the applications received using its proprietary coin evaluation system. (JF)

a month ago

Trinity Fully Releases ETH-Based State Channel Protocol

The universal off-chain scaling solution project Trinity (TNC) has announced the official release of the ETH-based Trinity State Channel Protocol, marking an important milestone in the Trinity projects development. The team will spend the next days optimizing the protocol to help make it more secure, stable, and user friendly, while also focusing on the task of building a community and ecosystem that can help expand the reach of the project and get more individuals and projects involved. (JF)

a month ago

Cardano (ADA) to Finance GeoGnomo to Improve Interoperability Standards

The Cardano project, known for its academic and research-focused approach to developing blockchain technology, recently financed a working group called GeoGnomo with the goal of developing better interoperability standards. GeoGnomo is an open-source project that researches methods of smart ledger geo-stamping, and states that their Quaternary Triangular, Quaternary Rectangular, and Variable Rectangular geo-stamping systems can be used to record geographic areas into a blockchain by generating source code, creating a geocoding system which enables easier data retrieval. (JF)

a month ago

SFOX Executive: Bitcoin Price is More Reliable in 2018

While cryptocurrency prices were abysmally crushed throughout 2018, SFOX believes that the market also stabilized and will continue to solidify as more Wall Street companies join the sector. SFOX head of growth, Danny Kim, believes that the market has progressed in a number of capacities as there are a larger array of stable trading platform and regulations are building a platform for mainstream adoption. According to Kim, the next step for cryptocurrency will be the development of a more reliable ecosystem and the “stabilizing effects of institutional investment will extend beyond price spreads, and on to price fluctuations.” (RS)

a month ago

Russian Police Confiscate 22 Bitcoin ATM from 9 Cities

The recent seizure of 22 Bitcoin ATMs by Russian police could possibly signal what maybe a government led cryptocurrency crackdown in Russia. On Friday, August 31 police seized the 22 Bitcoin ATMs from various locations across nine Russian cities. The confiscation came without warning or explanation and and BBFpro owner and CEO, Artem Bedarev told reporters that the order came direct from Russia’s Prosecutor General’s Office and that “the inspection would take at least six months and that the ATMs wouldn’t be returned until it’s finished.” Apparently, authorities want to ensure that BBFpro is tax compliant and there are concerns on whether or not the know-your-customer (KYC) and anti-money-laundering (AML) procedures are being followed. The seizure comes as Russia’s Federal Financial Monitoring Service finalized plans for deploying a system that tracks the wallet addresses of select individuals and businesses in Russia. (RS)

a month ago

Bitcoin Cash Advocate Calvin Ayre Takes Shots at Bitmain

Calvin Ayre, founder of Ayre Group and Calvin Ayre Foundation, and a Bitcoin Cash advocate took a shot on Bitmain. Calvin, on Saturday, posted a blog criticizing Bitcoin ABC and its idea of a wormhole. Ayre further pointed a finger at Bitmain, claiming that it was a known associate of Bitcoin ABC. He further stated that the Wormhole model is defective as it will destroy BCH to create tokens. Mr. Ayre said that Bitmain could use the proof-of-stake protocol to control the system and pre-existing tokens generated by Bitcoin ABC. (KE)

2 months ago

Binance Aims to Integrate Certik's Autoscan to the Exchange Platform

Certik is a security auditing platform that comes recommended from the highest places in the blockchain, including Etherscan.io. Certik has an advanced method of verifying user sign in, coupled with a smart labeling feature that flags potential intrusions into a blockchain system. Also, the Autoscan has patented auto-verification methods that trump over the current manual systems. According to a Twitter exchange between Certik and Binance's Changpeng Zhao, Binance will integrate Certik in its exchange platform. The integration date has not yet been released. (KE)

2 months ago

Blocknet Successfully Sends Syscoin Transaction Without SYS Blockchain Installed

The blockchain agnostic decentralized platform-as-a-service Blocknet recently announced that its XRouter technology, a decentralized inter-blockchain SPV client backend, was able to successfully send a Syscoin transaction from one address to another without needing to install the Syscoin blockchain. This is a first-of-its-kind mainnet SPV transaction. The XRouter is is what is known as a ‘lite wallet’ which enables the verification of blockchain records from almost any blockchain without the user needing to download the blockchain in question, allowing dApps to utilized smart contracts on multiple blockchains. (JF)

2 months ago

DeepBrain Chain Announces Global Ambassadors Program

DeepBrain Chain (DBC) recently announced the launch of its Global Ambassadors Program, a sales and recruitment initiative that allows participants to win awards and DBC tokens. According to the announcement, ”This is a platform where community volunteers can truly display their creativity and productivity, paving the way for AI practitioners and investors to gain knowledge of and join the DeepBrain Chain ecosystem.” The first round of competitions and incentives will begin once 1000 Ambassadors have joined. (JF)

2 months ago

Zoom, a Freelancing Platform, to Integrate Blockchain Tech

As per Venture Beat, Zoom is eyeing blockchain technology for the transformation of its services, freelancing and outsourcing by securing their payments, planning of projects, and enabling business associations. Zoom will use smart contracts, AI, and blockchain identification system in connecting freelancers and cryptocurrency companies. The firm is planning to onboard partners and see its ICO launched in about a month. Ethearnal and Coinlancer, freelance companies have also integrated blockchain tech. (VK)

2 months ago

Crypto Keys New Language, the Next Big Software Update for Bitcoin

Bitcoin Core reportedly will be rolling out a software soon. The developers have added a new language in the software for the addition of more information to keys. Andrew Chow, a contributor to Bitcoin Core, reiterated the new language gives a better alternative to the ripped out software of the system "account" that posed challenges. It allows users to label their different accounts while making it easy for them to move the keys from one wallet to another easily. Additionally, while lightning transactions are the most sought-after type of transactions, the new language will make sure users important information doesn't get lost. (VK)

2 months ago

Russia to Monitor Bitcoin Transactions by End of 2018

Russia’s Federal Financial Monitoring Service is setting up a system to be used to monitor and track bitcoin transactions. The financial watchdog aims at combating the use of cryptocurrencies to finance terror activities. The Unified Information System allows users to add information to the platform. The information will help the authorities to locate persons of interests. The Moscow Institute for Security and Information Analysis (SPI) will oversee the creation of the platform. (VK)

2 months ago

President of Colombia Pledges to Cut Rent Taxes for Cryptocurrency Startups

Colombian President Ivan Duque has pledged to reduce rent taxes for all cryptocurrency and blockchain startups. He made the statement during an international congress on information and communications technology (ICT) in Cartagena de Indias and Duque also confessed that he is absolutely “obsessed” with technology. Duque believes that technologies like blockchain will help Colombia to battle corruption and improve security, the judicial system and help to push breakthroughs in medical technology. Under his proposal, businesses related to the cryptocurrency industry will have their rent taxes cancelled for 5 years if they are able to create a pre-specified number of new jobs. (RS)

2 months ago

Thailand Watchdog: Cryptocurrencies Crimes on the Low, But Could Soon Increase

Speaking at a seminar dubbed "Advancing the Economy and Combating Crime in the Digital Age," in Bangkok, the watchdog chief said cryptocurrency had become a ground for criminals to perpetrate crimes like the evasion of tax, purchase of illegal drugs and money laundering. He, however, added that there are very few cryptos criminal cases in Thailand citing that this situation is likely to change as they expect the number of these crimes to increase; for the country presents a good ecosystem for crypto activities. He added that usage of technology by criminals to commit these crimes makes it difficult for the authorities to probe and prosecute them. (VK)

2 months ago

Origin Protocol Launches Decentralized Messaging Platform

The Origin Protocol project recently announced the launch of its new decentralized messaging service that could be seen as a blockchain based challenger to the Telegram platform, which is not blockchain based but is widely used by the cryptocurrency community. Origin Messaging was seen as a key component to the overall platform by developers who felt that a functioning decentralized messaging system is a “critical component necessary to facilitate meaningful transactions between users.” The messaging service was designed by Yu pan, who co-founded PayPal along with being a former engineer at YouTube. (JF)

2 months ago

Walmart Wants to Build an Army of Autonomous Robots Controlled by Blockchain

According to documents released by the US Patent & Trademark Office (USPTO), Walmart has plans to build a squad of autonomous robots that will be controlled and authenticated through a blockchain network. The patent Walmart submitted entails a system that oversees the “in-field authenticating of autonomous robots.” According to Walmart, the robots will be used to make deliveries, in a move that may help the firm compete with Amazon in the retail field that has seen many casualties in the last few years. (JF)

2 months ago

HitBTC Exchange Lists Two Altcoins, Usechain and DAV

HitBTC, the seventh biggest cryptocurrency exchange based on trading volume, has listed a couple of more altcoins. The exchange on Twitter announced its support for Usechain (USE), trading for which launches on Aug. 31 across the ETH and BTC markets, and DAV, trading for which begins on Sept. 3. Usechain describes itself as a “mirror identity blockchain.” DAV is the coin of a “decentralized peer-to-peer transportation ecosystem” whose team includes Ethereum alumni. (GT)

2 months ago

Sgame Pro Creates Digital Distribution Platform for Games in the Mobile Market

Sgame Pro has come up with a digital distribution platform for games in the mobile market. The platform will be powered by blockchain and will see gamers being rewarded by SGM token by playing games that are published through the platform. The platform also allows the ecosystem to be shaped by the community. This follows after they realized that developers still used technologies used back in 2012 like PlayStation, Steam, Nintendo eshop and which focused on video games which gave mobile games developers no other options but to use the same. Sgame Pro saw this gap and is here to fill it. (VK)

2 months ago

Dogecoin Gains 25% After Dogethereum Announcement

DogeCoin (DOGE) went from $0.00255 to $0.00326, gaining 25% in the last 24 hours. Early today, the Dogecoin team announced a new project, 'Dogethereum.' It enables seamless transfer between Dogecoin network and Ethereum network. Dogethereum will also enable Ethereum's smart contract system, along with Ethereum’s price stability and liquidity. The 24-hour volume has gone up from $5.4 Million to $25 Million, with 30% of the trade on Gate.io. (VS)

2 months ago


News courtesy of berminal.com
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