Editor’s Choice

Global: Ranks of Crypto Users Swelled in 2018 Even as Bitcoin Tumbled

It turns out that cryptocurrency enthusiasts were committed well beyond the HODL rallying call that urged them to hold on during this year’s digital-asset market collapse. The number of verified users of cryptocurrencies almost doubled in the first three quarters of the year even as the market bellwether Bitcoin tumbled almost 80 percent, according to a study from the Cambridge Centre for Alternative Finance. Users climbed from 18 million to 35 million this year. image via Shutterstock

Global: 62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM Institute for Business Value, a business-research group. In its executive report entitled “Daring to Be First,” the IBM Institute says blockchain can revolutionize the auto industry by bringing transparency to supply chain management and financial transactions. image via Shutterstock

South Korea: Seven Top Crypto Exchanges Link Up To Create A Healthy Crypto Ecosystem In South Korea

Cryptocurrencies are blossoming in South Korea. The environment for the industry is getting better and better and now seven companies have teamed up to join efforts in order to enhance the crypto ecosystem in the country. The local media has affirmed that the seven representatives (Upbit, Bithumb, Korbit, Gopax, Hanbitco and Coinplug) have met to discuss the policies that will be taken to regulate the industry. They have also signed an important agreement for the creation of a new crypto ecosystem that will be good for all companies. image via Shutterstock

Global: What to Expect from ‘The 12 Days of Coinbase’ Event

The popular cryptocurrency exchange of Coinbase launched a new 12 day event similar to the popular Christmas carol of  ‘The 12 Days of Christmas’. The Christmas carol has been long known to be a song that talks about giving gifts to loved ones in a 12 day period. In the classic song, the value and importance of each gift increases as the days go by with the first day being Christmas day. Unlike the popular song, the team at Coinbase chose to start their 12 days of giving on the 10th of December. The 12 day event ends on the 21st of December which is four days before Christmas. The team at Coinbase also describes how they will announce their ‘gifts’ every day. image via Coinbase

US: NYDFS Hastens Response to BitLicense Applications

According to data obtained from the source – the New York Department of Financial Services itself – the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been approved, the rest are still going through the process. Fortune writer Robert Hackett became interested in the question after a speech given by Erik Voorhees which lambasted New York State’s regulatory approach to cryptocurrency and said that only four companies had received approval, making it “an absolute failure.” image via Shutterstock

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Blockchain Connect Conference

More Attention Should be Given to Blockchain Academics for the Uprising of Blockchain, Says Blockchain Connect Conference   Dec. 2nd, 2019, San Francisco - Blockchain Connect Conference, a futuristic blockchain-technology based conference, research destination, and collaborative event hosted by SV Insight, will officially take place on Jan 11, 2019, at Marriott Marquis in San Francisco, California. Emphasizing on academic in the blockchain space, this conference will gather the most authoritative blockchain professors around the world, the public chain projects with the most advanced technology, and technical experts, to discuss about the most cutting-edge blockchain academic research, problems, and solutions. By including keynote speeches and panels covering topics from research to application, the conference will explore the next big opportunity in the blockchain industry. The conference will be divided into two tracks: an academic track and a business track. The academic track will focus on academic discussions, mainly led by professors, scholars, and blockchain core developers, who will...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

New Voice

New Voice

Introduction: Coconut is a universal payment platform that allows customers to use any cryptocurrency to purchase goods and services. Coconut team is composed by a group of students from Harvard University and MIT, which won the award for best new nascent blockchain project at the MIT Bitcoin Expo 2018. BlockPulse 360 has the chance to conduct an interview with this promising project and team at Harvard University.

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Insights

Interview

Insight Into The Blockchain Trends Of Today And The Future

BlockPulse360 had the pleasure of sitting in on an interview with one of China’s most reputable blockchain thinkers, Dr. Feng Han, the co-founder of Elastos, about his take on the current and future trends in the blockchain industry in China. Dr. Han began his journey in the cryptoworld with a background in quantum mechanics, but it was only during an alumni lecture on Bitcoin in 2013 that he was formally introduced to cryptocurrency. Since then, the co-founder of Elastos has been busy at work developing a new operating system to promote decentralization initiatives using blockchain technology. Elastos is an open source, blockchain-driven operating system optimized to run decentralized applications. The thinking behind this technology came from the realization that if traditional applications wanted to connect through blockchain, the most effective way to do so would be through a platform that was also operated by blockchain. And so, Elastos was born. What...

Republic Is Creating An Equal Investment Opportunity for the Public

Republic is an investment crowdfunding platform that facilitates startup financing by main street investors including cryptocurrency investment. BlockPulse360 has the pleasure to sit down with its CEO Kendrick Nguyen at Harvard Business School to discuss the initiative of Republic in the crypto space. https://youtu.be/Qu24pzaqyO4

Crypto Market

Saudi Arabia: BitOasis joins Saudi’s Cryptocurrency Circulation Management System

Commenting on recent statements on digital currency trading in Saudi Arabia, BitOasis’s CEO Ola Doudin emphasized that relevant laws and legislation are basic pillars for the growth of the industry. As a leading company in this field, BitOasis is working closely with local regulatory authorities in a number of key markets across GCC to develop formal frameworks and comply with the requirements. BitOasis is the Middle East's first wallet that uses Multi-Signature technology to protect your digital assets. (Arabic) image via Shutterstock

Thailand: SEC Reveals Framework for ICO Portals and Tokens

The Securities and Exchange Commission (SEC) of Thailand has released a regulatory framework for issuing and selling digital tokens through initial coin offerings (ICOs) along with announcing the ICO portal process, effective from July 16. Since the digital asset decree stipulates that ICO issuers have to be approved by ICO portals, ICO portals will have to be initially approved by the SEC. image via Shutterstock

China: New Middle Class Is Diversifying Their Investments with Cryptocurrencies

Less than 10% of China’s new middle class is placing crypto eggs in their wealth management baskets, according to the 2018 White Paper on the New Middle Class. This is the first time that the annual report is including Bitcoin and other cryptocurrencies as an investment option. The paper—published by famed financial writer and university professor Wu Xiaobo and his team—is meant to decipher China’s middle class and their purchasing, investment, career, family, and value profiles. image via Shutterstock  

Global: Bitcoin and Ether Surge 11% as Crypto Market Suddenly Adds $26 Billion Overnight

Major digital assets recorded large gains on June 30, as the volume of the crypto market suddenly surged by several billions dollars. With bitcoin and Ether, the native cryptocurrency of the Ethereum blockchain protocol, leading the market with solid 11 percent gains, other large digital assets such as EOS, Stellar, Cardano, IOTA, and NEO also rose substantially in value. image via Shutterstock

Regulation

US: Ripple Signs up PNC as A Customer for Its Payment Tech

A division of PNC Financial Services Group Inc will use technology built by startup Ripple to process international payments, the companies said on Wednesday, a possible precursor to the use of blockchain in mainstream finance. PNC Treasury Management will use xCurrent, a system developed by Ripple, to speed up the way its U.S. business clients get paid invoices by overseas buyers, Ripple said. image via Shutterstock

US:This Candidate for Governor Wants to Put Colorado on the Blockchain

It’s become all too clear this election season that issues involving technologyare becoming a core part of campaigns and voter concerns. The Democratic nominee for governor of Colorado, U.S. Representative Jared Polis, wants to add blockchain to the list of items voters consider this year. But what does that mean? image via Shutterstock

US: Tron Founder Justin Sun Becomes Supernode Operator

Tron users have formally voted to make founder Justin Sun one of the less than 30 individuals and organizations authorized to serve as a “super representative” on the TRX network. It took just hours for Sun, who announced his candidacy on Wednesday, to receive enough votes to earn a place as one of the network’s 27 active super representatives. At the time of writing, Sun’s node — named “JustinSunTron” — has just over 120 million votes, ranking him eighth among all super representative candidates. image via Shutterstock

US:US Congressman is Working On a Bill To Exempt ICOs and Cryptos From Securities Laws

United States Congressman Warren Davidson from Ohio has announced plans of introducing legislation that will regulate ICOs (Initial Coin Offerings) and cryptocurrencies as a different asset class thus exempting them from current securities laws. Mr. Davidson represents Ohio’s 8th District and can be considered as a voice of reason when it comes to the topic of crypto and ICO regulation in the United States. The legislation has not yet been made public but Mr. Davidson promised that it would be soon as there was an urgent need to provide clarity into the new industry. image via Shutterstock

TECHNOLOGY

South Korea: Telecom Giant KT Uses Smart Contracts to Settle Real-time Roaming Charges

KT, the South Korean Telecom Giant, has developed a blockchain-based system that can automatically settle real-time roaming charges. The new system uses blockchain-based smart contract. After the application of this technology, it can settle roaming charges on a real-time basis, a job that previously took a month. (Korean) image via Freebie

Global: Walmart Patents System for Accessing Medical Records Stored on a Blockchain

Big-box retailer Walmart has been awarded a patent for a system that is designed to store a patient’s vital medical records in a blockchain database.  image via Shutterstock

Global: Your Guide On Bitcoin's Lightning Network: The Opportunities And The Issues

Bitcoin has been around long enough that cycles in the market are starting to emerge. There was a spike in the value of Bitcoin at the end of 2017, reaching almost $20,000 at its peak. A huge rush of people entered the market to see how they could get in on it. A rush of new coins, smart contract based applications, and Ethereum copy-cats came out of the woodwork. image via Shutterstock

Germany: Baden-Württemberg Launches a Blockchain Initiative

With the Blockchain initiative of Baden-Württemberg, the initiators want to strengthen blockchain technology on a political and economic level. According to the press release, the initiative has the following objectives: 1. Integration of blockchain technology into policy considerations and actions 2. Creating framework conditions to establish Baden-Württemberg as a global competence center for blockchain technology and the Internet of Things and Industry 4.0 3. Empowering SMEs to use Blockchain technology, Internet of Things and Industry 4.0 4. Promoting technology cooperation between SMEs and large companies and supporting the development of the blockchain technology ecosystem in Baden-Württemberg (German) image via Shutterstock