China: China’s Central Bank Prioritizes Development of Digital Currency

China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency.  In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee and the State Council priorities on economic and financial initiatives ranging from monetary policy to support for small businesses. image via Shutterstock

US: Walmart Seeks to Patent a Way for Using Digital Cryptocurrency

Walmart Inc. appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc. The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which could allow for cheaper and faster transactions as well as loyalty features, according to a filing published Aug. 1 by the U.S. Patent and Trademark Office. image via Shutterstock

US: Judge Punts on Decision in New York Case Against Bitfinex and Tether

A New York judge has punted on deciding whether crypto exchange Bitfinex and stablecoin issuer Tether need to turn over documents and otherwise comply with a state investigation. The New York Attorney General’s office (NYAG) is looking into allegations that Bitfinex covered up the loss of nearly $1 billion in client funds by borrowing from Tether’s reserves. While the case has been ongoing since April, Monday’s hearing primarily revolved around whether the NYAG had the authority to conduct its investigation. image via Shutterstock

US: The IRS Is Warning Thousands of Cryptocurrency Holders to Pay Their Taxes

If you own bitcoin or other cryptocurrencies, you might want to check your mailbox. The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary taxes and to those who improperly reported taxes on digital assets last year, the agency announced Friday. image via Shutterstock

US: Treasury Secretary Mnuchin Bashes Bitcoin Claiming Its Future Looks Bleak

U.S. Treasury Secretary Mnuchin has taken his anti-crypto advocacy to a new level by saying he won’t be loading up on Bitcoin for the next 10 years. In an interview with CNBC’s Squawk Box on Wednesday, Secretary Mnuchin waved off suggestions that he would be a bitcoin billionaire in the next few years. The U.S. Treasury Secretary retorted: “I won’t be talking about bitcoin in 10 years, I can assure you that. I would bet even in five or six years I won’t be talking about bitcoin as Treasury Secretary, I’ll have other priorities. I can assure you I’ll personally not be loaded up on bitcoin.” 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

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...

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.

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

Global: Bitcoin: Hash Rate Telling A Bullish Story

As the cryptocurrency bear market presses on many investors worry that Bitcoin was just another passing fad. Bitcoin recently broke down past $8000 and is struggling to find support around $7800, the same level where Bitcoin broke out in early April in an attempt to break above $10000. The overall market capitalization is also in a steady decline breaking $400 billion from its all-time highs of over $830 billion. image via flickr

Global: Direct Crypto Conversions on Coinbase

As a crypto-first company, it’s important that we build features that let people take advantage of the unique attributes of cryptocurrency. That’s why we’re beginning to roll out a new feature called Convert, which customers can use to convert one cryptocurrency into another. Initially, customers can convert between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX), or Bitcoin Cash (BCH). image via Shutterstock

US: Coinbase Scores Major Whale for Institutional Brokerage Service

Industry giant Coinbase has scored a major win for its recently-launched institutional brokerage service, as a major hedge fund has begun using its platform to dip its toe into the fledgling cryptocurrency market. Citing unnamed sources familiar with the matter, Business Insider reports that the $20 billion hedge fund — whose name was not disclosed by the sources — began using Coinbase Prime following its launch earlier this year, perhaps a sign that cryptocurrency is preparing to emerge as a mainstream asset, at least among alternative investments. image via Shutterstock

Global: Binance Coin Spikes 13%, Again: Can Explosive Tokens Pump Bitcoin to $4,200?

Binance Coin (BNB), the native crypto asset of Binance Chain, a blockchain network developed by the world’s largest cryptocurrency exchange, has spiked by 13 percent again, extending the momentum of Bitcoin and the rest of the market. Within one month, the price of Binance Coin has surged from $7.8 to $15.31 by more than 96 percent against the U.S. dollar. image via Shutterstock

Regulation

US: GOP Senator Says Facebook Plans for Libra Coin Should Be Given a Chance

GOP Sen. Pat Toomey strayed from the Trump administration’s critical views on Facebook’s plan for the new Libra cryptocurrency, telling CNBC on Tuesday the digital coin should be given a chance. The Pennsylvania Republican said Libra is an “exciting innovation” that aims to solve the volatility that hurts other digital currencies, but he still has questions for the social media giant before its 2020 launch. image via Shutterstock

Russia: Illegal Online Casino Rapidly Develops in the Heat of Cryptocurrency

Recently, the Russian informational agency RBK published an article on its magazine about the booming development of an illegal online casino “Azino777”, which successfully operates and gains profits with the help of crypto-currency. According to the article, the annual bet has already been up to 15 billion rubles (approximately 240 million dollars). Azino777 got its fame through viral advertisement when people are looking at illegal or pirated content on the Internet. Also, experts say that it’s inevitable to witness some grey-zone industries developing with the great tendency of crypto-currency. (Russian) image via Shutterstock

US:Yale University Has Invested in Two Cryptocurrency Funds

The “herd” of institutional investors that cryptocurrency bulls such as Mike Novogratz have perennially said is just over the horizon is finally making an appearance, as reports have emerged that one of the world’s largest university endowments has invested in two cryptocurrency funds. Citing an anonymous source familiar with the  matter,  Bloomberg reports that Yale University, the Ivy League school whose endowment is the second-largest in higher education, has invested in Paradigm, a cryptocurrency fund founded by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Pantera Capital veteran Charles Noyes. image via Flickr

Abu Dhabi: Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications

Equichain, a UK-based fintech company that provides blockchain technology for capital markets, will advise the Abu Dhabi Securities Exchange (ADX) on how to use new technologies to increase efficiencies, as part of its market steering group. image via Shutterstock

TECHNOLOGY

Global: Bitcoin with Lightning Network more Closely Fits Satoshi’s vision says Charlie Lee

On 6th October, Charlie Lee elucidated on the difference between the on-chain Bitcoin and Litecoin payments in a series of tweets. The Founder of Litecoin’s release comes in the wake of a discussion with Roger Ver, the CEO of Bitcoin.com, who debated on the different aspects of Bitcoin. Lee basically pointed out to the basic difference between the two different modes of transfer, touching upon the various aspects of peer-to-peer transfer. According to him, the broadcast option improves the transaction certainty of individual transfers. image via Shutterstock

South Korea: Customs Service to Establish Blockchain-based E-commerce Platform

Korea Customs Service(KCS) signed a MoU(business agreement) this Monday with Koreacenter, CJ Korea Express, Lotte Global Logistics, and other companies to establish an imported e-commerce platform powered by blockchain technology, aiming at enhancing the efficiency in handling e-commerce transaction. (Korean) image via coinwire

South Korean: South Korean Bank Wants to Use Blockchain to Reduce Human Error

South Korea‘s second largest bank is in the middle of rolling out a blockchain-based system designed to reduce human error. Shinhan Bank is using the blockchain for Interest Rate Swap (IRS) transactions. The bank purportedly implemented this system at the end of November, local news reports. Interest Rate Swaps can get quite complicated, but fundamentally they are a type of futures contract based on swapping an interest rate between a number of parties. image via Shutterstock

China: China to Push Healthy Development of Blockchain Industry

China will create a better environment to promote the healthy development of the rising blockchain industry, the Ministry of Industry and Information Technology said. The blockchain is a digital ledger system that uses sophisticated cryptographic techniques to create a permanent, unchangeable, and transparent record of exchanges to trace each transaction. image via Shutterstock