Month: November 2018

What Is Waltonchain (WTC)? | A Guide to the IoT and Supply Chain Blockchain

What Is Waltonchain? Waltonchain combines blockchain with IoT (specifically RFID) to create a management system for supply chains. The project is named after Charlie Walton, the inventor of RFID technology and a pioneer in the space. Logistics systems are complex and commonly involve several different parties. As these systems grow, it becomes increasingly tough for …

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What Is Ethos? An In-Depth Look at the User-Centric Cryptocurrency

What Is Ethos? Ethos is a U.S.-based company and cryptocurrency. Their mission is to make it easy for anyone to own cryptocurrencies. In order for cryptocurrency to gain acceptance in society, it needs to be simple to use. Ethos proposes an easy-to-use universal wallet and fiat gateway that makes buying, trading, and managing your crypto …

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Venezuela Approves Law Granting Legal Effect to the Petro

A government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. Also read: Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President ‘Breaking Financial and …

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HashFlare Review | Cloud Mining Takes Another Reputation Hit

The popular cloud mining service HashFlare announced earlier this year that it had suspended services to its Bitcoin contract customers. In a July statement via Facebook the company noted the ongoing issues with SHA-256 contracts: “For over a month our users encountered a situation when the payouts were lower than the maintenance fees, resulting in zero …

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Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility

In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. Also Read: Markets Update: Dump Drives Record BTC Volume on …

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Spain Monitors 15,000 Cryptocurrency Investors to Curb Tax Evasion

Spain’s Ministry of the Treasury has identified 15,000 cryptocurrency investors it will monitor to prevent tax evasion and money laundering, according to local media reports. The ministry has vowed to ensure that the investors pay taxes on capital gains from digital currency transactions and that they declare any other benefits accrued from trading. Also Read: KPMG: …

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Indian Government Expects to Finalize Crypto Bill Next Month

The Indian government has reportedly filed an affidavit with the country’s supreme court detailing its progress on cryptocurrency regulations. “Serious efforts are going on” to prepare the draft crypto bill and report, the government explained. The two are expected to be discussed by the inter-ministerial committee by next month. Also read: Yahoo! Japan Confirms Entrance Into …

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Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETF

New.Bitcoin.com has confirmed that the exchange-traded product tracking an index of five leading cryptocurrencies will start trading on Switzerland’s principal stock exchange on Nov. 21. The exchange has also confirmed that this product is not an exchange-traded fund (ETF). The country’s financial regulator, Finma, explains the differences. Also read: Yahoo! Japan Confirms Entrance Into the Crypto …

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