Selected Articles of the Day

Hello steemians, the best three articles i have read today

Article no 1:

Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears

Summary: Mario Draghi, President of the European Central Bank (ECB), said it was not his organisation’s job to regulate Bitcoin. He also warned the public about the risks associated with the volatile cryptocurrency, he said ‘We’re very interested in this technology but it’s still not secure for central banking and therefore we need to look through it and investigate it more,’ he said.

Link: http://metro.co.uk/2018/02/14/price-bitcoin-ethereum-ripple-surges-european-central-bank-dismisses-cryptocurrency-ban-fears-7311566/

Article no 2:

Bitcoin Luges Its Way Into Winter Olympics

Summary: The 2018 Winter Olympic Games will be a big talking point for the next two weeks, the USA Luge Foundation has been campaigning for donations in Bitcoin on Medium since December 2017, one of the first donors to the USA Luge fund was former luge Olympian and Wall Street investor Ty Danco - who sees the fund as the perfect investment eyeing the next two Winter Olympic meets over the next eight years. While the USA Luge team isn’t exactly the most well-known team competing in the biggest sport, the possibilities of its Bitcoin fundraising/advertising endeavor could well start a trend for the cryptocurrency community. Moreover given that South Korea has been a booming hub for cryptocurrency trade over the past 12 months, you’d have expected more vendors accepting virtual currency for their wares at the ongoing Winter Olympics in Pyeongchang province. Transacting with virtual currencies while traveling could well become a massive use-case in the future.

Link: https://cointelegraph.com/news/bitcoin-luges-its-way-into-winter-olympics

Article no 3:

Dubai Issues License to Cryptocurrency Firm

Summary: The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing licenses to firms trading cryptocurrencies. The Dubai Multi Commodities Centre (DMCC) is a government entity established in 2002 to enhance commodity trade flows through Dubai. DMCC Free Zone is the largest and fastest growing free economic zone in the UAE. The Centre has started issuing licenses to allow firms trading in cryptocurrencies to operate from its free zone. DMCC’s view is that these [cryptocurrencies] meet the test of a commodity. They’re priced based on supply and demand, produced and sold globally at a uniform quality and (are) indistinguishable between products. The first license for the Free Zone reportedly went to Regal Assets, a gold trader and storage provider, the company will offer storage of bitcoin, ethereum and other cryptocurrencies in a vault located in DMCC headquarters.

Link: https://news.bitcoin.com/dubai-issues-license-to-cryptocurrency-firm/

hopefully more crypto companies will move to this free economic zone

Interesting articles, hope you enjoy them.

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