Headlines for the world of Cryptocurrencies - August 10, 2018steemCreated with Sketch.

in #cryptocurrency6 years ago (edited)

Brian Kelly: Selling Due To ETF Delay Is A Mistake

Brian Kelly, CEO of BKCM and CNBC Fast Money Contributor has revealed that selling Bitcoin due to the delay of US Securities and Exchange Commission on a Bitcoin ETF is a mistake.

In just over 48 hour period we have seen the market lost about $29 Billion, seeing most cryptocurrencies losing as much as 10 to 25 percent.

Although a lot of analyst are pointing to the delay on the Bitcoin ETF, it was surprising to see the market to react in a way it did since the decision was expected.

Some are pointing to large sell-off in the over-the-counter market cause the market to plumment.

However, whatever the case it might be Kelly emphasized that it was not the right move for investors to sell holdings.

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Ethereum Proof-Of-Authority Algorithm On Azure

According to its official blog-post, Microsoft’s Cloud Platform Azure has introduced a proof-of-authority on its Ethereum blockchain product.

The new Ethereum network is said to be a more efficient way of developing decentralized applications for private and consortium of networks that consist of reputable participants.

This new algorithm is said to be based on the principle of approved validators or identities in a blockchain and does not require complex algorithmic competition.

It is also said to be equipped with several features that will ensure the security and robustness of the system. These includes Governance Dapp, identity leasing system, Parity’s web-assembly support and Azure monitor.

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Patent For Processing Bitcoin Payments Via SMS

A company based in California and Intuit, a financial software company, is said to have been awarded a patent for processing Bitcoin payments via SMS.

The patent was shown in the US Patent and Trademark Office (USPTO) last Tuesday and details how a system of virtual accounts could enable two users to transfer funds using mobile phones.

The said patent was filed four years ago in 2014 around the same time when Intuit released QuickBooks Bitcoin Payments, a Bitcoin transaction processor which enables small businesses to accept Bitcoin payments.

The company reveals that the system relates to different methods of processing payments.

This includes receiving through a payment service or via a payment text message that includes amount of payment and an identifier of a payee mobile device.

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Thai SEC: Growth In ICO and Digital Assets Operations Licenses

The Thai Securities and Exchange Commission has revealed that there has been an increase in license application to operate Initial Coin Offering (ICOs) in the country, after the Ministry of Finance announced to regulate ICO.

Rapee Sucharitakul, secretary-general of SEC said that almost 50 ICO projects have expressed interest in becoming certified.

The authorization process will take as much as 5 months, wherein 90 days for the SEC to assess the application and 60 days for the Finance Ministry to approve or disapprove the license.

Moreover those seeking approval must be based in Thailand, has paid-up registered capital and have sound financial status.

The government of Thailand has taken up a very positive stance on cryptocurrencies and blockchain regulations, which could only mean good news to the whole cryptocurrency community especially in the said country.

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Philippines Wants To Be The Crypto Valley Of Asia

The Philippines government is said to be building the Crypto Valley of Asia.

This will be a cryptocurrency and Fintech hub that can be likened to the one located in Switzerland in the Zug canton.

The said hub will be located in the Cagayan Special Economic Zone and Freeport in partnership with private property developer Northern Star Gaming & Resorts Inc.

The economic zone is said to be preparing to host 25 crypto Firms.

The economic zone is called the Crypto Valley of Asia (CVA).

CVA consist of the 25 firms that will comply with strict security requirement for licensed overseas virtual exchanges (OVEs).

This will also include co-working spaces, business incubation and acceleration hubs and back offices for service providers to the global crypto space.

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Headlines for the world of Cryptocurrencies - August 09, 2018

Tom Lee: Bitcoin Not Broken, Misery Index Indicates / Swiss Bank Embraces Crypto / Blockchain Technology For Elections / $60 Billion Art Market Prefers Bitcoin / SEC Delays Decision For VanEck-SolidX Bitcoin ETF

Headlines for the world of Cryptocurrencies - August 08, 2018

Bitmain To Start Operations In Texas USA / Crypto Custody From Goldman Sachs A Possibility / SEC Commissioner Admits U.S. SEC No Jurisdiction On ETF Decision / Cryptocurrency Ownership Transparency In The U.S. Congress / Coinbase Is Back In Wyoming

Headlines for the world of Cryptocurrencies - August 07, 2018

Thai Banks Allowed To Open Subsidiaries To Invest In Crypto / Canaan Releases The First Bitcoin Mining TV Set / VeChain Partners with Japan’s Biggest Telecom Company / Ripple Partners With Madonna For A Cause / Government Of Scotland Thinking Of Blockchain Adoption

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That is fantastic,phillipines interest is increasing day by day in crypto.

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