Month: September 2017

Hong Kong fascinated by Blockchain despite Bitcoin ban by China

We have seen that the tough decisions taken by central Chinese government on cryptocurrencies and exchanges has significant negative consequences on the cryptocurrency markets in last 2-3 weeks. However this decision by the Chinese Government has not deterred the small island state of Hong Kong to lose any interest in the Blockchain technology solutions. Hong …

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Bitcoin Blockchain vs. Business Blockchain

Bitcoin is a digital currency launched in 2009 with the intention of simplifying and increasing speed of online transactions by bypassing the government control of currencies and intermediaries. It does it by storing and transacting the currency over a peer to peer network, a blockchain, rather than using a traditional central monitoring repository. To those …

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NEO Founder Says Government Collaboration Possible; NEO & GAS Soar

In an interview with a Holland based financial publication Het Financieele Dagblad, NEO founder Da Hongfei  stated that Chinese government officials asked him for ‘suggestions’ and queried about NEO. This incident took place, before the People’s Bank of China deemed ICOs illegal and imposed a ban on them. The announcement sent the market into a frenzy, …

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Russian Government to Reward Cryptocurrency Researchers. Winner pockets 2.5 Million Rubles

According to the public procurement website of the Russian government, the Russian State of Duma is holding a tender for expert analytical study on Cyrptocurrency, Blockchain technology and Initial Coin Offerings (ICO). The winner will receive 2.5 million rubles (worth approximately $43,400 USD) from the Russian Government Federal budget. October 10th is the deadline for …

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Japanese Internet Major GMO Eyes to Invest $3 Million in Bitcoin Mining

One of the well-known Japanese Internet company GMO Internet.Co.Ltd. is soon going to be investing a whopping sum of $3 million, to launch its bitcoin mining operation. It is reported that their Bitcoin Mining operations might commence sometime in the first half of 2018. GMO, founded in 1990, is an internet giant in Japan which …

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Crux of Kyber Network

Problem Statement:   As per the white paper of Kyber Network, the following were the factors that motivated the team to come about the idea of Kyber Network. Risks Associated with Centralization: Although blockchain and cryptocurrencies as a whole are decentralized, but majority of cryptocurrencies are still being traded on the centralized exchanges. These centralized …

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boxing

Floyd Mayweather Publicizes Yet Another ICO

Spending bitcoins ethereum and other types of cryptocurrency in Beverly Hill https://t.co/q9VZ3MzpK8 pic.twitter.com/BYyOFUnm8W — Floyd Mayweather (@FloydMayweather) September 15, 2017   Amidst the Chinese crackdown on Initial Coins Offerings and USA restricting its residents from taking part in a number of ICOs, international boxing super star Floyd Mayweather came out in public, supporting yet another …

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