The cryptocurrency market in Bolivia is experiencing hard times, though the crisis is probably not going to last forever and sooner or later the market in the country will rise like a phoenix.

The government is now trying to not only  ban the use of cryptocurrency but to persecute any promotion of it with any means. They even arrested some people that were talking about bitcoin and other cryptocurrencies on social networks.

Read the full article: https://coinidol.com/phoenix-rise-of-the-bolivian-cryptocurrency-market/

The recent rally of the Bitcoin price to $3,000 paused with inevitable corrections and the price moved to the level of about $2,750 per BTC. Meanwhile, the main competitor of the world’s largest cryptocurrency - Ethereum (ETH) is pushing up.

To date, Bitcoin is the leading cryptocurrency with a $45 billion market cap, a big price that has reached its historical maximum high on June 11 ($3,005) and a huge daily trade volume of $2.7 billion.

You can read the full article and take part in the discussion here: https://coinidol.com/bitcoin-slows-down-ethereum-goes-turbo/

The Polish cryptocurrency community is actively developing, striving to engage ordinary people in bitcoin and blockchain technologies, and thereby, promoting the adoption of innovations.

They arrange a number of meetups, with the most popular and large-scale established in Cracow.

The topics of meetups are quite various, as the founders - Tomasz Korwin-Gajkowski, Wojciech Kwiatek, Jacek Sieradzki, Adam Kotucha and Tomasz Kurowski - aim at involving as many people from various spheres of activity as possible.

You can read the full article and take part in the discussion here: https://coinidol.com/poland-is-embracing-bitcoin-and-blockchain-technologies/

Emirates Islamic will become the first Islamic bank in the UAE to integrate Blockchain technology into its cheques.

The decision was announced to be an effective banking transactions security improvement and fraud prevention measure. According to a report, Emirates Islamic will issue new cheque books, termed ‘Cheque Chain’, carrying a unique QR-code on every leaf, along with a string of 20 random characters. The bank plans to have each cheque leaf registered on the Bank’s blockchain platform, enabling it to validate the authenticity of the cheque at the source.

You can read the full article and take part in the discussion here: https://coinidol.com/the-first-islamic-bank-to-use-blockchain-technology/

The Russian authorities are still exploring ways to regulate cryptocurrency transactions before making a draft of the new law for digital currency circulation. The latest proposal from the Russian Ministry of Finance states that digital currencies could be recognized as a commodity with the appropriate taxes and face obligatory customer identification.

Deputy Finance Minister Alexei Moiseev stated:

“Now there are different legal concepts of how to determine Bitcoin. We consider the definition of bitcoin as "other property”.”

You can read the full article and take part in the discussion here: https://coinidol.com/bitcoin-in-russia-might-become-totally-unanonymous/

The number of vacancies for people with Blockchain-related skills has tripled on LinkedIn in the past year.

According to a report by the Financial Times, the number of advertisements of vacancies related to the Blockchain and distributed ledger technologies exceeded one thousand. Moreover, this number continues growing by 40% each quarter.

You can read the full article and take part in the discussion here: https://coinidol.com/number-of-blockchain-vacancies-on-linkedin-tripled/

In the previous article about Bitcoin price trends at Coinidol.com, the experts predicted that the price of Bitcoin could hit $3,000 by the end of December 2017.

However, on June 6, the Bitcoin price hit an all-time high of $2,987. Almost $3 k per BTC. But then, the price fell down and now moves around $2,830-2,850.

We contacted cryptocurrency experts for comment on the possible future of the Bitcoin price and whether inevitable corrections will drive the price down.

You can read the full article and take part in the discussion here: https://coinidol.com/main-reasons-for-bitcoin-price-to-fall-before-3000/

On Tuesday, June 6, the Bitcoin price reaches a new historical maximum level of $2,850 USD and continues growing.

Despite the negative forecasts of experts at the end of May when Bitcoin’s price fell by more than 30% in one day and moved from its previous maximum of $2,760 to almost $1,800, today Bitcoin reaches new levels.

You can read the full article and take part in the discussion here: https://coinidol.com/bitcoin-price-reaches-historical-high-and-moves-towards-3000/

Russia’s largest bank, Sberbank, and steel and mining company "Severstal" have successfully used Blockchain technology to conduct international letter of credit transactions.

One of the Belarusian counterparties of PAO Severstal and Sberbank had already tested the issuance of an international letter of credit under a contract for the supply of steel. Sberbank announced the result of their first test of international letter of credit transactions using blockchain technology at the XXI St. Petersburg International Economic Forum last week, noting that this is the first of its kind Blockchain-based transaction in Eastern Europe.

You can read the full article and take part in the discussion here: https://coinidol.com/sberbank-conducts-letter-of-credit-on-the-blockchain/

Blockchain lottery TrueFlip has announced on June 2nd that the project’s website was listed as a website prohibited in the Russian Federation. The project has opted to comply with the blocking, however, they deem it erroneous.

Federal supervisor banning cryptocurrency-related websites

You can read the full article and take part in the discussion here: https://coinidol.com/blockchain-startup-trueflip-banned-in-russia/

In May 2017 almost all the most popular cryptocurrencies have shown unbelievable market capitalization growth.

Last month the capitalization of the whole market rose from $36.585 billion to $82.76 billion. Following the skyrocket of the Bitcoin price that in May rose by 70% from $1347 to $2290 per BTC, several altcoins have also managed to overcome new psychological levels.

You can read the full article and take part in the discussion here: https://coinidol.com/top-fastest-growing-cryptocurrencies-in-may/

In May 2017 almost all the most popular cryptocurrencies have shown unbelievable market capitalization growth.

Last month the capitalization of the whole market rose from $36.585 billion to $82.76 billion. Following the skyrocket of the Bitcoin price that in May rose by 70% from $1347 to $2290 per BTC, several altcoins have also managed to overcome new psychological levels.

You can read the full article and take part in the discussion here: https://coinidol.com/top-fastest-growing-cryptocurrencies-in-may/

On May 30, Bolivian authorities arrested 60 ‘cryptocurrency promoters’. Seems like the swan song of cryptocurrency markets in the country.

Bolivia has always been hostile towards Bitcoin and cryptocurrency, as the government didn’t want any uncontrolled currency in the market. They prohibited the use of any cryptocurrencies back in 2014, having motivated their ban by their wish to protect the Bolivian national currency, the boliviano.

You can read the full article and take part in the discussion here: https://coinidol.com/a-requiem-for-bitcoin-in-bolivia/

Numerous energy-trading companies are looking into adopting blockchain technology for conducting transactions. What they want is to create a peer-to-peer network allowing them to deliver energy to customers quickly and efficiently, without a difficult process involving third parties.

Blockchain-based solutions are able to significantly disrupt the energy-trading sector, offering seamless interaction between market participants, improving transaction speeds, increasing the reliability of data and reducing cost. Coinidol has made a list of companies that offer or are looking into offering blockchain-based and smart contract-based solutions for trading in the energy sector.

You can read the full article and take part in the discussion here: https://coinidol.com/energy-sector-welcomes-blockchain-worldwide/

As Bitcoin is growing more and more popular, many players in the traditional financial market are turning to cryptocurrency. For example, Japanese ATM manufacturer Oki is going to launch a new line of Bitcoin ATMs that would allow converting cryptocurrency into local cash or make deposits with fiat money to a cryptocurrency account.

They plan to launch their first machines in China, and then expand to other emerging Asian countries as cryptocurrency is getting more and more popular there. Moreover, they are going to offer other supplementary services with their machines such as bill payments or money transfers with a smartphone. It depends on specific local demands and services local banks are offering.

You can read the full article and take part in the discussion here: https://coinidol.com/atm-manufacturers-turn-to-bitcoin/

Dubai is actively implementing blockchain technology - is it only cat talk or could the plans actually to come to life?

The government of Dubai is actively backing the initiatives on implementation of blockchain technology in banking and other spheres of life. The strategy seems bright enough, however, it is mostly just plans for now.

Dubai authorities ambitiously state that they strive to make Dubai the first blockchain-backed government ever by 2020. Too good to be true?

You can read the full article and take part in the discussion here: https://coinidol.com/dubai-is-leading-the-way-for-blockchain-implementation/

The Financial Committee of the Ukrainian government has published a draft law that suggests changing the regulation of money transfers, including cryptocurrencies.

According to a report by local news media, the draft of law No. 5361 significantly changes the approach to the questions of digital currency issuing and circulation, in particular, it proposes allowing the release of digital money not only to banks, but also to other financial institutions that have licenses.

You can read the full article and take part in the discussion here: https://coinidol.com/ukraine-to-collect-personal-income-tax/

The Russian Quantum Center has created and tested the world's first "quantum-secured Blockchain". Researches claim that they managed to develop an unbreakable distributed data storage system protected by quantum cryptography methods.

You can read the full article and take part in the discussion there: https://coinidol.com/quantum-secured-blockchain/

The International Air Transport Association (IATA) plans to test a new Blockchain-based cryptocurrency to pay compensation for flight delays.

A new cryptocurrency, Travacoin, was represented at the  SITA IT Summit in Brussels this week. This coin was developed by the Travacoin startup specially for airline companies and tourist agencies as a payment system of compensation for denied boarding, long delays and cancellations.

You can read the full article and take part in the discussion here: https://coinidol.com/travacoin-used-as-compensation-for-flight-delays/

The Toyota Research Institute has announced it has partnered with MIT Media lab to explore Blockchain technology and the possibilities of using its advantages for self-driving cars.

According to a report, the wholly owned unit of Toyota Motors North America has also teamed up with Bigchain DB company, which is building the database, Oaken Innovations, the company developing an application for car-sharing and payments, and the Commuterz startup, that is creating car-pooling, on a new Blockchain project for driverless cars.

You can read the full article here: https://coinidol.com/toyota-to-explore-blockchain-technology/