Recently there is a news that a US crypto firm is all set to operate in Abu Dhabi. The firm is a well-known provider of financial technology products for the token based issue and security trades. Its based in the US and known by the name Securrency.

The crypto-asset business will be regulated under the new Abu Dhabi Global Market(ADGM), a regulatory framework in UAE’s capital.

The very first step that the firm will take is to file an application with the Financial Services Regulatory Authority (FSRA) of ADGM in order to take over the license so it could continue with the business. The second step will then be the partnership with blockchain companies to introduce the fully-regulated organization for the clients abroad.

Securrency will offer the custodial services of the crypto and also exchange platform which will access large-scale global liquidity. Also, it includes compliance in the onboarding, subscription, enrolment and issuance process. The company ensures that the tokenized securities remain intact even after issuance of them, for that purpose they use Compliance Aware Token TM technology. They also include secondary-market trading.

John Hensel who is the chief operating officer of Securrency and also the senior executive officer of Securrency MENA said that the organization’s goal is to launch a fully-regulated exchange for asset classes through ADGM’s existing system. He stated,

“This is the only way to provide stability, overcome challenges and ultimately, facilitate economic development via investment opportunities, particularly for private equity and institutional investors in this region.”

Wai Lum Kwok, executive director, Capital Markets and Financial Services Regulatory Authority of ADGM added further... click here to read full.

Coinbase Adds Support for Ethereum Classic - Buying and Selling Option Added For Consumers

Ethereum Classic is now a part of Coinbase. This new buying option has been now added and the customers have got yet another way to trade or make transactions.

The launch of Ethereum Classic was announced in July but the implementation is done after the Coinbase took its time to implement their ideas regarding the newest addition. Last year when Bitcoin Cash was added they faced quite a few criticisms. Allegations of insider exchanging drove the organization to investigate this incident which saw benefits and wild price variances for Bitcoin Cash directly after its expansion into the trade. It later presented a structure for including new tokens.

Ethereum Classic was originally launched in 2016 after the major hack on The DAO which was a fundraising vehicle for the project. The Ethereum Foundation then created a new version that saved the lost funds. The value of Ethereum Classic spiked by 20% according to the last month’s news.

Coinbase has now made an approach to add more cryptocurrencies in its list. The addition of Ethereum Classic takes it to five tokens namely- Bitcoin, Ethereum, Litecoin and Bitcoin Cash are the others but that will be going through a change this year.

Click Here to read more on, what Dan Romero, the head of Consumer business at Coinbase spoke.

India May Treat Cryptocurrencies As Commodities, Instead Of A Complete Ban with this The Indian Govt Plans To Launch Crypto Tokens For Financial Transactions and Indian State of Telengana To Sign MoU For Blockchain Technology

All the crypto lovers already know that Bitcoin ETF has been topping news this year in the crypto world but do you know that there is a similar product that already exists?

The product is similar to Bitcoin ETF and the investors in US markets will be benefited by it as they will be able to allocate more funds into that bitcoin market.

Nine companies have currently applied to the US Securities and Exchange Commission(SEC) to work on the bitcoin exchange-traded fund. Two companies named The Chicago Board Options Exchange (CBOE) and VanEck bitcoin ETFs have the highest probability of being approved by the SEC by early 2019.

Now to explain ETFs, they are tradable instruments that are meant for the public and is listed on the stock market. It allows investors to trades the assets and commodities with their brokerage accounts. They can also invest in copper and gold.

Investors of cryptocurrency sector including BKCM organizer Brian Kelly and Fundstrat expert Tom Lee have said that launching a bitcoin ETF in US markets will adequately legitimize the bitcoin and cryptocurrency market, opening the cryptocurrency segment to a group of investors who were not ready to put resources into BTC, perhaps because of administrative clashes.

Fundstrat founder Tom Lee has also stated that a bitcoin ETF would make cryptocurrency a legal matter as an asset class. However, it is not perfectly true that the traders or investors in the old fiat currency market cannot invest in BTC and cryptocurrencies as a new asset class.

But, last year, an ETN in Sweden operated by XBT Provider has been observed with a significant increase in its volume, which surpassed the volume of 80 percent of ETFs in the US.

Eric Balchunas, an ETF expert tweeted back in December,

“Sweden’s bitcoin ETN is now bigger and trades more than about 80% of US ETFs. It hit $700m in aum today while trading $220m this week (insane #s for Sweden)”

The CEO of CoinShares, Ryan Radloff which examines the operation of the ETN, said that the expansion of the ETN from Sweden to the US is an enormous triumph for the Bitcoin sector. He stated,

“Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin. Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona.”

Now the Doubt is whether ETN is as worthy as ETF?

Last year, Mark Cuban, who is the billionaire investor and also the owner of the NBA team Dallas Mavericks, said in an interview with Bloomberg that he proceeded his first investment in bitcoin through the XBT Provider bitcoin ETN. He said,

“It is interesting because there are a lot of assets which their value is just based on supply and demand. Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. BTC is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange.”

So, ETN has the similar ability and it provides more of the same liquidity to investors in the US markets.  Click Here to read full.

Everipedia which is considered to be the biggest competitor of Wikipedia is live now. It is the first decentralized internet encyclopedia that is based on the blockchain technology. Everipedia is uncensored in terms of information and also it comes under no central power.

Everipedia is live now and it has 6 million articles, which is more than Wikipedia that has been around for 17 years now.

According to the team of Everipedia, the site is totally free from ads and promotions. It is decentralized and made for ‘truth-seekers.’

The information shared is not bound to the countries and regions and can be viewed by anyone even if it's banned. The co-founder and CEO of the organization, Theoder Foselius says,

“Wikipedia is largely older white men, we’ve tried to focus on getting a lot of female edits, younger editors, and diverse background and ethnicities.”

There are many differences between these two platforms. At Wikipedia, the contributors work for free but Everipedia has introduced the concept of incentives that will encourage people to contribute for it.

Everipedia will reward the contributors with the IQ tokens. IQ tokens will allow the holder eligible to governance and voting rights of the organization. Everipedia is under no central server and no centralized power. The project’s existence is not liable to a few people. The CEO says, “If everyone on the team got abducted tomorrow, the site would keep running.”

Click Here to read, what co-founder of Wikipedia, Larry Sanger says.

日本の金融管理者は、23の暗号化交換のオンサイト評価を完了しました。組織は多数の問題を発見し、それらに関する報告書を放棄した。コントローラは、調査結果を利用して、評価を待っている100を超える組織を含む、新しい暗号交換候補者のレビュー手順を修正します。

日本の最高財務責任者である金融庁（FSA）は、今週金曜日、全国で働く23の暗号化交換の現場レビューの結果を宣言した。これらの23のうち7つが完全にライセンスされた暗号トレードであり、残りは「ディーラーとみなされている」ことが分かった。

これらの取引は、そのアプリケーションが代理店によって継続的に監視されている間に実行することができます。

1月には、Coincheckがハッキングされ、これらの機関が不審になり、取引所の見直しが開始されました。

この発表とともに、FSAは、取引所の監視から見つかった問題を含む報告書を明らかにした。

日経は、迅速な取引で内部システムのメンテナンスが更新されなかったという混乱した現実を検査で明らかにした。リスクは、これらの仮想通貨については未評価のままであった。

ここをクリック 完全なニュース

Hong Kong University Receives $20 Million Funding For Research On Payment Systems


On August 12, the China news reported that The Hong Kong University of Science and Technology Business School has got $20 million research grant in order to improve the security efficiency of electronic payment systems.

According to the report, there are three universities that The Hong Kong University of Science and Technology (HKUST) Business School has combined with. They are: University of Hong Kong (HKU), the Chinese University of Hong Kong (CUHK), and the City University of Hong Kong (CityU). These universities will now work on the research project.

The other motive that these parties will fulfill is to find out more about blockchain technology applications and also to discuss the possibility of Hong Kong to turn into a worldwide financial and technological hub.

This research will be coordinated by Tan Jiayin, who is best known for his amazing work on the “Strengthening Hong Kong's Strategic Position as a Regional and International Business Center”. He worked with the focus on the blockchain, network security, and artificial intelligence(AI). He included the role of banks in the research as well. The motive was to explore more about cryptocurrencies and financial product design and distribution services.

Click Here to read what Hong Kong government made plans to launch a blockchain-powered trade financing system.

Crypto Exchanges Protest Against Korea's Removal of Crypto Businesses from Tax Reduction Bill

The government of South Korea has made a very controversial decision which provoked the exchanges to protest. They removed cryptocurrency business from its tax reduction bill. The decision was pretty quick. But Korea was first to pass "The New Cryptocurrency And Blockchain Bill: A Positive Crypto Legislation"

Local cryptocurrency exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill.

Earlier this month, the government of South Korea released a proposition entitled "Venture Enterprise Bill", a bit of administrative system planned to fuel the development and advancement of small to medium-sized organizations. If passed, the bill will give an extensive variety of advantages to organizations over different enterprises, including 50% of tax reduction.

On August 12, the government of South Korea officially made a statement that the blockchain project and cryptocurrency-related business will be taken out of the bill. There are restaurants, bars and event operators that are included in the list that will be taken off from the bill.

Local authorities expressed that blockchain projects and cryptocurrency exchanges were wiped out from the bill to prevent a rapid increase in speculation in the new asset class, communicating their worries over the present condition of the cryptocurrency trade market in South Korea.

A year ago, in December, the demand for digital assets in the nation flooded to a point in which existing supply of cryptocurrencies on the local trading exchange was not adequate to encourage the exponentially increasing volume driven by new purchasers and examiners.

Subsequently, the Financial Services Commission (FSC) and other financial offices in South Korea forced a few arrangements to impose with the so-called "Kimchi Premium" in the local trade market, which achieved 30 to 40 percent in late 2017.

Click Here to read full statement by local publications.

Bitpanda Scheduled to Add 0X Token (ZRX), Just as Altcoins Crash

The Bitpanda exchange service is scheduled to add the 0x token (ZRX) to its growing portfolio, in a move to include more ERC-20 digital assets with a promising profile. The token is linked to a distributed app and a protocol for creating decentralized exchanges.

The 0x protocol has been tested as a solution by businesses, although the utility of the ZRX token is uncertain. Almost a year after the 0x ICO ended, the project is in its infancy. Based on data from DappRadar, the 0x dapp has usually less than 200 users in 24 hours.

The 0x protocol, however, is used by the Radar Relay exchange, a marketplace with a volume of $1.5 million in 24 hours, and listing 58 altcoins. At the moment, decentralized exchanges are small in comparison to leading marketplaces such as Binance, but their activity has been key to achieve price discovery for new projects. The 0x protocol is seen as one of the major developments in decentralized exchanges, along with IDEX, EtherDelta, and Bancor.

The ZRX digital asset has been volatile, but in the past day the drop accelerated with the rest of altcoins. The price dropped precipitously both in dollar terms and against Bitcoin (BTC). The slide started in the early afternoon this Monday, around 15:00 UTC, and deepened, to take the token from around $0.87 and down to $0.68.

Suddenly, ZRX lost more than 25% of its value in the past 24 hours, with most of the trades against BTC. ZRX is concentrated on Binance, and OKEx has significant prevalence. This opens up trading to bot activity and speculation on a single exchange.

The listing of ZRX arrives at a time when the altcoin market is remarkably weak, and interest in crypto coins has been lowered. However, the possibility for a small-scale portfolio and relatively affordable investments are one of the positive points for using BitPanda. With assets that are liquid enough, the service offers a suitable price for moving into fiat.

Click Here to read more on Bitpanda Scheduled to Add 0X

The Japanese financial controller has completed the on-site assessments of 23 cryptocurrency exchanges. The organization discovered numerous issues and has discharged a report regarding them. The controller will utilize the findings to fix its review procedures of new cryptocurrency exchange candidates, including more than 100 organizations that have been waiting to be evaluated.

Japan's best financial controller, the Financial Services Agency (FSA), declared the consequences of the on-site reviews of 23 cryptocurrency exchanges working in the nation, this Friday. It was found that 7 out of these 23 are fully licensed crypto trades, rest being “deemed dealers”.

These exchanges are allowed to run while their applications are under continuous observation by the agency.

In January, the Coincheck was hacked which made these agencies suspicious and they started reviewing the exchanges.

Along with this announcement, the FSA also revealed a report that includes the problems that were found from the monitoring of the exchanges.

Nikkei elaborated that the inspection reveals a disorganized reality that the maintenance of the internal system was not updated with the quickly changing transactions. The risks were left unevaluated for these virtual currencies.

Furthermore, the news outlet conveyed that the agency found certain facts. They found, “the total assets of the exchanges rapidly expanded to more than 6 times in one year.” There are fewer than 20 executives at places, with assets under the custody of “3.3 billion yen per person” on average.

Click Here to read, Nikkei, three companies are under observation, including Coincheck.

Lisk's First Major SideChain ICO - Madana, Is All In Gears

Lisk has been among the most prominent cryptocurrencies mainly because of its Sidechains. The arrival of Lisk's Sidechains are expected in the first quarter of 2019, and now we have the very first official sidechain ICO, Madana.

Let's see what exactly is Madana?

Madana is an abbreviated form of Market for Data analysis. MADANA stands for an open data analysis platform, preserving privacy by design. The blockchain-based ecosystem allows anyone to stay in control of their data while monetizing it in an anonymous way, which is the current need of the hour as in the present situations, the data producers hand over their produced data to third parties.

Apart from this, Madana also provides a feature where they can give data to Data Analysts for getting a reward which in turn gets processed by the Analysts and once done, it can be sold to third parties.

In this way, Madana protects the data from being misused with the help of blockchain technology. Currently, Madana is in the patent-pending process.

The project is having a sturdy and sizeable team for the pre-ICO, making a strong foundation of the project which can not only just be an application of LISK but also can be applied beyond the blockchain use cases.

Madana has its native token that will be fuelling the Madana data ecosystem, called Privacy Analysis Exchange (PAX) token. The public presale will start on September 1 and close on October 31. During this presale, PAX tokens will be sold for $0.50.

Why Madana Chose LISK? Read Here full                

Cardano Introduces Smart Contracts Testnet For The IELE Virtual Machine

Cardano announced its latest achievement on July 30th via the IOHK blog. The launch of the IELE VM testnet was a great success. To brief about IELE, it serves as a “lower-level” platform which allows the execution of smart contracts from the comparatively higher level languages, namely the solidity language.

This is a stage forward for Cardano, as well as for the universe of the blockchain. Out of the blue, engineers will have the capacity to try out the real Cardano innovation which will eventually end up executed into the Cardano stage.

This is the second of 2 ongoing testnet dispatches for Cardano. In May 2018, Cardano discharged the KEVM testnet, where the EVM (Ethereum Virtual Machine) was interestingly characterized in the K structure.

IELE has 2 sections: a “correct-by-construction” VM in the K system (the KEVM), and a Solidity-to-IELE compiler. The compiler takes into consideration programs written in the Solidity language (the programming language used by Ethereum) to be used as an input to the KEVM machine, and in the process will take into account numerous blunders to be distinguished early.

Cardano (ADA) is also planning to release... Read here full

Japan's financial regulator is reportedly taking a gander at renewing its regulatory system for the cryptocurrency segment to mitigate the speculations.

In April 2017, the Financial Services Agency (FSA) – Japan's budgetary controller – upheld new enactment that updated the Payment Services Act to perceive cryptocurrencies as legitimate tender.

The administrative move was spearheading at the time wherein a noteworthy economy ordered household crypto trade administrators to enlist and procure a permit from the expert to work a crypto trade in Japan.

The regulator commanded the system to proactively get ready for a flood in cryptocurrency appropriation, particularly in their utilization in installments and settlements.

A senior official from the regulatory authority told the Japan Times,

“the FSA moved to prevent a situation in which there is no law governing(cryptocurrencies) when they come into wide use.”

However, the report on Wednesday revealed that the regulator did not anticipate adopters swinging to cryptocurrencies like bitcoin for an investment instead of payment instruments and, therefore, is currently taking a gander at tweaking those directions to check speculative investments.

In order to ‘close the gaps between regulations and actual practice for cryptocurrencies’, the FSA set up a panel of experts in April as it further hinted the regulatory shakeup of the current system.

As reported by CCN in July, the FSA... Click Here to read full report.

Ethereum Classic price at $21 What do you think, how high ETC will go?

Kali Digital, which runs the crypto exchange - CoinRecoil, set to be launched in August 2018, filed an official claim on April 16, expressing that RBI's circular violates the Articles 19 (1) (g) of the Indian Constitution – allowing citizens the right to any occupation, trade, or business – and Article 14 – prohibiting  discrimination between equals. The High Court of Delhi's notice, issued by Judges S. Ravindra Bhat and A. K. Chawla seeks a response from the three parties involved, by May 24.
 
Kali Digital understands that RBI's decision will prevent CoinRecoil's business activities in an unlawful way, as indicated by a passage of the case written in nearby news outlet The Economic Times:
 
“On account of the impugned circular, the petitioner will not be able to avail banking services to operate the cryptocurrency exchange ‘CoinRecoil’. Such banking services are imperative for the business of the petitioner. Consequently, the business [...] is stillborn.”

Kali Digital incorporated the GST Council in the claim because of what they see as an inability to "outline fitting regulation on crypto-currency standards [sic] [...] [that] expanded the vulnerability over the treatment of such transactions and is adversely influencing the proposed business of the petitioner," the Times of India composes.
 
Tech investor and crypto enthusiast Tim Draper too had reacted contrarily to the RBI's circular, saying in an interview that the Indian government’s refusal to recognize cryptocurrency as valid tender is “the stupidest thing” and that he would have told Prime Minister Narendra Modi that RBI’s crypto ban is a “huge mistake.”

Delhi high court seeks a response from RBI regarding Cryptocurrency Ban
SC Refuses To Grant Temporary Relief on RBI's Cryptocurrency Ban

They have been granted the time as the final hearing is scheduled for September 11.

Airdrop and Bounties, Why they are important and do we earn any profit from it?

On 3rd August, Zebpay, India’s leading cryptocurrency exchange tweeted the launch of its new coin TrueUSD [TUSD] which can now be deposited on the Zebpay wallet that is available for both iOS and Android users.

Just only to stay safe Zebpay did this and also claims TrueUSD [TUSD] will prove to be a valuable asset to unstable price jumps.

The key feature of the coin according to Zebpay, will be being able to send/withdraw TUSD from Zebpay to any wallet without any network transfer fees.

Currently, the TUSD withdrawals will be available on the platform from Monday, 6th August. An update will be provided to users when the trading of TUSD/BTC starts. Users can start trading in 20 cryptocurrencies and 35+ trading pairs on Zebpay exchange.

Through this launch, Zebpay is working at resolving trading limitations in India and serve as a new benchmark to cryptocurrency in India. Zebpay also claims that TUSD tokens are backed by various trust firms that it has partnered with.

On 3rd August, Zebpay, India’s leading cryptocurrency exchange tweeted the launch of its new coin TrueUSD [TUSD] which can now be deposited on the Zebpay wallet that is available for both iOS and Android users.

Just only to stay safe Zebpay did this and also claims TrueUSD [TUSD] will prove to be a valuable asset to unstable price jumps.

The key feature of the coin according to Zebpay, will be being able to send/withdraw TUSD from Zebpay to any wallet without any network transfer fees.

Currently, the TUSD withdrawals will be available on the platform from Monday, 6th August. An update will be provided to users when the trading of TUSD/BTC starts. Users can start trading in 20 cryptocurrencies and 35+ trading pairs on Zebpay exchange.

Through this launch, Zebpay is working at resolving trading limitations in India and serve as a new benchmark to cryptocurrency in India. Zebpay also claims that TUSD tokens are backed by various trust firms that it has partnered with.

Yenom Launches Bitcoin Cash Kit(BCK) Developed In Apple's iOS Language Swift


A new Bitcoin Cash Kit (BCK) has been introduced by the developers of Yenom which is the Bitcoin Cash-centric mobile wallet. This Bitcoin Cash Kit is basically for BCH developers. This Cash Kit is the implementation of the Bitcoin Cash protocol. It is also the first library for iOS which is an important addition to the Bitcoin Cash ecosystem.

Yenom wallet's newly launched library - the Bitcoin Cash Kit (BCK) allows the users and the developers to maintain a wallet with the assets of
storing, sending and receiving bitcoin cash without even downloading the full updated node. The Yenom developers, Hashhub, and the Cryptocurrency Age
are even releasing a mobile phone application on August 18.

The Bitcoin Cash Kit includes a few conventions that can enable designers to deliver strong BCH stages. BCK incorporates encoding/translating
addresses from base58, Cashaddr, P2PKH, and WIF positions. Along with this, BCK additionally has exchange building squares, EC keys and marks
close by BIP32, and BIP44 various leveled deterministic wallets. Besides, there's likewise a BIP39 execution, and engineers clarify that SPV highlights
are not fully complete yet.

Yenom gives the details regarding the Bitcoin Cash hackathon. Click Here to read full.

Yenom Launches Bitcoin Cash Kit(BCK) Developed In Apple's iOS Language Swift


A new Bitcoin Cash Kit (BCK) has been introduced by the developers of Yenom which is the Bitcoin Cash-centric mobile wallet. This Bitcoin Cash Kit is basically for BCH developers. This Cash Kit is the implementation of the Bitcoin Cash protocol. It is also the first library for iOS which is an important addition to the Bitcoin Cash ecosystem.

Yenom wallet's newly launched library - the Bitcoin Cash Kit (BCK) allows the users and the developers to maintain a wallet with the assets of
storing, sending and receiving bitcoin cash without even downloading the full updated node. The Yenom developers, Hashhub, and the Cryptocurrency Age
are even releasing a mobile phone application on August 18.

The Bitcoin Cash Kit includes a few conventions that can enable designers to deliver strong BCH stages. BCK incorporates encoding/translating
addresses from base58, Cashaddr, P2PKH, and WIF positions. Along with this, BCK additionally has exchange building squares, EC keys and marks
close by BIP32, and BIP44 various leveled deterministic wallets. Besides, there's likewise a BIP39 execution, and engineers clarify that SPV highlights
are not fully complete yet.

Yenom gives the details regarding the Bitcoin Cash hackathon. Click Here to read full.