By huobi

Regulation in the world of Bitcoin and cryptocurrency is often seen as a double-edged sword, however, recent events tilt the scale in favor of the Bitcoin and Blockchain regulation.

• Circle CEO said, that more regulation in Fintech and Bitcoin would make it easier to conduct business. He told that the company plans to pursue digital financial services beyond payments in the future, such as lending or investing advice, and while it’s theoretically impossible to control Bitcoin due its decentralized nature, Circle feels additional regulation would be a positive thing for business.

• The New York State Department of Financial Services (NYDFS) issued a BitLicense to award the distributed ledger startup “Ripple”. It is the second BitLincese issued by the NYDFS. The BitLicense approval, effective this week, allows the startup to sell and custody XRP, the native asset that powers its Ripple consensus ledger.

• A Hong Kong regulator has indicated how the blockchain can help financial institutions to overcome money laundering. Hong Kong market regulator, Benedicte Nolens told this technology should be used to comply with AML and KYC regulations, rather than be subjected to it. Blockchain is not only transparent but it also prevents duplicate transactions, and it can reduce the risk of fraud.

Regulators have not always keen on blockchain technology, but lately they have started to see its potential benefits.


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Source: news.bitcoin, coindesk

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• Oles Slobodeniuk, owner of “Natural Products”, decided to start the Bitcoin Bonus Program in his shop as a way to spread Bitcoin awareness alongside the growing health-food trend in Ukraine. Slobodeniuk is known among Ukrainian Bitcoiners for several cryptocurrency-related projects. Due to the project’s success, some of the Kiev based restaurants have showed interest in accepting bitcoin payments.

• Bitcoin.com.au partnered with fintech startup Blueshyft, to bring bitcoin to consumers all over Australia. The two Australian startups expressed that roughly 1,200 newsstands in Australia will start selling bitcoin over-the-counter in the coming weeks. Payments can be made with cash starting at AUD50, however, it will be subject to 4% commission.

• Bitwala has launched an initiative to provide a different type of financial service to citizens in Turkey. The company offers free bank transfers and Bitcoin debit cards for a limited time. Bitwala’s initiative is a response to Paypal’s announcement, where the company made public it will no longer offer their services in Turkey.

• Bitcoin.com has announced the launch of BIRDS. The new service is a Bitcoin Twitter application. Tweets with the intention of having as many views as possible can rewards with some bitcoins, those who retweet the post. That way, people get paid to spread messages in exchange of some profits.

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Bitcoin:

• OKWave, a popular Japanese Q&A social site which has a bitcoin tipping feature integrated into its Arigato platform, announced an alliance with San Francisco-based Breadwallet LLC. The recent alliance is meant to boost bitcoin usage on the OKWave website, bringing safety and reassurance to all of their three and a half billion monthly users.

• Hardware wallet firm KeepKey announced last week that it has acquired MultiBit, a desktop-based bitcoin wallet program. According to KeepKey’s CEO, the purchase was aimed at positioning the firm for the launch of SegWit, as well as for other improvements to the bitcoin network.

• Purse.io revealed Purse Pre, allowing customers to pre-order, track its status and to cancel orders before they are shipped. Aiming to decrease the possibility of scams, .Bitcoin payment for orders will be locked to the merchant until the customer has received or cancelled his/her order.

• According to the Bitcoin Market Potential Index, Argentina tops the list of ten countries with the highest potential for Bitcoin adoption followed by Venezuela, Zimbabwe, Malawi and the United States.

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Huobi!(www.huobi.com) Welcome to check our weekly summary of the latest virtual currency related events to provide you the comprehensive perspective to know the industry. Now let’s review what important news happened last week!


Bitcoin:

• Bitcoin.com has launched a global store for cryptocurrency enthusiasts. The store provides cryptocurrency-themed apparel, art, hardware, and merchandise. By this, Bitcoin.com is establishing itself as the go to source for everything bitcoin related.

• Over the counter bitcoins: People can now buy bitcoin at convenience stores all around Mexico, thanks to a partnership between Mexican cryptocurrency exchange Bitso and payment services provider Zmart Group.

Blockchain application:

• Russia’s largest bank Sberbank has developed “Sberbank Messenger” which represents a multifunctional platform for communications and financial transactions. The platform allows interaction between several categories of users, including personal communication and business - all under one roof and available as an app for mobile devices. The bank adopted blockchain technology to secure the platform from any risks of scamming or fraud.

• The DAO is one of the first decentralized organizations which implements the opportunities offered by Ethereum smart contracts to create a completely new, transparent and more accountable business model. The company raised $130 million in just two weeks, making Dao the most well-crowdfunded project in history, and the best well-funded blockchain company.

International:

• Visa, the world’s largest payment network, plans blockchain push from India: a Top Visa executive has revealed that the company plans to use blockchain technology to improve its payments processes.

• Dubai is set to play host to a conference on digital currencies later this month, an event that comes several months after a government-backed blockchain effort was first unveiled.

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Sources: Coindesk, NewsBitcoin & Cointelegraph

By Huobi!(www.huobi.com).

BItcoin acceptance and the implementation of blockchain are expanding over a large quantity of fields around the worlds and the videogame industry is not the exception. During the last weeks a bunch of related news were released, from bitcoin payment acceptance to a universal videogame cryptocurrency exchange.


Kinguin:

• The platform, whose mission is to provide sellers and buyers from all around the world the possibility to trade video games at a fair price, has quickly become the largest alternative marketplace to Steam. Kinguin has been accepting bitcoin payment since last year, however recently, they announced that merchants can now withdraw earnings in BTC as well, something no other platform has implemented yet. This conversion process is done by BitPay.

Gamecredits :

• Last month the company released GameCredits (GM), a universal cryptocurrency that can be used across a variety of different games and platforms. The company also offers the first exchange that allows customers to transfer fiat currencies, such as the USD, into GameCredits (GM) or vice versa along with exchanging them with other digital currencies like BitCoin.

Steam :

• Steam, developed by Valve Corporation, is the largest videogame marketplace in the world, receiving millions of users on a daily basis. In the last week of April, Valve announced that Steam is now accepting bitcoin payments through the processing service BitPay. With this policy the company seeks to offer payment options in less accessible areas of the world.

Which other industries are taking advantage of bitcoin and the blockchain technology? Let us know your opinion about the bitcoin implementation in the gaming industry, how else could it improve

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Hi everybody, we are from Huobi!(www.huobi.com) Welcome to check our weekly summary of the latest virtual currency related events to provide you the comprehensive perspective to know the industry. Now let’s review what important news happened last week!

Overstock, Openbazaar, Kinguin... Which other companies do you know are taking bitcoin into their business? :


Bitcoin:

• The video game marketplace Kinguin announced their new merchant payment solution. While the platform has been accepting Bitcoin payments since 2015, merchants now can opt to be paid and withdraw their earnings in BTC as well, rather than having funds immediately converted to their local fiat currency.

• The name Bitcoin has been finally registered as a trademark in Russia. The new rights holder, Alex Fork, told the media that he does not plan to use the trademark for commercial purposes, in fact, the trademark registration was done to prevent possible monopolization of the Bitcoin brand by a single entity who could then use it to profit at the expense of Russian cryptoccurency users.

Blockchain application:

• Intel, the largest chip-maker in the world, is looking to trusted execution environments on its hardware chips to enhance security and privacy for blockchain users. The director of the distributed ledger technology group at Intel said that the main goal is to bring privacy to the blockchain without centralization.

• Russian payments provider Qiwi has revealed it wants to launch a domestic blockchain consortium, it compared to the 44-member banking consortium R3CEV. Qiwi is looking to create a consortium of regional banks, financial institutions and enterprise businesses that could band together to further explore the emerging technology.

• Blockchain tech specialist Gem, officially launched Gem-Health today, an initiative aimed at promoting collaboration in the healthcare space centered on the emerging technology. The company as well announced their partnership with Philips which will assist them building out a private blockchain for use in the development of enterprise healthcare applications.

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Hi everybody, we are from Huobi!(www.huobi.com) Welcome to check our weekly summary of the latest virtual currency related events to provide you the comprehensive perspective to know the industry. Now let’s review what important news happened last week!

Bitcoin:

• Bitwage, a bitcoin payroll and international wage payment service provider, recently announced the release of Bitwage Payroll service for Individuals (BPI) in Europe. The company offers a system that allows people to use the cryptonetwork to get paid but receive money in local currencies or keep money stored in a mix of different currencies.

• A major Korean securities broker and dealer has begun working with a local bitcoin exchange, moving closer to allowing access to the digital currency for its customer base. Beyond the integration between the two firms, the memorandum reportedly outlines plans to develop blockchain applications for stock services.

Blockchain application:

• Blockonomics, a multi-service bitcoin blockchain data aggregator and the first to implement several useful applications such as the wallet watcher which let estimate the confirmation time for bitcoin transactions and also allows to track transactions and balances. The majority of services on the website are completely free to use, but members have access to the single paid upgrade.

• GameCredits develops an in-game payment API for cryptocurrency. GameCredits has been working towards a universal cryptocurrency that can be used across a variety of different games and platforms. The GameCredits team are already working on implementing their API with two game development companies, Peaksel and Webelinx.

Funding:

• A new investment fund is seeking to raise as much as $100m over the next two years to fuel investments in the blockchain space. The fund is aiming to raise capital from mid-size banks, a process for which, according to one of the founders, would include providing consulting services and research aid to participating banks.

• Waves, raised 2M USD during the first day of crowdfunding campaign. The platform will go after the integration of existing national currencies which transaction would take place on the company's blockchain. With fiat integration, Waves wallet will have the ability to hold fiat currencies such as USD, Euro and Yuan in the form of tokens along with other WAVES-based tokens without the need to download the blockchain.

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Which do you think has been the most important news of the last days? How does it contribute with the further implementation of bitcoin and the blockchain technology?

Hi everybody, we are from Huobi.com! Welcome to check our weekly summary of the latest virtual currency related events to provide you the comprehensive perspective to know the industry. Now let’s review what important news happened last week!

Bitcoin:

• Spendabit, the new spend bitcoin section of Bitcoin.com, has been launched. Promising it will work as the bridge between bitcoin users and more 2.5 million products across the globe. This new platform will let bitcoin holders to acquire products from different reputable merchants as Rakuten and Overstock.

Blockchain application:

• Storj was launched two days after Microsoft announced its inclusion in the Azure BaaS download manager. The project aims to offer a decentralized alternative to cloud file storage services like Dropbox. Storj has created a system where other users can host sliced-up and encrypted chunks of data, in exchange for the native cryptocurrency, StorjcoinX.
  
  
• Retail Giant, Overstock.com, Inc., plans to publicly offer digital securities to be recorded to a distributed blockchain ledger. Overstock’s CEO announced that the securities offered will trade on T0's platform (Overstock fintech subsidiary). In December 2015 the SEC gave the firm the ability to issue digital shares in a public offering on a distributed ledger.
  

Other:

• Interest groups focused on bitcoin, blockchain and digital assets gathered to create the Global Blockchain Forum, which aims to promote communication between its stakeholders; consistency of the public policies; and conduction of research to support the development of such policies. The group’s supporters include Digital Currency Associations from US, UK, Australia and Singapore.

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