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[Hoofprint]

MIT Is Testing A Smart Contract-Powered Bitcoin Lightning Network

An MIT test is providing a rare glimpse of how bitcoin might truly work at scale.

Revealed to CoinDesk last week, the prestigious U.S. university has been quietly demoing an experimental use case for bitcoin's lightning network, one that showcases how it might be combined with smart contracts to not only handle millions of transactions, but do so with a greater degree of complexity.

Link: https://www.coindesk.com/mit-testing-smart-contract-powered-bitcoin-lightning-network/

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[1715151900]

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[Hoofprint]

India Considers New Tax on Cryptocurrency Trades



India is weighing up whether to impose goods and service tax (GST) on cryptocurrency trades, a report suggests.

According to Bloomberg, people close to the matter said that the government might levy GST of 18 percent on digital currency trades, despite the Reserve Bank of India's recent ban restricting banks from dealing with cryptocurrencies or trading platforms.



Link:  https://www.coindesk.com/india-considers-new-tax-on-cryptocurrency-trades/

[diegodos]

Steve Wozniak Compares Ethereum to Apple at Vienna Conference
https://cointelegraph.com/news/steve-wozniak-compares-ethereum-to-apple-at-vienna-conference

NavCoin Core 4.2.0 Release Candidate
https://medium.com/@NAVCoin/navcoin-core-4-2-0-release-candidate-e41c22e95ac

[JPSelzer]

Blockchain Skills? Hired! $120,000+ Plus Bonus!
https://news.bitcoin.com/blockchain-skills-hired-120000-plus-bonus/

Also read: CNBC Shows Bitcoin Cash (BCH) Love, Predicts Mooning
https://news.bitcoin.com/cnbc-shows-bitcoin-cash-bch-love-predicts-mooning/

[Hoofprint]

Rural Banks Tap Kaleido Blockchain for Faster Transactions in the Philippines

Rural banks in the Philippines are looking to adopt blockchain technology in bid to improve financial inclusion for local residents.
According to a report by the Philippine Information Agency on Wednesday, the initiative - dubbed Project i2i - is led by the Union Bank of the Philippines, one of the country's largest banking institutions, and will use the Kaleido blockchain platform developed by the ethereum startup ConsenSys.

Link: https://www.coindesk.com/rural-banks-tap-kaleido-blockchain-for-faster-transactions-in-the-philippines/

[Hoofprint]

Coinbase Is Rebranding Its Crypto Exchange Service

Coinbase announced Wednesday that it is launching a new version of its GDAX platform called Coinbase Pro and acquiring crypto trading relay platform Paradex.

The new platform seeks to "make the trading experience easier and more intuitive," according to the startup. Other features include a new chart system which provides streamlined access to historical data and a consolidated portfolio view.

Link: https://www.coindesk.com/coinbase-launches-new-gdax-acquires-paradex/

[Hoofprint]

Tech Giant GMO to Roll Out World's First 7nm Bitcoin Miner

Japanese IT giant GMO Internet is set to roll out the world's first bitcoin mining device based on 7nm chips within the year.

According to an announcement on Wednesday, the firm said it is launching the new B2 miner on June 6 with mass production to follow and shipment starting by the end of October.

Link: https://www.coindesk.com/tech-giant-gmo-to-roll-out-worlds-first-7nm-bitcoin-miner/

[Hoofprint]

Singapore Warns 8 Exchanges Over Unregistered Securities Trading

Singapore's de facto central bank, the Monetary Authority of Singapore or MAS, has warned eight digital token exchanges to stay away from trading in digital tokens that constitute securities or futures contracts.

In a release issued Thursday, MAS says it has cautioned the exchanges to seek authorization if trading digital tokens that are regulated under the Securities and Futures Act (SFA).

Link: https://www.coindesk.com/singapore-warns-8-exchanges-over-unregistered-securities-trading/

[jeungo]

A very interesting selection of news, but I note that the news about Singapore is much louder, and an unequal assessment of the actions of the authorities of the country to regulate the market. There is an opinion that this is an informational throw in order to strengthen the copper trend, but there is no exact information yet.

[SuperBazooka]

Monero Lead Developer Unveils Second-Layer Protocol ‘Tari’
 The lead developer of Monero has unveiled a new second-layer protocol that will allow users to create and trade digital assets on top of the privacy-centric cryptocurrency’s network.

The open-source project, called Tari, will make it possible to program and issue non-fungible assets like loyalty points, in-game items, and concert tickets over the blockchain. The tokens will function similarly to ERC-721 tokens in the ethereum network (e.g. CryptoKitties), enabling users to take ownership of unique digital assets.

“Tari will fundamentally change the way we interact with digital assets,” said co-founder Naveen Jain. “We are building an amazing team to steward the most useful decentralized platform in existence, empowering anyone to issue, manage, use and transfer their digital assets.”
https://www.ccn.com/monero-lead-developer-unveils-second-layer-protocol-tari/

[cxboyminer]

Removal of FluzCoins

We have introduced above the two Fluzcoin issuing mechanisms by which the Fluzcoin monetary system can exert inflationary pressure on prices and downward pressure on the exchange rate. Deflationary pressure on prices and upward pressure on exchange rates is created through reducing the number of Fluzcoin in circulation. This is done by EUNOMIA Foundation which acts as a central bank for the Fluzcoin system.

Read more: https://medium.com/@fluzcoin/removal-of-fluzcoins-739697b34289

[Hoofprint]

IBM to Hire Blockchain Researchers for French Expansion

Technology giant IBM is hiring nearly 2,000 people in France - and many of them will be focusing on blockchain technology, chief executive Virginia Rometty said Wednesday.

In an interview with French news organization Le Monde, Rometty said IBM was hiring researchers for blockchain projects, among other focuses. While she did not elaborate on what projects the researchers may be working on, she did note that the company currently works with Crédit Mutuel, Orange Bank, Generali, France's national railway system and Moët Hennessy Louis Vuitton SE (LVMH).

Link: https://www.coindesk.com/ibm-announces-blockchain-research-as-a-focus-for-french-expansion/

[cxboyminer]

CoinMetro Acquires Trading License From Estonia

CoinMetro has recently acquired a trading license from the nation of Estonia. CoinMetro believes that complying with regulations is the best way of bringing cryptocurrency to the masses.

Read more: https://medium.com/@w12_io/coinmetro-acquires-trading-license-from-estonia-5270358382a4

[Hoofprint]

The Record-Breaking $152 Million Battle Over Blockchain Betting Tool Augur

Three years ago, Augur, a prediction market system that runs on the ethereum blockchain, held one of the first initial coin offerings (ICOs), long before the funding mechanism gained mainstream momentum.

Between August 7 and September 5, 2015, the project issued 8.8 million reputation (REP) tokens from a maximum circulating supply of 11 million tokens, each priced below $0.60, to raise over $5 million for the project.

Link: https://www.coindesk.com/record-152-million-lawsuit-ensnares-blockchain-project-augur/

[cxboyminer]

UBCoin ICO — Ubank Application With 2.5M Users Adds Crypto

UBCoin is currently running an ICO to implement an existing product Ubank into a blockchain based product.

This will bring in a user base of 2.5M users into the crypto economy, which will be a massive boost of potential new crypto users.

Read more: https://medium.com/@newcryptocoins/ubcoin-ico-ubank-application-with-2-5m-users-adds-crypto-94a6145191a8

[SuperBazooka]

No Blockchain Network is Remotely Close to Ethereum, Says Golem CEO
 
Zulian Zawistowski, the CEO of Golem, a smart contracts-based decentralized supercomputer, stated that Ethereum is the most promising blockchain platform in the global cryptocurrency sector and no other blockchain protocol comes remotely close to Ethereum’s potential and applicability.

Ethereum’s Advanced and Sophisticated Platform
Golem, the 47th largest cryptocurrency with a $387 million market valuation, which recently was introduced to the South Korean market with the support of Bithumb, the country’s biggest cryptocurrency exchange, is an Ethereum-based blockchain network that is capable of solving difficult mathematical problems and processing complex computations by utilizing the computing power of its users’ computers, machines, and data centers.

On the Golem protocol, users are incentivized to lease their computing power to individuals and businesses that are in need of massive computing power to carry out intensive tasks such as CGI rendering. Essentially, Golem is a decentralized ecosystem that allows users to share and monetize their computing power.

Zawistowski, who leads the development and commercialization of Golem, stated that his development team has been building applications on top of the Ethereum blockchain network since its early days and by far, Ethereum is the most promising blockchain protocol in the global sector.
https://www.ccn.com/no-blockchain-network-is-remotely-close-to-ethereum-says-golem-ceo/

[yigitcoin]

News, Analytics, Analysis and Forecasts can directly influence the exchange of cryptographic currencies. the investor who is successful in them earns more money.

[Hoofprint]

The Record-Breaking $152 Million Battle Over Blockchain Betting Tool Augur

Three years ago, Augur, a prediction market system that runs on the ethereum blockchain, held one of the first initial coin offerings (ICOs), long before the funding mechanism gained mainstream momentum.

Between August 7 and September 5, 2015, the project issued 8.8 million reputation (REP) tokens from a maximum circulating supply of 11 million tokens, each priced below $0.60, to raise over $5 million for the project.

Link: https://www.coindesk.com/record-152-million-lawsuit-ensnares-blockchain-project-augur/

[cxboyminer]

Billionaire Mike Novogratz: DOJ Investigating Bitcoin Price Manipulation? THIS IN A GOOD THING!

According to Bloomberg News on May 24th, the United States Department of Justice (DOJ) has investigated whether Bitcoin has price manipulations. In response, Mike Novogratz, a billionaire investor and former hedge fund manager, said that this will help the long-term healthy development of the cryptocurrency market.

Read more: https://medium.com/@VidrihMarko/billionaire-mike-novogratz-doj-investigating-bitcoin-price-manipulation-this-in-a-good-thing-8c69bdd09872

[Hoofprint]

Bangkok Bank Joins R3's Trade Finance Blockchain Initiative

Bangkok Bank has joined the Marco Polo trade finance initiative developed by blockchain software startup R3 and trade finance technology firm TradeIX.

The Marco Polo platform is aimed to make trade finance simpler and more risk-free using blockchain technology instead of manual, paper-based processes, and already boasts major financial institutions including BNP, Commerzbank and ING as participants. The project was launched in September 2017 and moved to the pilot stage earlier this year.

Link: https://www.coindesk.com/bangkok-bank-joins-r3s-trade-finance-blockchain-initiative/