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Mayor of Naples Plans for Autonomous Government, Native Crypto

The Mayor of Naples, Italy, Luigi de Magistris, has announced a three-pronged plan that would make the City of Naples more independent. The first part of the plan is to announce a concrete manifesto via the legislature that would make the city autonomous. The second part of the plan is to cancel unfair debts, particularly from earthquake recovery and waste management. The third part of the plan is to launch an independent currency, likely a cryptocurrency.

Read the full article at https://bitcoinnews.com/mayor-of-naples-plans-for-autonomous-government-native-crypto/

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Binance to Focus on Africa Amid Inflation Crisis

Binance, often the top crypto exchange in the world with daily trading volume regularly exceeding USD 1 billion per day, says it is fully committed to Africa and will be investing heavily in crypto infrastructure across a continent struggling with an inflation crisis.

Read the full article at https://bitcoinnews.com/binance-to-focus-on-africa-amid-inflation-crisis/

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Prominent CEOs Upbeat on Bitcoin with 10K November Prediction

Some prominent CEOs have been speaking out on where they see the cryptocurrency market heading as it moves beyond 2018 into the future and the synopsis is upbeat.
With co-founder of BTCC Bobby Lee predicting that when Bitcoin passes the USD 60,000 price level in the coming years, it’ll reach a total circulation value of USD 1 trillion, what then is the short-term synopsis for the digital currency?

Read the full article at https://bitcoinnews.com/prominent-ceos-upbeat-on-bitcoin-with-10k-november-prediction/

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It’s No Joke! Walmart Entices Customers with $1 Bitcoins

One-dollar Bitcoins at Walmart are on sale, but it’s of the chocolate variety, perhaps showing the US retailing giant’s faith in blockchain technology to boost candy sales.
It is unclear exactly why Walmart is selling the gold-wrapped Bitcoin chocolates, somewhat ironically advertising them at an “everyday low price”, possibly in reference to the flagship cryptocurrency’s drop from the dizzying heights of USD 20,000 at the end of last year, now trading at USD 7,290.95 (at time of writing).

Read the full article at https://bitcoinnews.com/its-no-joke-walmart-entices-customers-with-1-bitcoins/

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South Korea to Double Blockchain Pilots for Public Sector in 2019

Public sector blockchain trials are to be doubled in 2019 by the Korea Internet and Security Agency (KISA), moving the number from 6 to 12.

Read the full article at https://bitcoinnews.com/south-korea-to-double-blockchain-pilots-for-public-sector-in-2019/

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42 Blockchain Experts Being Trained in South Korea

The next generation of blockchain experts are soon to be trained in South Korea through a new three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and a Hong-Kong based blockchain and Internet of Things (IoT) startup called Waltonchain.

Read the full article at https://bitcoinnews.com/42-blockchain-experts-being-trained-in-south-korea/

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Bitcoin MACD Positive First Time Since January 2018

Moving Average Convergence/Divergence (MACD) has gone into positive territory for Bitcoin for the first time since January 2018. This can be seen on Bitcoinwisdsom when viewing Bitfinex data with a 1-week interval, in the settings menu. MACD first turned positive on 26 August 2018, generally taken to mean a rally may be imminent.

Read the full article at https://bitcoinnews.com/bitcoin-macd-positive-first-time-since-january-2018/

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No Rest for China As Country’s Largest Bank Adopts Blockchain

The Industrial and Commercial Bank of China (ICBC) has revealed that it intends to focus on developing blockchain technology.
This is a major development in terms of China’s push to integrate blockchain technology into financial systems as the ICBC is the country’s largest banking institution with over 5,000 corporate and 530 million personal customers.

Read the full article at https://bitcoinnews.com/no-rest-for-china-as-countrys-largest-bank-adopts-blockchain/

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Can Bitcoin Save a Canadian Ghost Town?

The Canadian mill town of Ocean Falls on British Columbia’s central coast has seen its population shrink from 5,000 to just a handful of residents, becoming a ghost town, but Bitcoin mining might be bringing back the good old days.

Read the full article at https://bitcoinnews.com/can-bitcoin-save-a-canadian-ghost-town/

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Iran Validates Bitcoin Mining; Legislation and CBDC to Follow

The Iranian Cyberspace Council Secretary has declared that cryptocurrency mining has been accepted by the country’s major authorities.
Secretary Abolhassan Firoozabadi has said that mining now needs the backing of legislation which allows for the activity to become legalized. The Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance have all given the go-ahead after consultation with the Iranian government.

Read the full article at https://bitcoinnews.com/iran-validates-bitcoin-mining-legislation-and-cbdc-to-follow/

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Philippines Finalizing Crypto Exchange and ICO Regulations

New trading rules and regulations for cryptocurrency exchanges in the Philippines will soon be released by the nation’s Security and Exchange Commission (SEC).

Read the full article at https://bitcoinnews.com/philippines-finalizing-crypto-exchange-and-ico-regulations/

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New EU ICO Rules May Fall Under Crowdfunding Umbrella

The European Parliament in Brussels has taken a further step towards clarifying rules for ICOs within the nations of the European Community.
The all-party group met yesterday to examine proposals for the launching of ICOs although as yet no formal statements of intent have been made regarding the outcome of the meeting. Nicolas Brien of France Digitale did urge for haste, however, arguing that “the market wants legitimization… from every jurisdiction. In the UK it’s particularly bad, none of the banks will bank you if you have crypto”.

Read the full article at https://bitcoinnews.com/new-eu-ico-rules-may-fall-under-crowdfunding-umbrella/

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First Sharia-Compliant Islamic Crypto Exchange Launches in UAE

UAE-based startup Adab Solutions has launched the world’s first cryptocurrency exchange that operates with full Sharia law compliance.
The exchange will be overseen by an in-house Sharia Advisory Board (SAB) comprised of independent experts that will ensure the operations unfailingly remain within the jurisdiction of Islamic law. The project cites its purpose as bringing a quality assets exchange to the Islamic community for the first time.

Read the full article at https://bitcoinnews.com/first-sharia-compliant-islamic-crypto-exchange-launches-in-uae/

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Alibaba Responsible for 10% of World’s Blockchain Patent Applications

Research published by Thomas Reuters shows that Chinese multinational holding conglomerate Alibaba has filed over 10% of the total number of blockchain patent applications last year.
Of the 406 total applications in 2017, Alibaba claims 43 of them, leading China’s growing blockchain intellectual property claims. The data collected also indicates that China is responsible for 56% of applications in 2017, followed by the US with 22%, and shows that the number of blockchain patent filings has increased from just 134 in 2016, to 406 in 2017.

Read the full article at https://bitcoinnews.com/alibaba-responsible-for-10-of-worlds-blockchain-patent-applications/

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Lightning Network Capacity Exceeds 100 Bitcoins

The capacity of the Bitcoin Lightning Network has grown to more than BTC 100 for the first time, with more than 12,000 active channels and 3,300 nodes.
To put this in perspective, in January 2018, there were fewer than 100 Lightning Network channels, and in May there were over 6,600. Clearly, the network is rapidly growing, a positive sign that it will eventually fulfill its goal of being a scalability solution for Bitcoin.

Read the full article at https://bitcoinnews.com/lightning-network-capacity-exceeds-100-bitcoins/

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ShapeShift Will No Longer Be Anonymous

The Founder and CEO of ShapeShift, Erik Voorhees, has announced that the exchange is launching a membership program and soon, anonymous trading will not be available.

Read the full article at https://bitcoinnews.com/shapeshift-will-no-longer-be-anonymous/

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Report: Crypto ATM Market to Hit $144.5 Million by 2023

Research And Markets has published a report on the Bitcoin ATM industry, and projects that it will grow from USD 16.3 million in 2018 to USD 144.5 million by 2023, with an average yearly growth rate of 54.7%.

Read the full article at https://bitcoinnews.com/report-crypto-atm-market-to-hit-144-5-million-by-2023/

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High Times IPO Will Accept Bitcoin, Ether

Popular marijuana-themed publication High Times is accepting Bitcoin and Ethereum for shares of its stock, which are now being offered in an initial public offering (IPO) at USD 11 per share. In August 2018, it initially announced that it would be accepting crypto during the IPO. But on 13 August, it sent a statement to the Securities and Exchange Commission (SEC) of the United States clarifying that it would not actually be accepting Bitcoin.

Read the full article at https://bitcoinnews.com/high-times-ipo-will-accept-bitcoin-ether/

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Great Barrier Reef Resort Looks to Crypto for Funding $216 Million Rebuild

Great Keppel Island on the Great Barrier Reef may once again begin to attract Australian tourists and others from all over the world, through cryptocurrency.

Read the full article at https://bitcoinnews.com/great-barrier-reef-resort-looks-to-crypto-for-funding-216-million-rebuild/

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Tech Giants Take on Opioid Addiction with DLT

IBM has announced that it is now planning to use a blockchain-enabled health surveillance system in order to collect data on antibiotics and opioids prescriptions by doctors.

Read the full article at https://bitcoinnews.com/tech-giants-take-on-opioid-addiction-with-dlt/