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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: commodities

UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

Category: Altcoins, ICO News, News, Regulation

UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

The United Arab Emirates (UAE) is joining the league of countries that have embraced Initial Coin Offerings (ICOs) as a way of raising capital according to a report by Reuters on October 8, 2018. The planned listing of ICOs in 2019 comes after the Emirates Securities & Commodities Authority categorized ICOs as securities. Strong Regulatory Framework Government-backed regulations will guide…

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U.S. Federal Court Defines Cryptocurrencies as Commodities

Category: News

U.S. Federal Court Defines Cryptocurrencies as Commodities

Although the U.S.’s cryptocurrency definitions regulations are entirely unclear, policymakers are gaining greater clarity as they continue to resolve more cryptocurrency-related cases. According to the CFTC’s Press release published on October 3, 2018, the US District Judge Rya W Zobel gave the CFTC authority to prosecute My Big Coin Pay, the parent company of MyBigCoin.com, a cryptocurrency payment platform, for…

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Cryptocurrencies to Trade Alongside Precious Metals in Future, Says Director of Arizona’s Blockchain Lab

Category: Altcoins, Bitcoin, Finance, News, Tech

Cryptocurrencies to Trade Alongside Precious Metals in Future, Says Director of Arizona’s Blockchain Lab

After Intercontinental Exchange (ICE) announced its intent to build a cryptocurrency trading platform, industry observers ascertained a shift from the financial industry’s mistrust of the volatile digital asset to widespread institutional adoption. Cryptocurrencies to Become “Alternative-Investments” In an interview with ASU Now, Dragan Boscovic, Director of Arizona State University’s Blockchain Research Lab, revealed the cryptocurrency industry’s steady foray into the…

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Argentinian Bitcoin Updates: Banking, Democracy, and a Wine-Backed Cryptocurrency

Category: Bitcoin, Blockchain, Commentary, Ethereum, News, Tech

Argentinian Bitcoin Updates: Banking, Democracy, and a Wine-Backed Cryptocurrency

In April 2018, the capital city of Argentina celebrated “Bitcoin Day,” an event comprised of around 500 attendees who were curious about the ever-increasing demand for information on bitcoin. Now, an Argentinian Bank is continuing the celebration after announcing on May 22, 2018, that its customers can use the pioneer cryptocurrency as a cross-border payment option. Partnership with Bitex Argentina’s…

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Oscar Mayer Launches Bacon Cryptocurrency, the Sizzling Bacoin

Category: Altcoins, Bitcoin, Business, News

Oscar Mayer Launches Bacon Cryptocurrency, the Sizzling Bacoin

Oscar Mayer, the hot dog company, is bringing home the bacon with the launch of its porcine cryptocurrency, the “Bacoin.” The Bacoin is “the first-ever cryptocurrency backed by the gold standard of Oscar Mayer Bacon,” the company boasted. Meet Bacoin’s Architect: Keith Sizzle “Similar to other cryptocurrencies, the value of Bacoin can be volatile,” Oscar Mayer cautioned in a press…

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Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

Category: Altcoins, Business, Commentary, News, Regulation, Tech

Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

NEM’s blockchain has a surprising new use case after Venezuela’s government announced it would be using it to build its very own oil-backed “petro” token. Promising Concept, Poor Execution Sitting on the most significant crude oil reserve in the world, Venezuela theoretically has ample supplies to back its 100 million PTR tokens with 100 million barrels of oil. The project…

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Bitcoin: The Savior During Global Trade Wars

Category: Altcoins, Bitcoin, Finance, News, Regulation

Bitcoin: The Savior During Global Trade Wars

Brian Kelly, founder, and CEO of BKCM LLC, a digital currency investment firm, counsels investors to safe bet their money on bitcoin in case of a trade war. There is a building fear of an impending trading clash after US President Donald Trump hinted that the US would impose 25 percent duty on steel and aluminum. Bitcoin is the New…

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$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

Category: Blockchain, Business, News, Tech

$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

In an industry notorious for its paperwork, the maritime transporters of half of the world’s crude oil supply are looking to the blockchain to revamp the shipping industry’s backend. Although utilizing a decentralized ledger would be a giant leap forward, it could result in significant job losses. Several dozen tankers set sail from global ports daily, generating transactions worth $2.7…

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Soybean Shipment to China the First Agricultural Commodity Blockchain Transaction

Category: Blockchain, Business, Finance, News

Soybean Shipment to China the First Agricultural Commodity Blockchain Transaction

A seemingly routine and insignificant soybean shipment from the USA to China has been made mildly famous as the first commodity deal facilitated by blockchain technology. Feted as “the first full agricultural commodity transaction using a blockchain platform” by the consortium of banks, brokers, and vendors involved, it affirms the original value of Bitcoin and cryptocurrency overall, before the market…

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Bext360 Unveils Blockchain Platform For The Coffee Supply Chain

Category: Blockchain, News, Tech

Bext360 Unveils Blockchain Platform For The Coffee Supply Chain

Colorado-based technology company Bext360 announced the creation of its first supply chain solution. The platform is called bextmachine and has been developed specifically for the global coffee supply chain. The announcement was made at the Massachusetts Institute of Technology (MIT) during a TechCrunch event focusing on robotics on July 17. The one-day event aimed to help innovators introduce their solutions…

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