CryptocrackdownOnce a leader in virtual currencies, China turns against them

  • The government has, after all, declared an ambition to make China a leader in the blockchain technology that is integral to bitcoin.
  • Bitcoin had been in trouble in China since February, when the central bank, aiming to stem illicit capital flows, ordered exchanges to halt virtual-currency withdrawals until they could identify their customers.
  • The bitcoin price tumbled by 35% from its highs before the ICO ban to its low point, on news of the exchange closures.
  • For now, China’s bitcoin miners can continue excavating their digital ore.
  • China, in other words, might still be at the vanguard of the cryptocurrency world, but exercising the kind of leadership that bitcoin boosters least want to see.

BITCOIN and China always made odd bedfellows. Devotees of bitcoin love its independence from central authorities; in China the central authorities love their power. That they would accept a cryptocurrency that weakened their control over something as fundamental as the management of money seemed unlikely.
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Stocks mixed as GOP defends tax proposal [Video]

LIVE: #Bitcoin at the closing bell

  • Stocks mixed, trying to hold gains as the GOP and White House make the case for their tax reform plan.
  • Stocks in the red today include Pier 1 Imports as the retailer’s current quarter guidance missed the mark; Endo Pharmaceuticals as Goldman initiated coverage with a ‘sell’ rating and $7 price target; and Rite Aid, with shares of the drug-store chain sliding after it said same-store sales fell 3.4% and…
  • Stocks in the green today include Abbott Labs as the FDA approved its glucose monitoring system that does not require a fingertip blood sample; Blackberry on a surprise earnings profit and upbeat forecast; and Roku, with shares on the rise following its public debut for the maker of streaming devices….
  • Roku raised around $252 million in its IPO, valuing the company at nearly $2 billion.
  • Mike Conrad is the CEO of Zaycon—a company that brings fresh farm meat directly to consumers in parking lots across the US.

Stocks mixed, trying to hold gains as the GOP and White House make the case for their tax reform plan. Plus – the Russell 2000 hitting another all-time high, but here’s another big index that’s revving higher too – we have it.
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Is Blockchain Technology Really the Answer to Decentralized Storage?

Is #Blockchain Technology Really the Answer to Decentralized Storage?  (Coin Telegraph)

  • Nevertheless, several projects and companies insist on looking at Blockchain-based solutions for storage and, while there are clear cases of misguided enthusiasm when it comes to the use of Blockchain technology, there are some projects out there that are worth taking a look at.
  • When it comes to a mutualistic relation between Decentralized Ledger Technology (DLT) and data storage, the most common use case for the Blockchain is as an incentive layer.
  • This means that data isn’t stored on the Blockchain itself, but the network at hand is able to leverage the Blockchain as a ledger for automatic payments and/or for value exchange, enabling users to pay for storage or access to files.
  • While Filecoin and Storj focus on providing affordable cloud storage services, a project named Decent is currently working on a decentralized content sharing platform which allows users to upload and monetize/share their work (videos, music, ebooks, etc) without the need to rely on a centralized third party.
  • We are talking about Sigwo Technologies LLC, a company that focuses on providing dApps and consulting services for legacy businesses that want to integrate Blockchain technology for data storage and disaster recovery.

Blockchain is extraordinary technology, but may not be appropriate for storing large files, other data.
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Exclusive: Royal Bank of Canada Using Blockchain for U.S./Canada Payments-Executive

  • TORONTO — Royal Bank of Canada is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday.
  • Martin Wildberger, RBC’s executive vice president for innovation and technology, said use of distributed ledger technology, or DLT, would improve the speed of payments, reduce complexity and lower costs.
  • The bank developed the system over the past six months at an RBC blockchain technology center in Toronto, deploying software developed by a cross-industry open-source blockchain consortium known as Hyperledger.
  • The technology was integrated into RBC’s existing systems several weeks ago as a “shadow” to RBC’s primary ledger, letting the bank monitor payments in real-time as they travel between the United States and Canada, he said.
  • “We wanted to set it up as a shadow ledger so that we can demonstrate our leadership in exploiting that technology while at the same time recognizing that the technology is still early in its adoption phase,” Wildberger said.

Royal Bank of Canada is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday.
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IBM far outranks Microsoft as blockchain industry leader, research says

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to research.
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Hanson Robotics, SingularityNET integrate blockchain and artificial intelligence

This company wants to grow AI by using blockchain - CNBC   ArtificialIntelligence AI

  • In the next phase of artificial intelligence development, the firm behind Sophia the robot — who once said she wanted to destroy humans — is integrating blockchain into its work.
  • Hanson Robotics’ new project is a marketplace in the cloud where AI developers can put up their work, which can be tapped by others to enhance existing robots or build new ones, the company’s chief scientist, Ben Goertzel, told CNBC on Monday.
  • “At Hanson Robotics, we’ve made a cloud-based infrastructure for robot intelligence, but now we’re looking to take that to the next level and we’ve launched a new project called SingularityNET, which is AI and blockchain together,” Goertzel said at the sidelines of Switch Singapore.
  • “It’s a decentralized, open market for AIs in the cloud so anyone who develops an AI can put it into the SingularityNET, wrap it in our cryptocurrency-based smart contract and then the AI they put there can help to serve the intelligence of robots like Sophia or any other robots…
  • Many proposed applications on blockchain technology — the same tech that underpins bitcoin — use cryptocurrencies or other digitized tokens for users to pay for functions.

Hanson Robotics’ new project is SingularityNET, an open market in the cloud for artificial intelligence, the company’s chief scientist, Ben Goertzel, said.
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Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution

  • XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon (XNN) ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October.
  • The organization proposes to distribute the Xenon tokens as follows: – – — 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.
  • — 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.
  • In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.
  • “We believe that distribution and adoption are the most important factors determining the success of a blockchain project.

XenonNetwork , an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October.
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The Cryptocurrency Story (Bitcoin Is One)

The Cryptocurrency Story (Bitcoin Is One) - HuffPost

  • Using the social network, and there is a special channel for cryptocurrencies buyers and sellers, see https://cointelegraph.com and https://www.coindesk.com they started feeding the market with damaging real and fake news that impacted the price of the currencies.
  • Until he finds the right exchange, the price at which he got the cc might be higher or lower than the price he was willing to sell the goods in dollars for.
  • The CopPay terminal seeks a CC exchange that is willing to buy the offered CC for cash, at the highest exchange rate.
  • CopPay executes the transaction: the buyer paid in bitcoin from his electronic wallet, the store got the payment in cash and it is recorded in its bank account.
  • If there is no exchange that is willing to buy the CC for cash, the CopPay terminal rejects the deal.

For me it all started with my contractor. He told me that every dollar he saves he buys bitcoins. He strongly suggested I do the same. He told me he boug…
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Could a blockchain-based electricity network change the energy market?

  • The intense data processing required by blockchain pulls in an extraordinary amount of electricity, and widespread use of it would drag global energy markets into the abyss – and bring the world’s carbon emissions budget down with it.
  • They range from the big, such as the 10 major utility companies joining the Energy Web Foundation’s efforts to identify and roll out blockchain energy solutions, to the small, such as US startup LO3 Energy’s launch of a blockchain-enabled green energy microgrid in Brooklyn later this year.
  • Similar to LO3 Energy’s offering is that of Australian company Power Ledger, which has developed a peer-to-peer energy trading model that works around utilities companies using blockchain in much the same way that bitcoin traders dance past the banks.
  • By making rooftop solar even more economical and maximising use of the power it generates, Martin hopes blockchain-enabled peer-to-peer energy trading will help lower carbon emissions while raising energy capacity.
  • In Australia, Power Ledger also predicts legislative changes will be needed to pave the way for blockchain, or any kind of peer-to-peer energy trading for that matter.

Blockchain-enabled energy trading could help lower carbon emissions but efficiency and privacy issues must first be overcome
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130 banks to apply for UK licence ahead of Brexit, says Bank of England

  • At least 130 financial firms are expected to apply for a UK licence ahead of Brexit, a top Bank of England official has said.
  • Britain’s central bank has been digesting more than 400 responses to its call for financial institutions’ plans for the UK’s withdrawal, including the possibility of a ‘no deal’ scenario with the EU.
  • Mr Woods told Reuters’ Financial Regulation Summit he would have to decide by Christmas whether to insist EU financial firms in London convert into subsidiaries and come under the jurisdiction of the Bank’s Prudential Regulation Authority (PRA), which he also heads.
  • He added that financial firms based in the UK looking to maintain trade with the EU had made more progress than their counterparts on the Continent.
  • Converting operations into a UK subsidiary could prove expensive for EU banks as it requires building up capital and reserves locally, rather than relying on a parent company.

At least 130 financial firms are expected to apply for a UK licence ahead of Brexit, a top Bank of England official has said.
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