Blockchain-Based Remittance Companies Win at RemTECH Awards Ceremony

The global remittance industry’s blockchain-based startups got a boost recently at the Remittance Technology (RemTECH) awards held at the United Nations in New York, from June 16 to 18 as part of the UN Global Forum on Remittances, Investment and Development. Of the 11 award-winning remittance companies, five startups built on the blockchain were winners. ...

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U.S. Bill Requiring Travelers to Declare Digital Currencies Resurfaces

The United States Senate has introduced a bill that would require all travelers entering the U.S. to declare digital currency holdings in excess of $10,000. Despite concerns raised by the invasive nature of the bill, the likelihood of it being passed is extremely low simply due to the incredibly challenging infrastructure that would be required. In fact, the new bill ...

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Cambodian Central Bank Is Trialing Blockchain Technology

The National Bank of Cambodia (NBC) announced that it plans to launch a blockchain trial at the end of 2017 that aims to improve the central bank’s ability to monitor and facilitate interbank lending. In April, the Cambodian central bank entered into a partnership with Japanese blockchain startup Soramitsu to co-develop the Hyperledger Iroha ledger to build a new payment ...

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Ether Price Analysis: Here’s What Just Went Down

A few days ago, just before a 25% market pullback, ETH-USD reached all-time high values upward of $420 as ICO investors desperately tried to accumulate ether to purchase Bancor tokens. The Bancor ICO was single-handedly responsible for congesting the Ethereum networks as users scrambled to get their ICO orders in time. This created a scenario where individuals were spending large ...

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More Universities Add Blockchain Courses to Meet Market Demand

In recent months, there has been a surge in the demand for blockchain professionals. Data from the professional networking site LinkedIn has shown that blockchain related job postings have tripled in the last 12 months. This shows that there is a high demand for blockchain experts as the potential and applicability of blockchain technology becomes more apparent to corporations. Recognizing ...

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Dogecoin Creator Jackson Palmer Is Concerned About Ethereum’s ICO Bubble

The one of biggest stories in cryptocurrency over the past couple of months has been the meteoric rise of the ether price and the speculative frenzy around the Initial Coin Offerings (ICOs) launching on top of the Ethereum platform. In a recent video uploaded to his personal YouTube channel, Dogecoin creator Jackson Palmer shared some of his thoughts on ICOs ...

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Op Ed: How Cryptocurrency Holders Can Diversify While Deferring Taxes

With the historic rally in Bitcoin and Ethereum, there are more investors than ever seeking to diversify their newly expanded cryptocurrency holdings. Whether this diversification involves exchanging cryptocurrency for fiat, other cryptocurrencies or a mix of both, the downside can be capital gains tax exposure. Capital gains (if the underlying property has been held for over a year) are taxed ...

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“Free Ross” Account Glitch Latest Symptom of Coinbase Woes

The “Free Ross” campaign which raises funds for jailed Silk Road founder Ross Ulbricht experienced a glitch last week, renewing concerns about the stability of the digital currency exchange Coinbase. This occurrence comes on the heels of Ulbricht’s latest appeal for release which was just denied in May. A Twitter message from @free_ross dated June 15, 2017, created a bit ...

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Miners Are Signaling Support for the New York Agreement: Here’s What that Means

As of today, over 80 percent of miners (by hash power) are including the letters “NYA” in the blocks they mine. This follows the publication of letters (translation) in which a group of Chinese Bitcoin companies — notably including most mining pool operators — announced that they would signal support for “the New York Agreement.” Here’s what this means in ...

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Bitcoin Price Analysis: Understanding the BTC-USD Price Correction

Note: This analysis does not attempt to speculate on the market implications of news events. This is a pure analysis of the market data. The unprecedented rise in the BTC-USD market to near $3,000 even caught many of the more bullish traders by surprise. However, this quick rise in value did not come cheaply: once BTC finally ran out of ...

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