No Cash For Sale: In World First ‘Bitcoin’ City

[ad_1] The UK’s Sun newspaper is touting the ‘World’s first Bitcoin city’ today, where all cash is banned. Backers of the venture hope that Melaka Straits City in Malaysia will attract 3 million crypto-tourists per year. Take Me Down To The Bitcoin City… Visitors will be able to exchange their normal money for digital currency when they arrive. proclaims The Sun. Or “just use the digital currency they already own,” you might suggest

ITIF Releases Guide to Regulating Blockchain for Policymakers

[ad_1] The Information Technology & Innovation Foundation (ITIF) released recommendations for policymakers on how to regulate blockchain technology on April 30.Founded in 2006, ITIF is an independent nonprofit institute that provides policymakers with information, analysis and recommendations for handling new technology. In its new guide, ITIF included an array of proposals for policymakers to better regulate blockchain based on principles like technology neutrality and public-sector adoption.The guide predicts that blockchain

Coinbase Custody Now Supports Mainnet KIN Tokens

[ad_1] Coinbase Custody announced immediate support for the mainnet iteration of the KIN token today, April 30, 2019.  As Cointelegraph previously reported, KIN is a cryptocurrency created by Canadian organization Kik Interactive of Kik Messenger fame. The token was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain (a fork of Stellar).“KIN holders can now benefit from Coinbase Custody’s industry-leading offline storage platform and

ConsenSys Spinoff Truffle Integrates With Goldmans Sachs-Supported Blockchain: Report

[ad_1] Truffle is integrating with AxCore, a proprietary blockchain jointly created by Goldman Sachs and JPMorgan-supported Axoni, Forbes reported on April 29.The ConsenSys spinoff, which makes tools that are widely used by Ethereum developers, has reportedly raised $3 million as it aims to expand into enterprise-grade solutions.According to the Forbes report, Truffle plans to use the investment to complete a suite of blockchain development tools designed to appeal to enterprise

Is Binance’s Changpeng Zhao the ‘Zuckerberg’ of Crypto?

[ad_1] Believable parallels have been drawn between Binance CEO Changpeng Zhao and Mark Zuckerberg of Facebook on podcast #74 of Coin Talk hosted by Aaron Lammer & Jay Caspian Kang, titled “When Trolls Get Rekt.” The podcast was later covered by Forbes contributor Billy Bamrough who covers cryptocurrency-related content for the publication. In his article, Bamrough shared several parallels between blockchain and social media companies and their leadership. For instance, before Facebook,

Amazon Web Services Launches Managed Blockchain Service

[ad_1] Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30.The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states that AMB can scale to support thousands to millions of transactions.Amazon states that the blockchain-as-a-service

Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

[ad_1] Summary: Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows. The move was swift, but after a few days of sideways consolidation, the market is now seeing a

“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

[ad_1] Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. In short, the affidavit writes off the NYAG’s concerns, calling them baseless and requesting an Order to Show Cause that would require the NYAG to prove its case in court unless it vacates or modifies the

20 Percent of Leading Global Grocers to Use Blockchain by 2025

[ad_1] 20 percent of the top 10 global grocers will use blockchain by 2025, according to information released by research firm Gartner Inc on April 30.Per Gartner, the main advantage of blockchain for grocers is that it provides a high degree of transparency.For grocers, this means they can use blockchain as a way to convey reliable information to their customers and retailers. Gartner even claims that blockchain “appears as an

New York District Attorney Charges Two for Shadow Banking Crypto Companies

[ad_1] The Southern District of New York Attorney has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies, according to an official announcement published on April 30.Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced the arrest of Reginald Fowler for allegedly operating an unlicensed money transferring business and bank fraud. His purported co-conspirator Ravid Yosef has also been charged