Newly Elected Ukraine President Promises Blockchain Not Bribes

Cryptocurrency could be high on the policy list of the new president of Ukraine after a senior aide revealed extensive Blockchain plans this week. New Ukraine Gov’t Plans ‘Smartphone State’ As Ukrainians overwhelmingly elected comedian Vladimir Zelenskiy to lead their embattled country, Mikhail Fyodorov, who led his digital campaign, said the new government would seek to deploy blockchain throughout state structures…

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Bitcoin is Now Moving 11% Of Venmo’s Yearly Total in One Day

Bitcoin scaling solutions may be getting huge publicity in 2019, but the amount of money the network processes daily could already cause headaches for competitors. Bitcoin Usage Tramples Venmo As Morgan Creek Digital co-founder Anthony Pompliano noted on social media April 17, Bitcoin’s ‘on-chain’ transaction volumes grew to $7 billion per day earlier this week. Those figures came purely from standard…

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Nevada Lawmakers Scrap Flawed Cryptocurrency Bill

Lawmakers in Nevada have failed to move forward with a controversial bill for cryptocurrency regulations based on the flawed regulatory model proposed by the U.S. Uniform Law Commission (ULC). Nevada Congress Takes no Action on SB195 The deadline for further action on SB195 on the floor of the Nevada Senate passed on Friday (April 12, 2019). With no action taken, the…

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France Tells EU: Adopt Our Cryptocurrency Laws Across Europe

France wants the European Union (EU) to adopt its recently enacted cryptocurrency regulations for the entire region. French Finance Minister: Ours is the Right Way France’s Finance Minister Bruno Le Maire says the EU should consider adopting the country’s approach to regulating cryptocurrencies. Speaking at the ongoing Paris Blockchain Week Summit on Monday (April 15, 2019), Le Maire, opined: I will…

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Full Blocks ‘Only Way’ For Bitcoin to Stay Trustless, Say Seoul Meetup Founder

Bitcoin blocks will ultimately fill up and fees will increase accordingly, another community figure has warned as a spike in volume continues. Somsen: Make ‘Smarter Use’ Of Block Space In a series of tweets April 10, Ruben Somsen, podcast host and long-time convenor of the Seoul Bitcoin Meetup, argued that despite fees increasing, they are part of Bitcoin’s overall transformation into…

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More Than Half of All Companies Will Use Blockchain Tech in 3 Years, Says Oracle VP

The blockchain has become something of a buzzword over the past year or so, but that doesn’t mean it isn’t a viable solution for many businesses. In fact, one expert believes the made-famous-by-Bitcoin technology will be used by upwards of 60 percent of companies.  This projection comes from Oracle’s group vice president of blockchain product development, Frank Xiong, who told Forbes…

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Bitcoin Passes a Milestone 400 Million Transactions

Bitcoin price may have surged and held above $5000, but the Bitcoin network has passed milestones of its own this week – one involving a much higher number. 400 Million Quietly Ticks Over As Bitcoin price rose rapidly last week, so did network activity, with volume spiking as traders rushed to take advantage of the new volatility. Afterwards, with a bearish…

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New Data Shows Users ‘Overpay’ as Bitcoin Fees Lower Than Wallets Suggest

Bitcoin users are overpaying significantly on transaction fees, new analysis warned April 4 as the cryptocurrency’s bull run sparked a surge in activity. Fee Estimators ‘High’ Data published on social media by Bitcoin education and consultancy organization Bit Consultants shows an ongoing mismatch between required fees and those selected by users. The Bitcoin price had risen significantly earlier in the week,…

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Augur Prediction Market Platform May Have Design Flaws

An analysis of irregularities discovered in the Augur decentralized prediction market platform has identified a number of design flaws. Namely, it identified a potential attack vector based on discrepancies between a market’s expiry date and its outcome date. How A Prediction Market Works A prediction market would seem an ideal use-case for blockchain, harnessing the trustless nature and lack of centralized…

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Few Actually Care About Blockchain Governance, Data Shows

A recent investigation into ‘voter turnout’ as an indicator of community participation in decentralized-governance tokens, throws up some interesting results. Despite the assumption that token-holders would participate purely through the passive incentive of ownership, most prefer more tangible benefits.  Off-Chain Vs. On-Chain Governance Who governs Bitcoin? While nobody owns the network, somebody must be in charge of parameters such as block…

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