A crypto exchange by Roger Ver, how much ETH does Vitalik have, an official coin pump from Yobit, spy mining in ETH is halted and a new cryptic puzzle with a prize of 310 BTC — in this weekly digest
- Roger Ver has plans to launch his own crypto exchange. Of course, with BCH as the main coin in the basis. This is only a plan, Ver hasn’t decided yet, should they build it from the scratch or just buy an already established exchange.
- Vitalik Buterin publicly disclosed how much ETH he has. According to him, he never was a billionaire and never held more than 0.9% of the entire supply. Vitalik posted his Ethereum address, that currently holds 365,000 ETH.
- One of the biggest Russian banks, Sberbank, will help the energy giant Rosseti to implement blockchain technologies to improve their business models. Sberbank will work as a consultant, being a blockchain pioneer among largest commercial companies in its country.
- The exchange with a dubious reputation, Yobit, shows a new level of social media marketing. In an official marketing letter they announced an incoming 'random pump', with a link to the page with a countdown timer, showing how much time is left until the pump. Yobit promised to pump one random coin, spending 10 BTC in the process, and hoping to attract new customers to the exchange.
- A cryptic puzzle, worth 310 BTC, appeared on Bitcoinchallenges.codes. The creator of this puzzle with a nickname 'Pip', writes on his site that he's an early adopter and he doesn't need money anymore, that's why he wants to make someone else happy with these BTC that he received from airdrops.
- Coinbase is pretty sure it will get the license for operating as a legal crypto exchange in Japan by 2019. The regulations in the country are very tight, but Coinbase believes it's actually good for them, because it removes the competitors from this field, while the demand for crypto stays the same.
- Etherdig, the mining pool accused of spy mining, mining empty Ethereum blocks without processing transactions, stopped this malicious practice. It posted an announcement about the reorganization of the service. It's still unknown, if the service was halted after the bad publicity or simply due to low ETH price.
- IBM will help Azerbaijan to improve its banking infrastructure by implementing blockchain technology. A five-year plan for digital transformation of the economy is set in motion, and the blockchain will be used in the state program for non-cash payments.
- Switzerland gives the first asset management license to a local crypto fund, Crypto Fund AG. It will allow them to manage funds and provide financial advices to local and foreign investors. From now on, Crypto Fund AG is on the same level as other globally recognized Swiss fund managers.
- Forbes will be using Civil blockchain to publish its articles on blockchain. It will be an experiment for Forbes to try to find new forms of audience engagement.
- Jack Ma said in a speech that Bitcoin will be the key to the cashless society. He continues to study blockchain technologies and cryptocurrencies along with their possible application in real life.
- A research by Diar shows that Bitcoin mining profitability increases in China while decreasing in other parts of the world. Chinese largest miners, such as Bitmain, greatly benefit from cheap electricity, the profit for mining in China is 30 times higher than everywhere else. That possibly leads to mining centralization.
- Mastercard received a patent for a partitioned blockchain. This method will allow to handle transaction records of different type, size and format. In other words, it's a blockchain for multiple currencies and data. It's still a patent, so the purpose of its usage is under question.
- Israel is changing the way it calculates the taxes for crypto. Previously, taxes were too big, stalling the industry's progress in the country. The new alternative system will let the investors decide how they want to pay the taxes, giving them a more transparent and fair way to do it.
- India considers launching its own cryptocurrency. After the hard crackdown on Bitcoin and crypto exchanges, India’s finance ministry will recommend to issue an approved cryptocurrency and crypto-token. At the same time, owning any other cryptocurrency may become totally illegal and punishable act.
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