South Africa’s Central Bank Sees Ethereum Blockchain Only as ‘Backup’

The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank. 70,000 Transactions in Two Hours The project used the Ethereum blockchain platform Quorum. It aimed to replicate South Africa’s current bank-to-bank payment platform, the South African Multiple Gross Operation Settlement System (SAMOS), using the distributed ledger technology of blockchain. After a 14-week realistic…

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Expedia Drops Bitcoin Payments, Official Confirms

Travel booking platform Expedia has stopped accepting bitcoin (BTC). A company representative confirmed the policy change, while stating that various payment options are being continuously evaluated without elaborating on the details. Expedia has been supporting bitcoin payments since 2014.  Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo Expedia Confirms Suspension of BTC Payment Option Expedia.com, one of the world’s largest travel sites offering booking services for flights, hotels, and car rentals, is currently not accepting bitcoin (BTC). This week, the news was shared on Reddit by traveling…

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Abnormal Tether Price Moves on Kraken Leave Analysts Puzzled

Massive trade orders on Kraken fail to sway the price of Tether any further than modest ones, leaving researchers and analysts puzzled. Unlikely Coincidences “USD-backed” Tether (USDT) is making headlines yet again for the dubious activity surrounding the token. A report from Bloomberg today details evidence that Tether markets on the US-based Kraken exchange are possibly being manipulated by the practice of wash trading—in which market-makers fill their own orders to control the price of an asset. The study cited data between May 1 and June 22 of 56,000 different…

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Bubbletone Collects $8.6 Million via ICO and Successfully Tests Proprietary Roaming-Free SIM Card

The blockchain-based global telecom platform Bubbletone has successfully completed its ICO, collecting $8.6 million. All Universal Mobile Tokens (UMT) will be issued to crowdsale participants by 10 July. Soon the company plans the market launch of an original roaming-free Bubbletone SIM card that developers are already actively testing in the US and Europe. In addition, a Bubbletone affiliate – Baltic Clementvale LTD – has applied for admission to the International Telecommunications Union (ITU) and received an MVNO license. As a result, Bubbletone will be able to create its own offers for clients…

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Bitcoin Cash Sees More Infrastructure, Applications, and Protocol Innovation

Over the past few weeks, the cryptocurrency Bitcoin Cash (BCH) has seen a lot of new infrastructure support, applications, and protocol innovation. While everyone has been watching the bearish markets across the digital currency economy, in general, there’s a lot of action happening within the BCH ecosystem that supersedes its current price speculation. Also read: Crypto Business Is Now Legal in Belarus The BCH Train Continues to Truck Along BCH proponents have been able to continue the focus towards spreading adoption and lately there’s been a lot of infrastructure support to…

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Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets

Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May. Also Read: ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities Month-Over-Month 30-Day Trade Volume Declines Across Crypto Markets BTC has maintained its significant lead as the most traded cryptocurrency, with BTC pairings producing roughly $125.6 billion USD worth of trade over the course of the last 30 days. Compared with May’s…

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Allianz: Bitcoin is a Buy Below $5000

Allianz’s chief economic advisor, Mohamed El-Erian, has called bitcoin a buying opportunity — if the market leader falls below $5000. Not everyone agrees, however, and the non-believers have come out in force.  ‘You Might as Well go to Vegas’ Bitcoin was trading at roughly $5,870 when El-Erian told CNBC‘s “Squawk Box” that any price below $5,000 is a major buying opportunity — a sentiment surely shared by many others in the cryptocurrency space. Plenty of non-believers have come out of the woodwork, however, to share their bearish views and negative…

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Wendy McElroy: Crypto and the Structure of Class Warfare

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 2 Crypto, and the Structure of Class Warfare The wall separating state and society is crumbling. Or, rather, the state is taking a jackhammer to it in an aggressive attempt to control every aspect of productive and cooperative life…The people you deal with on a daily basis are ceasing to be good neighbors, honest merchants, and disinterested strangers. They are becoming state informants who monitor your expression, your money, your behavior and attitude in…

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XRP is a Security, Litecoin Has ‘No Reason to Exist,’ Ethereum is the Best — Says Multicoin Capital

Multicoin Capital, an Austin-based crypto hedge fund backed by Andreessen Horowitz’s Marc Andreessen and Chris Dixon, Union Square Ventures and other VCs, is long on EOS (EOS) and Ethereum (ETH) — but bearish on Litecoin (LTC) and Ripple (XRP).  EOS Launch ‘Hasn’t Gone as Badly as I Think People Say’ Multicoin cofounder Kyle Samani told Fortune‘s “Balancing the Ledger” that his company is sticking with EOS, despite the negativity surrounding its mainnet launch. He explained: For now we are holding our position, we haven’t sold any. The EOS launch did not…

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The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto Bills

In Saturday’s Bitcoin in Brief, we cover some of the new expansion plans of leading cryptocurrency trading platforms. Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses in the crypto space.    Also read: Exchanges Expanding, Brave Adds Tor, Tether “Double Spent” Huobi Confirms…

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