Thailand Greenlights Japanese Exchange to Operate 4 Crypto Businesses

The Thai government has issued four licenses to a new crypto exchange. Prior to this, only existing exchanges that were in business before the country’s crypto regulation took effect were approved. The first licensed new exchange in Thailand is a subsidiary of a regulated Japanese exchange, Bitpoint. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval New Crypto Exchange Licensed Japanese corporation Remixpoint Inc. announced on Thursday that its Thai subsidiary, Bitherb Co. Ltd., has obtained four different crypto-related licenses to operate in Thailand. The announcement concurs…

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Fidelity Becomes First Financial Institution to Take Bitcoin Lightning ‘Torch’

Fidelity Digital, the digital assets arm of Fidelity Investments, has become the first financial institution to receive the so-called bitcoin payments ‘torch’ that is being relayed from user to user around the globe via Bitcoin’s Lightning network.  Fidelity Becomes First Bank to Take the #LNTorch With more than 27 million customers, Fidelity manages $7.2 trillion dollars in total assets. It’s the United States leader in 401(k) retirement savings plans and is one of the largest 403(b) retirement plan providers for not-for-profit institutions. The investment giant announced it had received the #LNTorch on…

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Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning

Digital asset holders and organizations have been donating funds to a number of well-known universities. These days a slew of popular colleges like Stanford, MIT, Cornell, Puget Sound, and Princeton all accept digital currency donations or have high-net-worth crypto backers funding these schools. On the flip side of higher education, many of the world’s prestigious universities also offer elective courses that teach blockchain technology. Also Read: University of Michigan Endowment Backs Crypto Venture Capital Fund Universities See an Increasing Trend of Cryptocurrency Donors One growing trend has been the way…

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Thailand Greenlights Security Token Offerings (STOs)

Thailand is set to legalize the issuance of tokenized securities using blockchain technology with a recent amendment to the Securities and Exchange Act. Thailand to Greenlight STOs Thailand’s National Legislative Assembly has reportedly approved an amendment to the existing Securities and Exchange Act on February 8th, according to the Bangkok Post. The amended act is expected to go into effect this year according to Tipsuda Thavaramara, Deputy Secretary-General at the SEC. The Director of the Corporate Communication Department at the SEC, Pariya Techamuanvivit, said that once this happens, it will…

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State Treasurer: Ohio Companies Now Paying Tax in BTC

Treasurer in the U.S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December. Sprague did not disclose details pertaining to the amount or companies involved, citing confidentiality. Also read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors State to Review BTC Tax Payments Speaking at a forum organised by the Ohio State Associated Press on Feb. 19, Republican politician Robert Sprague said: “We’re reviewing how [the program] might be either…

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Top-3 Mining Rig Maker Ebang Eyes Market Turnaround in 2019

Ebang, the third largest mining equipment producer, plans to make at least 400,000 of its Ebit mining rigs in 2019. The company commands a 9.2% share of the global mining hardware market, lying behind only Bitmain and Canaan. Ebang Expects to Sell 400K Units in 2019 The latest company reports show sales of almost 159k units in 2017, followed by almost 309k units in the first half of 2018. Total figures for 2018 are not yet available, but Ebang reported “significant decreases” in Q3, compared to the previous quarter. This is in…

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BTC-e Operator Alexander Vinnik Terminates His Hunger Strike

The alleged operator of the infamous BTC-e exchange, Alexander Vinnik, has terminated his hunger strike more than 80 days after he started the protest against his detention in Greece. Vinnik’s condition is serious and he needs specialized medical attention to recuperate. Also read: Cryptocurrency Exchange Exmo Opens Branch in Turkey Russia’s Ombudsman Visits Vinnik in Hospital The Russian-born IT specialist took the decision to temporarily stop the hunger strike after meeting with Russia’s ombudsman Tatyana Moskalkova. She visited him on Thursday in a Greek hospital, where he is placed under…

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Cluck the Banks: Bitcoin Lightning Network Powers Remote Chicken Feeder

A new and decidedly niche consumer product for Bitcoin’s Lightning Network has launched, allowing anyone to use the payment protocol… to feed chickens. A Different Breed Of Blockchain Supply Chain Currently circulating on social media, Pollofeed.com facilitates automated feeding of the birds, powered by Bitcoin Lightning Network payments. “Pollo Feed is a automated chicken feeder powered by bitcoin lighting payments,” the service’s description reads. Users use the website to generate a payment invoice and send funds. After, Pollo Feed automatically dispenses a small amount of feed to a chicken in…

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Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency

A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that aren’t beholden to the volatility of local currency in inflation-hit nations. Also read: Company Evades SEC Penalty Despite Illegally Issuing Security Tokens Making the Case for Stablecoins “Sixteen countries today face annual inflation rates of…

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John McAfee Gives ‘Hard Date’ For $1 Million Bitcoin

US Presidential Candidate and former ICO-enthusiast, John McAfee, has declared a ‘hard date’ for a bitcoin price of $1 million. This followed a prediction of “$1 million… someday” by Jesse Lund, vice-president of blockchain and digital currencies at IBM. Two Weeks Next Someday Lund made his prediction in an interview, when quizzed about his future outlook for Bitcoin, saying: I see Bitcoin at a million dollars someday. I have actually blogged about this a little bit. His prediction may however, partly be based on a preference for round numbers. He explained…

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