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Altcoin News

IBM-Powered Blockchain Platform Completes First Live Trades Via Five Major BanksIBM-Powered Blockchain Platform Completes First Live Trades Via Five Major Banks – Altcoin Today

European blockchain trading platform we.trade confirmed it had completed its first live operations today, July 3, involving twenty companies and five major banks. The blockchain platform, which claims to provide a “more efficient and cost effective way” for banks and businesses to trade worldwide, uses IBM’sBlockchain Platform, powered by Hyperledger Fabric. Part of various blockchain solutions currently under appraisal by the banking…

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The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC RelaunchesThe Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches – Altcoin Today

Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting. Coinbase Custody Opens Coinbase has announced that its new…

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Zug’s Head of Comms Calls City Blockchain Voting Test a ‘Success’, Despite Low TurnoutZug’s Head of Comms Calls City Blockchain Voting Test a ‘Success’, Despite Low Turnout – Altcoin Today

The Swiss city of Zug’s first local blockchain-based municipal vote has been successfully completed, the Swiss News Agency reported yesterday, July 2. Zug, also known as Crypto Valley, announced plans to trial a blockchain voting system using the city’s digital ID (eID) system, launched in November 2017, that allows citizens to vote on their mobile devices. Dieter Müller, the head of communications…

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Ethereum’s Gas Prices Rise Again as One Exchange Causes Transaction BloatEthereum’s Gas Prices Rise Again as One Exchange Causes Transaction Bloat – Altcoin Today

Transaction costs are an integral part of the cryptocurrency ecosystem. They are also one of the biggest concerns for most of the top currencies as of right now. Ethereum’sgas prices are seemingly on the rise again, which will make transactions a lot more expensive. This change is primarily caused by a new exchange focused on ERC20…

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Bitmain Is Now One of the 21 Entities Processing EOS Transactions

Controversial cryptocurrency company Bitmain has become one of the 21 entities processing transactions on the nascent EOS network. The China-based firm, best known for producing cryptocurrency mining hardware and supporting a big-block approach to Bitcoin scaling, on Tuesday received a sufficient number of votes to become an active EOS block producer, which allows it to…

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Crypto Investors Cashing Out on Bitcoin Amidst Price SlumpsCrypto Investors Cashing Out on Bitcoin Amidst Price Slumps – Altcoin Today

When the price of bitcoin dropped by 33% in April, some cryptocurrency investors decided that it was time to abandon the ship. For short-term investors, waiting for a continued price surge as seen in 2017 was not an option, considering that no one can truly predict the future price of any cryptocurrency. Today, it has…

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Bank of Finland Releases Scathing Crypto Report, Calls Digital Currency a “Fallacy”Bank of Finland Releases Scathing Crypto Report, Calls Digital Currency a “Fallacy” – Altcoin Today

The Bank of Finland released a paper on June 21 titled “The Great Illusion of Cryptocurrencies,” explaining why they think the concept of a digital currency is a “fallacy.” The paper, written by Aleksi Grym, Adviser on Digitalization and Head of the Digital Central Bank process in the Financial Stability and Statistics Department. It aims to explain…

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SEC Charges Two In Illicit UBI Blockchain Stock SaleSEC Charges Two In Illicit UBI Blockchain Stock Sale – Altcoin Today

The U.S. Securities and Exchange Commission has charged two Nevada residents with illegally profiting off stock sales from a self-described blockchain startup. Attorney T.J. Jesky and business affairs manager Mark DeStefano allegedly made about $1.4 million in 10 days by selling shares in Hong Kong-based UBI Blockchain Internet, the SEC claimed in a press release Monday. The…

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UK Food Standard Agency Completes Blockchain Pilot for Food Supply ChainUK Food Standard Agency Completes Blockchain Pilot for Food Supply Chain – Altcoin Today

UK food regulator the Food Standard Agency (FSA) has successfully accomplished a pilot using blockchain technology according to an announcement published July 2. This was reportedly the first time blockchain has been used as a regulatory tool to ensure compliance in the food sector. The pilot was implemented in a cattle slaughterhouse, where both the FSA and the slaughterhouse were…

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UK Food Watchdog Trials Blockchain for Meat InspectionUK Food Watchdog Trials Blockchain for Meat Inspection – Altcoin Today

The U.K.’s Food Standards Agency (FSA), a safety watchdog, announced Monday it has successfully piloted a blockchain-based supply chain monitoring system. The trial tracked meat produced in an unnamed cattle slaughterhouse, providing “improved transparency” throughout the supply chain, according to a press release. Both the slaughterhouse and the FSA tracked data provided in the trial. FSA head of…

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