Dubai developer launches crypto payment option for home buyers

Ellington Properties has delivered Belgravia, Belgravia II and Somerset Mews – all in central Dubai.

Ellington Properties says it has chosen Bitcoin Suisse as its preferred crypto brokerage provider Dubai-based developer Ellington Properties has chosen Bitcoin Suisse (BTCS) as its preferred crypto brokerage provider, adding to the payment options for its base of international customers. Designed to enhance customer satisfaction, Ellington Properties said customers can now purchase homes in central locations in Dubai using bitcoin with the transaction process to be facilitated by Bitcoin Suisse. BTCS has helped shape the crypto and blockchain ecosystem in Switzerland, the developer said in a statement. Paula Wehbeh, head…

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Binance partners with TravelbyBit to launch crypto-backed Travel Rewards Card

TravelbyBit

Global travel meets mainstream crypto adoption in this latest venture from Binance and TravelbyBit, the company behind Brisbane Airport’s transformation into the world’s first cryptocurrency-ready airport. Travel booking platform, TravelbyBit, and leading global cryptocurrency exchange and blockchain ecosystem, Binance, have joined forces to create a cryptocurrency-backed travel rewards card to facilitate crypto payments on major travel websites. Starting today, users can pre-register for the TravelbyBit Travel Card at https://travelbybit.com/card-launch/. The new TravelbyBit travel rewards card will function as a traditional prepaid debit card with additional access to exclusive travel discounts…

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Over 1000 coins dead in 8 years

1000 coins dead in 8 years

A recent study has revealed how the crypto ecosystem is becoming free from a collection of coins affiliated with projects with little or no business proposition, market traction, and ready products, more commonly known as “shitcoins”. According to the study, more than 1000 cryptocurrencies are now dead! There Are Top Coins, Shitcoins And Dead Coins According to a recent report, an average of 1000 cryptocurrencies has become extinct within the crypto ecosystem in 8 years. The publication featured reports from at least 3 other coin rating websites which make use…

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A leading Japanese broker to join Libra Association

Monex Group

A leading online brokerage company in Japan, Monex Group, wants to become a part of Facebooks’ Libra project. The broker applied to become a node operator. Oki Matsumoto, the president of the Group, announced the decision during the company’s regular meeting devoted to the results of Q2. It is worth noting, that Matsumoto sounded very optimistic about Libra, despite that the recent Facebooks’s cryptocurrency initiative had faced stiff resistance from global regulators and governments. According to Matsumoto, Libra might unlock various possibilities, including “financial inclusion” and more efficient cross border…

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BitTorrent, Tron Launch Crypto-Powered ‘Speed’ Downloading Software

BitTorrent BTT crypto world

Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release. As reported, Bittorrent launched a native Tron blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content platform that would enable users to optimize their network speed and attain faster downloads. As per the press release, the Bittorrent Speed software will now be integrated into all new downloads of the company’s µTorrent Classic Windows client. The BitTorrent…

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Blockchain supply chain market to reach over $9B by 2025

blockchain supply chain

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8. AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure. By industry vertical,…

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Bitfinex to Use 27% of Tokinex Revenue to Burn LEO Tokens

LEO token burn

Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8. Bitfinex unveiled LEO in May as the native utility token for its initial exchange offering (IEO) platform Tokinex. Parent company iFinex committed to burning LEO tokens, until commercial circulation runs dry, in the LEO token whitepaper: “On a monthly basis, iFinex and its affiliates will buy back LEO from the market equal to a minimum of 27% of the consolidated gross revenues…

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China’s Central Bank Developing Own Digital Currency in Response to Libra

cryptocurrency

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8. Wang Xin, director of the People’s Bank of China (PBoC) research bureau, argued that “if [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system?” Wang said that the…

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Bing ban for 500,000 cryptocurrency ads

Bing ads ban

Microsoft’s internet browser Bing blocked more than 5 million cryptocurrency ads last year. The data was revealed in Microsoft’s annual review of advertising quality. Microsoft explained that digital advertising is a powerful and open channel. “it is also prone to abuse by bad actors trying to defraud and deceive users by delivering harmful and misleading ads, with persuasive content and innocent looking links that lead to phishing, malware attacks and other types of fraud,” said the report. In 2018, Microsoft suspended nearly 200,000 accounts and removed 900 million bad ads…

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Russia may build offshore destination for cryptocurrencies, exchanges and forex

Russia may build offshore destination

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8. Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets. Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement. Petukhov made his statements while speaking to TASS at the St.…

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Using Bitcoins may earn you a 10-year jail sentence

Bitcoin jail

In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. A new draft bill The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone dealing with cryptocurrencies. The…

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Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

#TAOTAO

A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development. The new platform, called Taotao, announced on Twitter Sunday that it will go live on Thursday, May 30, at midday local time. According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch. The firm will also be making leverage available for interested traders, with three more cryptos added…

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EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

EU Blockchain Observatory

The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…

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New York rejects Bittrex Bitlicense application

New York

According to the press, the New York Department of Financial Services (NYDFS) decided to reject the BitLicense application from the Bittrex exchange. According to the New York Tax Office’s official report sent to Bittrex CEO Bill Shihare, New York, Bittrex Bitlicense rejects the lack of stock exchange policies and controls against AML, Know Your Customer (KYC), and Office of Foreign Asset Control (OFAC) ). Bittrex ranked 54th in the CoinMarketCap list of digital currency exchanges in terms of adjusted trading volume. The Bittrex case in brief BitLicense is a set…

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EU Launches International Blockchain Association

International Blockchain Association

The European Union has officially launched the International Association of Trusted Blockchain Applications (INATBA) — with IBM, Accenture and Deutsche Telekom among the 100-plus members to have signed the association’s charter at a ceremony at the European Commission (EC) in Brussels on April 4. INATBA was legally formed last month as an offshoot of the EU’s European Blockchain Partnership, with the explicit aim of “supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies.” Launching ceremony Hosted by European Commissioner Mariya…

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