Malta: Parliament Approved Blockchain Regulatory Framework

Malta blockchain regulations: Last night, four bills surrounding the blockchain sector in Malta were approved by Parliament, according to Malta Today. Will Malta become the first blockchain island? Three of the bills approved were to help establish a regulatory framework for Malta’s emerging blockchain sector, and the other bill was to establish Infrastructure Malta. The 3 Bills that will regulate DLT have been approved by Parliament and enacted into law. Malta , the first world jurisdiction to provide legal certainty to this space. #blockchainisland @JosephMuscat_JM — Silvio Schembri (@SilvioSchembri) July…

Switzerland’s First Trial Municipal Vote Using Blockchain is a Success!

Yesterday saw a successful day in Zug — Switzerland’s “Crypto Valley”, as the city completed its first trial municipal vote using blockchain. The success was first reported by the Swiss News Agency. Trial Municipal Vote Using Blockchain The vote was held using a trial digital ID system; city authorities used this system since 2017 to issue digital identities to residents. Blockchain technology for governance has been a consideration in many jurisdictions for some time now. A mobile app was used to place votes and also allowed for residents with digital IDs…

Fundstrat’s Robert Slyumer: Bitcoin Must Rally Through $6,300

Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark. The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said: “It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I…

Bitcoin Airdrop and Azul App to Send Millions in Bitcoin to Venezuela

Can a Bitcoin Airdrop help the people of Venezuela? The country is considered one of the world’s most oppressive monetary states. Unfair practices implemented by its government to maintain control of its people has resulted in the following; “severe shortages of medicines, medical supplies, and food have intensified since 2014, and weak government responses have undermined Venezuelans’ rights to health and food. Protesters have been arbitrarily detained and subject to abuse by security forces.” — as reported by The Human Rights Watch World Report in 2017. But can cryptocurrency change all this? Developer…

Steve Wozniak Compares Blockchain to Dot-Com Bubble

Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen but because I want it to be that way, that is so pure thinking,” stated the Apple co-founder. Not only does he advocate for Bitcoin he has invested and sold some himself (and also got scammed…

Malta Is Becoming a Blockchain Powerhouse – Passes 3 New Crypto Bills

Three crypto bills have been passed by the Maltese parliament through their second reading. This further cements the tiny Mediterranean islands ambition to become the “Bitcoin continent of Europe”. The announcement was made by the Parliamentary Secretary for Digital Innovation Silvio Schembri at the Malta Institute of Management Cryptocurrency Considerations for Management Conference. The conference was held at the Radisson Blu hotel in St. Julian and saw speakers across different sectors of the cryptocurrency and blockchain sphere.  The Three Crypto Bills The approved bills will provide a clear legal framework for…

Blockchain Patent Filed for a Digital Currency Wallet by the People’s Bank of China

The People’s Bank of China (PBoC) has just filed a new blockchain patent for a digital wallet. The Digital Currency Research Lab wants to build a wallet that allows users to track their transactions. The application was submitted through China’s State Intellectual Property Office (SIPO) on Friday, June 22nd. The new patent filed outlines the proposal of a digital wallet that would be used to track transaction data. The new app would be in coordination with the official, centralized digital currency issuance registration agency. Like any of the wallets on…

Bitcoin (BTC) Not Among China’s Top Ten Blockchains

A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten. Bitcoin Ranking By China The China Electronic Information Industry Development (CCID) body initially released its blockchain rankings list in May. On the original list, Bitcoin (BTC) hadn’t made it into the top ten either, but it was close,…

Jack Ma: Bitcoin Bubble is Real and Blockchain is the Future

Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of the cryptocurrency. Jack Ma Bitcoin Bubble: True or False? On Monday, Jack Ma, a Chinese billionaire and the founder of Alibaba Group Holding, spoke at an event held by Ant Financial Services Group, a financial affiliate of Alibaba Group Holding. During his presentation, Jack Ma spoke of both cryptocurrency and blockchain. While…

Switzerland: Blockchain will “Penetrate Our Entire Economy”

Blockchain in Switzerland: It seems that blockchain technology is expected to infiltrate Switzerland’s economy even more-so. Already, the Alpine nation has been known as quite the hot-spot for all things cryptocurrency. But this time it seems that the technology behind blockchain specifically, allows for a real push in technological advancement for the nation. Johann N. Schneider-Ammann on Blockchain in Switzerland At the Crypto Valley Conference in Bern, Swiss Federal Councillor Johann N. Schneider-Ammann, stated: “Hardly anyone still doubts that blockchain will penetrate our entire economy.” A transcript from the event was…