Bitcoin, Blockchain and Cryptocurrency news — Week 12/2017

IBM Announced Production-ready Blockchain On Monday, global giant IBM has announced enterprise production-ready blockchain service based on the Linux Foundation’s Hyperledger Fabric v1.0, which is said to allow businesses to build blockchain networks on the IBM Cloud, underpinned by the IBM LinuxONE server. Marie Wieck, a General Manager for the new BaaS Unit at IBM said that the company has applied decades of experience running the world’s largest transaction systems for banks, airlines, governments and retailers, to build the most

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Bitcoin, Blockchain and Cryptocurrency news — Week 11/2017

So what they said No? Crypto community has been anticipating decision of the US Securities and Exchange Commission (SEC) regarding a proposal for the first-ever Bitcoin ETF with a bated breath. The SEC has been postponing the decision for years, but it couldn’t go on like that forever. On March 10 authority released the Order Disapproving a Proposed Rule Change along with the reasons behind this decision. It was stated that: “The Commission believed that in order to meet the standard,

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Bitcoin, Blockchain and Cryptocurrency news — Week 10/2017

New Hampshire eases Bitcoin regulations There is still enough research to be done on the topic of regulations in cryptocurrency space. From country to country, ongoing disputes mainly evolve around the status of cryptocurrency (whether it is a financial product or service), the need for a central authority to regulate it, taxation, etc. While some state authorities prefer to wait and see at how others are dealing with this issue, so as not to provoke any adverse effects, those who

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Bitcoin, Blockchain and Cryptocurrency news — Week 9/2017

Bitcoin beats gold This week Bitcoin has managed to top gold in terms of the per unit value. As of Thursday’s close of trade, the price of Bitcoin stood at $1,268 against $1,233 per troy ounce of gold. Is Bitcoin about to become more valuable than gold? According to Bloomberg, the gold price has been at a three-year low, with a larger share of investors divesting from gold, when compared to Bitcoin. The advantage of cryptocurrency lays in its absolute uncorrelation

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