Crypto-Currency 

Chinese giant Xunlei launches “blockchain file”

The world leader in cloud-based bandwidth acceleration technology, Xunlei Limited – also known as the BitTorrent of China – announced the development of a new distributed file system. This initiative would support Blockchain platforms. Launch a new Blockchain file system Xunlei Limited has revealed that the thunder chain file system (TCFS) file system and three ThunderChain Request for Comments (TRCs) will support blockchain technology development efforts at an event in Shenzhen, China. China. Features of existing platforms like TCFS and Filecoin could be combined and there could also be new security and flexibility tools to optimize the system. ThunderChain was…

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Crypto-Currency 

Romania unveils draft law related to cryptocurrencies

Romania has drafted an emergency ordinance for electronic funds including cryptocurrencies. A bill on electronic currencies The bill stipulates that any legal entity wishing to launch a cryptocurrency must have a capital of 350,000 euros, or at least $ 409,000 . As for the members of the company wanting to launch an electronic money, they are subject to the approval of the Romanian National Bank (BNR).The virtual currency is described as an “electronically stored monetary value, representing a claim on the issuer, issued upon receipt of funds to make payment transactions and accepted by a person other…

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Crypto-Currency 

Central Bank of Finland: cryptos are an “error”

The report recently published by the Central Bank of Finland and written by the director of the Digitalization Department, Aleksi Grym, is far from innocuous. Named “The great illusion of cryptocurrency”, the director explains on 18 pages why the fundamental nature of money is still poorly understood, and how the Internet and social networks have “blurred our sense of reality and fiction” . Currency can not be digitized Recently ranked as the ” happiest country in the world ” in 2018 by an organization close to the United Nations, Finland does not seem to be a land…

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Crypto-Currency 

Ron Paul: “Cryptocurrencies and precious metals can coexist together” against the fiduciary dollar

Ron Paul really deserves to be told that he is not an American politician like any other. This former Republican presidential candidate, a former senator in the US Congress, is a libertarian economist, from the Austrian school, advocating in particular the return to a gold standard, rather than continuing in the current Keynesian credit economy, which We sink more every day under debt mounts. To give a first view of this politician, we can recall that he had already given his opinion on cryptocurrencies in late 2017, saying that ” if people want and…

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Crypto-Currency 

US tax authorities launch international force against tax evasion

While we had already spoken of a joint international force (Crypto Sweep) to fight against fraudulent ICOs, here are 5 countries that have joined forces around the Internal Revenue Service (IRS ) to fight against cross-border tax fraud and dirty money laundering.   Grouped under the name of Joint Chiefs of Global Tax Enforcement (J5), we learn through a publication on the IRS website , that in addition to US tax services , it is the services of the United Kingdom , Australia , Canada and the Netherlands who will join forces to try to recover every cent of taxes . The statement on the IRS website reads:…

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Crypto-Currency 

ZCash: the cryptocurrency that has nothing to hide

But it’s not for lack of trying – L e 8 May 2018, a team of researchers from the University College of London published a detailed study sought to analyze in detail the actual degree of anonymity and confidentiality achievable in practice when using ZCash. From previous research  seemed to show that a relatively high level of confidentiality could be achieved using ZeroCoin , the name of ZCash at the fork original with Bitcoin. Preamble to ZCash study Beyond the ideological bases that would justify the use of an anonymizing crypto-currency –  we prefer the term cryptocurrency sibylline  – in everyday routine spending , the authors of the…

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Crypto-Currency 

Forced by an order to transfer $ 3.7 million in bitcoins

Dominic Lacroix, active in the promotion of PlexCoin was forced Friday to transfer 420 bitcoins worth $ 3.7 million in Canadian dollars following a safeguard order issued by Judge Raymond W. Pronovost . On Thursday, the magistrate issued the order and Lacroix was to appear in court Friday, so that the president of the Tribunal can ensure that he had complied with his request. The man accompanied by his wife Sabrina Paradis-Royer appeared in the afternoon, but nothing had been done yet. Asked why the bitcoins had not been transferred, Lacroix…

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Crypto-Currency 

In Japan: FSA overhauls the regulation of crypto-purses in the country

The Japanese Financial Services Agency (FSA) is considering strengthening regulatory provisions for cryptocurrency exchange services, according to a report by local daily Sankei. Japanese regulator hit again The FSA of Japan wants to use the Financial Instruments and Exchanges Act (FIEA) to regulate the country-based crypto-purses, and their current legal basis, while protecting crypto-investors. The securities management companies will have to proceed in the same way as the treatment of the shares on the funds and the securities of the clients. Current legislation places virtual currencies as a means of payment in…

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Crypto-Currency 

Ripple again dragged to court

Never two without three – On June 27, 2018, a third complaint was filed against Ripple , whose purpose is, to change, to obtain the classification of XRP as security (summarily, a sale of shares, which in the case of Ripple and the XRP would then be illegal). These new legal tribulations have fallen like a new hair on the soup for the company Ripple . The complaint in question was filed in California , like the two previous ones, which have since been transformed into two class actions . The indictment mentions both Ripple and its CEO Bradley Garlinghouse as defendants . The novelty of…

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Crypto-Currency 

Urban farmers could boost Japan’s agricultural economy with Pavo

The Japanese agricultural sector faces unique challenges in the world, but, true to its habits, it is the young and tech-savvy generation of the country that could hold the key to unleashing the potential of the urban agricultural sector by improving its yields as well as its economic prospects. The Japan is known to be a forerunner in adopting new technologies , and it is also the case in the agricultural industry. Although the average Japanese farmer is 66, Reuters reports that the number of young farmers in Japan is starting to increase, and that young farmers are…

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