Bitcoin Userfull Info

The government of India has already finalized as of early August 2017 the draft proposal recommending how to regulate the use of digital currencies in the country effectively. The plan was already submitted by the intergovernmental panel that was formed in April 2017 for said purpose to the Indian Ministry of Finance. The contents of the draft proposal are relatively unknown, but based on previous reports, some of the members of the panel favor the imposition of a stricter regulation against the use of the digital currencies like Bitcoin, Ethereum and Litecoin in the country. Others, meanwhile, have proposed that the Indian government should introduce some kind of a tax policy for the cryptocurrencies. Positions of cryptocurrency players on the issue Before the creation of the panel to study the existing framework for virtual currencies in India, startup companies involved with Bitcoin or the Blockchain technology have appealed to the governm...

NEO, formerly Antshares, is up over 350 percent this month. The company is known for having built China’s first public blockchain and for working on a smart contract technology that is comparable to Ethereum’s. At the time of writing, NEO has a market capitalization of $1.3 bln, this is around 50 times smaller than Bitcoin and 20 times smaller than Ethereum. Rebranding In a gathering at Microsoft headquarters in Beijing, Antshares announced that it would rebrand to NEO in Q3 2017.   This name was chosen because it means ‘new’ in Greek. The rebranding process was recently completed and elegantly executed by Da Hongfei, the CEO of the organization. It is important to note that it was also surprisingly well received by the community and was a crucial step for the organization to position itself as a leader in China’s smart economy. Smart economy Developers at NEO recently announced that they are working on implementing core functionalities that will m...

Nonprofit media organization Wikileaks recently tweeted that it has begun accepting donations of the privacy-oriented digital currency Zcash. The cryptocurrency becomes the third virtual currency accepted by the information sharing site following Bitcoin and Litecoin. Why Zcash? Wikileaks decided to accept Zcash as a new mode of donation despite its poor performance in a survey that was conducted by the nonprofit group in early August 2017. Of the options presented to the pollsters, Zcash only got 11 percent of the 12,204 votes that were submitted. Its rivals Ethereum and Monero, meanwhile, garnered 45 percent and 21 percent, respectively. Wikileaks background Wikileaks is a global nonprofit group that mainly publishes news leaks, secret information, and classified media that are supplied by anonymous sources. Australian Internet activist Julian Assange is widely considered as the founder, director, and editor-in-chief of t...

Africa and its banking sector have always had its issues. Infrastructure for brick and mortar banks struggle due to the remote nature of the continent, but mass adoption of cryptocurrency could see many marginalized people empowered through digital currency. Cryptocurrency is being hailed in the developed world as the next step in money, but it is locked in a fight with a well established and powerful financial sector. In the developing world, however, that sector is broken and ripe for mutiny. Leapfrogging the obsolete Traditional banking sectors have been implemented across the African continent in the same mould as in the developed European banks due to colonization. However, Africa’s infrastructure and inner workings do not make this system efficient in any way. Thus, banks have been forced upon Africans as a necessity; however, they are difficult to use and unsuited to the continent. This leapfrogging of technology has happened before in Africa as many citizens ...