Month: April 2018

Binance And Crypto Savannah Partner To Bolster Ugandan Economy

Leading global cryptocurrency exchange Binance has recently partnered with Ugandan Blockchain organization Crypto Savannah in order to support economic development of the East African country, according to a tweet from Binance CEO Changpeng Zhao April 22.

In his tweet, Changpeng Zhao noted that the partnership will promote “economic transformation” by generating employment as well as attracting investment to Uganda, which is considered one of the poorest countries in the world at a GDP per capita of around $2,000.

According to CoinMarketCap, Binance is now the second top cryptocurrency exchange in the world with an average daily trading volume of $2.19 bln. Hong Kong-based Binance announced it is plans open an office in Malta in March, following a warning from Japanese regulators.

As reported by Finance Magnates, the African continent is a promising spot for Blockchain companies in the financial sector. A large portion of the population on the continent does not have access to banks, and over 30 mln Africans work abroad to send remissions home, so technology that allows people to connect with a financial system may find mass adoption there.

Cointelegraph previously reported that East Africa-based charity GiveDirectly received $1 mln from decentralized payment network OmiseGO and Ethereum (ETH) cofounder Vitalik Buterin in order to support an experimental scheme providing 12,000 grants to families in Uganda.


Read more at cointelegraph.com

Estonia pushes ahead in race to issue first state-backed cryptocurrency

Estonia’s decision to launch its own cryptocurrency may have its detractors, but it is seen as an integral step in the development of the cryptocurrency market&nbsp






Author: Kim Darrah


April 23, 2018

Kaspar Korjus, an Estonian tech entrepreneur turned top government official, agrees that his plan to make a government-backed…

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Goodbye ICOs, Hello ILPs? – Technology


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The gold-rush mentality currently surrounding the use of initial
coin offerings (ICOs) has at times led to projects being used
irresponsibly and investors suffering harm as a result. To date, no
jurisdiction has provided a bespoke set of legal and technical
controls to manage this risk. Instead, some have acted
retrospectively by either banning ICOs or applying…

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Bancor (BNT) Definition

What Is Bancor?

Bancor is a blockchain protocol that allows users to convert different virtual currency tokens directly and instantly instead of exchanging them on cryptocurrency exchanges like Coinbase.

BNT is the Bancor Network Token, which is the primary token used within the Bancor network. As of February 2021, BNT is the 109th most valuable cryptocurrency by market cap, with an aggregate value of around $212 million, with one BNT trading at $1.88.

Key Takeaways

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3 companies to consider when investing in blockchain stocks

The rapid adoption of blockchain technology in various fields is a good indication that it is growing. According to Future Thinkers, major industries and fields such as banking and payments, cybersecurity, insurance, charity, cloud storage, and voting will profoundly be affected by the technology.

Opportunities for long-term investments in blockchain companies are also growing as the use of the technology spreads. Forbes likened it to the potential of the internet in the early ‘90s. It…

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What is Bancor (BNT)? | Beginner’s Guide

What is Bancor?

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets.

 

The project offers a network, which we’ll discuss soon, that works to bring liquidity to the majority of tokens that lack a consistent supply/demand in exchanges. That network is built on smart contracts and a new class of cryptocurrencies that the team calls “Smart Tokens.”

What Problem Does Bancor Aim to…

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India, Pakistan central banks clamp down on crypto-currencies

MUMBAI (Reuters) – India’s central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.

Giant electronic billboards display adverts for crypto currency investment companies as commuters arrive at Canary Wharf tube station in London, Britain April 6, 2018. REUTERS/Simon Walker

Pakistan’s central bank said in a separate statement late on Friday that…

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Center for studying, developing cryptocurrency market, blockchain established in Azerbaijan

6 April 2018 16:49 (UTC+04:00)

3 432

By Rashid Shirinov

A center for studying and developing the cryptocurrency market and blockchain technology has been created in Azerbaijan, said chairman of the Azerbaijan Internet Forum (AIF) Osman Gunduz .

He noted that a stakeholder meeting was held on April 5 where a center was established and the main directions of its future activities were identified.

“A plan of the center’s activities was drawn up, which includes educational activities, preparation of proposals on the regulation of the cryptocurrency market and blockchain, as well as provision of consulting services in this area,” Gunduz told Trend on April 6.

As part of the creation of the center, blockchain.az internet resource was registered, and it will be put into operation in the coming weeks.

“Meanwhile, it…

Read more at www.azernews.az

Bancor takes on Crypto exchanges with wallet that converts across tokens – TechCrunch

With the number of cryptocurrencies passing 1,000, and the craze continuing, things are getting pretty wild out there to say the least. And these crypto asssets can vary from the tokens issued by some no-name startup all the way up to Ether and the venerable Bitcoin. The trouble is, converting those coins into other currencies which you might actually use, or perhaps into the more fiat-friendly Bitcoin and Ether, has been hard. Users have to use exchanges to convert their…

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Bancor Network Launches Native Wallet With Built-In Token Conversion

The Bancor Network (Bancor), a decentralized cryptocurrency exchange, is launching its native wallet with built-in automated token conversions, Bancor privately told Cointelegraph.

The wallet symbolizes the next step in the the company’s development of a liquidity solution aimed at making digital currencies operable by common users, including crypto amateurs. The company claims that users are now able to convert their virtual currencies directly from their wallets, without needing to…

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