Blog for people who wish to be informed about the latest news and events
  • Creation date
    27 March 2018
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With Journalists on Ethereum, Will Fake News Meet Its Match?


Before discussing the launch of a blockchain platform for newsrooms, there was one thing I had to clear up with the Matt Coolidge, co-founder and communication lead at the Civil Media Company: was he planning to put me out of a job?

«Our visions of world domination stop short of disrupting CoinDesk,» he said.

A truce achieved, it was time to move onto the details.

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Tezos Investors Got a Chance to Sell This Week – And They Took It


After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them.

At least, that seems to be the case according to available market data, which indicates a wave of selling has taken place since the tech backing the crypto asset was released in beta.

All in all, prices fell 34 percent on Monday to $2.00, according to CoinMarketCap. From a Monday high above $4, the price dropped 74 percent to a Friday low of $1.10, before paring losses to reach roughly $1.76 as of press time.

Notably, the sell-off coincided with the first listing of Tezos tokens on an exchange, meaning investors were quick to take advantage of access to liquidity.

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Blockchain for IoT: A Big Idea Meets Hard Design Questions


One of the most ambitious ideas in blockchain is that the technology could enable not just people and businesses to transact with each other seamlessly, but also machines.

If this scenario, first articulated a few years ago, comes to pass, devices ranging from refrigerators to automobiles would not only collect and share data as part of the emerging internet of things (IoT), they would also be endowed with cryptocurrency wallets and unique, blockchain-based identities.

The business possibilities from this physical internet of value are vast, potentially expanding the transactional economy in once-unimaginable ways. Self-driving cars might pay each other to cut ahead, for instance; a fridge equipped with sensors would know when it's running low on milk and zap the grocer some crypto to deliver a fresh carton.

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Spain's Lawmakers Push for Blockchain Use in Governance


Spain's ruling party believes the government should utilize blockchain to operate the country's public administration more efficiently.

Last week, 133 deputies from the Popular Party submitted a blockchain-related proposal to the Congress of Deputies, the lower chamber of the Spanish Parliament. This proposal recommends that the government introduce blockchain «with the aim of improving internal processes and [providing] traceability, robustness and transparency in decision making,» according to public documents.

The document continued:

«The introduction of blockchain — in administrative concessions, contracting or internal processes — will encourage greater control, traceability and transparency in the processes. In addition, the use of this technology can also bring extra revenue to the Administration through the promotion of new models of exchange of rights in sectors such as logistics, tourism or infrastructure. „

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Crypto Exchanges Are Suddenly Being Censored In Iran


«Every crypto exchange in Iran [has been] filtered since May.»

That's how one Iranian bitcoin advocate, speaking on condition of anonymity, described a new wave of government censorship that has cut Iranians off from vital links to the crypto economy ahead of a scheduled renewal of U.S. sanctions in August and November.

Several Iranians exclusively told CoinDesk they are having trouble accessing crypto exchanges like Binance, Blockchain and LocalBitcoins, even with virtual private networks (VPNs) and other workarounds that were already commonplace because of international sanctions.

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Among Blockchain-Friendly Jurisdictions, Malta Stands Out


Marlene Ronstedt is a writer and journalist whose work has appeared in German and English publications including WIRED Germany. Currently, she is working for Neufund as a blockchain reporter.

André Eggert is a partner at the law firm of LACORE LLP and the legal architect of Neufund.org, a platform for primary offerings of tokenized equity.

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Among the handful of blockchain-friendly jurisdictions around the globe, Malta stands out with perhaps the most forward-thinking regulatory agenda.

In a testament to its success, the European island state has attracted a couple dozen blockchain businesses, such as the crypto exchange Binance and our company, the equity fundraising platform Neufund. A recent study from Morgan Stanley shows that Malta has established itself as the No. 1 spot for crypto trading.

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Big Insurers Are Uniting Behind R3's Blockchain Tech


R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology (DLT) providers in the sector.

Revealed exclusively to CoinDesk, the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3's Corda platform.

The news comes soon after B3i, the European reinsurance consortium, decided to switch from Hyperledger Fabric to Corda. With the addition of RiskBlock, R3 now counts all the major insurance blockchain consortia as Corda users, including the Insurwave marine insurance platform created by EY and Maersk as well as regional initiatives in India and Italy.

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Huobi's New Voting Rules Anger Crypto Fund 'Supernodes'


A change to the rules for voting on new token listings has caused a backlash against Huobi's HADAX cryptocurrency exchange platform.

On Friday of last week, Huobi published an update – «HADAX Super Nodes and Voting Rules Updates and Subsequent Arrangements» – which outlined that, henceforth, HADAX will rely on two separate groups of funds to help with deciding on new listings.

The company introduced the idea of «Standing Nodes,» for which the HADAX platform will invite 14 large, traditional venture capital firms to join, such as ZhenFund, FBG, Unity Ventures, and Draper Dragon.

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Self-Proclaimed Satoshi Says Bitcoin Book in the Works


An individual claiming to be Satoshi Nakamoto has announced they are writing a book about bitcoin and its history that will include personal stories of its creator, though it's unclear whether the person is the actual inventor of the world's first – and still biggest – cryptocurrency.

Last Friday, a website named nakamotofamilyfoundation.org posted a letter signed by Satoshi Nakamoto – the (probably pseudonymous) name of the author of the notable 2008 bitcoin white paper, whose real identity still remains unknown.

According to the post, the book, if it ever comes out, will be divided into two parts and named «Honne and Tatamae,» according to the results of a «cryptopuzzle» published with the post.

An explanation from Wikipedia indicates that the name in Japanese means «the contrast between a person's true feelings and desires and the behavior and opinions one displays in public.»

Further, the post's author claims the book will contain information about the personal life of bitcoin's creator, saying:

«But to be certain, there are countless conversations I found to be enlightening that I hope make it to be part of the story. There will be many new names and individuals appearing throughout the book in any case, as it is a story about my personal life.»
Published alongside the announcement is an excerpt from the supposed book, which briefly recaps the development of bitcoin and covers new issues that have emerged since the creation of bitcoin such as scaling, the concept of blockchain and the arrival of application-specific integrated circuit (ASIC) miners.

The excerpt also goes on to explain why the name Satoshi Nakamoto was chosen in the first place:

«I wanted the most common name, which I knew no one outside of Japan had any recollection that Satoshi Nakamoto, was the equivalent of 'John Smith.' It took time for the public to come to this conclusion, but most with direct access to me had figured it out long ago.»
However, whether the post's author is indeed the real Nakamoto cannot yet be verified.

Craig Wright, an Australian academic and chief scientist at nChain, who claimed to be Nakamoto in 2015 (though has not provided proof adequate for most observers), took to Twitter after the book announcement came to light, saying that its author «cannot get the dates nor technical details correct.»