Inshorts

Malta to Approve the National Blockchain Strategy
April 25,
2017
Malta to Approve the National Blockchain Strategy

Malta’s government to adopt the national blockchain strategy. Addressing a conference organised by the financial affairs parliamentary committee, Maltese Prime Minister Joseph Muscat said that Malta will become one of the first countries in the world to embrace blockchain and that the strategy will soon be put up for public consultation. Notably, Muscat added: “This is not just about Bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health registries”.

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Biggest US Health Insurer Looks for Blockchain Direct

The largest US-based health insurer may hire point person on blockchain development. UnitedHealth is seeking a "director of blockchain platforms and applications development". The hire would work for Optum, an IT-focused subsidiary of the insurer. The company wrote they're about to disrupt healthcare by applying blockchain technologies

Wikileaks CIA can Hack Into Bitcoins

Bitcoin users may be compromised by CIA. According to a review of the Vault 7 dump made by Wikileaks, American Intelligence can under certain circumstances access bitcoin accounts of users without them knowing it. Report states, that CIA can infiltrate any operating system, creating malware based on ‘zero-day’ exploits that the the compromised systems developers are not aware of. While it is hardly unlikely that the majority of bitcoin customers is to be targeted by the CIA, there is a possibility that malware, developed by the agency will fall into the hands of former contractors and hackers for the U.S. government, what may potentially put the whole crypto-community under the threat.

Disclaimer. This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

Three World's Biggest Bitcoin Influencing Countries
April 23,
2017
FinTech Companies of India Want to be Heard

New way in cryptocurrency legalization in India. FinTech community decided to join the discussion of cryptocurrency legalization in the country due to recent raising of this issue in the Indian parliament. The Digital Asset and Blockchain Foundation together with the exchangers Unocoin and Coinsecure, as well as Zebpay's crypto wallet and online search startup Searchtrade, are asking about the opportunity to meet with the state commission, which decides the fate of cryptocurrency. They want to demonstrate the advantages of technology and the positive results of using the virtual currencies. The crypto community is convinced that innovative technologies will positively influence on the country and strengthen India's leading FinTech position in the world.

Three World's Biggest Bitcoin Influencing Countries

China, India and Russia may become the major influencers in Bitcoin prices in the coming years. After Japan’s decision to allow cryptocurrency as legal tender in a fully-regulated environment, Bitcoin again broke the $1,200 price point. China is progressing despite business expansion countered by user complaints of funds freezing from above. India and Russia unleash huge potential. Russia’s increasingly soft stance on Bitcoin may see it legalized in 2018, subject to transaction monitoring in forms yet to be understood.

Disclaimer. This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Fiat Funding Option Added to Kraken Exchange
April 21,
2017
Fiat Funding Option Added to Kraken Exchange

Kraken adds support for wire transfers in US dollars and other fiat currencies. In addition to USD support, the digital currency exchange is supporting wire transfer deposits and withdrawals in euros and British pounds. The users will also be able to deposit their funds via the wire transfer through the SWIFT system. The withdrawal of funds in the fiat currencies will become available from April 24. It is a notable service update given the timing and the state of the global bitcoin exchange space.

Jihan Wu Convinced China Will Not Aggressively Regulate Bitcoin

Jihan Wu says the Chinese government’s regulation of bitcoin will not affect cryptocurrency investors. Bitmain co-founder Jihan Wu assumed that the People’s Bank of China may have very strong control over the price of bitcoin in the short term, because it can effectively cut the money flow involved in bitcoin trading. He added that potentially it can shut down all the Chinese bitcoin exchanges. However, Jihan Wu is sure that the Chinese government aims only to control the risk for those investors who don’t have enough knowledge about bitcoin, which will not result in very aggressive regulation.

EU Banks to Improve Wage Payment Solutions

Bitwage partners with European banks to achieve same day wage delivery services to its clients. Silicon Valley-based bitcoin payment claims to have implemented real-time transaction viewing and no deposit claims. All users receiving wages from EU companies will be able to see exactly when funds have been received by Bitwage without waiting for it to process payrolls. According to Jonathan Chester, president of Bitwage, the company launched the unique IBANs for all users receiving wages in the EU. Now they have real option for a direct deposit into any wallet of their choice.

Japan Develops Method for Assessing Blockchain

Japan’s ministry develops method for evaluating projects in the blockchain industry. The Ministry of Economy, Trade and Industry published details about the methodology, which was created by the Information Economy Division of the ministry's Commerce and Information Policy Bureau. The Ministry describes the process as a way to assess projects for a variety of use cases, while evaluating 32 necessary characteristics such as scalability, privacy and overall reliability. The creators of the methodology say it was developed to objectively weigh blockchain implementations. 

Disclaimer. This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

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