Inshorts

Agustin Carstens, the highest rank of the National Bank of Mexico stated about bitcoin. Carstens said bitcoin is more commodity than currency and added that there is nothing to ensure its accounting in a financial system. According to him, since bitcoin is not supported by neither the government nor the Bank of Mexico, it does not fall under existing currency definitions. In addition he warned about the issue of cybersecurity and underlined that the security of users must be ensured. Lastly he remarked the authorities will soon propose legislation to regulate financial technologies, such as cryptocurrencies.

Malta forms a national blockchain strategy. According to maltatoday, it is planned to organize advisory council which will include up to seven consulting companies. The Maltese government, which approved the blockchain strategy in April 2017, is currently getting a draft roadmap ready that will allow to gradually integrate a distributed ledger technology into the governmental structures and will contribute to the development of the digital economy. The head of the taskforce will be Vincent Muscat, the permanent secretary in the parliamentary secretariat.

Blockchain discussion. On September 6-7, Eastern Economic Forum took place in Vladivostok, Russia. As coinidol reports, the future of blockchain and new technologies in the financial sector were discussed on the forum. Boris Titov, Presidential Commissioner of the Russian Federation for the Protection of Entrepreneurs’ Rights commented on both ICO and mining issues in Russia. He said, they believe that mining should be allowed and regulated in Russia because today, their new mining companies’ chips allow mining rigs that would automatically take tax percentages in the currency that is mined. He also pointed that they have to legalize ICOs, unlike China; they think that prohibiting ICO is wrong.

The Pirate Bay torrent tracker is engaged in Monero mining through users' computers. As newsbtc informs, on September 16th many site visitors have noticed an overload of the processors usage while visiting a torrent tracker. It has turned out that the Pirate Bay creators was testing a script embedded in the site. The lines of JavaScript code, which allows to use the power of user processors for the Monero cryptocurrency mining, were written into the footer of the tracker. As the Pirate Bay representatives claims, they were trialing the alternative revenue solution instead of advertising and the script was located on the site for only one day period.

As cryptocurrencies and blockchain technology are used in more fields, their security matters likewise. The coinidol touched upon this matter that over the past couple of weeks, 400 thousand dollars ended up in the hands of hackers. For example, 973 ether were stolen from one of the Jaxx users, who had a rooted device meenıng that hacker can access the root folder and access your files, download apps and restore your private key, and so on. CTO of Jaxx, Nilang Vyas warns about it and says that never have funds been lost on any of their production due to an issue on their end and also he adds keeping the wallets safe with a few steps wıll ensure users will have no problem on the security issues.

5% cryptocurrency will survive in the blockchain-revolution. This will happen despite the fact that it will mainly affect the field of marketing and advertising, the report of the analytical company Never Stop Marketing says, VentureBeat reports. "If you have a basic understanding of the potential of blockchain technology - that it destroys the need for intermediaries - and a basic understanding of the current value-building cycle (44 cents from each $ 1 are spent on intermediaries), it is pretty obvious that the ripe for the transformation of the industry - it's advertising technology, "- said the head of Never Stop Marketing Jeremy Epstein. Later, he added that in his opinion, in the end, the blockchain would become a normal market.

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More cryptocurrencies in daily lives. Now car lovers can also purchase luxury cars via Bitcoin. The latest example came from California, USA. As UK Daily Mail reports, an automobile gallery in California accepts Bitcoin from those who would like to buy their Lamborghini. The gallery announced that the payments would be accepted through BitPay. Nevertheless, this significant development doesn’t mean that Lamborghini as company accepts Bitcoin, but only the representative does.

TV star and heiress of famous hotel chains, Paris Hilton has joined the fury of participation of a token sale. As coindesk cites, Hilton wrote on her Twitter account and tagged a token on a photo that she is eager to participate the token sale. Hilton did not forget to add that this was not an advertising. As already known, some famous figures made similar attempts on the social medias, such as Floyd Mayweather, the famous boxer, and Luis Suarez, a famous football player. As the technology is used in various fields, the celebrities may use it for trademark or investment.

Disclaimer. These videos are 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. 

Reserve Bank of India launches a blockchain platform in order to use the technology as the basis for a digitization of the rupee. According to thehindubusinessline.com, The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India (RIB) announced the new development that in the long term, blockchain technology can be used to digitize Indian rupees, as the technology mostly researched in the banking and financial industry. The head of IDRBT, Dr. Ramasastri, also acknowledged that they are launching the platform very soon. The institution has also applied for three patents, in the field of cybersecurity, cloud computing and analytics.