Koles Coin News: Cryptocurrency News Videos, Mar 20

Mar 20, 2017 at 10:44 // KCN Videos
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Blockchain-powered government in Dubai

Dubai to become a new "blockchain-powered government". At a press conference at Emirates Towers Hotel today, the city's innovation arm Smart Dubai, announced that IBM is going to collaborate with as "blockchain strategic partner". It was also noted that Brooklyn-based ethereum startup Consensys, in its turn, will be a blockchain city advisor of Dubai. The collaboration is focused on adoption of blockchain systems by government and leveraging the technology as part of a city-wide push to modernize by 2020. ZEina El KaissI, head of business development at Smart Dubai, noted: "If we can address 10 to 15 experiences and transform them via blockchain over the next two to three years, that would be huge."

Norwegian criminals to pay fine in bitcoins

A fine in bitcoins from State. The prosecutor's office of Norway imposed a fine on drug dealers. 120 bitcoins and 3 million and 100 thousand Norwegian kroner have to pay criminals. In June 2015, norwegian police arrested criminals who used the anonymous trading platform Silk Road. Since the arrest, the bitcoin rate has grown significantly, so the cost of the fine is much higher today than in 2015. The court's decision is expected at the end of 2017. Prosecutor Beck Pedersen commented the local press that setting a precedent does not mean that the state recognizes bitcoin as a legitimate payment facilities.

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