The council works on amendments and approvals of decrees related to innovative technologies in the Republic of San Marino. This small enclave nation enclosed by Italy wants to be among the first states to regulate and approve blockchain and its far-flung applications. The decree also aims to revive the country’s economy and promote its high-tech profile.
The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is not such a bad thing since institution of such legal actions is suitable at this moment taking into consideration the legal and policy matters originating from the suggested rule amendment.
Whale Alert, a twitter account that automatically and manually records weighty cryptocurrency transfers for the social media platform ecosystem, uncovered that just over $250 thousand of stolen Ethereum (ETH) from the hacked New Zealand (NZ)-based cryptocurrency exchange Cryptopia, finally moved on Tuesday May 21.
Park Won-soon, mayor of Seoul, revealed plans to use futuristic technologies including blockchain, cryptocurrency, artificial intelligence (AI), distributed ledger technology (DLT), local news outlet Queen.co.kr reported.
The United States (US) Securities and Exchange Commission (SEC) postponed another VanEck Bitcoin ETF approval, as per an authorized SEC filing on Monday. The US SEC, one of the agencies in charge of implementing federal securities law, as well as regulating the securities sector, stock and exchanges such as digital securities markets, said that it still needs time to collect more key information.
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Blockchain is one of the best alternatives to databases managed by third parties. The potential of the technology for Italy’s Agrifood sector is formidable and powerful.
The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), and his team gave a recap of the security incident that happened on May 7, an event that saw the exchange lose more than $40 million (7,000 BTC) from their Bitcoin hot wallet.
Awareness and interest among Italian citizens, companies and institutions, is increasing steadily, but experimentation is not growing. The finance sector knows advantages of new hi-tech frontiers, like open banking, Bitcoin (BTC), smart contracts, artificial intelligence (AI), cryptocurrency, internet of things (IoT), blockchain and distributed ledger technology (DLT). Albeit, hazards, risks, technical difficulties and lack of necessary skills are major hindrances of growth and development of innovations in the country.
The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.
mBitcasino, the top brand in cryptocurrency gaming is making a huge announcement – EUR, CAD, AUD, USD, RUB, and JPY are now available for deposits and withdrawals. Through these currencies, players now have access to over 1500 additional games. Opening its virtual doors to FIAT currency is a stepping stone for the famous casino that was one of the first kids on the block, and new and existing players stand to be rewarded royally with this new addition.
A lot of agricultural projects in Italy have difficulty accessing credit and lack technological skills. Help could come from startups and from blockchain technology which promises to significantly change the future.
In an effort to fight modern slavery in supply chains, major companies are exploring and experimenting with blockchain and distributed ledger technology (DLT). Ascertaining whether products especially minerals including cobalt, gold, copper, etc., are obtained and produced decently is very hard when it comes to supply chains since it is a complex process.
BitMax.io (BTMX.com) is an industry-leading next-generation digital asset trading platform that has rapidly expanded to more than 150,000 registered users in the last quarter. It has built pristine reputation in the industry by listing of pre-screened high-quality blockchain projects and offering active trading with deep liquidity.
Bahamas plans to introduce strong regulations for token and cryptocurrency sales, intending to make the country a better place for digital currency and blockchain businesses. The Securities Commission officially filed a draft of the bill back in March seeking to regulate token offerings that are not considered securities.