Today in the news:
- The 17 Millionth Bitcoin has just been mined. 4 millions to go!
- The Philippine government is welcoming nearly a dozen cryptocurrency companies to operate in a special tax-friendly economic zone.
- The Spanish bank BBVA becomes the first global bank to issue a loan using Blockchain technology.
- South Korea’s Deputy Minister of Strategy and Finance stated that the cryptocurrency market is growing exponentially, gaining stability and could threaten the foundation of the traditional fiat system.
- Nexon Korea has denied that they are in talks to acquire Bitstamp.
- And more crypto news below...
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Latest Crypto News - April 26, 2018
Bitcoin Risks Deeper Pullback After Drop Below $9K
After an overnight drop, bitcoin looks to have found acceptance below $9,000 and risks a deeper pullback, the technical charts indicate.
Read more: www.coindesk.com
The 17 Millionth Bitcoin Is About to Be Mined: What It Means and Why It Matters
Bitcoin's limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined today.
Read more: www.coindesk.com
Philippine Gov’t To Allow Country’s First Crypto Businesses In Special Economic Zone
The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.
Read more: cointelegraph.com
More sources:
- Philippines to allow cryptocurrency operators in economic zone
- Philippines Welcomes Crypto Economic Zone
- Philippines Legalizes Cryptocurrency Exchanges in Economic Zone
“We Stand by Our Commitment with the Ethereum Ecosystem,” Says Gavin Wood of Parity
“We are early pioneers in a new industry where software is money, and one oversight can cost millions… Making mistakes has changed and matured us… All of us at Parity Technologies are deeply sorry… Let us make clear: we have no intention to split the Ethereum chain.” So says Parity in a just published statement following the final results of an eth holders vote that rejected a proposal to restore 500,000 eth accidentally frozen due to a multi-sig bug.
Read more: www.trustnodes.com
More sources:
Spanish BBVA Becomes First Global Bank To Issue Loan Using Blockchain
Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology.
Read more: cointelegraph.com
More sources:
South Korean Government Official Says Crypto Questions Foundation of Fiat System
South Korea’s Deputy Minister of Strategy and Finance, Kim Yong-jin, stated at a financial conference held at InterContinental Seoul that the cryptocurrency market is growing exponentially, gaining stability and could threaten the foundation of the traditional fiat system according to a report in the Merkle.
Read more: www.coindaily.co
More sources:
The Impact of Upcoming Cryptocurrencies on the Financial Industry
Blockchain technology is already beginning to have a massive effect on the financial industry. With established cryptocurrencies like Bitcoin, you get a secure store of value, trustless peer-to-peer payments, and complete monetary control. Other upcoming cryptocurrencies are making significant impacts as well. As these and more cryptocurrencies continue to improve the finance sector, it won’t be long before our current financial infrastructure is a thing of the past.
Read more: coincentral.com
Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp
Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25. The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln.
Read more: cointelegraph.com
China Pins Hopes On Blockchain Technology For Government Audits
The National Audit of the People’s Republic of China, the country’s supreme audit institution, is pinning high hopes on blockchain technology as a way to improve government auditing functions.
Read more: www.ccn.com
More sources:
Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche
This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million.
Read more: www.ccn.com
Samsung Sets Q1 Profit Record with Crypto Mining Boost
Samsung Electronics has reported 58 percent year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.
Read more: www.coindesk.com
German Securities Trading Bank Reportedly Becomes First In Country To Trade Crypto
VPE WertpapierhandelsBank AG (VPE), a German securities trading bank, has partnered with Berlin-based technology company solarisBank to launch a cryptocurrency trading service for institutional investors.
Read more: cointelegraph.com
More sources:
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