Blockchain Patent For Crypto-Powered Electrical Grid Awarded To Walmart

News | June 15, 2018 By:

Retail giant Walmart has won a patent for an electrical grid that will be powered by bitcoin or other digital currency.

The patent, which was awarded by the US Patent and Trademark Office (USPTO) earlier this week, is for a system designed to help companies better manage energy consumption and regulate demand on an electrical grid using blockchain or another type of distributed ledger.

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Norway’s Norges Bank Considers Developing Central Bank-Issued Cryptocurrency

News | May 24, 2018 By:

Norges Bank, the central bank of Norway, has published a paper that explores the possibility of developing its own digital currency.

The report, prepared by the central bank’s working group, stated that a decline in cash usage has prompted the bank to think about whether at some future date a number of new attributes that are important for ensuring an efficient and robust payment system and confidence in the monetary system will be needed.

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Excessive Regulation Could Constrain The Crypto Industry, Says EU Banking Authority Chair

News, Regulation | March 12, 2018 By:

Andrea Enria, the chief executive of the European Banking Authority (EBA), said that he has “yet to be convinced” that cryptocurrencies should come under the full scope of regulation.

Speaking at the Copenhagen Business School on Friday, Enria said that bringing FinTech firms under the same supervisory umbrella as banks just because they compete in some of the same sectors is not the right answer.

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Crypto Exhanges Monitored By Australian Financial Intelligence Agency

News, Regulation | December 11, 2017 By:

The Australian government has passed a new law that would regulate the activities of digital currency exchange service providers in the country.

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017, first filed with the Australian parliament in August, expands the scope of the Act to include regulation of digital currency exchange providers;

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Luno Adds Ethereum Support

Announcements, Now Accepting | November 9, 2017 By:

Luno, formerly BitX, has added support for ethereum in addition to bitcoin. Users that have verified accounts on Luno will be able to buy, sell, send, receive and store the cryptocurrency. Trading option will be available soon.

Luno is a global digital currency company with a team of over 40 technology and finance experts,

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Bitfinex to End Services in the US Next Month

Announcements, News, Regulation | October 20, 2017 By:

Hong Kong digital currency exchange Bitfinex , the third-largest by volume, will terminate all services for US customers by November 9. The exchange has urged all US-based customers to withdraw their holdings before the deadline.

In August, Bitfinex announced it was canceling service to US customers on its platform because of impractical regulations and policies imposed by the US Securities and Exchange Commission.

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