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Messages - newsatbravenewcoin

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Bitcoin has been trading between $1114-887 this week, according to the BLX, in extremely volatile market conditions with intense bearish momentum. The Network Hashrate gained 3.24% on March 3rd, and has increased 42.48% year to date.

Australia Post recently joined an initiative to combat the rise of counterfeit food being sold across China. The company joins Chinese e-commerce juggernaut Alibaba and nutritional supplement maker Blackmores. The project aims to track food from, “paddock to plate.”

I was recently hauled up over saying that [censored] (WU) was being disrupted by FinTech. The words that a reader took issue with are, "The high fees of [censored] and other remittance providers were fairly punishing … until FinTech came along."

ACI Worldwide recently announced a partnership with Payment21. ACI Vice President Andy McDonald said that the partnership will enable their clients to offer bitcoin payments, “without exposing their merchants to price volatility.”

The second development team to release a working version of a Lightning Network, Acinq, recently announced their lightning alpha client, Eclair 0.2-alpha1. Named after the french word for Lightning, the release includes a Graphical User Interface (GUI).

Bitcoin China (BTCC) recently announced the launch of Mobi, a multicurrency wallet for smartphones running iOS and Android. In addition to allowing conversion between an unprecedented 154 currencies, the wallet offers instant money transfers to any Twitter account or mobile phone number, as well as an optional Visa debit card delivered to your door worldwide for US$9.

Bitcoin’s block size debate is seeping into the mainstream press, the Wall Street Journal states that the “bitter split in the developer community behind the virtual currency threatened to literally break it in two.” The article echoes statements made by investors such as Vinny Lingham, the Civic CEO and Gyft co-founder, who states “I’ve been very surprised with the amount of vocal support for a Bitcoin Hard Fork.”

Just two days after Gyft founder and Civic CEO Vinny Lingham’s warning about a Bitcoin hard fork devastating bitcoin’s value, 21 different Bitcoin exchanges have clarified their position on Bitcoin Unlimited trading. The exchange coalition stated in a hard fork contingency plan that they will trade any Bitcoin Unlimited cryptocurrency alongside bitcoin.

Aside from the ETF, this week’s big conundrum was the increasing support among large Chinese miners for Bitcoin Unlimited, a counter proposal to Segregated Witness (SegWit), spearheaded by Roger Ver, which would remove the block size cap entirely through a hard fork.

Trading in Ethereum’s digital currency, Ether (ETH), briefly surpassed bitcoin for the first time on Thursday afternoon. The trading preceded an eight percent price drop in Bitcoin, plunging from $1,222 down to $1,132 before recovering to $1,180 in the afternoon.

Since the rise of the internet, big data is becoming the bedrock of the economy. Billions of decisions are being made everyday based on data. Not only is it evident that appropriate security measures are not in place, those that do attempt to secure their data pose little deterrence to cyber attackers.

The European Parliament recently published a report detailing amendments to the Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. "Virtual currencies are a marginal phenomenon at present,” the Parliament states, “it is possible that they will become increasingly important."

The current implementations of distributed ledger technology clearly are not the Blockchain that underpins the virtual currency Bitcoin. The tools and platforms such as the offerings from Digital Asset Holdings and R3 Corda are offered as a pragmatic answer to a set of current business, technological and regulatory challenges. By implementing the appropriate use cases, firms can avoid the current challenges exhibited by the Bitcoin example – including scalability, latency and privacy – that make the current public Blockchain model a non-starter for banks.

The Ontario Securities Commission (OSC) announced on Wednesday that Canadian businesses using blockchain technology in their financial products or service offerings may be subject to Ontario securities law requirements.

The announcement states the many uses of distributed ledger technologies (DLT), such as blockchain, have the potential to increase transparency and efficiencies in our capital markets. “We are keen to support this type of innovation," said Pat Chaukos, Chief of the OSC LaunchPad.

The U.S. Securities and Exchange Commission (SEC) made history on Friday by disapproving the Bats BZX Exchange filing to list and trade shares of the Winklevoss Bitcoin Trust. The shares, representing 0.01 BTC, would have tracked the price of bitcoins on the Gemini Exchange. The digital-asset exchange is owned and operated by the Gemini Trust Company, which would have owned the equivalent share value in bitcoins.

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