Wednesday, July 4, 2018

Why bitcoin exists

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🇺🇸July 4, 2018 🇺🇸

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it."
– Thomas Jefferson

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THE FEATURE

Crypto Exchanges Are Suddenly Being Censored In Iran

"Every crypto exchange in Iran [has been] filtered since May."

That's how one Iranian bitcoin advocate, speaking on condition of anonymity, described a new wave of government censorship that has cut Iranians off from vital links to the crypto economy ahead of a scheduled renewal of U.S. sanctions in August and November.

Several Iranians exclusively told CoinDesk they are having trouble accessing crypto exchanges like Binance, Blockchain and LocalBitcoins, even with virtual private networks (VPNs) and other workarounds that were already commonplace because of international sanctions.

It's a scenario that highlights the complexities of censorship resistance – a country whose people are most in need of an economic lifeline are now ostracized from empowering services.

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Wait, there's more:

EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty
The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.

Bitcoin Remains On Hunt for $7K Despite Price Pullback
Bitcoin retains the short-term bullish bias despite the pullback from the 11-day highs.

UK Government Should Appoint 'Chief Blockchain Officer' Says Lawmaker
A lawmaker in the U.K. has called for the government to advance the use of blockchain in the public sector.

Among Blockchain-Friendly Jurisdictions, Malta Stands Out
Malta is writing laws for tomorrow's economy rather than trying to impose yesterday's rules upon it. Consider the way it is legally recognizing DAOs.

Binance Halts Trading Over 'Atypical' Crypto Transactions
Binance has suspended trading services after one token on its platform was reported with abnormal transactions.

Crypto Exchanges Are Suddenly Being Censored In Iran
Iranians using cryptocurrency to hedge against inflation have recently hit a roadblock, an apparent outage of domestic onramps to the market.

International Task Force Notes Use of Cryptocurrencies in Financial Crime
Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

VeChain Revises Roadmap to Address Token Swap Concerns
VeChain has changed its token swap timeline in response to pressure from token holders.

Blockstream Launches Tokenized Assets Tool on Liquid Sidechain
Blockstream unveiled a new feature that allows users to create custom tokenized assets secured on its Liquid sidechain.

Court Says India's Crypto Exchange Bank Account Ban Will Continue
India's central bank won a key victory in court this week.

Why Companies Need to Get on the Tokenization Train
EY's blockchain lead makes the case for enterprises to embrace tokenization and move away from simply treating blockchains like fancy notaries.

Bitcoin Price Builds Momentum for Push to $7K
The bullish falling channel breakout has opened the doors for a stronger rally towards the $7,000 mark.

Smartphone Giant Xiaomi Disavows ICO Token Pegged to Its Stock
An initial coin offering is selling a token that claims to be pegged to smartphone maker Xiaomi's stock price in its IPO next week.

Korea's Oldest Mileage Program May Convert Cash Points to Crypto
The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.

Bankers Tout Trade Finance as the Sweet Spot for Blockchain
London's Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.

Banks Conduct Cross-Border Trades on IBM-Powered Blockchain
We.trade, the blockchain-based financial trade platform jointly developed by nine European banks, has completed first live cross-border transactions.

Tether on Strings? Crypto Debates Fresh Round of Manipulation Claims
An investigative Bloomberg article raising concerns about market manipulation of tether on the Kraken exchange has sparked a social media firestorm.

Voorhees vs Schiff: Bull Meets Bear at NY Bitcoin Debate
Bitcoin will eventually come to replace government-backed fiat currencies, Shapeshift CEO Erik Voorhees argued at a debate Monday.

Crypto Valley Declares Blockchain Voting Trial a 'Success'
Zug, home of the "Crypto Valley" in Switzerland, has successfully completed its first test of a blockchain-based voting system.

UK Food Watchdog Trials Blockchain for Meat Inspection
The U.K.'s food watchdog announced its success in a pilot project tracking and monitoring data about meat on the blockchain.
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