Friday, October 26, 2018

Political Contributions / Alibaba Blockchain / House of Nakamoto

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. There are at least 20 political candidates running in the mid-term elections that have accepted bitcoin donations. While the Federal Election Commission has allowed bitcoin donations since 2014, the rules for state officials differ based on the jurisdiction. Even though national candidates can accept bitcoin, the currency's anonymity has raised questions about who exactly is donating to certain political candidates. –POLITICO

Bitcoin playing role in midterm elections
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2. Alibaba Cloud's Blockchain-as-a-Service is now available worldwide. The solution launched just in China last August. The company said it has already successfully developed blockchain applications in a number of sectors, including government, logistics, and healthcare. Alibaba has aggressively pushed to create blockchain technology, rivaling IBM for the most blockchain-related patents in the world. –THE STACK

Alibaba blockchain service available globally
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3. The House of Nakamoto has opened a new store in Amsterdam. The project helps newbies enter the cryptocurrency world, teaching them about electronic money and giving them a starter kit with a hardware wallet loaded with digital coins. The company also sells what it calls "bitcoin securities" that look like paper wallets with a bitcoin address and the corresponding private key. The first House of Nakamoto was established in Vienna in early 2017. –BITCOIN.COM

House of Nakamoto opens in Amsterdam
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4. The four largest agriculture companies in the world have partnered on a blockchain-based platform to trade grain. The companies, known collectively as ABCD, believe blockchain will make trading more efficient and transparent, along with reduce costs. The conglomerate previously relied on paper contracts, invoices, and manual payments. –COIN TELEGRAPH

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5. WePower Blockchain has piloted a program to tokenize Estonia's energy grid. –THE-BLOCKCHAIN

6. If you bought $1,000 worth of bitcoin five years ago, it would be worth about $6,400 today. –CNBC

7. Bitcoin's white paper should be seen as a constitution, an analyst writes, since it sets the principles all other cryptocurrencies are based upon. –COINDESK

8. Coin Telegraph does a wonderful job explaining why the Constantinople upgrade will be so difficult to implement. –COIN TELEGRAPH

9. Bisq will launch a decentralized autonomous organization, which will serve as software designed to manage compensation for contributors to the project's code. –COINDESK

10. Stablecoins continue to be built on the ethereum blockchain, mainly because that makes them more compatible with other chains. –BITCOIN EXCHANGE GUIDE

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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