Thursday, October 25, 2018

Unocoin Arrest / Johnny Depp / Substrate 1.0 / Video Games

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

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1. Indian police have arrested the founders of Unocoin and confiscated a bitcoin ATM the company launched last week. Unocoin placed the ATM at a mall in Bengaluru last week as a way to let users exchange bitcoin. The Reserve Bank of India placed restrictions on bitcoin transactions earlier this year. Authorities said the ATM was set up without the proper licenses and broke numerous financial laws. –BITCOIN.COM

Unchain founders arrested over bitcoin ATM
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2. Actor Johnny Depp has partnered with TaTaTu, a cryptocurrency-centric social entertainment platform. Depp, working via his Infinitum Nihil production company, will work with TaTaTu to develop and produce film and digital content together. TaTaTu uses tokens to pay creators and users of content. It closed a $575 million token pre-sale this summer. –HOLLYWOOD REPORTER

Johnny Depp partners with cryptocurrency platform
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3. Next month, Parity will release Substrate 1.0 in beta, a technology that can let users set up a new blockchain in less than an hour. CEO Gavin Wood demoed the technology earlier this week in Berlin. Substrate will come as a standalone blockchain framework, which will allow developers to build highly advanced blockchains customized for any project. –TECH CRUNCH

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4. Gaming has shown potential as a real adoption point for blockchain. As the sector looks for its killer app to bring in new users, there is hope that may come in the world of video games. Gamers tend to be younger, open to new technologies, and the gaming sector itself can benefit from the blockchain. Platforms are already using blockchain to allow users to make in-game transactions and use new cases are expected to continue to be developed. –FORBES

Gaming may hold secret for larger blockchain adoption
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5. Quartz explores what happens to your bitcoin when you die – and no, you can't take it with you. –QUARTZ

6. Bitcoin's quiet month may be a sign that it has hit a price bottom. –BLOOMBERG

7. Bithumb will return 70 percent of the transaction fees its overseas users spent in the past month as an expression of appreciation for their support. –BITCOIN.COM

8. Newsrooms are turning to blockchain in search of a new business model. –COLUMBIA JOURNALISM REVIEW

9. Nearly 5 percent of Canadians now own bitcoin. –BITCOINIST

10. Here are the best litecoin wallets of 2018. –UNHASHED

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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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