Russian Lawyers Warn E-pay Laws May Have Knock-on Effects for Bitcoin

A new Russian law banning anonymous fiat deposits in e-pay wallets like PayPal may have an effect on crypto users, legal experts in the country have warned. A new law governing digital payment systems came into force in Russia on August 3. The law forces operators such as PayPal and domestic rivals Yandex.Money, QIWI and WebMoney to block their customers from topping up their accounts anonymously. Many Russians have used payment terminals and cellphone operator-provided platforms to top up digital wallets. Moscow said it has introduced the law in an effort to fight the financing of terrorism,…

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‘Coca-Cola Bottling Harbor’ To Use Baseline Protocol & Ethereum Mainnet

CONA (Coke One North America), builder of apps on blockchain Provide and enterprise blockchain solutions developer Unibright have launched a project which uses the Baseline Protocol and the Ethereum (ETH) mainnet. It’s meant to establish a “Coca-Cola Bottling Harbor” which “baselines” Coca-Cola’s bottling supply chain. CONA is a platform that provides tools to the twelve largest Coca-Cola Company bottling partners in North America in order for them to collaborate as one company. In 2019, several North America Coca-Cola bottlers adopted, and CONA implemented, a blockchain platform based on distributed ledger framework Hyperledger Fabric, running on the SAP BaaS…

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XRP Jumps As Ripple Sees Stronger Demand From Institutions

After a decline in its sales of XRP tokens in the first quarter of the year, the California-based fintech firm Ripple sold more in the second quarter thanks to demand from institutional buyers. Ripple’s total XRP sales ended at USD 32.55m for the second quarter, versus USD 1.75m for the first quarter – a more than 18x increase, the company said yesterday. It had continued the previously reported pause in so-called “programmatic sales” of XRP – essentially meaning open market exchange sales – and instead shifted all selling activities to over-the-counter (OTC) markets. The shift is part of…

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Bitcoin and Altcoins Signaling Fresh Rally

Bitcoin price is gaining traction and it is back above USD 11,200. Ethereum is approaching the USD 400 resistance, XRP might breach USD 0.320. LINK is up more than 10% and it traded above the USD 9.400 level. Bitcoin price is forming a strong support base above the USD 11,000 level. BTC is rising steadily and it is currently (08:30 UTC) trading above USD 11,200. If there is a clear break above USD 11,450, the price might accelerate higher towards the USD 12,000.Similarly, most major altcoins are moving steadily in…

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Here is the Best Time of Day to Save on Ethereum Gas Prices

The Ethereum (ETH) blockchain doesn’t sleep, but people do – and this means that the time of day can be used to one’s advantage to pay lower transaction fees. “In order to save on gas prices, the best time is to submit our transaction is the early weekend morning Singapore time and the worst time is on Thursdays at around 8 PM [12 PM UTC] , Singapore time,” according to Marco Marchioro, chief scientist at blockchain startup DEXTF. Marchioro noted that there are more transactions during the Asian daytime, meaning that one can save on…

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How a South Korean Crypto Firm Became a Global Face Mask Exporter

A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval from American health authorities. Back in March, Cryptonews.com reported on Pandagram – the issuer of a blockchain mainnet and a native token. At the peak of the crisis, the firm set up a mask factory in Gunpo, Gyeonggi Province – on the outskirts of Seoul. The firm used…

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Hack Forces Travel Company to Pay USD 4.6m in Bitcoin Ransom

A recent hack of a major travel management firm has reportedly left attackers with USD 4.6m worth of bitcoin (BTC), after the company on July 28 was forced to pay to restore access to internal files, Reuters reported, citing a record of the ransom negotiations. The attack targeted up to 30,0000 computers belonging to the US-based travel management firm CWT with a type of ransomware known as “Ragnar Locker” that encrypts all files on a computer, rendering them useless until a ransom is paid, the report said. And although the travel firm did shell…

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Coinbase Blames Performance Issues on Ethereum Fee Spike

After the massive ethereum (ETH) rally and subsequent dump on Sunday that forced Coinbase to once again suffer from “degraded performance,” the exchange now said that it was “a spike in transaction fees” on the Ethereum network that caused delays for users attempting to move funds. Today, the major US-based exchange said it constantly monitors fees required to process transactions on the various blockchain networks in order to help customers make withdrawals using the appropriate fee level. And while monitoring the fees, Coinbase said it first noticed a spike in transaction fees on Ethereum at around 04:45 UTC…

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Bitcoin and Altcoins Remain In Uptrend Despite Setbacks

Bitcoin price is holding the USD 11,000 support, with a bullish bias. Ethereum is back above USD 380, XRP might accelerate once again above USD 0.300. Many altcoins are up over 10%, including MCO, REN, OCEAN, SXP, LUNA, and FXC. This past week, there was a significant upward move in bitcoin price above the USD 11,000 and USD 11,500 resistance levels. BTC even spiked above USD 12,000 before correcting lower sharply. It is currently (08:30 UTC) trading above the USD 11,000 level and it seems like the bulls are aiming…

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Communities Are Vital For Crypto Projects But Might Become Less Important

Some communities add genuine value to their cryptos, while others simply functioning to pump a coin. After a critical mass of people use a project, the community does not matter that much. There are multiple Bitcoin communities already. It’s common for people to talk about communities in crypto. We hear talk of the ‘Bitcoin community,’ the ‘Ethereum community’ and so on, but how important are such ‘communities’ to the development and success of their related crypto projects? They’re very important, according to various crypto industry figures who’ve spoken to Cryptonews.com. They provide a…

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