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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Augur Launches its Second Version with Host of Major Integrations

After years in the making, decentralized, peer-to-peer (p2p) oracle and prediction market protocol Augur launched its long-awaited second iteration. “The Augur v2 protocol contracts have been successfully deployed to the Ethereum Mainnet,” said the announcement, with the contracts officially deployed. The second version comes with significant changes and integrations, including the p2p hypermedia protocol Interplanetary File System (IPFS), p2p network for sharing orders 0x Mesh, Uniswap’s oracle network, and MakerDAO’s DAI stablecoin “so that people could bet, effectively, in dollars,” as they said in a blog post. For example, “using IPFS means that the absence of no individual party can shut down client…

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DeFi Punches Above Its Weight As it Targets Bitcoin’s Thunder

As BTC volatility dropped, crypto investors are looking to altcoins and DeFi projects for yield. Some believe what is good for DeFi is good for BTC. DeFi and Bitcoin can coexist peacefully, with neither ‘eating into’ the market of the other. Decentralized finance (DeFi) is seemingly stealing Bitcoin (BTC)’s thunder. Aside from some minor movements, BTC has been noticeably un-volatile in recent weeks, while the total value locked into DeFi platforms has risen from USD 1bn at the beginning of June to over USD 3.77bn today. Some industry observers regard this…

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Legend of Mir Developer Plays For Success In Blockchain Gaming Market

Gaming companies in this ultra-competitive field have decided to bet big on blockchain technology. Wemade Tree targets the global market. Blockchain-powered Legend of Mir title is on its way. Regulations estimated to become “comparatively moderate.” When it comes to fast-growing businesses, very few can hold a candle to the gaming industry. Per data compiled by Newzoo, there were over 2.5 billion video gamers in the world in 2016. Just what four years and the coronavirus pandemic have done to these figures is anyone’s guess. But it would be safe to assume that time and…

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LG Shows off Blockchain-powered Farming System at Seoul Metro Station

South Korean electronics giant LG has created a very public showcase for its blockchain-powered food and agriculture traceability platform – at one of Seoul’s busiest subway stations. Per Paxnet, LG’s telecoms subsidiary LG U+ and its IT services arm LG CNS have teamed up for the venture, which will see the companies create a “smart farm” within Sangdo Subway Station. The station sits on Line 7 of the capital’s subway system and is located in Dongjak, an affluent south-central region of the South Korean capital. The smart farm will be kitted out with the latest in high-tech…

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NFTs on Samsung, Taxing Crypto Loans, BTC Transaction Risk Score + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. NFTs news The makers of the blockchain-powered VR game Decentraland (MANA) said that their Marketplace app has been added to the Samsung Blockchain Wallet, a feature of Samsung’s most recent smartphone releases. Per an official post, Decentraland stated that the move would “allow the safe storage of non-fungible tokens (NFTs)” as well enabling trading for its LAND in-game currency and Decentraland NFTs. Tax news While borrowing and lending dollars doesn’t typically result in…

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Is There A World Beyond YouTube for Crypto?

The relationship between the communications giant Google and the cryptoasset industry can be characterized as somewhat antagonistic. Now, its video-sharing platform, YouTube seems to be on the offensive, de-platforming some crypto-related content creators, leaving them looking for viable alternatives. No tube for you As early as 2019, reports began to emerge from content creators within the cryptosphere who claimed that they were receiving warnings from YouTube about the content in their videos. In many cases, videos were removed, forcing the content creators to appeal the decision. In more extreme cases, some content creators found their…

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US Secret Service Creates Finance-Related Cybercrime Task Force

The Cyber Fraud Task Force created by the U.S. Secret Service aims to combat the growing trend of cybercrimes related to financial matters. The U.S. Secret Service announced the creation of the Cyber Fraud Task Force, or CFTF on July 10, after merged its Electronic Crimes Task Forces and Financial Crimes Task Forces into a single network. According to the official announcement, the Secret Service had been planning over two years to create a unified task force to combat cybercrimes related to the financial sector and fight things like ransomware…

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