Industry Watch 4 March, 2018

Nami | Daily Crypto News 04.03.2018

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Coindesk: Russia Eyes Summer Deadline for New Cryptocurrency Laws

Russia is reportedly hoping to pass long-discussed new cryptocurrency legislation by July 1, a report suggests.

Korean Times: Ecosystem needed for cryptocurrencies trading

Cryptocurrencies are currently in a legal gray area, but they should be institutionalized and investors should be protected, experts say. They agree that reckless regulation will make Korea fall behind the global trend.

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Coin Speaker: Ripple Partners with Cambridge Global Payments on xRapid

The pilot program of the platform which allows payment providers to minimize liquidity costs is expected to be launched by the FLEETCOR-owned company.

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Coin Telegraph: Privacy Altcoin Zcash Announces First Network Update, ‘Not Expected’ To Be A Fork

Privacy-oriented cryptocurrency Zcash just announced Overwinter, its first “software-updates-required” network upgrade.

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Coin Telegraph: Germany Won’t Tax Cryptocurrencies Used To Make Purchases

The German Federal Ministry of Finances has decided not to tax cryptocurrencies when used as a means of payment.

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Coin Telegraph: Dubai To Launch Blockchain Marketplace For Tourism Industry ‘To Be 10 Years Ahead’

Dubai will be launching a B2B virtual marketplace for the tourism industry by 2020, as part of the Dubai 10x initiative.

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SCMP: The big bitcoin heist: 600 powerful computers worth US$2 million stolen from Iceland centres

Some 600 computers used to “mine” bitcoin and other virtual currencies have been stolen from data centres in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation. Some 11 people were arrested, including a security guard.

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Bloomberg: Stolen Coincheck Cryptocurrency Traced to Canada: Researcher

Some of the funds stolen from Coincheck Inc. in the $500 million heist have been traced to a cryptocurrency exchange in Canada, according researcher BIG Blockchain Intelligence Group Inc.

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