Industry Watch 24 February, 2018

Nami | Daily Crypto News 24.02.2018

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The Guardian: UK MPs launch inquiry into digital currencies amid cybercrime fears

Treasury committee chair Nicky Morgan says MPs will consider whether the currencies should be subject to regulation. A powerful committee of MPs is launching an inquiry into bitcoin and other digital currencies over fears that cryptocurrencies could lead to increased “market volatility, money laundering and cybercrime”.

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Bitcoin Magazine: Nokia Launches Blockchain-Powered IoT Sensing as a Service for Smart Cities

Nokia is launching a set of services, based on Internet of Things (IoT), data analytics, and blockchain technologies, for economically and environmentally sustainable “smart cities.”

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Fortune: Venezuelan President Asks Banks to Mine the National Cryptocurrency. Unions are Aghast.

Venezuelan president Nicolas Maduro is doubling down on his support for the Petro, encouraging the country’s banks to mine and use the recently-launched national cryptocurrency.

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Coin Desk: Video Game Giant Ubisoft Is Exploring Blockchain Use Cases

Ubisoft, the company behind Assassin’s Creed and Just Dance, is exploring applications of blockchain for video games.

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Coin Telegraph: Polish Ministries Of Foreign Affairs And Finance Refute Interest In Venezuela’s Petro

Poland’s Ministry of Foreign Affairs and Ministry of Finance have both denied claims that the country had expressed interest in trading in the Venezuelan Petro.

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Times: Elon Musk Just Revealed the Surprising Amount of Bitcoin He Owns

Elon Musk just revealed how much Bitcoin he owns. And it’s not a lot. “I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago,” Musk said in a tweet on Thursday.

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Bangkok Post: Bangkok Bank halts TDAX activity

Bangkok Bank has become the first domestic financial institution to halt transactions involving trading of cryptocurrencies with the Thai Digital Asset Exchange on the grounds that TDAX’s business operations are not in accordance with its business purpose registered with the Commerce Ministry.

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Forbes: What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions

60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions.

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