Industry Watch 22 February, 2018

Nami | Daily Crypto News 22.02.2018

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Financial Times: Venezuela says ‘petro’ cryptocurrency raises $735m in first day

Venezuela says it has raised $735m in the first day of the pre-sale of its cryptocurrency, the petro, as the country economy is battered by hyper inflation and US sanctions.

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Forbes: With Its First-Ever ‘Blockchain Week,’ New York City Aims To Become Global Epicenter Of Crypto

In a bid to dethrone Silicon Valley as the king of emerging technology, New York City is announcing its first-ever “Blockchain Week,” which will run from May 11 through May 17.

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CNBC: Bitcoin exchanges add tech to make transactions 20% cheaper

Coinbase and Bitfinex, the two largest exchanges by U.S. dollar-bitcoin trading volume, are adopting a software called SegWit. The move should lower transaction fees by up to 20 percent, and speed up trading across the network, Bitfinex says. High transaction fees were a key reason for the “fork” from bitcoin into bitcoin cash.

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Coin Telegraph: Major Banks Partner With R3 Blockchain Alliance To Launch Pilot Trade Platform

A new trade finance platform created by R3 Blockchain alliance, TradeIX, and major banks enters pilot stage. The concept viability was proven during a continued testing in cooperation with ING, BNP and Commerzbank, according to Ivar Wiersma, head of innovation at ING Wholesale Banking.

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Forbes: The Future Of Banking: Cryptocurrency ATMs And Blockchain-Based Drones

As Bitcoin and other cryptocurrencies become mainstream, the crypto world is implementing traditional financial models. Bitcoin ATMs and “DroneATMs” are new concepts that can help solve banking barriers by allowing crypto holders to cash out their cryptocurrencies.

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Coin Telegraph: German Regulator Clarifies Obligations For ICO Operators Following Increased Interest

Germany follows Switzerland in clarifying obligations for ICOs under its jurisdiction following an increase in queries.

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Nikkei Asian Review: 669 cryptocurrency money-laundering cases suspected in April-December

Japanese police said Thursday they received reports on 669 cases of suspected money laundering linked to cryptocurrencies from virtual currency exchange operators between April and December.

The Edge Market: U.S. arrests operator of shuttered bitcoin investment platform

BitFunder founder Jon Montroll was arrested on Wednesday on federal charges that he lied to U.S. securities regulators to avoid taking responsibility for the theft by hackers of virtual currency now worth nearly $70 million.

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