Switzerland – a country famous for its banks – is voting on one of the boldest monetary reforms ever devised. If passed, the Vollgeld Initiative will amend the Swiss Constitution to destroy fractional reserve banking, which may have significant implications for the world’s financial systems.
<h1>Coinbase Acquires Keystone Capital, Eyes Blockchain Securities Market</h1>
Coinbase has acquired three California-based companies in an effort to not only expand its business, but to achieve regulatory compliance as the cryptospace strives for mass adoption.
<h1>Putin: ‘Russia Cannot Have Its Own Cryptocurrency’</h1>
Amidst a national narrative in which cryptocurrency is sometimes endorsed and sometimes disparaged, President Vladimir Putin has confirmed at least one emerging truth about cryptocurrency moving forward in the Russian Federation.
<h1>South African Reserve Bank Publishes DLT Results From Project Khokha</h1>
South Africa’s central bank has published the findings of a 14-week distributed ledger project that simulated interbank transfers between itself and the commercial banking community within South Africa.
<h1>Parity Acts Quickly To Patch Ethereum Bug</h1>
A team of developers from Parity Technologies has patched a consensus bug and released updated software.
<h1>NTIA Seeks Blockchain Expertise From US Entrepreneurs</h1>
The US government agency responsible for oversight of the telecommunications industry has put out a call for all “interested stakeholders” to submit ideas for improving the industry through digital advancements.
<h1>Chinese Media On Blockchain: ‘Second Phase Of The Internet’ Will Be ‘10X More Valuable’</h1>
An international panel of experts recently addressed audiences of China Central Television in an educational segment aimed at explaining the benefits and drawbacks of blockchain technology.
<h1>ETHNews Exclusive | Gavin Wood On Polkadot, A Broken Internet, And The Future Of Crypto</h1>
“The web is broken,” says Gavin Wood. Can the blockchain interoperability protocol Polkadot help fix it?
<h1>President Xi Jinping Highlights Blockchain In Speech To Chinese Academy Of Sciences</h1>
While describing a “new round of scientific and technological revolutions,” Chinese President Xi Jinping noted the importance of blockchain technology in a speech delivered to scientists and engineers earlier this week.
<h1>China Recovers $267.5M In Successful Prosecution Of Multiyear OneCoin Ponzi Scheme</h1>
An investigation into a Chinese cryptocurrency pyramid scheme has culminated in several successful prosecutions, as well as the recovery of hundreds of millions of dollars worth of yuan.
<h1>Subcommittee Of South Korean National Assembly Wants To Allow ICOs</h1>
On Monday, the special committee on the fourth industrial revolution urged the National Assembly to regulate ICOs rather than allow them to be banned without exception.
<h1>Emin Gün Sirer On Why Team Rocket’s New Consensus Algorithms Are Legitimate Breakthroughs</h1>
Sometimes computer science breakthroughs emerge in laboratories. Sometimes they get emailed to the InterPlanetary File System team by anonymous computer geniuses.
<h1>DOJ And CFTC Reportedly Investigating Cryptocurrency Price Manipulation</h1>
Four unnamed sources with access to information about current US Department of Justice investigations have provided details of an ongoing joint investigation between the department and the CFTC into cryptocurrency price manipulation.
<h1>Bank Of America Issued US Patent For Blockchain Security Regulated By Time, Tagging, And Tokens</h1>
Bank of America has been granted a patent by the US Patent and Trademark Office for a system that uses time and native security tokens to control access and security for subcomponents of blockchains.
<h1>Taiwanese Parliament Forms Coalition For Blockchain</h1>
Lawmakers in Taiwan have formed a coalition to drive the growth of blockchain technology and cryptocurrency on a national level.
<h1>MUFG Bank Reconfirms Development Of MUFG Coin</h1>
Japan’s largest bank has reaffirmed it is developing an in-house cryptocurrency. “MUFG Coin” could be released as early as 2019.
<h1>Supreme Court Of India Bars Further Petitions Related To Cryptocurrency Ban, To Issue Ruling In July</h1>
Acceding to the Reserve Bank of India, the Supreme Court of India has barred lower courts from hearing any more petitions pertaining to cryptocurrency. The Supreme Court will hold a hearing in July that will likely determine the fate of cryptocurrency in India.
<h1>Parity And Web3 Foundation Launch Polkadot PoC-1</h1>
Polkadot’s PoC-1 proof of concept is now live. The platform has been designed to enable blockchains to scale, adapt, and communicate with one another.
<h1>Team Rocket Drops ‘Breakthrough’ Family Of Consensus Algorithms On IPFS</h1>
A mystery team, apparently possessing vast expertise and aptitude in distributed ledger technologies, has released a whitepaper describing a suite of new consensus algorithms inspired by epidemic, AKA “gossip,” protocols.
<h1>Streamr Partners With Nokia, OSIsoft To Create IoT Economy And Transform Data Ownership</h1>
A strategic partnership announced earlier this week is intended to redefine how people use and sell data online.