India to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

The Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final decision on the country’s crypto policy. Also read: Indian Supreme Court Heard Crypto Case in Depth Today Government Unveils Plan for Crypto Bill The Indian government has been deliberating on the crypto report submitted by…

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Indian Supreme Court Heard Crypto Case in Depth

The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request of the government. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Supreme Court Heard RBI Ban Case Today The Supreme Court of India addressed two crypto-related issues Thursday after repeatedly postponing…

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Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Major coins are seeing red, with Tezos, Cardano and Tron losing the most on the day among the top 20 coins. Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market…

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South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

South Korean holding company SK C&C has developed a platform for charitable donations, using a fork off of Ripple’s blockchain. South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token. South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the planning phase. SK…

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Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks

Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most cost-effective ways to issue and send tokens. Also read: Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash The Rising Popularity of Tokens Built on Some of the Best Known Blockchains Over the…

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New Jersey Governor Signs Bill to Establish Blockchain Task Force

The governor of New Jersey signed a bill to create a governmental task force for researching state-beneficial blockchain technology. Governor of New Jersey Phil Murphy recently signed bill S2297, which is an act to create a so-dubbed New Jersey Blockchain Initiative Task Force. The purpose of the task force is purportedly to study blockchain solutions for the benefit of the state. The news that Murphy passed this bill comes by way of an announcement on the official site of the state of New Jersey on Aug. 8. According to the…

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Coinbase’s Professional Platform to Begin Listing Process for Algorand Token

The professional trading arm of Coinbase is scheduled to begin listing Algorand, a cryptocurrency developed by an MIT professor. Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14. Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading.  The announcement also recalls some other common procedures for adding a new token to its platform, which…

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