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The United States Department of Commerce is looking to hire a computer scientist specializing in blockchain and identity management. The United States Department of Commerce is looking to hire a computer scientist specializing in blockchain and identity management. According to a job listing from Aug. 9, the federal agency is seeking someone with at least one year of specialized experience in developing blockchain infrastructure and conducting research into blockchain technologies, crypto ledgers and crypto contracts. Focus on identity management and crypto tokensThe Department of Commerce’s listing hints at the future hire’s duties and responsibilities in general terms, revealing only that they will be tasked with research and development into potentially disruptive technologies at the department’s Information Technology Laboratory. It notes that the candidate’s role will include a focus on the cybersecurity capabilities and requirements necessary for the successful implementation ..
The CEO of an Indian crypto and blockchain research company estimates that the country will lose out on almost $13 billion with a ban on crypto. Sidharth Sogani, the CEO of crypto and blockchain research firm Crebaco Global Inc, believes that India will lose around $12.9 billion worth of market if cryptocurrency is banned in the country. Sogani shared his reasoning with the news outlet AMBCrypto, which reported the matter on August 8. According to the report, Crebaco’s methodology included an analysis of how much revenue companies might have generated if crypto was ruled to be legal, as well as crypto companies with Indian founders who moved offshore due to the Reserve Bank of India’s banking ban. As per the report, Crebaco came up with the following figures as part of its total estimated revenue from crypto in India: $4.9 billion as indicated by crypto white papers and associated business plans; $2.1 billion from expert blockchain coders; $1.27 billion from content creators; and $4.5..
A senior policy analyst has predicted that Walmart will have an easier time getting regulatory approval for its proposed cryptocurrency than Facebook. A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency. As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly use banks. According to Seiberg, Libra and Walmart’s crypto proposal differ in scale. Seiberg comments that Facebook has global intentions which do not appear to be shared by Walmart. Possible regulatory hangupsHowever, Seiberg noted that Walmart’s proposal will not likely get automatic approval from Congress. He pointed out that, for instance, Walmart’s coin could be viewed as a threat to small banks and cr..
Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to Malaysia's Islamic finance expert. The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to Malaysia's Islamic finance expert. Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skepticism to crypto in Islamic countries is not a pure rejection, but rather a consequence of uncertainty, Islamic economy-focused publication Salaam Gateway reports Aug. 2. Mahpot, an advisory veteran at Amanie with 11 years of expertise in sharia-compliant financing, compared the existing situation with cryptocurrencies with Malaysia’s controversial types of investment known as Amanah Saham Bumiputera (ASB) and Amanah Saham Nasional (ASN). Comparing crypto with Malay ASB and ASN that were eventually made permissibleMahpot states that understanding and perceptio..
Singapore’s proposal to exempt crypto from a goods and services tax would benefit crypto-related businesses, says PwC corporate tax expert. Singapore’s plans to exempt certain digital currencies from the Goods and Services Tax (GST) would benefit cryptocurrency-related businesses, according to a partner in PwC Hong Kong’s corporate tax practice. As reported by Hong Kong’s English language newspaper South China Morning Post on July 29, Gwenda Ho argued that the Singapore government’s proposal to drop the seven per cent GST for cryptocurrencies when using them to pay for goods and services would have a positive impact on crypto exchanges, asset managers and blockchain entrepreneurs. Per Ho, the adoption of the proposed law would also put Singapore’s sales tax regime on an equal footing with those of other jurisdictions such as Hong Kong, Australia, Japan, Switzerland, and the European Union. Ho stated that, as long as the token has the features of a digital payment token as defined by t..
Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an expert. Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, an expert told the Bangkok Post on July 9. Fiscal Policy Office legal officer Sumaporn Manason argued that Libra will likely run up against difficulties entering Thailand as the cryptocurrency does not fall under any of local financial legislation. Sumaporn stated: “The cryptocurrency does not fit under the Bank of Thailand's Currency Act because it does not have the characteristics of legal tender as stipulated by law. These characteristics refer to a banknote or coin having value in baht or being identifiable as an object or note used to pay debts or exchange with other currencies in accordance with the law.” Sumaporn further outlined three possible scenarios for Libra such a..
Betting against Bitcoin (BTC) may not be the wisest decision for any digital asset investor following the cryptocurrency market trends, particularly involving bitcoin and the top cryptocurrencies. Bitcoin Traders Lose $44 Million in Bitcoin (BTC) shorts Cryptocurrency news outlet Cointelegraph reported how BTC shorters lost a whopping $44 million in only a few hours earlier today on one exchange. Citing a Reddit thread for cryptocurrency trading, the crypto site noted that users who took short positions against bitcoin on BitMex exchange lost as much as $44 million Monday morning. By taking a short position, traders bet that the price of bitcoin will go down but that wasn’t the case this morning and they lost. Why You Should not bet Against Bitcoin Now – BTC Price Prediction 2019 There are a number of reasons why this may not be a good time to best against bitcoin (BTC). 2019 is a Bullish Year for Bitcoin (BTC) The downtrend in BTC price which characterized the crypto market last ye..
NEO Coin News – NEO is one of the top smart contract and dApp platforms that is just like Ethereum. At one point, in our previous NEO coin news, we noted that NEO is a possible “Ethereum Killer”. Note that the term Ethereum Killer refers to a group of new blockchains that are direct competitors to Ethereum, the world’s foremost decentralized computer. Over the last few days, the NEO coin price has been lagging behind while other cryptocurrencies like Bitcoin, Ethereum, Litecoin, and XRP have recorded significant gains against the USD and BTC. NEO Coin News – NEO Latest Update – NEO Coin Price – NEO Will Surge By 264% Soon, When Is The Best Time To Buy NEO? A few days ago, Trading Room, a Twitter handle that typically posts about cryptocurrencies posted that NEO is preparing for a price surge. The post was as follows; “NEO/BTC is preparing for a big leg up soon. The expectation that NEO/USDT will print massive gains between 112% and 264% NEO is for investors who have a mid- or long-t..
XRP news today – Ripple has made its goal clear from the beginning. The Silicon Valley tech company intends to dominate the cross-border remittance world by replacing SWIFT with xRapid and other decentralized payment protocols. This is why XRP is commonly called the banker’s coin. Ripple sells its xRapid technology to banks and this technology uses XRP as fuel. XRP has proven itself efficient in doing what it was created to do. Digital asset investors on the XRP rich list hope that this xRapid protocol is going to positively influence the XRP prediction 2019 and change the game for Ripple. Apart from using the xRapid protocol, XRP is also one of the fastest and cheapest for international and local transactions. In our previous XRP news, we talked about how XRP has already gotten the attention of many financial institutions. Now, an expert in the space is suggesting that Bitcoin is better than XRP for cross-border payments. XRP Prediction 2019: XRP Price Prediction 2019: XRP News Today..
Ripple News Today – XRP is still among the most popular cryptocurrencies in the space. Over time, Ripple, the parent company of XRP, has been able to make strategic developments and partnerships that have helped to keep XRP on the list of top three applications. Per our previous XRP news, the road hasn’t been smooth for Ripple and XRP. The company has faced criticism regarding the nature of the XRP token and the relationship between the Ripple and XRP. Even if people complain about Ripple’s leadership roles and involvement in XRP, they cannot dispute the fact that the XRP token has strong potential. In fact, many experts have agreed that XRP will soon become the most valuable token in the space. The latest XRP price prediction 2019 places the price of XRP in a wide range of $5 and $10. It also states that the price of XRP has the potential to move as high as $1200. XRP 589 – XRP Price Prediction 2019 – XRP News Today – XRP Latest Update – Will XRP Rise This Year Considering the curren..