Bitcoin Magician

How New EU Privacy Laws Will Impact Blockchain: Expert Take New European data protection regulation is hardly compatible with Blockchain In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com . EU privacy laws are set to undergo their biggest overhaul since being created in 1995. The new framework, entitled the General Data Protection Regulation (GDPR), comes into effect on May 25, 2018 and will drastically change how organizations handle the personal data they collect and use. The GDPR aims to harmonize data privacy laws throughout the EU and give individuals better control over their personal data. Under the GDPR, ...

Audi Is Exploring Blockchain For Its Distributional Network Experts at Audi are exploring a Blockchain solution to improve the company’s physical and financial distribution processes. German Ingolstadt-based car manufacturer Audi is testing Blockchain technology for its physical and financial distribution processing, Cointelegraph auf Deutsch reported today, March 30. With its new solution, Audi aims to increase the security and transparency in its global supply chains. The car manufacturer released a Proof-of-Concept (PoC) of its Blockchain system last year, after successfully testing the technology based on IBM’s Hyperledger Fabric . Due to positive feedback, Audi’s management decided to advance the project beyond the PoC stage. The research team comprised of representatives from various organizational units such as finance, production, logistics and IT are currently exploring the representation and documentation of international logistic processes, including financial settle...

Russian State-Owned Gazprombank to Pilot Cryptocurrency Service A Russian bank may make a pioneering step for the country in allowing its investors to invest in cryptocurrency this year, reports claim. Gazprombank VP: There Is Demand For Crypto Various local media outlets today quote Gazprombank senior vice president Aleksandr Sobol as saying “some kind of pilot” scheme involving cryptocurrency might surface as soon as the end of 2018. Gazprom is a state-owned Russian bank, the third largest bank in the country by assets belonging to the parent company Gazprom. The move, which if acted on would could about through the bank’s sister operation in Switzerland, would represent a rare opportunity for major Russian investors. Asked whether Gazprombank had been considering cryptocurrency products, Sobol had told Interfax: Some kind of pilot [schemes] – yes, of course. These won’t be on a grandiose scale, just for ourselves to see. There is demand from major private clients for such se...

Newegg Opening Bitcoin Payments to Canadian Customers Newegg, North America’s leading technology-focused e-retailer, announced on Wednesday that the company is affording customers in Canada the option of paying for products with Bitcoin — citing increased mainstream awareness of the digital currency. ‘The Time Is Right’ Shoppers in Canada using popular e-retailer Newegg may now pay for purchases with Bitcoin. The addition of Canadian Bitcoin payments is long overdue, as payments in the dominant digital currency have been accepted from customers in the United States since August 2014. Notes the company’s CEO, Danny Lee: In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option. Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more purchasing power. We believe the time is right to broaden our acceptance of bitcoin to our customers in Canada. As noted by Business Wire, a large portion of Neweg...

OKEx Resolves Futures Price Slip Impact As Trader Threatens Suicide OKEx has confirmed it is correcting a Bitcoin futures price mishap that saw prices drip to $4800. Hong Kong cryptocurrency exchange OKEx announced it would take steps to address its Bitcoin futures contracts March 30 after “abnormal” pricing saw one user even threaten suicide at its head office. In a message to traders, OKCoin’s exchange, whose quarterly futures market posted significantly lower BTC/USD readings than the global market this week, blamed the issue on users closing huge numbers of contracts “regardless of price.” “OKEx has the right to warn against all unethical behavior such as malicious manipulation of prices, malicious influence on trading systems, restrictions on trading, shutting down of accounts, etc.,” the message read. A blog post the exchange continues to update confirms that a rollback has completed, and that normal trading operations will resume shortly. Despite officials’ attempts ...

Dogecoin’s Creator Jackson Palmer: 2018 Is Shaping Up To Be The ‘Year Of The Fork’ Cointelegraph talked to the creator of Dogecoin, Jackson Palmer, about Bitcoin forks, the crypto community, education, and plans for 2018. Known to the crypto community as the creator of Dogecoin , Jackson Palmer,  product manager at Adobe by profession and coder by passion,  told Cointelegraph how he sees the future of the cryptocurrency, started as a parody and broke the $1 bln market cap in the beginning of 2018 , shared his thoughts on the cryptocurrency community, and disclosed some plans for the future. Being the one behind the idea of Dogecoin when it launched in 2013, however, Jackson made explicit his dislike for some parts of its community and culture in the following years. He started stepping back from the project in late 2014. Cointelegraph: Looking back at the whole thing, can you tell if it was ultimately worth it? Jackson Palmer: I started stepping back from Dogecoin and th...

Singapore Media Regulator Launches ‘Blockchain Challenge’ To Promote Adoption, Innovation Singapore’s Infocomm Media Development Authority’s new Blockchain Challenge seeks to find new projects that promote Blockchain use in businesses. Singapore’s Infocomm Media Development Authority (IMDA) has launched a “Blockchain Challenge,” in order to promote Blockchain innovation and adoption in businesses, according to a press release published yesterday, March 29. The press release reads that the challenge aims to “promote awareness and adoption of the technology; and encourage companies to explore business model innovation and/or transformation arising from the technology.” Participants can either submit Minimum Viable Products (MVPs) or Proofs-of-Concept (PoCs) to one of two categories: “Enterprise” for projects for “operational efficiency,” or “Transformation” for projects involving business model innovation and institutional change. The first round of the challenge ends at noon o...