Every Sunday BTCMEX breaking into fresh crypto stories. This week about new regulations in crypto, innovations, and usage of blockchain in different industries.
Tunisia puts its National Currency on Blockchain
The Central Bank of Tunisia announced that it has teamed up with Russian ICO startup Universa in order to digitalize Tunisian Dinar. Tunisia’s Central Bank Digital Currency (CBDS), or E-Dinar, is supposed to be more transparent and cheaper to issue.
Universa Blockchain will help to issue and manage E-Dinar. It will also receive a percentage of all transactions, while the ledger will be monitored by the Central Bank of Tunisia. The founder and CEO of Universa, Alexander Borodich, doesn’t consider CSDS to be a true cryptocurrency though, as it is state-owned and backed by the paper money. He outlined the advantages of digitalizing the national currencies.
“Digital banknotes cannot be counterfeited — each banknote is protected by cryptography like its paper counterpart has its own digital watermarks. Furthermore, the production of such a banknote is 100 times cheaper than wasting ink, paper, and electricity in the printing process.”
The country will not issue a new currency. A part of its national reserves will be moved to a platform, and the citizens will be able to go digital exchanging their physical money.
Gibraltar’s Quedex — the world’s first Regulated Crypto Futures Exchange
Gibraltar Financial Services Commission has issued the first cryptocurrency derivatives license in the world to Quedex — the local crypto exchange. The platform offers several derivatives trading options, like Bitcoin futures trading, as well as custodial services.
By getting the official license Quedex became the first regulated crypto futures and options exchange in the world! The issuing process took the company 15 months to cooperate with the local authority and prove the platform meets all the requirements.
The founder and CEO of the exchange, Wiktor Gromniak hopes the license will help to bring more institutional investors, as well as miners and crypto traders to the platform. Gibraltar’s Minister for Commerce, Albert Isola, fully supported Quedex by saying that the government is willing to help the crypto industry to mature and prosper.
CoinMarketCap is Watching You!
The world’s leading Bitcoin and altcoins tracker CoinMarketCap announced that it will provide data on exchanges’ liquidity. During The Capital — a conference, organized by the platform in Singapore, CoinMarketCap announced the launch of new tools. The new metric system is already available on the website. It incorporates data from 3000 crypto assets, giving a comparison of crypto exchanges and token pairs based on liquidity.
Carylyne Chan, chief strategy officer at CoinMarketCap, outlined the aims and strategies of the new project. The new metric system is a way of escaping dependence on volume reporting, which is often a subject of internal market manipulations. The firm’s goal is to bring transparent data into crypto trading.
Anonymous Fund is investing $75M in Bitcoin in Privacy
The Unknown Fund — an organization set up by anonymous people — announced that it’s ready to invest and donate 75 million dollars in Bitcoin (BTC) to startups working on enhancing privacy.
The Fund listed four niches, that they would support, they are personal data protection, tools for online anonymity, cryptocurrencies, and blockchain.
The aim of this move is to bight back the large corporations, which are “succeeding to make ordinary people get poorer”. The Fund also said that data protection can prevent the audience from mass and social media manipulations, like those used during Brexit and the US elections campaigns.
The Fund’s website does not offer much information, except for a quote from Edward Snowden, which says “It is not data that is being exploited, it is people that are being exploited,” and an email address, where startups can apply to get an investment or a donation.
Beef on Blockchain
Blockchain technology helps the F&B industry by tracking products’ shipment. American logistics giant UPS has successfully delivered blockchain-verifies beef from Kansas to Japan. The packaging technology was incorporated into a blockchain network to trace the shipment of beef.
The government officials from the US and Japan attended a special dinner in Tokyo, where they were able to scan QR code to see the details about their food’s journey.
Earlier, In March 2018, Chinese e-commerce giant JD implemented blockchain tech to monitor shipment of meat from a farm in Australia.
Earlier this week two food giants, Nestle and Carrefour, announced, they will track baby milk products and provide consumers with data on their origins and movements “from dairy to shelf.”
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