US Unveils FedNow, Bitcoin Cash Vs. Coinbase | Coffee and Crypto

In this week’s “Coffee and Crypto,” Olivia and Molly Jane explore the Fed’s plans for a real-time payments system, and the alleged leak of Binance’s KYC data


Source: cointelegraph
US Unveils FedNow, Bitcoin Cash Vs. Coinbase | Coffee and Crypto

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Government unveils the plan for crypto bill in India

Government unveils the plan for crypto bill in India submitted by /u/Askrypto
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Source: CryptoCurrency
Government unveils the plan for crypto bill in India

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Huawei Officially Unveils Its Long-awaited Operating System

Coinspeaker
Huawei Officially Unveils Its Long-awaited Operating System

Huawei just recently finally announced new operating system which, as the company claims, will be available on a variety of devices ranging from speakers, in-car systems to wearables. The new operating system is called HarmonyOSbut in China, this software will be known as Hongmeng

Another interesting factor is that will release this OS as an open-source platform in order to raise more adoption. 

Moreover, this is a result of the most recent ongoings with the company. Recently the puts Huawei on the Entity List, claiming that the company is a subject of internal security. This means that the government forbids other companies to do business with Huawei. Also, the government accused Huawei of stealing trade secrets. Plus all that, in May, Google suspended Huawei’s Android license. Since then, Huawei hasn’t been shy about sharing that they are in the works of making their own operating system. 

It is known that users will have a possibility to get acquainted with Harmony OS later this year. It is a microkernel-based distributed system that is “more powerful and secure than Android,” said the company CEO of the consumer division, Richard Yu. 

At the company’s conference, he said that that HarmonyOS’ IPC performance is five times that of Google’s Fuchsia. However, he didn’t quite back his claims, since he didn’t show a proper example. 

“A modularized HarmonyOS can be nested to adapt flexibly to any device to create a seamless cross-device experience. Developed via the distributed capability kit, it builds the foundation of a shared developer ecosystem,” reads a statement by Huawei.

Additionally, the company revealed that they have been working on this project for almost as long as 10 years.

However, at the moment, the company is still using Android on its phones. As the company describes, the legal side of this is not 100% clear for them, but they have seen a little more easing attitude from the US Government and Google regards its Android usage license.

“We will prioritize Android for smartphones, but if we can’t use Android, we will be able to install HarmonyOS quickly,” noted Richard Yu.

Moreover, Richard Yu added that for now, Huawei would limit the operating system only to China with later plans to expand to international markets.

Recently, we have reported that Huawei announced its plans for launching a new smartphone in Q4. The new HarmonyOS-powered phone would cost around $290. 

Huawei Officially Unveils Its Long-awaited Operating System


Source: coinspeaker
Huawei Officially Unveils Its Long-awaited Operating System

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Live Planet Unveils Blockchain-Based Virtual Reality Network

is using blockchain technology in an upcoming service for blockchain and crypto content creators


Source: cointelegraph
Live Planet Unveils Blockchain-Based Virtual Reality Network

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The Eureka Network Unveils its Revamped High-Liquidity Exchange with a Signup Bonus of 300 ERK Tokens

The Eureka Network Unveils its Revamped High-Liquidity Exchange with a Signup Bonus of 300 ERK Tokens

EurekaX has announced set to launch a new and upgraded version of its cryptocurrency exchange and new users who sign up on the platform before August 21, 2019, will be rewarded with its native altcoin, EurekaCoin (ERK).

The new EurekaX platform is designed to solve the liquidity issues plaguing the cryptocurrency ecosystem. For the crypto newbie, liquidity simply refers to the ease with which cryptocurrencies are bought or sold.

The centralized EurekaX exchange is built to become the highest liquidity exchange in the world by linking its order book with that of leading crypto trading venues like Binance and OKEx.

If all goes as planned, trading activities on EurekaX will begin on August 21, 2019, and the team says it would list all tokens built on the blockchain , on the exchange.

As stated earlier, all users who register on the platform before August 21, 2019, will receive a whopping 300 ERK tokens.

ERK is powered by Eureka’s proof-of-stake (PoS) network and several platforms are looking to leverage the network’s ERC20 and ERC22 tokens to build their projects.

Notably, the Eureka network is powered by both the Ethereum and Bitcoin blockchain, making it more cost-efficient to deploy, open-source and allowing other projects to use it in creating their own PoS tokens.

Interestingly, unlike the Ethereum network where miners get all the transaction fees, projects built upon the Eureka network receive the rewards.

Eureka Decentralized Exchange (DEX)

Also, the Eureka team is planning to launch the EurekaDEX decentralized exchange in Q4 2019 and it will launch a token buy-back program which will enable it to use 50 percent of all profits generated to purchase and burn ERK.

The token buy-back program is expected to increase the value of ERK, as there is only 150 million ERK in circulation.

Asides the 300 ERK bonus its offering new users, traders who refer new users to the platform before August 21, will also receive 200 ERK tokens until he first 100,000 users join EurekaX.

About Eureka

The network is built upon Bitcoin’s UTXO model and it also supports Ethereum Virtual Machine-powered smart contracts.

Website: https://eurekax.io/register 

Facebook: https://www.facebook.com/EurekaXchange   

Twitter: https://twitter.com/EurekaX3 

GitHub: https://github.com/eurekacoin/eurekacoin

Email: [email protected]

The post The Eureka Network Unveils its Revamped High-Liquidity Exchange with a Signup Bonus of 300 ERK Tokens appeared first on ZyCrypto.


Source: zycrypto
The Eureka Network Unveils its Revamped High-Liquidity Exchange with a Signup Bonus of 300 ERK Tokens

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CinefestOZ unveils its stellar 2019 line-up

Set against the backdrop of Western Australia’s iconic South West region, the freshly unveiled 2019 program is for film lovers, filmmakers and stars to share in five days of immersive film experiences.

CinefestOZ has lifted the lid on jam-packed 2019 program, with more than 150 events showcasing the best of Australian film.

The epic line-up includes a diverse array of Australian features, short films, documentaries and industry workshops, with 15 world, 11 Australian and 53 West Australian premieres screening over five days. 

CinefestOZ chief executive officer Malinda Nixon said the quality and diversity of the 2019 program underlined the enormous growth the festival had experienced in its 12 years.

“Anyone who picks up a program for this year’s CinefestOZ is going to be blown away by what’s on offer,” Nixon said. 

“We have an absolutely incredible selection of features, short films, documentaries, industry workshops and special events and audiences really will be spoilt for choice. 

“We are so proud that each year, CinefestOZ continues to grow and provide not only a platform for audiences to experience premiere film screenings but for WA and Australian filmmakers to come together to champion the industry. 

“This is another outstanding year for homegrown cinema and we can’t wait for audiences to enjoy our fabulous celebration of Australian film in the beautiful South West next month.”

Leading the program will be the finalists vying for Australia’s richest film prize, Go!, H is for Happiness, Hearts and Bones, Judy and Punch and Measure for Measure

Filmmakers and attending talent from each of the finalist films will walk the red carpet at Orana Cinemas ahead of each premiere and will give audiences a deeper insight into the creative process by attending In Conversation events in the days following. 

Award-winning Australian director Rachel Ward has accepted the role of Film Prize Jury Chair for the 2019 Festival, and will also introduce a special screening of her film Palm Beach starring her husband Bryan Brown.  

Program highlights include the world premiere of The Naked Wanderer, a locally-shot film about a broken-hearted man who treks the WA coastline mostly naked for charity in a bid to win back his ex-girlfriend, and Wild Butterfly, to be screened in Australia’s first mobile 180-degree Dome cinema. 

Actress Rachel Griffiths will make her directorial debut with Ride Like a Girl, the incredible true story of Michelle Payne – the first female jockey to win the Melbourne Cup. 

This year the festival will also introduce a small segment of New Zealand feature films, including Bellbird, Daffodils and Vai

Check out the entire program, running from August 20 to September 1, here.

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https://www.perthunderground.com.au/post/cinefestoz--its-stellar-2019-line-up


Source: cryptoassethome
CinefestOZ unveils its stellar 2019 line-up

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Bitcasino Unveils Phoenix Jackpot Game and New Exciting Gameplay

Bitcasino Unveils Phoenix Jackpot Game and New Exciting Gameplay

Bitcasino.io, a leading blockchain-powered gaming platform has announced the launch of a new exciting game name jackpot as which promises gamers more bonuses.

The revolutionary Phoenix Jackpot game pools points from spins across multiple slots suppliers in the casino industry.

Interestingly, wagers on slots games from a vast array of platforms including Play’n GO, Pragmatic Play and others will earn players bonus points and they can use it for spins on Phoenix Jackpot.

With each spin on the jackpot game, players stand a chance to collect symbols on the jackpot landing if a player succeeds in getting the entire six.

The new format is more engaging and it brings more excitement to the traditional jackpot slot.

Commenting on the release of the new exclusive game, Gabrielo Kolawole, Team Lead for the project reiterated that:

“The phoenix jackpot team is excited to take the conventional jackpot experience in the casino to the next level by gamifying the entire experience while we deliver a uniquely engaging platform to the players as they compete with other active players in casino for the jackpot prize.”

Bitcasino has a Mega Jackpot prize that grows in value with each spin. The Phoenix jackpot game was initially created as a one-week promo but due to success, the team has decided to make it a permanent feature on Bitcasino.

Phoenix Jackpot was developed in-house by members of the Coingaming Group.

Tauri Tiitsaar, Director of Casino at Bitcasino.io also expressed excitement over the development.

“We are immensely proud of our new Phoenix Jackpot game, which is the result of a fully in-house development that is really pushing forward what is possible within the online casino space,” he declared.

Established in 2014 as part of the Coingaming Group, Bitcasino is a top bitcoin-powered casino platform with expansive, high-quality casino products featuring over 1,400 games such as slots, table games and more.

Bitcasino offers players an enjoyable and trustworthy casino experience with withdrawal times of 1.5 minutes, which is amongst the fastest in the industry.

“Bitcasino players enjoy games from a range of industry’s best slots suppliers, so to be able to collect points from across these games while earning the chance to win a big jackpot is a powerful tool that improves engagement and gives customers more value,” concluded Tauri.

Website: https://coingaming.io/  

Twitter:https://witter.com/bitcasino 

Email: [email protected]

The post Bitcasino Unveils Phoenix Jackpot Game and New Exciting Gameplay appeared first on ZyCrypto.


Source: zycrypto
Bitcasino Unveils Phoenix Jackpot Game and New Exciting Gameplay

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Datawallet Unveils Developer SDK Allowing Businesses to Utilize Ethical User Data

Coinspeaker
Datawallet Unveils Developer SDK Allowing Businesses to Utilize Ethical User Data

Positioned on the opposite side of the aisle from the tech giants, whose entire business model is predicated around reselling user data en masse, these startups are seeking to redefine the way in which data is controlled, shared and sold on the web by returning sovereignty of data to rightful owners. It’s an ambitious objective, but one that Web3 proponents believe to be not only natural, but inevitable.

One company leading the charge is Datawallet, whose aptly named “Datawallet 3.0 – Developer Edition” release embodies all the hallmarks of Web3: full encryption, self-sovereignty of data, local storage, and permissioned access. Explaining the rationale behind the company’s latest release, CTO Daniel Hawthorne explains:

“Ever since the Facebook-Cambridge Analytica scandal came to light, people have begun to question who controls their data and how these entities are profiting from it. While it’s too late to turn back the clock on data scandals such as Cambridge Analytics and the well-document Equifax breach, we believe it’s possible to re-engineer the foundations of the web to prevent data breaches on this scale from occurring again.”

Datawallet is not alone in this quest. Luminaries as lauded as Sir Tim Berners-Lee, creator of the world wide web, have thrown their weight behind projects seeking to restore online privacy and self-ownership of data. Through creating a series of encrypted data “pods” or containers, Web3 architects hope to make self-sovereignty of data the norm rather than the exception. They face an uphill battle in changing deeply entrenched attitudes from a public accustomed to entrusting their data to web giants, but there are signs that the Web3 movement is starting to gain traction.

Datawallet’s personal SDK enables users to leverage data from the likes of Facebook, Google, and Amazon, so that developers can deliver personalized experiences without violating user privacy. The startup, which has received backing from the likes of crypto investor Tim Draper, aims to champion a more ethical approach to personal data access and ownership.

The Architecture of a Web3 Wallet

Datawallet uses smart contracts to control access to the data stored locally in the user’s wallet. Developers wishing to create applications that integrate with Datawallet can harness the Datawallet SDK to test and launch apps. Games, visualizations, products, services and other kinds of consumer-facing apps can be designed, with the Datawallet SDK controlling permission flow.

A GUI abstracts away much of the complexity, accelerating app creation and controlling the underlying access management layer and data API by which data can be queried via GraphQL. Detailed tutorials have been provided to guide developers through the process and spur the creation of Web3 apps.

For businesses wishing to create consumer apps without being held liable for storing user data, solutions such as Datawallet have obvious appeal. In an era of GDPR compliance and increasing data regulation, tech companies must ensure they adhere to global data standards while providing seamless user experience. User-controlled data permissioning enables compliance without curtailing access to the information businesses require in order to provide a service.

With 90% of the world’s data since the dawn of time having been created in the last two years, the web is drowning in data. This glut of data has come at great cost to its owners, who have seen their personal information, including social security numbers, credit card details, and passwords, hacked, stolen and resold. By 2025, it is estimated that 175 zettabytes of data will be generated annually (one zettabyte equals one trillion gigabytes), creating an impending data storage crisis.

Datawallet’s Daniel Hawthorne insists:

“Local sourcing, storage, and encryption provides users with strong privacy assurances. In the near future, I’m confident that self-sovereignty of personal data will be as ingrained into daily life as technical innovations such as smartphones and the cloud are today.

You wouldn’t invite strangers to look after your home while you were on vacation – why would you do the same with your data, by entrusting it to companies that don’t even know you and have little incentive to safeguard it?”

Datawallet Unveils Developer SDK Allowing Businesses to Utilize Ethical User Data


Source: coinspeaker
Datawallet Unveils Developer SDK Allowing Businesses to Utilize Ethical User Data

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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

The has released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the c
Source: devcoins
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

The has released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

Draft Bill Now Public, Supreme Court Hearing Delayed

The Indian supreme court was scheduled to hear the crypto case on July 23. It was expected to address the banking restriction by the central bank, the Reserve Bank of India (RBI). However, the case was not heard by the court on Tuesday.

On Monday, the Ministry of Finance published the long-awaited crypto regulatory report by the interministerial committee under the chairmanship of Secretary of Economic Affairs Subhash Chandra Garg, who is also the country’s finance secretary. The ministry confirmed that the “Report of the committee to propose specific actions to be taken in relation to virtual currencies” has been submitted to the government. It contains the draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019.”

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

The Ministry of Finance’s announcement reads:

This report and draft bill will now be examined in consultation with all the concerned departments and regulatory authorities before the government takes a final decision.

The report discusses distributed ledger technologies (DLTs), virtual currencies, initial coin offerings, a digital rupee (central bank digital currency), the potential uses of DLT for financial services, and recommendations for both DLTs and cryptocurrency. “The mandate of the committee has been to study various issues pertaining to virtual currencies and to propose specific actions that may be taken in relation thereto,” the report describes.

Full Ban Proposal

The draft entitled “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill 2019,” included in the report submitted by the Garg committee, is an updated version of the one previously leaked, as news.Bitcoin.com reported. However, much of the crypto-related prohibitions and offenses are unchanged.

Following the release of his committee’s report, Garg tweeted on July 22 that “Private cryptocurrencies are of no real value. Rightly banned.”

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

Noting “extreme fluctuations” in their prices, the committee proposes that “private cryptocurrencies should not be allowed,” stating:

The committee has recommended a law banning the cryptocurrencies in India and criminalizing carrying on of any activities connected with cryptocurrencies in India.

The committee believes that private cryptocurrencies have “no underlying intrinsic value” and “lack all the attributes of a currency.” The report adds that “There is no fixed nominal value of these private cryptocurrencies i.e. neither act as any store of value nor they are a medium of exchange.”

Proposed Prohibitions

According to the bill, “No person shall mine, generate, hold, sell, deal in, issue, transfer, dispose of or use cryptocurrency in the territory of India.” In addition to disallowing cryptocurrency for use as “legal tender or currency at any place in India,” the bill proposes that “No person shall directly or indirectly use cryptocurrency in any manner, including as (a) a medium of exchange; and/or (b) a store of value; and/or (c) a unit of account.”

As previously reported, the bill also states that “Whoever directly or indirectly mines, generates, holds, sells, deals in, transfers, disposes of or issues cryptocurrency … shall be punishable with fine or with imprisonment which shall not be less than one year but which may extend up to ten years, or both.” Moreover, “Whoever directly or indirectly promotes, issues any advertisement, solicits, abets or induces any participation in any activity involving the use of cryptocurrency … shall be punishable with fine or imprisonment which may extend up to seven years or both.”

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

Regarding the RBI ban, the report reveals that the committee “endorses the stand taken by the RBI to eliminate the interface of institutions regulated by the RBI from cryptocurrencies … The committee also recommends that all exchanges, people, traders and other financial system participants should be prohibited from dealing with cryptocurrencies.”

Sandeep Goenka, co-founder of Zebpay, formerly one of the largest crypto exchanges in India, pointed out:

The recommendation report is dated 28th Feb 2019, hopefully, they review again and are asked to submit another recommendation report. A lot has happened globally since then.

Another recommendation the committee made is for the government to establish “a standing committee to take into account the technological developments globally and within the country and also the views of global standard-setting bodies to revisit the issues addressed in the report as and when required.”

Last-Minute Change

The Indian government was initially in favor of regulating cryptocurrency rather than imposing a blanket ban on it, Business Standard reported July 23, noting that Garg pressed for “accepting virtual currencies as an economic phenomenon,” arguing that “regulating it will likely lead to better results.”

The committee first met in November 2017 and broadly agreed that banning would be difficult to implement, opting to focus on determining whether cryptocurrency should be classified as a commodity or a financial asset. They also recognized that a ban may “drive some operators underground, which may encourage [the] use of such ‘currencies’ for illegitimate purposes,” the news outlet cited the minutes of the meeting.

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

The second meeting took place on Feb. 22 last year, shortly after former Finance Minister Arun Jaitley said during his budget speech that cryptocurrency was not legal tender and steps would be taken to eliminate use. During this meeting, the regulators were in favor of imposing a complete ban on cryptocurrency. Central Board of Direct Taxes Chairman Sushil Chandra said that it creates “a chain of black money,” the publication conveyed.

However, Garg noted that cryptocurrency would be discussed at the G20 meetings and a fresh look might be warranted. He suggested that using crypto in payment systems should not be fully banned, considering the nature of the technology. Ministry of Electronics and Information Technology Secretary Ajay Prakash Sawhney concurred. The committee decided to form two sets of papers ⁠— one for banning and the other for regulating cryptocurrency. According to the news outlet, during the next meeting held on Jan. 9 ⁠— almost a year later ⁠— the committee agreed upon the draft bill to ban cryptocurrency.

Do you think that India will adopt this version of the bill and fully ban cryptocurrencies? Let know in the comments section below.


Images courtesy of Shutterstock and Twitter.


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The post Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing appeared first on Bitcoin News.


Source: bitcoin.com
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

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