Here’s How Blockchain-Enabled Systems Can Reduce Slavery in Asia’s Fishing Industry

Unbeknownst to most people, slavery and forced labor are still rampant in the supply chains of most seafood companies even today.

What’s even worse is that the various stakeholders in the industry are either not in a helping position or are simply disinterested in resolving the issue, essentially leaving hundreds of thousands of forced laborers across the world to fend for themselves.

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How Blockchain Has the Potential to Empower Content Creators

The emergence of the Web 2.0 forever changed the face of the internet. User-generated content became the order of the day, as the modern-day internet was actualized. The World Wide Web was no longer a static network, but one in which information began to flow from different corners of the globe at breathtaking speed.

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Arizona Could Soon Allow Citizens To Pay Taxes Using Bitcoin And Other Digital Currencies

arizona bitcoin tax

In all likelihood, the day isn’t far when the state of Arizona will allow its citizens to pay their taxes using Bitcoin or other cryptocurrencies. The Arizona Senate has already passed a bill on 8 February 2018 to set the legislative framework for the revolutionary movement.

The bill now awaits the final nod from the House of Representatives.

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Billionaire Investor Mike Novogratz’s Crypto Merchant Bank Raises $250 Million

billionaire investor

Mike Novogratz, a billionaire investor and proponent of cryptocurrencies, is once again in the limelight. According to new reports, Novogratz has raised a whopping $250 million for a new cryptocurrency merchant bank that goes by the name Galaxy Digital.

The news shouldn’t come as a surprise considering that the hedge fund manager had already laid out a plan for a crypto asset fund worth $500 million back in September 2017.

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New York City Opens Up To Crypto Mining Farms

nyc crypto mining farms

At a time when many Bitcoin mining companies are flocking to parts of Canada for cheap electricity, the city of New York seems to have made up its mind to emerge as a key alternative. At least, that’s the signal the city administration is giving away as it approved a proposal by cloud mining service, Coinmint to take over an abandoned smelter for Bitcoin mining operations on January 30.

The New York Power Authority has since followed suit by approving 15,000 kilowatts of hydroelectric power to the new mining facility.

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Russian Prime Minister Roots For International Collaboration For Cryptocurrency Regulation

international collaboration

In what could be seen as a first of its kind proposal by a world leader, Russian Prime Minister Dmitry Medvedev has gone on record suggesting that there should be a cross-country regulatory framework for cryptocurrencies.

Apparently, PM Medvedev subscribes to the view that virtual currency regulations should not be country-specific. Instead, he wants the Eurasian Economic Union (EAEU) member states to cooperate and coordinate to bring forth a unified policy, according to a new report by Russian business journal Vedomosti.

Medvedev seems particularly keen on forming an alliance with the rest of the EAEU members including Belarus, Armenia, Kyrgyzstan, and Kazakhstan to regulate cryptocurrencies. This was evident from his speech at a conference called “Digital Agenda in the Age of Globalization” held on Feb 2 in Almaty, Kazakhstan.

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EU Aims To Lead The Path By Launching Blockchain Observatory and Forum

eu observatory and forum

The European Union (EU) seems keen on not missing out on the blockchain party.

European Commission (EC), the politically independent executive unit of EU, has launched a new body called the EU Blockchain Observatory and Forum (BOF) to consolidate and build on promising blockchain initiatives within EU member states.

BOF is essentially a pilot project backed by the European Parliament. It was proposed by Jakob von Weizsacker, the same Member of the European Parliament who drafted a recent, highly-cited report on cryptocurrencies.

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London Football Exchange Announces Flagship Soccer Cryptocurrency

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The London Football Exchange (LFE) has announced its intention to launch a cryptocurrency entirely centered around soccer. The vision is to create a global community linking everyone with an interest in soccer – both business and personal.

“Democratising Football Through The Blockchain”, reads the headline on the official site. “The London Football Exchange is a global movement to create the ultimate sports community where fans partake in exclusive club and fan experiences,” as explained on the website.

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Japan’s Yamada Denki Joins Forces with Bitflyer for Bitcoin Payments Trial

japan bitcoin

Bitflyer and Yamada Denki will be working hand-in-hand as the largest consumer electronics franchise in Japan tests the water for bitcoin payments.

Having launched in the US in November 2017, Bitflyer is one of the leading Japanese digital currency exchanges. It is also the fourth-largest trading platform, making it a high-profile partnership for the electronics retail giant.

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Russia Reconsiders Stand On Cryptocurrencies, Aims For A Middle Ground Between A Ban And Free Run

russian-regulation-cryptocurrency

Russia on Thursday announced that it will soon introduce a new legislation to regulate cryptocurrencies. A statement released by the Finance Ministry earlier on the same day emphasised on the need to control the production and distribution of digital currencies without fully banning them.

Apparently, the government is also keen on avoiding any scenario wherein digital currencies such as Bitcoin and Ethereum emerge an alternative to the Russian ruble.

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