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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The Complete Guide to Bitcoin Transaction Fees

As a matter of fact, the past year has been a really exciting one for Bitcoin and all other cryptocurrencies. Cryptocurrency has become a trending topic in the general public but it is often condensed to a mere small talk.

On the other hand, crypto aficionados and experts alike have been faced with a series of arising problems and heated debates within the community. We have borne witness to the rise of altcoins and new regulations followed by numerous reports of hacks all over the world, and the problem with the so-called “hard forks”.

This translates into a hefty package, full of intricate technicalities with a pinch of drama. Of course, no such big phenomena goes unnoticed, and the media’s attention was caught by the buzzing discussions within the crypto-community.

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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

football-cryptocurrency

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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Who is Vitalik Buterin, The Mastermind Behind Ethereum?

Vitalik Butern anime portrait

Born January 31, 1994, in Russia, Vitalik Buterin is the Founder and chief scientist of the Ethereum project. Just like Bitcoin has its mythical figure that is Satoshi Nakamoto, Vitalik is the skinny, geeky-looking techie behind Ethereum.

But don’t let the cute cat T-shirts fool you, Vitalik was introduced to Bitcoin in February 2011 when he was 17, and at that time no one at his age had even a remote idea what cryptocurrencies were. Initially, his father was more interested DLT and cryptocurrencies, whilst Buterin didn’t think much of it.

After hearing about it, repeatedly, he eventually got interested in it — so much so, in fact, that he quit playing World of Warcraft and got possessed by the potential power of this new technology.

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The Top 5 Altcoins for 2018: Practical Projects, Underground Gems and Moonshots

top 5 altcoins

2018 is off to a shaky start.

With Bitcoin floundering from its all-time high, many investors are turning to alternative coins (altcoins for short) that seem to offer much more promising applications, yet for a much lower price.

The challenge is predicting what coins could truly blossom, and hold their value in the event of a major Bitcoin crash. To do so, the coin needs a promising everyday use that can justify a high valuation.

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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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What Is My Bitcoin Address and How Does It Work?

bitcoin address

A Bitcoin address is a cornerstone to understand how the cryptocurrency is exchanged between two individuals as they essentially dictate the source and destination for a particular amount of bitcoin. For those new to the world of cryptocurrencies, a bitcoin address may seem a little confusing at first.

Unlike a conventional bank account number, these addresses can include both numbers as well as letters and be up to 35 characters in length. In practice though, most addresses tend to be 33 or 34 characters long.

Here’s what one looks like:

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