Koinlocker Crypto Thursdays – Jan 24th, 2019

Koinlocker Crypto Thursdays – Jan 24th, 2019


Here’s a quick roundup of the latest
news from the world of blockchain and cryptocurrency in the last one week Hi I’m Ajay from Koinlocker in this channel we talk about the interesting news from
the world of blockchain and cryptocurrency and if you’re new to my
channel consider subscribing. Here are some highlights from the last week.
Professors from seven US colleges including MIT, Stanford, University of
California Berkeley have teamed up to create a digital currency that they hope
they can achieve speeds Bitcoin users can only dream off without compromising
the tenets of decentralization. This virtual coin they expect will be able to
process transactions faster than visa The initiative called distributed
technology research plans to launch unity in the second half of the year and
aims to process more than 10,000 transactions per second the case against
the crypto banking banned by the Reserve Bank of India was heard by the country’s
Supreme Court on Thursday 17th January. The court subsequently decided to hear
the petitions against the RBI ban as a separate issue from the Government’s
committee report at the end of February. Next court hearing is on the 26th
February and the case would be at the top of the cause list. Switzerland-based
Falcon private bank has introduced support for direct transfers and storage
of select cryptocurrencies. Both private and institutional investors can now
directly transfer a selection of major cryptocurrencies to and from
institutions owned segregated Falcon wallets. As well as convert crypto into
fiat money. To start Falcon reportedly only supports four major
cryptocurrencies. Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH) and Litecoin (LTC). An Australian Bitcoin ATM startup Auscoin, has reported that its weekly turnover has reached 500,000
Australian dollars or roughly $360,000 This feat was achieved in 2018 with just 31 operational ATMs across Australia. Venezuela to see its first Bitcoin ATM installed in the country amid local
bitcoins experiencing some issues. Local Bitcoin volume has decreased from
thousand five hundred bitcoins per week to just twelve Bitcoin transactions
which is the lowest number since 2014 Ethereum Constantinople upgrade was
scheduled on the 16th of January but due to security issue discovered just the
day before the scheduled upgrade constantinople was deferred to the 27th
of february. Saudi Arabia and UAE have jointly launched a cryptocurrency on the
19th of January in Abu Dhabi. The cryptocurrency will be limited to banks
during the first stages until the government’s have a better understanding
of how blockchain technology operates cross borders. The currency operates on
the use of a distributed database between the Central Banks and the
participating banks from both sides. That’s all for today and if you want to
catch the latest update from the world of Blockchain and Cryptocurrency be sure
to hit the subscribe button and if you want to read more about the topics I
just mentioned please find the links in the description below

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