A blockchain is a growing list of records, called blocks, which are linked using cryptography.
U.S. Issues Prohibition of Online Interstate Gambling The U.S. government has officially declared illegal against all forms of online gambling involving interstate transactions. The U.S. Department of Justice reversed its position from 2011 which said that only interstate sports bets were declared illegal, in accordance with the U.S. Wire Act of 1961. However, under the new interpretation of the Act, all online gambling involved transactions between countries now, now it's banned and declared illegal. The decision will not affect online gambling where bets are placed within national borders, but this indicates the casino must have a physical presence and a safe system to ensure that no bets are from outside the country. It is not known at this time how the industry will navigate the problem in a way that meets revised federal regulations. This reversal can also affect crypto-based betting platforms such as Augur even though decentralization can encourage definitions between countries to their philosophical limits. According to one report, the most affected are interstate lotteries and poker games run between Delaware, Nevada and New Jersey. Casino operator shares fell on news Tuesday, and if the past is an indication, the industry will likely try hard to reverse the decision the next day.
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Regulators Exclude South Africa Blockchain & Crypto Developers from Tax Incentive
In a struggle that will change the face of blockchain development in the nation and the continent at large, the South African Reserve Bank (SARB) has
Securitize Changing the Face of the Corporate Debt Industry with Blockchain Technology
Securitize, a compliance platform that handles the issuance and lifecycle management of digitized securities on the blockchain has joined the IBM bloc
How Does Blockchain Address the Pain Points of Islamic Banking?
Raghuram Rajan – one of the most prominent economist and 23rd Governor of RBI (Reserve Bank of India) suggested in his 2008 report on the Financial Sector that interest-free banking (Islamic banking) should be practiced on a large scale. This was recommended with an intention to provide access to pe
Litecoin Increases 12 Percent After Core Developers Announce MimbleWimble Implementation In the last 24 hours, litecoin prices have increased by more than 12%. Litecoin is now the fourth largest cryptocurrency based on market capitalization on CoinMarketCap, passing EOS. This price increase came after a blog post revealed that the Litecoin Foundation and Litecoin core developers had approached BEAM, a company that implemented the MimbleWimble privacy protocol, about the possibility of cooperation to implement MimbleWimble through the Extension Block at Litecoin. MimbleWimble is a privacy protocol that obscures transactions sent on the blockchain. The Extension Block aims to allow the network to optionally support various types of blocks on the blockchain. With Block Extension implemented on Litecoin, users can theoretically convert their standard litecoin to the MimbleWimble variant of Litecoin, enhancing the privacy features provided by MimbleWimble.
You can now margin trade against the price of Tether
YBitfinex has introduced margin trading for the USDT/USD market.This feature effectively gives traders the ability to take out a leveraged bet against the failure of Tether (and also Bitfinex themselves).Capital risk managementBitfinex stated: “Adding margin trading on the USDT/USD pair will not onl
Pressing Issues and Practical Aspects of Blockchain Assets Regulation in 2019
Igor Mazilin, the founder and CEO of INGVARR, prepared the most burning issues of blockchain assets regulation in 2019.In 2018, the number of legal ca