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Quppy introduces multi-currency crypto-wallet with unique cross-platform applications. The Quppy wallet is a multi-language and multi-currency licensed crypto wallet that assures the most advanced security features.

Quppy: a Unique, Multi-Currency, Cross-Platform Crypto-Wallet

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The recently launched ‘BitcoinNews.com Daily Podcast’ provides easy access to the latest news on Bitcoin, blockchain and cryptocurrencies across 11 platforms.

BitcoinNews.com Daily Podcast

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Introducing Authoreon's A-ID, the first digitally readable, optical label on the blockchain. The A-ID enables multiple applications that provide authentication, authorization, verification, and certification.

Authoreon launches the A-ID Code, the first machine-readable, optical label on the blockchain

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Gigecoin has created the gig economy platform using blockchain technology in order to handle the problems faced in the gig economy sector while also improving how the industry works. 

This platform is essentially an autonomous, decentralised staffing platform with its own crypto asset coin and terminal that has zero transaction fees and a capacity to immediately exchange coins to fiat.

The Gig Economy Platform by GigEcoin Makes it Easy

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A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January.

Number of Australians Holding Cryptocurrency Doubles

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First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP).

Bitcoin Mutual Fund Launches in Canada

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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.

Chinese Government Accepts Blockchain Records as Evidence in Court

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How Chinese Millionaires Are Still Using Bitcoin to Buy Properties Overseas
July 24th, 2018   

How Chinese Millionaires Are Still Using Bitcoin to Buy Properties Overseas

Chinese investors have reportedly injected hundreds of millions of dollars in the real estate industry of Hong Kong, to avoid the government’s scheduled investigation into foreign financial accounts operated by Chinese residents and citizens.

In June 2018, South China Morning Post reported that local financial authorities have started to require investors to disclose their holdings in properties and business assets established outside of China and vowed to strictly follow its Common Reporting Standards (CFS) as well as the Foreign Account Tax Compliance Act (FATCA), to eliminate the platform most local investors rely on to evade taxes and scrutiny from the Chinese tax agency.

Consequently, the real estate industry of Hong Kong, which excludes Chinese investors from tax investigations, has seen an exponential increase in demand and value, due to the influx of millionaire Chinese investors entering its market to purchase residential properties valued at several million dollars.

“Home prices have picked up very fast in Hong Kong in recent months, and worries on the introduction of CRS was one of the drivers,”
said Jennifer Wong, an advisor at the Association of Hong Kong Accountants.

Most recently, Yao Xiaoguang, the vice president of Tencent, one of the largest internet conglomerates in the global market, purchased a $12.57 million penthouse in Hong Kong.

However, the issue in dealing with the real estate market of Hong Kong for local investors is the involvement of banks and regulated financial institutions that are required to forfeit the financial information of their clients upon the demand of the Chinese government.

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Blue Dividing BarThe transfer of large amounts of Chinese yuan through regulated financial institutions could lead investors to face strict capital controls imposed by the Chinese government, which limit the outflow of the Chinese yuan to prevent the devaluation of the national currency.

Throughout July 2018, the Chinese yuan has depreciated against the US dollar and other reserve currencies, continuing to demonstrate volatility and instability.

The rapidly declining value of the Chinese yuan has pressured the Chinese government to tighten its capital controls and limit the amount of yuan that leaves the country on a regular basis to leading economies like the US and Japan.

To circumvent the strict monitoring of outgoing transactions by banks and local financial authorities, Chinese investors have started to use bitcoin to transfer money out of the country, by purchasing the cryptocurrency in over-the-counter (OTC) and peer-to-peer (P2P) markets.

Chinese Investors are Still Trading Cryptocurrencies At the Blockchain Open Forum held in Seoul, South Korea, crypto exchange BTCC’s CEO Bobby Lee said that despite the ban imposed by the Chinese government, local investors have continued to drive high volumes.

Lee added:
“Cryptocurrency trading is better than most believed to be in China. The government banned crypto trading but volume is gradually increasing and people are still trading cryptocurrencies.”
Continuous efforts of the Chinese authorities to tighten capital controls and limit the outflow of the Chinese yuan will inevitably lead investors to search for alternative ways to bring money outside of China.

If the local cryptocurrency exchange market operated by OTC and P2P trading platform providers consistently demonstrate strong volumes from local investors, it is possible that bitcoin evolves into a significant alternative to the Chinese yuan in the short-term.

Via: btcmanager.com

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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.
   
Imagol is a blockchain-based decentralized P2P image marketplace which will enable photographers to get rid of photo piracy, copyright violation and most importantly enable them to enjoy a larger share of profits on the sale of their creations. The platform will facilitate easy monetization of photos and make the most of everyone’s creation by featuring them as micro-stock collection
   
XAYA, the ultimate blockchain gaming platform, has begun its long-awaited main sale. The sale is orchestrated through Liquid’s Market and will run for a maximum of five weeks.
       

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