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🚀 China doesn't ban Bitcoin anymore; The People's Moon? 🇨🇳
🚀 China doesn't ban Bitcoin anymore; The People's Moon? 🇨🇳
| | | Initial Exchange Offerings made $262 Million in the past 6 months, second-coming of ICO craze? |
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| | 🏆 Chinese Court Declared Bitcoin Legal as Virtual Property
The Hangzhou Internet Court formally described Bitcoin (BTC) as virtual property on July 18.
The ruling reaffirms that Bitcoin is now legal to own in China and indicates that holders would be protected from disputes regarding possession.
China's central bank, the PBoC, did not explicitly disagree with the ruling.
"Indeed, Bitcoin is virtual property, but it's not fiat money," a PBoC official with the surname Li told the publication Friday.
| | 😊 Binance to share 9.5 Million Stellar after accidentally staking for 11 months
Binance have "unknowingly" staked its Stellar (XLM) for over a year.
After introducing wallet changes recommended by the Stellar team, Binance discovered it had already generated 9.5 Million XLM for staking since Aug. 31, 2018.
In an announcement, Binance will also add staking support for XLM, which will allow users to opt for staking their XLM through Binance.
| | 🤙 New Coin Ycash split off from Zcash after world's first "Friendly Fork"
Ycash (YEC) has succesful forked off Zcash (ZEC) in what is known as a friendly fork.
Initially announced in April, the fork was not met with any contention within the community. Hodlers of Zcash will receive a 1:1 ratio of Ycash per the fork.
CoinGecko has prepared an easy to read 5 minute FAQ on Ycash so that you can get quickly updated on the latest forked cryptocurrency.
| | 🔍CoinGecko 2019 Q2 Cryptocurrency Report Highlight🔍 | | | What is Libra? ♎
Facebook's cryptocurrency ambition has got the whole crypto world talking.
So far, official resources by the project team range from highly technical whitepaper to vague "user-friendly" type graphics.
To help you be in the know, we've distilled all the important information into a 3 part slide within this quarter's CoinGecko Cryptocurrency Report.
At a glance, Libra will be made up of the following major components: - Libra's Blockchain - built on a new programming language called Move
- Libra Association - whose key leadership role is taken by Facebook until 2020
- Libra Reserve - which will be made up of "a basket of assets"
- Libra Investment Token - exclusive interest bearing token not available to normal users
- Libra Currency - the currency itself, owning it requires photo identification
You can learn more about Libra and other highlights of Q2 here.
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