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Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Source Node: https://cointelegraph.com/news/real-estate-blockchain-firm-ubitquity-to-build-tokenized-title-platform
Time Stamp: August 8, 2020 5:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said. The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia. Tokens created through the platform represent a client’s property so title owners have more opportunities to develop new value like a fractionalized ownership investment in the real estate. Ubitquity said in a statement that having tokens represent a

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

TikTok Ban: The Beginning of a New Age in Social Networks?

Source Node: https://beincrypto.com/tiktok-ban-the-beginning-of-a-new-age-in-social-networks/
Time Stamp: August 8, 2020 8:28 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

President Donald Trump has signed an executive order that forbids American companies to transact with Tencent and Bytedance. The ban comes after a long debate involving alleged data mining from apps like WeChat and TikTok. Following the ban, Tencent shares fell 5%. American companies will effectively have 45 days to stop transacting with these companies. The ban is sparking worldwide debate regarding the boundaries of national security. Is this an opportunity for decentralized social media platforms to step up? Tencent and the Yuan Plummet The announcement was immediately felt on

Title Token for Blockchain Estate Registry, Part 3

Source Node: https://cointelegraph.com/news/title-token-for-blockchain-estate-registry-part-3
Time Stamp: August 8, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements for an entry by knowing the standard of a record, the user’s machine can automatically collect records from various ledgers in one bundle.The hook, which is the algorithm that scans blocks of ledgers and extracts

What is Wrapped Bitcoin? A Guide to WBTC

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Time Stamp: August 8, 2020 12:24 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

WBTC is a way for Bitcoin to run on the Ethereum blockchain. Performing quick and affordable transactions using Bitcoin (BTC) has long been a problem of the community ever since it became more popular. This is why there have been many developments planning to address this issue.  But what if we can make our BTC coins functional on the Ethereum (ETH) blockchain? Would there be a difference? Wrapped BTC (WBTC) is a multi-institution project that aims to solve common BTC problems by creating its ERC-20 token counterpart. And in the

The Human Rights Foundation Awards Grants to Three More Bitcoin Projects

Source Node: https://bitcoinmagazine.com/articles/the-human-rights-foundation-awards-grants-to-three-more-bitcoin-projects?utm_source=rss&utm_medium=rss&utm_campaign=the-human-rights-foundation-awards-grants-to-three-more-bitcoin-projects
Time Stamp: August 4, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Human Rights Foundation (HRF) is issuing grants to three more Bitcoin developers. JoinInbox creator Openoms, Zeus creator Evan Kaloudis and Fully Noded creator Fontaine will be gifted 1 bitcoin each, worth over $11,000 at the time of writing, making for a total of over $33,000. This marks the second round of grants from the Bitcoin Development Fund, HRF’s new fund to support Bitcoin projects. “HRF decided to acknowledge and support these three developers and their projects because they are all focusing on making Bitcoin technology more accessible. Usability is

Putin Outlaws Crypto as a Payment Means in Russia

Source Node: https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/
Time Stamp: August 1, 2020 7:10 AM - Modified On: May 21, 2021 - Published By:
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President Vladimir Putin of Russia has signed a new law that will prohibit the use of cryptocurrency as a payment means in the country by 2021. Meanwhile, the Russian government recently deployed blockchain technology for its constitutional amendment.Crypto as Payment to Become Illegal in 2021According to a report by local news outlet RIA on Friday (July 31, 2020), the bill signed by President Putin will prevent citizens from using crypto to pay for goods and services in Russia. The bill will, however, enable transactions via digital financial assets (DFA).Also, government