March 29, 2018 - Medium
Last week, March 23rd, 2018, Binance announced that it is setting up shop in Malta. As the world's largest cryptocurrency exchange by traded value and volume, this move could mean fewer regulations and more opportunities to invest and trade cryptocurrencies.
Hon. Silvio Schembri, who is Malta's Parliamentary Secretary for Financial Services, Digital Economy & innovation showed admiration over the Binance's decision to operate in Malta. He stated "It is obvious that Malta has become a natural point of reference on the international sphere and companies such as Binance will continue to look into Malta to further expand their operations or establish a base". He continues to remark "Binance's presence in Malta sustains our vision, that of making Malta 'The Blockchain Island'.
After reviewing several possible locations, Binance decided to invest in the European nation of Malta because of its pro-blockchain legislation and stability that will ensure its successful future. In this move, Binance plans on hiring an additional 200 people in order to assist their expansion.
Malta is actively building a supportive regulatory and technical infrastructure that will highly appeal to companies stuck in countries with strict, invasive regulations. With these infrastructure builds, Malta plans on formalizing a 'Virtual Currency Act' that when passed will pave the way for safely regulating investment operations like token sales.
More information will be posted as it becomes available.
March 27, 2018 - CoinMarketCap
It appears that the little known cryptocurrency by the name of Garlicoin is making some surprising pushes to gear back towards the slump to $.043. What makes Garlicoin interesting is the total supply offered from the ICO launch. With a total supply of 7,034,236 GRLC and a circulating supply of 6,861,835 GRCL this coin has potential as Bitcoin continues to regain its footing.
While many think this cryptocurrency is a joke or meme, others see potential and have invested actual money into it. With a still very active Discord and Reddit, Garlicoin offers more than just a currency, it offers a community. All bias aside, I have actually mined a small amount of Garlicoin since its release back in January of 2018 and have enjoyed watching it fluctuate in my portfolio.
The technology backing Garlicoin includes a wallet, and mining software that is equipped with a blockchain explorer. This software is very easy to setup and use and there is a discord community that is readily available to assist with any problems.
I will be following this cryptocurrency closely and will update this post with new, fresh material.
March 26, 2018 - Twitter
Following a recent post on Medium by Coinbase, there is intention to support the Ethereum ERC20 technical standard in the coming months. This will allow ERC20 assets and tokens to be traded across the Coinbase platform. This process will follow how Ether, Lite Coin, and Bitcoin Cash were added in the past.
ERC20 by definition is a technical standard used for Ethereum smart contracts. These assets have become a popular way to create a network of inter-operable contracts and assets. An additional benefit to adding ERC20 token support is the
What Makes a Token ERC20?
A token that is ERC20 means it meets a specific protocol standard called ERC20. This protocol is designed to make the token highly compatible with Ethereum. As explained by James Seibel at Medium, "The ERC20 protocol standard contains basic functions that any useful token should implement to enable trading." This means universal use among all traded coins.
Before ERC20, every ICO token would need to study their own unique function of transferring tokens and figure out a way to implement it. With ERC20, all tokens share the same functions, which makes them quick and easy to use.
March 20, 2018 - Buenos Aires
Members from the world's top economic countries have now set a deadline that will unify cryptocurrency under one regulation.
At the meeting on Tuesday, members made a firm deadline set for July saying "In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?"
Central bankers and government officials have advocated taking a closer look at the impact cryptocurrencies could have on crime, investors and on the world economy. While finance officials from France and Germany said in a joint letter that cryptocurrencies "could pose substantial risksfor investors," U.S. Treasury Secretary Steven Mnuchin and an anonymous Japanese government official expressed concerns about their use in illegal activities.
A second meeting is set to take place tomorrow, which will be hosted through the G20 President's office.